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GMAC to resume car loans to subprime borrowers

GMAC Financial Services said it will resume making car and truck loans to subprime borrowers and will lower inventory financing costs for cash-strapped auto dealers, part of a series of moves intended to spur sales at General Motors Corp .
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Obama sees G20 consensus, France unhappy

U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
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Rich urged to make deeper CO2 cuts

China, India and other developing nations joined forces on Wednesday to urge rich countries to make far deeper cuts in greenhouse gas emissions than planned by 2020 to slow global warming.
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Ford U.S. sales fall 41 percent in March

Ford Motor Co posted a 41 percent drop in U.S. sales in March from a year ago with declines across all its major vehicle segments as the industry continued to feel the impact from a deep recession.
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Nokia says thousands sign up to sell at Ovi store

Finnish Nokia Oyj, the world's biggest mobile phone maker, said thousands of developers and content providers had registered to sell content in its online store, Ovi, which will be opened in early May.
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Wall Street little changed after upbeat data

Stocks pared losses and briefly turned positive on Wednesday following data that showed an index of manufacturing activity rose more than expected in March, while sales of existing homes rose in February.
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Obama sees consensus, France unhappy

U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
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U.S. sees more job losses, factory contraction slows

Mounting job losses and plans to lay off more workers continued to weigh on the U.S. economy in March, according to private reports that have analysts and investors bracing for more grim U.S. government labor market data from the government on Friday.
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Obama downplays G20 split on eve of summit

U.S. President Barack Obama said on Wednesday there was enormous consensus between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
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Obama plays down G20 splits

U.S. President Barack Obama denied rifts between the world's leading economies on the eve of a crisis summit and urged them on Wednesday to act together to find the fastest route out of global recession.
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U.S. plans to ease GM into bankruptcy: report

The Obama administration is seeking to ease General Motors Corp into a controlled bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.
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Europe gets car sales tonic amid GM, Chrysler woes

European car markets reported tentative shoots of recovery on Wednesday but Honda moved to further cut U.S. output as General Motors Corp faced a rising bankruptcy risk and Chrysler raced to secure its survival.
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Russian and US make new arms pact

Russia and the United States will pursue a new deal to cut nuclear warheads, presidents Dmitry Medvedev and Barack Obama said on Wednesday, making good on a pledge to rebuild relations from a post-Cold War low.
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France unhappy as US sees consensus at G20

U.S. President Barack Obama said on Wednesday there was enormous consensus between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
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Taliban say U.S. reconciliation offer lunatic

Taliban insurgents rejected on Wednesday a U.S. offer of honorable reconciliation as a lunatic idea and said the withdrawal of foreign troops was the only way to end the war in Afghanistan.
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US plans to ease GM into bankruptcy

The Obama administration is seeking to ease General Motors Corp into a controlled bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.
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World stocks mixed as G20 meet on economy

World stocks kicked off a new quarter Wednesday with strong gains in Japan and losses in Europe after registering their best monthly performance since December 1999.

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