UNITED STATES

'Gang of Six' Debt Plan Could Hinge on Tea Party Support

All Eyes on Tea Party
The Gang of Six' debt plan, and President Obama's approval of its outline, has created momentum in Washington for a landmark deficit reduction package that would also avert a U.S. Government default, but two words could sap that momentum in a hurry: Tea Party.

Airbus eyes share of blockbuster U.S. order

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Shares in Airbus parent EADS cruised to their highest level in nearly four years on Wednesday, boosted by hopes of a potentially record airplane order set to be announced by American Airlines.
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Stock futures higher after Apple results

Stock index futures rose on Wednesday as continued strong earnings, including from Apple Inc , underscored the growing sense that companies were faring well despite the recent soft patch in the economy.
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T-Mobile to offer unlimited data plans

Wireless telecom firm T-Mobile USA said it will begin offering unlimited data service plans, in a move aimed at wooing customers of bigger rivals Verizon Wireless and AT&T Inc which had stopped offering such plans.
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Stocks gain on U.S. debt deal hopes; Europe summit eyed

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines helped Asia's beaten-down tech sector gain for a second day.
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Stocks gain on US debt deal hopes; Europe summit eyed

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines helped Asia's beaten-down tech sector gain for a second day.
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UAW says transplant deal possible in 2011

The United Auto Workers is talking with a lot of foreign automakers about representing their U.S. plants' hourly workers and could see a deal by year end, top union officials said.
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UAW talking to a lot of foreign carmakers

The United Auto Workers is talking with several foreign automakers about representing their U.S. plants' hourly workers and could see a deal by year end, top union officials said.
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Asian stocks gain on U.S. debt deal hopes, tech results

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines Corp helped Asia's beaten-down tech sector gain for a second day.
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Global stocks gain on U.S. debt deal hopes, tech results

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines Corp helped Asia's beaten-down tech sector gain for a second day.
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Chipotle profit misses as costs rise, stock down

Chipotle Mexican Grill reported a quarterly profit that missed Wall Street's view as margins were hurt by higher food prices and legal costs related to a federal probe of illegal immigrant hiring.
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Lawmaker aims to clean up swap rules

A House committee will race to clean up new rules on swaps before they take effect, the panel's chairman said on Tuesday, warning the rules will harm small and medium-size businesses.
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Goldman stumbles in commodities

Goldman Sachs on Tuesday blamed its commodities trading desk for much of the massive drop in trading profits in the second quarter, even after its own analysts correctly called for a pull-back in prices.
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Boeing offers to re-engine 737 for AMR: sources

Scrambling to rescue a potential $20 billion plane order from American Airlines, Boeing Co has offered to put a new engine on its current version of the 737, retreating from an ambitious plan to completely redesign its best-selling aircraft, sources said on Tuesday.
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Twitter-using Steelers player sues over lost endorsement deal

Pittsburgh Steelers running back Rashard Mendenhall is suing Hanesbrands Inc. for terminating an endorsement deal after the football player posted controversial messages on Twitter following the death of Osama bin Laden, his attorney said on Tuesday.
U.S. President Barack Obama, D-Ill.

Obama Hails 'Gang of Six' Debt Plan

President Obama Tuesday indicated his support for a new deficit-reduction plan that is gaining momentum in the U.S. Senate, calling it a very significant step and one that is broadly consistent with the significant reduction he seeks in the nation's budget deficit. If approved by Congress, the deal would avert a U.S. Government default.

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