UNITED STATES

Sen. Rockefeller attacks 'rapacious' health industry

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Sen. Jay Rockefeller of West Virginia unleashed an attack on the health insurance industry and the need for more regulation on Thursday during a health summit of top politicians convened by President Barack Obama.
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Senators urge US to combat China currency policy

A group of 15 U.S. senators on Thursday insisted that China's currency practices are effectively a subsidy, and urged Commerce Secretary Gary Locke to take action. There can be no doubt that China's policy of large-sale intervention in the exchange markets and the significant undervaluation of its currency acts as a subsidy to Chinese exports, the senators said in a letter.
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Oil falls over 2 percent on recovery concerns

Oil dropped more than 2 percent on Thursday to below $78 a barrel as weak U.S. employment and durable goods data raised more concerns about a recovery in the world's top energy consumer.
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Palm cuts revenue outlook on weak phone sales

Palm Inc slashed its revenue targets on weak demand for its smartphones, renewing concerns about its ability to compete against rivals like Apple Inc and sending shares down 16 percent.
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Oil falls 3 percent on recovery concerns

Oil fell more than 3 percent on Thursday to $77 a barrel, dragged lower by concerns over the outlook for the European economy and about the pace of U.S. recovery after a surprise jump in U.S. unemployment.
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Coke to buy North American bottling operations

Coca-Cola Co will take control of the North American operations of its top bottler, Coca-Cola Enterprises Inc , in a strategic reversal that would close a competitive gap after a similar deal by PepsiCo.
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Germany survives scare on rare lean day

Germany survived a scary moment on the world's fastest track in the women's Olympic bobsleigh competition and endured a rare day without a medal at Whistler's Sliding Center on Wednesday.
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Durable orders ex-transport slip, jobs data weak

Demand for a wide range of U.S. manufactured goods unexpectedly fell in January, while new applications for jobless benefits rose again last week, suggesting a step back in the economic recovery.

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