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German govt focused on Magna's Opel bid: report

German Chancellor Angela Merkel said her government is committed to its negotiating stance over carmaker Opel, which has strongly favored auto parts maker Magna's bid, a newspaper reported.

Oil rebounds towards $73 on U.S. economic optimism

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Oil climbed toward $73 on Friday after snapping a two-day fall a day ago from 10-month highs, boosted by better-than-expected GDP and jobs data in the United States that signal the economic recovery is on track.

Bernanke was victim of identity fraud: report

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Federal Reserve chief Ben Bernanke was among hundreds of victims of an identity fraud ring that stole more than $2.1 million from consumers and financial institutions across the United States, Newsweek magazine reported on its website.
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Oil rebounds above $72 on U.S. economic optimism

Oil rose further above $72 on Friday after snapping a two-day fall from 10-month highs a day ago, boosted by better-than-expected GDP and jobs data in the United States that signal the economic recovery is on track.
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OzForex Daily Commentary - 28 August 2009

Despite more strong local economic data in the form of CAPEX yesterday the Aussie dollar struggled during the majority of the Asian session drifting lower from the days open around 0.8280 to exchange as low as 0.8240.
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Time Warner Cable, Verizon to test TV on the Web

Two more U.S. pay-TV providers, Time Warner Cable Inc and Verizon Communications Inc, plan to test systems to offer shows on the Web to paying customers in a bid to protect their subscription revenue.
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Stanford hospitalized as CFO pleads guilty to fraud

Accused swindler Allen Stanford was hospitalized with a high pulse rate on Thursday, hours before he was to appear at a court hearing where his former top aide entered the first guilty plea in a $7 billion fraud case.
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Bucharest boos Madonna for defending Gypsies (VIDEO)

Madonna on stage in Bucharest, Romania condemned the widespread discrimination that exists in Eastern Europe against the Gypsy people – prompting mixed reactions from 60,000 crowed with many responding with jeers.
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Daily Wrap Up - August 27 Tech

Dell Inc.'s second-quarter profit was plunged 23 percent as the personal-computer industry's slump dragged on this summer. Dell said it earned $472 million, or 24 cents a share, on revenue of $12.76 billion.
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Chrysler renews search for China partner: sources

Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said.
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Nissan, Chrysler drop product-based tie-up

Nissan Motor Co Ltd (7201.T) and Chrysler Group LLC said on Wednesday they have abandoned vehicle-supply projects announced last year that would have provided Nissan with a Chrysler-produced pickup truck.
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U.S. mortgage rates rise slightly: Freddie Mac

U.S. mortgage rates rose slightly in the latest week but still remained at historically low levels that should spur home loan demand and help the hard-hit U.S. housing market recover.
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Gates to tour Lockheed F-35 fighter plant

U.S. Defense Secretary Robert Gates will visit a Lockheed Martin Corp production plant for the F-35 fighter aircraft, the Pentagon's costliest arms purchase program, and an L-3 aircraft facility, highlighting their importance to the U.S. Defense Department, a Pentagon spokesman said on Thursday.
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U.S. dollar bulls may be hobbled by economy

The U.S. economy has been improving, and dollar investors are starting to take notice. But punters who bet on more greenback gains from stronger U.S. economic data and interest rate hikes could be disappointed.
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Connecticut to scrutinize UBS clients on taxes

Connecticut Attorney General Richard Blumenthal is investigating whether any state residents were among the thousands of U.S. customers of Swiss bank UBS AG who may have evaded income taxes.
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Opel liquid to about January: German official

Opel has the liquidity to operate until next year, a senior German government official said on Thursday as a rift appeared to develop in the ruling party over whether the General Motors Co unit should be sold to Canada's Magna International (MGa.TO).
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Moody's reviews Sallie Mae for possible downgrade

NEW YORK - Moody's Investors Service is reviewing debt of Sallie Mae (SLM.N), the largest U.S. student loan provider, for a possible ratings downgrade due to concerns about future earnings and cash flow, the rating firm said on Thursday.
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Celebrity mugshots

Actress Lindsay Lohan is pictured in this police booking photograph released July 24, 2007. California officials, on August 23, 2007, charged Lohan with seven misdemeanor counts of cocaine possession, drunken driving and reckless driving stemming from two arrests.

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