UNITED STATES

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Fed mulling debt sales as economy recovers

Several Federal Reserve policymakers want to begin selling securities relatively soon to cut back on the massive amount of cash they have poured into the financial system, the U.S. central bank said on Wednesday.

Greece not seeking EU taxpayers' money

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Greek Prime Minister George Papandreou said on Wednesday his debt-stricken country was not seeking European taxpayers' money but needed a breathing space to cut its budget deficit and borrow on normal conditions.

Fed officials pondering debt sales, minutes show

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Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the central bank said on Wednesday.
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Housing starts post sharp rebound

Housing starts rose to a six-month high in January and industrial output increased solidly, pointing to an economic recovery that was taking a firm hold and respectable first-quarter growth.
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Toyota chief sidesteps Congress as pressure mounts

Toyota Motor Corp President Akio Toyoda said on Wednesday he has no plans to testify before U.S. investigators, setting the stage for a possible showdown over a safety crisis that has rocked the automaker's reputation and results.
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Entrepreneur closes door on criminals

CHICAGO (Reuters.com) - Several years ago Greg Whisenant unsuspectingly opened the door of his apartment building for a burglar, who then ripped off several of his neighbors. To make amends, Whisenant built an information-sharing web site for the local police, which is now one of the fast-growing crime data-mapping services in the United States.
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Ex-Goldman programmer pleads not guilty to theft

A former Goldman Sachs Group Inc computer programmer pleaded not guilty on Wednesday to charges he stole code from the bank's lucrative high-frequency trading platform before leaving for another company last year.
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Wall Street gains on earnings, economy

Stocks advanced on Wednesday as stronger-than-expected earnings from companies including Deere & Co and economic data underpinned hopes for the recovery.
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Genzyme earnings fall on supply interruption

Genzyme Corp said on Wednesday it is on the way to resolving a manufacturing crisis that led to shortages of two key drugs, but said production of one of them remains below par and the company's shares fell more than 1 percent.
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On anniversary, Obama defends economic stimulus

President Barack Obama vigorously defended his $787 billion stimulus on Wednesday, insisting it rescued Americans from the worst of the economic calamity and ripping Republican critics who called it a waste.
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Housing starts hit 6-month high, output rises

U.S. housing starts rose to a six-month high in January and industrial output increased solidly, pointing to an economic recovery that was taking a firm hold and respectable first-quarter growth.
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Market inches up on earnings, data

U.S. stocks edged up on Wednesday as stronger-than-expected earnings and economic data underpinned hopes about the recovery, but gains were limited by a dip in energy and other commodity-related shares.
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Industry explores new roads with free maps

The satellite navigation industry is looking for direction now that Google and Nokia are offering free maps on smart phones, with the issue a hot topic at the Mobile World Congress industry fair in Barcelona this week.
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See America by Train

American trains have long had a strong hold on the popular imagination, inspiring countless songs, stories, scandals and legends.
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Deere profit beats Wall Street

Deere & Co posted higher-than-expected earnings, sending its shares up more than 8 percent, as wider margins at its farm equipment and finance units helped it overcome weak economic conditions.
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U.S. reviews Toyota recalls for timeliness

U.S. regulators opened an investigation on Tuesday to see whether recent recalls of Toyota Motor Corp vehicles were carried out in a timely manner, the Transportation Department said.

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