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corporate news
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Business-USA
BP Q1 net profit up on asset sales
BP PLC posted a 16 percent rise in first-quarter net profits on Wednesday as gains from the sale of major assets to pay for the Gulf of Mexico oil spill outweighed the ongoing cost of that disaster.
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TomTom Q1 profits rise, sales fall
TomTom NV, Europe s biggest maker of navigation devices, says first quarter earnings grew despite a still-weakening U.S. market, as it moves into higher-margin services businesses.
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Business-USA
Heritage seeking title sponsor for 2012 return
Without a title sponsor, The Heritage is on the clock.
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Business-USA
NY trial tapes seen as Wall Street wake-up call
The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a one-time billionaire hedge fund boss, have given jurors a sometimes colorful dose of the go-big-or-go-home mentality at Wall Street firms.
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Business-USA
ND House approves $489M tax reduction bill
North Dakota lawmakers approved $489 million worth of tax reductions on income, property and banks on Thursday, a package that most Democrats supported despite vociferous complaints about how it was assembled.
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Obama mixing politics and policy on West Coast
President Barack Obama is opening a three-day trip to the West Coast on Wednesday with a town hall at Facebook headquarters.
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Asian markets higher amid strong US earnings
An energetic rebound on Wall Street spurred by strong earnings reports and better-than-expected housing starts sent Asian stocks higher Wednesday.
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Asian markets slump after US debt warning
Standard & Poor s warning that it could downgrade the United States credit rating sent Asian stock markets tumbling on Tuesday.
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Drugmaker Eli Lilly s 1Q profit falls 15 percent
Drugmaker Eli Lilly and Co. s first-quarter profit fell 15 percent because of severance costs, a diabetes drug development agreement and another hit from the U.S. health care overhaul.
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Asia markets higher on US economic news
Asian stocks were mostly higher Monday, shrugging off yet another anti-inflation move by China after encouraging news about the U.S. economy.
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Extreme Networks warns 3Q revenue may miss view
Shares of Extreme Networks Inc. fell 10 percent in Monday s extended trading, after the company said revenue for its third quarter will likely fall short of expectations.
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Congress doesn t shut down during a shutdown
Senators would have to push their own elevator buttons. House members would go without their free gym.
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Deadly US explosion makes big industry change
When 29 men perished in a single, powerful explosion at the Upper Big Branch mine a year ago, the tragedy stunned America — but the aftermath was stunning too, both for its seismic impact on major players in the coal industry and for the absence of any sweeping reforms.
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Alaska battles over how lifeblood oil is taxed
A high-stakes political battle is being waged in Alaska over whether to cut oil production taxes, an issue that could determine whether the trans-Alaska pipeline keeps pumping billions of dollars into the state s coffers.
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Highway deaths fall to lowest level since 1949
Highway deaths have plummeted to their lowest levels in more than 60 years, helped by more people wearing seat belts, better safety equipment in cars and efforts to curb drunken driving.
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US economy outpaces rivals even as job growth lags
The United States is out of step with the rest of the world s richest industrialized nations: Its economy is growing faster than theirs but creating far fewer jobs.
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Gaps in US radiation monitoring system revealed
Parts of America s radiation alert network have been out of order during Japan s nuclear crisis, raising concerns among some lawmakers about whether the system could safeguard the country in a future disaster.
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Asia shares rise amid better US jobs data, profits
Most Asian shares rose Friday after Wall Street posted gains on the heels of an improving job market and higher corporate earnings as investors closely monitored developments at a quake-stricken nuclear power plant in Japan.
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Oil near $99 as Japan disaster stuns economy
Oil prices dropped to near $99 a barrel Monday in Asia after a massive earthquake and tsunami devastated northeastern Japan and threatened to send the world s third-largest economy into recession.
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Asian share markets muted even as oil price falls
Asian stock markets posted muted gains Wednesday despite encouraging signs that include falling oil prices, better-than-expected machinery orders in Japan and an overnight climb on Wall Street.
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