UNITED STATES

U.S. tax deal lifts global stocks

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Global equities advanced on Tuesday after a compromise deal to extend expiring U.S. tax cuts, though the euro zone's debt crisis and speculation over a possible interest rate rise in China kept them in check. The euro rose on optimism that Irish lawmakers will pass its toughest ever budget later in the day. The single currency remained vulnerable, however, with European policymakers dithering ove...
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Sumitomo may invest in Molycorp for rare earth supply

Sumitomo Corp <8053.T> is in talks with Molycorp on a rare earth supply deal and may take a stake in the U.S. company, the latest move by a Japanese firm to secure supplies of the crucial minerals outside China.
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Russia expecting EU approval on WTO bid

Russia is widely expected to secure European Union approval to join the World Trade Organization at a summit on Tuesday, taking Moscow closer to completing membership negotiations after 17 years.
Traders work on the floor of the New York Stock Exchange

Stocks recover early losses, finish mixed

Stocks, which fell early in the session on some gloomy remarks on the economy from Federal reserve Chairman Ben Bernanke, pared much of their losses later in the day on hopes that The Republicans and Democrats in Congress can hammer out a compromise on extending the Bush tax cuts as well as unemployment benefits.
U.S. President Barack Obama looks through a microscope as he tours Bio Tech Facilities at Forsyth Technical Community College in Winston-Salem, North Carolina, December 6, 2010.

Obama says U.S. faces 'Sputnik moment' as tax-benefits deal nears

President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.
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U.S. economy still not on Easy Street

The U.S. economic recovery remains on shaky ground, well over a year after the recession officially ended, and two top strategists said on Monday they fear the economy could suffer a new blow next year.
President Barack Obama

Hope for 2011: stocks outperform in third year of presidential term

Investors who are worried about the health of the stock market might take some solace from the evidence that the U.S. equities have performed exceptionally well during the third year of a presidential term (Barack Obama enters the third year of his administration in January 2011).
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Cisco, Juniper step up in cloud with deals

Leading U.S. network equipment makers Cisco Systems Inc and Juniper Networks Inc both announced deals to bolster their expertise in increasingly popular cloud computing, or virtualization, technology.
U.S. Senate Minority leader Mitch McConnell, R-KY.

OPINION: Trickle nowhere

The American people have spoken!By means of the mid-term elections the American people have sent a mandate to the American Congress. The message could not be clearer.
Japan Maritime Self Defence Force destroyer Ikazuchi (L) sails alongside the USS George Washington during their military maneuvers known as Keen Sword 2011, in the Pacific Ocean December 5, 2010.

Obama urges Hu to pressure North Korea

President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
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Sprint in deal with Alcatel-Lucent, Ericsson

Sprint Nextel has signed a technology deal costing up to $5 billion with Alcatel-Lucent , Ericsson and Samsung <005930.KS> as it phases out an older network and looks to cut costs and pave the way toward easier future technology upgrades.
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Wal-Mart class-action appeal goes to top court

The U.S. Supreme Court said on Monday it would decide if the largest sex-discrimination class-action lawsuit in U.S. history against Wal-Mart Stores Inc can proceed, a case involving women workers who seek billions of dollars in damages.
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SEC sees financial fraud cases increasing

A top Securities and Exchange Commission official said on Monday the number of fraud schemes is on the rise, taking billions of dollars from Americans, and warned investors to be more vigilant.

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