UNITED STATES

Barclays Settles Claims For $453M In Interest Rate Scandal

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Barclays Plc (NYSE: BCS) agreed Wednesday to pay $453 million in fines to settle claims made by U.S. and UK. bank regulators and law enforcement agencies for the bank's alleged involvement in a scheme to manipulate two global benchmark interest rates.
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Vietnam Condemns 'Illegal' South China Sea Oil Bid

Vietnam has decried China's plan to open up disputed areas of the South China Sea to oil exploration as illegal, ratcheting up tensions between the two communist neighbors over maritime borders and natural resources.
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Morgan Stanley headquarters building in New York's Time's Square

Morgan Stanley Getting Hit From All Sides

It's not turning out to be a good week for Morgan Stanley (NYSE: MS). Over the past few days, the bank has been embroiled in two international scandals and cut by analysts at Goldman Sachs. That follows a month that saw a major credit downgrade, participation in the fumbled IPO of Facebook Inc. and behind-the-scenes grumbling by the FDIC. The bank has lost more than one-third of its market capitalization since late March.
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Apple?s Injunction Vs. Samsung: Temporary Victory?

Apple (Nasdaq: AAPL), the world's most valuable technology company, has won a U.S. district court injunction against its supplier and rival Samsung Electronics (Seoul: 005930), which should help sales of the iPad.
Curtis “50 Cent” Jackson

50 Cent Injured In Car Accident

Hip-hop superstar Curtis 50 Cent Jackson was injured in a car crash Tuesday morning, according to his publicist. Jackson has since been released from the hospital.
Newly built cars sit in a shipping lot near General Motors Car assembly plant in Oshawa

US Car Sales June 2012 Preview: Plateauing Sales A New Equilibrium

U.S. car sales are expected to have remained strong in June, maintaining a total seasonally adjusted annual rate (SAAR) of around 14 million vehicles, however sales are beginning to slow at the beginning of summer and a return to pre-recession sales levels is not foreseen anytime soon, according to early predictions by analysts at LMC Automotive and Kelley Blue Book.

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