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Pelosi seeks panel to probe Wall Street

House of Representatives Speaker Nancy Pelosi wants to create a special panel to investigate the causes of the Wall Street meltdown that helped put the country into a severe economic recession, a spokesman said on Thursday.

Business Books: Power tools for business travelers

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Who gets an upgrade and who gets bumped? What if your name is on a watch list? How can you avoid baggage fees? Why do airfares change several times in one day? Where to find the blacklist of airlines banned for safety reasons?

Rosetta Stone shares soar in debut

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Rosetta Stone Inc shares rose nearly 44 percent in their trading debut Thursday, following the company's initial public offering, the fourth in the United States this year.
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Oil edges up towards $50

Oil edged higher toward $50 a barrel on Thursday but gains were limited as mixed data from the United States and China reminded investors that any signs of economic recovery were still tentative.
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Suicide bomber in uniform kills 16 in Iraq base

A suicide bomber in army uniform detonated a vest packed with explosives at a military base in Iraq's western Anbar province Thursday, killing 16 people and wounding 50, the army and police said.
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Brazil's auto industry markets ethanol as green

The big four auto makers in Brazil joined forces with the Sugar Cane Industry Association (Unica) on Wednesday in a campaign aimed at expanding the use of cane-based ethanol in flex-fuel vehicles.
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Dozen die in Mexico clash ahead of Obama trip: media

About a dozen people died in a shootout in Mexico between soldiers and suspected drug traffickers ahead of a visit by U.S. President Barack Obama to discuss the drug war, Mexican media reported on Thursday.
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Obama to support anti-drug efforts on Mexico visit

In his second big trip abroad since becoming U.S. president, Barack Obama arrives in Mexico on Thursday to show support for the Mexican government's efforts to fight a devastating drug war and boost security along the U.S. border.
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Jobless claims drop but continued claims at record

The number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week, government data on Thursday showed, but so-called continued claims rose to a fresh record as the recession bit.
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Verizon plans app mart for Hub Web phone

The Verizon Hub, a new kind of home phone with some Web add-ons like weather and traffic reports, will soon come with an applications market, following a trend among cellphone makers such as Apple to open up to third-party apps.
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Harley net falls on restructuring costs

Harley-Davidson Inc said on Thursday that quarterly earnings fell 37 percent, pulled down by costs from its recession-triggered restructuring as well as a tax change in its home state of Wisconsin.
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Harley beats Street view

Harley-Davidson Inc reported stronger-than-expected earnings on Thursday, and reiterated its full-year shipment forecast, saying it was mildly encouraged by sales trends in the United States, its biggest market by far.
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Falling housing starts dampen recovery hope

The number of Americans claiming jobless aid hit a record early in April and groundbreaking for new homes slumped sharply in March, according to data on Thursday that showed the economy still being held back by the recession.
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Recession slowing water investment to a drip

Water scarcity means big growth for companies that purify, transport, and distribute the world's most essential resource, but a global recession that has halted new projects and put off price hikes means water investors will have to wait for the boom years.
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Falling housing starts dampen recovery hopes

New U.S. housing starts fell in March after a surprise surge the previous month, government data showed on Thursday, dealing a blow to hopes that housing market stability was on the horizon.
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JPMorgan profit beats forecast

JPMorgan Chase & Co reported better-than-expected first-quarter profit on Thursday as improved investment banking performance offset increased losses from credit cards and other consumer debt.
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Falling housing starts dampen hope of recovery

New U.S. housing starts fell more than expected in March after a surprise surge the previous month, government data showed on Thursday, dealing a blow to hopes that housing market stability was on the horizon.
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Roche beats recession in first quarter

Swiss drugmaker Roche Holding brushed off the downturn in the first quarter, posting a 7 percent rise in sales led by cancer medicine Avastin, and sounded a confident note for the full year.

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