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Wall Street gains on reassuring earnings, data

Stocks rose on Friday on better-than-expected results from companies including American Express and Ford as reassuring data on manufacturing and housing boosted hopes the recession is showing signs of abating.

Chrysler aims for Fiat but readies bankruptcy plan

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With a week remaining for Chrysler LLC to clinch a deal with Italy's Fiat , the U.S. automaker is readying a bankruptcy plan but still focused on reaching an alliance with the support of the Obama administration, people with knowledge of the discussions said on Thursday.

North Korea to boycott nuclear talks: Russia

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North Korea will stay away from international nuclear disarmament talks, Russia's foreign minister said on Friday after visiting the secretive state and pressing Pyongyang to return to the sputtering discussions.
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Honeywell cuts profit view, cites economic slump

Diversified U.S. manufacturer Honeywell International Inc reported a 38 percent drop in profit and cut its full-year earnings forecast to more closely match analysts' expectations, citing the weak economy.
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U.S. journalists face criminal trial in North Korea

North Korea will put two U.S. journalists arrested last month on its border with China on trial to face criminal charges, its media said on Friday, ratcheting up tensions already raised by a defiant rocket launch.
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Democrats split on Bush-era interrogation probe

A debate over how to investigate Bush-era officials who authorized harsh interrogation tactics of terrorism suspects split Washington on Thursday, and Democrats squabbled over how to proceed.
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3M profit falls 48 percent, cuts 2009 forecast

Diversified U.S. manufacturer 3M Co reported a 48 percent drop in quarterly profit and cut its full-year earnings forecast, citing falling demand as its customers reduce inventories.
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WHO concerned at new swine flu in U.S.

The World Health Organization (WHO) voiced concern on Friday at a confirmed outbreak of swine flu in the United States and what it called more than 800 human influenza-like cases in Mexico, including about 60 deaths.
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New York offshore lakes wind project seeks ideas

The American Wind Energy Association (AWEA) said on Thursday the call to develop offshore wind turbines in the Great Lakes by the New York Power Authority may help open up offshore wind development in the United States.
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Sixty die in deadliest Iraq bombing since June

In a second day of major bloodshed, two suicide bombers wearing explosive vests blew themselves up at the gates of a Shi'ite Muslim shrine in Baghdad on Friday, killing 60 people, Iraqi police said.
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Pakistani Taliban withdraws from key valley

A Pakistani Taliban commander ordered his men to withdraw from Buner district on Friday, amid growing alarm in the United States over the Taliban creeping nearer to the capital of the nuclear-armed Muslim state.
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3M profit down, cuts 2009 forecast

Diversified U.S. manufacturer 3M Co reported a 48 percent drop in quarterly profit and cut its full-year earnings forecast, citing falling demand and its customers' efforts to cut inventory.
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Ford shares rise on smaller-than-expected loss

Ford Motor Co posted a smaller-than-expected first-quarter loss and said it was on track to at least break even in 2011 and did not expect to seek U.S. government loans, sending its shares up more than 22 percent.
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U.S.-Russian arms talks off to productive start

U.S. and Russian negotiators held a productive initial round of talks in Rome aimed at securing a new treaty to curb nuclear weapons, they said on Friday, as part of a broader effort to improve relations.
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Stock futures point up after Ford results

Stock index futures pointed to a higher open on Friday after Ford Motor Co reported better-than-expected results as investors awaited data on manufacturing and housing.
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Ford posts smaller-than-expected loss

Ford Motor Co posted a smaller-than-expected first-quarter loss on Friday amid the auto sector downturn and said it was on track to at least break even in 2011 and did not expect to seek U.S. government loans.
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California adopts landmark low-carbon fuel rule

California on Thursday adopted a first-ever rule to slash carbon emissions in automotive fuels, and spur the market for cleaner gasoline alternatives, after a last-ditch appeal to ethanol advocates who fought the plan.
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Geithner says downturn may be easing

The global economic downturn has shown signs of easing in recent weeks, although significant risks remain, U.S. Treasury Secretary Timothy Geithner said before a meeting of G20 officials in Washington on Friday.
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Index futures point to mixed Wall Street open

Futures for the Dow Jones industrial average share index fell 0.1 percent, for the Nasdaq 100 rose 0.1 percent and for the S&P 500 index fell 0.2 percent, pointing to a mixed start on Wall Street.
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U.S. may remove Citi's Pandit: report

U.S. regulators who are concluding stress tests on banks may remove Citigroup Inc chief executive Vikram Pandit, the New York Post reported, citing sources it did not identify further.
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Ford seen posting Q1 loss, focus on sector turmoil

Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) is expected to post a large first-quarter net loss amid the global economic downturn that has pressured results in the United States, Western Europe and other developed economies.

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