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Paul Myners, the former Financial Services Secretary during the Labour government of Prime Minister Gordon Brown, has called for the break-up of UK partly-nationalized banking giants Lloyds Banking Group (NYSE: LYG) and Royal Bank of Scotland (NYSE: RBS).

GBP/USD that rose above the key 1.5838 level to a 2-week high of 1.5860 on Friday slipped on Monday despite a stronger-than-expected data and is now targeting 1.5649 as immediate support (S1).

The outage suffered by Amazon.com's European websites was due to a hardware failure but not due to hacking attacks, according to the company. The websites Amazon.co.uk, amazon.de, amazon.fr and amazon.es were down for almost half an hour late on Sunday night. Hackers have not made any claims of the attack so far.

USD/CHF is currently testing the 50-day SMA at 0.9784 and targeting the 1.0064-81 region (R1) immediately on the upside. If the uptrend continues, 1.0331-1.0434 region (R2) will form next key resistance level for the pair.

There are many things weakening the single currency. Concerns over a lack of consensus on euro-area bonds, dollar-positive data from the US, fears about China being forced to cool down its economy and now, an ascending channel clearly shaping up on the 60-minute EUR/USD chart.

Wal-Mart Stores Inc is in advanced talks with New York's construction unions to get their backing for its entry into New York City's retail market, The Wall Street Journal reported on Sunday.

At the Video Games Awards, release of 'Mass Effect 3' was announced, and winners declared. While just hours ahead of the 2010 ceremony, Microsoft delayed the news on much-awaited 'Gears of War 3'.

Chronology: Key events that highlight Apple's march this year

Sprint Nextel, the third largest wireless carrier in the United States, could acquire Ntelos Holdings' wireless business.

A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.

In its war against rampant piracy, Ubisoft has chosen an unusual weapon. The French game publisher has installed the sound of ear-splitting vuvuzela horns, which was popularized at the World Cup 2010 in South Africa, to annoy away the pirates.

She is the queen of retail fashion with sales expected to go up to $ 1billion

Google's launch of e-book store has put the search giant in direct rivalry with market leader Amazon, unfolding an interesting battle on cards in the coming days.

The United States is expected to see weak employment prospects though employers expect the modest hiring pace to continue in the first three months of the year, a survey reported.

CVS Caremark Corp named a recent Wal-Mart Stores Inc executive as the new president of its retail pharmacy business, prompting Wal-Mart to sue over an alleged breach of a noncompete agreement.

Weaker-than-expected US jobs data helped the EUR/USD break above its 100-day SMA and pair is now heading toward key long-term resiatnce of 1.3446 (R1 on daily chart).

The unemployment rate in the U.S. surprisingly edged up in November after remaining constant for three months, the U.S. Labor Department reported on Friday.

Jefferies & Co. said in its Wireless and Handsets weekly that tablet and smartphone sell-through has been strong at the start of the holiday shopping season.

As the holiday shopping season is underway, Best Buy Mobile, the mobile specialty retail unit of Best Buy Co. Inc. (NYSE:BBY), will be offering a minimum of four free smartphones every day through December.

Eurozone retail sales rose unexpectedly in October for the first time in three months, showing an improvement in household demand.

Market is widely prepared for better readigs for both the EU indicators due Friday, and as of now, 1.3283 works out to be the nearest target upside on the 4-hour chart.