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Ford balance sheet in good shape: CEO

Ford Motor Co, the only U.S. automaker not to file for bankruptcy this year, has a sound balance sheet and is seeking to further reduce debt, Chief Executive Alan Mulally said on Wednesday.

Blackstone plans China subsidiary, yuan fund: sources

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HONG KONG/NEW YORK - U.S. private equity firm Blackstone Group LP is in talks with the Shanghai city government to set up a wholly-owned China subsidiary as it prepares to launch a local currency private equity fund, sources said on Thursday.

Obama team tries to regain momentum on healthcare

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President Barack Obama's administration sought to regain momentum on healthcare reform on Wednesday as lawmakers, stunned by the trillion dollar price tag, delayed the legislative timetable for the program.
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As Wall St ails, oil traders weigh return to roots

For a growing number of oil traders, there's a new math at work in the traditional career calculus: why take the stress, long hours and uncertainty of a Wall Street job when the easy money is in physical trading?
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Obama finds some promises hard to deliver

Like all presidents, Barack Obama is finding it hard to deliver on some of the campaign promises he made last year, in some cases disappointing many ardent supporters who were critical to his election.
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Deutsche, Morgan tapped for AIA IPO role: sources

Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as joint global coordinators for the more than $4 billion IPO of its Asian life insurance unit, banking sources said on Thursday.
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Holes seen in U.S. climate bill's consumer shields

The U.S. climate bill would not do enough to protect consumers from future energy costs and gives away too many permits to power and natural gas distribution companies to pollute with carbon dioxide, environmental groups said.
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AIG picks Deutsche, Morgan for joint AIA IPO role

Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as its joint global coordinators for a more than $4 billion IPO of its Asian life insurance unit, sources said on Thursday.
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U.S. stock index futures mixed; eyes on banks

Dow Jones futures rose 0.1 percent and S&P 500 futures also rose 0.1 percent while Nasdaq futures fell 0.2 percent by 0913 GMT, suggesting a mixed start for U.S. stock markets on Thursday.
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China could yet buy more U.S. debt: former c.banker

China could still increase its holdings of U.S. Treasuries if the dollar is stable, even though the long-term trajectory is to diversify its foreign exchange reserves, a former central bank governor said in an essay.
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Microsoft makes gains with Bing

Microsoft Corp's Bing search engine won more market share from rivals last week, according to new industry data released on Wednesday, but still trails Google Inc and Yahoo Inc.
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U.S. wireless providers debate about competition

Amid complaints by smaller competitors that exclusive agreements by dominant wireless phone companies and handset makers hurt competition, AT&T said on Wednesday that competition in the industry is robust and it will increase over time.

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