| Business News |
House passes housing bill; Bush lifts veto threat
(Reuters)
Reuters - The House of Representatives passed
a massive housing rescue bill on Wednesday while the White
House dropped a threat to veto it, paving the way for measures
aimed at shoring up the worst U.S. housing market since the
Great Depression.
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Amazon profit, sales above view and shares rise
(Reuters)
Reuters - Amazon.com Inc said on
Wednesday quarterly profit doubled and sales grew 41 percent,
indicating to Wall Street that many cost-conscious shoppers are
heading online to save money in a tough economy.
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SemGroup gets court OK for initial bankruptcy motions
(Reuters)
Reuters - SemGroup LP, an Oklahoma-based oil
trading services company, on Wednesday said it received
approval from the Bankruptcy Court for its initial motions
related to its bankruptcy.
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Microsoft exec who led Yahoo bid leaving company
(Reuters)
Reuters - Microsoft Corp said on
Wednesday that Kevin Johnson, who as president of Microsoft's
largest business division spearheaded the company's pursuit of
Yahoo Inc , is leaving the software maker.
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China's Zhongxing in talks with GM, FAW: source
(Reuters)
Reuters - China's Hebei Zhongxing Automobile Co
is in talks with General Motors and major Chinese
automaker FAW Group to explore opportunities for cooperation,
including equity ties, a source close to the situation said on
Thursday.
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Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports
(Investor's Business Daily)
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday.
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| Amid clamor to drop out, Clinton campaigns on - 16, May 2008 |
By Ellen Wulfhorst
BATH, South Dakota (Reuters) - Sitting on board Sen. Hillary Clinton's campaign plane are the remnants of a colorful balloon replica of the candidate, once nearly life-size but now almost deflated and shriveled.
Like the once cheery caricature, the former first lady soldiers on, but her campaign for the Democratic presidential nomination is on the down-swing.
Crowds are shrinking, media attention is waning, supporters are jumping ship and calls are growing for her to drop out and help unite the Democrats behind Barack Obama.
Her voice hoarse and less forceful than it has been in more impassioned speeches, Clinton still seemed inscrutable and upbeat campaigning this week in South Dakota. The rural state holds one of the last nominating primaries on June 3.
"There's a lot of people who say, 'Well, you know, we should just wrap this up.' Well, I've never been impatient with democracy," she said. "I think actually letting people vote is, on balance, a really good thing and has served our country well over many, many years."
Clinton, a New York senator, vows to stay in the race until the last primary despite a campaign deeply in debt. She trails Illinois Sen. Obama in the popular vote, in pledged convention delegates and in superdelegates who can back any candidate they choose.
"You're going to see a lot of us between now and June 3," she told voters in South Dakota.
While the candidate once campaigned relentlessly with four or five events a day, she now has two or three. The number of press spokesmen with her is down to one from two, and the press corps barely fills one bus when once it filled two.
(c) 2008 Reuters
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GENEVA (Reuters) - India welcomed on Wednesday an offer by the United States to limit its disputed farm subsidies as part of efforts to save a global trade deal but immediately came under pressure from Washington to make concessions itself.
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SDEROT, Israel (Reuters) - U.S. Democratic presidential candidate Barack Obama assured Israel and its U.S. Jewish supporters on Wednesday he was a friend who would not press for peace concessions that would compromise its security.
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TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad on Wednesday praised U.S. participation in last week's talks with Tehran on its disputed nuclear program as "a positive step" and said its arch foe had shown respect.
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WASHINGTON (Reuters) - The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, the U.S. Geological Survey forecast on Wednesday.
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