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Earnings, economy worries shake investors

World stocks fell on Monday, with particularly heavy losses in emerging markets, as investors fretted about a coming wave of corporate earnings and confidence in a rapid global economic recovery faded.

Japan's Suntory considering merge with Kirin

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Japanese brewer Suntory Holdings Ltd said on Monday it was considering a merger with larger rival Kirin Holdings Co in a deal that would create one of the world's largest beverage and food firms.
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Nikkei down for ninth day, oil steadies at $60

Japan's Nikkei fell for a ninth straight day on Monday as concerns about company earnings outlooks weighed on Asian stocks, while oil languished near a six-week low as faith in a rapid economic recovery faded.
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LG launches app store, initial focus on Asia

LG Electronics Inc, the world's No. 3 handset maker, is launching an online store for mobile phone applications Tuesday with an initial focus on Asia and aspirations for a more global reach by year-end.
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Lawmakers reject tax to pay for health reform

U.S. lawmakers on Sunday criticized a plan to raise taxes on the wealthy to pay for a $1 trillion healthcare overhaul and warned Congress was unlikely to meet President Barack Obama's goal of passing the measure by August.
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Japan's Kirin and Suntory in merger talks: Nikkei

Japanese brewer Kirin Holdings Co and smaller unlisted rival Suntory Holdings Ltd are in talks to merge and create one of the world's largest beverage and food firms, the Nikkei business daily reported on Monday.
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Weather forces NASA to postpone shuttle launch

Heavy clouds near the Kennedy Space Center forced NASA to call off Sunday's launch of the space shuttle Endeavour on a mission to deliver a Japanese-built porch to the International Space Station.
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Bruno fashions top spot at U.S. box office

Bruno, British satirist Sacha Baron Cohen's latest subversive outing, narrowly claimed the No. 1 spot at the weekend box office in North America, according to studio estimates issued on Sunday.
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U.S. officials to prod China on climate change

U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke visit their ancestral homeland this week to press China to join with the United States in stepped-up efforts to fight global warming.
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U.S., UBS seek court delay; may settle tax fight

The U.S. government and UBS AG asked a federal judge on Sunday to delay the start of a closely-watched trial, as they seek to resolve their dispute over U.S. demands for the identities of thousands of wealthy Americans suspected of using the Swiss bank to dodge taxes.
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U.S. top prosecutor considering torture investigation

U.S. Attorney General Eric Holder is considering whether to appoint a criminal prosecutor to investigate the Bush administration's interrogation practices involving the CIA, and is expected to make a decision in a few weeks, a Justice Department official said on Sunday.
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Settlement sought in U.S. tax fight with UBS

The U.S. government and UBS AG asked a federal judge on Sunday to delay the start of a closely-watched trial, as they seek to resolve their dispute over U.S. demands for the identities of thousands of wealthy Americans suspected of using the Swiss bank to dodge taxes.
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U.S. and UBS seek delay in closely-watched trial

The U.S. government and UBS AG asked a federal judge on Sunday to delay the opening of a closely-watched trial, as they seek to resolve their dispute over U.S. demands for the identities of thousands of wealthy Americans suspected of using the Swiss bank to dodge taxes.
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Geithner: Too soon to decide on more stimulus

U.S. Treasury Secretary Timothy Geithner said it was too soon to decide whether the U.S. economy would need the help of a second round of government stimulus to recover from recession.
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Journalists sentenced in North Korea are not in labor camp: report

The two American journalists who were detained and later convicted in North Korea have not been sent to a prison labor camp and are being kept at a guest house in Pyongyang, political scientist Han S. Park from the University of Georgia said on Saturday, according to the Associated Press.
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U.S. retailers continue struggle with employee theft

Walking the pharmacy aisle of a Target Corp discount store, shoppers can't miss the many anti-shoplifting measures: locked display cases, alarm cords around boxes of expensive merchandise, display hangers with locks on the end.

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