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Stocks flat as Libya turmoil continues

U.S. stocks were flat on Tuesday as continued turmoil in Libya indicated a quick resolution to the unrest in that country was not on the horizon and a drop in oil prices failed to ease investor worry about the economic recovery.

McDonald's February sales up worldwide

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McDonald's Corp said global sales at established restaurants in February rose 3.9 percent, as strong sales in Europe helped offset a U.S. market that was hit by high unemployment and rising gasoline prices.
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World Market Overview 08/03/2011

U.S. stocks ended lower on Monday, led by declines from technology shares after Wells Fargo downgraded the semiconductors sector.
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Oil drops after early rally and Brent premium unwinds

Brent crude oil prices fell more than 1 percent on Monday, reversing steep early gains as traders assessed efforts to stem the conflict in Libya and took profits in Brent's unprecedented premium to U.S. futures.
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Judge halts damages enforcement against Chevron

A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution.
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U.S. judge halts damages enforcement against Chevron

A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorian plaintiffs in a long-running dispute over Amazon rain forest pollution.
Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani and U.A.E. Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan

Persian Gulf states support no-fly zone over Libya

The six Persian Gulf states have expressed their support for the establishment of a no-fly zone over Libya, while the U.S., U.K. and France try to hammer out an agreement with the United Nations for just such a measure.
Sarah Palin

Sarah Palin to visit India later this month

Sarah Palin’s planned trip to India this month raises speculation that it might be in preparation for her 2012 Presidential campaign (i.e., as a way to enhance her foreign policy credibility in the world’s most populous democracy).

There Are No Good Outcomes in The Oil Game

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.

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