UNITED STATES

Obama tries to reinvigorate Wall Street reform

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President Barack Obama, marking a year since Lehman Brothers collapsed, urged financial firms on Monday not to fight regulatory reform and called on Congress to pass his proposals by the end of the year.

Sprint shares soar on T-Mobile USA tie-up talk

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Sprint Nextel Corp shares jumped 14 percent on speculation that the No. 3 U.S. mobile service might be bought by Deutsche Telekom even as many analysts said such a deal would be very difficult to pull off.
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Stocks rise, helped by utilities

Stocks edged higher on Monday, helped by utilities after a news report that China's sovereign wealth fund is eyeing a stake in U.S. power company AES Corp .
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HIG Capital says it could buy Molex France

The French arm of U.S. electronics group Molex which has been the subject of violent protests from workers afraid they might lose their jobs, could be acquired by investment firm HIG Capital.
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Tax evaders rush to beat amnesty deadline

Rich Americans who have evaded taxes by hiding foreign holdings have about a week to turn themselves in to an Internal Revenue Service amnesty program or gamble they will not be caught.
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U.S. tax evaders rush to beat amnesty deadline

Rich Americans who have evaded taxes by hiding their foreign holdings have about a week to decide whether to turn themselves in to an Internal Revenue Service amnesty program or gamble that they will not be caught.
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Direct Edge moves closer to U.S. exchange status

Direct Edge's applications to operate two stock exchanges appeared for public comment on the U.S. Securities and Exchange Commission's web site on Monday, bringing the privately held alternative venue a step closer to becoming a formal exchange operator.
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Wall St flat amid U.S.-China trade spat

U.S. stocks were little changed on Monday after the United States imposed special duties on Chinese tires, raising investors' concerns about trade friction between the two economic powers.
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Dollar loses gains as risk appetite climbs

The dollar fell against the euro on Monday, erasing earlier gains, as investors looked past a United States versus China trade dispute and took on more risk. U.S. stocks pared losses .N, illustrating higher risk appetite and reducing safe haven demand for the dollar, as investors stuck to the theme of recent months of changes in risk tolerance driving dollar action.
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Obama calls for financial reform this year

U.S. President Barack Obama, marking a year since Lehman Brothers collapsed, urged financial firms on Monday not to fight regulatory reform and urged Congress to pass his proposals by the end of the year.
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Nortel sells enterprise unit to Avaya for $900 mln

U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for the Nortel Networks Corp unit that builds corporate networks, and will pay $900 million for the business.
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Watch President Obama live on Wall Street here

President Obama is at Wall Street today to speak from Federal Hall to mark one year after the collapse of Lehman Brothers and to breathe new life into efforts to overhaul the financial regulatory system.
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Rio Tinto sells 56 pct stake in Alcan cable unit

Rio Tinto, the world's second-largest miner, is to sell a 56 percent stake in the cable division of its Alcan Engineered Products unit to U.S. investment firm Platinum Equity for an undisclosed sum.
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Auto sales boosting Indian rubber demand

Indian rubber consumption in the year to April 2010 is seen at 881,000 tonnes, slightly higher than the previous estimate of 875,000 tonnes helped by higher demand for automobiles, the country's Rubber Board said.
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UPDATE 2-Nortel to sell enterprise unit to Avaya

U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for a Nortel Networks Corp unit that builds corporate networks, and will pay $900 million for the business.
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China showers gifts on resources-rich Timor

Dili's gleaming new Presidential Palace and Foreign Ministry, gifts from China, stand in stark contrast to nearby burned-out buildings and are symbols of how the energy-hungry superpower is growing closer to tiny, oil-rich East Timor.
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Canon to provide multifunction printers to HP

Canon Inc said it will start providing its latest multi-functional printer models to Hewlett-Packard later this year, broadening the long-running partnership between the companies.
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Netanyahu says won't freeze building in settlements

Prime Minister Benjamin Netanyahu said on Monday Israel would not freeze all building in West Bank settlements as demanded by Washington but could limit its scope to help to restart peace talks with the Palestinians.
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Recent bin Laden messages

Al Qaeda leader Osama bin Laden warned the American people over their government's close ties with Israel in an apparently new audio tape posted on an Islamist website on Monday.
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Britons jailed for 9/11-scale airline bomb plot

Three Britons were jailed for life on Monday for plotting a terrorist outrage on the scale of the September 11 attacks by blowing up transatlantic airliners bound for North America using bombs made from liquid explosives.
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Barclays ahead early in Lehman carve-up

A year ago, Barclays and Nomura were preparing to dismember the carcass of recently-deceased Lehman Brothers. Twelve months seems a good time to ask: who got the tastier meal?

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