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Weak Eurozone Data, Greece Downgrade Hit Stocks: Daily Markets Wrap

It didn't take long for the initial relief following Tuesday's long-awaited Greek bailout deal to die down. Global stocks ended Wednesday lower as investors took a cautious stance on the Eurozone economic outlook following disappointing business activity data and Fitch's announcement to cut Greece's credit rating further into junk status.

IBM eyes cybersecurity market with new platform

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International Business Machines is gearing up to take a chunk of the growing Internet security market by applying its data analytics to help companies and organizations fight cyberattacks.
Twitter promoted tweets

Twitter 500M-Users Report Exaggerated, 100M Active Users More Accurate; Pales in Comparison to Facebook

Early this afternoon, shortly after 1 p.m. (EST), Twitter, the beloved micro-blogging website, logged its 500 millionth user according to market analysis company Twopcharts. The analysis company expects Twitter to acquire its 600 millionth user in just over 100 days. Twopcharts has even created a countdown website to mark the occasion. Not everyone is convinced by the metrics released by Twopcharts, namely The Next Web (TNW) who said in a blog post, Color us healthily skeptical.
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S&P fails to break key level

Stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
People protest against hydraulic fracturing outside the Tribeca Performing Arts Center in New York

New York Town Gets Court OK to Ban Hydraulic Fracturing

A branch of the New York State Supreme Court ruled Tuesday that the Town of Dryden can prohibit the gas drilling hydraulic fracturing within its borders. The decision could embolden other New York municipalities to impose similar bans, potentially upending the primacy of state law over the oil and gas industries.
A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona

Home Resales at 1-1/2 Year High as Supply Falls

U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Signage for a T-Mobile store is pictured in downtown Los Angeles, California

T-Mobile Asks FCC to Block Verizon's Airwaves Bid

T-Mobile USA Inc. asked regulators in a filing on Tuesday to block Verizon Wireless (NYSE:VZW)'s bid to buy airwaves from cable companies, arguing that the move would pose a clear threat to competition.
Robert Pattinson

Robert Pattinson Reveals 'Bel Ami' Sex Scene Details

Robert Pattinson has opened up about performing sex scenes in his new steamy film, Bel Ami, where he plays the part of a young man in 19th century Paris, who manipulates influential and wealthy women (not including Kristen Stewart) to rise to power.
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Garmin profits from higher PND prices

Garmin Ltd's quarterly results blew past estimates as revenue from personal navigation devices grew on improved pricing, and demand for its outdoor and fitness GPS products rose, sending its shares to their highest in nearly four years.
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Scientists Seek Partners for Medical Isotope Process

Several companies are in talks with Canadian scientists on commercializing a new method to produce a crucial medical isotope without using feedstock from a nuclear reactor, one of the lead scientists said on Tuesday.
Gold bullion vault

Novagold Seeks Buyer for Stake in Galore Creek Project

Canadian miner Novagold said on Wednesday it has begun the process of trying to sell its 50 percent stake in the Galore Creek copper-gold project in British Columbia so that it can focus fully on its flagship Donlin gold project in Alaska.

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