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Obama unveils measures to spur retirement saving

U.S. President Barack Obama announced new measures on Saturday to encourage Americans to save more money for retirement, a move the White House said would put the economy on a stronger footing in the future.

G20 warms to tough U.S. bank plan

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G20 finance leaders sketched out plans on Saturday that would force conservative rules on banks to curb risky lending blamed for triggering the financial crisis.

G20 united on stimulus, divided on bank reform

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The world cannot be complacent about economic recovery and will need to keep emergency stimulus packages in place well into next year, British Prime Minister Gordon Brown said on Saturday.
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Five banks closed by U.S. regulators

Bank regulators closed four Midwestern banks and one in Arizona on Friday, bringing to 89 the number of U.S. banks to fail this year as deteriorating loans continue to take their toll on financial institutions.
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WTO says Airbus loans illegal: U.S. lawmakers

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.
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Job losses slow; jobless rate at 26-year high

U.S. job losses fell to their lowest level in a year last month, but the unemployment rate jumped to a 26-year high, painting a mixed picture of an economic recovery hindered by weakness in the labor market.
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Solyndra starts 2nd solar panel plant construction

California solar company Solyndra Inc said on Friday that it started construction on its second solar panel manufacturing plant, putting into action the first loan guarantee awarded under a long-delayed U.S. program for advanced clean energy.
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Fidelity proxy votes against management on rise

New data from the Boston mutual fund giant shows a rise in how often it voted against management proposals in the just-concluded proxy season. It also opposed company pay plans and the election of company directors more frequently.
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WTO says Airbus loans illegal : U.S. lawmakers

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.
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Stocks end up after jobs data

U.S. stocks ended higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, even though the unemployment rate hit a 26-year high.
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U.S. natgas rig count climbs for a seventh week

The number of rigs drilling for natural gas in the United States rose two this week to 701, the seventh straight weekly gain after sinking in mid-July to the lowest level in more than seven years, according to a report on Friday by Baker Hughes in Houston.
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Widen global warming fight beyond CO2: U.N.

The world should widen a fight against global warming by curbing a string of pollutants other than carbon dioxide, the main greenhouse gas, the U.N. Environment Programme said on Friday.
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WTO did not rule Airbus aid illegal: EU sources

Comments that the World Trade Organization on Friday backed a U.S. complaint against European Union aid to plane maker Airbus are wrong and misleading, EU sources with knowledge of the WTO ruling said.
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WTO rules Airbus loans illegal subsidy: source

The World Trade Organization ruled on Friday that billions of dollars in European loans to help Airbus develop civilian aircraft are an illegal subsidy under world trade rules, a person familiar with case said.

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