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Obama Says Bernanke Has Stayed at Fed 'Longer Than He Wanted'
President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post �longer than he wanted,� one of the clearest signals the central bank chief will leave when his current term expires next year.
FOREX-Dollar hovers above 2-month low vs yen; Aussie down on RBA  Reuters
New Zealand Dollar Weaker Late  Wall Street Journal
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China Home-Price Gains Add to Dilemma on Cash Crunch: Economy
Chinese property prices rose at the fastest pace in more than two years in major cities, defying tougher government curbs and constraining the ability of policy makers to ease credit in response to weakening economic growth.
UPDATE 1-Shanghai rebar hits near 3-wk top, raw material costs rise  Reuters
China May home prices rise 6% y/y: Reuters calculation  Business Times (subscription)
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UPDATE 1-NY manufacturing growth picks up in June, details weak
Mon Jun 17, 2013 6:22pm IST. NEW YORK, June 17 (Reuters) - Growth in the New York state manufacturing sector picked back up in June, but the details were less encouraging as new orders and employment fell to their lowest levels in five months, a report ...
NY Fed Manufacturing Index Improved in June  Wall Street Journal
US June Empire State Manufacturing Index (Text)  Bloomberg
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Third Point ups Sony stake, calls for independent entertainment board
TOKYO | Tue Jun 18, 2013 2:08am EDT. TOKYO (Reuters) - New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with ...
Third Point's Dan Loeb steps up pressure on Sony  Financial Times
Third Point Boosts Sony Stake as Daniel Loeb Seeks Talks  Bloomberg
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UPDATE 3-US top court says FTC can sue over deals that delay generic drug ...
Mon Jun 17, 2013 11:50pm IST. * Most drug settlements may still be allowed. * Companies' share prices steady on Monday. By Lawrence Hurley and Diane Bartz.
High court rules 'pay-for-delay' drug deals can face antitrust suits  Los Angeles Times
Setback for Pacts That Delay Sale of Generics  Wall Street Journal
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Airlines' performance improves, lags other industries: US poll
By Chris Michaud. Tue Jun 18, 2013 1:16am EDT. (Reuters) - U.S. consumers are more satisfied with airlines in recent years but the industry still gets relatively low marks, mainly due to the onboard experience, according to a new customer poll released on ...
US Airlines Get Higher Marks From Fliers  Wall Street Journal
Annual report finds improved customer satisfaction for airlines  Fox11online.com
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Reduced pension payouts, worker concessions a tough sell for Detroit's ...
Emergency Manager Kevyn Orr and Detroit's union leaders and pension fund representatives are gearing up to meet Thursday in what some experts said could be a pivotal turning point in efforts to keep Michigan's largest city out of bankruptcy.
UPDATE 3-Detroit default, restructuring plan break new ground -Moody's  Reuters
In Embattled Detroit, No Talk of Sharing Pain  New York Times (blog)
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Japan expects Russian foreign minister to visit this fall
In order to bolster political ties between Japan and Russia, Prime Ministers Shinzo Abe and Vladimir Putin agreed to have Russian Foreign Minister Sergei Lavrov visit Japan.
Japan PM promotes nuclear exports at central Europe summit  DAWN.com
Abe seeks to convince G8 partners of 'Abenomics'  Deutsche Welle
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UPDATE 4-Big investor urges Smithfield breakup over buyout
Tue Jun 18, 2013 3:17am IST. * Starboard: Selling pieces could net $44-$55/shr. * Says looks to engage in talks with interested parties.
Smithfield to Review Letter From Starboard  Wall Street Journal
Smithfield Aims To Stick With Sale After Shareholder Says Breakup Is Better  Forbes
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Pa. woman sues McDonald's store owners over prepaid debit card used for wages
She asked for paper - but all they offered was plastic. A Pennsylvania woman is now suing the McDonald's franchise that refused to pay her by check and instead insisted on employees using payroll debit cards.
McDonald's Sued Over Debit Cards  ABC News
Pa. McDonald's franchise sued over payroll cards  KASA
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