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    Last update: December 22, 2009

    +GM to Take $39 Billion Non-Cash Charge
      LOS ANGELES (Reuters) - Automaker General Motors Corp (GM.N) said on Tuesday it would book a $39 billion non-cash charge in the third quarter related to deferred tax assets in the United States, Canada and Germany.

    +Latest Market News
      

    +Oil Hits New Record on Mideast Blasts
      Oil prices rose more than $2 per barrel and set a new tradinghigh on Tuesday on expectations of declines in U.S. crude oilstocks, fueling concerns of a supply shortage as winter begins inthe Northern Hemisphere.

    +Microsoft Boots CIO for 'Violating'Policies
      SAN FRANCISCO -- Microsoft Corp. said it fired its chief information officer for "violating company policies"but declined to provide further details.

    +Mattel Adds More Toys to Recall List
      WASHINGTON (AP) - Mattel Inc. on Tuesday recalled more than172,000 Fisher-Price kitchen toys in the United States and Europebecause several children choked and gagged on small, detachableparts.

    +Yang Defends Yahoo in China Case
      WASHINGTON (AP) - Yahoo Inc. Chief Executive Jerry Yangtestified to lawmakers on Tuesday that the company has been ``openand forthcoming''about its role in a Chinese governmentinvestigation that led in 2005 to a journalist's imprisonment.

    +C-Suite Shuffles Leave Fewer Black CEOs
      NEW YORK (AP) - It's getting lonelier at the top for black CEOs.

    +As Whacking Ends, What's Good to Buy
      TheStreet.com's Jim Cramer says the market showed its stuff Monday, and health care, tech and retail look like buys.

    +Bush Proposes Federal Recall Powers
      The U.S. government's food and drug regulatoryagency would be empowered to order mandatory recalls of productsdeemed a risk to consumers under recommendations from an advisorycommission created in response to concerns about recalls ofdangerous toothpaste, dog food and toys.

    +Home Inventory Levels a 'Critical Issue'
      TOKYO (AP) - Former U.S. Federal Reserve Chairman Alan Greenspansaid Tuesday that cutting excess home inventories in the UnitedStates is key to stabilize the financial system at home and therest of the world.

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