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U.S. defense secretary to visit Israel: officials

U.S. Defense Secretary Robert Gates plans to visit Israel on July 27 for talks likely to focus on Iran's nuclear ambitions and U.S.-Israeli strategic ties, officials involved in planning the trip said on Sunday.

U.S. REITs seeking billions in IPOs, follow-ons

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Several large investment firms are creating new lending companies that plan to go public to raise billions of dollars to take advantage of the distress in the commercial real estate market, and more are on the horizon.
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White House sees GDP showing signs of progress

Second-quarter U.S. gross domestic product figures are likely to be better than the first quarter, showing some signs of improvements in the economy, White House Budget Director Peter Orszag said on Sunday.
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Court nominee Sotomayor wins over 3 Republicans

Three Republican senators said Friday they will back President Barack Obama's choice of Sonia Sotomayor to serve on the U.S. Supreme Court, setting the stage for a likely easy confirmation.
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Clinton meets Mumbai victims, serenaded by artisans

U.S. Secretary of State Hillary Clinton met survivors of the Mumbai attacks, talked climate change with Indian industrialists and was serenaded by village women as she visited India's financial capital on Saturday.
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Wall St group backs Obama broker standard proposal

A U.S. securities industry lobbying group said on Friday it supports a proposal by the Obama administration to hold brokers to a higher standard for protecting clients' interests when giving investment advice.
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More job cuts expected in U.S. defense sector

Big defense contractors could be poised to shed jobs as the Pentagon cuts traditional weapons spending, while smaller, niche companies may ramp up their hiring as the United States expands resources to protect ground troops and computer networks.
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U.S. ready for talks and sanctions for North Korea

The United States is ready to hold talks with North Korea if the conditions are right but will also press U.N. sanctions to punish Pyongyang for its nuclear and missile tests, a senior envoy for Asia said on Saturday.
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Obama tries to regain momentum in healthcare debate

President Barack Obama appealed to Americans on Saturday to back his ambitious revamp of the U.S. health care system, seeking to regain momentum amid growing worries among lawmakers over how to pay for it.
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US REITs seeking billions in IPOs, follow-ons

Several large investment firms are creating new lending companies that plan to go public to raise billions of dollars to take advantage of the distress in the commercial real estate market, and more are on the horizon.
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Globe Specialty Metals to be first IPO of Q3

Globe Specialty Metals Inc, a New York-based producer of silicon metal and silicon-based alloys, will price its estimated $112 million initial public offering on July 29, and begin trading on Nasdaq the following day, one of the IPO's underwriters said on Friday.
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Golden Gate Capital wins Eddie Bauer auction

Golden Gate Capital won an auction for Eddie Bauer Holdings Inc with a $286 million cash bid and agreed to keep open most of its 370 stores, the bankrupt outdoor apparel retailer said on Friday.
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Vale says not seeking to buy fertilizer assets

Brazilian mining company Vale, the world's top iron ore miner, said on Friday it is not seeking to buy fertilizer assets following rumors it was planning a bid for U.S.-based fertilizer company Mosaic.
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Continental's CEO shift stirs merger talk

The departure announced this week of Continental Airlines' CEO has spurred debate that the carrier could resume consolidation talks with new partner United Airlines, but the chance of a quick merger remains remote.
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Judge backs Univision in Televisa court case

Spanish language media company Univision Communications said on Friday a U.S. district court ruled in its favor in an Internet rights litigation case with rival Grupo Televisa.
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Movie studios try to harness Twitter effect

Audiences are voicing snap judgments on movies faster and to more people than ever before on Twitter, and their ability to create a box office hit or a flop is forcing major studios to revamp marketing campaigns.
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AIG files for shelf, shares drop 3.8 pct

American International Group Inc filed a shelf registration statement with U.S. regulators on Friday, giving it the capability to issue common or preferred stock in the future.
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House launches investigation into CIA program

The House Intelligence Committee said on Friday it was launching a formal investigation into the concealment of a secret CIA program from Congress that one senator said was withheld on orders from former Vice President Dick Cheney.

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