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Goldman says did nothing wrong taking AIG payments

Goldman Sachs Group Inc did nothing wrong when it accepted payments to close out trades with American International Group , the giant insurer rescued by the U.S. government, Goldman's chief financial officer said on Friday.

Xerox shares plummet after profit warning

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Xerox Corp chopped its first-quarter earnings forecast by as much as 85 percent, as the slowdown in office equipment spending badly hurt revenue and thwarted its cost-cutting efforts.
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Goldman CFO feels no guilt over AIG payments

Goldman Sachs Group Inc insists it did nothing wrong when it accepted payments to close out trades with American International Group before and after the insurer was rescued by the U.S. government last September, Chief Financial Officer David Viniar told reporters on Friday.
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GE shares down as analysts cut profit views

General Electric Co shares fell 4 percent on Friday as analysts lowered their 2009 profit forecasts for the U.S. conglomerate, a day after a marathon six-hour briefing on GE's financing unit.
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Madoff bail appeal denied

A U.S. appeals court on Friday denied Bernard Madoff's bid to be released from jail white he awaits sentencing for the biggest ever Wall Street investment fraud.
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Xerox shares hit after profit warning

Xerox Corp chopped its first-quarter earnings forecast by as much as 85 percent, as the slowdown in office equipment spending badly hurt revenue and thwarted its cost-cutting efforts.
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Oil at $52, recoups losses after ship collision

Oil hovered above a four-month high on Friday at $52 a barrel, recouping earlier losses as the market sought a new base above $50 and after news of a ship collision in the key Strait of Hormuz shipping lane.
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U.N. says fears of unfair Afghan poll well-founded

Opposition fears of an unfair election in Afghanistan this year are well-founded, and a rigged poll would fuel political instability and undermine support for democracy, a top U.N. envoy has warned.
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Taliban chief Omar not in Pakistan's Baluchistan

Taliban leader Mullah Omar is not hiding in Pakistan's Baluchistan province whose people will resist any U.S. attempt to extend its war against militancy there, the province's chief minister said on Friday.
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Jordan and Syria discuss Arab rapprochement

Jordan's King Abdullah and Syrian President Bashar al-Assad held talks in Amman Friday, part of a flurry of diplomatic moves to close Arab ranks ahead of a summit later this month in Qatar, officials said.
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North Korea says to reopen hotline to South

North Korea said on Friday it will reopen a military hotline with the South, a move suggesting the secretive state may be tempering recent harsh rhetoric ahead of a widely condemned missile launch expected early next month.
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Obama offers new start with Iran

President Barack Obama issued an unprecedented videotaped appeal to Iran on Friday offering a new beginning of diplomatic engagement to turn the page on decades of U.S. policy toward America's longtime foe.
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EU agrees new IMF loans, eastern aid top-up

European Union leaders agreed on Friday to provide 75 billion euros ($103 billion) in new loans to the International Monetary Fund as part of a G20 effort to boost the lender's firepower for fighting global recession.
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Americans fear home price drop accelerating

Americans fear home prices will drop more sharply in the coming year, despite government efforts to resuscitate the battered real estate sector, according to a poll released on Friday. U.S. homeowners predicted their home values would fall by 2.2 percent in the year ahead, the biggest anticipated decline in the past few years.

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