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Italy, Greece on the Brink, Markets Hold Breath

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Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's leaders struggled to put together a national unity government.

Earnings lift stocks, but Italy woes weigh

Earnings lift stocks, but Italy woes weigh
European shares climbed sharply and Wall Street was set to join in on Tuesday as positive corporate earnings allowed stock investors to look beyond the euro zone debt crisis.
A woman walks past a large logo of Vodafone displayed on a shop in Mumbai May 20, 2010

Vodafone lifts outlook on emerging markets

Vodafone (VOD.L:Quote) lifted its full-year profit outlook on Tuesday as strong growth in emerging markets and robust trading in northern Europe more than offset weakness on the southern fringes of the euro zone.
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Jitters Over Italy Depress Asian Markets

Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
Chastain To Play Diana

Biopic Controversy? Jessica Chastain Plays Diana in Unflattering New Film

Actress Jessica Chastain will play Princess Diana in Caught in Flight, based on her affair with Dr. Hasnat Khan. According to sources who've read the script however, the film casts the beloved Princess of Wales in a very unflattering light as a love-struck stalker, and the choice of an American actress to play a British icon is similarly under fire.
Actor Matt Dillon arrives at the 25th annual Film Independent Spirit Awards in Los Angeles

Myriad Pictures acquires Matt Dillon movie

Myriad Pictures has picked up non-U.K. rights to Seconds of Pleasure, a drama being developed for the big screen and starring Matt Dillon, Julia Stiles, Kristin Scott Thomas, Brendan Fraser and Christina Hendricks, the company announced on Sunday.
Best Buy bags U.S. mobile venture, axes UK chain

Best Buy bags U.S. mobile venture, axes UK chain

The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business, which faces stiff competition from discounters and online retailers. Earlier this year, the U.S. group dropped plans for Best Buy-branded stores in China and Turkey.
Iranian President Ahmadinejad speaks during anti-chemical weapon ceremony in Tehran

Libya Over, Is Iran Next American Target?

With Israeli President, Shimon Peres, trying to show U.N. nations the threat Israel faces from Iran and urging them to build pressure on Iran to disclose its nuclear programs, Iran seems to be inching towards becoming the next target of the U.S. and UK coalition forces.
A protestor holds a placard next to the euro sculpture outside the European Central Bank (ECB) headquarter during a demonstration of the occupy-movement in Frankfurt's banking district

Eurozone Countries Could Split, Says Goldman Sachs Exec

Countries in the Eurozone will find it increasingly unattractive to stay in the single currency, if there is a German-led fiscal integration, the chairman of Goldman Sachs Asset Management said in a Sunday Telegraph interview.

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