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Google+ Growth Slows as SEO Gamers Surface

Having seen a 238 percent rise in U.S. visits in the week ended July 16, Google+ saw U.S. traffic fall around three percent the following week, Bloomberg reported. Meanwhile, sites offering "+1 for pay" rankings have already sprouted up, offering to help site owners game Google's rating and promotion system. Records also show that users now make fewer and shorter visits to the new social network.
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Bank trading slump to spark more job losses

Tens of thousands of European bankers are losing their jobs in a deep trading slump that has been compounded by regulatory curbs on excessive risk -- and many more will be out of work before Christmas.
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Visa credit cards are displayed in Washington

Visa's New Participation Fee: Analysts View

Visa Inc. (NYSE: V) will implement a new fixed acquirer fee called the "Network Participation Fee" that will apply to both credit and debit cards, in order to help the company win routing business and maintain debit volumes.
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Exxon profit up 41 percent, misses Street

Exxon Mobil Corp, the world's largest publicly traded oil company, reported a higher quarterly profit that missed Wall Street estimates as its international refining business and output fell short.
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Jobless claims fall below 400,000

The number of Americans claiming new unemployment benefits last week dropped below the 400,000 level for the first time since early April, a hopeful sign for the economy which has struggled to regain momentum.
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Snapshot: What to expect Thursday in debt crisis

Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default:
Republican debt plan faces close vote in Congress

Republican debt plan faces close vote in Congress

A bill to cut the deficit faced a nail-bitingly close vote in Congress on Thursday as the top Republican lawmaker sought to quell an internal revolt and push his plan to avoid a ruinous default.
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TSX plunges to July low on U.S. debt deadlock

Toronto's main stock index plunged more than 2 percent on Wednesday to its lowest point this month as weak U.S. data and a looming deadline for raising the U.S. debt ceiling sent investors searching for safety.
Financial Crisis: U.S. Debt Ceiling in Pictures

With No Deal Yet, Markets Brace for U.S. Default

There's no way to sugarcoat it: financial markets have started to react to the possibility that the U.S. Government might default. Democrats and Republicans in Washington appear to be no closer to a debt deal Thursday than they were last week -- and a damaging default is now staring the nation -- and global markets -- in the face.
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Futures gain ahead of vote to cut deficit

Stock index futures rose on Thursday after Wall Street suffered its worst day in eight weeks, but the session was predicted to be volatile ahead of a key vote later in the day on a bill to cut the U.S. deficit.
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Colgate, Avon grow despite North American slump

Colgate-Palmolive Co and Avon Products Inc showed on Thursday that a big international presence is key, as growth in Latin America, the largest market for both U.S. companies, offset slumps at home.
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Futures rebound ahead of vote to cut deficit

Stock index futures rose slightly on Thursday after Wall Street suffered its worst day in eight weeks, but the session was predicted to be volatile ahead of a key vote later in the day on a bill to cut the U.S. deficit.
An abandoned and dilapidated home, one of 32 abandoned properties in the neighborhood listed on the auction block during the Wayne County tax foreclosures auction of almost 9,000 properties is seen in Detroit, Michigan, October 21, 2009.

Facing criticism, MERS cuts role in foreclosures

MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.
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Stocks set for bounce; debt ceiling in focus

Wall Street was set to edge higher at Thursday's open in a bounce from steep falls in the previous session, as U.S. politicians struggle to come to an agreement over the debt ceiling days before the deadline to avoid default.

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