MICHIGAN

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Chrysler takes long-term view on market share

Chrysler is willing to let market share slide in the short term to further its longer restructuring goals, the company's chief executive said in a presentation of his business plan to members of Congress on Tuesday.
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Futures rise ahead of data

Stock index futures rose on Wednesday, as investors awaited a new round of economic data that may offer insight into the strength of a recovery.
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Engineer in Ford theft case may face more charges

A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.
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Cautious optimism as job losses slow

The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.
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Cautious optimism as job losses slow in U.S. states

The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.
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GM posts loss, vows to repay U.S. early

General Motors Co said on Monday it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick repayment of $8 billion owed to the United States and Canada.
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GM posts loss, to repay US, Canadian debt early

General Motors Co posted a quarterly loss on Monday but said stabilizing sales since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month.
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GM posts loss, vows to repay U.S. debt early

General Motors Co posted a quarterly loss on Monday but said stabilizing sales since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month.
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Champion seeks Chapter 11 for U.S. operations

Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations.
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Daily Forecast - 16/11/2009

The Aussie dollar shrugged off weak European GDP data to hold on to support at 0.9260 and rally on Friday night. Greenback weakness emerged following disappointing University of Michigan and Trade Balance data which assisted the Aussie in its rally to finish the week on its highs at 0.9340. The week ahead sees the release of several key figures with the RBA's minutes to the recent meeting kicking off proceedings on Tuesday to be followed by more RBA speak on Wednesday and the release of Q3 Wage ...
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Attention returns to economic data

After an $81 billion refunding this week, the U.S. government securities market turns its attention in the coming week to the state of the economy and what that portends for Federal Reserve monetary policy.
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Retailers, Disney lift stocks

U.S. stocks rose on Friday, setting up a second straight week of gains, as upbeat retail news reinforced hopes for strong sales in the key holiday season.
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Energy Conversion posts second straight loss

Energy Conversion Devices Inc on Monday reported its second straight quarterly loss, with sales coming in way below estimates, as demand for its solar products remained soft.
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U.S. closes Home Federal Savings in Detroit

Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions.
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Cheney urges strong U.S. commitment to Afghan war

Former Vice President Dick Cheney on Thursday urged President Barack Obama to commit enough troops to win the war in Afghanistan, warning hesitation would embolden U.S. foes and devastate its allies.
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China blasts U.S. duties ahead of Obama visit

China denounced as protectionist new U.S. anti-dumping duties on steel pipes and launched its own investigation into imports of U.S.-made automobiles on Friday, a week before a visit by President Barack Obama.
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Slowdown pressures entire auto sector

The global meltdown and resulting implosion in vehicle sales over the past year have pressured everyone in the automotive sector, creating opportunities for some players while leaving others subject to bankruptcy, consolidation or concessions.

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