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Fitch sees risk of Greece, U.S. debt defaults

Fitch Ratings said on Tuesday that it would regard a voluntary rollover of Greece's sovereign bond maturities as a default and would cut the credit rating appropriately, keeping pressure on Athens ahead of a confidence vote in parliament.
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Korean Air announced to buy Bombardier's Cseries aircraft.

Korean Air announced Tuesday at the Paris Air Show, to buy Bombardier's C series aircraft, the value of the order is valued at US$616-million based on list price, but could swell upto US$1-billion if all the orders comes to a definitive.
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Walgreen deal with PBM to end, shares down

Drugstore chain operator Walgreen Co said it was unable to renew an important contract with a major pharmacy benefits manager and faces continued pressure from government reimbursement policies, sending its shares down nearly 4 percent in premarket trading.
FDA releases new labels you are about to see on cigarette packs

FDA new labels you are about to see on your cigarette packs

The nine graphic health warnings that will appear on every pack of cigarettes sold in the U.S and in every cigarette advertisement beginning in September 2012 were released by HHS Secretary Sebelius and FDA Commissioner Hamburg on Tuesday.
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Stock futures higher on hopes of Greece solution

Stock index futures rose on Tuesday as expectations grew that a solution will be found for Greece to avoid a default and a short-term contagion risk to other euro zone countries could be contained.
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Stock index futures signal gains for Wall Street

Stock index futures pointed to a strong open for Wall Street on Tuesday, adding to gains from the previous session, as expectations grew that a solution would be found for Greece to avoid a default.
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World stocks off 3-week low, focus on Greece

World stocks and the euro rose from last week's three-week lows on Tuesday as expectations that the euro zone will avoid a messy default of Greek sovereign debt attracted investors back into risky assets.
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Chinese banks falter as slowdown, tightening bite

Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.
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India IT hub orders Google to suspend Street View service

Google Inc has been ordered by city police to suspend its Street View service in the Indian IT hub of Bangalore, the company said on Tuesday, in the latest setback to its global mapping project that has been hit by privacy fears.
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Euro up slightly, Greek confidence vote awaited

The euro inched up in choppy trading on Tuesday on hopes that squabbling policymakers will come up with a solution to avoid a debt default by Greece, sentiment that also buoyed Asian shares.

Apple sued in India over iPhone

Apple has come under the scanner of Competition Commission of India (CCI) following a complaint filed by an user against the company for following anti-competitive practices in selling its products and for abusing its dominant position in the market.

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