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US-lawmaker resigns over racy photo scandal

A married New York congressman accused of sending a shirtless photo of him and flirty messages to a woman has abruptly resigned from his seat on Wednesday.

Congressman quits after web flirting scandal, shirtless photo

Rep. Chris Lee, R-NY, has resigned, saying he regretted the harm that my actions caused his family, staff and constituents, on the same day that an online publication published a story alleging he corresponded with a woman who posted a personal ad on Craigslist, sending a shirtless photo of himself.

Life imitates art: Sopranos actor sent to jail for mob-related extortion

Anthony Borgese, who uses the stage name Tony Darrow, pled guilty in Brooklyn federal court to one count of participating in an extortion conspiracy to collect a debt.

Prime Minister of Denmark Lars Rasmussen bangs the gavel with NYSE Euronext CEO Duncan Niederauer at the New York Stock Exchange

NYSE Euronext and Deutsche Borse in talks to merge

The New York Stock Exchange (which also owns Euronext) and Germany’s Deutsche Borse have said they are in advanced talks to merge in a transaction that would result in the biggest stock exchange in the world valued at $24-billion.

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Job openings dip in December, but layoffs decline

U.S. job openings slipped in December, a government report showed on Tuesday, but a decline in layoffs supported views of a gradual labor market recovery. Job openings, a measure of labor demand, eased 139,000 to a seasonally adjusted 3.1 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey.

File photo of Britain's Prince William and his fiancee Kate Middleton.

Kate Middleton deemed top fashion buzzword

Prince William's bride-to-be, Kate Middleton, has de-throned Lady Gaga as the top fashion buzzword for the fashion season that starts in New York on Feb 10, according to a survey released on Tuesday.

Early market gainers on Feb. 9 (PLAB, DSW, ATML, RVI, BECN, BGC, BGC, RL, DIS)

The companies whose shares are gaining in early session on Wednesday are: Photronics, DSW, Atmel, Retail Ventures, Beacon Roofing, General Cable, Polo Ralph Lauren and Walt Disney.

Gold holds near 3-week highs, China inflation eyed

Gold held close to the previous session's near three-week high in Europe on Wednesday, supported by an increased focus on inflation after China's second interest rate hike in six weeks.

AIG Sees $4.1 Bln Charge in Q4

American International Group, Inc. said it expects to record a $4.1 billion charge in the fourth quarter to boost the loss reserves in its Chartis property and casualty insurance subsidiaries.

House panel chief sees no future in new $53 bln high-speed rail plan

The White House unveiled plans to spend $53 billion over the next six years on bringing high-speed rail service to 80 percent of Americans within 25 years, though House Transportation Committee chairman John Mica and Railroads Subcommittee chairman Bill Shuster expressed reservations over its future benefit.

TMX Group Inc. Chairman of the Board Fox looks on before their annual general shareholders meeting in Toronto

London Stock Exchange seeks to merge with Toronto's TMX

The London Stock Exchange Group plc (LSE) said that it is in advanced negotiations with the operator of the Toronto Stock Exchange, the TMX Group, regarding a potential merger.

Pittsburgh Penguins center Malkin scores past New York Islanders goalie DiPietro in a shootout in Uniondale, New York.

What's Next For The Pittsburgh Penguins?

Pittsburgh Penguins coach Dan Bylsma announced Tuesday that the team did not expect forward Evgeni Malkin to play again this season following a knee injury leaving the Penguins in a bind as to how to salvage their season.

Bharara describes insider trading charges against three hedge fund portfolio managers and one hedge fund analyst during a news conference in New York

Ex-SAC Capital employees charged in trading probe

A investigation into allegations of insider trading in the hedge fund industry for the first time reached former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.

Creditors Seek To Block DISH Bid For DBSD

A group of bond holders is seeking to derail the $1.1 billion bid for DBSD North America by DISH Network, citing the risk that DISH will walk away from the deal.

Denver Nuggets Anthony on bench during loss to New Jersey Nets in their NBA basketball game in Newark.

Is Carmelo Anthony Bound For Los Angeles?

According to an ESPN.com report, the Los Angeles Lakers and Denver Nuggets have had preliminary discussions about a Carmelo Anthony trade.

Gold jumps 1 percent, speculators cover positions

Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average.

Bijou Durden's home listed on market for $3.35 mln

Two sons of late New York stage and TV actress, Bijou Durden, have listed their home for $3.35 million, according to the Los Angeles Times.

Cleveland Cavaliers' Christian Eyenga (L) and Samardo Samuels during the fourth quarter of their game against the Portland Trail Blazers in Cleveland, February 5, 2011.

Cavs set all-time record losing streak

The Cleveland Cavaliers hit rock bottom by losing an NBA-record 25th straight game in a 99-96 defeat to the Dallas Mavericks on Monday, topping the previous mark they set over two seasons in 1982.

Actress Blake Lively arrives at the re-opening party for the Chanel Soho store in New York

Blake Lively the new Carrie Bradshaw?

The latest buzz is that creator Michael Patrick King is thinking about slipping 'Gossip Girl' star Blake Lively into the shoes of the young Carrie Bradshaw in a Sex and the City prequel.

Keith Olbermann attends the NBC Universal Summer press tour in Beverly Hills

Keith Olbermann headed to Current TV

Former MSNBC anchor Keith Olbermann will announce his new job during a media conference call on Tuesday.

Top After-Market NYSE Movers (ICO, AHL, NYT, HWD, ELN, TCAP, OLP, PFG, FMC, BDX)

The top after-market NYSE gainers on Monday are: International Coal Group, Aspen Insurance Holdings, New York Times, Harry Winston Diamond and Elan Corp. The top after-market NYSE losers on Monday are: Triangle Capital, One Liberty Properties, Principal Financial, FMC Corp and Becton.