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Detroit faces future without GM 1:26 Rough Cut

Jun 1 - As General Motors files for bankruptcy, people who live and work in the Detroit area express their dismay at the fate of the largest U.S. automaker.

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U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

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