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Stock Soar After ECB Vows To Protect The Euro

Posted: 07/26/2012 - U.S. stocks are soaring at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union.

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States Ask Help Collecting Internet Sales Taxes

Updated: 07/24/2012 - The nation's governors are asking Congress to help states recover an estimated $20 billion in sales taxes that go uncollected by out-of-state online merchants every year.

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Budget Office: Obama's Health Law Reduces Deficit

Posted: 07/24/2012 - Congress' budget scorekeepers are taking a new look at President Barack Obama's health care law -- and they still say it is expected to reduce federal deficits.

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US Stocks Falling For 3rd Day On Lower Earnings

Posted: 07/24/2012 - Stocks are sliding following weak earnings from United Parcel Service and other major U.S. companies. The market was headed for its third loss in a row.

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Nasdaq Ups Ante In Facebook Reimbursement Plan

Posted: 07/20/2012 - The Nasdaq stock exchange is chipping in more money to reimburse investment firms that lost money when online social network Facebook went public in May because computer glitches delayed their trading orders.

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Defense Firms Warn Of Job Losses From Budget Cuts

Updated: 07/18/2012 - The head of a major defense contractor is warning that he might have to lay off 10,000 workers if Congress fails to agree on an alternative to automatic budget cuts.

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Bernanke Offers No Hints Of Imminent Fed Action

Posted: 07/17/2012 - Chairman Ben Bernanke says the U.S. economy has weakened and the Federal Reserve is ready to take further action to bolster growth if conditions don't improve.

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Report: Bank's Lax Control Led To Money Laundering

Posted: 07/16/2012 - A Senate investigation has found that Europe's largest bank had lax controls that allowed Mexican drug cartels to launder money through its U.S. operations for seven years.

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US Jobless Claims Plunge To Lowest In 4 Years

Posted: 07/12/2012 - The number of people seeking unemployment benefits plunged last week to the lowest level in four years, but the decline was partly due to temporary factors.

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PC Sales Fall By 6 Pct To 11 Pct In US During 2Q

Posted: 07/11/2012 - Personal computer sales in the U.S. sagged during the spring as shifting technology trends, upcoming product releases and a shaky economy dampened demand for the machines on the market.

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