UNITED STATES

Ally profit falls as mortgages weaken

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Ally Financial Inc, the former General Motors Acceptance Corp, posted lower quarterly profit, hurt by bad mortgages made before the housing crisis.
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Pfizer drugs wilt, lower-margin units shine

Pfizer Inc reported disappointing quarterly revenue on declining demand for its prescription medicines, exposing the risks the world's biggest drugmaker would face if it sells better-performing units like its nutritional products business.

We must stand with Pakistan: McCain

Senator John McCain declared that the United States must stand with Pakistan, despite the proliferation of suspicions about how that country’s military and intelligence apparatus may have helped and supported terrorists, including Osama bin Laden.
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MasterCard profit rises 24 percent

MasterCard Inc's first-quarter profit rose 24 percent, beating expectations, as consumers spent more money on their credit and debit cards.
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Brent oil dips below $124 as dollar rises

Brent crude oil dipped below $124 a barrel on Tuesday as the dollar rose from a three-year low and traders weighed the impact on the market of al Qaeda leader Osama bin Laden's death.

Hackers Hit Another Sony Service

Sony Corp. said that hackers had breached the Sony Online Entertainment site, resulting in it being shut down and compromising yet more customer information.
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Pfizer profit tops forecast, but revenue misses

U.S. drugmaker Pfizer Inc reported quarterly results roughly in line with expectations and said it expects by the second half of the year to complete its review of which company businesses are appropriate to keep.

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