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Geithner eyes existing authority in reform plan

Treasury Secretary Timothy Geithner said on Thursday that he will submit to Congress legislative language on a new consumer protection agency in the next few days, but is also working on regulatory reform plans that use existing authorities.

Kimberly-Clark to cut about 1,600 jobs

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Kimberly-Clark Corp said on Thursday that it would cut about 1,600 salaried jobs, or roughly 3 percent of its workforce, as it tries to trim costs and respond faster to rivals and store brands.

Oil rises towards $70 on Nigeria attack

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Oil prices rose more than a dollar to near $70 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.
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Allen Stanford in courtroom seeking bail

After spending a week in jail, Texas financier Allen Stanford sat in a Houston courtroom on Thursday waiting to face a U.S. judge who will decide whether he must remain behind bars while he awaits trial for an alleged $7 billion swindle.
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U.S. airlines raise fares twice in two weeks

U.S. airlines raised fares for a second time in two weeks, a strong signal that the industry is nearing a bottom on ticket prices, according to FareCompare.com, a site that compares prices for flights.
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Microsoft to cut prices on Windows 7

Microsoft Corp is to sell the standard home-user version of its new Windows 7 operating system for 8 percent less than the comparable version of its Vista system, as the global downturn hits spending on technology.
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York Pharma in fresh merger talks - source

British skincare specialist York Pharma is in fresh merger talks with a British company following end of its discussions with Uluru, a source familiar with the company's thinking said on Thursday.
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Ahmadinejad tells Obama not to interfere in Iran

President Mahmoud Ahmadinejad called on Barack Obama on Thursday not to interfere in Iran's internal affairs after the U.S. president said he was appalled and outraged by post-election violence in the Islamic state.
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Live on Television: U.S. politicians confess sins

With a tearful admission and groveling apologies, South Carolina Gov. Mark Sanford on Wednesday became the latest member of a fast-growing club of U.S. politicians -- the penitent sexual wanderers.
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Allen Stanford to seek bail in Houston on Thursday

After spending a week in jail, Texas financier Allen Stanford on Thursday will face a U.S. judge who will decide whether the he must remain behind bars while he awaits trial for an alleged $7 billion swindle.
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Ahmadinejad compares Obama to Bush

President Mahmoud Ahmadinejad accused Barack Obama on Thursday of behaving like his predecessor toward Iran and said there was not much point in talking to Washington unless the U.S. president apologized.
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Total may invite Gazprom to join Africa projects

France's Total is ready to invite Russia's Gazprom to join its projects in Africa and elsewhere, the head of Total's Russia unit said on Thursday, a day after striking a major Russian gas deal. We are very open to discussing with a company like Gazprom to have developments abroad including, of course, in Africa, Pierre Nergararyan, general director of Total E&P Russie, told reporters on Thursday.
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Health games become serious business

Videogames were once blamed for rising obesity rates but are now being championed by the medical industry and for use by government departments for their health benefits.
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Oil rises above $69 on Nigeria attack

Oil rose above $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.
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Jobless claims deflate labor rebound hopes

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.
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U.S. jobless claims rose 15,000 in latest week

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.
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Stock futures slide after jobless data

Stock index futures fell on Thursday after government data showed the number of workers filing new claims for jobless benefits unexpectedly rose last week.
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Britain says facing growing cyber security threat

Britain warned on Thursday of a growing risk to military and business secrets from computer spies and pledged to toughen cyber security to protect the 50 billion pounds ($82 billion) spent a year online in its economy.
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Opposition to cap-and-trade grows in U.S.

Three-quarters of Americans believe the U.S. government should regulate the release of greenhouse gases from cars and factories to reduce global warming, according to a Washington Post-ABC News poll.
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Oil rises to $69 on Nigeria attack

Oil rose above $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.
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Lennar loss wider than estimates

U.S. homebuilder Lennar Corp posted a wider-than-expected quarterly loss, weighed by falling home deliveries and average home prices, even as the housing market experienced an uptick in new home sales.
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Sprint not to face class-action lawsuit

A U.S. district judge ruled that Sprint Nextel Corp will not face a nationwide class-action lawsuit that claims the No. 3 U.S. mobile company overcharged customers for taxes and refused refunds, court documents show.

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