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Asia shares slump on U.S. data; dollar gains

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Asian shares fell on Friday as disappointing U.S. manufacturing data raised concerns that its economic recovery may not be as fast as previously thought, while the dollar remained firm as investors booked profits on higher-yielding currencies.
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Strong dollar 'very important': Geithner

U.S. Treasury Secretary Timothy Geithner said on Thursday that a strong dollar was very important to the United States and the rest of the world needs to be convinced Americans will be more thrifty in future.
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Obama auto plan stopped global auto collapse: exec

The global auto industry would have collapsed if the U.S. government had not provided taxpayer-backed financing for automakers General Motors and Chrysler, according to the chief executive officer of Motors Liquidation Co (MTLQQ.PK).
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Daily Outlook - Oct 1 Tech

Network equipment maker Cisco Systems struck a deal to buy Norwegian videoconferencing company Tandberg for $3 billion in a bid to dominate the high-growing market of corporate video communications.
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Obama Annouces $5 Billion for New Medical Research

President Barack Obama announced a plan on Wednesday to spend $5 billion on medical and scientific research, medical supplies and upgrading laboratory capacity, which he said would create tens of thousands of new jobs.
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Chrysler CEO: no reprieve on U.S. plant closings

Chrysler Group LLC still plans to shutter eight North American plants according to its initial schedule, Chief Executive Sergio Marchionne said on Thursday, as he dismissed recent reports that a Detroit-area plant would get a reprieve.
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Ford September U.S. auto sales fall 5 percent

Ford Motor Co said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
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U.S. says Iran talks could open doors

The United States said on Thursday six-power talks with Iran had opened the door to better relations with the West but cautioned Tehran it must take concrete steps to prove it was not seeking nuclear arms.
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U.S. spending surges, manufacturing misses forecasts

U.S. consumer spending rose at its fastest in nearly 8 years in August, but a persistently weak labor market and below-forecast expansion in manufacturing in September could hamper a nascent economic recovery.
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U.S. Swine Flu Vaccines to Arrive from Tuesday

The very first doses of swine flu vaccine will start arriving in states and cities that ordered it on Tuesday, and might be sprayed up the first patients' noses by the end of the week, U.S. health officials said on Thursday.
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GM U.S. September auto sales fall 45 percent

General Motors Co [GM.UL] said on Thursday that its U.S. September auto sales fell 45 percent, pressured by weak consumer confidence, low inventory levels and the end of the U.S. government cash for clunkers incentives.
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San Antonio nears key vote on nuclear expansion

San Antonio's municipal utility will make a key decision next week on whether to invest billions of dollars to expand Texas' largest nuclear power station, with the city's mayor raising cost concerns.
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U.S. personal spending surges, jobless claims rise

U.S. consumer spending rose at its fastest pace in nearly 8 years in August, but the number of workers filing new claims for jobless benefits rose last week, indicating a weak labor market would weigh on recovery.

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