UNITED STATES

Autos lift Canada factory sales

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Canadian factory sales rose in July at their fastest pace in 11 years, supporting expectations that the economy is growing again even though manufacturers are not expected to be the main driver of the recovery.
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Car slump to spark supplier mergers, bankruptcies

The global car market slump is set to spark a wave of mergers and bankruptcies among automotive suppliers being squeezed to the breaking point by weak demand and unrelenting pressure on prices, executives say.
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Senator's plan joins heated healthcare debate

Senator Max Baucus unveiled a long-awaited healthcare overhaul on Wednesday that would dramatically revamp insurance rules but does not include a government-run option backed by liberal Democrats.
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Toyota plans $1 bln marketing, more hybrids

Toyota Motor Corp (7203.T) is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also planning to expand its line of hybrid models under the Prius name, the Wall Street Journal reported on Thursday.
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Goldman downgrades Medco Health to neutral from buy

Goldman Sachs downgraded Medco Health Solutions to neutral from buy on valuation and said anticipation over a potential captive pharmacy benefit manager (PBM) acquisition has been adding support to the company's shares.
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TIMELINE: China car makers eye global brands

Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, has approached Canadian auto parts maker Magna International about possibly taking a stake in Opel, a source said.
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Billionaire Ross eyes European auto supplier

The global auto supply sector needs further consolidation, U.S. billionaire investor Wilbur Ross said, adding he was looking at potential acquisition targets, including at least one in Europe.
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Steps by developing nations to fight climate change

Major developing nations have announced steps over the past year to curb their growing greenhouse emissions as the world tries to negotiate a broader, and tougher, U.N. pact to slow the pace of climate change.
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UK gas climbs on US, oil rallies; power soft

British gas prices firmed early on Thursday following a strong rally in the U.S. natural gas market overnight and firm oil prices, while prompt power prices eased on solid supply margins.
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Wall Street set for lower open after FedEx, data

U.S. stock index futures pointed to a flat to lower open on Thursday as FedEx Corp reported in-line quarterly profits and even as the latest labor and housing data indicated an economic recovery was gaining steam.
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Japan energy min aims to expand power feed-in tariff

Japan's new energy minister said he aims to expand the nation's electricity feed-in tariff scheme to other energy sources beyond solar power within two years, to help meet the new government's goals to cut greenhouse gas emissions by 25 percent below 1990 levels by 2020.
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Oil falls to around $72 after stock rise

Oil prices fell to around $72 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset positive sentiment in other markets.
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U.S. housing starts, permits at 9 month high

New U.S. housing starts and permits rose in August to their highest level in nine months and the number of people filing of unemployment benefits fell last week, evidence a solid economic recovery was underway.
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U.S. housing starts, permits rise in August

New U.S. housing starts and permits rose in August to their highest level since November, lifted by a rebound in multifamily homes, a government report showed on Thursday.

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