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GM board to reconsider Opel in early November

General Motors will decide in early November whether to proceed with a deal to sell its European arm Opel to a group led by Canada's Magna or to seize a new opportunity to keep the unit after seven months of grinding negotiations.

BofA's Countrywide to get subpoena over VIP program

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A U.S. lawmaker said on Friday he will issue a subpoena to Countrywide Financial, now part of Bank of America Corp, as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.
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BofA's Countrywide subpoenaed over VIP program

A U.S. lawmaker said on Friday he issued a subpoena to Countrywide Financial, now part of Bank of America Corp , as part of a probe into whether the lender gave favored terms to lawmakers and other VIPs.
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Senate food bill good 1st step, needs work: FDA

A Senate bill that would expand U.S. Food and Drug Administration oversight and give it the power to recall food is a step forward but it needs to be stronger, the head of the agency told lawmakers on Thursday.
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In U.S., less education means more H1N1 concern

Low-income Americans with no more than a high school education appear more likely to get vaccinated against H1N1 swine flu than people with more money and better schooling, according to a poll released on Friday.
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Bernanke presses for reforms, eyes bank capital

U.S. Federal Reserve Chairman Ben Bernanke on Friday laid out his most detailed description yet of the central bank's post-crisis approach to regulation and said requiring big banks to hold more capital was under consideration.
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Ingersoll profit beats; 2010 outlook strong

Ingersoll-Rand PLC , which makes heating and cooling systems for homes, businesses and transport, reported higher-than-expected quarterly profit on Friday despite challenges in its markets and gave a 2010 outlook above Wall Street estimates.
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Intel assures Clearwire on investment info - WSJ

Intel Corp assured Clearwire Corp it is closely guarding its investment information on the wireless-broadband company after an insider-trading scandal surfaced last week, the Wall Street Journal reported, citing Clearwire chief executive Bill Morrow.
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Honeywell profit drops but tops Street view

Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent profit drop that was far less severe than analysts had forecast, saying that cost-cutting had protected its margins.
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GM buys all new shares in South Korea unit

General Motors Co bought all of the new shares offered by its struggling South Korean unit for $413 million and the U.S. carmaker will consider further financial aid if necessary, GM Daewoo said on Friday.
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Karzai says wants better Afghan election run-off

Afghanistan's Hamid Karzai said he wanted a better and cleaner presidential election run-off in November to bring stability at a time when Taliban violence is at its worst in eight years of war.
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Retailers test IPO market after two-year absence

After two years on the sidelines, a handful of retailers is getting ready to test the initial public markets again, emboldened by the stock market rally and a better consumer spending outlook.
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Mongolia lists 8 potential bidders for coal project

Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzorig, deputy director of Erdenes MGL, the Mongolian government company that will hold at least 51 percent of the equity.
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Freddie Mac Sept portfolio up, delinquencies jump

Freddie Mac, the second-largest U.S. home funding company, said on Friday its mortgage investment portfolio grew by an annualized 7.3 percent rate in September, while delinquencies on loans it guarantees accelerated.
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President Hu talks with Obama on climate deal

Chinese President Hu Jintao, made the fifth phone conversation with U.S. President Barack Obama Wednesday. President Hu expressed his confidence that a positive outcome at the upcoming Copenhagen world climate summit in December could be provided improvement in bilateral relations and faced the weather pattern challenge.

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