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Tiger Woods and General Motors have announced that they will conclude their nine-year endorsement deal at the end of December.

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Read full story for latest details.France and Germany: Auto industry is vital height=”1” width=”1”/>

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Read full story for latest details.Britain plans tax rise on high earners height=”1” width=”1”/>

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Read full story for latest details.German business confidence hits 15-year low height=”1” width=”1”/>

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Trading in a Chinese electrical appliances company was halted Monday after reports that its chairman — the richest man in mainland China — is under investigation on charges of stock market manipulation, the company said.

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Read full story for latest details.European, U.S. stocks surge height=”1” width=”1”/>

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U.S. President-elect Barack Obama names his team that will tackle the financial crisis, nominating New York Federal Reserve Obama names team to tackle economic crisis President Tim Geithner as his Treasury secretary and former Treasury Secretary Larry Summers as a top economics adviser.

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The U.S. government has announced a massive rescue package for Citigroup, saying it would guarantee more than $300 Citigroup secures U.S. government lifeline billion in company assets, while injecting an additional $20 billion in capital into the embattled bank.

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