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Summers expects acceleration of job creation

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The Obama administration expects job creation to accelerate and Congress to approve financial reform legislation, White House economic adviser Lawrence Summers said on Sunday.
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Apple's iPad hits shelves; testing begins

Apple Inc's iPad hit stores on Saturday after months of buildup, igniting excitement and kicking off a critical sales period that will determine if the sleek tablet computer becomes the next blockbuster.
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Feds oppose separate trials in insider trading case

U.S. prosecutors on Friday opposed a request by accused Galleon fund founder Raj Rajaratnam and his main co-defendant for separate trials in what prosecutors have described as the biggest hedge fund insider-trading case ever in the United States.
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Wireless technology to improve life of diabetics

Online communities within-reach via mobile phones and the internet, can be easily utilized to help people with chronic disease like diabetes. The approach outlined in the International Journal of Networking and Virtual Organizations, would cut down healthcare costs and empower patients to manage their condition more effectively.
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Jobs, profit hopes may drive rally

Optimism about an improving labor market and corporate profits could propel U.S. stocks higher next week as earnings season approaches.
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Summers: Economy on path to growth: FT

The U.S. economy is on the path to achieving self-sustaining growth, although the jobs outlook remains uncertain, White House economic adviser Larry Summers said in a newspaper interview to be published on Saturday.
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Geithner eyes improved odds on China yuan rise

Treasury Secretary Timothy Geithner said on Friday the Obama administration wants to maximize the chances that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its interest.
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Carl Icahn unwinding Blockbuster stake

The billionaire investor Carl Icahn has slashed his ownership stake in Blockbuster Inc's Class A shares to below 5 percent, two weeks after the video rental company said it might seek bankruptcy protection and that its survival was in question.
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China journalist club shuts website after attack

The Foreign Correspondents Club of China said on Friday it had shut its website after a burst of hacker attacks, days after attacks on the Yahoo email accounts of some foreign journalists covering China were discovered.
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Obama: U.S. starting to turn the corner on jobs

President Barack Obama hailed new signs of an improving U.S. labor market on Friday as proof that we are beginning to turn the corner but warned it would still take time to achieve sustained job growth.
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White House: no decision on China currency report

The Obama administration has not decided to delay a report that could brand China a currency manipulator and Chinese President Hu Jintao's upcoming visit does not affect the issue, the White House said on Friday.
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U.S. gives electric cars initial 0 emission rating

The first 200,000 electric cars made by each automaker will be given a zero emissions rating under new U.S. fuel efficiency rules, after which the smokestack emissions of power plants will be included.
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Private sector hiring lifts March payrolls

U.S. employers created jobs in March at the fastest rate in three years as private firms stepped up hiring, the strongest signal yet that the economic recovery is on a solid footing and needs less government help.
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Startup helps inner-city businesses find funding

Few small businesses would choose to set up shop in a poorer section of town, but at a time when capital is hard to come by, the financial benefits for inner-city entrepreneurs can be significant.
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US defers China currency manipulator decision: report

The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a nuclear proliferation summit, the New York Times reported on Friday.
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U.S. workers more confident of jobs, higher pay

Increasingly confident about the job market, U.S. workers expect higher pay in a economic recovery or many of them will be hunting for new jobs, according to research released on Friday.
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U.S. defers China currency manipulator decision: report

The Obama administration will defer a decision on whether to name China a currency manipulator until well after President Hu Jintao visits Washington for a nuclear proliferation summit, the New York Times reported on Friday.
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Too soon to know H1N1 vaccine total: U.S. official

(Reuters) - It is too soon to determine whether tens of thousands of doses of H1N1 swine flu vaccine may have to be thrown out if they are not used before their expiration date, a U.S. health official said on Thursday.

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