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Ford, UAW talks to have different dynamic: CEO

The tenor of upcoming contract talks between Ford Motor Co and its union will be different from years past, with an emphasis on improving competitiveness and maintaining earnings momentum, Ford Chief Executive Alan Mulally said on Thursday.

Treasury: no plans to sell GM shares until August

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The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

Ericsson's cautious outlook takes shine off shares

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Ericsson, the world's biggest mobile network equipment maker, gave a cautious outlook on Thursday which sent its shares lower even though the firm stuck to sales and profit growth targets for the next three years.
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Bin Laden Aimed for High Body Counts

Osama bin Laden's journal found by U.S. sources who raided his northern Pakistan mansion last week reveals the deceased al-Qaeda leader urged followers make a single attack that would kill thousands of Americans, look beyond New York to other U.S. cities, and strike on significant days, according to a report.
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Core producer prices rise 0.3 percent in April

U.S. core producer prices rose 0.3 percent in April for the second consecutive month, while the increase from a year ago was the largest since August 2009, the Labor Department said on Thursday.
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Wall Street slips with commodities, inflation fears

U.S. stocks slid on Thursday as falling commodity prices prompted an unwinding of bets on risky assets and raised questions about the strength of the economic recovery, while a sour outlook from Cisco hurt technology stocks.
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Allstate puts its April storm losses at $1.4 billion

Allstate Corp said it suffered $1.4 billion in catastrophe losses from April tornadoes, and the largest publicly traded U.S. home and auto insurer said it will now make a regular practice of releasing such loss figures.
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Retail sales rise on food and gas

The economy struggled to gain momentum early in the second quarter, with retail sales posting their smallest rise in nine months in April and wholesale prices increasing more than expected.
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Gold Diversification Doubted As Commodity Slump Continues

Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.
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Retail sales post smallest rise in nine months

The economy struggled to gain momentum early in the second quarter, with retail sales posting their smallest rise in nine months in April and wholesale prices increasing more than expected.
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Stock futures slide with commodities, Cisco

U.S. stock index futures fell on Thursday as a continuing slide in commodities prompted an unwinding of bets on risky assets, including equities, while a sour outlook from Cisco hurt technology stocks.
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Own Google Chromebook at $28 per month

Google’s first Chromebook from Samsung and Acer’s new web-centric PCs can be monthly subscribed at $28/user for businesses and $20/user for schools.

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