UNITED STATES

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Stocks tumble for 2nd day on euro zone, jobs

U.S. stocks fell on Friday, failing to recover from the previous day's brutal selloff, after U.S. jobs data pointed to a slow recovery and investors worried about the health of the euro zone's weakest economies.

Stanford liquidators say $370 million in assets found

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Funds and property valued at about $370 million traced to accused Ponzi schemer Allen Stanford have been located, but disputes over control of the assets are holding up disbursement, liquidators for Stanford's offshore bank said on Friday.
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Dodd says bipartisan financial reform at an impasse

Bipartisan efforts to tighten U.S. financial regulation ground to a halt in the Senate on Friday, leaving Democrats to proceed on their own and painting Republicans into an uncomfortable political corner.
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Kazakh lender BTA Bank files U.S. bankruptcy

BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home.
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Stock market falls; energy shares sink

U.S. stocks dropped and briefly hit session lows in late morning trading on Friday, with shares of energy companies falling as oil dropped more than $3 a barrel. An S&P index of energy stocks lost 1.8 percent.
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Obama says healthcare may be 2010 election issue

He spoke at a Democratic National Committee fund-raising reception at which he sought to boost the morale of party loyalists in the wake of the Democrats' loss of a 60-vote supermajority in the Senate when Republican Scott Brown won in Massachusetts last week.
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Dow hovers around 10,000 as investors digest unemployment data

Major U.S. indices are range-bound in the morning session on Friday as investors digest the U.S. unemployment rate report and monitor the ongoing sovereign debt contagion from Greece. The Dow has been hovering around the psychologically important level of 10,000 this session, dipping below it at various times.
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Fewer homeowners see home values falling

Fewer U.S. homeowners expect the value of their homes to decline in the year ahead, but they also believe gains are unlikely, according to a Thomson Reuters/University of Michigan survey published on Friday.
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NAB talks to partners on RBS branches: sources

U.S. private equity firm Blackstone and British buyout firm Resolution Group have talked to National Australia Bank about teaming up for its possible bid for more than 300 Royal Bank of Scotland branches, people familiar with the matter said.
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U.S. adults forgo routine immunization: report

Only about a third of seniors were vaccinated in 2008 against pneumonia, a complication of seasonal flu, according to the report released by the Trust For America's Health, the Infectious Diseases Society of America and the Robert Wood Johnson Foundation.
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Toyota chief breaks silence as Prius recall eyed

Toyota President Akio Toyoda apologized for safety problems that have left the Japanese carmaker in crisis as the group considered another recall -- this time over the brakes on the newest Prius hybrids.
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With Volvo, China eyes M&A abroad to win at home

Once Li Shufu, head of China's Zhejiang Geely Holding Group, closes the deal to buy Ford Motor's Volvo unit for up to $2 billion, the sedate, safety-conscious Swedish brand may be in the running to replace the Audi A6 as Chinese state officials' car of choice.
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Obama moving to expand credit for small businesses

President Barack Obama, looking for ways to drive down high U.S. unemployment, will announce plans on Friday to expand credit for small businesses, a main source of job creation in the United States.
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Home sale listings rise in January

The number of U.S. homes listed for sale rose in January compared to December after 18 consecutive months of decline, according to data released on Thursday by real estate brokerage ZipRealty.
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DOJ still opposes Google Book plans

The US Justice Department still thinks a proposal to give Google digital rights to millions of books threatens and stifles competition and are undermining copyright laws.
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Stocks set to open flat as unemployment falls

Wall Street was set to open little changed on Friday, as stock index futures pared earlier losses, after data showed the unemployment rate declined in January, even as payrolls fell.
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North Korea says will release U.S. activist Park

North Korea said on Friday it will release U.S. religious activist Robert Park, arrested in December for illegally entering the country in a journey to raise awareness about Pyongyang's human rights abuses.

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