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Chrysler agrees to recall of Jeeps at risk of fire
Chrysler agrees to recall of Jeeps at risk of fire
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Admi

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New News Corp in weak ASX debt
New News Corp in weak ASX debt
New News Corp has had an inglorious debut on the Australian share market, with its stock falling.The share price of the newly hived off publishing business was down nearly four per cent to $14.42 at 1245 AEST, after opening at $15.00 at noon on Wednesday.The non-voting stock was down more than eight

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News Summary: US consumer prices up 0.1 pct in May
News Summary: US consumer prices up 0.1 pct in May
SMALL RISE: U.S. consumer prices rose a seasonally adjusted 0.1 percent in May, as higher energy costs partly offset cheaper food. Over the past year, prices have risen just 1.4 percent. STRIPPED DOWN: Excluding volatile food and gas costs, core prices rose 0.2 percent in May from April, the Labor D

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News Summary: European car sales hit 20-year low
News Summary: European car sales hit 20-year low
EUROPEAN CAR SALES: European car sales in May were the worst in 20 years as the region's recession drags on. More than half of European Union nations are in recession and U.S. automakers have been shuttering factories and cutting hours. RUBBER HITS ROAD: Passenger car demand dropped by 5.9 percent o

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US video game retail sales fall 25 percent in May
US video game retail sales fall 25 percent in May
U.S. retail sales of video games, hardware and accessories declined 25 percent in May as demand for aging game consoles continued to fade and fewer new games launched compared with last year, according to market researcher NPD Group. NPD said late Monday that total video game sales were $386.3 mill

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Waiting for word from Bernanke, stocks move higher
Waiting for word from Bernanke, stocks move higher
It's all about the Fed. Still. U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with investors trying to guess what the central bank will say Wednesday about how long it plans to keep stimulus programs in place. F

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Zimbabwe 'Cattle Bank' takes deposits that moo
Zimbabwe 'Cattle Bank' takes deposits that moo
William Mukurazita's deposit at the bank has four legs and moos. Zimbabwe's first "Cattle Bank" has just opened its books in a unique kind of banking where owners bring in their animals as collateral against cash loans. For many rural poor in this southern African country once wracked by world-reco

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Ill. gov signs into law tough fracking regulations
Ill. gov signs into law tough fracking regulations
Illinois Gov. Pat Quinn on Monday signed into law the nation's strictest regulations for high-volume oil and gas drilling. "This new law will unlock the potential for thousands of jobs in Southern Illinois and ensure that our environment is protected," Quinn said in a news release announcing his wi

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Wake-up call: Starbucks to post calorie counts
Wake-up call: Starbucks to post calorie counts
Starbucks has a new way to wake up its customers: showing the calories in its drinks. The Seattle-based coffee chain says it will start posting calorie counts on menu boards nationwide next week, ahead of a federal regulation that would require it to do so. Calorie counts on menus are already requi

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Stocks open higher as home building advances
Stocks open higher as home building advances
Stocks are opening higher on Wall Street after the pace of home construction picked up in May, the latest encouraging sign from the housing market. The Dow Jones industrial average rose 45 points, or 0.3 percent, to 15,229 in the first few minutes of trading Tuesday. The Standard & Poor's 500 index

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Moderate Iranian leader could hinder Israel
Moderate Iranian leader could hinder Israel
The surprising victory of a reformist candidate in Iran's presidential election has put Israel in a difficult position as it tries to halt the Iranian nuclear program: With Hasan Rowhani likely to enjoy an international honeymoon, Israel could have a hard time rallying support for new sanctions —

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Study finds housing bias against same-sex couples
Study finds housing bias against same-sex couples
A new study finds that same-sex couples are treated less favorably than heterosexual couples when seeking information about rental housing advertised online. The Department of Housing and Urban Development commissioned the national study, the first of its kind. It finds that gay and lesbian couples

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Amtrak: Subsidy cuts would jeopardize service
Amtrak: Subsidy cuts would jeopardize service
Amtrak's president says long-distance trains and some short-haul routes would be jeopardized and service in the busy Northeast corridor might have to be slowed if federal subsidy cuts proposed by a House subcommittee are realized. Iowa Republican Rep. Tom Latham is chairman of the House Appropriati

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Fighters in Nigeria attack school, kill 9 pupils
Fighters in Nigeria attack school, kill 9 pupils
Suspected Islamic militants have opened fire on students taking exams at a school in the country's troubled northeast, killing at least nine pupils in the latest violence to wrack the volatile region, witnesses said Tuesday. Bodies of the children in their school uniforms were brought to the local

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The ins and outs of G-8 summit promises
The ins and outs of G-8 summit promises
Group of Eight summit participants are powerful people: the leaders of the U.S., Russia, Britain, Germany, France, Italy, Canada and Japan, plus top officials from the European Union. But they only make promises. There's no actual change until the words are pursued by individual governments or othe

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News Summary: Royalty Pharma lets Elan bid expire
News Summary: Royalty Pharma lets Elan bid expire
TAKEOVER UPDATE: Royalty Pharma said Tuesday it has let its latest takeover bid for Irish drugmaker Elan lapse as it decided against pressing ahead with a court challenge of a requirement that it withdraw the offer. THE DETAILS: Royalty had offered earlier this month to pay $13 per share for each El

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News Summary: FDA investigates 2 patient deaths
News Summary: FDA investigates 2 patient deaths
THE INVESTIGATION: Federal regulators are looking into the deaths of two patients who received injections of a longer-lasting version of Eli Lilly's antipsychotic Zyprexa. THE CIRCUMSTANCES: The Food and Drug Administration said the patients died three to four days after receiving an appropriate do

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St. Louis CVC pays $2M to Rams for legal fees
St. Louis CVC pays $2M to Rams for legal fees
The St. Louis Convention and Visitors Commission said Tuesday it has paid $2 million to the St. Louis Rams to cover the team's legal fees for the dispute over upgrades to the Edward Jones Dome that resulted in arbitration. CVC spokeswoman Donna Andrews said payment was made May 20. Rams spokesman A

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Chrysler decides to go along with government request to recall 2.7 million older model Jeeps.
Chrysler decides to go along with government request to recall 2.7 million older model Jeeps.
Chrysler decides to go along with government request to recall 2.7 million older model Jeeps. .

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Treasury unveils Lew's improved signature
Treasury unveils Lew's improved signature
Treasury Secretary Jacob Lew won't win any prizes in penmanship, but his official signature which will go on the nation's currency is at least a slight improvement over the loopy scrawl he had a few months ago. The Treasury Department unveiled the new signature on Tuesday. It takes the Bureau of En

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