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FirstMerit posts lower Q2 profit; eyes acquisitions

FirstMerit Corp reported a lower-than-expected quarterly profit, weighed down by higher provisions for bad loans and charges, and said it was looking for Federal Deposit Insurance Corp (FDIC)-assisted deals for banks with assets of up to $5 billion.

Weekly Market Watch - Monday, 27 July 2009

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Strong US corporate earnings and positive daily finishes in global equity markets along with a mixed bag of US economic data saw the Greenback lose ground against the Pound and EURO but hold steady against the YEN.
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The Singularity of Bermuda - Caribbean

We chose Bermuda with its British past and multicultural present for our honeymoon. Bermuda is a bit off the norm. You can't camp nor drive a car, but you can rent a motor scooter.
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Obama to unveil $12 billion community college plan

President Barack Obama will unveil a $12 billion initiative on Tuesday to boost community colleges and propel the United States toward his goal of having the highest proportion of college graduates in the world by 2020, administration officials said.
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Ford, GM object to Visteon's $80 million bonus plan

Ford Motor Co (F.N) and General Motors Co (GMGMQ.PK) have objected to a plan by bankrupt auto parts supplier Visteon Corp (VSTN.PK) to pay employees up to $80.1 million in bonuses, saying that they and major auto parts suppliers had eliminated performance incentives for 2009.
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Obama seeks to regain initiative on healthcare

A combative President Barack Obama on Monday sought to regain the initiative on overhauling the U.S. healthcare system after legislation slowed down in the U.S. Congress while he was abroad last week.
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Wall Street set to fall on earnings jitters, oil

Wall Street was poised for a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.
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Futures fall as Chevron warning sparks jitters

U.S. stock index futures pointed to a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.
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Stock futures fall as Chevron warning sparks jitters

U.S. stock index futures pointed to a lower open on Friday after Chevron Corp warned about its second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.
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Six suitors, including TRW, eyed Delphi: sources

At least six potential suitors including TRW Automotive Holdings have considered bidding for Delphi Corp, as the deadline for offers on the assets of the bankrupt auto parts maker approached, sources briefed on the matter said on Thursday.
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Federal-Mogul considering Delphi bid: sources

Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday.
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Computing in the Clouds

Storing and sharing real estate documents on the Internet translates into higher productivity and better customer service.
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China's Web filtering starts in the West

The Chinese government has backed away from mandating filtering software on all personal computers in China, in a move that averts a dangerous escalation in its censorship powers.
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Lear to file for bankruptcy, obtains financing

Auto seating supplier Lear Corp said on Wednesday it would file for Chapter 11 bankruptcy protection in a reorganization supported by key secured lenders and bondholders and that it had obtained $500 million in bankruptcy financing.
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China's Green Dam 'delayed', not confirmed for how long

Facing strong resistance at home and abroad, China on Tuesday delayed implementation of a controversial rule that requires all manufacturers to install Internet filtering software on all new computers that are shipped and sold in China.

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