UNITED STATES

Discover beats forecasts, profit more than doubles

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Discover Financial Services said quarterly profit more than doubled, beating expectations, as customers spent more on their credit cards and the company started to reap the benefits of its expansion beyond credit card lending.
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NYSE, D.Boerse to pay dividends, end investor suits

NYSE Euronext and Deutsche Boerse AG agreed to pay roughly $900 million of dividends to settle U.S. shareholder lawsuits challenging their roughly $10 billion merger to create the world's largest exchange operator.
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Wall Street down but off lows on Greek deal

Stocks pared losses on Thursday, with the Nasdaq turning positive, after sources said Greece had won the consent of inspectors from the European Union and International Monetary Fund for a new five-year austerity plan.
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Harry Potter ebooks are on the way, but no sequel

The seven Harry Potter novels will be available as ebooks in October, author J.K. Rowling said on Thursday at the launch of a new interactive online website that will allow readers to navigate through the wizard stories.
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Yahoo chairman voices support for CEO Bartz

The chairman of Yahoo Inc voiced support for Chief Executive Carol Bartz, who has become a lightning rod for criticism as the company struggles with stagnant revenue growth and a rift with its Chinese partner.
U.S. Capitol

Cantor, Kyl Quit Deficit Reduction Talks, Increasing Risk of U.S. Default

A year ago, it seemed implausible, perhaps absurd, to think the U.S.'s two, major parties, the Democratic Party and the Republican Party, would disagree so much that the United States would be at risk of defaulting on its bonds, due to a failure to raise the debt ceiling before the U.S. Government runs out of money in August. Now, incredibly, it appears a U.S. default is possible.
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Wall Street off lows, Nasdaq flat

U.S. stocks pared some of their losses and the Nasdaq Composite briefly turned positive on Thursday, boosted by a spike in shares of Apple Inc .

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