Brazil stocks edge higher on Vale; real fallsReuters - near the unchanged mark on Thursday as shares of mining company Vale rose after talks to acquire rival Xstrata hit an impasse, while the country’s currency weakened after an eight-day rally. The Bovespa index .BVSP of the Sao Paulo Stock Exchange [...]

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Wall Street upbeat about GM results
Wal-Mart Sees Bigger Loss in Japan Wal-Mart’s Japanese unit Seiyu expects a $195.5 million net loss for 2007, twice as wide as its earlier forecast.

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Solutia’s Suit: Banks Must Honor Pact Solutia sued Citigroup, Goldman and Deutsche Bank for backing out of a $2 billion financing commitment it needs to exit Chapter 11.

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