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Ahmadinejad's rivals defiant on Iran vote

Two losing contenders in Iran's presidential election denounced the result on Wednesday in clear defiance of Supreme Leader Ayatollah Ali Khamenei, saying Mahmoud Ahmadinejad's next cabinet would be illegitimate.

China's Web filtering starts in the West

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The Chinese government has backed away from mandating filtering software on all personal computers in China, in a move that averts a dangerous escalation in its censorship powers.
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Wall St rises on recovery hope; jobs data eyed

Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery.
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Finding nuggets of positivity amid Toyota's forgettable June sales

Picking through Toyota's suffering U.S. sales performance in June, observers find many well known brands which have suffered at the hands of a down economy but nuggets of positivity in the carmaker's lineup will reveal gains for its Lexus RX sports utility vehicle, Prius hybrid and RAV4, a small SUV.
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Pimco: Consumer greed hibernating, fear rules

Bill Gross, the influential investor who runs top bond fund Pimco, said on Wednesday that greed will eventually become the norm again for consumers and investors, but fear continues to rule for now -- a mindset that will result in subdued U.S. economic growth for some time.
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June auto sales tumble, Ford takes share

U.S. auto sales tumbled in June as the economy remained a deep concern for consumers, but Ford Motor Co posted far better results than other large automakers and shot ahead of Detroit rivals passing through federally sponsored bankruptcies.
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Market leaps into Q3 on recovery bets, General Mills

Stocks rose on Wednesday, the first day of the third quarter, as investors took reassuring manufacturing data from China, Europe and the United States as signaling the world's economy is on the road to recovery.
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June auto sales show stability

Major automakers posted better U.S. auto sales for June than in recent months on Wednesday, led by Ford Motor Co as results pointed to signs of some stabilizing in the hard-hit industry.
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Wall Street rises on recovery bets, General Mills

Stocks rose on Wednesday, the first day of the third quarter, as investors took reassuring manufacturing data from China, Europe and the United States as a fresh signal that the world's economy is on the road to recovery.
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GM seeks sale approval, official sees IPO in 2010

If General Motors wins court approval for its asset sale this week, a New GM could be ready to make an initial public offering in 2010, a U.S. Treasury official testified in U.S. bankruptcy court on Wednesday.
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Russians cool towards Obama visit

Adoring fans have flocked to see him on visits around the world, but Barack Obama should expect a far cooler reception in Russia next week.
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June auto sales show stability, led by Ford

Major automakers posted better U.S. auto sales for June than in recent months on Wednesday, led by Ford Motor Co as results pointed to signs of some stabilizing in the hard-hit industry.
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American adults getting fatter

Obesity rates continued to climb in the past year with 23 U.S. states reporting adults in their states are fatter now than they were a year ago, two advocacy groups said on Wednesday.
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Farrah Fawcett funeral photos

Family and friends of actress Farrah Fawcett, who died last week at age 62 gathered on Tuesday at the Catholic Cathedral of Our Lady of the Angels in downtown Los Angeles to hold a private funeral.
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Teens' idea of death risk linked with behavior

A sizable minority of adolescents believe they are likely to die at a young age, and this perception is a powerful predictor of involvement in high risk behaviors and poor health outcomes, according to a report in the journal Pediatrics.

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