UNITED STATES

Gold

Gold Prices up 1% on Greek Debt Deal

Gold prices rose 1 percent on Thursday as the euro rallied to a fresh two-month high against the dollar after Greece clinched a deal with European Union and IMF leaders needed to avoid a messy default.

PepsiCo's plan fails to quench market's thirst

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PepsiCo Inc forecast lower-than-expected 2012 earnings in a transition year in which it said it would cut thousands of jobs to save money and increase advertising to reinvigorate sales in North America.
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U.S. reaches mortgage settlement with top banks

The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
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Romanian Man Charged with Hacking NASA Computers

A Romanian man accused of hacking into NASA computers at the Jet Propulsion Laboratory near Los Angeles under the online moniker "Iceman" has been indicted on a federal charge, prosecutors said on Wednesday.
A technician checks a communications satellite during a press visit at Thales Alenia Space in southeastern France, October 7, 2009.

U.S. Squeezes French-Led Satellite Maker over China

The United States has threatened action that could disrupt a French-led satellite maker's supply chain, spurred by suspicion that it illegally used U.S. know-how or parts in spacecraft launched by Chinese rockets.
U.S. House Speaker John Boehner, R-Ohio

Birth Control Rules Fuel Pre-election Political Firestorm

The top Republican in the Congress on Wednesday denounced President Barack Obama's new rule on contraceptives as an assault on religious freedom and vowed to overturn it, as the White House sought to prevent the issue from becoming an election-year liability.
Apple

App Economy: Report Shows 500,000 New Jobs, But Skills Scarce

It’s no secret that mobile applications have made everyday life easier and more convenient. Commuters can check their train schedules on the go, teens can play word games against opponents across the country, and bloggers can post updates on social media sites in a second. But now studies show that mobile apps impact more than just the individual—they’ve helped bump America’s unemployment rate down.
Ford Motor Co President and CEO Alan Mulally smiles during an interview in Bangkok

Two Top Ford Executives Set to Retire

The moves puts the focus on Mark Fields, 50, who runs Ford's operations in North and South America, and Joe Hinrichs, 45, who runs the automaker's operations in Asia, as the leading internal candidates to succeed Mulally.
Fuel

India Strikes Clever Deal with Iran; To Pay for Iranian Oil in Rupee

India and Iran share close historical links, or so argued India's first prime minister, Jawaharlal Nehru. Now economic interests are pulling the two countries closer again. India has struck a clever deal to pay for Iranian oil in its own not freely convertible currency, the rupee. It could be a diplomatic hot potato.
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Investment bank slump tips C.Suisse to Q4 loss

Credit Suisse posted a surprise fourth-quarter net loss as business at its investment bank slumped and it took almost 1 billion Swiss francs ($1.1 billion) of charges for slashing costs and risky assets to meet tough new capital rules.

U.S. Reaches Mortgage Deal with Top Banks

The announcement caps more than a year of chaotic negotiations among state and federal officials, and the banks, who have been accused of using robosigners and unlawful documentation to deal with a flood of foreclosures.
First Lady Michelle Obama, who has spearheaded a healthy eating and fitness program for children for two years, will lend her voice on Thursday to the military's efforts to overhaul the food it serves.

Michelle Obama Spearheads New Plan to Overhaul Military Meals

Obese Americans in the military are a national security hazard and first lady Michelle Obama wants to see that change. Obama, who has spearheaded a healthy eating and fitness program for children for two years, will lend her voice on Thursday to the military's efforts to overhaul the food it serves.
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PepsiCo to cut 8,700 jobs, invest in brands

PepsiCo Inc expects to cut 8,700 jobs as part of a plan to save an extra $1.5 billion over the next three years, as it invests more money in marketing and advertising its brands.
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German court says Samsung can sell reworked tablet

Samsung Electronics Co Ltd's reworked tablet PC does not look like a copycat version of the iPad, a German court said, affirming a preliminary assessment and dealing another legal blow to Apple Inc.
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Credit Suisse slumps to Q4 loss

Credit Suisse posted a surprise fourth-quarter net loss as business at its investment bank slumped and it took almost 1 billion Swiss francs ($1.1 billion) of charges for slashing costs and risky assets to meet tough new capital rules.
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Wegelin Boss Gives Up NZZ Role After U.S. Tax Probe

The head of Wegelin -- Switzerland's oldest private bank and which the U.S. has indicted for helping clients dodge taxes -- is standing back from his role as chairman of the country's influential Neue Zuercher Zeitung daily.

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