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FACTBOX - Summary of Obama's healthcare proposal

President Barack Obama is preparing a final push for a healthcare overhaul and is expected to announce a plan on Wednesday to move the ambitious legislation forward without support from opposition Republicans.

U.N. council ready to tackle Iran nuclear issue

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The president of the U.N. Security Council said on Tuesday it was ready to tackle proposals for new sanctions against Iran over its nuclear program, while U.S. diplomats worked to persuade China that action is needed.

Chile steps up search for victims in quake-hit areas

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Chilean rescue crews fanned out with sniffer dogs on Wednesday around quake-ravaged cities and villages, some still hoping to find survivors and others to begin the daunting task of recovering the bodies buried under mountains of rubble.
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Oliver Stone shocked on revisit to Wall St

Director Oliver Stone was shocked when he revisited the world of high finance for the sequel to his 1987 hit movie Wall Street, describing what was happening there as the collapse of capitalism.
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Pfizer to outline Ratiopharm offer this week

Pfizer Inc is set to present a nearly $4 billion offer for German generic-drug maker Ratiopharm GmbH this week, competing against rival bids from Teva Pharmaceutical Industries Ltd and Actavis, sources familiar with the situation said on Tuesday.
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Judge sentences ex-Monster counsel to probation

A U.S. judge sentenced a former general counsel of recruitment services company Monster Worldwide Inc to one-year probation after he pleaded guilty in 2007 and cooperated with a probe into a fraud over the backdating of millions of dollars worth of stock options.
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Brakes seen key fix; Toyota confronted with memo

Support grew for changes to vehicle braking systems, as a congressional hearing into unintended acceleration confronted Toyota Motor Corp executives with a 2006 internal document warning of quality problems.
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AT&T CEO sees iPad mostly used on Wi-Fi

AT&T Inc expects users of Apple Inc's iPad to connect to the Internet mostly using short-range Wi-Fi networks rather than AT&T's cellular network, the chief executive of AT&T said on Tuesday.
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Tyson shifting away from Russia chicken market

Tyson Foods Inc , the biggest U.S. meat producer, said on Monday it had reduced the amount of chicken it exports to Russia to about 10 percent of its total chicken exports from 26 percent four years ago as the company works to find other markets for the product.
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Northrop nearing decision on tanker bid

Northrop Grumman Corp said on Tuesday it was still reviewing the Air Force's final terms for a multibillion-dollar aerial tanker competition but was getting closer to a decision on whether to submit a bid with its European partner EADS .
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U.S. unveils cybersecurity safeguard plan

The United States, pushing to promote global Internet freedom, on Tuesday declassified some of its initiatives on safeguarding government networks as it pursues partnerships in the effort.
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New OTC swaps rules must apply to all: CFTC's Dunn

Congress should not create blanket exemptions from new rules designed to make trading of over-the-counter derivatives more transparent, a commissioner on the top U.S. futures regulator said on Tuesday.
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Activision forms new Call of Duty unit

Activision Blizzard Inc is forming a business unit for its blockbuster Call of Duty franchise, following the departure of two senior executives at the studio that developed the video game, the company said on Tuesday.
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U.S. Feb auto sales tepid

U.S. auto sales stalled in February as a safety crisis sent Toyota Motor Corp reeling, allowing Ford Motor Co to leap into the industry's top spot for the first time since 1998.
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Starbucks tests larger iced drinks

Starbucks Corp, responding to customer demand for larger cold beverages, is selling 31-ounce (916.8 ml) iced teas and iced coffees in Phoenix and Tampa as part of a limited market test, the coffee chain said on Tuesday.
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U.S. consumer confidence up: report

ABC News reported on Tuesday that while its weekly measure of U.S. consumer confidence reversed course after hitting nearly a four-month low last week, the gauge is still struggling to dig out of 2009 lows after its worst year on record.

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