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Yahoo! News: Business News
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Business News
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Stock futures dip on worries over Greece
(Reuters)
 Reuters - Stock index futures fell on Monday, indicating the benchmark S&P 500 index could pull back after a five-week rally on concerns Greece will be unable to avoid a chaotic default as it tries to reach terms on a new bailout package.
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Merkel presses Greece as another bailout deadline slips
(Reuters)
 Reuters - Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.
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China growth could halve if Europe crisis worsens: IMF
(Reuters)
Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.
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Insight: Two firms flourish in frenzied MF Global aftermath
(Reuters)
Reuters - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
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GM aims for 10 percent profit margin over next few years: report
(Reuters)
Reuters - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.
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Analysis: Stock-picking makes a comeback as macro tides fade
(Reuters)
Reuters - Stock-picking once again matters on Wall Street.
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France says Greek PSI talks going "relatively well"
(Reuters)
Reuters - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult.
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Hasbro 4Q net income dips 1 percent
(AP)
 AP - Hasbro Inc.'s fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles.
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Intense Greek talks for debt deal continue
(AP)
 AP - Greece's European partners tightened the screws on Athens on Monday, demanding that political leaders swiftly agree on more austerity measures in exchange for a new bailout package needed to avert a disastrous bankruptcy.
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New York sues banks over electronic mortgage system
(Reuters)
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
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