UNITED STATES

Jobless Claims Drop to Lowest Since April 2008; U.S. Debt-to-GDP Passes 100%

The number of Americans filing for first-time unemployment benefits continued to decline last week, even after dropping to a three-and-a-half year low in the previous week. The figure is still below a key threshold for gauging the job market, a sign that the labor market is gaining strength heading into 2012.

2011 In Review: Occupy Wall Street Timeline

Occupy Wall Street
Occupy Wall Street registers as one of the biggest surprises of 2011. Despite constant criticisms that it lacked a concrete set of goals or demands, Occupy Wall Street's broad critique of economic injustice resonated with a country still grappling with the fallout from the financial crisis. A timeline of the movement.
Traders work on the floor of the New York Stock Exchange

Top 10 Market Predictions for 2012

The fact is everyone in the financial services or wealth management business has thought about what they feel the markets will do next year. Following are the 10 market predictions for 2012 from Oliver Pursche, co-portfolio manager of GMG Defensive Beta Fund.
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EU airline carbon move could spark trade war: China

Beijing criticized a decision by Europe's highest court to allow airlines to be charged for carbon emissions on flights to and from the European Union, with state media warning on Thursday it could spark a trade spat and the foreign ministry urging talks.
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Futures rise ahead of GDP, jobless data

Stock index futures rose on Thursday, putting the S&P 500 on track for its third straight day of gains as investors awaited a batch of economic data for signs the economy was slowly improving.
Online Trends

Online Sales Showing Sustained Momentum throughout Q4

Jefferies said its several checks suggest that online sales rose a solid 15 percent year-over-year in the Nov. 1 to Dec. 18 holiday season period, an acceleration from the pace of growth in the first nine months of the year.
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European stocks gain as bank funding pressure eases

Financial stocks led a solid recovery on European share markets Thursday in thin trade and bank-to-bank lending rates fell, as signs grew that the nearly half a trillion euros banks borrowed from the region's central bank will ease funding strains.
Aisha Khan

Aisha Khan: Missing Student Found Safe, Not Abducted

Aisha Khan, a teenager from Olathe, Kansas, who went missing on Dec. 16, from the Edwards campus of the University of Kansas has been found, said Overland Park police officials. According to a statement released late on Wednesday evening, she was not abducted and had left of her own free will.
Europe's Markets

Gold, Euro in Tight Range, European Stocks up

Rising European stocks and a weaker dollar supported gold Thursday, but the yellow metal remained tethered to the previous day's closing price on light volume and a lack of anything that encouraged risk taking.
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Apple iPhone market share slips in Europe: research firm

The long-awaited launch of the iPhone 4S has helped Apple win market share in the United States and Britain, although it is losing ground in the rest of Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.
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Democrats seek victory in payroll tax cut fight

With House of Representatives Republicans under attack from friends and foes, Democrats held out for victory in a fight over extending a payroll tax cut for millions of workers that is set to expire at year's end.
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Michael Douglas' son handed more prison time

The son of Oscar-winning actor Michael Douglas was sentenced on Wednesday to an additional 4 and a half years in prison for taking drugs while jailed on separate offenses of possessing and dealing narcotics.
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China slams Christian Bale for creating news

China slammed Hollywood actor and Batman star Christian Bale Wednesday for creating news after he was roughed up by security guards as he attempted to visit a blind legal activist whose detention has sparked a domestic and international outcry.
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Rio police seek to indict Chevron, Transocean officials

Federal police in Brazil on Wednesday recommended the indictment of several Chevron and Transocean officials involved in an oil spill in early November for environmental crimes and withholding information in an investigation.
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Lesbian couple share traditional Navy first kiss

History was made on a Virginia Beach pier on Wednesday when two women sailors, one just home from 80 days at sea, became what was believed to be the first same-sex couple to share the Navy's traditional first kiss.
Tilda Swinton is interviewed at the Academy of Motion Picture Arts and Sciences' 2011 Governors Awards in Hollywood, California

Buzz spurs early NYC release for Tilda Swinton movie

With Tilda Swinton having racked up Golden Globe and SAG Award nominations for her role in We Need to Talk About Kevin, distributor Oscilloscope Laboratories has pushed up the New York City release date for the psychological thriller.

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