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Palm Pre gets thumbs up in media reviews

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The Pre smartphone from Palm Inc received mostly positive reviews and predictions it will be a tough competitor to Apple Inc's iPhone, sending Palm's shares up more than 10 percent.
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Fiat team goes to work at Chrysler as deal pends

A growing team of Fiat SpA executives and engineers has been working at Chrysler's Detroit-area headquarters this week, finalizing plans to cut costs and ready the Fiat 500 small car for the U.S. market, people with knowledge of the work said.
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Videogame industry prays for resilient 2009

Game publishers, in a rare moment of solidarity, joined forces on Wednesday to convey optimism for the future of their $30 billion industry despite spiraling consumer spending and a global economic downturn.
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Oil hits 7-month high as U.S. jobs data raises hopes

Oil prices rose more than 5 percent to a seven-month high above $69 a barrel on Thursday after U.S. data showed a drop in jobless claims, boosting expectations of an economic recovery that could revive ailing energy demand.
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Tiananmen knot still tied

China security has tightened Tiananmen Square with hundreds of police on Thursday to prevent any commemoration of the crackdown on pro-democracy protesters 20 years ago.
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Oil jumps nearly 5 percent on U.S. jobs data

Oil prices rose nearly 5 percent to a seven-month high above $69 a barrel on Thursday after U.S. data showed a fall in jobless claims, raising expectations of an economic recovery and increased demand for oil.
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United Airlines bucks trend with big plane order

United Airlines on Thursday said it has asked the two largest planemakers to bid on an order that could replace its widebody fleet, a move experts say could jump-start demand for new planes from embattled U.S. carriers as they wade through an economic recession.
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US mortgage rates surge to highest since Dec-Freddie Mac

Interest rates on U.S. 30-year fixed-rate mortgages surged 0.38 percentage point in the latest week, reaching its highest level since the week ending Dec. 11, 2008, according to a survey released on Thursday by home funding company Freddie Mac (FRE.N).
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U.S. jobless claims fell last week

The number of U.S. workers filing new claims for jobless benefits fell for a third straight week last week, government data showed on Thursday, indicating some loss of force in the pace of the labor market's deterioration.
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Fed's Pianalto sees recession starting to moderate

The steep decline in the U.S. economy has started to moderate, but a pending recovery is likely to be slow and marked by continued high unemployment, Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday.
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North Korea to hold trial for two U.S. journalists

North Korea will put on trial on Thursday two U.S. journalists it says illegally entered the country with hostile intent in a contentious case that comes as Pyongyang faces international anger for last week's nuclear test.
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China security tight in Tiananmen

China smothered Tiananmen Square with police on Thursday to prevent commemoration of the crackdown on pro-democracy protesters 20 years ago, as Washington demanded Beijing account for those killed.
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Obama seeks new beginning in ties with Muslims

President Barack Obama called for a new beginning in relations between the United States and the Muslim world Thursday, addressing grievances over the Arab-Israeli conflict, two U.S.-led wars and tensions over Iran.
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U.S. workers feel pain as jobless ranks grow

Jamie Laird had hoped to retire comfortably some day from the machinist's job he has held for 30 years, but his western Illinois manufacturing plant is closing and he now fears for his family's economic future.
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Obama Cairo Speech transcript

President Barack Obama called for a new beginning between the United States and Muslims Thursday, in a speech delivered at Cairo University.
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U.S. jobless claims fall, productivity rises

Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose at a stronger-than-expected pace in the first quarter, data showed on Thursday, supporting budding hope that the recession was losing force.
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United bucks trend with big plane order: report

The prospect of a bumper plane order battle brightened a depressed outlook for plane manufacturers on Thursday as United Airlines was reported to be seeking 150 jets despite fresh warnings of industry losses.

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