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GM's Whitacre to stay on as CEO; search dropped

General Motors Co Chairman Ed Whitacre said on Monday he would stay on as chief executive indefinitely, ending an eight-week search for his successor in a move intended to bring stability to the automaker's turnaround plans.
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Cayman Islands may be Wall St's scapegoat: economist

The Cayman Islands and other offshore money centers could become scapegoats unless regulation is stepped up on Wall Street's biggest banks to avert another potential financial crisis, a former IMF chief economist warned.
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US conditionally OKs Ticketmaster, Live Nation deal

Ticketing giant Ticketmaster Entertainment and concert promoter Live Nation won U.S. antitrust approval to merge on the condition that Ticketmaster divests certain assets and license its primary ticketing software, the Justice Department said on Monday.
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DEALTALK-With AIG, US taxpayers in for long wait

AIG's talks to sell its foreign life insurance business offer hope that U.S. taxpayers might recoup their investment in the bailed-out insurer, but it is far from getting off federal life support.
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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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