UNITED STATES

Futures fall after new warnings on Europe

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U.S. stock index futures fell on Wednesday as policymakers warned Europe's debt crisis posed dangers to the global economy and on growing signs the contagion was starting to spread to larger European nations.

Is It Time for a Better U.S. Banking System?

U.S. Banking Sector
With a banking sector that seemingly cycles from reticence to lend, lending at prohibitive interest rates, and outright banker-to-banker mistrust (the latest round of which is being driven by renewed concern about Italy's debt), is today's U.S. banking sector where Framer/Founding Father Alexander Hamilton wanted it to be?
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A trader works on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Early Gains

Stock index futures pointed to a higher open on Wall Street Wednesday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.4 percent at 1007 GMT.
Barack Obama Australia vist

Obama, in Australia, Announces Basing of Marines in Darwin

President Barack Obama and Australian Prime Minister Julia Gillard Wednesday unveiled plans for a deepening of the U.S. military presence in the Asia-Pacific, starting with thousands of U.S. Marines operating out of a de facto military base in the Australian port of Darwin.
Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Preparing Legal Action Against Execs: Documents

Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal engulfing the firm, according to an internal staff email.
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China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
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China FDI remains strong, export outlook darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
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U.S. reserves right to meet cyber attack with force

The United States reserves the right to retaliate with military force against a cyber attack and is working to sharpen its ability to track down the source of any breach, the Pentagon said in a report made public on Tuesday.
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Citigroup May Cut up to 3,000 Jobs: Report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.
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Citigroup could cut up to 3,000 jobs: report

Citigroup In c is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.
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Herman Cain Has an 'Oops' Moment on Libya (Video)

Herman Cain, the Republican Presidential runner, had another 'oops' moment. This time he was interviewed by the Milwaukee Journal-Sentinel and was asked, “So you agreed with President Obama on Libya, or not?”
Drake finds new groove on "Take Care"

Drake finds new groove on Take Care

The 25-year-old rapper-singer, born Aubrey Drake Graham in Toronto, Canada rose to stardom under the tutelage of rapper Lil Wayne, who signed Drake to his Young Money record label in 2009, and Take Care tells of his rocket ride to rap stardom.
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Mike Krzyzewski Sets NCAA Wins Record

Duke coach Mike Krzyzeski became college basketball's winningest coach of all-time after his Blue Devils defeated Michigan State, 74-69, on Tuesday night.

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