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The Republican congressman argues that the central bank is unnecessary and wants monetary policy to be more transparent.
Google CEO Eric Schmidt says that traditional news outlets need to find new ways to get subscribers to pay for content online.
In a joint move with Shanghai Automotive, GM follows Ford into one of the world's fastest growing markets.
In a surprise move, Fritz Henderson resigns from GM, which will now be run by its third CEO in a year.
Central bank provides $115 billion in loans to free up credit markets and tamp down the surging yen.

