UNITED STATES

U.S. to assume Toyota/GM joint venture pensions

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The U.S. agency that insures corporate pensions will assume plans covering 5,800 workers and retirees of a joint venture in California between Toyota Motor Corp and General Motors Co that closes at the end of the month.

Data points to U.S. job market nearing rebound

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Private jobs data and a Federal Reserve report showed glimmers of improvement in the U.S. labor market last month, considered key to propelling the economic recovery, while the U.S. services sector grew at its fastest pace since the recession began.
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Obama lays out Volcker rule specifics for Congress

U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called Volcker rule from the Obama administration.
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Wall St flat as White House pushes regulation

U.S. stocks lost gains and were trading little changed on Wednesday as the White House stepped up its efforts to overhaul healthcare and bank regulation, sparking concerns about the potential impact on profits in those sectors.
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Obama urges 'final vote' on health reform

President Barack Obama on Wednesday called for Congress to decide upon health insurance reforms with an up-or-down vote in the next few weeks, the clearest indication yet that he favors passing a bill through the reconciliation process.
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General Growth ready to give suitors information

General Growth Properties Inc said on Wednesday it was ready to give suitors information, as it squared against creditors at a hearing over how much time it should be allowed to be the only party that can file a reorganization plan.
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HTC defends against Apple's suit

Taiwanese smartphone maker HTC defended itself against a brought on by Apple yesterday, saying it doesn't infringe, but develops its own technologies.
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Little room for hybrids, EVs in Europe for a decade

Hybrid and electric cars are the stars of motor shows, but the expensive technologies could take a decade to really hit European roads as automakers improve petrol and diesel cars to meet short-term emissions targets.
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Costco, BJ's miss profit estimates, Big Lots beats

A revival of consumer cost concerns did not boost results enough for the biggest U.S. warehouse clubs, as margin constraints weighed on Costco Wholesale Corp , while BJ's Wholesale Club Inc faced pricing pressure from rival supermarket chains.
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Data suggests a recovering job market

U.S. private employers eliminated fewer jobs last month, suggesting the job market may be on the mend, while the U.S. services sector grew at its fastest pace since the recession began.
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Data points to recovering job market

U.S. private employers eliminated fewer jobs last month, suggesting the job market may be on the mend, while the U.S. services sector grew at its fastest pace in more than two years.
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Consumer protection agency an urgent need: Soros

A new consumer protection agency is an urgent need as the United States seeks better financial regulation but putting it in the Federal Reserve is unacceptable, George Soros, chairman of Soros Fund Management, said on Wednesday.
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Private sector sheds fewer jobs in February

U.S. employers shed 20,000 private-sector jobs in February according to a report by ADP on Wednesday, fewer than the 60,000 jobs lost in January and inline with analysts' expectations.
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Private employers shed fewer jobs in February

Jobs shed by U.S. private employers in February dropped from the prior month, while U.S. firms' planned layoffs fell to the lowest since 2006, suggesting the job market may be starting to recover.

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