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S&P downgrades France, eight other euro zone nations

Standard & Poor's carried out a mass downgrade of euro zone countries on Friday, stripping France and Austria of their top-grade AAA ratings in a move that may complicate efforts to solve a two-year old European debt crisis.

India government backs case against internet giants

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The Indian government on Friday threw its weight behind a case against internet giants including Google and Facebook, who are embroiled in a battle over offensive content after a judge warned websites may be blocked like in China.
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Exclusive: Angelides to lead distressed mortgage firm

Phil Angelides, formerly the chairman of a federal commission who led investigations into why the financial markets collapsed, is heading an investment group that hopes to do a good thing for America while turning a profit from the wreckage of the housing market.
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U.S. presses EU on Airbus subsidy compliance

The United States pressed the European Union on Friday for hard evidence that it has complied with a trade ruling on subsidies to planemaker Airbus in a showdown that could kick off a new stage in the world's largest and costliest trade dispute.
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Debt talks falter, Greeks warn of disaster

Talks between Greece and its creditor banks to slash the country's towering debt pile broke down on Friday, with the Greeks warning of catastrophic results if a deal to swap bonds is not reached soon.
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Greek bond swap negotiators less optimistic on deal: source

Greek debt swap negotiators were less optimistic on Friday about reaching an agreement to avert a disorderly default after the latest round of talks with creditor banks, warning failure to reach a deal would be disastrous for Greece and Europe.
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Aon to move headquarters to London

Aon Corp , the world's biggest insurance broker, will move its headquarters to London from Chicago to improve its access to fast-growing emerging markets and boost its presence in the British capital's global insurance centre.
Can ZocDoc Save Healthcare?

Is ZocDoc the Rx for Healthcare?

What would you do if you ruptured your eardrum while on a trip out of town? If you go to ZocDoc, you can schedule a doctor visit right away.
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Debt talks stumble, Greeks warn of disaster

Talks between Greece and its creditor banks aimed at avoiding a disorderly default broke down on Friday, with Greeks warning of disastrous results if a bond swap deal is not reached soon.
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Banks start playing games with your money

A new video game has gotten its hooks into Brian Kealer, a 26-year-old San Francisco software engineer. He's not killing birds or using his vocabulary to impress his friends. No, Kealer is after real prizes, like the iPad2 he just scored. And he's playing with his bank account.
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Analysis: Spain should temper austerity, look to growth

Meeting Spain's draconian austerity targets would cost every worker more than 2,000 euros this year, and even unforgiving markets sense it may be time for the government to moderate the pain and try to bolster a stagnant economy.
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India court warns Web giants about China-style controls

Internet giants including Google and Facebook are embroiled in a growing battle in India over offensive content with a judge warning websites may be blocked like in China, stoking worries about freedom of speech in the world's largest democracy.
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Italy bond auction fails to match Spanish success

Italy's three-year debt costs fell below 5 percent but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months.
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Euro, stocks up ahead of Italian debt sale

European shares and the euro rose on Friday on expectations debt-scarred Italy's first bond sale of the year would go well, but unease over Greece's debt swap deal and prospects for the broader euro zone economy capped gains.
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BofA mulling retreat if financial problems worsen: report

Bank of America Corp , the second-largest U.S. bank by assets, has informed U.S. regulators that it is willing to draw back from some parts of the country if its financial problems worsen, the Wall Street Journal reported on Friday, citing people familiar with the situation.
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Dip in China's FX reserves may hasten policy shift

China's official reserves slipped to $3.18 trillion in the final quarter of 2011, signaling that the days of rampant export-led accumulation of foreign currency are numbered and that new monetary policy steps may be needed to counter capital outflows.
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GE ordered to defend lawsuit tied to 2008 crisis

A federal judge refused on Thursday to throw out a lawsuit accusing General Electric Co and its chief executive of misleading investors about the conglomerate's financial health and exposure to risky debt during the 2008 financial crisis.
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Author of online piracy bill vows not to buckle

The author of the Stop Online Piracy Act vowed to press ahead with his bill despite fierce opposition from internet giants such as Google and Facebook, faulting opponents for putting their profits ahead those lost by victims of counterfeit products.
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LightSquared cries foul over GPS advisory board

Telecom startup LightSquared is asking for an investigation of a possible conflict of interest by a member of an advisory board that has already warned against its technology because of interference with the global positioning system.
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Global shares gain as strong debt sales ease risk

Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand for Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.

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