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Debt woes in Europe. Talk of an economic soft patch. Tanking commodities. Sliding stock prices. Wall Street on edge. Sound familiar?
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Sales of new single-family homes rose in April from March but remain far below sales from 12 months earlier, the U.S. Commerce Department said Tuesday.
Chrysler has repaid the remaining 7.6 billion
dollars owed to the U.S. and Canadian governments, the company said
Tuesday.
The US might well side ultimately with Europe giving it the IMF chairmanship,
which has fallen vacant since the resignation of Dominique Strauss-Kahn, but
for now it has said it wants to weigh all options it seems.
It's a perennial debate around Detroit, but the real answer might be that both stocks are a pretty good deal.
Two workers died in an explosion at the iPad factory in Chengdu, capital of China's Sichuan province, on Friday evening. The cause of the explosion is still under investigation.
Greek Prime Minister George Papandreou on Monday
said his cash-strapped government will accelerate privatizations of
government holdings in an effort to raise money and cut the country's
massive deficit.
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