UNITED STATES

Mutual funds seek SEC review of TALF rules: report

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Mutual fund companies including BlackRock Inc are asking the U.S. Securities and Exchange Commission to review rules for participating in the Federal Reserve's TALF program to boost lending, the New York Post said, citing sources.
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Futures fall as General Growth stirs worry

U.S. stock futures pointed to a lower open on Thursday after the bankruptcy of General Growth Properties offset better-than-expected quarterly earnings from JPMorgan Chase & Co .
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Asian shares pare gains on China's data

Asian stocks pulled back from a six-month high on Thursday, while the safe-haven yen jumped against major currencies after China posted its slowest quarterly growth ever in a reminder of the frailty of the global economy.
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Asian shares pare gains after China disappoints

Asian stocks pulled back from a six-month high on Thursday, while the safe-haven yen gained after China posted its slowest ever quarterly growth in a signal of the frailty of the global economy.
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Roche confident for full year after Q1 sales rise

First-quarter sales at Roche Holding AG , the Swiss drugmaker that recently bought Genentech for $46.8 billion, rose 8 percent and met forecasts thanks to the strong growth of blockbuster cancer drug Avastin.
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GM pushes faster plan to cut U.S. dealers: sources

General Motors Corp has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said.
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Roche Q1 sales rise 8 percent

First-quarter sales at Roche Holding AG , the Swiss drugmaker that recently bought Genentech for $46.8 billion, rose 8 percent due to strong sales of cancer medicines, in line with forecasts.
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Rosetta Stone IPO prices above estimate range

Rosetta Stone Inc shares priced at $18 in the company's initial public offering, above the estimate range, a source with direct knowledge of the deal said on Wednesday, making it the fourth IPO on a U.S. exchange in 2009 as equities markets struggle to stabilize.
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Oil falls back under $50 after surge

Oil fell back below $50 a barrel on Thursday, after surging more than 2 percent as equity markets rallied on signs the U.S. recession was easing, boosting hopes of a demand recovery in world's top energy consumer.
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Calpers seesk toxic assets, Citi assets

One of the nation’s largest public pension funds says it is looking to buy assets which are a part of the U.S. government’s $700 billion program to help banks sell off the illiquid investments.
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U.S. will describe stress test methods ahead of results: report

The U.S. will release the methods it used to measure the health of the nation’s 19 largest banks ahead of the release of the results of the so-called “stress tests” which would indicate which banks were in need of further government help, according to a report.
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SemGroup examiner pins collapse on former managers

U.S. Energy trader SemGroup LP spiraled into bankruptcy last year after its top executives lied about its liquidity problems and mismanaged a speculative trading strategy, according to a report released by the company's court-appointed examiner on Wednesday.
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GM pushing faster plan to cut U.S. dealers: sources

General Motors Corp has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said.
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GM pushs faster plan to cut U.S. dealers: sources

General Motors Corp has told U.S. dealers it is accelerating its timetable for closing about 1,700 dealerships as it rushes to meet a June 1 deadline to restructure under U.S. government oversight, people with knowledge of the discussions said.
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Fed says economic weakness slowing

The U.S. economy continued to weaken in March and early April but the speed of contraction was fading amid scattered signs the country's recession may be nearing an end, the Federal Reserve said on Wednesday.
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Chrysler-Fiat talks intensify, Saturn deal eyed

Fiat SpA Chief Executive Sergio Marchionne turned up the heat on talks with struggling U.S. automaker Chrysler on Wednesday as General Motors Corp confirmed a possible buyer for its Saturn network.
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Worldwide PC sales fall 7.1 percent in Q1: IDC

Global shipments of personal computers slid 7.1 percent in the first quarter, industry tracker IDC said on Wednesday, although falling prices and the increasing popularity of netbooks helped keep sales from slipping even further.
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Clinton calls for expanded global response to piracy

U.S. Secretary of State Hillary Clinton called on Wednesday for a coordinated international effort to fight piracy off the Horn of Africa and said she would send an envoy to a Somali donors conference to pursue new anti-piracy steps.
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More Americans wary of tax man this year

As a deep recession strips Americans of their jobs, homes and investments, the 2009 U.S. tax season promises to see a large uptick in first-time delinquent income taxpayers.

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