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Pepsi Bottling raises Q2, FY '09 earnings view

Pepsi Bottling Group raised its earnings forecast for the current quarter and full year on Tuesday, citing improved U.S. soft drink sales, lower commodity costs and less volatility in currency exchange rates.
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Pakistani army rescues kidnapped students

Pakistani soldiers Tuesday rescued scores of students and staff from a military-run college who were abducted by Taliban militants in the northwest of the country, a military spokesman said.
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GB Group comfortable with analysts' FY10 view - CEO

British identity checking business GB Group Plc is comfortable with analysts' forecasts for its current financial year, helped by growth across all areas of the business, Chief Executive Richard Law said.
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Obama, in Europe, must show diplomatic style works

U.S. President Barack Obama makes a second foray into European diplomacy this week facing pressure to demonstrate his consensus-building foreign policy can produce results where his predecessor George W. Bush's go-it-alone style failed.
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Stock futures flat ahead of pending home sales

U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.
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U.S. pending home sales see biggest gain in 7 years

Pending sales of previously owned U.S. homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group on Tuesday showed, buttressing views the U.S. recession was easing.
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GM

General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.
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Healthcare overhaul seen boosting U.S. economy

Overhauling the U.S. healthcare system to contain soaring costs and expand medical coverage to the uninsured would help boost U.S. economic output, lower budget deficits and raise workers' incomes, a White House report said on Tuesday.
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GM to sell Hummer in push to keep only strongest brands

General Motors Corp said Tuesday it has found a buyer for its off-road brand Hummer just a day after it filed for bankruptcy protection as it seeks to quickly exit the court supervised process and emerge with less debt and only its strongest brands, Chevy, Cadillac, GMC and Buick.
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GM workers face uncertain future in hard times

At 8:15 a.m. ET on Monday, a General Motors executive gave hourly workers at its assembly plant here the news they feared most: the plant would close by October, robbing most of them of their jobs.
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GM files for bankruptcy, urges quick action

General Motors Corp filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.
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Geithner sees China backing U.S. policy, dollar

Chinese officials are giving U.S. efforts to pump up its ailing economy a vote of confidence and understand why higher budget deficits are a temporary necessity, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
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U.S. ethanol, corn rise with E15 blend: study

U.S. corn and fuel ethanol prices would rise by 4 cents each if gasoline contained a 15 percent blend of the renewable fuel instead of the current 10 percent, said a University of Missouri think tank.
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Stock futures flat to lower ahead of pending home sales

U.S. stock index futures pointed to a flat to slightly lower open on Wall Street on Tuesday as investors looked to book profits a day after the S&P 500 index jumped to its highest close in seven months on positive economic data.
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Chinese love for cars measured with efficiency

China's energy policymakers have lately been thinking a lot about drivers like 24-year-old Cindy Chen, who chose a larger German Opel over smaller, more fuel-efficient models when she bought her first car in March.
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GM reaches deal to sell Hummer

General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.
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GM reaches deal to sell Hummer brand

General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.

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