Reuters: Top News - Breaking News - World News

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WASHINGTON (Reuters) - The U.S. Supreme Court ruled that federal regulations setting vehicle safety standards do not bar lawsuits seeking damages from automakers for installing lap-only seat belts.

Source: Supreme Court allows lawsuits over seat belts

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CHICAGO/NEW YORK (Reuters) - The Chicago Board Options Exchange for the first time opened the door to a possible sale, becoming the latest market operator to respond to a global takeover frenzy that some say is just beginning.

Source: CBOE eyeing strategy in exchange merger dash

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WASHINGTON (Reuters) - The United States looked set on Thursday to announce the winner of a $35 billion battle between Boeing and Airbus to supply aerial tankers to the U.S. Air Force after two failed attempts to renew its aging fleet.

Source: Boeing and Airbus brace for U.S. tanker decision

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ISLAMABAD (Reuters) - Cooperation between the American and Pakistani spy agencies has been scaled back because of an incident involving a CIA contractor shooting two Pakistanis, Pakistani intelligence officials said on Thursday.

Source: CIA, Pakistani cooperation scaled back after shooting

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NEW YORK (Reuters) - Mid-tier department store operator Kohl's Corp expects more sales gains this year, while discount retailer Target Corp said fewer shoppers are defaulting on their credit card debt -- signs that consumers' finances are getting better, slowly.

Source: Target, Kohl's say consumer spending gains fragile

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CHARLOTTE, N.C./WASHINGTON (Reuters) - U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by disagreements among the groups involved over the size and shape of an accord, according to sources familiar with the matter.

Source: U.S. foreclosure deal slowed by infighting: sources

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WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday called a government shutdown "unacceptable" but raised pressure on President Barack Obama and his fellow Democrats to go along with deep spending cuts this year.

Source: Republicans raise pressure on spending cuts

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WASHINGTON/RIYADH (Reuters) - The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover export cuts resulting from Libya's civil war.

Source: U.S., Saudi reassure on growth as Libya turmoil drives oil

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VERONA, Italy (Reuters) - Monetary policy makers must closely watch emerging inflation tensions to head off any decline in expectations for price stability, European Central Bank Governing Council member Mario Draghi said on Saturday.

Source: ECB's Draghi says must watch inflation threat

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TEHRAN (Reuters) - Iran confirmed on Saturday it was having to remove nuclear fuel from the reactor of its only nuclear power station, signaling more problems for the Russian-built Bushehr plant after decades of delay.

Source: Iran confirms unloading fuel from Bushehr reactor