UNITED STATES

Stocks flat on retail weakness

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Stocks were little changed on Thursday, a day after suffering their biggest losses in nearly a year, as a slight improvement in weekly jobless claims failed to impress and chain-store sales were lackluster.
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Stocks set to rebound slightly at open

U.S. stocks were set for a slightly higher open on Thursday, a day after suffering its biggest losses in nearly a year, as data showed a fall in weekly jobless claims, although short of expectations.
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Picky shoppers lead to mixed May for retailers

A handful of retailers beat analysts' sales expectations for May, winning with strong selections of goods or drawing in shoppers looking for deals as high gasoline prices and a sluggish economy tempered demand.

Is Naomi Campbell 'chocolate' ad really racist?

Naomi Campbell is reportedly planning to take Cadbury to court for their chocolate commercial that compared the ramp diva to chocolate. She reacted fiercely to the commercial saying that, It's upsetting to be described as chocolate, not just for me, but for all black women and black people. It is insulting and hurtful. The ad features a picture of Cadbury's new chocolate bar, Bliss, underneath the caption, Move over Naomi, there's a new diva in town.
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China rejects Gmail hack attack allegations

China has rejected allegations of involvement in a cyber attack that originated from the city of Jinan that selectively targeted key government officials in the U.S. and its allies.
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Citi shuts down $400 million proprietary hedge fund: report

Citigroup Inc shut down a $400 million hedge fund that used the bank's money and mathematical models to bet on stocks, in the wake of new regulations aimed at stopping proprietary trading, Bloomberg reported, citing a person familiar with the matter.
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US stocks slump on weak economic data

U.S. stocks slumped on Wednesday, marking the biggest decline since August, as weaker-than-expected reports on ADP private sector employment and ISM manufacturing raised concerns about the current economic soft patch.
Medical marijuana plants are pictured as they dry in the Los Angeles area June 1, 2010.

Wal-Mart of Weed: Marijuana market to flourish in US as legal control weakens

It is good times ahead for medical marijuana business in the US. Authorities are loosening the legal noose around marijuana growing in Arizona, Detroit, and Los Angeles which will see super stores selling weed for relieving illnesses. As it turns out the ‘Wal-Mart of Weed’ or ‘Home DePot’ opened in Arizona on Wednesday in a 21,000-square-foot store. The store promoted by weGrow will sell around 2,000 products, including soil, grow lights and irrigation trays, designed for easy growing of mariju...

Pakistan gets deadline from US for military operation: report

The U.S. has given Pakistan a deadline to launch a military offensive operation in the tribal area of North Waziristan to arrest five most wanted criminals, either independently or in a joint military action with NATO till July, a report in the Newsreporter stated.

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