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24 June 2010 6:27 PM | Tagged: gmac financial services
Corrects spelling of 'czar' in first paragraphWASHINGTON Kenneth Feinberg will step down from his role as Treasury's pay czar later this summer to focus on administering the BP Plc's $20 billion oil spill fund, a Treasury spokesman said on Wednesday.The Treasury did not provide a specific date for Feinberg's departure, and it has not yet chosen a replacement for him.Feinberg, a longtime Washi

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24 June 2010 6:27 PM | Tagged: remote controlled submarines
NEW ORLEANS A cap was back in place on BP's broken oil well in the Gulf of Mexico after a deep-sea blunder forced crews to temporarily remove what has been the most effective method so far for containing some of the massive spill.Engineers using remote-controlled submarines repositioned the cap late Wednesday after it had been off for much of the day.It had captured 700,000 gallons of oil in the

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24 June 2010 6:27 PM | Tagged: china central television
BEIJING Chinese Premier Wen Jiabao rallied rescuers and comforted victims in southern China's Jiangxi province on Thursday following widespread flooding that has killed more than 200 and caused $6.4 billion in damages.More torrential rains are expected for the southern regions of Guizhou, Hunan, Jiangxi, Zhejiang, Fujian, and Guangxi in the next two days, Xinhua reported, threatening to hamper r

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24 June 2010 5:18 PM | Tagged: oil platforms
MEXICO CITY Hurricane Darby, the second hurricane of the 2010 Pacific season, formed in the eastern Pacific near Mexico on Thursday but was not headed for land and there are no oil platforms in the area.Darby, with winds up to 75 mph was 235 miles south of the beach town of Puerto Escondido, the Miami-based hurricane center said in a statement.(Reporting by Noel Randewich; Editing by Doina Chia

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24 June 2010 5:18 PM | Tagged: home improvement loans
FAIRFIELD, Conn. General Electric Co.said Thursday that its plan to pour $5 billion in investments into energy efficient and environmentally oriented projects has been met a year ahead of schedule.It also said it is committed to spend an additional $10 billion by 2015.General Electric, based in Fairfield, Conn.said in its annual report that its investment in its ecomagination program is paying

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24 June 2010 5:18 PM | Tagged: bp oil spill
LONDON British Prime Minister David Cameron steps into a potential hornets' nest of trans-Atlantic conflict when he makes his global debut this week at the G-20 summit in Canada — with tensions over Afghanistan, Europe's debt crisis and the BP oil spill gaining in intensity.Cameron, who took office just over a month ago, will likely seek to smooth London's special relationship with Washi

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24 June 2010 5:18 PM | Tagged: gov charlie crist
A summary of events Thursday, June 24, Day 65 of the Gulf of Mexico oil spill that began with the April 20 explosion and fire on the drilling rig Deepwater Horizon, owned by Transocean Ltd.and leased by BP PLC, which is in charge of cleanup and containment.The blast killed 11 workers.Since then, oil has been pouring into the Gulf from a blown-out undersea well.CAP A cap was back in place on BP's

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24 June 2010 5:18 PM | Tagged: human genome project
LONDON The 10-year-old Human Genome Project has only just begun to bring to fruition its promise to transform medicine, its founders said on Thursday.Francis Collins, who led the U.S component of the project and is now director of the U.S National Institutes of Health, said that although it may seem that the revolution promised with the publication of the first draft in 2000 is slow in coming