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Chrysler details terms of bond offer, term loan

Chrysler Group LLC detailed terms of a bond offering and term loan on Thursday that will be used to repay high-cost government loans and put the U.S. automaker on firmer financial ground.

Zombie Apocalypse campaign crashes website

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A blog post by the U.S. Centers for Disease Control and Prevention that mentions a zombie apocalypse as a lighthearted way to get Americans to read about preparing for hurricanes drove so much traffic that it crashed the website, the agency said Thursday.

Walmart eager on tablets, expands wireless focus

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The tough task of selling electronics should ease up a bit as shoppers scoop up tablets and television prices stop plunging, the head of Wal-Mart's U.S. entertainment division said on Thursday.
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Facebook looks at China

Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world's No. 1 social networking company looks for the best way to expand into that country.
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New Jersey added 14,000 jobs in April

The number of jobs in New Jersey increased by 14,000 during the month of April, the state's Department of Labor and Workforce Development announced Thursday. It was the third consecutive month that the Garden State recorded job growth. The state added 13,400 private-sector jobs and 600 public jobs, while the unemployment rate remained 9.3 percent.
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Chrysler raises $6.2 billion in new debt: sources

U.S. automaker Chrysler Group LLC borrowed $6.2 billion to refinance high-cost government loans stemming from its 2009 bankruptcy restructuring, people familiar with the matter said on Thursday.

U.S. Will Not Pay $25 Million Osama Bin Laden Reward, officials say

The U.S. will not pay the $25 million reward for the capture of Osama bin Laden because the raid that killed the former al Qaeda leader was the result of electronic intelligence -- and an operational mistake by one his closest associates -- and not a human informant, ABC News reports U.S. officials saying.

Lower the Voting Age to 16: Pros and Cons

The German city-state of Bremen has just lowered the voting age to 16. Austria, Nicaragua, Brazil, Eduardo, Hungary, Slovenia, and Norway already allow 16-year-olds to vote in certain circumstances.
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Goldman cuts Intel to sell as supply glut looms, shares fall

Intel Corp could suffer due to slowing processor shipments, rising competition and record capital expenditure levels this year, warned Goldman Sachs analysts, who in a rare downgrade, cut their rating on the stock to sell, sending its shares down nearly 3 percent.
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West's oil agency urges OPEC: pump more, or else

The West's energy watchdog urged oil producers to boost supply to cut fuel costs, to protect economic recovery, and appeared to suggest its members could release emergency stockpiles if OPEC does not act.
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Data suggests second-quarter GDP may disappoint

Weak data on U.S. home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labor market's recovery was on track.

Dominique Strauss-Kahn offers to resign, race for successor on

It is confirmed that Dominique Strauss-Kahn has announced his resignation from as the International Monetary Fund (IMF) Chariman. He is amidst sexual assault charges and a growing pressure of doubt in his ability to run the organization. A resignation letter from Strauss-Kahn to the IMF board described his denial to the allegations and hopes of protecting the institution.

Obama's 'Arab Spring' Incentives: Billions for Egypt, Tunisia

President Barack Obama promised to support democracy in nascent revolutions in the Middle East on Friday, saying he would push for billions of dollars in financial incentives for Egypt and Tunisia on Thursday in the wake of uprisings across the region in recent months.
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Data suggest second-quarter GDP may disappoint

Weak data on U.S. home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labor market's recovery was on track.

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