UNITED STATES

FDIC proposes large banks pay for their risk

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U.S. regulators proposed large banks pay higher fees if they engage in risky activities, introducing a new scorecard said to better predict how institutions will fare in economic downturns.

Market rises slightly as results eyed

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U.S. stocks eked out a gain on Tuesday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa Inc acted as a headwind.
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FOREX-Euro slips vs most currencies as Greece woes dominate

The euro fell against most currencies on Tuesday as a Greek debt auction highlighted persistent doubts about Greece's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its first borrowing test since the euro zone agreed on a potential rescue package but paid a high premium to issue the Treasury bills.
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Apple updates MacBook Pro

Apple Inc has updated its line of high-end laptops with faster processors, better graphics and longer battery life, as the company continues to take share in the personal computer market.
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FDIC extends guarantee, proposes fee changes

U.S. bank regulators extended a crisis-era guarantee while also moving to change the deposit insurance fee system for large banks with the aim of making them pay more for engaging in risky activities.
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Consumer Reports calls Lexus SUV safety risk'

Influential nonprofit magazine Consumer Reports on Tuesday urged car shoppers not to buy the 2010 Lexus GX 460, calling the Toyota Motor Corp sport utility vehicle a safety risk to roll over.
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WaMu risk-taking slammed

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.
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U.S. trade gap with China narrows

The U.S. trade deficit with China narrowed to its lowest level in nearly a year in February, while the nation's overall trade gap widened as strengthening domestic demand triggered a surge in imports.
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Market edges down after Alcoa disappoints

U.S. stocks slipped on Tuesday as Alcoa Inc's results disappointed investors at the start of the earnings reporting season, while a drop in oil prices weighed on the energy sector.
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Consumer confidence up in April from year-low

U.S. consumer confidence rebounded in April after hitting in March its lowest level in a year, boosted by stock market gains and modest job market improvement, a research group said on Tuesday.
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WaMu called time bomb as ex-CEO laments seizure

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.
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Wall Street slips after Alcoa; Intel on tap

U.S. stocks dipped on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues, as investors sought more evidence to justify the lofty levels on Wall Street.
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Small business spirits downcast in March

U.S. small business owners have little confidence in the economy and are in no rush to hire or expand, despite signs the recovery is picking up, a survey released on Tuesday showed.
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Imports widen U.S. trade deficit in February

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.
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Imports widen trade deficit in February

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.
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Gold gains on uncertain Indian equity market

Heads I win, tails you lose. That seems to be the latest mantra of gold vis-à-vis equity markets. Recently, Indian equity market is on a song and had crossed 18,000 points mark which was last seen over two years ago. At a time when equity market is showing gains normally bullion markets witness a fall. Because, investors shift their money from bullion to equity.
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Gold in old & new Greek tragedy!

Greek literature boasts three great writers of tragedy: Aeschylus, Sophocles, and Euripides in the olden days. But, now Greek tragedy has nothing to do with literature. It is all about money or rather Euro. In the ancient days, the largest festival for Greek tragedy was the Dionysia held for five days in March or April, for which prominent tragedians usually submitted three tragedies and one satyr play each. In 2010, Greek Tragedy is again performed in March-April with three major players like G...
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Consumer Reports calls Lexus SUV safety risk

Consumer Reports on Tuesday urged consumers to avoid purchasing a Lexus GX 460, saying the sport utility vehicle from Toyota Motor Corp was a safety risk because of the performance of its stability control system.
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Gold Reserves: Tough for China to beat US

China is on a gold buying spree these days. The Chinese central bank-the People's Bank of China-is taking a series of steps to increase its gold reserves to ensure that the precious yellow metal replaces forex reserves held in the US dollar. Chinese people in cities, small towns and rural areas are buying gold jewellery, gold coins and gold bars for investment like never before. Gold jewellery showrooms are mushrooming across the Chinese hinterland.
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Ford says cautiously open to partnerships

Ford Motor Co is open to partnerships in green car technology but will be cautious in committing to any alliance, Executive Chairman Bill Ford Jr. said on Monday.
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Trump, bondholders win Atlantic City casinos

Real estate mogul Donald Trump and a group of bondholders won control of the three Atlantic City casinos of Trump Entertainment Resorts Inc, a bankruptcy court judge ruled on Monday.
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Wall St set for slightly lower open after Alcoa

Wall Street was set for a slightly lower open on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months.
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Trade deficit widens in February on imports

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.
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Stock futures lower after Alcoa results

U.S. stock index futures slipped on Tuesday, a day after Alcoa reported in-line quarterly profit but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months.

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