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Bomb in Pakistan's Lahore kills 24

Gunmen attacked a police headquarters in the Pakistani city of Lahore on Wednesday, setting off a car-bomb that killed at least 22 people in what the government said was revenge for an offensive against the Taliban.

GM bond deadline passes, bankruptcy seen near

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General Motors Corp said on Wednesday that a crucial bond exchange proposal failed to gain enough support and that its board of directors would meet to review the automaker's options, clearing the path for what would be the largest U.S. industrial bankruptcy ever.

North Korea threatens to attack South if ships searched

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North Korea, facing international censure for this week's nuclear test, threatened on Wednesday to attack the South after it joined a U.S.-led plan to check vessels suspected of carrying equipment for weapons of mass destruction.
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Opel bidders pressed to improve offers before mtg

Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
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Global stocks up, oil at 2009 high on recovery hopes

World stocks rose and oil prices hit a 2009 high on Wednesday, while the yen fell after improving consumer confidence in the United States and Europe boosted expectations the global economy is starting to recover.
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Accenture to shift incorporation to Ireland

Technology outsourcing and consulting firm Accenture Ltd plans to change its place of incorporation to Ireland from Bermuda, following an exodus of large multinational companies to Europe as the U.S. government plans to tighten tax rules.
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Stocks set to open higher on economy hopes

Stock futures pointed to a slightly higher open for U.S. shares on Wednesday, building on strong gains made in the previous session, when consumer confidence data fueled hopes of an economic recovery.
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Opel board to decide on separation from GM: source

The supervisory board of General Motors' Opel unit is holding an extraordinary meeting on Wednesday morning to decide on the German carmaker's legal separation from its U.S.-based parent company, a person familiar with the matter said.
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Asia stocks at seven-month high as recovery hopes grow

Asian shares rose to a seven-month peak on Wednesday and oil prices hovered near their highest since November after a jump in U.S. consumer confidence reinforced a view that the global economy has bottomed, even if recovery appears fragile.
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Oil hovers above $62 on optimism about economy

Oil hovered little changed near a six-month high above $62 a barrel on Wednesday, as a jump in U.S. consumer confidence and signs of modest recovery in Japanese exports buoyed hopes that oil demand would rebound as the global economy recovers.
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Asian shares hit seven-month high

Asian shares rose on Wednesday to their highest level in more than seven months after a jump in U.S. consumer confidence reinforced expectations the global economy has hit a bottom, even if recovery appears fragile.
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Microsoft to launch new Zune later this year

Microsoft Corp plans to launch a new version of its Zune portable media player later this year in the United States, incorporating high-definition video, touch screen technology and Wi-Fi connection.
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U.S. accuses Texas professor, lawyer of fraud

Two Texas men defrauded investors of some $19.5 million by faking bank records to show that their business, PrivateFX Global One, achieved annual returns of more than 23 percent in foreign exchange trading, U.S. regulators said on Tuesday.
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Stocks jump as confidence data fuels economy hopes

Stocks climbed more than 2 percent on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq.
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Defiant North Korea fires rockets, blames U.S.

North Korea defied international condemnation of its latest nuclear test by firing two short-range missiles off its east coast on Tuesday and major powers considered tougher action against the isolated communist state.
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Wall Street gains over 2 percent on confidence data

Stocks climbed more than 2 percent on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq.

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