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CIT debt swap struggles, bankruptcy looms

CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said.

World needs big drive for carbon capture: IEA

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The world needs to build 100 major projects for capturing and burying greenhouse gases by 2020 and thousands more by 2050 to help combat climate change, the head of the International Energy Agency said on Tuesday.

Supreme Court to hear appeal by Enron's Skilling

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The U.S. Supreme Court said on Tuesday that it would hear an appeal by former Enron Corp Chief Executive Jeffrey Skilling of his 2006 felony conviction stemming from the giant energy trader's collapse.
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Afghan frustration mounts over vote result delay

Afghan politicians on Tuesday expressed frustration over delays to the outcome of the August presidential election, held up by elaborate efforts to wipe clean the widespread fraud that marred the vote.
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Clinton says not yet time for Iran sanctions

U.S. Secretary of State Hillary Clinton said on Tuesday the time had not yet come for more sanctions against Iran over its nuclear program and praised what she said was Russia's help in tackling the issue.
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North Korea may fire more missiles ahead of talks

North Korea was preparing to fire a fresh barrage of short-range missiles, a report said on Tuesday, in a move seen as an attempt to boost its bargaining position ahead of expected talks on ending its nuclear weapons program.
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Healthcare overhaul poised for big step forward

U.S. President Barack Obama's push for sweeping healthcare reform was poised to clear a key Senate hurdle on Tuesday, opening a new phase in the raging debate over his top domestic priority.
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Dollar Thrifty cuts Chrysler purchases, costs

Dollar Thrifty Automotive Group Inc (DTG.N) said on Monday it would slash its 2010 car rental purchases from Chrysler and that its average fleet costs had stabilized at levels it hoped to maintain next year.
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Voluntary CO2 market not netting emissions cuts

The market for companies choosing to offset their carbon footprints is not achieving meaningful emissions cuts yet, market players said at a carbon industry conference in London on Tuesday.
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Siding with U.S., BarCap warns on AAU carbon trade

Extending the trade in sovereign emissions rights into a new global climate pact could deter investment in clean energy projects post-2012, Barclays Capital said on Tuesday, siding with the U.S. view on the matter.
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BofA agrees to give more details on Merrill

Bank of America Corp agreed to give federal authorities more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, U.S. regulators said on Tuesday.
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China auto market likely to slow after record 2009

Chinese car sales soared to a record in recent months on government incentives, but the same money tap that turbocharged sales could easily be turned off in 2010 if Beijing frets about an overheating economy.
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RioCan mulls acquisition in United States: report

RioCan, the largest real estate investment trust in Canada, is getting closer to a major move into the United States -- even getting RBC Dominion Securities' opinion on a potential deal, the Financial Post reported on Monday.
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Johnson Controls sees higher FY sales, earnings

Johnson Controls Inc said on Tuesday that it expected higher sales in each of its divisions next year as global auto production recovers, U.S. stimulus efforts pay off and emerging markets improve.
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GM CEO says possible to sign Opel deal this week

General Motors Co GM.UL may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.
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Cargill first-quarter profit falls on Mosaic results

U.S. agribusiness and trading company Cargill Inc reported a 65 percent drop in quarterly profit on Tuesday, hurt by plunging earnings at fertilizer maker Mosaic Co, in which Cargill is the majority shareholder.

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