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Michael Moore takes Capitalism censure to Japan

Firebrand director Michael Moore is in Japan to promote his latest documentary on the global economic meltdown, which he says should resonate in a nation that has already seen the dark side of capitalism.

Beyonce leads Grammys, Taylor Swift close behind

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R&B singer Beyonce led the field of Grammy contenders with 10 nominations on Wednesday, closely followed by teen country sensation Taylor Swift with eight, and both will compete for coveted album of the year.

GM's Lutz sees limited share for electric cars

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General Motors Co sees limited sales of electric cars over the next five years and will ramp up output of its much-anticipated Volt plug-in cautiously, the automaker's vice-chairman said on Wednesday.
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Bank of America to repay TARP

Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, based on extraordinary interest, its chief financial officer said.
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Iraq election decision postponed until Sunday

Iraqi Vice-President Tareq al-Hashemi said on Thursday he had postponed until Sunday a decision on whether to sign or veto an election law required for next year's critical poll, after a court gave him more time.
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McChrystal tells Afghans U.S. not leaving yet

The commander of U.S. forces in Afghanistan reassured top officials on Thursday that Washington was not planning an early exit, part of a charm offensive to sell President Barack Obama's new strategy on three continents.
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H1N1 pandemic starting to wane in some countries-WHO

H1N1 swine flu has not peaked yet but seems to be waning in Canada and the United States, signalling that the end of the pandemic may be on the horizon, the World Health Organisation (WHO) said on Thursday.
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Astra to pay up to $1.24 bln for Targacept drug

AstraZeneca has bought rights to an experimental antidepressant from Targacept in a deal worth up to $1.24 billion, boosting its pipeline and slapping a big endorsement on its U.S. biotech partner's drug.
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Stocks lose ground after services data

U.S. stocks lost ground on Thursday after data showing the U.S. services sector shrank unexpectedly in November offset Bank of America's plans to repay $45 billion in taxpayer bailout funds.
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Vivendi to sell NBCU stake to GE for $5.8 billion

Vivendi said on Thursday it had agreed to sell its 20 percent stake in U.S. media group NBC Universal to majority-owner General Electric for $5.8 billion, clearing the way for a separate deal under which GE would give Comcast Corp control over NBCU.
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Ex-Ford execs lead rival bid for Volvo - WSJ

A group led by former Ford Motor Co executives has submitted a revised bid this week for Ford's Volvo unit and hopes to beat the offer by Chinese carmaker Zhejiang Geely Holding Group, the Wall Street Journal reported citing people familiar with the situation.
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Sony sees robust early U.S. holiday demand

Japan's Sony Corp said it is enjoying robust demand for its PlayStation 3 game console and other electronic products so far in this holiday shopping season in the key U.S. market.
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Stocks pare gains after services data

U.S. stocks pared gains in early trading on Thursday, with the Dow industrials turning negative, after data showed the services sector unexpectedly contracted in November after two months of expansion.
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Geithner says need to cut budget deficit

Treasury Secretary Timothy Geithner on Thursday said it was vital to get U.S. budget deficits down in order to spur private-sector growth that creates jobs and predicted it will begin happening in 2011.
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Bernanke says Fed actions softened crisis blow

Federal Reserve Chairman Ben Bernanke, making a case for a second term, told Congress on Thursday the U.S. central bank's forceful actions prevented a devastating financial crisis from being even worse.
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More work needed to cut health costs: White House

Congressional efforts to revamp the U.S. healthcare system are not enough to stem soaring health costs or close the nation's budget gap, a top Obama administration official said on Wednesday, adding that current bills must be strengthened to help rein in spending.
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Executives expect U.S. to mull consumption tax

Corporate executives expect a value-added tax to be considered by the U.S. Congress in the next five years, according to a survey by tax and accounting firm KPMG released on Thursday.
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U.S. approves first ethical human stem cell lines

The U.S. government approved the first 13 batches of human embryonic stem cells on Wednesday, enabling researchers using them to get millions of dollars in federal funding as promised by President Barack Obama in March.
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U.S. jobless claims fall, point to labor market healing

New applications for U.S. jobless benefits unexpectedly fell last week to the lowest level in more than 14 months, suggesting a labor market edging toward stability, while productivity was less robust in the third quarter.

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