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Warner Music stock jumps after analyst upgrade

Shares of Warner Music Group rose as much as 18 percent on Monday after an analyst report upgraded the company on the belief that music industry trends were stabilizing after six months of declines.

Express Scripts to buy WellPoint prescription unit

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Express Scripts Inc will buy health insurer WellPoint Inc's NextRx prescription business for $4.68 billion, becoming the No. 2 U.S. pharmacy benefit manager while gaining more leverage in driving down drug prices.
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Citigroup, B of A rise on earnings hope

Citigroup Inc's and Bank of America Corp's shares rose Monday on hopes that the two banks will post the same sort of first-quarter profits that Wells Fargo & Co forecast late last week.
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Oil drops towards $49 after IEA cuts demand forecast

Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Geithner to host G7, G20 meetings April 24

The U.S. Treasury Department announced on Monday that Group of Seven finance ministers will meet in Washington on April 24 and follow that gathering up with a Group of 20 ministerial session.
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Some Madoff investors push swindler toward bankruptcy

In a move to ensure that all of the personal assets of jailed swindler Bernard Madoff are used to pay his defrauded customers, some investors filed court papers on Monday to force him into involuntary bankruptcy.
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SPX Corp cuts 2009 profit view

Diversified U.S. manufacturer SPX Corp slashed its 2009 profit forecast by about 18 percent, warning that it expects revenue to be weaker than forecast as a global downturn hurts demand for its products.
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Boeing and energy weigh on Wall Street

Stocks fell on Monday as energy stocks retreated on falling oil prices and Boeing Co slid after it issued a profit warning, giving investors jitters ahead of key earnings reports this week.
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Iran says it's open to nuclear dialogue with powers

Iran said on Monday it would welcome constructive dialogue with six world powers, including the United States, in its clearest signal yet it will accept an invitation for talks on its disputed nuclear work.
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Obama seeks new relationship with Latin America

President Barack Obama will try to establish a cooperative new relationship with Latin America this week, but U.S. resistance to change on highly symbolic issues like Cuba and immigration could undercut the effort, analysts said.
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Oil drops towards $49 after IEA cuts demand view

Oil fell toward $49 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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King of Jordan to meet Obama on April 21

King Abdullah of Jordan will meet U.S. President Barack Obama in Washington on April 21 to lobby on behalf of Arab states for a stronger U.S. role in Middle East peacemaking, palace officials said on Sunday.
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Obama urged to lead battle against Somali pirates

The crew of a U.S. ship attacked off Somalia called on President Barack Obama to lead the battle to stamp out piracy on Monday, after U.S. forces freed the ship's captain to end a five-day hostage drama.
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Oil drops below $50 after IEA cuts demand view

Oil fell below $50 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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LG Display, Taiwan LCD makers set to narrow losses

South Korean flat screen maker LG Display and two Taiwanese rivals are expected to report another quarter in the red, but losses in January-March likely narrowed from the previous quarter, driven by booming sales in China.
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U.S. congressman Payne flies into Somali capital

U.S. congressman Donald Payne flew into Mogadishu flanked by six bodyguards on Monday, making what is believed to be the first visit to the Somali capital by a senior American politician since 1994.
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Oil falls towards $51 after IEA cuts demand forecast

Oil fell to around $51 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Oil falls towards $51

Oil fell to around $51 a barrel on Monday after the International Energy Agency cut deeply its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest ever.
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Asia stocks up, oil slides on demand outlook

Asian stocks rose on Monday on hopes for the global economy, with Taiwan shares hitting a near 7-month closing high, while oil prices slipped below $52 after a dramatic oil demand downgrade by the International Energy Agency.
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Oil falls to around $51

Oil fell to around $51 a barrel on Monday after the International Energy Agency cut its forecast for oil demand, overshadowing data showing Chinese crude imports rose to their second highest ever.

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