MARKETS / FINANCE

World stocks rise from 7-week low on Europe hopes

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World stocks rose from last week's 7-week low on Monday as hopes grew euro zone leaders would unveil fresh measures to resolve the two-year-old debt crisis, while caution ahead of next week's key summit kept the euro and German yields under pressure.

ECB's Noyer: Italy not weak, euro breakup out of

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Italy's economy is fundamentally sound and should be able to win back market confidence if it shows fiscal discipline, European Central Bank member Christian Noyer said on Monday, ruling out a collapse of the euro zone because of the sovereign debt crisis.
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Asian shares jump on hopes of Europe crisis action

Asian shares jumped on Monday on hopes Europe will come up with some concrete steps this week toward activating a crucial euro zone bail-out fund that is crucial to relieving funding stresses on the region's troubled economies.
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Euro bailout fund leveraging rules ready: documents

Detailed operational rules for the euro zone's bailout fund, the European Financial Stability Facility , are ready for approval by euro zone finance ministers on Tuesday, documents obtained by Reuters showed on Sunday.
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Shoppers spent more cash over Thanksgiving weekend: NRF

More people headed to stores and websites over the Thanksgiving holiday weekend, and average spending per person rose 9.1 percent as bargain-hunting shoppers scooped up discounts on everything from gadgets to hoodies, a National Retail Federation survey on Sunday showed.
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Emma Sullivan: Was Kansas Teen Right to Tweet About Gov. Brownback?

The high school senior has sparked a debate on the limits of First Amendment free speech in public schools, when a joking Twitter post landed her in the principal's office, pressured to write a dictated apology to Gov. Brownback. Sullivan's right to tweet has been backed by news sites, but as social media blurs the line between public and private, the Kansas school district may stick by its decision.
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Retailers look to keep Black Friday momentum going

U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery.

Why Are The Maltese So Fat?

The numbers for Malta are 21.1 percent for women are obese (second highest in Europe) and 24.7 percent for men (the highest for the continent).
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Black Friday online sales growth lags last year

Amazon.com Inc, eBay Inc and other e-commerce companies had a strong Black Friday, but the industry's growth rate lagged last year's surge in online buying on the traditional first day of the holiday shopping season.
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Former FBI director appointed MF Global trustee

Former FBI director Louis Freeh was appointed trustee in the MF Global bankruptcy case on Friday, days after he was hired to lead an independent probe into a sex abuse scandal at Penn State University.
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Black Friday draws crowds, but spending in doubt

Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season.
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High-frequency firm fined for trading malfunctions

Exchange operator CME Group Inc fined Infinium Capital Management, a U.S. high-frequency trading firm, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010.
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Corzine expected to testify at House hearing: source

Former MF Global Chief Executive Jon Corzine is expected to testify at a congressional hearing next month, a committee aide said on Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part.
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U.S. credit raters set back on First Amendment: judge

A federal judge has said credit ratings are not always protected opinion under the First Amendment, a defeat for credit rating agencies in a lawsuit brought by investors who lost money on mortgage-backed securities.
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S&P downgrades Belgium to AA on funding pressures

Standard & Poor's downgraded Belgium's credit rating to AA from AA-plus on Friday, saying funding and market risk pressures are raising the chances the country's financial sector will need more support.

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