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Energy sector, easing bond yields lift Wall Street

Stocks climbed on Thursday as rising oil prices drove up shares of energy companies and falling yields in the bond market eased concerns that higher borrowing costs would delay an economic recovery.

U.S. new home sales edge up, jobless claims ease

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Sales of new U.S. single-family homes rose slightly in April, while fewer workers filed for first-time jobless aid last week, raising hopes the worst of the deep economic recession was likely over.

Verizon to sell Palm Pre, new BlackBerry phones

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Palm Inc's iPhone competitor Pre got an unexpected boost on Thursday as No. 1 U.S. mobile service Verizon Wireless said Pre would be part of its upcoming device line-up, sending Palm shares up 8.8 percent.
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EU to study how Google Books impact authors

The European Union's executive body will study plans by Google to make millions of books available online after Germany said the Internet company's project flouts EU copyright law.
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Greenlight's Einhorn shorting Moody's

Shares of Moody's Corp fell sharply on Thursday after hedge fund manager David Einhorn, who correctly questioned the health of Lehman Brothers four months before its collapse, disclosed he was shorting the venerable ratings agency.
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Susan Boyle gets angry and threatens to quit

A Susan Boyle spokesperson said Thursday that the Scottish singing sensation and Britain's Got Talent finalist lost her cool after being harassed by journalists at a London hotel.
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Official: Microsoft's Bing out Wednesday

Microsoft Corp. is rolling out a redesigned site of its Live search engine in the coming days called Bing which the company hopes it will lure Web surfers away from its competitors.
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GM bankruptcy looms after upping bondholder deal

General Motors Corp appeared to clear a major hurdle on its way to filing the kind of bankruptcy it favors on Thursday by persuading major bondholders to accept a sweetened deal -- even as talks over the carmaker's Opel unit stalled.
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Geithner to urge forex flexibility in China

U.S. Treasury Secretary Timothy Geithner will discuss with top Chinese officials how to boost global economic growth as well as the importance of flexible exchange rates for smoothing imbalances, a senior U.S. Treasury Department official said on Thursday.
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GM makes new bondholder offer ahead of bankruptcy

General Motors Corp said on Thursday it had reached a deal with major bondholders that would give them a bigger stake in a reorganized and effectively nationalized automaker and could pave the way for a fast-track bankruptcy by GM within days.
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AT&T eyes sale of Palm Pre

AT&T Inc's Chief Executive Randall Stephenson said on Wednesday that the No. 2 U.S. mobile service would be keen to sell Palm Inc's high-profile Pre phone at some point in the future.
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AT&T eyes future sale of Palm Pre

AT&T Inc's Chief Executive Randall Stephenson said on Wednesday that the No. 2 U.S. mobile service would be keen to sell Palm Inc's high-profile Pre phone at some point in the future.
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Verizon to sell Palm Pre, new BlackBerry Storm

Verizon Wireless plans to start selling Palm Inc's Pre and a new version of the touchscreen BlackBerry Storm in about six months, the top executive for the venture of Verizon Communications Inc and Vodafone Group Plc said on Thursday.
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About 12 percent of U.S. homeowners late paying or foreclosed

One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.
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Freddie Mac April portfolio shrank annualized 50.9 pct

Freddie Mac (FRE.P) (FRE.N), the second-largest U.S. home funding company, on Thursday said its mortgage investment portfolio shrank by an annualized 50.9 percent rate in April, while delinquencies on loans it guarantees accelerated.
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1 in 8 U.S. homeowners late paying or in foreclosure

One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday.
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The Age of Good Health? Healthy Lifestyles on Decline in U.S.

Despite the well-known benefits of physical activity, eating a diet high in fruits and vegetables, maintaining a healthy weight, moderate alcohol use and not smoking, only a small proportion of adults follow this healthy lifestyle pattern, and in fact, the numbers are declining, according to a study by Dana King, M.D., and colleagues at the Medical University of South Carolina (MUSC).
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Obama seeks growth in biofuels beyond ethanol

President Barack Obama said on Wednesday he wants to see new types of biofuels commercialized as quickly as possible, but the corn-based ethanol industry needs to remain viable in the meantime.
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War of words over Opel as GM bankruptcy looms

A rift between Berlin and Washington threatened to torpedo Germany's goal of shielding Opel from the imminent bankruptcy of its parent General Motors , raising the risk of insolvency for the German carmaker.

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