UNITED STATES

U.S. dept stores may struggle to satisfy investors

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Top U.S. department stores are expected to show this week that the strong momentum from last year's holiday season has carried into spring, but investors are already looking toward summer and autumn.
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Future perfect for gold

It seems gold is heading for a perfect future as almost all incidents unraveling across the world in April and May months are helping the yellow metal gain. If you take into consideration the recent developments like the Greece debt crisis, Spain and Portugal economic woes, the Euro situation, China's decision to control the realty sector and the May 7 verdict by India's Supreme Court in the Ambani gas row case, all of this have contributed to the further push of gold in global and India markets...
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Reform bill should include Fannie, Freddie: Shelby

Financial reform legislation being debated by the Senate needs to overhaul government involvement in U.S. mortgage finance giants Fannie Mae and Freddie Mac, Senator Richard Shelby, the lead Republican on the Senate Banking Committee, said on Saturday.
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Euro zone agrees emergency steps to contain crisis

Euro zone leaders decided on Friday they have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal.
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Crude Oil Plunges as Turbulence Rocks Financial Markets

In a week of market turmoil resulting from Greece's fiscal crisis, oil went from an intraday high above $87 on Monday - its highest point in more than a year and a half - to plunge briefly below $75 on Friday. The Greek crisis, exacerbated by a still-unexplained glitch in U.S. stock trading on Thursday that saw the Dow Jones Industrial Average plunge 9% in a matter of minutes before recovering, sent financial speculators scrambling for the sidelines, liquidating their long positions.
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New regulations likely as U.S. probes big stock dive

President Barack Obama said on Friday that regulators would look for ways to prevent a repeat of Thursday's mysterious stock market meltdown, adding to expectations the U.S. government will make new regulations to curb runaway computer trading.
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Buffett's Berkshire has highest profit since 2007

Warren Buffett's Berkshire Hathaway Inc on Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe Corp.
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Stocks turn negative for year on Greece woes

Stocks turned negative for the year on Friday on fears of another credit crisis stemming from Greece's souring finances and lingering questions about what triggered the previous session's dramatic plunge.
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AIG posts quarterly profit on investment income

American International Group Inc turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize.
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Volatile trade, Greece debt fears hit Wall Street

U.S. stocks fell on Friday as continued fears of a financial meltdown stemming from Greece's debt crisis and lingering questions about what triggered the previous session's dramatic plunge discouraged investors.
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Wall Street falls on Europe debt worries

U.S. stocks fell on Friday on fears of a financial meltdown stemming from the debt crisis in Greece, but trading was extremely volatile in the aftermath of Thursday's dramatic plunge, keeping investors on edge.
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Obama says authorities probe cause of stock swoon

President Barack Obama said U.S. authorities were investigating the cause of a nearly 1,000-point plunge in the Dow Jones industrial average that spooked investors and fueled anger at Wall Street.
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Goldman plans rigorous self-examination: CEO

Goldman Sachs Group Inc , accused of fraud by the U.S. government, will undertake a rigorous self-examination, its CEO Lloyd Blankfein said at the investment bank's annual shareholder meeting on Friday.
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White House says job report shows labor market healing

New data showing the economy added 290,000 jobs in April is the strongest sign yet the labor market is healing, but the high unemployment rate is still cause for concern, a senior Obama administration official said on Friday.

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