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Chrysler takes first step to re-enter market : CEO

Chrysler Group LLC has taken the first step to re-enter the U.S. capital markets through filings with the U.S. Securities and Exchange Commission, the automaker's boss, Sergio Marchionne, said on Tuesday.

GM U.S. sales surge as incentives catch fire

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General Motors Co's sales in its home market surged by 46 percent in February as sales incentives including lease deals and cash offers for existing GM owners drove shoppers to dealerships.

Exclusive: U.S. small business borrowing up: PayNet

A customer counts U.S. dollar notes
Borrowing by small U.S. businesses rose in January from the prior year, data released by PayNet Inc on Tuesday showed, but fell compared to December, underscoring the recovery's slow slog. The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses, rose 14 percent
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Anti-government protesters shout slogans during a protest demanding the ouster of Yemen's President Ali Abdullah Saleh outside Sanaa

Protests in Yemen intensify; president blames U.S., Israel

Continuing anti-government protests has brought tens of thousands of people to the capital of Yemen, again demanding the resignation of President Ali Abdullah Saleh, one day after he proposed the formation of a new unity government which would include opposition members.
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Bernanke sees little effect on U.S. from pricey oil

The recent surge in oil prices is unlikely to have a big impact on the U.S. economy, but could lead to weaker growth and higher inflation if sustained, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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Stock futures suggest higher open

U.S. stock index futures pointed to a positive open on Tuesday but gains could be capped by a jump in oil prices as investors awaited testimony from U.S. Federal Reserve Chairman Ben Bernanke.
Cancun, Mexico

Mexico vies to become top tourist destination

Within weeks from declaring 2011 to be Mexico's “year of tourism,” the country's president Felipe Calderon said that the government aims to make Mexico the world's top fifth tourism destination by 2018.
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Tenet Healthcare Stock Hit New High On Q4 Results

Shares of Tenet Healthcare Corp. (THC) touched a new 52-week high of $7.27 on Monday. The company said Friday that its fourth quarter earnings more than tripled as patient visits improved signaling better consumer confidence.
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China, India PMIs show inflation pressures

Costs for Chinese and Indian factories jumped in February, pointing to a need for more measures to prevent inflation from undermining the world's two fastest-growing economies, surveys showed on Tuesday.
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Oil rises on supply concerns; world stocks up

Oil prices rose back above $112 a barrel on Tuesday due to concerns over unrest in the Middle East, though stock markets shrugged off the move, preferring to focus on optimism over the outlook for the U.S. economy.
Vertex Pharmaceuticals

Vertex Pharma Stock Hit New High On Positive Cystic Fibrosis Study

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) announced positive results on Wednesday from a late-stage STRIVE study of its oral drug VX-770 for treatment of cystic fibrosis, a genetic disease that impairs the lung. The shares of the drugmaker touched a new 52-week high of $46.75 on Monday.
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February auto sales seen up but oil risk looms

U.S. auto sales are expected to show a gain of about 20 percent from the still-depressed levels of a year earlier in February, but the recent rise in oil prices could slow or even derail the industry's recovery, analysts and industry executives say.

Bernanke to tread cautiously before Congress

Federal Reserve Chairman Ben Bernanke will likely remain skeptical about the strength of the economic recovery in testimony on Tuesday, despite recent data pointing to improvement, signaling the central bank is unlikely to cut short its $600 billion stimulus plan.
Macau

Macau gambling revenue jumps 48 pct in Feb

Casino revenue in Macau jumped 47.7 percent in February to 19.86 billion patacas ($2.5 billion), the Macau government said on Tuesday, driven by a torrent of gamblers from mainland China to the world's largest gaming market.
China to stay a low-key gambler in Middle East

China to stay a low-key gambler in Middle East

Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips for uncertain political gains.

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