Hurricane Ida, the first Atlantic hurricane to target the United States this year, plodded Sunday toward the Gulf Coast with 100 mph winds, bringing the threat of flooding and storm surges.

As the world prepares for crucial climate-change talks in Copenhagen next month, there is a growing rift between the United States and some of the world’s poorest nations. The gap grew wider this past week, at the final official pre-Copenhagen talks in Barcelona.

Reuters – China hopes that the United States will keep its deficit to an appropriate size to ensure basic stability in the U.S. dollar exchange rate, Chinese Premier Wen Jiabao said on Sunday.

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China hopes U.S. keeps deficit to appropriate size
(Reuters)

Reuters – General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel’s chairman, was quoted as saying on Sunday.

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GM to stick to Opel cuts plan: future chairman
(Reuters)

David Hasselhoff is best known for the TV shows Baywatch and Knight Rider , but to Germans he’s a pop hero. Twenty years after the fall of the Berlin Wall, Hasselhoff reminisces about his song that became a soundtrack for that historic moment, “Looking for Freedom.”

Reuters – Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions.

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U.S. closes Home Federal Savings in Detroit
(Reuters)

AP – Two top Florida Democrats want changes to the makeup of the board that oversees Florida’s $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission.

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SEC inquiry could lead to Fla. oversight changes
(AP)

AP – STR Holdings Inc. shares jumped Friday after the solar products company launched its initial public offering, but shares priced below expectations on the New York Stock Exchange.

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STR Holdings shares rise in IPO debut
(AP)

AP – The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:

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AIG, Magna, Activision Blizzard are big movers
(AP)

Reuters – A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as sometimes happened in the 1980s.

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SEC sees evolution in insider trading
(Reuters)