North America News
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Updated 1 hour, 12 minutes ago
Copper traders are bullish for a fourth consecutive week, the longest streak since October, as manufacturing strengthens from China to the U.S. and stockpiles decline to the lowest in more than two years.
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Updated 23 minutes ago
Holders of credit-default swaps on Greek bonds shouldn’t tear up their contracts after yesterday’s ruling against a payout.
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Hong Kong stocks rose after U.S. jobless claims fell and on signs Europe’s leaders will speed up the timetable for setting up a bailout fund to strengthen defenses against the debt crisis.
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ZTE Corp., China’s second-biggest maker of phone equipment, wants to become one of the world’s top three makers of network infrastructure in three years, said Xu Ming, the company’s vice president of wireless products.
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U.S. auto sales accelerated to the fastest pace in four years, led by Chrysler Group LLC and a surprise gain from General Motors Co., as demand strengthened throughout automakers’ lineups.
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In the later years of the 19th century, Paris was a hive of spies. A network of German agents was directed by Maximilian von Schwartzkoppen, the military attache; venal French citizens were caught selling sensitive information to the enemy.
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Express Scripts Inc.’s takeover of Medco Health Solutions Inc. is offering the biggest potential windfall in North America even as traders are more confident than ever the acquisition will clear U.S. regulatory hurdles.
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Countries don’t go bankrupt, said Walter Wriston, the legendary boss of what is now Citigroup Inc. After all, he reasoned, they “own” more than they “owe.”
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Bayerische Motoren Werke AG’s BMW brand roared back ahead of Daimler AG’s Mercedes-Benz to lead U.S. luxury auto sales last month when its new 3 Series sedan reached showrooms.
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A benchmark gauge of U.S. company credit risk fell to the lowest level in more than seven months as data showed global manufacturing is weathering the European sovereign-debt crisis.
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