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U.S. FDIC eyes Citi top management shake-up: report

The Federal Deposit Insurance Corp is aiming at a shake-up of Citigroup Inc's top management, including replacing Chief Executive Vikram Pandit, the Wall Street Journal said, citing people familiar with the matter.

Stocks, oil rise ahead of U.S. jobs data

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World stocks rose toward this week's 7-1/2 month high on Friday as resource stocks rallied after oil prices surged past $69 a barrel and optimism grew about an improving U.S. labor market ahead of key jobs data.
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Obama seeks to change Muslim perceptions of U.S.

President Barack Obama sought to change Muslim perceptions of the United States on Thursday in a speech that urged Arabs and Israelis to declare in public the realities he said they accept in private.
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U.S. to impose financial sanctions on North Korea: report

The United States has told South Korea it is preparing financial measures to punish North Korea for illicit weapons trade and counterfeit activities in the wake of its nuclear test last week, a newspaper report said on Friday.
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Countrywide's Mozilo charged with fraud

Angelo Mozilo, who built the largest U.S. mortgage lender, was charged with securities fraud and insider trading on Thursday, making him the most prominent defendant in investigations into the U.S. subprime mortgage crisis and housing bust.
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U.S. Energy secretary: 'I am a Nerd'

Energy Secretary Steven Chu addressed the community of Harvard University on Thursday for a commencement speech humorously calling himself a nerd.
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Harvard University creates gay professorship role

Harvard University is creating an endowed professorship in lesbian, gay, bisexual and transsexual studies, the first of its kind in the United States and reflecting a rise in sex-related academia nationwide.
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Botnet, spam provider unplugged at FTC's request

An Internet service provider with links to Eastern Europe has been unplugged after it was suspected of being behind computer intrusions at NASA and sending massive amounts of malicious spam, the Federal Trade Commission said on Thursday.
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As swine flu wanes, U.S. preparing for second wave

The outbreak of the new H1N1 flu virus has begun to wane with the start of summer in North America, and U.S. health officials said on Thursday they are looking to lessons learned as they prepare for its return in the autumn.
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Pigs an underestimated source of flu: study

Global health officials underestimated the risk that pig herds might be a source of new influenza strains, choosing instead to focus on the threat of bird flu, researchers in Mexico said on Thursday.
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Obama cranks up financial reform drive

The Obama administration stepped up its push for tougher bank and financial firm rules on Thursday, scheduling a briefing for lobbyists, with a focus on insurance oversight, and sending a top regulator to a Senate hearing to discuss plans for regulating derivatives markets.
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Financials, surging commodities lift Wall Street

Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.
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CFTC asks authority over OTC market, dealers

The U.S. regulator of the futures industry proposed a package of reforms for the first comprehensive regulation of over-the-counter derivatives and the dealers who handle the exotic instruments on Thursday.
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Chrysler sale heads to appeals court on Friday

A U.S. federal appeals court on Friday will hear arguments that Chrysler LLC's sale to a group including Italian carmaker Fiat SpA and the U.S. government violates long-standing bankruptcy law and should not be allowed to go forward.
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Tata to sell Nano cars worldwide

Mumbai-based automaker Tata Motors on Thursday said it plans to expand its smallest car to new markets, including America and to its neighboring markets in Asia.
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Toyota bets on Hybrids

Toyota Motor Corp. may bet strongly on the hybrid vehicle market in the coming decade after an executive of the firm discarded the idea that electric vehicles can become mainstream for some time unless a
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Xcel files energy conservation/solar plan in Minn

Xcel Energy Inc would offer incentives for Minnesota customers who take steps to conserve energy, which could include installation of solar panels on homes and businesses, under a $280 million plan filed this week with regulators, the state's biggest power company said on Thursday.

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