UNITED STATES

White House: stimulus money added jobs, GDP growth

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The White House Council of Economic Advisers said in a report on Thursday that the $787 billion stimulus package enacted earlier this year had created as many as 1.1 million jobs by the third quarter.

Mandy Moore lets down her hair for Rapunzel

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After combing the acting landscape, Walt Disney Pictures has chosen Mandy Moore to voice the lead role in its Digital 3D-animated musical action-adventure Rapunzel, inspired by the Brothers Grimm fairy tale.
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Wall Street gains for 5th day on upbeat company news

U.S. stocks gained for a fifth straight session on Thursday, their longest string of gains since November, as a bright outlook from consumer product company Procter & Gamble and a successful Treasury bond auction boosted investors' confidence.
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Wal-Mart CEO sees late Christmas

Wal-Mart Stores Inc is expecting a late Christmas as consumers continue to carefully manage spending, CEO Mike Duke said at an investor conference on Thursday.
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First stages of U.S. rebound underway: Fed's Lockhart

Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday the U.S. economic recovery has started and made a plea for central bank independence to assure global markets the U.S. will pursue responsible monetary policies.
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Market rises for 5th day on economic optimism

U.S. stocks rose for a fifth straight session on Thursday as a brighter outlook from consumer product company Procter & Gamble and a successful Treasury bond auction encouraged investors about an economic recovery.
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US copper closes down in consolidation below $3/lb

U.S. copper futures closed down on Thursday, as prices extended a phase of consolidation below the $3.00 a lb level and fell under the weight of renewed concerns about near-term demand prospects, analysts said.
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First stages of U.S. rebound underway: Fed's Lockhart:

Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday the U.S. recovery has started and he made a plea for central bank independence to assure global markets the U.S. will pursue responsible monetary policies.
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When Will Global Oil Consumption Rebound?

With global oil consumption having decreased relative to year-earlier levels in every quarter since the middle of last year, we have now experienced four consecutive quarterly declines in world oil use, with another decline expected in the current quarter.
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Fed's Lockhart: first stages of rebound underway

Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday the U.S. recovery has started and he made a plea for central bank independence to assure global markets the U.S. will pursue responsible monetary policies.
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Key lawmaker seeks changes to broadband rules

A key U.S. lawmaker on Thursday expressed concern that much of the eastern part of the United States could be disqualified from broadband grants because of the way remote communities are considered.
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Corporate outlooks, bonds sale lift Wall Street

Stocks rose on Thursday as a brighter outlook from consumer product company Procter & Gamble and a successful Treasury debt auction put Wall Street on pace for a fifth straight session of gains.
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Google to share scanned books with rivals

Google Inc, criticized for scanning books without copyright permission, has said it would open its digital library to rivals and bookstores, the search engine giant said on Thursday.
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GM to sell Opel to Magna

U.S. carmaker General Motors has decided to sell Opel to a group led by Canadian car parts maker Magna, signaling an end to months of uncertainty for the European unit and its 50,000 workers.
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Ellen DeGeneres joins American Idol as 4th judge

Comedian Ellen DeGeneres, one of the top U.S. talk show hosts, was named on Wednesday as the new fourth judge on American Idol, replacing Paula Abdul, who quit the most-watched American television show last month.
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GM to cut dealer margins, fund new ad push

General Motors Co will roll out a new marketing campaign next week offering consumers a 60-day, money-back guarantee on new vehicle purchases, backed by ads featuring its chairman, Ed Whitacre, sources briefed on the plans said.
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BigGovernment reveals ACORN scandal (video+ transcript)

The news website BigGovernment.com revealed Thursday a videotape and transcript showing officials of the Association of Community Organizations for Reform Now (ACORN)in assisting individuals how to lie to the Internal Revenue Service (IRS).
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Ford says union talks aim at long-term issues

Ford Motor Co sees no near-term North American labor cost disadvantage with rivals General Motors Co and Chrysler Group LLC, but is in talks with its unions to address longer-term concerns, its global labor chief said on Thursday.
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GM says doesn't plan to retake Opel majority

General Motors does not plan to retake majority control of Opel at a later date, the U.S. carmaker's chief negotiator John Smith said on Thursday after GM decided to sell the unit to a group led by Canada's Magna.
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Oil slips below $72 on fuel inventory build

Oil slipped below $72 a barrel on Thursday, reversing earlier gains, as large increases in U.S. fuel inventories overshadowed a drop in crude inventories and outlooks for a rise in global demand.

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