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Fed's Evans says no need to alter easy money policy yet

The U.S. economy is on a firmer footing after a deep and lengthy recession, but still-high unemployment is keeping inflation under wraps and continues to warrant ongoing support from the Federal Reserve's ultra-easy money policy, a top Fed official said on Thursday.

Online ad growth sparks rush for Yandex IPO

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Russia's Yandex is set to complete the biggest internet IPO since Google, as investors wary of much-hyped social networks look instead for exposure to the fast-growing online advertising market.

Syria denounces US sanctions

The Syrian regime of President Bashar al-Assad has condemned sanctions imposed on the country by the President of the United States, according to Syrian state media, SANA.
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Cornel West Calls Obama 'Black Mascot,' 'Black Puppet'

Cornel West, the Princeton Professor who strongly supported President Barack Obama on the campaign trail in 2008, has already previously expressed his disillusionment with what he says is the Obama administration's neglect of the poor and working class people in the United States while supporting the leaders of the nation's financial system.
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Alcatel CEO looks to future growth

Chief Executive Ben Verwaayen is preparing the next stage of telecom equipment maker Alcatel-Lucent's development armed with a refreshed product portfolio and a slimmer cost structure.
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Angry Birds, the next Mickey Mouse?

Mikael Hed is unrepentant about the 200 million minutes per day that people around the world fritter away playing Angry Birds, the iPhone game created by the company he heads.
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LinkedIn IPO: Will It Drop Like Chinese IPOs?

LinkedIn’s IPO is priced at $45, which already gave it an incredible price-to-earnings ratio of 260. In the first day of trading, its shares more than doubled to $107 (at 11:53 a.m. ET), which takes the price-to-earnings ratio to more than 600.
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The first ever inside view of Area 51, US military’s well-kept secret

Annie Jacobsen’s new book, AREA 51: An Uncensored History of America’s Top Secret Military Base, for the first time, has revealed the history of America’s top secret military base. The book has interviews with scientists, engineers and pilots who have exposed what really happened in the Nevada desert.
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Jobless claims fall, regional manufacturing slows

The number of Americans filing new claims for jobless benefits fell last week, but other data on home sales and regional factory activity suggested the economy remained on a moderate growth path.

Strauss-Khan Used NY Escort Service: Madam

Dominique Strauss-Kahn, the disgraced former chief of the International Monetary Fund (IMF) now facing sexual assault charges, was a frequent customer of a notorious Manhattan escort service, according to reports.
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HSBC says cost cuts to come from outside Asia

HSBC Holdings Plc , Europe's biggest bank, will find most of the $3.5 billion it wants to save by trimming staff and cutting less profitable operations outside of Asia, its chief executive said on Thursday.

Rare Color photos from Depression Era, Part 2

These vivid color photos from the Great Depression and World War II capture an era generally seen only in black-and-white. Photographers working for the United States Farm Security Administration (FSA) and later the Office of War Information (OWI) created the images between 1939 and 1944.

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