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Death toll from twin Iraq car bombs rises to 51

The death toll from twin car bomb blasts in a crowded Baghdad market rose to 51 Thursday, police said, and the country's main Sunni political party condemned the attack on a heavily Shi'ite Muslim area.

Russia takes control of rebel borders with Georgia

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Russia took formal control over the de-facto borders of Georgia's rebel regions on Thursday a week before NATO military exercises in Georgia that President Dmitry Medvedev said amounted to a challenge from the West.

Oil falls from session highs after U.S. data

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Oil retreated toward $50 a barrel on Thursday, erasing earlier gains after weak U.S. employment data and news that U.S. automaker Chrysler will file for Chapter 11 bankruptcy.
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U.S. Congress approves compromise budget blueprint

The Democratic-controlled U.S. Congress Wednesday approved a $3.4 trillion compromise budget plan for the 2010 fiscal year, clinching a big victory for President Barack Obama on his 100th day in office but with no Republican support.
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Jobless claims fall, but spending and income ease

The number of U.S. workers filing new claims for unemployment benefits fell last week, but the weak job market continued to pressure incomes and spending in March, government data showed on Thursday.
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Exxon profit sinks on slumping oil demand

Exxon Mobil Corp , the world's largest publicly traded company, posted a 58 percent drop in quarterly profit, missing Wall Street estimates, as the global recession sliced into demand for crude oil and depressed prices.
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Jobless claims fall unexpectedly

The number of U.S. workers filing new claims for jobless aid unexpectedly declined by 14,000 last week, government data showed on Thursday, while continued claims notched a fresh record high as the recession chilled the labor market.
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Oil rises above $51 on gasoline draw

Oil rose toward $52 a barrel on Thursday, partly in response to a more optimistic view of the world economy from the U.S. Federal Reserve that also helped drive equity markets to their highest level since early January.
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Global stocks surge on economic stabilization bets

Global stock markets jumped more than one percent on Thursday to their highest since early January as investors bet on a stabilization of the ailing world economy and took heart from some upbeat corporate earnings.
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World stocks at 4-month peak

World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
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World stocks hit 4-month peak

World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
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Visa second quarter earnings beat estimates

Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world's largest credit card network increased prices, slashed expenses and consumers used debit cards more.
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Chrysler in last-ditch talks, Obama hopeful

Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy a day ahead of a government-imposed restructuring deadline.
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Chrysler debt offer raised, holdouts targeted

The U.S. Treasury raised its offer by $250 million in debt restructuring talks with Chrysler LLC lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.
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Starbucks profit tops view, focus on value

Starbucks Corp posted quarterly profit that just topped expectations on cost cuts and is planning a multimillion dollar advertising campaign challenging the view that its coffee is an expensive luxury.
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Visa Q2 earnings beat estimates; lowers costs

Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world's largest credit card network increased prices, slashed expenses and consumers used debit cards more.

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