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EU seriously concerned by Israel settler approval

The European Union expressed serious concern on Tuesday about Israel's decision to approve new settler homes in the occupied West Bank, calling them an obstacle to peace and adding to international condemnation.

Obama asks students to set school-year goals

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President Barack Obama will challenge students to set goals and to do everything you can to meet them in a back-to-school speech that critics feared would promote a political agenda.

Kraft shares sink after Cadbury rejects offer

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Kraft Foods Inc shares fell about 5 percent in heavy trading on Tuesday, a day after the giant U.S. food company went public with a $16.7 billion takeover bid for Cadbury PLC, which the British candy maker rejected.
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UPDATE 1-Sprint offers $100 credit to new Pre users

Sprint Nextel Corp hopes to lure customers from rival service providers with a special $100 service credit for new subscribers who buy Palm Inc's Pre, essentially giving the device a 50 percent price cut a few months after it started selling the phone.
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Oil posts biggest gain since July

Oil prices on Tuesday posted their biggest gain since the end of July as the dollar weakened and investors quenched a growing thirst for tangible commodities to hedge inflation.
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GM board meets, Germany presses for Opel deal

The board of General Motors Co met in Detroit on Tuesday as the German government stepped up pressure on the automaker to clarify its long-term plans for its European Opel operations.
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9 Excellent Stops Along the Pan American Highway

After our fourth child was born, my husband and I got this crazy notion to move to Costa Rica. We had talked about living abroad sometime in our life, and though my husband had lived in Peru for two years before we were married,
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Momentum ushers gold above $1,000/oz

Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
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Wall Street rises with commodities, M&A hopes

Stocks climbed on Tuesday as natural resource shares rose alongside commodities and Kraft's bid for Cadbury buoyed hopes that more merger and acquisition activity was on the horizon.
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GM board to review Opel options as pressure mounts

The board of General Motors Co convenes in Detroit this week for the second time since the automaker emerged from bankruptcy under mounting pressure to reach a deal on the future of its Opel business.
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Honda sticks to fuel-cell car target

Honda Motor Co will maintain the target for lease sales of its newest fuel-cell car after over a year since its launch despite the challenge of boosting productivity, the model's chief engineer said.
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UBS must work hard to rebuild reputation-CEO

UBS has put some of its worst problems behind it but still needs to work hard to rebuild its badly damaged reputation, the Swiss bank's chief executive told employees in an internal memo on Tuesday.
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Roche taps new pharma head after Genentech buy

Roche Holding AG named the architect of its integration with Genentech to head its drugs business, closing a $47 billion buyout that sets the U.S. biotech at the heart of the Swiss group's growth plans.
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Oil rises above $70 as dollar takes a beating

Oil traded higher on Tuesday by nearly $3 at one point as investors quenched a growing risk appetite for tangible commodities against the background of a weakening dollar and the looming prospect of inflation.
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Airbus, Boeing trade blows after WTO edict

Airbus on Tuesday rejected U.S. calls to renounce government loans for its next airliner after the WTO gave a preliminary ruling against earlier loans, while a Boeing executive hit out at unfair subsidies.
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Hariri may bow out as Lebanon opposition snubs offer

Lebanon's opposition groups formally informed the president on Tuesday of their rejection of a proposed government line-up by prime minister-designate Saad al-Hariri, raising the possibility that Hariri will step aside.
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Afghan vote watchdog finds fraud, orders recounts

Afghanistan's U.N.-appointed election watchdog said on Tuesday it had found clear and convincing evidence of fraud in last month's presidential election and ordered a recount of suspicious returns.
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China August car sales surge, set for 2009 record

China's passenger cars sales in August rose 90.18 percent from a year earlier, the China Association of Automobile Manufacturers said on Tuesday, paving the way for record sales for the full year.

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