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U.S. Senate approves broad healthcare overhaul

The U.S. Senate approved President Barack Obama's healthcare overhaul on Thursday, backing sweeping changes in the medical insurance market and new coverage for tens of millions of uninsured Americans.
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Memory chip shortage seen in H2 2010: DRAMeXchange

Memory chips for computers are likely to be in short supply by the second half of next year as consumers demand more capacity and companies embark on a delayed drive to replace PCs, industry tracker DRAMeXchange believes.
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Susan Sarandon and Tim Robbins split

Oscar winning actors Susan Sarandon and Tim Robbins have split up after more than two decades together, Sarandon's representative said on Wednesday.
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Stanford's lawyers, family seek pretrial release

Alleged swindler Allen Stanford's lawyers and family have again asked a federal judge to order his release from prison pending trial, citing his physical and mental deterioration and inability to help prepare his defense.
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Lyondell creditors seek to expand examiner's probe

Creditors of bankrupt Lyondell Chemical Co asked a U.S. judge to expand the investigation of the company's court-appointed examiner on Wednesday to ensure the petrochemicals company is fairly evaluating proposals from potential suitors.
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U.S. consumer spending rises, new home sales slump

U.S. consumer spending rose in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales to a seven-month low was a reminder that the economic recovery would be bumpy.
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IMF approves $1.2 billion payment to Pakistan

The International Monetary Fund has approved a $1.2 billion aid payment to Pakistan after concluding a review of the country's economic performance, the fund said in a statement on Wednesday.
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Citi, Wells Fargo repay TARP money

Wells Fargo & Co and Citigroup Inc repaid a total of $45 billion to the United States on Wednesday, as major banks look to reduce government influence over their affairs.
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Daily Forecast 24/12/2009

In local trade yesterday the Aussie struggled to break from a tight range between 0.8750 and 0.8780 entering offshore exchanging near the bottom of the band at 0.8755.
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Small and mid-cap banks need not hurry to repay TARP

Small and mid-sized U.S. banks can hold off on repaying funds under the Treasury's Troubled Assets Relief Program, as they may escape government pressure to raise capital and face less taxpayer scrutiny over compensation practices.
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Volvo's Chinese journey

News that Ford expects to finalize the sale of Volvo to China's Geely in the first half of 2010 caps a year that saw China overtake the United States as the world's biggest auto market, something that would have been unthinkable only a few years ago

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