LONDON (Reuters) – Carsten Kengeter, co-chief executive of UBS Investment Bank, is stepping back from his additional role as joint head of fixed income, currencies and commodities (FICC), following two high profile appointments in the securities business. UBS appointed Neal Shear, 55, as head of global securities on Monday and named Roberto Hoornweg, 41, [...]

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BEIJING (Reuters) – China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.

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DETROIT (Reuters) – General Motors Co has held advanced talks with Spyker Cars for the sale of its Swedish brand Saab but is proceeding with plans to wind down the unit, GM Chief Executive Ed Whitacre said on Monday.

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WASHINGTON (Reuters) – U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.

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NEW YORK (Reuters) – A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.

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