U.S. stocks fell sharply, dragging the Dow below the psychologically important 12000 mark as disappointing news about jobless claims compounded Wall Street's worries about trade in China and Europe sovereign debt.
Libyan officials are scrambling to soften the impact of diplomatic and financial measures hitting Gadhafi's government as European nations extended sanctions on the Libyan government and its banks.
Republican senators in Wisconsin maneuvered around Democrats to pass legislation stripping public employees' unions of collective-bargaining rights, setting the stage for other states to pursue similar steps in one of the broadest challenges to organized labor in decades.
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The U.S. trade deficit in January widened, as surging oil prices helped overwhelm a gain in exports to all-time highs. Separately, initial jobless claims rose a bit but remain below 400,000.
Macau casino billionaire Stanley Ho reached a settlement resolving a two-month dispute with his family over a controlling stake in his multibillion-dollar gambling empire.
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Moody's downgraded Spanish government debt to Aa2 with a negative outlook from Aa1 previously, triggering sharp declines for the euro and European bond prices in early European trading.
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Cumulus agreed to acquire rival radio broadcaster Citadel Broadcasting in a $2.5 billion cash-and-stock deal, following months of exclusive talks.
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General Motors said Chief Financial Officer Chris Liddell will leave the company April 1, to be succeeded by Treasurer Dan Ammann.
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The new iPad 2 is thinner, lighter, faster and more powerful than the original, says Walt Mossberg. It offers an excellent balance of size, functionality and price, and keeps Apple ahead in the tablet race, at least for now.
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A congressional hearing on the radicalization of U.S. Muslims became an emotionally charged affair as the first Muslim elected to Congress broke down crying at the witness table.
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The White House says it won't fight challenges of gay marriage advocates. What about the IRS?
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The NFL is widely recognized for having the shrewdest owners in sports. But as the clock ticks down toward another deadline in the ongoing labor talks, that reputation may be called in for review.
As venture-capital firms pile into deals to find the next Facebook or Twitter, some entrepreneurs are calling more of the shots, picking whose money they will take and at what price.
Designers reinvented the casual hoodie for fall on the runways of New York, Milan and Paris.
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With mounting overseas tax and reporting obligations, a growing number of Americans living abroad are finding it pays off to renounce U.S. citizenship.
The FDA approved the first new drug for lupus in more than 50 years, a milestone in the effort to mine data from the human genome to develop new medicines.
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As some law firms take on more contingency work, they run the risk of losing partners—and more. Howrey LLP is learning the downside of doing more legal work on a contingency basis as it faces dissolution of the firm.
Director Julie Taymor was ousted Wednesday from the helm of "Spider-Man: Turn Off the Dark," as producers instituted a new artistic team to overhaul the troubled production.
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Opium poppy farmers throughout Mexico and other countries, such as nearby Colombia, are uprooting their poppy stalks and planting coffee in its place now that the beans trade at 14-year highs.
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Consider the threats to a distressingly slow recovery marred by a still-high 8.9% unemployment rate. What could go wrong?
A growing number of chefs with stellar resumes are moving into the kitchens of frat houses across the country.