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GE profit tops forecast, energy is key lift

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General Electric Co reported a 36 percent drop in quarterly profit, but topped Wall Street's expectations on the back of its large energy operation, which makes electricity-producing turbines.
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Corporate results support stocks, outlook foggy

Asian stocks rose on Friday after results from JPMorgan and Google kept shares on track for a sixth week of gains, while the euro fell to a one-month low on uncertainty over what non-standard policy action the European Central Bank will enact.
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Corporate results support stocks but outlook hazy

Asian stocks rose on Friday and the yen slipped, after upbeat results from JPMorgan and Google kept a revival of risk taking alive, with Asian shares outside Japan on track for a sixth week of gains.
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Volkswagen may overtake Toyota as No.1 in Q1

Volkswagen AG may have passed Toyota Motor Corp as the world's top selling automaker in the first quarter, helped by robust demand in its main markets, while its Japanese rival suffered sharp declines, partial company data suggests.
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Volkswagen could overtake Toyota as world No.1

Volkswagen AG may have passed Toyota Motor Corp as the world's top selling automaker in the first quarter, helped by robust demand in its main markets, while its Japanese rival suffered sharp declines, partial company data suggests.
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GM would require quick bankruptcy: judge

A bankrupt General Motors Corp could be reorganized in as little as a month, a top bankruptcy attorney said on Thursday, and if the case lingered then a tremendous sinkhole could open in the U.S. economy, a Delaware bankruptcy judge said.
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Fed officials see signs of improvement

Two top Federal Reserve policy-makers took divergent views on the U.S. economy on Thursday, with the head of the Atlanta Fed seeing a return to growth later this year, while the head of the San Francisco Fed saw the potential for an even deeper contraction.
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White House to meet with credit card execs: sources

Top executives of credit card companies will meet Obama administration officials next Thursday at the White House, as the industry faces the possibility of legislation aimed at curbing deceptive practices, sources familiar with the plans said.
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US Treasury Futures Report 04/16/2009

US Treasuries pulled back for a second session after economic data releases for Thursday demonstrated signs that the US economy may be finding points of stability.
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Canada's RBC sees $850 mln 2nd-qtr goodwill charge

Royal Bank of Canada, Canada's largest bank, said it will take a charge of roughly $850 million (C$1.03 billion) because the value of its international businesses has declined, reducing second-quarter earnings by an equivalent amount.
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U.S. video games sales fall 17 pct in March: NPD

Overall U.S. video game sales fell 17 percent in March to $1.43 billion, research group NPD said on Thursday, a revealing figure for an industry that had so far shown resilience in the economic downturn.
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Sudan to allow some restoration of foreign aid

Senator John Kerry said after talks with senior Sudanese officials on Thursday Khartoum would allow some foreign aid to be restored in its western Darfur region but that it was not sufficient.
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Obama, Calderon agree on US-Mexico framework on clean energy

U.S. President Barack Obama and Mexico's President Felipe Calderon will collaborate in the US-Mexico Bilateral Framework on Clean Energy and Climate Change, a new association to promote renewable energy and lower carbon output, the White House announced Thursday night.
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Recession drags but U.S. recovery hope grows

The number of Americans claiming jobless aid hit a record in early April and groundbreaking for new homes slumped last month, but a top Federal Reserve official voiced hope the recession was ending.

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