Flying on Air Force One, eating meals prepared by the White House kitchen staff and drawing inspiration from his encounters with U.S. military personnel were among things former President George W. Bush missed since leaving office, he said Thursday. The often-…

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George W. Bush – Iraq – White House – United States armed forces – United States

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Bush misses seeing G.I.’s, White House food

Stocks are set for a higher open ahead of data expected to show the economy is steadying. Analysts expect the government will report a slower decline in first-quarter gross domestic product than initially estimated. Readings on consumer sentiment and business…

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

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Stock futures rise ahead of economic data

Oil extended gains above $65 a barrel Friday to reach a fresh six-month high after the U.S. reported a fall in oil inventories and further signs of economic improvement. Benchmark crude for July delivery was up 67 cents to $65.75 a barrel by late morning in…

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

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Oil hits new 6-month high above $65

LONDON (Reuters) – The dollar fell to a five-month low against a basket of currencies on Friday and the yen also dropped as signs the global recession may have passed its worst prompted investors to seek riskier assets.

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Dollar tumbles to 5-month low

STOCKHOLM (Reuters) – A local Swedish court on Friday granted General Motors’ loss-making unit Saab a further extension to its protection from creditors, giving it more time to restructure.

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GM’s Saab given more time to restructure

BERLIN/MILAN (Reuters) – Germany raced to overcome a transatlantic spat and growing tensions among Opel bidders to clinch a deal for the German carmaker on Friday, as parent General Motors hurtled toward bankruptcy.

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Tensions rise as Germany races for Opel deal

NEW YORK (Reuters) – Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker’s bankruptcy filing two decades later.

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Iacocca losing pension, car in Chrysler bankruptcy

South Korea’s Supreme Court on Friday upheld a lower court ruling that acquitted the former chairman of Samsung Electronics on breach of trust charges and threw out guilty verdicts in a related case. The top court said that ex-Samsung chief Lee Kun-hee was…

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South Korea – Supreme court – Supreme Court of the United States – Lee Kun-hee – United States

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Court upholds not guilty verdict in Samsung case

Officials from automaker Fiat will not attend Friday’s talks with the German government about its offer for Opel, blaming Berlin’s “unreasonable” funding demands, but the Italian car maker stressed that it was not withdrawing its bid for General Motors Corp.’…

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General Motors – Opel – Fiat – Politics of Germany – Business

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Fiat bows out of Friday’s Opel talks

A prestigious Japanese university is giving away hundreds of iPhones, in part to use its Global Positioning System to nab students that skip class. Truants in Japan often fake attendance by getting friends to answer roll-call or hand in signed attendance…

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Japan – Global positions system – IPhone – GPS – Education

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Japan university gives away iPhones to nab truants

Asian stocks climbed Friday as Japanese industrial production jumped at its fastest pace in 56 years and India’s economic slowdown eased, reassuring many investors about a global recovery. European stocks opened higher. Asian trading was tepid early in the…

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Japan – Asia – Recession – Industrial production – Asian people

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World stocks gain amid upbeat Japan, India reports

Oil extended gains above $65 a barrel Friday in Asia to reach a fresh six-month high after the U.S. reported a fall oil inventories and signs of economic improvement. Benchmark crude for July delivery was up 54 cents to $65.62 a barrel by late afternoon in…

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

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Oil extends gains above $65, hits new 6-month high

Japan’s industrial production jumped at the fastest pace in 56 years in April, signaling a recovery among manufacturers, but rising joblessness and falling prices clouded prospects for the world’s second-biggest economy. Factory output surged a stronger-than-…

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World War II – Recession – Japan – Twentieth Century – Wars and Conflicts

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Japan factory output jumps but jobless rate rises

BERLIN/FRANKFURT (Reuters) – German efforts to forge a rescue for General Motors unit Opel were under threat on Friday after Italy’s Fiat said it would skip crucial talks and a source said frustration was rising at rival bidder Magna.

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Opel rescue under threat as Fiat skips talks

LONDON (Reuters) – World stocks closed in on a new high for the year and the dollar sank toward a five-month low against major currencies on Friday on hopes that the global economy has seen the worst days of its downturn.

World stocks near 2009 high, oil climbs