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Admiral Prueher, General Franks leave BofA board

Bank of America Corp said on Friday retired Army Gen. Tommy Franks and retired Navy Adm. Joseph Prueher have resigned from its board, meaning more than a third of its board has stepped aside since late April.

U.S. states seek to join feds in AIG bonus probe

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U.S. states probing employee bonuses paid by American International Group Inc using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves.

Activision says may stop supporting Sony PS3: report

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Activision Blizzard Chief Executive Bobby Kotick said in a published report on Friday it may stop making video games for Sony's PlayStation 3, the No. 3 console in the United States, due to high costs and poor sales.
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Worldwide PC shipments fell in first quarter

Worldwide PC shipments took a major plunge in the first quarter of 2009, according to analysts figures released on Friday however, analysts said it's too early to know if the market has hit bottom.
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Rosy thoughts on U.S. economy clash with reality

U.S. financial markets entered a new era of good feelings in March on the back of sentiment surveys pointing to a rebound just around the corner, but hard economic data has yet to back it up.
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Ennis house in Los Angeles goes on sale

Ennis house - the mansion designed by US architect Frank Lloyd Wright that was used as a backdrop for movies like Blade Runner and TV show Buffy, the Vampire Slayer - has been put on the market for $15 million.
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Eleven states ask TARP chief for AIG bonus probe

Eleven U.S. states on Friday called for a deeper probe into the $165 million of bonuses that American International Group Inc awarded employees in a unit whose losses led to a federal bailout of the insurer.
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Switzerland strikes tax deal with U.S.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
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'Something different happening with new flu - CDC

The new strain of H1N1 flu is causing something different to happen in the United States this year -- perhaps an extended year-round flu season that disproportionately hits young people, health officials said on Thursday.
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Swiss strike tax deal with U.S.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
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Panasonic mulls Sanyo offer in July or Aug - Kyodo

Japanese electronics maker Panasonic Corp has made major progress in talks with anti-trust regulators on its planned takeover of Sanyo Electric Co Ltd, and is considering launching a tender offer for the smaller rival as early as next month, Kyodo news agency said.
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Iron ore pact to spark cautious M&A at BHP, Rio

Miner BHP Billiton will push for more acquisitions after sealing an iron ore venture with Rio Tinto, while funds from the deal and a linked rights issue could prompt Rio to dip its toes back into M&A.
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Stanford in court in massive fraud case

Texas billionaire Allen Stanford will appear in federal court in Virginia on Friday to answer allegations he orchestrated a massive fraud through his Antigua bank that bilked investors out of billions of dollars.
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Oil up towards $72 on economic prospects, Nigeria

Oil firmed toward $72 a barrel on Friday, gaining for a third day, supported by views on equity markets that the economy may be stabilizing and due to geopolitical concerns over key oil producers Iran and Nigeria.
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U.S. homes recovery distressingly slow: Reuters/UMich

A distressingly slow U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, makes it unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.
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Oil falls under $71

Oil slipped below $71 a barrel on Thursday in volatile trade as investors weighed signs of slightly better demand against concerns over the fragility of any economic recovery.
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Eight percent admit to downloading video illegally

Eight percent of all consumers in Britain, France, Germany and the United States admit to downloading video illegally from the Internet, according to a survey, showing the scale of the ongoing fight against piracy.
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Ex-Merrill exec denies talk of buying back bank

Former Merrill Lynch executive Winthrop Smith on Friday denied approaching Bank of America Corp Chief Executive Kenneth Lewis with two other former Merrill executives to discuss buying back all or part of the bank.

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