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U.S. Treasury plans no GM bankruptcy next week: source

The U.S. Treasury Department has no plans to push General Motors Corp into a bankruptcy filing next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.

Treasury plans no GM bankruptcy next week

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The U.S. Treasury Department has no plans to push General Motors Corp into a bankruptcy filing next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.

H1N1 virus spreads in Asia

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The spread of the new H1N1 virus in Asia showed no signs of slowing Thursday as the Philippines recorded its first case and new infections were confirmed in Japan, China and Taiwan.
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RIM CEOs to donate $253 million to foundations

The co-chief executives of BlackBerry maker Research in Motion Ltd said on Thursday they would donate about C$290 million ($253 million) of RIM shares owned by them to two charitable foundations.
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Symbian sees smartphone market up 12-15 percent

Sales of smartphones are set to grow 12-15 percent in 2009, said Lee Williams, chief of the Symbian Foundation, the consortium of companies around the world's most popular smartphone operating system.
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U.S. money manager takes aim at subprime servicer

A money manager owned by Canada's Manulife Financial Corp is seeking to fire one of the largest subprime mortgage companies in the United States, claiming that Carrington Mortgage Services is unfairly tarnishing some bonds.
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Health authorities prepare to limit flu drug use

The two drugs used to treat the influenza should be used carefully and only when needed for the chronically ill, pregnant women and other vulnerable patients, global health officials said on Tuesday.
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NY lawyer Dreier pleads guilty to $400 million fraud

High-profile New York lawyer Marc Dreier pleaded guilty on Monday to criminal charges of running a $400 million investment fraud involving fake promissory notes, and a judge released him into house arrest until sentencing.
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Once-prominent NY lawyer pleads guilty to fraud

High-profile New York lawyer Marc Dreier pleaded guilty on Monday to criminal charges of running an investment fraud in the hundreds of millions of dollars involving fake promissory notes.
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Global unemployment rises: OCED

The Organization for Economic Co-operation and Development (OECD) said Monday the unemployment rate for the OECD area rose to 7.6% in March, 0.3 percentage point higher than the previous month and 2.0 percentage points higher than a year earlier.
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New flu spreads to China, kills third man in U.S.

The new flu strain spread to mainland China, state media reported on Monday, and killed a third person in the United States, as the number of cases of H1N1 influenza worldwide jumped to more than 4,300.
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Germany has plan for Opel if GM bankruptcy: paper

Germany has a plan to protect the assets of carmaker Opel from creditors if its U.S. parent General Motors is forced into bankruptcy next month, German Economy Minister Karl-Theodor zu Guttenberg said in an interview with a German weekly.
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Japan confirms 3 cases of new flu strain

Japan announced on Saturday its first confirmed cases of the new strain of flu -- a teacher in his 40s and two male teenage students who had spent time in Canada.
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Canada reports first flu death as U.S. cases climb

The new H1N1 flu killed its first patient in Canada, making it the third country after Mexico and the United States to report a death from the virus that has made more than 3,400 people in 28 countries ill.
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U.S. sheds fewest jobs in 6 months

U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
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Microsoft to buy game maker BigPark

Microsoft Corp said on Thursday it will buy computer game designer BigPark Inc for an undisclosed amount, as it pushes its strategy of producing exclusive games for its Xbox entertainment system.
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Global survey finds European Muslims isolated

Muslims living in European countries feel far more isolated than those living in the United States, according to a survey on coexistence, with a lack of access to education and jobs reinforcing a sense of ostracism.
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Putting It All Into Perspective

Tonight, instead of more charts that demonstrate an increasingly broken market, or links to mainstream media sources of exponentially diminishing value, I provide a selection
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Android phones rolling out in Canada in June

Rogers Communications Inc. will launch two mobile devices in June that will run on Google Inc.'s Android operating system, making it the first carrier in Canada to carry the so-called Google phone.

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