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European debt crisis fears keep markets on edge

Financial markets regained some poise on Tuesday but recouped only a little ground from the battering inflicted a day earlier by fears that the euro zone debt crisis is heading for a new, more dangerous phase.

Toshiba cautious on nuclear, eyes renewables

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Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors and that it would expand sales in renewables, amid tighter safety standards in the wake of the crisis at the Fukushima Daiichi nuclear plant.
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SEC deepens probe of forex trading: report

The Securities and Exchange Commission is probing whether two major banks made proper representations to pension-fund clients about how their currency trades would be handled and priced, the Wall Street Journal reported, citing a person familiar with the matter.

Mumbai terror attack: Pakistan intelligence involved

At a trial, David Coleman Headley, the Chicago based Pakistani American who is accused of providing a front surveillance work in India in the 2008 Mumbai attacks has testified the involvement of at least one Pakistani Inter-Services intelligence directorate and a navy frogman, reported Reuters on Monday.

Karachi Attack: Military regains control

The Pakistan military finally regained control of the Naval air force after a 16-hour gunbattle with as few as six Taliban gunmen who attached the PNS Mehran base in Karachi late on Sunday.
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IBM passes Microsoft's market cap after 15 years

International Business Machines edged past old rival Microsoft Corp in market value for the first time since April 1996, marking the latest twist in the fluctuating fortunes of two of the world's most storied technology companies.

Joplin, Missouri Tornado 'The Beast' kills 116, 7 rescued so far

The EF-4 category(second strongest classification) tornado that ripped across Joplin, Missouri yesterday Sunday May 22, claimed the lives of 116 people so far and has become the deadliest to hit US terrain since 1953 when another tornado struck Flint, Michigan where 116 were killed as well.
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Dominique Strauss-Kahn Was Trying to Torpedo the Dollar

Aren't you at all curious about who's behind this lynching by media scam? This is an all-out, no-holds-barred, steel-cage, take-down. The big boys save that kind of action for the worst offenders, that is, for the insiders who have broken Omerta or wandered off the reservation. Even Bernie Madoff was allowed to stay in his $7 million Park Avenue penthouse.
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Online poker payment processor admits U.S. charges

An Illinois man admitted in federal court on Monday to helping large online poker websites dodge U.S. gambling laws by processing millions of dollars in payments from his home in Costa Rica and lying to banks about the nature of the transactions.

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