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U.S. Federal Reserve

Fed Points to Risks from Europe

The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.

Deadline Time as Japan's Olympus struggles to Survive

Former Olympus Corp CEO Michael Woodford speaks to reporters upon his arrival at Haneda airport in Tokyo
Japan's scandal-ridden Olympus Corp faces one of its biggest challenges to survive as an independent company on Wednesday, when it must meet a deadline to file its second-quarter results or be delisted from the Tokyo stock exchange.

Fed sees risks from Europe

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The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
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Samsung Galaxy Nexus: Top 4 Contenders

The highly anticipated Samsung Galaxy Nexus has been released in the UK, Japan and Canada, while customers in the United States have been eagerly awaiting its release. The latest Google Android phone will runs only on the Verizon network and is rumored to be hitting stores in U.S. on Dec. 15.
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Price fixing or good manners? Jury might decide

As the Department of Justice gears up for a rare criminal trial against a publicly traded company, the Taiwanese defendant wants to argue that prosecutors just don't get Asian business culture.
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Japan urges EU to make more convincing efforts

Japanese Finance Minister Jun Azumi on Tuesday urged Europe to make further efforts to convince markets of its resolve to overcome the region's debt crisis and expressed caution about any potential Japan contribution to a rescue fund through the IMF.
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Japan likely to pick F-35 fighter this week: media

Japan is likely to pick Lockheed Martin's F-35 fighter jets to replace its ageing fleet of F-4 Phantom fighters, reaffirming strong security ties with the United States, Japanese media reported on Tuesday.
Passersby walk in front of an electric board displaying movements of the Japanese yen's exchange rate against the U.S. dollar outside a brokerage in Tokyo

Stocks, Euro Hit as Possible Europe Downgrades Loom

Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a last chance European Union summit failed to convince markets.
Greenpeace activists hold a mock party opposite the venue where the United Nations Climate Change Conference (COP17) is being held, in Durban December 10, 2011.

Durban deal may do little to cool heating planet

The world is forecast to grow hotter, sea levels to rise, intense weather to wreak even more destruction and the new deal struck by governments in Durban to cut greenhouse gas emissions will do little to lessen that damage.
Hyundai Elantra

U.S. Auto Sales Jumped 7 Percent in November: Report

Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.
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Olympus ex-CEO to meet MPs, push for Japan reform: source

The whistleblower in a $1.7 billion accounting scandal at Japan's Olympus Corp, ex-CEO Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday.
Chairman of the U.S. Nuclear Regulatory Commission (NRC) Gregory Jaczko attends a news conference during the Ministerial Conference on Nuclear Safety in Vienna in Vienna June 21, 2011.

Provocative U.S. Nuclear Chief Faces Political Test

The embattled chief of the U.S. nuclear safety regulator found some powerful political support on Saturday ahead of Capitol Hill hearings next week that will scrutinize his bid to enact sweeping safety reforms.
Former Olympus chief executive Michael Woodford leaves after meeting with members of the Justice Department and the FBI in New York

Olympus Ex-CEO to Meet with Japan Ruling Party

Olympus Corp's ousted CEO, Michael Woodford, will on Thursday meet a panel of lawmakers from Japan's ruling Democratic Party looking at ways to tighten corporate governance in the wake of the accounting scandal at the endoscope maker, a source familiar with the plan told Reuters.

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