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Geithner to testify on AIG

U.S. Treasury Secretary Timothy Geithner will testify about insurer AIG's payments to banks after its 2008 bailout, a congressional panel said on Thursday, as another committee weighed into the matter.

Financial crisis panel to call Greenspan, Cox

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U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.

U.S. watchdogs warn of Haiti relief scams

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U.S. law-enforcement agencies and charity watchdogs have warned that con artists may use Haiti-relief scams to take advantage of an outpouring of generosity after the Haitian earthquake to steal cash and sensitive financial information from potential donors.
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Daily Forecast - 15/1/2010

The Australian Dollar opens higher today at 0.9310 and is consolidating upon its recent gains versus the greenback.
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Retail sales fall unexpectedly, jobless claims up

U.S. consumers unexpectedly curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on the durability of the economic recovery once government support fades.
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Obama Pledges $100 Million in Aid to Haiti

President Barack Obama pledged $100 million for Haiti relief aid on Thursday and enlisted the help of two former U.S. presidents, promising Haitians: You will not be forsaken.
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Wall Street ticks higher, led by tech shares

Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
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Cash-rich Canada banks shy away from acquisitions

The heads of Canada's four largest banks said on Thursday they remain focused on capital conservation because of uncertainty over global regulatory changes and the riskiness of making acquisitions.
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U.S. financial crisis panel to call Greenspan, Cox

U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.
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Wall St little changed; techs gain ahead of Intel

U.S. stocks traded flat to slightly higher on Thursday as upcoming earnings from Intel Corp spurred interest in technology shares, though gains were limited by an unexpected drop in December retail sales.
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Nazi camp trial session canceled, Demjanjuk ill

A German judge on Thursday canceled a planned day of hearings in the trial of John Demjanjuk, accused of helping to kill 27,900 Jews in the Holocaust, because the 89-year-old said he was ill.
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Red Cross website helps Haitians trace loved ones

Thousands of Haitians at home and abroad are trying to get in touch with each other through a website set up after the devastating earthquake, the International Committee of the Red Cross said on Thursday.
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Manhattan apartment rents and vacancies off in '09

Vacancy rates for apartments in New York City's borough of Manhattan, the largest U.S. apartment market, declined in 2009, as lower rents and better landlord incentives attracted tenants, according to a quarterly brokerage report.
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Pakistan Taliban chief said targeted by U.S. drone

A U.S. drone fired two missiles on Thursday at a compound in northwest Pakistan where Pakistani Taliban chief Hakimullah Mehsud was believed to have been, but his fate was not known, Pakistani officials said.
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U.S. tells Abbas pushing hard for Mideast talks

A senior U.S. envoy told the Palestinian president on Thursday that Washington is working hard to find a way to broker a resumption of peace talks with Israel, a senior Palestinian official said.
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U.S. 2009 foreclosures shatter record despite aid

U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
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Retail sales unexpectedly fall, jobless claims up

U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.
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Jobless claims up last week but trend improving

The number of U.S. workers filing new applications for unemployment insurance climbed more than expected last week but a measure of underlying trends moved steadily lower in a sign that labor markets are slowly improving.

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