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Gold shows unexpected strength with sudden jump up

Gold rose over 1 percent in choppy trade on Thursday, with a sudden jump by over $20 per ounce within minutes as large buy orders were apparently triggered in the future markets. This comes unexpected to precious metals experts, as the gold price was supposed to be kept low by the usual large Wall Street players during todays speech by Bernanke, and was set to rally on Friday, when unexpectedly bad labor market numbers will come in and drive gold prices higher.

Big dig-out follows widespread U.S. winter storm

Chicago: 23.4%
Cities and towns across the United States started to dig out on Thursday from a winter storm that stretched for thousands of miles, with many areas still grappling with treacherous travel conditions.
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Job seekers visit employment center in San Francisco- file photo

Jobless claims tumble, productivity rises

New U.S. claims for unemployment benefits fell sharply last week while nonfarm productivity in the fourth quarter was stronger than expected, confirmation the economic recovery was strengthening.
The Daily

Rupert Murdoch's anti-web stand: The Daily

The iPad-only digital newspaper from News Corp., The Daily, touted to usher in the age of subscription-based revenue model on the web space, has been launched by Rupert Murdoch and Apple Vice President of Internet Services Eddy Cue at a press event at New York's Guggenheim Museum.

U.S. presses China to honor trade promises

U.S. Commerce Secretary Gary Locke on Wednesday criticized China for failing to honor promises to open its market and said the United States would be pressing Beijing for better results in 2011.
Chicago: 23.4%

Massive winter storm punches U.S. Midwest, Northeast

A huge winter storm pummelled the United States on Wednesday, bringing parts of the Midwest to a standstill, delivering a wintry blow to the Northeast, and disrupting businesses, flights and other transport.
Pedestrians walk past a "Now Hiring" sign in the window of a GNC shop in Boston

Private sector job gains beat expectations

U.S. private employers added more jobs than expected in January, underscoring views the employment picture is slowly improving. The private sector added 187,000 jobs in January compared with a downwardly revised
The New York Stock Exchange

Wall Street warned of Al-Qaeda attacks

The Federal Bureau of Investigation has reportedly warned financial institutions in New York of potential terrorist attacks by Al-Qaeda after published reports surfaced around a month back.
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America, Canada observe Black History Month

The annual Black History Month for the year 2011 has kicked started in the United States as well as Canada. The month is dedicated to learning and celebrating facts about African diaspora and the history.
A migrant worker pushes his belongings past a vendor selling foldable stools near Dongguan East station in southern China

China may hike interest rate within a month: report

China is expected to see another interest rate hike within a month as the government intensifies its efforts to control the rising inflation, The New York Times reported on Wednesday citing a forecast of economists and bankers.
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TV reporter Ines Sainz steals the Super Bowl spotlight

Ines Sainz, the television reporter who prompted the NFL to introduce new code of conduct rules, grabbed the Super Bowl spotlight Tuesday, attracting nearly as much attention as the Green Bay Packers and Pittsburgh Steelers.
Amazon Kindle

Portland Bookstore Swaps Kindles For Paperbacks

Microcosm Publishing, a not-for-profit book publisher and distributor, started a campaign earlier this month with an unusual premise: Swapping unwanted Amazon Kindle's for offerings from its inventory.
Barbara Bush

Bush’s daughter supports gay marriage

In direct defiance of her father’s policies and views, Barbara Bush, one of former President George W. Bush’s twin daughters, supports gay marriage. She has taped a video which calls for the state of New York to legalize same-sex marriage.

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