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Toyoda apologizes to China over recalls

Toyota Motor Corp President Akio Toyoda apologized to Chinese consumers on Monday over the company's massive global recall, seeking to ease quality concerns in the world's biggest auto market.

HSBC misses expectations after accounting losses

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HSBC Holdings missed expectations with a $7.1 billion annual pretax profit as accounting losses masked record investment bank earnings and a late year slowdown in bad debts at its troubled U.S. business.
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Asia factory output expands, China slows a bit

Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening.
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Payrolls, quake, ISM may steer stocks

Payrolls could give the U.S. stock market some direction this week as investors comb through the key report on one of the economy's weakest areas.
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Calpers to review its rate-of-return assumption

Calpers, the biggest U.S. public pension fund, will review its assumed actuarial rate of return of 7.75 percent and will make a recommendation to its board whether to lower it in December, a spokesman said on Sunday.
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Daily Forecast - 1/3/2010

Friday's private sector credit data out of Australia gave the Aussie dollar a boost from 0.8880 to send it above the 89 cent level heading into the European session.
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Clinton faces Latin America test on Iran

Secretary of State Hillary Clinton flies to Latin America on Sunday, working to buff a lackluster U.S. image in a region where Brazil is emerging as a regional power with global aspirations.
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Toyota head to brief in China on quality issues

Toyota Motor Corp said its president would hold a news conference in Beijing on Monday as the automaker looks to limit the damage from a massive global recall on the fast-growing Chinese market.
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Tesoro's Hawaii refinery monitoring tsunami alerts

Tesoro Corp , a petroleum refiner and operator of the 94,000 bpd refinery in Kapolei, Hawaii, said on Saturday it is monitoring the tsunami alerts prompted by the massive earthquake in Chile and will take the steps deemed necessary.
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Buffett defends using stock in Burlington takeover

Warren Buffett defended his issuance of $10.6 billion of Berkshire Hathaway Inc stock as part of this month's acquisition of Burlington Northern Santa Fe Corp -- even as he admitted that issuing stock is as much fun as preparing for a colonoscopy.
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U.S. storm and Canada stutter to dream final

After surviving a minute of edge-of-your-seat terror, Canada got the happy ending they desperately craved -- a gold medal ice hockey game against the United States to cap off the Vancouver Olympics.
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Foul weather gives ski events a soggy send-off

Italy's Giuliano Razzoli whooshed through sleet and fog to lead in the first run of a tricky men's slalom race on Saturday that tripped up nearly half the racers including Olympic comeback kid Bode Miller.
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Obama backs GOP-free health reform

President Barack Obama said Saturday he is willing to enact health care industry reforms without the support of Republican lawmakers, two days after a televised summit in Washington brought together top politicians to discuss the issue.
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Massive earthquake strikes Chile

One of the most powerful earthquakes in decades battered Chile on Saturday, killing at least 147 people, knocking down buildings and triggering a tsunami that rolled menacingly across the Pacific.
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Crude Oil Hits Ceiling in Week as Hedge Funds Attack Euro

Crude oil broke through the $80 a barrel ceiling repeatedly during the week but kept falling back as hedge funds placed big bets on the Euro's decline. The fiscal drama in Greece held global markets hostage much of the week as worries about the impact of the Greek crisis on the euro outweighed comments from Federal Reserve chairman Ben Bernanke about continued low interest rates in the U.S., pushing the euro down against the dollar and damping crude prices.
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UK's Prudential in talks to buy AIG Asian arm: sources

Prudential , Britain's largest insurer, is in advanced talks to buy the Asian arm of U.S. giant AIG , in what could be one of the largest overseas deals to date for a UK firm, sources familiar with the discussions said on Saturday.
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Obama: Healthcare reform can't wait a generation

President Barack Obama sought on Saturday to spark momentum for a final push to revive his stalled healthcare overhaul, insisting that Americans cannot wait another generation for us to act.

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