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Precious metals are mainly lower
Precious metals are mainly lower
Gold prices have fallen to a four-week low in after-market trade after Federal Reserve chairman Ben Bernanke sketched a possible time line for ending the central bank's bond-buying program.Bernanke said that if the economy stayed on track, the Fed would begin reducing its asset purchases later this

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IMF calls for urgent steps on Spain unemployment
IMF calls for urgent steps on Spain unemployment
Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27 unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said Wednesday. A repor

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Men's Wearhouse ousts founder, pitchman Zimmer
Men's Wearhouse ousts founder, pitchman Zimmer
Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it fired executive chairman and face of the company George Zimmer, 64, who has appeared in many of its TV commercials with the slogan "You're going to like the way you look. I guarantee it." The c

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Comparison of mass protests in Brazil and Turkey
Comparison of mass protests in Brazil and Turkey
Large-scale protests have engulfed Turkey and Brazil, which are thousands of miles apart, but share some traits such as being new democracies with a growing middle class. Here's a look at the protests in both countries, highlighting the similarities and differences in how they started and developed:

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News Summary: Study: Savings in better use of meds
News Summary: Study: Savings in better use of meds
BIG SAVINGS: If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing medication overuse, underuse and other flaws in care that cause complications and longer, more-expensive treatments, researchers conclude. T

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Bulger, Gandolfini: Mob makes headlines this week
Bulger, Gandolfini: Mob makes headlines this week
The death in Italy of James Gandolfini, who played Mafia boss Tony Soprano on the popular HBO show "The Sopranos," was part of an unusual convergence of mob-related news making headlines this week. Here's a look: JAMES GANDOLFINI'S DEATH Gandolfini, whose portrayal of an emotionally delicate mob bos

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Stocks drift lower as investors wait for the Fed
Stocks drift lower as investors wait for the Fed
Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 10 points, or 0.1 percent, at 15,307 at midday Eastern Daylight Time Wednesday. The Standard & Poor's 500 index was down two points, or

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Sector Snap: Retail and surf, skater trends
Sector Snap: Retail and surf, skater trends
Brands that offer a sense of exclusivity are a key component for capturing shoppers, a retail analyst said Wednesday. Wedbush's Gabriella Santaniello said in a note to clients that current skate fashion is "driven by niche brands where exclusivity of product conveys authenticity of lifestyle." The

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Israel to export 40 percent of its natural gas
Israel to export 40 percent of its natural gas
Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected. The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-ministerial commit

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Banks fall short in helping struggling homeowners
Banks fall short in helping struggling homeowners
A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers. Such delays can plunge borrowers deeper in debt. Joseph A. Smith, the independent monitor of last year's national mortg

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Bluebird Bio shares rocket higher in trading debut
Bluebird Bio shares rocket higher in trading debut
Shares of gene therapy developer Bluebird Bio Inc. are surging in their trading debut. Its shares climbed $9.15, or 53.8 percent, to $26.15 in morning trading Wednesday after trading as high as $27 earlier in the session. The company's initial public offering of 5.94 million shares had been priced

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China, Vietnam agree to set up hotline
China, Vietnam agree to set up hotline
China and Vietnam agreed on Wednesday to set up a hotline to resolve fishing incidents in disputed South China Sea waters that have been a frequent source of tensions between the two ideological allies. The two countries' agriculture ministers signed the agreement in Beijing. No details were immedi

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Clark and Thunell join Fisterra's board
Clark and Thunell join Fisterra's board
General Wesley Clark and Lars Thunell have joined Fisterra Energy's board to help lead the newly formed power development company. Clark is former NATO Supreme Allied Commander in Europe and Thunell is the former head of the International Finance Corp. — the financing arm of the World Bank. Fiste

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