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Volkswagen builds new engine plant in Mexico

Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday.

First Horizon swings to surprise Q2 profit

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First Horizon National Corp , the largest bank in Tennessee with over $26 billion in assets, posted a surprise profit, helped by improving credit quality and said the overhaul of U.S. financial rules will not affect its capital position.
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Alcoa profit eyed, but aluminum price weighs

Alcoa Inc (AA.N), facing a sharp drop in aluminum prices, is losing favor on Wall Street as analysts lower their expectations for the company's earnings. Alcoa, the largest U.S. aluminum producer, is expected to turn a second-quarter profit after a year-ago loss, but analysts have recently been cutting their forecasts, and one sees the possibility of a return to red ink later this year.
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Lawmakers fume as market regulators dither

Three days after a chilling plunge in stock prices and no closer to knowing why it happened, U.S. regulators faced pressure on Sunday to put up emergency measures to prevent a repeat of the episode.
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U.S. jobless claims fall 7,000 last week

The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, government data showed on Thursday, implying a measured job market recovery.
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Five Charming US Cities

Quick. Name five of the busiest tourist towns in the US. Got it? Now, try to imagine how those cities looked years ago, before the influx of tacky souvenir shops and overcrowded buses, when mom and pop stores still adorned the main streets and where a familiar face greeted you at every corner.
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Magna wins Volkswagen supply contracts

Canadian auto parts maker Magna International said on Monday it has won contracts to supply a variety of components and systems for Volkswagen Group of America's new mid-sized sedan, expected to hit the U.S. market in 2011.
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Senators close to deal on financial regulation

Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, but conceded they may not get a deal before a crucial Senate vote on Monday.
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1976 shot may protect against modern swine flu

(Reuters) - People who got immunized against the 1976 swine flu epidemic that never happened may have benefited from the shots after all -- they may have been protected from the 2009 H1N1 swine flu strain.
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Sen Corker says sides nearing on consumer watchdog

Members of the Senate Banking Committee drafting financial reform have about reached a balance on the controversial consumer watchdog proposal, Republican Senator Bob Corker said on Tuesday, indicating a bipartisan deal could be reached soon.
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Senate financial reform talks snag on watchdog

Bipartisan agreement in the Senate on financial reform hit a snag on how much power to give a consumer watchdog office being proposed by Democrats, with marathon talks resuming on Sunday.
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Senate seeks bank reform, Obama weighs in

Key senators pushed for a bipartisan agreement on a package of reforms to tighten rules for financial industry behavior as President Barack Obama on Wednesday blasted critics who call his policies socialism.

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