UNITED STATES

Fed can promise low rates, low inflation: Kohn

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U.S. Federal Reserve Vice Chairman Donald Kohn said on Saturday there is no inconsistency between the Fed's pledge to keep interest rates low for an extended period while also keeping inflation low.
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Arctic Monkeys lean toward darker rock on 'Humbug'

New York's heat and humidity are going through the roof as singer/guitarist Alex Turner and drummer Matt Helders hunker down to face the media at an Italian eatery in the heart of the Meatpacking District, but that's not about to stop them from ordering hot tea. No wonder Arctic Monkeys' label boss calls them
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Josh Zetumer has signed on to pen the fourth installment of the
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CFTC moves to rein in small ETF investors: report

Exchange-traded funds or ETFs have become a top target in U.S. regulators' efforts to rein in excessive speculation in oil and other commodity markets, The Wall Street Journal reported on Saturday.
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AutoNation ends cash for clunker sales early: report

AutoNation Inc, the largest U.S. chain of auto dealers, decided to end its cash for clunkers rebates as of Friday night, three days ahead of the government's Monday deadline, The Wall Street Journal reported.
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German politicians blast GM for delaying Opel deal

German politicians reacted angrily on Saturday to the failure of carmaker General Motors to choose a buyer for its German unit Opel, prompting an appeal to the United States government to help broker a solution.
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Obama to visit China mid-November

President Barack Obama will visit China in mid-November, the new United States ambassador to Beijing said on Saturday, setting a date for a big summit likely to tackle the global economy, North Korea and climate change.
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Bill brushes Bermuda, on path off U.S. East Coast

Hurricane Bill doused Bermuda with rain and battered its shores with powerful surf on Saturday as it moved on a path off the U.S. East Coast, where a tropical storm warning was issued for coastal Massachusetts.
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Obama again tackles myths on healthcare reform

President Barack Obama hammered away at outrageous myths about his healthcare reform plans on Saturday, seeking again to take control of a debate that has tarnished support for his top domestic policy goal.
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Afghan election fair, but not free: EU

Afghanistan's presidential election was generally fair but not entirely free because of Taliban intimidation and violence that kept turnout low in the south, European monitors said on Saturday.
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Gaddafi hugs Lockerbie bomber; Britain denies deal

Libyan leader Muammar Gaddafi hugged the convicted Lockerbie bomber and promised more cooperation with Britain in gratitude for his release, while London and Washington condemned his hero's welcome home.
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Obama to raise 10-year deficit to $9 trillion

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.
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Jackson burial postponed, judge approves exhibition

Michael Jackson's family on Friday delayed his burial by five days as a judge ruled that a touring show of his memorabilia could go on and police raided another pharmacy in their ongoing probe of his sudden death.
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Philly mayor unveils worst service cuts since 1951

Mayor Michael Nutter detailed on Thursday what he said will be the deepest cuts in public services for more than half a century, needed to balance the fiscal 2010 budget and the city's financial plan for the next five years.
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Fed and ECB eye recovery

U.S. Federal Reserve Chairman Ben Bernanke and other central bankers said on Friday the worst global recession in 70 years was nearing a close but warned it would be a long, slow climb back to normal growth.
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Auto dealers ask for extension on Clunker submissions

U.S. auto dealers are asking the government to extend the deadline for submissions for its Cash for Clunkers program to August 31, citing computer problems that are delaying the entry of applications into the system.
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Dow Jones exploring sale of indexes business: report

Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock market index business, including the Dow Jones industrial average , the company's Wall Street Journal reported on its website.
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Guaranty Bank shuttered, assets sold to BBVA

U.S. regulators on Friday closed Texas lender Guaranty Bank and sold its assets to Banco Bilbao Vizcaya Argentaria , allowing Spain's second-largest bank to expand its reach in the U.S. market.

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