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Pakistanis secure Swat town, clash in other areas

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Pakistani forces consolidated their hold on the main town in the Swat valley on Sunday and began trucking supplies to 40,000 civilians stranded there, as fighting flared in South Waziristan on the Afghan border.
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U.S. consumer spending eases in April

U.S. consumer spending fell in April, despite personal income posting the largest increase in 11 months, a government report showed on Monday, pointing to lackluster consumption activity in the second quarter.
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India says U.S. domestic policy crucial to climate deal

U.S. domestic policy on curbing carbon emissions is crucial for a global climate deal this year, a top Indian negotiator said on Monday, adding rich countries also had to provide a commitment on funding for poorer nations.
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PV Crystalox sees better 2010 for solar industry

PV Crystalox Solar expects 2010 will prove better for the solar industry as new stimulus packages take effect and as weak demand and inventory overhang that has hit pricing improves in the second half of this year.
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GM to file for bankruptcy, Chrysler sale cleared

General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
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Oil jumps to $68 on equities rally

Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
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Chrysler gets judge's approval for asset sale

A U.S. bankruptcy judge on Sunday approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
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Sony to launch smaller, lighter PSP: game websites

Japan's Sony Corp plans to sell a smaller and lighter PlayStation Portable handheld game machine later this year, according to video game websites which cite what they say is Sony's own promotional video clip.
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Bankruptcy judge clears Chrysler asset sale

A U.S. Bankruptcy Court judge approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
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GM to file for bankruptcy on Monday

General Motors Corp will file for bankruptcy on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
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Oil basks in equities' glow

Oil rose 1 percent to hit a fresh seven-month high on Monday as stock market optimism and sustained hope for a global economic recovery supported the market's best monthly gains in a decade.
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Economy, environment muddle oil outlook

A global economic downturn, lower but lately rising oil prices and an aggressive U.S. environmental agenda have made for one of the most bewildering energy investment landscapes in decades.
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Hedge funds worried Obama moves could backfire

U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.
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Geithner says U.S. committed to pull deficits down

U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.
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GM prepares for Monday bankruptcy filing

General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy filing before markets open on Monday.
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Can Government Motors succeed where GM failed?

General Motors Corp has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.
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GM trundles toward bankruptcy, but questions remain

General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy on Monday and heralding a new and uncertain era for the No. 1 U.S. automaker.
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Africa's upwardly mobile money

To 28-year-old Kenyan Mary Wanjiku, her cell phone is not just a cell phone. It is also a cheap, safe and easy way of sending her mother $40.
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Senators spar over remarks by top court nominee

Four key U.S. Senate Republicans on Sunday questioned past statements and legal decisions by Judge Sonia Sotomayor but stopped short of threatening to derail her nomination to the Supreme Court.

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