UNITED STATES

Philips surprises with 1.3 billion euro Q2 loss

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Philips on Monday made a surprise writedown on acquisitions that dragged the group to a 1.3 billion euro ($1.8 billion)second-quarter net loss, just weeks after warning on profits at two key divisions.

Gold shines on a gloomy day as risk aversion spreads

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Gold and the Swiss franc hit record highs Monday while equities and the euro tumbled as the lack of any breakthrough to the escalating debt crisis in the euro zone and the United States sapped demand for risky assets.
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Archie and Edith Bunker

‘All in the Family’ Was a Great Show, But…

In honor on the tenth anniversary of Carroll O‘Connor’s death (in June 2001), and the upcoming 89th birthday of show-creator Norman Lear, kindly allow me to list some of my (mild) grievances about “All in the Family.”
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Marching toward a precipice

Treasury bonds could soon lose the privilege of being the only debt securities in the world whose value actually rises on the threat of a ratings downgrade.
U.S. Capitol

Congress Now Working on 2 Debt Deals - 1 Big, 1 Small

Sunday's Day 8 of the debt deal talks saw both sides express confidence that a grand bargain deficit reduction package would be reached, even as a parallel camp of lawmakers worked on a last-chance option containing a more-modest reduction; however, there was little new evidence Sunday that a deal was at hand.
Women's World Cup Finals

Japan Beats US in Women’s World Cup Finals [PHOTOS]

Japan beat the US in the 2011 Women's World Cup finals during a penalty kick shootout on Sunday in Frankfurt, marking its first victory over the US during the same year as a devastating earthquake hit the nation.
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World Bank chief urges broad global trade accord

World Bank President Robert Zoellick, in remarks released Sunday, said it was time for countries to get out of their defensive positions on trade and push for a broad agreement that could help the struggling global economy.

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