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California Oct. Revenue Misses Forecast by $810.5 mln

California's revenue in October came in $810.5 million below its projected level in the state budget, increasing pressure on its leaders to impose more spending cuts to keep the state's books balanced, the state controller said on Thursday.

Sandusky Grand Jury Report Details How Victims Were Chosen, Abused

Jerry Sandusky Sex Scandal Rocks Penn. State University
A grand jury report has revealed that Jerry Sandusky, a former Penn State assistant coach, not only had access to hundreds of underage boys through his charity, The Second Mile, but also detailed how Sandusky would allegedly sexually molest the boys and showered them with gifts.
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October budget deficit down from year ago

The U.S. government racked up a smaller deficit in the opening month of fiscal 2012 than it did in October a year earlier, the Treasury Department said on Thursday.
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Boeing defense CEO: braced for deep spending cut

Boeing Co's defense unit is bracing for the worst case scenario -- a trillion-dollar U.S. defense budget reduction over 10 years, the chief executive of the company's Defense Space and Security business said on Thursday.
A portrait of Apple co-founder and former CEO Steve Jobs is placed on the Federation Tower skyscraper in Moscow's new business district

Steve Jobs is most used name in media, 2011

Arab Spring and Royal Wedding were on Wednesday deemed the top phrases of 2011, while late Apple co-founder Steve Jobs is the year's top name, according to a global survey of the English language.
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CFTC launches investigation into bankrupt MF Global

The U.S. futures regulator on Thursday said it has launched a formal investigation into bankrupt MF Global, increasing pressure on the brokerage as the search for roughly $600 million in missing funds continues.
Kohl's

Kohl’s 3Q Profit Advances 20%, Beat Estimates

Kohl's Corp., the fourth-largest U.S. department store chain, said Thursday its third quarter profit rose 20 percent, helped by the launch of the exclusive brands such as lines by Jennifer Lopez and Marc Anthony.
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Wall Street rebounds, energy, industrials lead

U.S. stocks rose on Thursday, rebounding from the previous day's steep losses on positive corporate news, but trading was choppy as nervous investors reacted to headlines painting a mixed picture of Europe's debt crisis.
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Starbucks Buys Juice Company, Starts New Chain

Starbucks Corp. said it plans to open a health and wellness-focused chain next year after its acquisition of Evolution Fresh, a California-based premium juice maker, for $30 million.
Underground mining machine

Gold Falls As Investors Sell to Raise Cash

Gold fell on Thursday, on track for its biggest one-day loss in two weeks, as fearsabout political turmoil in Italy and a deepening euro zone debt crisis prompted investors to raise cash by liquidating somepositions in the bullion market.
Richard Nixon

Richard Nixon Grand Jury Testimony Released

Records of former President Richard Nixon's grand jury testimony about the Watergate scandal have been released by the National Archives and the Nixon Presidential Library and Museum.
CNN host Piers Morgan

Piers Morgan Leaving 'America's Got Talent'

Piers Morgan announced he is leaving his judge's seat on America's Got Talent next season in order to focus on other upcoming news events like the 2012 U.S. presidential election.

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