UNITED STATES

Fannie, Freddie cut lenders' risk in refinance program

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Fannie Mae and Freddie Mac , the largest sources of U.S. housing finance, both said on Tuesday they would relieve lenders from certain risks associated with refinanced loans in an effort to help a government program reach more distressed homeowners.

Occupy Wall Street Showdown with NYPD at Zuccotti Cools as Night Falls

OWS Arrest
A high-tension standoff between the protesters and police dragged on for hours, leading to arrests and violence against protesters. Cops tried to keep sidewalks around Zuccotti clear and the park itself was filled with dozens of police officers as well. At its peak, the showdown was between thousands of protesters and hundreds of police officers, many of whom were in riot gear.
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Descendants: uproarious comedy about grief and loss

In the same way that aloha can be used for either hello or goodbye, the Hawaii-set The Descendants contains its own contradictions -- it's an uproarious comedy about grief and loss, and a reminder that hell can exist quite comfortably in paradise.
UFC

UFC Sues NY State for Right to Fight

The Ultimate Fighting Championship (UFC) has upped its game against New York State as it enters the final stages of a four-year contest with a new lawsuit aiming to overturn the 1997 state ban on live professional mixed martial arts.
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Occupy Wall Street Protest Faces Defining Moment

From the front lines of the Occupy Wall Street protest on the day New York evicted participants from their encampment in Lower Manhattan's Zuccotti Park, it became clear that the effort which may or may not be a movement is at a defining moment.
Pulse

Amazon Kindle Fire Comes With News 'Pulse'

Amazon's new kindle Fire may feature thousands of apps but the news aggregation app, Pulse, will be the only pre-loaded app to come straight out of the box, Amazon has announced.
Gold pellets being poured

Gold Trades Flat After Recouping Early Loss

Gold traded flat on Tuesday, recouping initial losses, fueled by worries over a euro zone economic slowdown and fears that France could be sucked into its spiraling debt crisis.
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BofA learned a lesson from debit card fury: CEO

Bank of America Corp learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.
A screenshot of Trap.it, a dynamic Web site that delivers personalized content from the Web.

Meet Trapit: Siri’s Sibling for Search and Discovery

Trapit, birthed out of the same program that delivered Apple's intelligent assistant Siri, officially launched its public beta Tuesday. The company hopes to revolutionize how people search and discover content on the Web.
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Regulator eyes gradual curb on Fannie, Freddie pay

The regulator for Fannie Mae and Freddie Mac on Tuesday tried to parry congressional critics of million-dollar pay packages for executives at the government-owned mortgage firms, saying he would seek to push compensation lower over time.
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Home Depot outshines Lowe's again; ups outlook

Home Depot Inc raised its fiscal-year outlook for the third time in six months as a host of efforts to improve distribution and boost customer service helped the No. 1 home improvement chain gain share from archrival Lowe's Cos Inc .
Cops OWS

Occupy Wall Street Protest Crackdowns: Were They Coordinated Nationwide?

The numerous crackdowns on Occupy Wall Street protests from coast to coast have many wondering if the moves by several U.S. cities were coordinated. A BBC interview with Oakland Mayor Jean Quan has added to speculation that U.S. mayors worked together in organizing against the two-month old movement.

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