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Geithner says consumers need financial protection

The Obama administration is mulling a new agency to better protect consumers who buy financial products or take out mortgages from practices like those that led to the current financial crisis, U.S. Treasury Secretary Timothy Geithner said on Thursday.

UK risks losing AAA rating

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Britain risks losing its precious triple-A credit rating because of the danger that government debt may soar close to 100 percent of GDP, and uncertainty over policy before an election due by next year.

Geithner says mulling new consumer protections

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The Obama administration is mulling a new agency to better protect consumers from practices like those that led to the current financial crisis, U.S. Treasury Secretary Timothy Geithner said on Thursday.
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Suspects in NY jihad plot due in court

New York's mayor and police chief sought to calm Jewish worshipers on Thursday, the morning after authorities said they foiled a plot to blow up two synagogues and simultaneously shoot down military planes.
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Obama tries to ease fears over Guantanamo

President Barack Obama sought on Thursday to quell a domestic backlash against his efforts to close the internationally condemned U.S. prison at Guantanamo Bay and roll back some of the most divisive Bush-era anti-terrorism policies.
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Target says RiskMetrics report has flaws

A report by a leading proxy advisory firm that sided with activist hedge-fund manager William Ackman in his attempt to win seats on Target Corp's board contains statements that are inaccurate or misleading, the discount retail said.
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Geithner says mulling new U.S. consumer protections

The Obama administration is mulling a new agency to better protect consumers from practices like those that led to the current financial crisis, U.S. Treasury Secretary Timothy Geithner said on Thursday.
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T2 warns of

Whitney Tilson, the outspoken founder of hedge fund T2 Partners LLC, is girding for a deeper mortgage market meltdown after being singed in his first foray into the credit crisis' most toxic of securities -- subprime bonds.
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U.S. housing IPO stalls, auction process abandoned

The initial public offering of the financial instrument for betting on U.S. home prices has failed because its auction could not generate a balance of investor interest in the product's two linked trusts, according to a filing with the U.S. Securities and Exchange Commission.
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U.S. mortgage rates fell in latest week: Freddie Mac

U.S. mortgage rates fell in the latest week, trekking closer to a record low set last month. Interest rates on U.S. 30-year fixed-rate mortgages fell to 4.82 percent for the week ending May 21, down from the previous week's 4.86 percent, according to a survey released on Thursday by home funding company Freddie Mac.
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Baghdad, Kirkuk suicide bombers kill 19: police

Suicide bombers killed at least 19 people in Iraq on Thursday in separate attacks in Baghdad and the northern city of Kirkuk, security officials said, underscoring the fragility of Iraq's security gains.
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Intruder had vision Suu Kyi in danger: lawyer

The American man at the center of the trial against Myanmar opposition leader Aung San Suu Kyi swam to her house after having a vision that her life was in danger, Suu Kyi's lawyers said on Thursday.
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FACTBOX: Details about the U.S. prison at Guantanamo Bay

President Barack Obama on Thursday will discuss his plan for closing the U.S. military prison at Guantanamo Bay, Cuba, in an effort to stop a revolt by lawmakers concerned that some of the detainees could be set free in the United States.
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Barnes & Noble results beat view and raises outlook

Barnes & Noble Inc reported a narrower-than-expected quarterly loss and raised its full-year outlook on Thursday, helped by cost cuts and sales that topped expectations, and its shares rose nearly 5 percent.
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Pakistan says nuclear reports are malicious

News reports about Pakistan's nuclear arsenal, including questions about its safety, are part of a malicious campaign that is counter-productive to efforts to defeat terrorism, a Pakistani spokesman said on Thursday.

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