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Stocks rise on tech sector and acquisitions

The broad U.S. stock market rose in another light trading session on Monday due to rising shares in the tech sector and target firms linked to a flurry of mergers and acquisitions deals.

Efforts to aid Greece, M&A lift Wall St

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U.S. stocks headed for a second straight day of gains on Monday, boosted by AIG's deal to sell a unit for $35.5 billion and efforts to solve Greece's debt problems, which have clouded the outlook for global recovery.
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Lockheed seeks to predict cybersecurity threats

Lockheed Martin Corp, the No. 1 information technology provider to the U.S. government, is working hard to better predict and protect against increasingly sophisticated and stealthy cyber attacks.
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AIG seeks to cut retention payout to ex-employees

American International Group Inc has asked former employees of its Financial Products unit for information about how much they earned elsewhere after leaving the company as it prepares to hand them retention payments, a source familiar with the matter said on Monday.
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Stocks lifted by M&A, prospects for Greece aid

Stocks rose on Monday, boosted by AIG's deal to sell its Asian life insurance unit and prospects for solving Greece's debt problems, which have increased fears about the outlook for global recovery.
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Fed's Kohn to step down

Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution.
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Quake, tsunamis kill more than 700 in Chile

A massive earthquake and tsunamis killed 350 people in one Chilean coastal town, doubling the total death toll on Sunday as the government tried to get aid to hungry survivors and halt looting.
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Iran to cooperate with IAEA, continue talks

Iran is ready to continue its cooperation with the United Nations atomic energy agency over its nuclear programme, Iranian Foreign Minister Manouchehr Mottaki said on Monday.
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Israel says China attentive to Iran sanctions plea

Israel voiced optimism on Monday that China would not veto any new U.N. Security Council sanctions to curb Iran's nuclear programme, saying Beijing had listened attentively to a visiting Israeli delegation.
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Prudential to buy AIG Asia for $35.5 billion

Britain's Prudential will buy AIG's Asian arm for $35.5 billion in the insurance sector's biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.
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Markets advance on mergers, Greece relief, data

U.S. stocks rose on Monday, boosted by several mergers, including a deal by AIG to sell its Asian life insurance unit, and as a possible resolution appeared for debt-troubled Greece in the form of European Union aid.
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Military allows Twitter, other social media

The Pentagon announced on Friday it has authorized the use Twitter, Facebook and other so-called Web 2.0 sites across the U.S. military, saying the benefits of social media outweighed security concerns.
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Consumer spending rises 0.5 percent in Jan

Consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, a government report showed on Monday.
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Consumer spending up, savings dwindle

U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery.
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Stocks add gains after ISM, tech boost

Stocks extended gains on Monday after a report showed the U.S. manufacturing sector continued to grow in February, while a run-up in semiconductor company shares and Apple Inc's stock underpinned advances in the technology sector.

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