UNITED STATES

Oil rises towards $69 on Nigeria attack

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Oil rose toward $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.

U.S. urges China to scrap Internet filter plan

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China on Thursday stepped up accusations that Google is spreading obscene content, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers.
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Toyota's new boss warns of two more tough years

Toyota Motor Corp's new president, the grandson of the group's founder, warned on Thursday the auto industry faces another two tough years as he outlined his strategy to return the world's No.1 car company to profit.
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Oil edges up towards $69 on Nigeria pipeline raids

Oil rose toward $69 on Thursday, after Nigeria's main militant group raided a Royal Dutch Shell pipeline and disrupted a major export terminal, recouping losses caused by hefty builds in U.S. fuel stocks.
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Obama steps up push for healthcare reform this year

President Barack Obama stepped up pressure on Congress on Wednesday to pass healthcare reform this year, staging a daylong media blitz that ended with a televised town hall-style meeting at the White House to rally public support.
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U.S. renews sanctions against North Korea

President Barack Obama on Wednesday renewed sanctions against North Korea, declaring that its nuclear program posed a national security risk to the United States and a danger to the Korean Peninsula.
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Iran's opposition vows to go on challenging poll

Iran's reformist opposition leaders vowed to press on with legal challenges to an election they say was rigged, even as the hardline government appeared on Thursday to have largely crushed mass street protests.
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Lawmaker accuses Fed of cover-up in BofA deal

The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday.
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Asia stocks rally on steady Fed, merger activity

Asian stocks rallied for a second day on Thursday after the Federal Reserve reinforced that interest rates will be kept at a record low for a while, but Treasuries extended losses as the Fed shied away from boosting its debt purchases.
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Nike orders disappoint, shares fall

Nike Inc reported a worse-than-expected global decline in forward orders, especially in its European region, sending shares of the world's largest athletic shoe and clothing company down nearly 5 percent in extended trading on Wednesday.
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Fed holds policy steady, sees recession easing

The Federal Reserve on Wednesday stuck to its huge program of buying government and mortgage debt, which is designed to keep borrowing costs low and boost recovery, and said it saw signs that the deep U.S. recession was easing.
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Blogger Perez Hilton sues roadie after assault

Celebrity blogger Perez Hilton on Wednesday sued the road manager of the chart-topping hip-hop band the Black Eyed Peas for allegedly punching him in the face outside a Toronto nightclub at the weekend.
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Obama signs $106 bln bill for Iraq, Afghan wars

President Barack Obama on Wednesday signed into law a $106 billion measure to fulfill his plans to wind down the war in Iraq and ramp up operations in Afghanistan where fighting against militants is intensifying.
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Bed Bath & Beyond posts higher profit

Bed Bath & Beyond Inc on Wednesday reported an unexpected rise in quarterly profit as the retailer cut costs to offset slumping consumer demand for home furnishings, and its shares rose 6 percent.
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Netanyahu says hopes for US settlement understanding

Israeli Prime Minister Benjamin Netanyahu said on Wednesday he hoped to reach an understanding with Washington over Jewish settlements in the West Bank, but an Israeli official predicted the dispute would be hard to resolve.
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Nike orders disappoint, shares drop

Nike Inc reported a worse-than-expected global decline in forward orders sending shares of the world's largest athletic shoe and clothing company down 4.1 percent.

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