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Obama surprises with Copenhagen summit decision

U.S. President Barack Obama will attend the end of the Copenhagen climate change summit, a late change of plan the White House attributed on Friday to growing momentum toward a new global accord.

GM taps Spencer Stuart to conduct CEO search : report

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General Motors Co has tapped recruiting firm Spencer Stuart to find a permanent chief executive with extensive global, manufacturing and turnaround experience, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
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No winners if yuan rises, says China think-tank

Lifting the value of China's yuan currency would hurt, not help, global economic recovery and threaten the country's own financial and trade health, a Chinese state think-tank said in an essay published on Monday.
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OECD warns public debt jeopardizes recovery: report

Countries with mounting public debt jeopardize the sustainability of their economic recovery from the global financial crisis over the next several years, the OECD's new chief economist said in a interview in an Italian newspaper.
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Ex-Calpers staff ties with financier probed: report

U.S. security regulators are investigating possible ties between a former chief executive of California pension fund Calpers and a former Calpers board member, and a financier who has pleaded guilty in a New York pension fund corruption case, The Sacramento Bee said on Saturday, citing court documents.
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Rally may have legs, but beware of Scrooge

If the bulls have their way, Wall Street's rally will keep going next week on signs of stability in the labor market. But concerns about penny-pinching consumers during the holiday shopping season and the specter of higher interest rates may be a hurdle to jump.
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GM exec expects Germany to contribute Opel aid

General Motors will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the U.S. carmaker said it remains confident Berlin will soften its current stance.
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India PM to attend climate talks as momentum grows

Indian Prime Minister Manmohan Singh will attend the end of the U.N. climate summit, joining dozens of leaders including U.S. President Barack Obama, in the latest sign of growing momentum toward a new global accord.
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Italian court hands Knox 26 years for Briton's murder

An Italian court sentenced American student Amanda Knox to 26 years in prison and jailed her ex-boyfriend for 25 years after they were found guilty of murdering Knox's British roommate during a drunken sex game.
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Washington letter, Poe book set auction records

A signed four-page letter written by George Washington to his nephew in 1787 sold for $3.2 million, and two works by Edgar Allen Poe set new sales records on Friday in auctions held by Christie's.
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Six more U.S. banks closed

Regulators seized six more U.S. banks on Friday, bringing the tally of failures to 130 this year as the bank industry continues to suffer under the weight of deteriorating loans.
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Apple mute on Lala plans

Apple Inc has acquired digital music service Lala, as the dominant online music retailer explores new models for selling songs.
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Media heads worry about U.S. future as superpower

They normally ponder ways to entertain Americans, but media chiefs this week entertained more somber thoughts about the future of the United States, as several saw a fading superpower hobbled by the recession
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Cisco set to defend growth target, M&A strategy

Cisco Systems Inc is expected next week to say it can return to double-digit sales growth due to a stronger economy and expansion in high-growth businesses, including the acquisition of videoconference leader Tandberg .

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