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Yahoo! News: Business News
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Business News
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Ireland to split Anglo Irish into good, bad banks
(AP)
AP - Ireland plans to split its most troubled financial institution, Anglo Irish Bank, in two as part of wider efforts to reassure international lenders that the Irish are taking control of their debt crisis.
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Google seeks to speed up Web searches
(Reuters)
Reuters - Google Inc unveiled a set of enhancements to its Internet search engine on Wednesday that predict search queries as users type, promising to speed up the time it takes to find information online.
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Freddie Mac to issue new 5-year note due 2015
(AP)
AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.
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Interior: More changes needed at drilling agency
(AP)
AP - The Obama administration says it will reinforce and expand reforms being carried out by the beleaguered agency that oversees offshore drilling.
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BP blames contractors for U.S. oil spill
(Reuters)
Reuters - A BP Plc investigation of the Gulf of Mexico disaster played down the company's role in the world's worst offshore oil spill, seeking to share the blame with its contractors.
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Obama sets up battle over tax cuts with Ohio trip
(Reuters)
 Reuters - President Barack Obama, fighting to keep Democrats in charge of Congress, will push his latest plan to kick-start the economy on Wednesday and set up an election-year battle with Republicans over Bush-era tax cuts.
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S&P 500 rises 1 percent
(Reuters)
 Reuters - The Standard & Poor's 500 index rose more than 1 percent in afternoon trading on Wednesday, while the Dow and Nasdaq added to gains as worries about Europe's banking system decreased, easing risk aversion.
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EU suspends WTO dumping sanction bid against US
(AFP)
 AFP - The European Union said Wednesday it had suspended a request at the World Trade Organization for the right to impose sanctions on Washington over a controversial US anti-dumping calculation.
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Smithfield posts 1Q profit on higher pork prices
(AP)
 AP - Smithfield Foods Inc. said Wednesday higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter.
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Summary Box: Mortgage lending falls 1.5 pct
(AP)
AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.
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