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China's Trade Balance Swings To Large Deficit From Small Surplus

A shopper walks at the Dragonmart mall in Dubai, February 26, 2012.
In a stunning move, China's trade balance fell to a deficit of $31.5 billion in February from a surplus of $6.5 billion in January, according to data in multiple media reports on Saturday -- and the country's trade deficit may be its largest in the 21st century.
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China Feb trade deficit at $31.5 billion as imports leap

China chalked up its largest trade deficit in at least a decade in February at $31.5 billion, as imports soared 39.6 percent on a year earlier at more than twice the pace of export growth, leaving analysts cautious about seasonal distortions to trade activity.
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''Kony 2012'' director answers critics of video

The director of a video sensation that calls for the arrest of Joseph Kony, the fugitive rebel leader of a Ugandan militia group, agreed on Friday with skeptics who have called the film oversimplified, saying it was deliberately made that way.
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''Kony 2012'' director answers critics of video

The director of a video sensation that calls for the arrest of Joseph Kony, the fugitive rebel leader of a Ugandan militia group, agreed on Friday with skeptics who have called the film oversimplified, saying it was deliberately made that way.
Applicants Fill Out Forms During a Job Fair at the Southeast LA-Crenshaw WorkSource Center in Los Angeles

Weekly US Economic Snapshot: How Are We Doing?

The economic picture got considerably messier this week, as positive data on job creation battled with gasoline-price-fueled inflation concerns in economists', policymakers' and consumers' minds. Joyous declarations that the economy is finally getting better have turned into more studious critiques of how the incipient recovery is actually affecting poor, working-class and middle-class people.
Iron and Steel Industry in China

China Economic Slowdown: Could It Bring Jobs Back To The US?

The global markets tumbled this week, due in part to concerns about China's slowed economic growth. There are several reasons, however, why China's economic slowdown could actually benefit the U.S., despite the market's immediate reaction. One reason is the possible return of jobs to the United States' manufacturing sector.
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Gold Forecast 2012 and Beyond: Why Prices Could Surge

Back in late 2010, billionaire hedge fund manager John Paulson told “a standing-room-only crowd at New York’s University Club” that US inflation could hit double-digits in 2012. His forecast on gold and inflation, however, haven’t panned out so far in 2012.
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Regulator approves Cap One: HSBC deal

Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
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Job creation heralds stronger recovery

Employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve.
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Government sues Buffett's NetJets unit for unpaid taxes

NetJets Inc, a private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc , was sued for $366.3 million by the government to recover unpaid taxes, four months after sued the government for nearly twice as much.
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Regulators approves Cap One-HSBC deal

Bank regulators approved Capital One Financial's acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
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New York Times paid former CEO $24 million

Former New York Times Co Chief Executive Janet Robinson received a total payout of nearly $24 million after she left the newspaper publisher at the end of last year, according to a regulatory filing on Friday.

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