UNITED STATES

Merck, Schering-Plough set to complete merger

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Merck & Co and Schering-Plough Corp said their $41.1 billion merger will be completed later on Tuesday, marking the close of the second huge deal in the pharmaceutical industry in recent weeks.

Slowdown pressures entire auto sector

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The global meltdown and resulting implosion in vehicle sales over the past year have pressured everyone in the automotive sector, creating opportunities for some players while leaving others subject to bankruptcy, consolidation or concessions.
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Comcast quarterly profit rises

Comcast Corp's quarterly profit rose 22 percent as customers signed up for additional phone and Internet services, helping the top U.S. cable operator fight competition from phone and satellite operators.
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Abdullah rules out joining new Afghan government

Technocrats and some existing ministers will be included among Afghan President Hamid Karzai's new government within the next three weeks, a spokesman said on Wednesday, but his main rival ruled out taking any part.
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U.S. 30th in global infant mortality

The United States ranks 30th in terms of infant mortality, an important measure of the quality of healthcare, according to a report released on Tuesday.
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Dollar slips as markets brace for Fed decision

The dollar fell broadly on Wednesday as firmer equity and commodity prices buoyed demand for the euro and perceived riskier currencies, while traders braced for a policy decision from the Federal Reserve.
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Steve Martin, Alec Baldwin to host Oscars

Oscar organizers on Tuesday named an unlikely pair of hosts for March's Academy Awards, comedian Steve Martin and 30 Rock star Alec Baldwin, a past loser at the world's top film awards.
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Stephen Colbert, fans sponsor U.S. speedskaters

In a move that puts him at the cutting edge of sport sponsorships, comedian Stephen Colbert and his fans will back the U.S. Speedskating team at the 2010 Olympic Winter Games, the talk show host said.
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Kirstie Alley takes weight-loss battle back to TV

Kirstie Alley is to parlay her lengthy weight-loss battle into a U.S. TV series for what the actress called in a Tuesday Twitter message a very funny docu about me losing weight, raising unpretentious kids, and biz.
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GM's U-turn on Opel sale sparks German backlash

German politicians seethed and unions tore up a deal to cut costs in protest at General Motors' completely unacceptable decision not to sell Opel, its European unit, after months of painstaking talks.
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Fed expected to stay on easy-money path

The Federal Reserve on Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.
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Oil rises above $80 on crude stocks, dollar

Oil rose above $80 a barrel on Wednesday, extending the previous session's near 2 percent gain, following a U.S. industry report showing an unexpected fall in crude stocks and supported by a weaker dollar.
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Playfish sees social games as industry driver

The video games sector has yet to gain from a downturn where consumers stay home to play, but social games creator Playfish says the industry is just beginning a new growth spurt.
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Asian stocks edge higher ahead of Fed decision

The dollar steadied below a one-month high against a basket of currencies on Wednesday, while Asian stocks edged higher in muted trade ahead of a policy announcement from the Federal Reserve that kept investors wary.
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Delphi to form new board on Wednesday: report

Delphi, the auto-parts maker that emerged from a four-year bankruptcy in October, is forming a new board of directors and will name retired Dupont Chief Executive John Krol as its chairman, the Wall Street Journal said.
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GM's U-turn on Opel sale irks Germany

General Motors' decision to keep its European arm Opel after months of negotiations to sell it triggered anger and dismay in Germany, which had led the talks and was putting up much of the cash.

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