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Hurricane Irene 2011

Hurricane Irene Update: Storms Strengthens, Path Leading to U.S. Strike

Hurricane Irene has grown stronger, and the storm is expected to further strengthen and strike the U.S. southeast coast by the weekend, possibly as a Category 3 or Category 4 storm. More than 60 million people from Florida to New York and Massachusetts could be impacted by the powerful storm.
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Libya: Fall of Tripoli

Libya Rebels Close in on Gaddafi Compound

Libyan rebels battled on Tuesday around Muammar Gaddafi's headquarters, where a son of the veteran leader had emerged overnight to confound reports of his capture and to rally cheering loyalists for a rearguard fightback.
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Gold Price Retreats More Than 1 Percent

Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
For Discussion: U.S. Stock Market

U.S. Stock Market: Is Dow 11,000 a Top or a Starting Point?

You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
Ford, Toyota Team Up

Ford, Toyota Team-up: Companies, Leaders Have Old Ties, Admiration

News that Ford Motor Co. and Toyota will work together jointly to develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles isn't a big surprise, if one considers the source of how the arrangement came about. Ford CEO Alan Mulally and Toyota CEO Akio Toyoda crossed paths at an airport. The two company leaders talked, sharing mutual admiration for one another's companies. Talk turned to hybrid vehicles, and plans for the future. Ford is the truck leader, and Toy...
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BYD plummets, putting spotlight on strategy, Buffett

BYD Co's profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the Chinese auto and battery maker backed by Warren Buffett struggles with steady sales declines and waning popularity of its top model.
Standard & Poor's President Deven Sharma

S&P President to Step Down; McGraw-Hill Shows its Regret Over Downgrade

S&P couldn't take back its U.S. debt rating downgrade that rocked global financial markets. Once it was done, it was done. But now we know the agency embroiled in controversy for two weeks since its Aug. 5 downgrade was met with corporate regret. The ratings agency said Tuesday that Deven Sharma, S&P's president since 2007, will sept down. He will be succeeded on Sept. 12 by Citibank Chief Operating Officer Douglas Peterson. The move caps two weeks of controversy that has embroiled the com...
Hurricane Irene

Hurricane Irene Heads for Carolinas; Could be Category 4 Storm

Hurricane Irene continued its path of destruction on Monday with winds reaching up to 100 mph as it headed towards the U.S. The Category 2 storm left one million Puerto Rican people without power on Monday, wreaked havoc in the Dominican Republic, destroyed Richard Branson's Virgin Island home, and appears on a direct path for North and South Carolina.
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Nintendo jumps on talk of 3DS add-on, revamp

Shares of Nintendo Co Ltd surged more than 8 percent on Tuesday amid expectations the Japanese video game maker is taking steps to shore up lackluster sales of its 3DS handheld games player.
U.S. Postal Service faces doomsday.

U.S. Postal Service Braced for Massive Cuts

Postmaster General Patrick Donahoe is proposing some dramatic changes to cut costs – including the firing of one-fifth of all employees (some 220,000 people) either through layoffs or attrition; the elimination of Saturday mail delivery; and the closing of nearly 4,000 post offices across the country.
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Spot Gold Soars to All-Time Nominal High

Spot gold soared to an all-time high above $1,910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
HP TouchPad

Missed HP TouchPad Fire Sale? You Still Have Options

With the HP TouchPad getting sold out at $99 like hot cakes customers seem to have deepened their interest in tablet devices. The stores in US have already become empty of the HP tablets. But there is nothing to worry as more stock will be entering these stores by this week.

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