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Better Health Decisions: Whose Responsibility?

WASHINGTON (Reuters) – The Federal Housing Administration will allow the new $8,000 first-time homebuyer tax credit to be applied directly toward home purchase costs when using an FHA-insured mortgage, the Department of Housing and Urban Development said on Friday.

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U.S. FHA to apply $8,000 credit to home buying costs

General Motors Corp. said Friday that it plans to reopen a shuttered U.S. factory to build compact cars that will likely be the smallest vehicles GM has ever produced here. The company said in a written statement that the retooled factory will be able to…

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GeneralMotors – United States – Compact car – auto – Recreation

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GM confirms plans to build compact cars in US

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India’s Demographics Challenge

WASHINGTON (Reuters) – The Federal Housing Administration will allow the new $8,000 first-time homebuyer tax credit to be applied directly toward home purchase costs when using an FHA-insured mortgage, the Department of Housing and Urban Development said on Friday.

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U.S. FHA to apply $8,000 credit toward home buying cost

NEW YORK (Reuters) – U.S. consumer confidence improved in May to its highest level since last September, prompted by hopes the government’s economic stimulus program will bring the economy out of recession.

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U.S. consumer sentiments improve in late May: survey

FRANKFURT (Reuters) – General Motors and Canadian auto parts group Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations said on Friday.

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GM, Magna reach tentative deal on Opel: sources

NEW YORK (Reuters) – Stocks were little changed as investors assessed the health of the economy through a slew of data, including regional business activity and consumer sentiment.

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Wall Street little changed after data

Stocks fluctuated Friday as investors tried to reconcile some mixed economic data. The group representing Chicago-area purchasing executives reported a much steeper drop in Midwest business activity than analysts predicted. The Dow Jones industrial average,…

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GeneralMotors – Bankruptcy – Company – Wall Street – United States bankruptcy court

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Stocks slip after mixed economic data

The World Anti-Doping Agency and swimming’s governing body have appealed to sport’s highest court to restore a two-year doping ban for Jessica Hardy of the United States. The Court of Arbitration for Sport said Friday that WADA and FINA want Hardy banned for…

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United States – Court of Arbitration for Sport – World Anti-Doping Agency – Jessica Hardy – International Swimming Federation

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WADA, swim body want 2-year ban for Jessica Hardy

Oil prices extended a rally to above $66 a barrel Friday to hit a fresh six-month high, after the U.S. reported a fall in oil inventories and further signs of an improving economy. OPEC oil ministers, who on Thursday agreed to leave production levels…

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Business – Price of petroleum – Oil Prices – Asia – Energy

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Oil hits new 6-month high above $66

NEW YORK (Reuters) – The dollar fell to five-month lows against a basket of currencies on Friday as evidence of an easing global recession drove investors to snap up higher-yielding currencies and riskier assets.

Dollar falls to 5-month low as risk appetite rises

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Two Businesses, One LLC?

The battle over billions in sales from Johnson & Johnson’s top drug is heating up, with the health products maker demanding arbitration to end its revenue-sharing deal with Schering-Plough, due to its merger with rival drugmaker Merck. Merck and analysts…

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J&J files for arbitration to end Schering deal

NEW YORK (Reuters) – Stocks were poised for a higher open on Friday after government data hinted the recession may be abating, putting the S&P 500 on pace for its third straight monthly gain, its longest streak since late 2007.

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Wall Street set for higher open after GDP