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Auto layoffs lift U.S. jobless claims

The number of U.S. workers filing new claims for jobless benefits rose last week, Labor Department data showed on Thursday, largely pushed up by auto plant shutdowns related to Chrysler's bankruptcy.

Paulson gave banks no choice on government stakes: memos

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Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry.
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Chrysler to terminate U.S. dealers, Ford on track

Chrysler LLC notified all U.S. dealers on Thursday about its plans to eliminate 25 percent of its retail showrooms while rival Ford Motor Co assured investors it is on track to at least break even in 2011 without seeking any U.S. government aid.
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Obama pushes for credit card industry reform

President Barack Obama pressed the U.S. Congress at a town-hall meeting on Thursday to pass credit card reform measures cracking down on abusive practices by credit card companies.
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U.S. SEC proposes tougher investment adviser rules

U.S. securities regulators plan tougher rules to hold investment advisers more accountable for their clients' money following money manager Bernard Madoff's massive fraud of as much as $65 billion over two decades.
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Ford profit target on track, to cut more if needed

Ford Motor Co's restructuring is on track to bring a profit as soon as 2011, without the need for emergency government bridge loans, executives told stockholders on Thursday at the automaker's annual meeting.
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Wall Street lifted by financial and tech shares

Stocks rose on Thursday as a resurgent appetite for riskier equities fueled a rebound in the financial and technology sectors as investors were tempted back into the market after a recent pullback.
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Wal-Mart posts flat net, forecasts in-line results

Wal-Mart Stores Inc reported a flat quarterly profit that met Wall Street expectations on Thursday as the stronger U.S. dollar offset increased sales from shoppers seeking deals in its stores amid a global economic slowdown.
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WTO tells U.S. to comply in mixed antidumping ruling

The World Trade Organization's top court issued a mixed ruling on Thursday in a case involving U.S. treatment of unfairly priced imports but urged the United States to comply with previous WTO rulings in the dispute.
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Tech and defensive stocks boost Wall Street

Stocks rose on Thursday, lifted by a rebound in technology shares, while a surprisingly big rise in weekly jobless claims brought new worries about the economy and pushed defensive shares higher.
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Lehman eyes spinoff of remaining assets: report

Lehman Brothers Holdings Inc , which sent global markets into a tailpsin after filing for bankruptcy in September 2008, is looking at spinning off its remaining assets, the Wall Street Journal said in an unsourced article.
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Auto layoffs lift U.S. jobless claims, PPI up

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
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Chrysler sheds 789 dealers

Chrysler LLC plans to shed 789 of its U.S. 3,200 dealerships, many located in the suburbs of major U.S. cities, it said in a bankruptcy court filing Thursday.
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Thousands cross lagoon to flee Sri Lanka fighting

Thousands of civilians under rebel fire waded across a lagoon to escape Sri Lanka's war zone, where government forces have surrounded Tamil Tiger separatists for the final battle of a 25-year conflict, the military and a U.N. official said.
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Pakistan will defeat Taliban, must win hearts: PM

Pakistan will defeat the Taliban militarily but could lose the public relations war if it fails to help the hundreds of thousands of people displaced by the fighting, Prime Minister Yusuf Raza Gilani said on Thursday.
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H1N1 flu cases, death toll rise: WHO

The number of confirmed cases of the new Influenza A (H1N1) flu has climbed to 6,497, including 65 deaths, the World Health Organization said on Thursday.

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