UNITED STATES

Hasbro, Discovery team up on new kids' TV network

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U.S. toymaker Hasbro Inc and Discovery Communications unveiled a joint venture on Thursday for a television network and website that will carry children's programs featuring brands like G.I. Joe, Transformers and My Little Pony.
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Mexico faces deep recession on flu outbreak

A deadly swine flu outbreak could push Mexico into a recession so deep it might rival the mid-1990s Tequila Crisis financial meltdown, as the economy shuts down and tourists stay away.
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Disney joins Hulu website

Walt Disney Co has reached a deal to become a partner in the popular video website Hulu founded by NBC Universal and News Corp.
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Exxon misses despite general oil firm resilience

Exxon Mobil Corp disappointed investors who in the past week had grown accustomed to energy companies reporting better-than-expected profits despite the collapse in crude oil prices since July.
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Chrysler files for bankruptcy, signs Fiat deal

Chrysler LLC -- battered for the past two years by disappearing global auto sales and the credit crisis -- filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat after talks to restructure its debt broke down.
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Dow Chemical shares surge on surprise profit

Dow Chemical Co posted a surprise first-quarter profit on Thursday, helped by cost reductions, gains in its agricultural segment and lower raw material costs, sending its shares up as much as 20 percent.
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Jobless claims fall, but incomes and spending ease

The number of U.S. workers filing new claims for unemployment aid fell unexpectedly last week, suggesting the pace of layoffs was easing, even as benefit rolls in mid-April swelled to another record high.
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Nasdaq up, but Chrysler hits Dow and S&P

The Nasdaq rose on Thursday while the Dow industrials and S&P 500 declined as upbeat corporate profits and reassuring job market data offset investors' anxiety about Chrysler's bankruptcy filing.
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SEC charges firm in New York kickback probe

U.S. securities regulators charged an investment firm and one of its executives in connection with a multimillion-dollar kickback scheme involving New York's largest pension fund, the Securities and Exchange Commission said on Thursday.
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Biden swine flu comments prompt correction

WASHINGTON - U.S. Vice President Joe Biden said on Thursday he would tell his family to stay off planes or subways to avoid swine flu, prompting his office to go into damage control and the travel industry to complain.
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Stocks cuts gains as Chrysler bankruptcy looms

Stocks pared gains on Thursday after an Obama administration official said beleaguered U.S. automaker Chrysler LLC will file for bankruptcy protection in New York almost immediately.
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Chrysler to file for bankruptcy

Chrysler LLC is expected to file for bankruptcy on Thursday after talks to restructure its debt with lenders broke down, a U.S. government official said.
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North Korea threatens nuclear tests over U.N. move

North Korea on Wednesday threatened a new nuclear test unless the U.N. Security Council apologized for tightening sanctions, confirming some analysts' fears that Pyongyang is determined to build an atomic arsenal.

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