UNITED STATES

Geothermal firm Magma Energy in C$100 mln IPO

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Canada's Magma Energy Corp, a geothermal power company active in the western United States and South America, has raised C$100 million ($87 million) in an initial public offering taken up by investors around the world, sources close to the deal told Reuters.

Celebrities on Michael Jackson, in their words

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Celebrities mourned the death and celebrated the life of pop star Michael Jackson who died on Thursday after going into cardiac arrest. The following are released statements released by them through their websites or from media reports.
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Doctor flees Iran over Neda killing: report

One person captured on Internet videos helping Neda, the young Iranian woman killed last week who has become an icon of the protests, was identified by a British newspaper on Friday as a doctor who has since fled Iran.
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Obama, Germany's Merkel to air differences at meeting

U.S. President Barack Obama and German Chancellor Angela Merkel will debate how to fix the global economy and fight climate change on Friday in a White House meeting that is likely to highlight a range of differences between the two leaders.
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Consumer sentiment rises in June: survey

U.S. consumer confidence rose in June to the highest since February 2008, as expectations grew that the worst economic recession since the Great Depression may be ending, a survey showed on Friday.
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German minister says Opel situation open-paper

German Economy Minister Karl-Theodor zu Guttenberg said in a newspaper interview on Friday that discussions about troubled car maker Opel remained open but that a solution needed to be found fast.
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Freddie Mac May portfolio shrank annualized 9.9 pct

Freddie Mac , the second-largest U.S. home funding company, on Friday said its mortgage investment portfolio shrank by an annualized 9.9 percent rate in May, while delinquencies on loans it guarantees accelerated.
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U.S. consumer spending rises 0.3 percent in May

U.S. consumer spending rose last month for the first time since February as government stimulus pushed incomes sharply higher, the Commerce Department said on Friday, supporting the view the economy was close to pulling out of recession.
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U.S. stock index futures signal dip

U.S. stock index futures pointed to a slightly lower open on Wall Street on Friday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures down 0.1 percent at 5:37 a.m. EDT.
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Oil ticks up above $70 after Nigeria attack report

Oil ticked up above $70 a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield and as equity markets rallied on perceptions the global recession was easing.
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Oil rises towards $71 after Nigerian attack report

Oil rose toward $71 a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield and as equity markets rallied on perceptions the global recession was easing.
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AEP sees carbon capture from coal ready by 2015

Technology to capture carbon emissions from coal-fired power plants and store them underground will be ready by 2015 and could be in wide use in the United States by 2020, according to the top executive at American Electric Power Co Inc.
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House Democrats push for Friday climate vote

The U.S. House of Representatives is poised to vote on Friday on one of the most significant environmental bills in history -- a sprawling measure that aims to wean industry off of carbon-emitting fuels blamed for global warming.
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Oil rises over $71 after Nigerian attack reports

Oil rose above $71 a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield and as equity markets rallied on optimism the global recession was easing.
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Oil rises to $71 after Nigerian attack reports

Oil rose to $71 a barrel on Friday after Nigerian rebels said they blew up a wellhead in a Royal Dutch Shell oilfield in the Delta state and as equity markets rallied on optimism the recession was easing.
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Oil rises towards $71 on Nigeria attacks, economy hopes

Oil climbed toward $71 a barrel on Friday, extending a 2 percent gain the day before, after rebel attacks on Nigerian oil facilities disrupted supply and equity markets rallied on optimism the global recession was ebbing.

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