UNITED STATES

BofA to settle Merrill lawsuit for $150 million

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Bank of America Corp has agreed to pay $150 million to settle a class-action lawsuit accusing the former Merrill Lynch & Co of misleading investors in connection with the sale of bonds and preferred stock, court records show.
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Venezuelan wins sixth Miss Universe crown

Venezuelan Stefania Fernandez, an 18-year-old brunette, won the Miss Universe 2009 title on Sunday, giving her South American country its second consecutive win and its sixth title in the beauty pageant.
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Climate bill could slash U.S. fuel output: study

U.S. oil refiners could cut output by as much as 25 percent and the nation's reliance on imported refined products could double in the next two decades if the House version of a climate bill becomes law, the American Petroleum Institute said on Monday.
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Oil sets 10-month high on recovery hopes

Oil prices rallied to a 10-month high near $75 a barrel on Monday, part of a broad global rally in commodities and equities markets propelled by expectations for an economic recovery.
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Reader's Digest U.S. units file for bankruptcy

NEW YORK (Reuters Life!) - The U.S. units of media company Reader's Digest Association Inc filed for bankruptcy, marking a new chapter for the 87-year-old magazine as it carries out a plan to cut its debt and transfer ownership to a group of lenders.
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Facebook to boost staff by 50% in 2009: report

Online social networking site Facebook is looking to expand its staff by as much as 50 percent this year, its chief executive Mark Zuckerberg told Bloomberg news agency in an interview dated August 20.
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Financials, energy lead Wall Street higher

Stocks rose to 10-month highs on Monday, extending last week's gains as investors became even more optimistic about signs that major world economies were emerging from recession.
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Roubini warns of double-dip recession: report

Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a big risk of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday.
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Financials, energy lead Wall St higher

Stocks rose to 10-month highs on Monday, extending last week's gains as investors became even more optimistic about signs that major world economies were emerging from recession.
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Volkswagen Mexico reaches deal to end strike

Volkswagen AG (VOWG.DE) agreed on Saturday to give workers at its plant in Mexico a small raise, clearing the way to end a strike in an industry already hurt by the U.S. recession.
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Iran says cooperating with IAEA, West skeptical

Iran will continue to cooperate with the U.N. nuclear watchdog, the Foreign Ministry said on Monday, apparently confirming Tehran had given inspectors access to a reactor under construction after barring visits for a year.
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Israel PM expects no breakthroughs in London talks

Israeli Prime Minister Benjamin Netanyahu expects no breakthroughs at a meeting this week with a U.S. peace envoy, but hopes talks with the Palestinians can resume within two months, a spokesman said on Monday.
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U.S. presses sanctions to end N.Korea atomic plans

A U.S. official charged with enforcing U.N. sanctions on North Korea sought South Korea's continued support during talks on Monday even as Pyongyang makes conciliatory moves after months of military grandstanding.
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U.N. urges calm in wait for Afghan poll result

The United Nations special envoy to Afghanistan urged candidates and voters on Monday to remain patient while complaints surrounding last week's disputed presidential election are being considered.
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Toyota to make largest auto recall in China

Toyota Motor Corp will recall 688,314 Camry and other sedans made at its two China joint ventures from Tuesday, its largest recall in the country, to fix a faulty electric switch to the window.
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Honda to unveil electric car in US by 2015-Nikkei

Honda Motor Co Ltd (7267.T) plans to develop an electric car to debut in the U.S. market by around 2015 as tighter environmental regulations push demand for zero-emission vehicles, the Nikkei newspaper said on Saturday.

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