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Lowe's stock up after profit tops view

Lowe's Cos Inc posted better-than-expected quarterly profit on Monday as it saw some strength in outdoor projects during the spring, even as consumers still shunned big-ticket home renovations.

Biden seeks new U.S. start in Balkans

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Vice President Joe Biden makes the highest-level U.S. visit to Serbia in a quarter century this week seeking a new diplomatic start in the Balkans, a region where Washington twice intervened militarily in the 1990s.
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Netanyahu to press Obama on nuclear Iran

Israeli Prime Minister Benjamin Netanyahu will stress the need for urgency in dealing with Iran's nuclear ambitions when he meets U.S. President Barack Obama on Monday, a senior Netanyahu adviser said.
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'Made in Germany' not enough for solars to prosper

German solar companies that have not yet set up U.S. and Chinese production plants are likely to lose out on significant subsidies and will struggle to bring down their production costs to the levels of their Asian peers.
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AIG launches IPO process for Asia crown jewel

AIG is to speed up plans to list its Asian subsidiary through an IPO that could raise more than $4 billion, as the bailed-out U.S. insurer seeks to raise cash to pay back government loans.
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Stock futures jump as Lowe's fuels spending hopes

Stock index futures rose on Monday as stronger-than-expected quarterly results from No. 2 U.S. home improvement chain Lowe's Cos Inc further boosted hopes the recession was abating and spending was stabilizing.
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Oil rises to around $57 after sharp slide

Oil rose to around $57 a barrel on Monday as traders saw the previous session's near 4 percent fall as excessive and violence in Africa's top oil exporter Nigeria lent support.
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Germany may send team to U.S. for Opel talks

Germany could send a negotiation team to the United States at the end of the week to discuss solutions for General Motors unit Opel, Economy Minister Karl-Theodor zu Guttenberg said on Monday.
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Oil recovers to $57, eyes economic data

Oil bounced back to $57 a barrel on Monday, recouping some of the previous session's near 4 percent loss, buoyed by short-covering despite a still uncertain outlook for the global economy.
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Asian shares hit by econ outlook

Most Asian stock markets fell on Monday on concerns about corporate profits and a still-uncertain outlook for the global economy, but Indian shares surged following the ruling coalition's sweeping election victory.
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Oil steadies above $56, eyes economic data

Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session's near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
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AIG to launch IPO for Asia crown jewel

AIG said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible.
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Nikkei tumbles as exporters fall

Japan's Nikkei stock average lost 2.9 percent on Monday, briefly touching its lowest point since May 1, as Sony Corp and other exporters fell in the wake of an advancing yen.
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Obama urges fair-minded abortion debate

President Barack Obama urged both sides in the abortion debate on Sunday to pursue a fair-minded discussion as he sought to quell a firestorm over his invitation to speak at Notre Dame, a premier U.S. Catholic university.
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Emergency drill staged at WTC site in New York

Hundreds of firefighters, police and medical personnel descended on lower Manhattan on Sunday near the site of the September 11 attacks for an emergency response drill simulating an explosion on a commuter train in a tunnel between New York and New Jersey.
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Clouds on horizon for American Idol juggernaut?

American Idol reaches its climax this week, still ruling the roost on U.S. television after eight seasons, but the battle of the songsters faces declining audiences and limits to its viewer-driven format.
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AIG to seek seek Asian IPO for AIA

American International Group Inc said on Sunday it would accelerate plans to separate its Asian subsidiary through an initial public offering.
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Nikkei slips as exporters hit

Japan's Nikkei stock average fell 2.5 percent on Monday as exporters such as Sony Corp were hit by a stronger yen, while Panasonic Corp tumbled in the wake of a gloomy earnings forecast. Panasonic lost 7 percent after it forecast a bigger-than-expected annual loss following a record quarter of red ink battered by weak demand, price falls and restructuring costs.
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Oil steadies above $56

Oil hovered little changed above $56 a barrel on Monday, pausing from the previous session's near 4 percent loss, as the market awaited further economic data and movements in equities markets for directions.
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Wall Street may brake for housing, Home Depot

Stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
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Medtronic's cheap shares may leap: report

Medtronic is armed with cash, ambition, a desire to acquire and a commitment to buy back stock and pay dividends, moves that could drive the medical device maker's shares up 25 percent to 30 percent in the next 12 months, Barron's reported on Sunday.
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Onyx sues Bayer over anti-cancer compound

Onyx Pharmaceuticals Inc said on Sunday it sued Bayer AG over its rights to an anti-cancer compound that it says it discovered during joint research with the German drugmaker.
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Wal-Mart knows its stock is a bargain: report

Investors might have underestimated Wal-Mart Stores Inc's prospects once economic recovery begins, but the retailer's management is buying the stock because it knows it is trading at a bargain, Barron's reported on Sunday.

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