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World stocks tick higher; euro, oil fall

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World stocks rose for a second straight day on Wednesday thanks to favorable U.S. and European corporate earnings, while the euro slipped on uncertainty over whether debt-laden Greece would need additional financial aid.

OPEC delegates see oil price fall as welcome

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Oil's sharp slide this week is welcome because high prices may hurt the world economy and in the longer term accelerate the use of alternative fuels, OPEC delegates said on Friday.
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Sony CEO apologizes for data theft; shares fall

Sony Chief Executive Officer Howard Stringer apologized to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever, but failed to provide a date when services would resume.
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Pfizer drug sales fall but lower-margin units shine

Pfizer Inc posted disappointing revenue for Lipitor and other medicines, exposing the risks the world's biggest drugmaker faces if it sells better-performing units like its nutritional products business.
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Pfizer drug sales fall, lower-margin units shine

Pfizer Inc reported disappointing revenue for Lipitor and other medicines, exposing the risks the world's biggest drugmaker faces if it sells better-performing units like its nutritional products business.
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Asia stocks fall, Canadian dollar gains

Asian shares fell on Tuesday, with falling commodity prices dragging on mining stocks, while the Aussie dollar eased after the central bank held interest rates and Canada's currency rose as the ruling Conservatives won a federal election.
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NetLogic revenue misses on China weakness; shares fall

Telecommunications chipmaker NetLogic Microsystems Inc's quarterly sales missed estimates and fell 2 percent over the last quarter as Chinese carriers tightened spending, and the company's shares slipped 5 percent after the bell.
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BP Q1 profits fall as oil spill still weighs

BP Plc reported a 2 percent drop in first-quarter profits, falling short of analysts' forecasts, as the lingering effects of the oil spill frustrated Chief Executive Bob Dudley's attempts to turn around the oil giant.
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Consumers perk up but home prices fall again

Consumers perked up a bit in April as they lowered their forecasts for inflation and worried less about the jobs market, but yet another fall in house prices underscored the challenges facing the recovery.
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Asian stocks, commodities fall as Fed meeting looms

Silver tumbled on Tuesday and Asian shares pulled back from recent three-year highs in a bout of profit-taking before the Federal Reserve meeting this week where investors are seeking clues on when it plans to begin exiting its ultra-easy monetary policy.
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Japan quake jolts auto output, Toyota may fall to No.3

Toyota Motor Co may slip to No. 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.
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Mid-Atlantic factories slow, jobless claims fall

Factory activity in the U.S. Mid-Atlantic braked sharply in April and the number of Americans claiming new jobless aid fell less than expected last week, implying the economy was struggling to regain momentum.
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Nissan: U.S. market share may fall due to parts

There is a risk that Nissan Motor Co's <7201.T> U.S. market share, which has been on the rise, may fall due to a lack of auto parts from Japan, North American Chairman Carlos Tavares said on Wednesday.
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Existing home sales rise, prices fall

Sales of previously owned U.S. homes rose more than expected in March, a trade group said on Wednesday, suggesting the housing market's downward trend may be close to hitting a bottom.
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Japan exports fall after quake, further fall likely

Japan's exports fell in March from a year earlier at a faster pace than economists expected, in a sign that shipments will continue to weaken and hurt economic growth after last month's earthquake and tsunami sparked a nuclear crisis and disrupted supply chains for many manufacturers.
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Asian stocks fall as sovereign debt risks pile up

Asian stocks slid on Tuesday, falling further from a three-year high hit last week as investors took profits on risks of a Greek debt restructuring in Europe and the long-term threat of a U.S. government debt downgrade.
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Treasury could sell GM shares in summer or fall: source

The Treasury could sell a big chunk of its remaining 33 percent stake in General Motors Co in the summer or fall, a person with knowledge of the matter said on Monday, although doing so may lead to more losses for it on the automaker's bailout.

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