DETROIT/WASHINGTON (Reuters) – Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy a day ahead of a government-imposed restructuring deadline.

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Chrysler in last-ditch talks

Pfizer Inc. still plans to house a small research unit near UCSF’s Mission Bay campus even though the local biotech executive who was supposed to lead it is leaving the drug giant. The company recently revealed that Corey Goodman will be leaving Pfizer’s…

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Pfizer move could hamper Mission Bay

Taiwan said it had persuaded China to allow it to participate in a key U.N. body, offering a victory for President Ma Ying-jeou’s campaign to win greater international recognition for the democratic island. China, which for almost six decades has struggled…

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Taiwan to have observer status in UN health body

Stocks climbed yesterday, pushing the Standard & Poor’s 500 index toward its best month since 2000, as companies beating profit forecasts outnumbered those that trailed by 10-to-1 and investors speculated bank losses had peaked. DreamWorks Animation SKG surged 25 percent…

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Stocks rise on higher-than-expected profits

NEW YORK (Reuters) – Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world’s largest credit card network increased prices, slashed expenses and consumers used debit cards more.

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Visa second quarter earnings beat estimates

Indiana gave Kellen Lewis a second chance. The quarterback-turned-receiver won’t get a third. The former All-Big Ten player was kicked off Indiana’s football team Wednesday for an undisclosed violation of team rules, just over a year after he drew a four-…

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WR Kellen Lewis dismissed from IU football team

DETROIT/WASHINGTON (Reuters) – Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy a day ahead of a government-imposed restructuring deadline.

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Chrysler in last-ditch talks, Obama hopeful

DETROIT (Reuters) – Bondholders will present an alternative to General Motors Corp’s just-launched debt-for-equity exchange in a deal that would swap a 51-percent stake in a restructured company for $27 billion in debt, according to a person with knowledge of the plan.

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GM bondholders to present alternate plan: source

The chief privacy officer of networking Web site Facebook says he’s considering running to be California’s attorney general in 2010. Chris Kelly said Wednesday he formed an exploratory committee to consider a campaign to be the state’s chief law enforcement…

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Facebook exec considers California AG job in 2010

Yahoo Inc. limited co-founder Jerry Yang’s 2008 compensation package to his customary $1 salary during his final year as chief executive, a tumultuous reign that unraveled after he rebuffed Microsoft Corp.’s $47.5 billion bid to buy the Internet company. The…

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Yahoo’s Yang gets $1 in rocky final year as CEO

Consumers are snapping back to life, kindling springtime hopes that the recession is losing steam. Even though the economy shrank again in the first three months of the year _ and by a lot _ Americans stepped up their purchases of cars, furniture and…

Consumers give spark of new hope for econ revival

A Connecticut firm that acted as a feeder fund for Bernard Madoff’s fraudulent investment scheme on Wednesday rejected allegations by Massachusetts’ top securities regulator that it misrepresented its lack of knowledge about Madoff’s operations. Secretary of…

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Firm rejects Madoff charges by Mass. regulator

President Barack Obama said he is “very hopeful” that deals can be worked out to keep Chrysler a viable automaker, as negotiations with debtholders continued late Wednesday and Italian automaker Fiat Group SpA was poised to sign on as a Chrysler partner….

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Obama ‘hopeful’ for deal as Chrysler talks go on

An executive with the company that operates social networking Web site Facebook announced Wednesday that he’s considering running for attorney general of California. Chris Kelly, Facebook’s chief privacy officer, said he had formed an exploratory committee to…

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Facebook executive considers Calif. AG campaign

President Barack Obama says the best way to help hard-hit minority communities is to help the entire nation thrive. Obama was asked Wednesday about his specific plans to help black communities, which tend to have higher unemployment rates than whites. The…

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Obama says economic recovery will help minorities