UNITED STATES

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U.S. services decline slows, but jobs still languish

The U.S. service sector was still shrinking last month but at a slowing pace, with activity at the highest since September 2008, when Lehman Brothers' collapse exacerbated the global financial crisis, a report showed on Monday.

Judge approves sale of GM assets

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A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.
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Microsoft turns up heat on Google

In the search engine area, Google has reined king for most of recently memory but new moves from Microsoft and its Bing search engine is heating up competition.
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Suspected North Korea weapons ship heads home

A North Korean ship tracked by the U.S. Navy on suspicion of carrying a banned arms cargo is expected to return home on Monday after a voyage that tested U.N. sanctions aimed at punishing Pyongyang for its May nuclear test.
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Khamenei warns West not to interfere in Iran

Iran's Supreme Leader Ayatollah Ali Khamenei warned Western countries on Monday against interfering in Iranian affairs after its disputed presidential election, state television reported.
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Obama arrives in Russia, confident of progress

President Barack Obama, opening a visit to Russia intended to mend strained relations, said on Monday he was confident of extraordinary progress if both sides worked hard together during his trip.
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Honduras blocks ousted leader's return

Honduras blocked ousted President Manuel Zelaya's return from exile on Sunday and the country faces growing international isolation for staging Central America's first military coup since the Cold War.
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Wall Street set to fall on recovery caution, oil

Wall Street was poised to fall nearly 1 percent at the open on Monday, weighed by worries about the potential strength and timing of an economic recovery as a slump in oil prices was set to pressure energy shares.
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Lawyers set to square off over Michael Jackson estate

Lawyers for Michael Jackson and his family on Sunday prepared to square off in a courtroom hearing over control of the singer's estate as media reports mounted about powerful drugs that may have contributed to his death.
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Oil falls to around $64 a barrel

Oil fell to around $64 a barrel on Monday and touched a five-week low, pressured by doubts over the prospects for a global economic recovery.
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China officials call for displacing dollar, in time

The financial crisis has laid bare defects in the dollar-led global economy and the world should look to displace the U.S. currency, even if that will take many years, Chinese officials said in comments published on Monday.
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Stock futures signal losses as oil tumbles

Stock futures pointed to a lower open on Wall Street on Monday following a long weekend, as oil tumbled nearly $3 a barrel on mounting doubts over a quick economic recovery.
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Asia stocks slip as safety favored

Markets got off to a hesitant start Monday as investor doubts on the staying power of a global recovery kept Asian stocks soggy and currencies subdued ahead of a much-expanded Group of Eight meeting this week.
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Caution rules on world economy before G8

Markets got off to a hesitant start Monday as investor doubts on the staying power of a global recovery kept Asian stocks soggy and currencies subdued ahead of a much-expanded Group of Eight meeting this week.
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Judge approves plan to sell GM assets

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale, in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.
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Judge approves GM assets sale

A U.S. judge on Sunday approved General Motors Corp's bankruptcy sale, in a move that will allow the company's most profitable assets to exit bankruptcy protection under government ownership.

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