UNITED STATES

American Axle gets going concern notice

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American Axle & Manufacturing Holdings Inc's auditors have said the auto supplier may go out of business because of pressure on its main customers, General Motors and Chrysler , the company said on Friday.

U.S. trade gap narrows for record sixth month

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The U.S. trade deficit narrowed 9.7 percent in January to its smallest since October 2002, as both imports and exports tumbled for the sixth consecutive month in the face of shrinking global demand, a U.S. government report showed on Friday.
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Citi doesn't need more government aid: Parsons

Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.
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Madoff says felt compelled to deliver at any cost

Bernard Madoff, who cultivated a worldwide mystique as he churned out amazingly steady returns for his investors year after year, finally admitted it was all a lie, saying he had felt compelled to deliver at any cost.
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Japan stocks jump, lead Asia on U.S. bank hopes

Japan's Nikkei average leapt 5 percent and led Asian stocks higher on Friday, propelled by growing investor confidence that large U.S. banks will survive without government takeovers and may even profit.
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Samsung Elec, LG Display expect difficult year

Samsung Electronics and LG Display, two of South Korea's top technology companies, are bracing for a very difficult year and remain cautious on any near-term recovery in the battered sector.
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Japan leads Asian stock rise on U.S. bank hopes

A 5 percent surge in Japan's Nikkei average led a charge in Asian stocks on Friday, propelled by increasing confidence in the financial sector stemming from hopes that large U.S. banks will survive without a government takeover and may even profit.
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China says can spend more; U.S. banks cheer markets

China said it was ready to pump more money into its economy and saw a pick-up in trade, offering another glimmer of hope for the battered global economy as signs that big U.S. banks may be turning around lifted world stocks.
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Asia stocks rise for 4th day on U.S. bank optimism

Asian stocks rose for a fourth day on Friday, with Japan's Nikkei up 4 percent, helped by a smaller-than-expected decline in U.S. retail sales and hopes that the largest U.S. banks will survive without a government takeover.
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China's premier warns growth target will be tough

China's Premier Wen Jiabao reassured the world on Friday that China would deliver on its promise of 8 percent growth in 2009 despite a slate of challenges, and could roll out extra stimulus spending if needed to meet the goal.
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China's Premier says can add to stimulus if needed

China's Premier Wen Jiabao reassured the world that China could roll out extra stimulus measures if needed to deliver on its promise of solid growth in 2009, but said it would be a challenging year.
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Wall Street's

The three-day run-up in U.S. stocks on Thursday is bringing desperately needed relief for bruised investors, but the bounce off 12-year lows is stoking fears that it may be a little too rapid to be sustainable.
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Sirius XM to roll out iPhone app in second quarter

Sirius XM Radio Inc looks to expand the reach of its satellite radio service with the second-quarter launch of an iPhone application as it explores a potential marketing partnership with satellite TV provider DirecTV Group.
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Wall St. jumps on GE rating outlook, spending data

Stocks rose for a third day on Thursday on relief that a ratings cut by S&P in General Electric was just one notch and that no further cuts loomed, while retail sales data showed some stabilization in consumer spending.

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