UNITED STATES

Occupy Protesters Shut Down Port of Oakland

Demonstrators converge on the Port of Oakland, California, during a general strike called by the Occupy Oakland movement
Protesters shut down operations at Oakland's port and blocked traffic Wednesday in demonstrations against economic inequality and police brutality that were marred by scattered vandalism.

Prescription Painkiller Overdoses Cost Insurers $72.5 Billion Yearly: CDC

Insurers Bear U.S. $72.5 Billion Yearly For  Prescription Painkiller Overdoses: CDC
Nearly 15,000 people in the U.S. die from overdoses involving prescription painkillers annually. The new report by the Centers For Disease Control and Prevention (CDC) noted that the trend has reached epidemic proportions but could be controlled. The extent of the damage is that non-medical use of prescription painkillers costs health insurers up to $72.5 billion annually in direct health care costs.
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Yahoo eyes minority stake sale, recap: sources

Yahoo Inc is contemplating the sale of a minority stake to a private equity firm followed by a large share repurchase, in a bid to buy time to turn around the Internet company, people familiar with the matter said.
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News Corp focuses on cable profits, not hacking

News Corp tried to focus attention on its strong quarterly business performance on Wednesday and away from the ongoing fallout from the phone-hacking scandal at its UK newspaper unit, which has rocked the company since it erupted in July.
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UK says governments' Internet power grab will fail

Attempts by China, Russia and others to gain more control over the Internet are doomed to failure, Britain said on Wednesday, after hosting a major conference on cyberspace that it said sent a clear signal to authoritarian governments.
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California High-Speed Rail Cost Estimate Soars

The latest business plan for California's proposed bullet-train system puts its cost estimate at nearly $100 billion, more than twice a previous estimate and a stunning amount of money for lawmakers who must decide whether to move forward with the project.
Prescription Drugs

Pradaxa Safe, Manufacturer Says

German drug maker Boehringer Ingelheim is defending its blood-thinner Pradaxa in the wake of reports that as many as 50 people have died because of the drug. Any blood thinning medication is potentially dangerous, but Pradaxa is under incresed scrutiny for several reasons.
Singer Justin Timberlake looks up at a video screen recalling his past performance at the Super Bowl half-time show as he hosts the 2008 ESPY Awards in Los Angeles

CBS Wins Janet Jackson Wardrobe Malfunction Ruling

A U.S. appeals court on Wednesday threw out a federal agency's decision to fine CBS Corp television stations $550,000 for airing singer Janet Jackson's wardrobe malfunction during the 2004 Super Bowl broadcast.
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Fed lowers GDP forecast, mulls more action

The Federal Reserve on Wednesday slashed its forecast for growth, raised projections for unemployment and said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery.
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News Corp profit beats because of cable fees

News Corp reported a better-than-expected quarterly profit because of cable television and Fox broadcast network fees, even as the family-controlled company grapples with questions of who will lead it once Rupert Murdoch steps aside.

In God We Trust: Why a Resolution Now?

In God We Trust was officially reaffirmed as the official national motto of the United States on Wednesday by the House of Representatives. Why did the Republicans bring this vote up now, and was it a good idea?
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Private sector adds jobs, slow growth seen

Private employers added more jobs than expected last month, though the lack of robust labor market growth reinforced the Federal Reserve's view that economic progress will likely be frustratingly slow.
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Wall Street on edge over Greece but Bernanke soothes

Stocks rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.

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