UNITED STATES

Fannie, Freddie get credit line; no word on future

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The Obama administration on Monday laid out credit provisions for Fannie Mae and Freddie Mac under its fiscal year 2011 budget proposal, but did not deliver a vision for the future of the money-losing mortgage finance giants.

US mortgage pros measured on private capital return

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Mortgage securities are not expected to return to any significant growth until 2011, despite efforts to restart the market that provided much of the residential credit during the housing boom, according to a industry survey released on Monday.
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Oil rises on U.S. manufacturing growth trend

Oil rose on Monday as stronger U.S. manufacturing data prompted optimism about economic recovery and a weaker dollar helped boost crude demand after oil prices fell to five-week lows on Friday.
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Exxon profit tops Street, shares up 3 percent

Exxon Mobil Corp reported a fourth-quarter profit on Monday that topped Wall Street expectations as natural gas projects boosted results at the largest U.S. oil company's exploration arm.
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JPMorgan in talks to carve up RBS Sempra: sources

JPMorgan Chase and Sempra Energy may carve up commodities venture RBS Sempra, people familiar with the matter said, as pressure on U.S. banks to limit proprietary trading forces JPMorgan to rethink its plans.
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Manufacturing grows in Jan; spending up a touch

U.S. manufacturing expanded for the sixth straight month in January to its highest since 2004, data showed on Monday, but U.S. consumers increased spending only slightly in December, worried by job prospects and the state of the economy.
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Toyota seeks to limit damage with recall fix

Toyota Motor Corp started shipping parts on Monday to U.S. dealers who were prepared to stay open late to fix vehicles that are affected by the most damaging recall in the automaker's history.
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Stocks rise on manufacturing data, Exxon

U.S. stocks rose on Monday, following three weeks of losses, on stronger-than-expected U.S. manufacturing data and results from Exxon Mobil Corp that beat Wall Street estimates.
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China fumes at latest U.S. arms sales to Taiwan

Chinese state media blasted the United States on Monday for a planned $6.4 billion arms package for Taiwan, while a U.S. official said Washington was committed to helping the island defend itself.
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Dec spending up, savings at 6-month high

Consumer spending rose slightly less than expected in December as savings jumped to a six-month high, indicating that households remained too cautious to spend despite an improvement in incomes.
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Manufacturing expands in Jan; spending up slightly

A measure of the manufacturing sector hit its highest level since 2004 last month, but consumer spending grew only slightly as households remained cautious on the economic recovery and any increase in jobs, data showed on Monday.
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Heart disease will kill 400,000 Americans in 2010

A study by British scientists found that around half of those deaths could be averted if people ate healthier food and quit smoking, and experts warned there was no room for complacency when it came to heart health risks.
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Shell, Brazil's Cosan in $12 billion ethanol deal

Brazilian sugar and biofuel giant Cosan plans to merge its ethanol and fuel distribution units with Royal Dutch Shell in a deal worth up to $12 billion, extending a trend of growing foreign investment in the fast-growing industry.
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Humana profit rises, meets Street view; shares off

Humana Inc reported higher quarterly profit on Monday, in line with Wall Street targets, as improved performance of its Medicare plans for the elderly offset weakness in its plans serving employers.
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Corrected: Dec spending up, savings at 6-month high

(Corrects month in para 11 to December)Consumer spending rose slightly less than expected in December as savings jumped to a six-month high, indicating that households remained too cautious to spend despite an improvement in incomes.
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HIV/AIDS drug puzzle cracked

British and U.S. researchers said they had grown a crystal that enabled them to see the structure of an enzyme called integrase, which is found in retroviruses like HIV and is a target for some of the newest HIV medicines.
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Manufacturing data, Exxon lift stocks

U.S. stocks rose on Monday, following three weeks of losses, as data showed the U.S. manufacturing sector continued to expand in January and after better-than-expected results from Exxon Mobil Corp .
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Oil steady around $73, outlook for demand weighs

Oil consolidated around $73 per barrel on Monday, stabilizing after three weeks of falls, with the outlook still clouded by concerns over the prospects for global growth and sluggish fuel demand.
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Exxon quarterly profit down 23 percent, shares up

Exxon Mobil Corp reported a 23 percent decline in its fourth-quarter profit on Monday, topping Wall Street expectations, as weak demand for fuel in the global economic slowdown hurt the largest U.S. oil company's refining business.
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Exxon qtrly profit down 23 percent, shares up

Exxon Mobil Corp reported a 23 percent decline in its fourth-quarter profit on Monday, topping Wall Street expectations, as weak demand for fuel in the global economic slowdown hurt the largest U.S. oil company's refining business.
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Toyota to restart U.S. plants; confident on fix

Toyota Motor Corp said production of eight models involved in a safety recall would resume on February 8, as it detailed plans to fix 2.4 million vehicles and sought to salvage its reputation with a PR blitz.
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Obama 2010 budget projects new record for deficit

President Barack Obama on Monday projected the budget deficit would soar to a fresh record in 2010, challenging his push for fiscal responsibility while driving to defeat double-digit unemployment.
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Spending edges up, savings at 6-mth high in Dec

Consumer spending rose slightly less than expected last month as savings jumped to a six-month high, indicating that households remained too cautious to spend despite an improvement in incomes.

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