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New bill on too big to fail fix seen Monday

The administration plans to send Congress on Monday new draft legislation that would give the government authority to dismantle large financial companies that get into crises, U.S. Representative Barney Frank said on Friday.

U.S. asks Swiss to extradite fugitive Polanski

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The United States has formally asked Switzerland to extradite film director Roman Polanski, who fled sentencing in California on child sex charges in 1978, the Swiss justice ministry said on Friday.

Japan PM says no need to rush U.S. base decision

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Japanese Prime Minister Yukio Hatoyama said on Friday there was no need to rush a decision that could stall a realignment of U.S. troops in the country, as tension grows over an issue that could fray ties with Washington.
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Airlines launch industry wide fare hike

Major U.S. airlines have matched a domestic fare increase initiated by AMR Corp's American Airlines, marking the fifth industry wide fare hike in 2009, a top fare analyst said on Friday.
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GM puts signing of Opel sale on hold

General Motors put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian automotive group Magna , GM's chief negotiator on the deal said on Friday.
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Ingersoll profit down 5 percent

Ingersoll-Rand PLC , a maker of heating and cooling systems for homes, businesses and transport, reported a 5 percent drop in quarterly profit on Friday and said it continued to see challenges in its markets.
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Solar recovery to start, but 2010 outlook dim

European solar equipment makers are slowly emerging from the crisis that has hit the sector, quarterly results will show, but the outlook beyond 2009 will be uncertain due to tight credit and oversupply.
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Exelon revenues slide, trims forecast

Power company Exelon Corp posted an 8 percent increase in third-quarter profit, but its revenue fell far short of Wall Street expectations and it dropped its forecast to the bottom end of its previous range.
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Honeywell profit tops Street view, shares up

Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent profit drop that was far less severe than analysts had forecast, sending its shares higher in light premarket trading.
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GM CEO to get rise in compensation -report

General Motors Chief Executive Fritz Henderson will get a rise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.
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Fortune Brands profit tops view; ups outlook

Fortune Brands Inc reported a quarterly profit that topped analysts' estimates on Friday and said each of its business units performed at or above its expectations, sending shares of the consumer goods company up 2.4 percent.
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Japan may weaken CO2 target if no global pact

Japan could weaken its target for a 25 percent cut in greenhouse gas emissions by 2020 if all major emitters do not reach agreement on an ambitious global climate pact, the environment minister said Friday.
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Bernanke: Fed mulling bank capital surcharge

U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks as one way to reduce the risk any one firm's problems could destabilize the financial system.
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Investment risks could maim Kyoto emissions scheme

A combination of investment risks threatens to obstruct an already stumbling U.N.-backed $6.5 billion market in clean energy projects in emerging nations, years before the scheme's first phase is due to end.
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Bernanke: Bank capital surcharge under review

U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks to reduce the risks that any one firm's problems could destabilize the financial system.
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Oil holds above $81, skeptical on economy

Oil prices rose on Friday, holding above $81 a barrel, but skepticism economic recovery was robust enough to spur a convincing rise in fuel demand limited the appetite to extend this week's powerful rally.
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Intel assures Clearwire on investment info: report

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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Oil eases towards $81 on economy caution

Oil prices edged lower on Friday, back toward $81 a barrel, as skepticism economic recovery was robust enough to spur a convincing rise in fuel demand curbed appetite to extend this week's powerful rally.
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World stocks end 3-day losing run

World stocks broke a three-day losing run on Friday and hovered near their 12-month high, boosted by the Dow's return above 10,000 points, while the dollar briefly touched a new low for the year against the euro.
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Asia shares rise on earnings news, dollar slides

Asian shares rose on Friday as investors were encouraged by upbeat earnings reports from the United States and Asia while the dollar resumed a broad slide after a Fed official indicated U.S. rates would remain low.
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GM CEO to get raise in compensation: report

General Motors Chief Executive Fritz Henderson will get a raise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.

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