UNITED STATES

BrightSource drops solar project in Mojave

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Solar thermal company BrightSource Inc has dropped plans to build a solar power plant in the Mojave Desert, losing a battle with environmentalists and a U.S. senator who want to preserve the surrounding area.

Cruise companies sue Alaska over passenger tax

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An association representing major cruise lines operating in Alaska on Friday filed a lawsuit against the state of Alaska seeking to overturn the state's passenger head tax, a levy the cruise companies claim is unconstitutional and has stifled business.
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Judge allows Jackson mom to challenge over estate

A Los Angeles judge has ruled that Michael Jackson's mother can challenge the administrators of his estate without losing her share in a lucrative family trust, according to court papers released on Friday.
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Don't cry for the dollar, yet

Its sharp decline in the last week has pushed the euro to its highest level in a year and reignited fears that there's only one place for the dollar to go, and that's down. Rhetoric from influential investors like Warren Buffett as well as big foreign buyers of U.S. debt like China and Russia has fed that sense of doom.
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Senate Republicans push for end to bailout fund

A majority of Republicans in the U.S. Senate on Friday called on the Obama administration to let the authority to tap a $700 billion financial bailout fund expire at the end of the year as scheduled.
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U.S. urges court to reject Google book deal

The U.S. Justice Department urged a New York court on Friday to reject Google's controversial deal with authors and publishers that would allow the search engine giant to create a massive online digital library.
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US, Air Canada end spat that threatened NHL

The United States and Air Canada appeared on Friday to have settled a spat over charter flights, which had threatened to disrupt the upcoming National Hockey League season.
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Microsoft lets shareholders vote on exec pay

Microsoft Corp's board on Friday approved a proposal to allow shareholders to vote on its executives' compensation, as U.S. corporations' pay policies come under scrutiny in the wake of the financial crisis.
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Parmalat lawsuits against BofA, auditor dismissed

A U.S. federal judge in Manhattan has dismissed three Parmalat SpA fraud lawsuits against Bank of America Corp and the auditing firm Grant Thornton LLP over their roles in the Italian dairy company's 2003 collapse.
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Straightforward history lesson a top-notch thriller

After seeing Judith Ehrlich and Rick Goldsmith's earnest, smart documentary about Daniel Ellsberg and the Pentagon Papers controversy, viewers not old enough when it unfolded might wonder why the story has played such a minor role in popular histories of the era. This informative account deserves more than the very limited theatrical release it's likely to get. The Most Dangerous Man in America: ...
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NY judge blocks higher fees for tobacco dealers

New York's fee increases for cigarette-selling shops were temporarily blocked by a state judge, a retail association said on Friday, leaving the current $100-a-year charge in effect for now.
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U.S. regulator to unveil open Internet plan

The top U.S. communications regulator plans to unveil proposals Monday for ensuring Web traffic is not slowed or blocked based on its content, sources familiar with the contents of the speech said on Friday.
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Ginnie Mae MBS seen vulnerable to FHA loan losses

Investors in U.S. mortgage bonds backed by the Federal Housing Administration own one of the safest bets on Wall Street, yet mounting defaults on the underlying collateral are seen posing risks.
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G20 to seek unity on economic exit strategy

World leaders will probably agree next week to work together when the time comes to end their massive economic stimulus programs and they were also moving on Friday toward a stiffer line on bankers' pay.
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Groups call for EU scrutiny of Google book deal

EU regulators should look into the book settlement that Google Inc reached with a group of U.S. writers and publishers last October because the deal will create a de facto monopoly, European opponents to the book deal said on Friday.
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Dollar rebounds from 1-year low versus euro

The dollar rebounded from a one-year low against the euro on Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for the greenback. Sterling declined across the board, hitting a near five-month low euro on renewed concerns about the UK banking sector.

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