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Rep. Frank seeks compromise on Fed audit bill

Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, hopes to craft a compromise bill with lawmakers who want to open Federal Reserve monetary policy decisions to audits, a spokesman for Frank said on Saturday.

Obama hails Kennedy as greatest legislator

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President Barack Obama hailed Senator Edward Kennedy as the greatest legislator of our time at the funeral on Saturday of the towering politician and patriarch of the pre-eminent American political dynasty.
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Lockerbie bomber says backs call for inquiry

The man convicted of the Lockerbie bombing that killed 270 people said he would cooperate with a fresh public inquiry and provide documents he has, a newspaper reported on Saturday.
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Japan election pledges and how the main parties differ

Polls show the main opposition Democratic Party of Japan (DPJ), which has vowed to put more money in the hands of households, looks poised for a huge win over the ruling Liberal Democratic Party (LDP) in Sunday's election.
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Washington converges on Boston for Kennedy funeral

U.S. presidents, members of Congress and the public gathered on a rainy Saturday to say goodbye to Senator Edward Kennedy, a towering figure in American politics who contributed to major social changes of the last 50 years.
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US bank regulators close Affinity Bank

U.S. bank regulators closed Affinity Bank of Ventura, California on Friday, the 84th U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions.
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U.S. bank regulators closed Mainstreet Bank

U.S. bank regulators closed Mainstreet Bank of Forest Lake, Minnesota, on Friday, the 83rd U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions.
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AIG paused auction of aircraft leasing firm - source

Insurance giant American International Group has paused the auction of its aircraft leasing firm, International Lease Finance Corp. (ILFC), as its new CEO reviews the divestiture process, a source familiar with the situation said on Friday.
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Whirlpool to shut U.S. plant, cut about 1,100 jobs

Whirlpool Corp plans to shut a plant in Evansville, Indiana and move some production to Mexico next year, a change that will eliminate about 1.6 percent of the world's biggest appliance maker's workforce.
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Ford Fusion sees more U.S. sales growth in August

Ford Motor Co's mid-size 2010 Fusion in August has set a monthly sales record for the model for a fifth consecutive month and average transaction prices have been increasing, Ford said on Friday.
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Muse poised for global

A lead single about a proletarian revolt against the global banking crisis. A teaser campaign involving a worldwide musical treasure hunt. And an album that ends with a three-part, fully orchestrated symphony about an alternative theory of the creation of mankind. Is Muse the only young, stadium-filling rock band that could get away with this?
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Kany Garcia finds promo partners

With the face of an ingenue and the lyrical bite of a social commentator, Kany Garcia debuted in 2007 as part of a new crop of Latin female singer-songwriters.
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Qatar wants to be largest Songbird shareholder

Qatar Holding LLC aims to become the largest shareholder in Songbird Estates -- owner of much of London's Canary Wharf office complex -- the investment arm of the Qatari wealth fund said late on Friday.
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Spanish album an unexpected

Nelly Furtado's first Spanish-language album is a mixture of design and circumstance, as so many grand plans often are.
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Judge puts Fed's bailout revelations on hold

The U.S. Federal Reserve won a delay of a federal judge's order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received.

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