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Steve Jobs Biography Reveals: Jobs 'Driven by Demons' to Success

Steve Jobs
Before its scheduled October 24 release, the first authorized biography of Apple co-founder and long-time CEO Steve Jobs who died on Wednesday has shot to number one in sales through pre-orders at Amazon and Barnes & Noble. Published by Simon & Schuster, Steve Jobs is a 656-page work by Walter Isaacson which details Jobs as driven by demons.
RBS

Moody’s Downgrades 12 British Banks

Moody’s believes that the UK government will “more likely now … allow smaller institutions to fail if they become financially troubled.” Shares of RBS and Lloyds were down as much as 3.5 percent in London trading.
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ABSA

Absa merges units in line with Barclays structure

Absa Group, the South African bank majority owned by British lender Barclays, said it would merge its business and retail banking units and has also created a small team of Barclays and Absa executives to lead its expansion across the continent.
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Friendly's Files Chapter 11 Bankruptcy; Closes 63 Stores

Friendly's parent company filed for Chapter 11 bankruptcy in Delaware. Friendly Ice Cream Corp. closed 63 of its 500 Friendly's family restaurants as the company seeks to reorganize its troubled business stung in part by the economy.
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Apple Unveils New iPhone -- and It's Not iPhone 5

New Apple CEO Tim Cook began his first product launch on Tuesday at Apple's headquarters in Cupertino by trumpeting all of his company’s successes, but after almost an hour of self-promotion and smaller updates, Apple unveiled its latest iPhone, the 4S.
Amazon Kindle Fire

Kindle Fire's Latest Teardown Puts Amazon on 'Profit-Receiving' End

Amazon Inc's Kindle Fire, within just a week of its announcement, has analysts passionately speculating on the possibility of the 7-inch tablet making either a profit or a loss. One among the many such speculations and rumors is a recent virtual teardown of the Kindle Fire by UBM TechInsights, which suggests that the tablet's manufacturing cost stands at $150.
India's food inflation rate slackened in mid-May, after picking up pace for two weeks, giving the Reserve Bank more leeway to hold rates until its July review and gauge the impact of euro zone debt woes on the domestic economy.

Food, Fuel Price Falls Stir Asia Inflation Concern

Anyone hoping that recent falls in commodity prices would provide a boost to powerhouse Asian economies and help lift the developed world out of recessionary danger will be disappointed. The region's focus remains firmly on inflation.
Customers use ATM machines inside of a Bank of America branch.

Bank of America Debit Card Fee Inspires Anti-bank Rhetoric

When Bank of America announced last week that it would begin charging a $5 monthly fee to customers using their debit cards at retail locations, it understandably caused a fair amount of complaining from consumers, a fact that was noted across the board by various media sources Friday. But it also inspired a wave of anger against banks in general.
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Dubai Official Challenges Gold Retails to be More Versatile

Gold retailers in the United Arab Emirates have to be more versatile with their products to avoid falling sales, a senior industry official said on Monday, defying retailers' complaints that the booming gold price has deterred customers.

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