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Warner Music beats estimates on digital sales

Warner Music Group, which is being bought by billionaire Len Blavatnik's Access Industries, reported a narrower-than-expected quarterly loss, helped by a 9 percent jump in digital revenue.

Which countries have the largest gold reserves?

Governments, or nowadays central banks, are traditionally the largest holders of gold. And for most of the past two decades, central banks have been net sellers of gold. But since 2010, central banks are net buyers again, because central banks of emerging market economies are aiming to diversify their ever growing currency reserves and reach a similar level in gold reserves as the club of old industrial economies.

Nasdaq CEO vows hostile bid for NYSE in weeks

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Nasdaq OMX Group Chief Executive Robert Greifeld, unbowed after NYSE Euronext twice rejected his takeover offer, is pressing forward with a hostile bid for the Big Board parent, promising to launch a tender offer within weeks.
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How the US government scams Treasury holders

The US government can’t possibly pay back its $14-trillion debt. Not fairly, at least. Instead, its strategy is to devalue the US dollar so that the nominal value of the $14-trillion debt becomes less in real terms.
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Utilities lift Wall Street as leadership shifts

Stocks rose for a third day on Tuesday, led by utilities and other defensive sectors that may drive further gains as investors bet on profit growth and set aside concerns about weakening demand.
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U.S. says China agrees market-opening steps

China has agreed to steps to open its government procurement market to more U.S. companies and let U.S. banks sell mutual funds in the country, a senior U.S. Treasury official said on Tuesday.
Allen Stanford

First Full Face Transplant in US: Gratitude, Transformation, Future [PHOTOS + VIDEOS]

Dallas Wiens, 26, of Texas, who had previously come to terms with a vastly deformative injury which virtually erased his face, expressed gratitude to the family of his new face's donor and doctors remarked on his transformation as he made his first public appearance after becoming the first recipient of a full facial transplant in the United States.
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Import, small business data point to inflation

The cost of imported products in the United States rose for a seventh straight month in April thanks to a weaker dollar, and more owners of small businesses raised prices, in potentially worrying signs of inflation.
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Import prices firm, wholesale sector perks up

U.S. import prices rose at a slower pace in April as petroleum and food cost increases moderated, while a jump in wholesale inventories during March suggested a weak first quarter ended on a firmer note.
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Google launches music service without labels

Google launched an online music locker service on Tuesday that allows users to store and access their songs wherever they are, similar to one launched by Amazon.com in March.
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March wholesale inventories rise, sales surge

U.S. wholesale inventories climbed in March as businesses saw a sharp increase in sales, suggesting parts of the economy are growing firmly, according to Commerce Department data released on Tuesday.
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Dean Foods steps up cost reduction, cut 140 jobs

Top U.S. dairy company Dean Foods Co said it has stepped up efforts to cut expenses and may continue to raise prices as it battles higher commodity costs and weak demand at its fresh dairy products business.

Time Travel in Samoa

As Samoa prepares to jump across the international dateline, a new opportunity arises for tourists.

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