BARACK OBAMA

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China & U.S. war over auto, chicken after tires

China has started investigation procedures on auto and chicken products originally produced in the United States, Yao Jian, spokesman with the Ministry of Commerce (MOC), told a press conference on Tuesday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.

Buffett says U.S. economy has not turned up

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The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the terror that followed last year's near- collapse of the financial system is gone, due in part to government intervention, Warren Buffett said on Tuesday.
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U.S. retail sales surge as economy gains strength

U.S. retail sales rose in August at the fastest pace in 3-1/2 years and a gauge of New York State manufacturing hit a near two-year high, offering hope for a solid recovery from a severe recession.
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U.S. envoy presses for deal on Israeli settlements

U.S. envoy George Mitchell and Israeli Prime Minister Benjamin Netanyahu ended more than two hours of talks Tuesday without any sign of a deal on a settlement freeze crucial to restarting Middle East peace talks.
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Senate healthcare bill still on track

Negotiators on the U.S. Senate Finance Committee worked to pare the costs and complete the details of a broad healthcare overhaul on Monday, with chairman Max Baucus saying he was still on track to produce a bill this week.
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Leno launches prime-time television experiment

Jay Leno launched his NBC prime-time TV talk show on Monday -- a venture whose success or failure is being closely watched by the industry -- with familiar offerings including a topical monologue and chats with fellow comedian Jerry Seinfeld and a repentant Kanye West.
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China says data shows U.S. tire tariff not fair

China unveiled data on Tuesday that showed tire exports to the United States actually fell in the first half of 2009, rebutting Washington's accusations it had breached its WTO agreements by flooding the U.S. market.
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BofA-SEC bonus pact rejected; Cuomo eyes charges

A federal judge rejected Bank of America Corp's $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York's top legal officer prepared possible civil charges against bank executives.
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Wall Street gains as merger activity boosts mood

Stocks rose on Monday as reports of more merger activity added to a string of recent deals, suggesting investors still see value in the market after its run-up of more than 50 percent since March.
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Wall Street gains as merger activity lifts mood

Stocks rose on Monday as reports of more merger activity, added to a string of recent deals, suggested investors still see value in the market after its run-up of more than 50 percent since March.
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BofA-SEC bonus settlement rejected

A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's $33 million settlement over Merrill Lynch & Co bonuses as a contrivance that deprives shareholders of the truth.
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U.S. tire duties fuel trade tension with China

A U.S. decision to impose special duties on Chinese tires could trigger a host of trade complaints against Chinese products and a backlash from Beijing, creating tensions as Western nations seek China's support at a G20 meeting.
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Obama warns Wall Street to get behind reforms

President Barack Obama warned financial firms on Monday to heed the lessons of Lehman Brothers' collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year.
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Obama tries to reinvigorate Wall Street reform

President Barack Obama, marking a year since Lehman Brothers collapsed, urged financial firms on Monday not to fight regulatory reform and called on Congress to pass his proposals by the end of the year.
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Stocks rise, helped by utilities

Stocks edged higher on Monday, helped by utilities after a news report that China's sovereign wealth fund is eyeing a stake in U.S. power company AES Corp .
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Wall St flat amid U.S.-China trade spat

U.S. stocks were little changed on Monday after the United States imposed special duties on Chinese tires, raising investors' concerns about trade friction between the two economic powers.

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