UNITED STATES

Ex-Credit Suisse employees to be charged in subprime

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U.S. authorities are preparing to charge former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
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Netflix says Congress can help bring Facebook app to U.S.

Netflix Inc on Tuesday urged a panel of senators to support legislation that it said would allow the company's U.S. users to share information on Facebook about the TV shows and movies they are watching through Netflix's service.
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It's Ex-Factor for Abdul, Scherzinger, Jones

Simon Cowell gave his talent show The X Factor a major shake-up, showing the door to host Steve Jones, judge Nicole Scherzinger, and even his old friend Paula Abdul after a lackluster first season on U.S. television.
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U.S. expands case against ex-Goldman director Gupta

Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
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Richest Fed officials worked in finance

It's hardly a huge surprise: those Federal Reserve officials that made careers in the financial sector are much wealthier than their colleagues, according to new disclosures on Tuesday.
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GM, AIG shares slides to add $23 billion to deficit

Just when Americans have largely forgotten about the Treasury's controversial bailout program, the Congressional Budget Office on Tuesday blamed it for an anticipated $23 billion widening in the government's deficit.
Apple is Top PC Maker

Apple is Top PC Maker: Can John Browett Sustain Market Share?

Apple Inc. just can't lose. After becoming one of the most valuable companies in the world (the market cap is currently at $425.61 billion), Apple followed up by becoming the top PC maker in the world. The achievement is a testament to the company's ability to sell innovative products and to its rabid fan base. Whether Apple is able to remain the top PC maker remains largely dependent on new senior vice president of retail operations John Browett's ability to keep sales strong.
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Adele's live comeback at February 12 Grammy Awards

British chart-topper Adele will make her live comeback at the Grammy Awards in Los Angeles in just under two weeks, after being on vocal rest since throat surgery sidelined the singer late last year.
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PayPal co-founders fund pro-Paul Super PAC

Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.
Liturgy

Lana Del Rey 'Born to Die' Bombs: Is Black Metal Now More Important than Pop?

Liturgy is the sexless hive-geek counterpart to Lana Del Rey, 2011's most polarizing and polarized artist. Her just-dropped album Born to Die, has landed number 1, despite global critical condemnation. The Brooklyn black metallers (Liturgy) generated what seemed a comparable amount of criticism to the manufactured pseudo-pop darling (Del Rey) in 2011. Liturgy sold far fewer albums, proving that artistic merit and integrity do not always win out.
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U.S. agency: AMR will seek to end worker pensions

The Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.

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