UNITED STATES

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Obama to propose permanent Build America Bonds

President Barack Obama will propose making a popular stimulus bond program permanent and expanding its use in the budget plan he presents on Monday, a U.S. Treasury Department official said on Saturday.

Obama says deficit could jeopardize recovery

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President Barack Obama renewed his pledge on Saturday to make job creation his top priority in 2010 but said it was also critical to rein in a record budget deficit that threatened an economic recovery.

China threatens U.S. sanctions over Taiwan arms

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China threatened to impose sanctions on U.S. arms firms and cut cooperation with Washington unless it cancels a $6.4 billion arms sale to Taiwan, in an unprecedented move signaling Beijing's growing global power.
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Haiti faces long, difficult road to recovery

Haiti's leaders can point to progress since a powerful earthquake devastated the country but just surviving the first weeks' chaos, hunger and overwhelming loss may be the easiest part of a long recovery.
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UBS board has no one lined up to succeed CEO

No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's executive board was quoted as saying in a newspaper interview on Saturday.
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U.S. growth spurt fans recovery hopes

An acceleration in U.S. economic growth at the end of last year has fanned optimism about the outlook for global growth among business chiefs and policymakers in Davos.
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Four major food and beverage trends for 2010

Tate & Lyle, world-leading renewable food and industrial ingredients company, has identified four major trends for food industry in USA for 2010 that covers private labels, environmental conscious purchasing, dining in-house and gluten content.
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Are U.S. stocks set for a down year?

The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.
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Texas judge warns CPS in Texas nuclear dispute

NRG Energy Inc CEO David Crane said on Friday the company would not pursue construction of two nuclear reactors in Texas if the project loses a federal loan guarantee due to a dispute with partner CPS Energy.
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American Express CEO gets base pay jump

American Express Co raised Chief Executive Kenneth Chenault's base pay by 60 percent to $2 million for 2010, in the latest instance of Wall Street firms boosting regular executive compensation while cutting bonuses.
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Second SEC/BofA case on track for summer trial

The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.
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Barclays urges dismissal of Lehman windfall suit

Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.
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Obama remarks on GOP House Issues Conference (Full Text)

President Barack Obama addressed the GOP House Issues Conference in Baltimore on Friday where he criticized the Republican party of trying to prevent passage of his policies and made a call for their support in the creation of jobs.
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Vivendi faces damages, to appeal jury verdict

French media company Vivendi SA is liable for potentially billions of dollars in damages because it misled investors about its financial condition before a $46 billion merger nearly 10 years ago, a U.S. jury found on Friday.
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Economy soars 5.7 percent, fastest in 6 years

The economy grew at its fastest pace in more than six years in the fourth quarter, surprising economists, as businesses curbed their aggressive cut in stocks and stepped up spending.
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Stocks fall on euro-zone worry, tech slide

Stocks dropped on Friday, as worries about fiscal turmoil in Europe and a drop in technology stocks pushed the S&P 500 to its worst monthly decline since February 2009.
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After Haiti quake, traders get back to business

Garment factories are spinning out T-shirts again and street markets are packed, but Haiti's wrecked capital and damaged port show the huge task ahead in repairing the economy after a huge earthquake.
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Stocks fall on euro worry, tech drop

Stocks fell on Friday, erasing an earlier advance, as worries about fiscal turmoil in Europe and a drop in technology stocks offset positive reports on the economy.
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Democrats vow to move ahead on healthcare

The day after President Barack Obama's State of the Union address to the Congress, leaders in the Senate and the House of Representatives said they would not abandon the bill despite sharp Democratic divisions on how to proceed.

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