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CIT Group 4Q Profit Falls 59 Percent

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CIT Group Inc., the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.

CIT Group Q4 profit falls 59 percent

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CIT Group Inc , the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.
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EU regulators probe Samsung over mobile patents

European Union regulators are investigating whether Samsung Electronics breached antitrust rules in its legal battles against rivals, among them Apple, which use its mobile technology patents.
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Nikkei Ends Flat, but Has Best January in 13 Years

Japan's Nikkei share average ended nearly flat on Tuesday, but logged its best January performance in 13 years as investors remained optimistic that the U.S. economic recovery could offset disappointing domestic corporate earnings.
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German court upholds ban of Samsung's older tablet

Samsung Electronics lost a bid to overturn a ruling barring its local unit from selling its Galaxy 10.1 tablets in Germany, handing a symbolic legal victory to Apple Inc in efforts to keep its lead spot in the tablet computer market.
WikiLeaks founder Julian Assange arrives at the High Court in London

Julian Assange to guest star on The Simpsons

Controversial WikiLeaks founder Julian Assange will be a guest character and voice on animated TV comedy The Simpsons, playing a neighbor of the family after they move from their home in fictional Springfield.
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Honda slashes annual profit outlook on disasters, yen

Honda Motor Co forecast a worse-than-expected 65 percent drop in profit for the year to March after natural disasters in Japan and Thailand hammered it harder than its rivals while the strong yen delivered an added blow.
Asian Stocks

Asian Shares Recover on Greek Debt Hope

Asian shares and the euro rose on Tuesday after Greek Prime Minister Lucas Papademos raised hopes that a deal would be reached this week to avoid a potentially chaotic debt default, but worries over Portugal's refinancing ability capped gains.
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J&J to replace Tylenol unit management: report

Johnson & Johnson will replace two company group chairmen in charge of its unit that makes Tylenol, following a series of recalls of its popular medicines, the Wall Street Journal said, citing an internal company announcement.
Free Syrian Army

Syrian Troops Recapture Damascus Suburbs

Syrian President Bashar al-Assad's forces have taken the upper hand in escalating battles on the outskirts of the capital Damascus while top Western and Arab diplomats are seeking a U.N. Security Council resolution calling for him to go.
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Warm winter adds to retailers' post-holiday blues

Unseasonably warm weather across the United States forced many retailers to offer deeper-than-usual discounts to clear out coats, sweaters and boots in January, pointing to tepid sales in the typically slow post-holiday month.
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Mexicans overcharged billions for phone, web: study

Mexicans have been overcharged $13.4 billion a year for phone and internet services as the industry dominated by billionaire Carlos Slim gouges customers and keeps the economy from growing, a study released on Monday said.
Germany's Chancellor Merkel meets with France's President Sarkozy and Italy's Prime Minister Monti shortly before an informal meeting of the European Council ahead of the European Union leaders summit in Brussels

EU States Back Germany's Fiscal Discipline Pact

Chancellor Angela Merkel cemented her political ascendancy in Europe Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.

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