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Japan’s trade and economy minister said Friday that his nation remained watchful of a possible fallout from Chrysler’s bankruptcy because of possible damage to Japanese parts makers.
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Hundreds of schools scattered around the country closed as the nation’s swine flu caseload passed 100 Thursday, and U.S. authorities said they eventually could produce enough vaccine for everyone if necessary — but that shots couldn’t begin until fall at the earliest.
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Fears that a Chrysler LLC bankruptcy could devastate southeast Michigan and harm Chrysler workers and retirees nationwide were abating somewhat as details of the deal were released Thursday.
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The number of newly laid-off workers signing up for unemployment benefits dropped unexpectedly last week, while people continuing to draw aid topped 6.3 million, setting a record for the 13th straight week.
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Talks between Chrysler LLC’s lenders and the Treasury Department to reduce the automaker’s $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday.
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