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GM set to cut 1,200 dealers

General Motors Corp is expected to slash up to 1,200 dealers as it struggles to dramatically pare down its operations and eliminate billions of dollars of costs ahead of an anticipated bankruptcy filing by the end of this month.

GM to cut up to 1,200 U.S. dealers: source

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General Motors Corp plans to eliminate up to 1,200 U.S. dealerships, which are expected to begin receiving notices from the embattled automaker as soon as Friday, a person familiar with the plan said.

CMBS market ok with General Growth rulings, so far

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Commercial mortgage bondholders took some comfort after a judge overseeing General Growth Properties' bankruptcy stopped short of a move that they say would have undermined the structures of their securities.
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West rebukes Myanmar on trumped-up Suu Kyi case

Western critics slammed Myanmar's ruling generals on Friday for pressing trumped-up new charges against detained opposition leader Aung San Suu Kyi, but the move drew only a mild rebuke from Asian neighbors.
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Europe recession deepened in Q1, may be low point

Europe sank to what may be the recession's low point in the first quarter of the year as tumbling German exports and investment plus further sharp drops in output elsewhere sped up the pace of a year-old contraction.
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GM to announce dealer consolidations Friday

General Motors Corp is expected to announce details of its U.S. dealer consolidation plans on Friday, just over two weeks before the automaker's deadline to complete a sweeping restructuring that could include bankruptcy.
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Honda CEO says 2009/10 is floor for earnings

Honda Motor Co's earnings will hit bottom this year and improve beyond that as demand in the United States returns in the second half, the Japanese automaker's chief executive said on Friday.
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U.S. consumer prices flat in April

U.S. consumer prices were unchanged in April from March as expected, but recorded their largest 12-month drop since 1955, government data showed on Friday, as sluggish consumer demand limited companies' pricing power.
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U.S. consumer prices unchanged in April

U.S. consumer prices were unchanged in April as expected, but recorded their largest 12-month drop since 1955, government data showed on Friday, as sluggish consumer demand limited companies' pricing power.
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House Democrats retool U.S. climate bill

Democrats in the U.S. House of Representatives on Thursday said they were working out final details of a climate change bill, as they announced new breaks for industry that they said would also minimize the potential impact on consumers' energy bills.
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Temasek offloads BofA stake; eyes emerging markets

Singapore's Temasek sold its 3 percent stake in Bank of America in the first quarter of this year, taking a loss of around $3 billion in the process, as the state investor refocuses on emerging markets.
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EU industry CO2 emissions fall 3 percent in 08: data

Carbon dioxide emissions from heavy industry participating in the European Union's Emissions Trading Scheme (EU ETS) fell 3.1 percent last year compared with 2007, the EU executive Commission said on Friday.
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Astronauts install high-tech camera on Hubble

A pair of spacewalking astronauts on Thursday outfitted the Hubble Space Telescope with a new camera that will allow astronomers to turn their gaze closer to the birth of the universe.
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Abercrombie loss below view; Ruehl under review

Abercrombie & Fitch Co posted a much bigger-than-expected quarterly net loss as cost-cutting efforts failed to offset a sales decline, and its shares fell 7.5 percent in premarket trading.

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