UNITED STATES

Growth anemic, debt fight poses recession risk

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The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a stand-off over the nation's debt does not end quickly.

Wall Street falls in latest twist to debt squabble

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Stocks slid back into the red on Friday after remarks from a prominent Senate Democrat gave investors another reason to back away from stocks heading into a weekend full of uncertainty over default.
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President Barack Obama

Obama Makes Urgent Plea for Compromise on Debt Ceiling

In an eleventh hour plea for political compromise, as the Aug 2. debt ceiling deadline inches closer, President Barack Obama urged Congress to avoid a government default by finding a bipartisan solution. On Friday, he said he was ready to work with top Democrats and Republicans through the weekend to reach one.
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Pumping Iron Reduces Risk of Type 2 Diabetes

According to a new study released Thursday, pumping iron may reduce your chance of contracting type II diabetes. It's been known for some time by medical experts that reducing your body fat will reduce your chances of getting type 2 diabetes. However, the new study from UCLA now recommends that increasing your muscle mass could do more in decreasing your risk.
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Company value creation? Could do better

Long-term investors are losing patience with companies that fail to maximize value as the slowing recovery whittles away returns, with some calling for greater financial rewards for loyalty or takeovers that put growth targets back on course.
President Barack Obama

Obama Says Time Is Running Out For Debt Deal

With four days remaining until the United States hits its debt limit, President Barack Obama on Friday told deeply divided Republicans and Democrats to stop bickering and find a way "out of this mess."
U.S. President Barack Obama participates in a town hall meeting at the University of Maryland in College Park

Obama losing sleep as debt deal goes down to wire

President Barack Obama is deeply involved in trying to win a debt deal and his White House was working flat out, aides said, pushing back against any impression Congress had sidelined the administration.
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Angry Birds Developer eyes China market

Rovio- the Angry Birds maker, and Madhouse- the largest mobile advertising network in China are collaborating to make the most of the growing mobile marketing in China.
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Economic growth tepid as spending flat

The economy grew less than expected in the second quarter as consumer spending barely rose amid higher gasoline prices, and growth braked sharply in the prior quarter, a government report showed on Friday.
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Chevron profit jumps on strong oil price

Chevron Corp, the second-largest U.S. oil company, reported a 43 percent jump in quarterly profit on Friday, beating Wall Street forecasts as high oil prices and fat refinery margins offset a drop in its oil output.
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Weak growth raises worry, debt fight poses risk

The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period, leading economists to warn of recession if a stand-off over U.S. debt does not end quickly.

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