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Obama vows to finish U.S. Gulf Coast recovery

U.S. President Barack Obama pledged on Sunday to finish restoring the Gulf Coast area hit by Hurricane Katrina, five years after the storm ravaged the region and hurt the credibility of his Republican predecessor.

Sanofi makes $18.5 billion Genzyme offer public

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France's Sanofi-Aventis on Sunday publicly disclosed its $18.5 billion, $69-per-share cash offer for Genzyme Corp in a bid to rouse shareholders after failing to engage the U.S. biotechnology company in merger talks.
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Gene testing war looms for AstraZeneca heart drug

Gene testing is shaping up to be a marketing battleground for new blood thinners like AstraZeneca's Brilinta, underscoring the power and limitations of genetics as a tool to predict medical outcomes.
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European guidelines back use of Sanofi's Multaq

Sanofi-Aventis's new heart rhythm drug Multaq should be considered as a first-line treatment option for patients with atrial fibrillation, a common arrhythmia, according to medical guidelines released on Sunday.
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Omega-3 margarines fail to help in heart study

Giving patients with a history of heart attacks a margarine enriched with omega-3 oils in addition to standard drugs appears to make no difference to their chances of having a repeat attack.
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Iraqis say war not ending despite U.S. drawdown

U.S. President Barack Obama's message this weekend that Iraq would chart its own course may have been welcome news for war-weary Americans, but it has fuelled anxieties about the future among Iraqis.
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Bernanke soothes hawks with nod to stimulus risk

Federal Reserve Chairman Ben Bernanke has smoothed the ruffled feathers of anti-inflation hawks at the Fed by indicating he will only press for more policy easing if the U.S. economic slowdown worsens.
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Iraq says sale of donated U.S. computers legal

Computer equipment worth $1.9 million which the U.S. military says was a gift for Iraqi schoolchildren but was auctioned off for less than $50,000 was sold legally, Iraq's customs authority said Sunday.
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Investors embark on treacherous month

Beaten-up investors go into September, historically a weak month for stocks, facing key reports on jobs, manufacturing and services. If those disappoint, the S&P 500 could breach technical support levels, pushing stocks yet lower.
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England coach regrets way he handled Beckham decision

England coach Fabio Capello said he regretted the way he announced the end of David Beckham's international career but added he still had a good relationship with the former captain who would make a top manager one day.
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EU prods China for faster yuan rise - G20 draft

The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.
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China seeks fresh nuclear talks with North Korea

China is lobbying neighbours to sign up to a road map for renewed nuclear disarmament talks with North Korea, whose leader Kim Jong-il is visiting China amid conciliatory words and threats of holy war.
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EU prods China for faster yuan rise: G20 draft

The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.
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Fiscal alchemy must mimic monetary science

Tax and budget policies need the same regularity and independence as monetary policy if countries around the world are to cope with looming stresses from pension programs, world central bankers were told at a Federal Reserve conference on Saturday.

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