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Stocks climbs as Bernanke approval firms

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U.S. stocks moved higher on Monday as signs that Fed Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped lift shares beaten down in last week's sell-off, such as technology stocks.
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Feisty Obama: I won't stop fighting for you

I won't stop fighting for you, he thundered in a campaign-style speech in economically sagging northeastern Ohio, remarks that provided a likely preview of the themes in his first State of the Union speech next Wednesday.
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UBS appoints Shear, Hoornweg for securities roles

Carsten Kengeter, co-chief executive of UBS Investment Bank, is stepping back from his additional role as joint head of fixed income, currencies and commodities , following two high profile appointments in the securities business. UBS appointed Neal Shear, 55, as head of global securities on Monday and named Roberto Hoornweg, 41, as global head of securities distribution, as it loo...
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China steps up defense of Internet controls

China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.
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Bernanke's prospects brighten; vote seen this week

U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
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Major U.S. residential real estate deal falls apart

The landlords who acquired a massive apartment complex in Manhattan in 2006 for a record sum have decided to give up control of the property to their lenders, as the biggest residential real estate deal in U.S. history has collapsed after a missed debt payment.
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Haiti plans to relocate quake surviors

Haiti could start relocating nearly half a million homeless earthquake survivors from its ruined capital this week, the government said on Monday, as foreign donors mapped out a long-term rebuilding plan.
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Duke Energy unit to buy 14 megawatt solar project

Power company Duke Energy said its commercial business unit, Duke Energy Generation Services (DEGS), agreed to buy a 14 megawatt Blue Wing Solar Project from juwi Solar Inc, a unit of Germany's juwi Holding AG.
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Conergy aims for refinancing deal by end: Q1

Solar company Conergy paved the way for striking a refinancing deal by the end of March thanks to a breakthrough settlement with wafer supplier MEMC, its CEO told Reuters on Monday.
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Stocks up after slide, but caution persists

U.S. stocks edged higher in choppy trade on Monday as investors scooped up shares beaten down in last week's sell-off, including materials and technology stocks, but caution persisted over plans to curb bank risk-taking.
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Home sales tumble as tax credit lift wanes

Sales of previously owned homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support.
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Hopes flicker for Saab future

Hopes tiny Dutch car maker Spyker can yet rescue Sweden's failing Saab automobile brand and the 3,400 jobs that depend on it flickered back into life on Monday.
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Stocks rise on Bernanke reconfirmation optimism

U.S. stocks rose on Monday, set to snap a three-session sell-off that wiped out index gains for the year, as U.S. Federal Reserve Chairman Ben Bernanke edged closer to winning support for a second term.
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Tishman, BlackRock quit huge NYC housing complex

A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.
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Wal-Mart cuts 11,200 jobs at Sam's Club

Sam's Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members.
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Oil slips towards $74, close to one-month low

Oil prices slipped slightly on Monday to approach a one-month low near $74 a barrel on continuing signs of weak demand and concerns over a U.S. proposal to tighten bank trading rules.

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