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Wall Street drops on worries ahead of EU summit

Stocks fell on Wednesday with investors on edge ahead of a summit to hammer out a plan to combat the euro zone debt crisis and finding few reasons to continue buying after two days of gains.

Newer Economies Allow more High Tech Freedom at Work

People work at a cafe in Taipei in this July 31, 2009 file photo.
Employees in fast-growing economies have more freedom over the technology they use for work than their counterparts in developed countries, and are more likely to see corporate provision of devices as a perk, according to a study.
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Gene Controls Sleep Requirement: Study

Some people may be genetically programmed to require longer hours of sleep, according to a new study published in Molecular Psychiatry. The study hopes to reveal the health effects of different sleeping patterns.
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S&P says Franco-German fiscal plan promising

A plan by France and Germany to increase fiscal integration in Europe is promising and could help avoid a mass debt downgrade of euro zone countries by Standard & Poor's, a director with the ratings agency said on Tuesday.
A man carries a wounded boy after a suicide blast targeting a Shi'ite Muslim gathering in Kabul

Twin Blasts in Afghanistan Kill Dozens

Twin blasts in Kabul and the northern city of Mazar-e-Sharif aimed at Afghanistan's minority Shiite Muslims killed nearly 60 people on Tuesday as they celebrated Ashura, one of their sect's holiest days, signaling, perhaps, a new sectarian turn in what was one of the war's deadliest attacks.
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Geithner doesn't see Fed funding IMF euro response

U.S. Treasury Secretary Timothy Geithner said in Germany on Tuesday that the European Central Bank was playing a positive role in the euro zone debt crisis, but he played down talk that the U.S. Federal Reserve could boost IMF funding for the crisis.
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Exclusive: Van Rompuy urges fast-track euro zone moves

Tighter oversight of euro zone fiscal policy can be achieved through minor, rapid adjustments to the EU treaty, European Council President Herman Van Rompuy told EU leaders in an interim report to be discussed at a summit on December 8-9.
Europe's Markets

Europe's Markets Close Mostly Lower Tuesday on S&P Warning

European equities finished weaker in a choppy, thinly-traded session on Tuesday, led lower by retail shares after the world's No.4 retailer Metro issued a profit warning saying the Eurozone debt crisis was undermining consumer confidence.
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German patent firm asks retailers to halt HTC sales

Patent firm IPCom said on Tuesday it had asked top German cellphone retailers to stop selling phones of HTC, threatening them with legal action, as HTC has not complied with a court ruling on injunction of its sales.
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Europe probes publishers, Apple on e-book pricing

The European Commission is investigating whether e-book publishers owned by Lagardere, Pearson Plc, News Corp and two other firms fixed prices with Apple Inc, blocking rivals and hurting consumers.
Alan Brown

Schroders Plc Prefers Cash and Gold, Not Equities

Schroders holds the lowest position possible in equities and has extremely high levels of gold and cash, reflecting its concern about recession in the developed world and a failure to resolve the euro zone debt crisis, its chief investment officer said on Tuesday.
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Wall Street flat on caution over euro zone reform

Stocks were little changed in choppy trading on Tuesday, with cautious investors hoping S&P's downgrade warning for the euro zone would help force budget changes at a European Union summit this week.

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