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Oil steadies after near 5 pct slide

Oil steadied on Tuesday after the previous session's near 5 percent slide, supported by a rebound in equity markets and expectations for a fifth weekly drop in U.S. crude inventories.

Dollar inches down vs. yen as Fed statement awaited

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The dollar crept lower against the yen on Tuesday as investors waited for a Federal Reserve statement that will be scrutinized for any signs of a shift in the central bank's vigilant stance on inflation.
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Asian stocks, dlr steady after Wall St rebound

Asian stock markets steadied on Tuesday and the dollar held on to gains versus the yen following a rally on Wall Street, but lingering concerns about a global credit squeeze kept many investors sidelined.
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Countrywide says had $187 bln liquidity at June 30

Countrywide Financial Corp said on Monday it had access to $186.5 billion of cash as of June 30, as the largest U.S. mortgage lender attempts to assure nervous investors it expects to survive a credit crunch that has claimed dozens of smaller rivals.
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Toyota sees its world output at 10 mln units: report

Toyota Motor Corp has told its parts makers that it is planning global output of over 10 million vehicles in 2008, up more than 6 percent from its plans this year, the Nikkei business daily reported on Tuesday.
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Judge overturns $1.5 bln ruling against Microsoft

A U.S. judge on Monday threw out a record $1.5 billion verdict against Microsoft Corp, ruling the world's largest software had not infringed on audio technology patents held by France's Alcatel-Lucent.
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Bear Stearns may be attractive for JPM, BofA, HSBC

Banks including JPMorgan Chase, Bank of America and HSBC might be interested in buying Bear Stearns Cos at the right price, but there would be real obstacles to a deal happening anytime soon, analysts said.
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Mortgage buyer Luminent suspends dividend

Luminent Mortgage Capital Inc on Monday said it suspended its 32 cents per share quarterly dividend and is exploring options to boost liquidity, becoming the latest casualty of the U.S. housing downturn.
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Few expect home prices to rise soon

Half of American homeowners do not expect their house to gain in value in the coming year although those who said the value of their property was declining appeared stable, according to a survey.
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Oil slides 5 percent on economy worries

Oil prices fell more than 5 percent on Monday, the biggest slide since December 2004, as concern about the U.S. economy rippled through financial and commodity markets.
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Chrysler's new CEO declines to detail salary package

Robert Nardelli, who was named to head Chrysler LLC on Monday by its new owner Cerberus Capital Management, declined to detail his compensation package, but said it would be tied to the automaker's progress in its turnaround. Nardelli was widely criticized for a pay and severance package seen as excessive during his term as chief executive of retailer Home Depot Inc.
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American Home Mortgage files for bankruptcy

American Home Mortgage Investment Corp., a large home lender catering to people considered good credit risks, completed its rapid descent on Monday when it filed for Chapter 11 bankruptcy protection.
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Lenovo to sell laptops with Linux

Lenovo Group Ltd., the world's No. 3 PC maker, said on Monday it would start selling laptop computers preloaded with Linux software from Novell Inc. instead of Microsoft Corp.'s Windows operating system.
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Cerberus taps Nardelli to run Chrysler

Cerberus Capital Management on Monday named former Home Depot Inc. Chief Executive Robert Nardelli as chairman and chief executive of Chrysler LLC in an executive shake-up just after the private equity firm completed a deal to acquire the struggling No. 3 U.S. automaker.
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China to send North Korea fuel oil in nuclear deal

China is to provide energy-starved North Korea with 50,000 tonnes of heavy fuel oil in mid-August as part of a nuclear disarmament deal Pyongyang reached with regional powers in February, Yonhap news agency said on Sunday.

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