Reuters: Top News - Breaking News - World News

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NEW YORK (Reuters) - Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury's stake in American International Group, three people familiar with the matter said Wednesday.

Banks to meet on AIG, recap to close this week

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WASHINGTON (Reuters) - U.S. legislation pressing for a rise in the yuan currency looms as less of a threat for China on the eve of President Hu Jintao's visit to Washington, now that Republicans control one house of Congress.

U.S. currency legislation less of a threat for China

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WASHINGTON (Reuters) - Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday.

Home foreclosures in 2010 top 1 million for first time

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MADRID/FRANKFURT (Reuters) - Spain and Italy staged successful bond sales on Thursday, easing concerns about an escalation of euro zone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis measures.

Euro zone escalation fears ease after Spain auction

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TUCSON (Reuters) - The familiarity of a visit by close friends from Congress may have prompted Congresswoman Gabrielle Giffords to open her eyes for the first time since she was shot, a doctor treating her said on Thursday, adding that it was an important sign in her recovery.

Congressional friends' visit roused Giffords: doctors

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WASHINGTON (Reuters) - Jobless claims hit a 10-week high last week while producer prices shot up in December, pointing to headwinds for an economy that Federal Reserve Chairman Ben Bernanke said was showing fresh vigor.

Economy facing headwinds, but Bernanke hopeful

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(Reuters) - Bookseller Borders Group Inc told publishers in a meeting it was close to securing refinancing from GE Capital and other lenders, the New York Times reported, citing people familiar with the matter.

Borders close to securing refinancing: report

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PARIS (Reuters) - A French state prosecutor was on Friday poised to launch an inquiry into industrial espionage at Renault after the carmaker filed a legal complaint alleging information was passed to a foreign power.

France poised to launch probe in Renault case

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NEW YORK (Reuters) - JPMorgan Chase & Co reported a greater-than-expected 47 percent increase in quarterly earnings and struck an upbeat tone that lifted the shares of major U.S. banks reporting next week.

JPMorgan beats, sets bullish tone for bank earnings

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GENEVA/ABIDJAN (Reuters) - At least 247 people have been killed in violence in Ivory Coast since its disputed November 28 presidential election, the United Nations human rights office said on Friday.

Toll in Ivory Coast rises to 247 dead: U.N.