UNITED STATES

Goldman sells $479 million worth of ICBC shares for client

China to cut bank loans to local govts-regulator
Goldman Sachs International sold HK$3.73 billion ($478.7 million) worth of shares in Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, in what it said was a transaction to help a client hedge its position in the bank.
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Body of missing New Hampshire girl found in river

Divers pulled the body of a missing 11-year-old girl, Celina Cass, from the Connecticut River on Monday not far from her New Hampshire home, and her death was being investigated as suspicious, authorities said.
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Debt fight nears end; downgrade threat remains

Congress was poised on Tuesday to grant final approval to a deficit-cutting package that will avert a debt default but may not be enough to prevent a damaging downgrade of the top-notch American credit rating.
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Top Senate Republican key figure in debt deal

Senate Republican Leader Mitch McConnell displayed his skills as a dealmaker to avert an unprecedented debt default that could have blown a hole in the U.S. economy and stung his party in next year's elections.
At Issue: U.S. Debt Deal

Debt Deal: Can ?Super Committee? Find $1.5 Trillion in Cuts?

Politicians and lobbyists exhausted from a bruising and tortuous debate over a debt deal are already turning their attention to a dozen-member Congressional "super committee" that will be responsible for laying out some $1.5 trillion in cuts. Will they be able to find them?
Financial Crisis: U.S. Debt Ceiling in Pictures

Gabrielle Giffords returns for debt vote

Representative Gabrielle Giffords returned to the U.S. House on Monday night for the first time since an assassination attempt, drawing thunderous applause in a rare moment of unity during a contentious vote to raise the U.S. debt ceiling.
Molson Coors struck a deal to buy StarBev, a leading Eastern European brewer, in a bid to expand to that region

Economy Bad Enough that People Are Buying Less Beer?

In the tough economy, people are buying less Coors beer. Molson Coors Brewing Co. said Tuesday weak sales hurt quarterly profits, citing weak economic conditions, sentiment that was underscored hours later when the U.S. Commerce Department released figures show consumer gains combined with rising fuel costs prompted Americans to pinch dollars more tightly -- and beer was apparently one of the items cut.
An iPhone is seen at the Apple store in New York

iPhone 5 Release Could Delay But As a 'Better Upgrade Than Expected,' Says Analyst

The pre-sale hype of rumors around iPhone 5 has gained some extension now that one report has claimed that Apple's next-generation iPhone will be released in October, not September.Hold your breath a little more - the iPhone 5 will be worth the prolonged wait, because the upgrade is now said to be more significant than expected.
At Issue: U.S. Immigration Policy

Obama Administration Sues Alabama Over Immigration Law

In an increasingly familiar pattern of the federal government challenging tough new state immigration laws, the U.S. Justice Department filed a lawsuit on Monday in an effort to halt an Alabama measure that has been described as the toughest in the nation.
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Toyota cautious after quake drags first-quarter to loss

Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals.

Microsoft Plans to Make a 'Bing' for the Buck, Google Still Dominant

Not only is the Web-search giant Google at odds with Apple, Microsoft's assault on Google in Internet search and search advertising through their own search engine 'Bing' serves as another attack on the home front and as competitive challenges in the technology industry grow.
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Debt battle set to draw to close, for now

The United States is poised to step back from the brink of economic disaster on Tuesday when a bitterly fought deal to cut the budget deficit is expected to clear its final hurdles.
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Japan primes markets for FX intervention

Japan primed financial markets on Tuesday for currency intervention after the yen tested record highs, signaling it may try to tame the unit with a combination of yen-selling and monetary easing.

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