Kraft to cut salt in its North American foods (AP)
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Kraft Foods Inc. said Wednesday that it will cut the salt in its products that are sold in North America by an average of 10 percent over the next two years to appeal to health-conscious consumers.
Source:Kraft to cut salt in its North American foods (AP)
New CFO says GM has chance to make 2010 profit (AP)
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If the economy cooperates and auto sales recover a bit, General Motors Co. has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said Wednesday.
Source:New CFO says GM has chance to make 2010 profit (AP)
February wholesale prices drop 0.6 percent (AP)
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Prices at the wholesale level plunged in February by the largest amount in seven months as a big drop in energy prices offset higher food costs.
Source:February wholesale prices drop 0.6 percent (AP)
Toyota chief says training lapsed amid fast growth (AP)
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Toyota’s training of workers to maintain quality control failed to keep up with the company’s rapid growth, its president Akio Toyoda said in an interview with a major Japanese business daily.
Source:Toyota chief says training lapsed amid fast growth (AP)
Italy sees self as resilient to economic collapse (AP)
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As Greece wins at least temporary respite from its debt troubles, will Italy be the next to face a crisis? The chronically underachieving nation is saddled with an astonishing level of debt, no real prospect for growth, and a a leader mired in scandal.
Source:Italy sees self as resilient to economic collapse (AP)
Australia concerned about Rio Tinto trial (AP)
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Australia expressed disappointment Thursday that charges of stealing business secrets against one of its citizens would be tried in a closed court in China, and some lawmakers doubted the mining executive involved would get a fair hearing.
Source:Australia concerned about Rio Tinto trial (AP)
Stocks rise after Fed pledges to keep rates low (AP)
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The Federal Reserve’s mildly upbeat take on the economy and its plans to hold interest rates low gave stocks a lift. The Dow Jones industrial average rose almost 44 points Tuesday for its sixth straight gain.
Source:Stocks rise after Fed pledges to keep rates low (AP)
$70M in prescription drugs stolen in US heist (AP)
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Thieves scaled a wall at a pharmaceutical warehouse over the weekend, cut a hole in the roof and rappelled inside to steal about $70 million in antidepressants and other prescription drugs, authorities said Tuesday.
Source:$70M in prescription drugs stolen in US heist (AP)
Fed holds rates at record lows to foster recovery (AP)
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The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
Source:Fed holds rates at record lows to foster recovery (AP)
Senators back bill to pressure China on currency (AP)
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A group of 14 U.S. senators unveiled legislation Tuesday that seeks to increase pressure on China to let its currency to rise in value against the dollar, saying Chinese “currency manipulation” is hurting the U.S. economy.
Source:Senators back bill to pressure China on currency (AP)