Business
Business News
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Jobless claims fall, trade gap narrows on oil
The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.
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Oil prices rally as US fuel reserves slide
World oil prices surged Wednesday after news that fuel stockpiles in the United States slumped last week, indicating strengthening demand in the world's top energy consumer.
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Audi aims to match pre-crisis sales record
German luxury car maker Audi, which is owned by Volkswagen, said Tuesday it aimed to sell more than one million autos this year and reach a pre-crisis record set in 2008.
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Market barely budges; AIG, McDonald's help
U.S. stocks were nearly flat on Monday as upbeat sentiment from AIG's sale of a unit and McDonald's sales data were offset by falling healthcare shares after President Barack Obama's criticism of health insurers.
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House panel says Toyota shows no proof yet of study
Toyota Motor Corp has not adequately supported its contention that it has rigorously evaluated electronic throttle systems for possible problems, lawmakers said on Friday.
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Fewer discounts help stores weather February snow
U.S. retailers in February posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.
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Wall St flat as White House pushes regulation
U.S. stocks lost gains and were trading little changed on Wednesday as the White House stepped up its efforts to overhaul healthcare and bank regulation, sparking concerns about the potential impact on profits in those sectors.
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Iraq's February oil exports at highest level since 1990
Iraq's oil exports reached their highest level in February since Saddam Hussein's invasion of Kuwait in two decades, oil ministry spokesman Assem Jihad told AFP on Tuesday.
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AIG seeks to cut "retention" payout to ex-employees
merican International Group Inc has asked former employees of its Financial Products unit for information about how much they earned elsewhere after leaving the company as it prepares to hand them "retention payments," a source familiar with the matter said on Monday.
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Oil jumps nearly 2 percent on economic data, dollar
Oil jumped nearly 2 percent toward $80 a barrel on Friday, marking a more than 9 percent rise for the month, as an upward revision in U.S. gross domestic product for the fourth quarter helped revive sentiment.
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