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Defensive stocks lift Dow and S&P

NEW YORK, July 6, 2009 (Reuters) — The Dow and S&P 500 rose on Monday as concerns about the strength and timing of an economic recovery kept pressure on commodity prices and lifted defensive stocks. ...  > full story

Jobs data signals hurdles amid factory glimmer

NEW YORK, July 1, 2009 (Reuters) — U.S. manufacturing mustered its highest level of activity in nearly a year in June but surprising weakness in private sector employment signaled how feeble an economic recovery might be, reports released on Wednesday showed. ...  > full story

GM accepts product liability in bid to clear sale

DETROIT, June 28, 2009 (Reuters) — General Motors Corp has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy. ...  > full story

GM says bankruptcy sale delay would kill suppliers

DETROIT, June 25, 2009 (Reuters) — General Motors Corp needs to exit from bankruptcy quickly in order to avoid a "fatal" blow to many of its suppliers and the loss of thousands of jobs, Chief Executive Fritz Henderson said in a court filing on Thursday. ...  > full story

Ford, Nissan, Tesla to get U.S. technology loans

DEARBORN, Michigan, June 23, 2009 (Reuters) — Ford Motor Co will receive nearly $5.9 billion in U.S. government loans to build fuel-efficient vehicles as the Obama administration deepened its commitment to reshaping the cash-strapped auto industry. ...  > full story

U.S. states seek to join feds in AIG bonus probe

NEW YORK, June 19, 2009 (Reuters) — U.S. states probing employee bonuses paid by American International Group Inc using taxpayer money plan to join federal investigators in the matter, while leaving open the possibility of pursuing the case themselves. ...  > full story

Areva in talks for EPR reactor deal in Ohio: source

PARIS, June 18, 2009 (Reuters) — French group Areva will sign on Thursday an agreement to start exclusive talks with U.S. power group Duke Energy to build a new generation nuclear reactor in Ohio, said a source close to the situation. ...  > full story

May foreclosures third highest on record

NEW YORK, June 11, 2009 (Reuters) — U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday. ...  > full story

Lawmakers blast Fed, Treasury, BofA over Merrill

WASHINGTON, June 11, 2009 (Reuters) — U.S. lawmakers accused the Treasury and Federal Reserve on Thursday of using threats to force Bank of America to take over Merrill Lynch while criticizing Bank of America boss Ken Lewis for keeping shareholders in the dark about rising losses at Merrill. ...  > full story

U.S. bankruptcies highest since 2005

NEW YORK, June 9, 2009 (Reuters) — U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors. ...  > full story
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