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Nasdaq rises 1 percent, stocks extend gains

Stocks extended their gains on Thursday, with the Nasdaq up 1 percent as Greece moved closer to concluding a bond swap with private creditors that is needed to prevent a messy default.

Falcone is still a billionaire, despite troubles

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Hedge fund manager Philip Falcone started 2012 with a series of setbacks, but there is one thing he can still count on this year: membership in the hyper-exclusive club of the world's richest people.

Anonymous hurt by arrests but hard to kill

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In turning one of its best-known hackers into an informant and breaking open the highest profile elements of the Anonymous movement, authorities have dealt a serious blow to a group they found a growing irritant.
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CORRECTED-Anonymous hurt by arrests but hard to kill

In turning one of its best-known hackers into an informant and breaking open the highest profile elements of the Anonymous movement, authorities have dealt a serious blow to a group they found a growing irritant.
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Whistleblower says BofA defrauded HAMP

Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday.
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BoE holds policy steady as growth proves patchy

The Bank of England left its monetary policy unchanged on Thursday, deciding that February's extra 50 billion pounds ($79 billion) of quantitative easing was enough for now to support the economy through a period of fitful recovery.
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OSCE urges Tajiks to end shutdown of Facebook, sites

The Organisation for Security and Cooperation in Europe has urged Tajikistan to end a local shutdown of Facebook and several Russian-language sites that had published material critical of the nation's veteran leader.
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ECB expected to hold rates as critics pipe up

The European Central Bank is expected to keep interest rates on hold later on Thursday and signal that it has played its part in fighting the euro zone crisis after unleashing a dramatic sweep of measures that has unsettled some at the bank.
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ECB likely to hold interest rates

The European Central Bank is expected to keep interest rates on hold later on Thursday and signal that it has played its part in fighting the euro zone crisis after unleashing a dramatic sweep of measures that has unsettled some at the bank.
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U.S. to sell $6 billion in AIG stock

The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
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Treasury to sell $6 billion in AIG stock

The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
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Treasury to sell $6 billion in AIG stock

The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
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China to add to squeeze on world corn supply

Beijing and the influential U.S. agriculture department may have overstated China's corn crop by as much as 14 percent, pointing to higher imports from the world's second-largest consumer of the grain that could squeeze already tightening global supplies.
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Japan GDP contraction eases, current account in red

Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure, but the current account swung to a record deficit in January as a shift away from nuclear power pushes up fossil fuel imports.
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Japan GDP revised up, current account in red

Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure to cope with an increase in demand due to reconstruction of the country's tsunami-battered northeast coast.
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PayPal sparks furor over limits on obscene e-books

PayPal, the online payments arm of eBay Inc, has sparked a furor in the publishing world by asking some e-book distributors to ban books that contain obscene themes including rape, bestiality or incest.
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Fed mulling sterilized bond purchases: report

Federal Reserve officials are considering a novel approach to bond buying aimed at countering some of the worry that another round of asset purchases by the central bank could fuel inflation, according to the Wall Street Journal.
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Analysis: Insurers forced to rethink tornado coverage

The deadly start to the 2012 tornado season is forcing insurers to reconsider the risks of coverage in the most storm-prone parts of the United States and industry insiders say they may have to rethink how they handle the underwriting of the reoccurring natural disasters.
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Banks lift Wall Street, breaking 3-day skid

Stocks broke a three-day losing streak on Wednesday, recovering some recent losses after a report showed the U.S. private sector added more jobs than expected last month.
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AMR offers to freeze, not terminate, pensions

AMR Corp, the bankrupt parent of American Airlines, on Wednesday proposed a plan to freeze pensions covering many of its workers, retreating from an earlier proposal to terminate them and leave them to government insurers, which could result in lower payouts.
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UK bank body wants to keep control of Libor

Britain's banking trade body has no plans to cede oversight of Libor to regulators, saying it remains fully committed to the interbank lending rates being scrutinized by global enforcement agencies for signs of manipulation.

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