UNITED STATES

Import prices rise 1.1 percent in Dec

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U.S. import prices jumped in December as energy costs surged, a sign that while inflation may be tame domestically there are plenty of price pressures coming from overseas.

US stocks gain as European debt concerns ease

The S&P 500 Index gained 3.69 points, or 0.29 percent, to trade at 1,278.17 at 9.30 a.m. EDT. The Dow Jones Industrial Average rose 32.93 points, or 0.28 percent, to trade at 11,704.81. The Nasdaq Composite Index advanced 11.50 points, or 0.42 percent, to 2,728.49.
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Gold firms as dollar eases; Portugal auction eyed

Gold prices rose in Europe on Wednesday, as a retreat in the dollar, rising oil prices and caution ahead of a sale of Portuguese bonds later in the day all boosted interest in the precious metal.
Travellers carry their luggage through a snow bank on 7th Avenue in front of Penn Station after a snow storm in New York December 27, 2010.

New York Snow: Key facts to know

As the New York City faces season's third winter storm in less than three weeks, here are some key facts on weather conditions, flight delays, cancellations and more.
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Import prices jump, mortgage demand rises

U.S. import prices jumped in December as energy costs surged, a sign that while inflation may be tame domestically there are plenty of price pressures coming from overseas.

High turnout, isolated clashes mark Sudan vote

A week-long referendum in Sudan that will determine if the country divides has seen a high voter turnout, even as reported clashes are said to have killed dozens of people along the country's north-south border in a region not participating in the referendum, U.S. officials said on Tuesday.

Four major risks to US economic recovery in 2011

The extra fiscal stimulus in the form of tax cuts approved in December could produce a 4 percent growth rate for the U.S. economy in the first half of 2011, but there are lingering risks that could lead to a cold shower in 2012, according to the American Enterprise Institute (AEI).
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Goldman to lose most from Volcker rule: JP Morgan

Goldman Sachs Group Inc likely has the most to lose among global investment banks from a new regulation that limits proprietary trading, analysts at J.P. Morgan Securities said, and downgraded the stock to neutral.
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China nudges U.S. on assets ahead of Hu trip

China would welcome assurances its financial assets in the United States are safe, a senior diplomat said on Wednesday, ahead of President Hu Jintao's visit next week, but played down rifts between the two powers.

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