Shares of General Motors Corp. fell below $1 on Friday for the first time in 76 years as the struggling automaker approached a government-imposed restructuring deadline and a likely filing for Chapter 11 bankruptcy protection. GM shares lost more than 22…

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General Motors – Chapter 11 Title 11 United States Code – Automotive industry – United States – Business

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GM shares fall below $1 as deadline approaches

NEW YORK (Reuters) – Optimism over the U.S. government’s stimulus programs to combat the recession lifted consumer confidence in May to its highest level in eight months, a survey released on Friday showed.

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U.S. consumer mood highest in 8 months: survey

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Analyst Picks and Pans: General Motors, CBS, J. Crew

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Europe’s Biggest TV Export: Reality Shows

BERLIN/FRANKFURT (Reuters) – Auto parts maker Magna International took pole position in the battle for General Motors’ German unit, Opel, after reaching what sources said was a preliminary deal with GM.

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Magna takes lead in bidding for GM’s Opel

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Empathy: Not Such a Soft Skill

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Book Excerpt: The Purpose Linked Organization

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Colvin Melvin’s Crusade

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HP to Ax 5,700 Jobs in Europe

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HP to Axe 5,700 Jobs in Europe

NEW YORK (Reuters) – Stocks were mostly flat on Friday as rising oil prices lifted energy stocks and investors digested a mixed bag of data, including regional business activity and consumer sentiment.

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Wall Street flat on higher oil price and mixed data

NEW YORK (Reuters) – Tiffany & Co posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.

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Tiffany profit falls; stock down as outlook same

A Pennsylvania defense contractor to whom Rep. John Murtha, D-Pa., directed millions of dollars in congressional earmarks has been blocked from doing business with the Navy amid allegations of fraud. Word of the suspension came during an annual defense…

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John Murtha – Pennsylvania – Navy – Defense contractor – United States

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Defense contractor with ties to Murtha suspended

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Ignore the Card Check Debate

The dollar fell steeply to multimonth lows against several currencies Friday as a report saying the US economy is still shrinking couldn’t sink investors’ taste for riskier assets. Further, continued worries over U.S. deficits and debt loads added to…

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Asia – Japan – Business – India – Emerging markets

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Dollar sinks to multimonth lows vs euro, pound