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A demonstrator holds placards to protest U.S. debt in front of the Capitol in Washington July 18, 2011. REUTERS/Kevin Lamarque

Disapproval of Congress hits new high: poll

Disapproval of Congress rose to an all-time high after weeks of rancorous partisan battles over raising the U.S. debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Thursday.

Buyers ditch usual optimism after Wall Street mauled

A Trader works on the floor of the New York Stock Exchange
After the terrible rout in markets on Thursday investors spoke of holding fast and even poking around for buying opportunities, but that's hard when the market is likely facing another weak U.S. jobs report on Friday.
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Payrolls awaited as markets fear recession

Jobs data on Friday could prove a make-or-break moment for global financial markets increasingly alarmed that the world's largest economy could skid into a fresh recession.
Actor and comedian Jerry Lewis speaks during the encore session for ''The Method to the Madness of Jerry Lewis'' at the 2011 Summer Television Critics Association Cable Press Tour in Beverly Hills, California

Jerry Lewis will not appear in telethon this year

Jerry Lewis will not appear in the annual muscular dystrophy telethon that he has hosted since 1966, despite earlier plans for him to sing a swan song, the organization behind the event said Wednesday.
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Key quotes from Japan policymakers on yen, economy

Japanese Finance Minister Yoshihiko Noda on Friday repeated that he was closely watching yen moves, signalling Tokyo's readiness to continue with its yen-weakening intervention that media said reached a record 4 trillion yen ($50.6 billion).
Tropical Storm Emily

Emily breaks up over Haiti, still threatens rains

Tropical Storm Emily broke apart over the mountains of Haiti and Dominican Republic on Thursday but its remnants still packed rains threatening flash floods and mudslides in the neighboring Caribbean countries.
U.S. Debt Ceiling

Senate Leaders Reach Deal to Resolve FAA Shutdown

There is an extension to allow the FAA to tap available funds in a federal trust account funded by ticket taxes to cover some of the agency's costs. The temporary extensions aim to bridge the gap to a long-delayed bill still being negotiated on long-term FAA budgeting and aviation priorities.
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Priceline profit higher as bookings jump

Online travel agency Priceline.com on Thursday posted a higher quarterly profit that topped analysts' expectations as strong growth at its overseas markets boosted bookings.
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Fluor profit beats estimates, shares rise

Fluor Corp (FLR.N), the largest publicly traded U.S. engineering company, posted unexpected second-quarter profit growth and said its backlog of work surged to a new record, lifting its stock by 7 percent.
Traders work on the floor of the New York Stock Exchange

Dow Declines 512 Points, Zaps Investor Confidence

Fears of a new recession caused the stock market to take a deep plunge on Thursday making it the worst day since the financial crisis in 2008. The Dow Jones industrial average declined 512.76 points, or 4.13 percent, closing at 11, 383.68.
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Brazil auto market picks up again in July

Automobile production in Brazil rose 3.9 percent BRAOPM=ECI and sales increased 0.6 percent BRASLM=ECI in July from June, the national automakers' association said on Thursday.
CNN host Piers Morgan

UK lawmakers pressure Piers Morgan on hacking claims

British lawmakers called on Thursday for CNN talk show host and former tabloid editor Piers Morgan to return to his native Britain to answer questions about phone-hacking after allegations made by the ex-wife of former Beatle Paul McCartney.
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Total Fear in Market Since 2008 Recession

Investors fled Wall Street in the worst stock-market selloff since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction.The Dow and the S&P tumbled more than 4 percent on Thursday and the Nasdaq lost 5 percent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its largest economies.

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