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Ford posts surprise profit

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Ford Motor Co posted a $1 billion quarterly profit on Monday, defying Wall Street forecasts of a loss, as it cut costs and gained market share, leading it to raise its 2011 outlook to solidly profitable from break-even.

Stocks end higher on factory, housing data

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U.S. stocks rose on Monday after another round of solid economic reports but pulled off session highs after a Federal Reserve official's warning about banks' loan losses.
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Human Genome 2nd lupus trial succeeds

Human Genome Sciences Inc said its experimental lupus drug Benlysta eased symptoms in more than 43 percent of patients who took it in a clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.
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Oil rises on U.S., China manufacturing data

Oil prices rose more than $1 to top $78 a barrel on Monday as strong manufacturing data from the United States and China stoked optimism for a turnaround in the economy and in fuel demand.
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Dow, S&P rise on data, but banks curb gains

U.S. stocks pushed mostly back into positive territory, but were off session highs late on Monday afternoon, as a sell-off in banking shares reversed the initial gains built on solid economic data.
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Obama warns on job losses, urges export boost

U.S. President Barack Obama warned on Monday that more U.S. job losses lay ahead despite a turnaround in the economy, and he called for a new post bubble growth model with greater focus on U.S. exports.
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Indexes turn negative after rally on data

U.S. stocks turned negative on Monday as investors pulled back after pushing indexes up about 1 percent on better-than-expected data on manufacturing and pending home sales.
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Cisco results seen solid but bar set high

Cisco Systems Inc's quarterly results this week are expected to reflect some recovery in tech spending, but it may be hard to get investors to commit more money to a stock that is already up 40 percent this year.
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Obama warns more job losses coming

U.S. President Barack Obama said on Monday that more U.S. jobs will be lost in coming weeks and months but stressed the economy has recovered a lot of ground since he took office in January.
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Ford shares soar after surprise profit

Ford Motor Co posted a quarterly profit on Monday, defying Wall Street forecasts for a loss as it cut costs and gained market share, leading it to raise its 2011 outlook to solidly profitable from break-even.
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Human Genome-Glaxo lupus drug works in 2nd trial

Human Genome Sciences Inc said its experimental lupus drug Benlysta was successful in a late-stage clinical trial, paving the way for approval of the first new treatment for the disease in 50 years.
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Iran wants new nuclear fuel talks

Iran wants more talks on a U.N.-drafted nuclear deal because it needs guarantees it will receive reactor fuel, a senior official said Monday, adding to doubts that a standoff with big powers can be ended soon.
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Japan minister trip to U.S. not set, ties strained

A trip by Japan's foreign minister to Washington to try to soothe strained ties was up in the air on Monday as doubts simmered over whether a feud about a military base will be resolved before a visit by President Barack Obama.
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CIT bankruptcy reassigned after recusal

CIT Group Inc's bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier.
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Republicans aim for rival health plan in House

Republicans in the U.S. House of Representatives plan to offer an alternative to Democrats' massive healthcare reform bill that would not raise taxes or require people or businesses to buy health insurance, the House Republican leader said on Sunday.
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Bomb blast in Pakistan's Rawalpindi kills 35

A suspected Taliban suicide bomb killed at least 35 people in the Pakistani city of Rawalpindi on Monday, officials said, as the government announced a reward for the capture, dead or alive, of the group's leaders.
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Wall Street rises after factory, housing data

U.S. stocks rose on Monday after U.S. factory activity grew more than forecast in October, alongside improved global manufacturing, and pending home sales increased unexpectedly.
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U.S. manufacturing, pending home sales surge

U.S. manufacturing activity rose to its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, offering hope the budding economic recovery would be sustained.

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