UNITED STATES

Japan repeats warning on yen rise as calls for action grow

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Japanese Finance Minister Yoshihiko Noda kept up his warning to markets against pushing up the yen too much, saying that he was aware of demands from the business sector for authorities to act against yen rises that hurt the export-reliant economy.

Asia shares up, investors calm on US debt deadlock

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Asian shares edged higher on Tuesday, bouncing back from a slide the previous day, after U.S. stocks posted only modest losses in reaction to the worsening deadlock in Washington over raising the debt limit and avoiding a technical bond default.
President Barack Obama

Obama: 'Balanced Approach' Is Best Debt Deal

President Barack Obama, in an address to the nation Monday night, reiterated the need for a "balanced approach" to deficit reduction -- one that includes both substantial budget cuts and revenue increases, and he warned that if the debt ceiling is not raised, it would trigger a "deep economic crisis."
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Head of U.S. cyber agency resigns suddenly

The head of a U.S. agency that helps respond to cyber attacks resigned suddenly after several high-profile attacks on government computer systems but the Department of Homeland Security declined Monday to comment on the reason.
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Rival debt plans pushed as deadline looms

Top lawmakers rolled out dueling debt plans on Monday that offered little prospect for compromise, increasing the threat of a ratings downgrade and national default, as President Barack Obama prepared to address Americans on the impasse.
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Swiss franc hit all-time high vs USD

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.
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TI forecasts modest third quarter

Texas Instruments Inc gave a lukewarm outlook for the current quarter, suggesting that back-to-school sales of computers and other consumer electronics would be weaker than normal.
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NFL saves billions by rescuing season

Nothing draws U.S. television viewers like American football, so the labor agreement reached between National Football League (NFL) players and owners on Monday was a win for everyone, market experts said.
Former Alaska governor Sarah Palin greets supporters as she arrives for the premiere of a documentary about her entitled "The Undefeated" in Pella, Iowa

2012 Presidential Run: Tough Way Waiting for Sarah Palin

Sarah Palin is trending, whether it is glamor, charm or anything that gains grounds in today's world. But it will not undermine her candidacy for a presidential run in the United States, as long as her attitude and intent to work in the best interests of the people are kept intact.
A Netflix disk envelope is displayed in Encinitas

Netflix shares down after subscriber outlook

Netflix Inc, the top video rental company, reported second-quarter revenue that fell short of expectations and cautioned that subscriber growth would slow in the third quarter, sending shares down about 9 percent.
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Obama: Spending cuts alone not answer on deficit

President Barack Obama, taking a combative tone in a standoff with congressional Republicans over the U.S. debt, said the country cannot deal with its budget problems through spending cuts alone.
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U.S. airlines raise fares to scoop up tax lapse

Many U.S. airlines raised fares in recent days to take advantage of a drop-off in U.S. ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.
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Automakers gun for healthcare savings in UAW talks

Worried about its rising healthcare costs, General Motors Co tried several years ago to buy a bar adjacent to its Janesville, Wisconsin assembly plant so it could eliminate a source of junk food and alcohol.

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