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Worry, but no panic as Japanese brace for GM's fate

As General Motors Corp creeps toward bankruptcy, Japanese auto executives have grown less worried about the turmoil in the supply chain and dealer channels the demise of the No. 1 U.S. car maker would cause.

Oil above $61 ahead of OPEC meeting

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Oil pared losses on Tuesday to trade above $61 a barrel, after Saudi Arabia said oil demand was picking up and in response to positive U.S. consumer confidence data.

Stream of renewable placements may run dry

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Recent share placements by renewable energy companies suggest the industry has passed through a financial bottleneck, but investor appetite for further stock sales could vanish as quickly as it surfaced.
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U.S. consumer confidence sees biggest jump in 6 years

U.S. consumer confidence soared in May to its highest level in eight months as severe strains in the labor market showed some signs of easing, though Americans' moods remained depressed by historical standards.
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Stock futures flat to lower on North Korea worry

Stock index futures pointed to a flat to lower open on Tuesday after a long weekend as tensions surrounding North Korea unsettled investors and hopes for a quick economic recovery in the near-term ebbed.
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U.S. home prices fell 18.7 percent on year in March: S&P

Prices of U.S. single-family homes in March fell 18.7 percent from a year earlier, while prices in the first quarter dropped at a record pace, according to the Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday.
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Green industry demands low-carbon dollars

Top executives from utilities, electric car, solar and wind power companies demanded on Tuesday that governments turn away from fossil fuels when they sign a new climate pact, expected in December.
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Bidders make final push for GM unit Opel

Germany denied it was considering a possible breakup of carmaker Opel ahead of a crucial final round of meetings on Tuesday between the government and top executives from Italian suitor Fiat .
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Stock futures lower on North Korea worry

Stock index futures pointed to a lower open on Tuesday after a long weekend as tensions surrounding North Korea unsettled investors and hopes for a quick economic recovery in the near-term ebbed.
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GE's Immelt says to get harder to achieve growth

General Electric Co's growth will be harder to come by in coming years given the prospect the global economy may grow at a slower pace once it emerges from recession, the company's chief executive said.
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Oil falls below $60 ahead of OPEC meeting

Oil fell below $60 a barrel on Tuesday, pressured partly by a firmer U.S. dollar and expectations an OPEC meeting later this week would keep the producer group's output unchanged.
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Asian shares hit by North Korea tension

Asian shares fell on Tuesday as a report of fresh missile tests by North Korea added to market tensions at a time when investors are questioning if they are too optimistic about the global economic outlook.
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Asian shares feel pressure on North Korea tensions

Asian shares edged lower on Tuesday with stocks in Seoul down 1.2 percent after North Korea threatened to launch more missiles and while investor doubts about the world economy kept riskier assets such as the euro under pressure.
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Lehman U.S., UK units at odds over bankruptcy: report

Lehman Brothers Holdings Inc's U.S. estate administrators will ask a federal judge on Tuesday to approve a framework for coordinating bankruptcy proceedings for the bank's subsidiaries worldwide, putting them at odds with its administrators in the UK, the Wall Street Journal said.
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Positive data needed to lift stocks

Wall Street may feel more pressure next week unless a raft of economic data, including consumer confidence, home sales and GDP, restores the optimism that had driven a two-month rally before fading in the past few days.
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Chrysler slams Indiana State Treasurer's demands

U.S. automaker Chrysler on Monday slammed Indiana State Treasurer Richard Mourdock as making demands that would ultimately push the carmaker into liquidation -- resulting in the loss of more than 4,000 jobs and 9,000 retiree pensions in Indiana alone.
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Falling profits mean more job loss

In the world of corporate profits, much like the broader economy, less bad is good these days. Unfortunately, it's not good enough to stem the rise in unemployment.

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