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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.

Asia shares rise on earnings, dollar resumes slide

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Asian shares nudged higher on Friday on the back of upbeat earnings reports from the United States and Asia while the dollar resumed a broad slide after a Fed official indicated U.S. interest rates would remain low.

Calpers reviewing relationship with Apollo: report

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Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the relationship as a whole, the Wall Street Journal reported on Thursday, citing documents outlining the review.
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CIT, Goldman in tentative pact: report

CIT Group Inc , a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter.
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Daily Commentary - 23/10/2009

The Aussie dollar ran into a wall of resistance ahead of 93 cents during yesterday's Asian morning session retreating throughout the afternoon with the market somewhat disappointed by China's envious 8.9% economic growth result.
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American Express beats estimates as costs fall

American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.
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U.S. cuts pay at bailed out firms, BofA hits back

The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
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American Express Q3 profit falls

American Express Co reported on Thursday lower quarterly earnings as consumers spent less with their credit cards and credit losses rose.
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Jobless claims, future gauge of economy rise

A bigger-than-expected rise in U.S. workers filing new claims for jobless aid last week underscored how fragile the labor market remains even as a measure of economic prospects hit a two-year high last month.
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Advanced biofuels will stoke global warming: study

A new generation of biofuels, meant to be a low-carbon alternative, will on average emit more carbon dioxide than burning gasoline over the next few decades, a study published in Science found on Thursday.
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Foreign c.banks' Treasury holdings jump in wk -Fed

Foreign central banks' holdings of U.S. Treasuries at the Federal Reserve rose sharply in the latest week, data from the U.S. central bank showed on Thursday. Treasuries held by overseas central banks at the Fed jumped 28.71 billion to total $2.129 trillion in the week to Oct. 21.
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As dollar weakens, are oil prices poised to rally?

Can a weaker dollar propel oil prices higher than current levels near $81 a barrel, or will bearish oil market fundamentals hold oil prices back? The correlation between oil prices and the dollar has reached a coefficient of -0.9 in 2009, Reuters data shows.
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Daily Wrap Up - Oct 22

Pay Cuts at Bailed Out Businesses; Leading Indicators on Six Mont Tear; Wal-Mart's Modest Approach
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Big U.S. manufacturers revive, small ones hurt

While the main gauge of U.S. manufacturing has rebounded from the depressed levels of late 2008, smaller businesses are struggling with lackluster sales and tight credit as the recession wanes.
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Japan says no U.S. base decision before Obama visit

Japan said on Thursday it could not sign off on a planned reorganisation of U.S. troops in the country before President Barack Obama visits Tokyo next month, after the U.S. defense secretary bluntly called for the deal to be implemented.
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Obama not doing enough on climate change - Pachauri

U.S. President Barack Obama should do much more to ensure Congress passes a greenhouse emissions bill, giving global climate talks a major boost, the head of the U.N. Climate Change Panel said on Thursday.
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U.S. slashes pay at bailed-out firms

The U.S. pay czar on Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent.
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Washington Mutual argues JPMorgan owes it $4 billion

Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.
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Wal-Mart keeps conservative growth approach

Wal-Mart Stores Inc said on Thursday it will keep its conservative approach to U.S. expansion as it pours resources into renovating stores or exploring higher-return investments abroad.

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