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Reuters: Top News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Obama says drafting bold economic stimulus
CHICAGO (Reuters) - U.S. President-elect Barack Obama said on Saturday that he was crafting an aggressive, two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices.
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Annan, Carter barred from Zimbabwe
JOHANNESBURG (Reuters) - Zimbabwe has barred former U.N. secretary general Kofi Annan, former U.S. President Jimmy Carter and other prominent figures from visiting the country to assess the humanitarian crisis, the group said on Saturday.
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Citigroup talking to U.S. government as shares dive: source
NEW YORK (Reuters) - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter said.
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Somali rebels take steps to attack tanker pirates
MOGADISHU (Reuters) Islamist militants in Somalia took steps on Saturday to attack pirates behind the world's biggest hijack and rescue the captured Saudi Arabian supertanker, an Islamist spokesman said.
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GM cuts output, jets as U.S. demands turnaround plans
DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets.
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General Motors board weighs bankruptcy option: report
WASHINGTON (Reuters) - The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the Wall Street Journal's website late on Friday.
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Wall Street stages late rally on Geithner news
NEW YORK (Reuters) - U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration's ability to take action.
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Soros says U.S. needs billions more in aid measures
BERLIN (Reuters) - The U.S. economy needs additional support measures of between $300 billion and $600 billion to help it withstand the financial crisis, U.S. billionaire investor George Soros was quoted as saying by a German weekly.
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U.S. strike in Pakistan kills wanted British militant
PESHAWAR, Pakistan (Reuters) - Rashid Rauf, a British militant with al Qaeda links, was killed along with an Egyptian by a suspected U.S. missile strike in northwest Pakistan on Saturday, Pakistani television channels and intelligence officers said.
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U.S. eyes "surge" of over 20,000 for Afghanistan
CORNWALLIS, Nova Scotia (Reuters) - The Pentagon is considering a plan to send more than 20,000 troops to Afghanistan over the next 12 to 18 months to help safeguard elections and quell rising Taliban violence, officials said on Friday.
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