MARKETS / FINANCE

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Cold War tactics against Germany's Left under scrutiny

In case there was any doubt about the ideology of Germany's Left Party, its leaders have brought out a cookbook that includes such favourites as anti-Atomic waffles and Soljanka, a feisty Russian soup that was popular in communist East Germany.

Lloyds delays turnaround goal after huge loss

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Lloyds pushed back a key target of its turnaround plan as the part state-owned British bank posted a 3.5 billion pound ($5.5 billion) annual loss and said a tough economic outlook would hit revenues and income this year.
India 2012/13 gold imports may fall 35 pct-gov panel

India Gold Traders Stay Away from New Deals

Gold traders in India, the world's biggest buyer of bullion, were reluctant to enter the market on Friday as the prices remained elevated, though off their 10 week highs.
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White House privacy push seeks cooperation

The White House proposed on Thursday a privacy bill of rights that would give consumers more control over their data but relies heavily for now on voluntary commitments by Internet companies like Google Inc and Facebook.
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Sears quells liquidity, not retail, fears

Sears Holdings Corp plans to raise about $770 million spinning off a business of about 1,250 stores and selling some prime real estate, hoping to convince Wall Street that the struggling chain has enough assets to tap to pay down debt.
Gadhafi's body, reported by al Jazeera

Why Does America Hate Al Jazeera?

On Thursday Al Jazeera was named as News Channel of the Year at the Royal Television Society Awards. But despite its numerous plaudits and fans the Qatar-based network has virtually no presence in the U.S.
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Jobless claims hold steady at 4-year low

The number of Americans filing new claims for jobless benefits last week held at the lowest level since the early days of the 2007-2009 recession, signaling that the battered labor market is healing.
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Wall St rises, nearing 4-year highs

Wall Street stocks rose on Thursday after data showed the U.S. labor market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers.
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Insight: Bankers escape big penalties in FDIC failed bank cases

Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.
The World Gold Council remains constructive on gold prices despite diminished chances of QE3

Alamos Gold's 4Q up 16% on Higher Prices

Canadian miner Alamos Gold reported a 16 percent rise in fourth-quarter profit, helped mainly by robust gold prices, and raised its semi-annual dividend by 43 percent.
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Wall Street gains on jobless claims, HP weighs

Stocks ticked higher on Thursday after a labor market report indicated the economy was slowly recovering, but the data wasn't enough for the S&P 500 to significantly extend recent gains.
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Angie's List jumps on strong growth in paid subscribers

Shares of Angie's List Inc, which provides consumer reviews of local professionals and businesses, rose as much as 22 percent Thursday, after the company reported a surge in paid memberships and forecast first-quarter revenue above estimates.
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Wall St gains on jobless claims, HP weighs

U.S. stocks ticked higher on Thursday after a labor market report indicated the economy was slowly recovering, but the data wasn't enough for the S&P 500 to significantly extend recent gains.
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White House issues plan to protect online privacy

The White House on Thursday proposed a bill of rights that would give consumers greater online privacy protection and could eventually give the government greater powers to police Internet firms such as Google Inc and Facebook.
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ECB's Draghi says euro zone recovering slowly

The euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying.
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Greece sets stage for Friday bond swap

Greece took its first step towards reaping urgently needed funds agreed in a 130-billion-euro rescue package on Thursday as its parliament endorsed a bond swap for private holders of its debt.
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EU executive wants bigger rescue fund

The European Commission wants euro zone leaders to overcome German objections and back a bigger rescue fund to nudge the IMF into helping troubled European economies, the EU's top economic official said on Thursday.
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European bank bonus cuts mask basic pay hikes

European banks could face more pressure from regulators and politicians worried that big cuts in bonuses have barely dented a high-pay culture sustained by massive hikes in base salaries.
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Jobless data unable to push S&P past resistance

Stocks were little changed on Thursday as a labor market report indicating the economy was slowly recovering was not enough to push equities past a stiff technical level after a strong start to the year.
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White House unveils plan to protect online privacy

The White House on Thursday proposed a bill of rights that would give consumers greater online privacy protection and could eventually give the government greater powers to police Internet firms such as Google Inc and Facebook.

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