UNITED STATES

Bomb attack on Pakistani police kills 12

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A suicide car bomb attack on a police intelligence unit in the eastern Pakistani city of Lahore killed at least 12 people and wounded about 65 during Monday's morning rush hour, officials said.
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Four in five believe Web access a fundamental right

Four in five adults believe access to the Internet is a fundamental right -- with those feelings particularly strong in South Korea and China -- and half believe it should never be regulated, according to a global survey.
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Citigroup exec to join Morgan Stanley: report

Gary Shedlin, who was most recently chairman of Citigroup's investment banking effort for financial institutions, focusing on client relationships, is departing to join Morgan Stanley , Bloomberg said citing a person with knowledge of the matter.
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Farkas all set to buy Centerline Holding Co: report

U.S. real estate investor Andrew Farkas is all set to buy Centerline Holding Co, a provider of real estate financial and asset management services, by investing $100 million in equity in the company, the Wall Street Journal said.
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Business economists see Fed rate hike in 6 months

Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.
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Economists see Fed rate hike in 6 months

Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.
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MetLife set to buy AIG's Alico unit: sources

AIG was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for about $15.5 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.
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AIG to get MetLife stake in $15 billion unit sale

AIG was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for more than $15 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.
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Puerto Rican rum fight spills over to NY Parade

Organizers of the New York Puerto Rican Day Parade, one of the largest U.S. outdoor events, said they are ending a 30-year relationship with the makers of Captain Morgan Rum citing Diageo PLC's plans to move distillation of the drink from Puerto Rico.
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Daily Forecast -8/3/2010

The Australian Dollar has managed to hang onto its recent gains and opens the new week at 0.9060.
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Europe will stand by Greece: Sarkozy

French President Nicolas Sarkozy promised Greece Sunday that euro zone countries would help it overcome its financial problems and vowed a European crackdown on financial speculators Athens blames for its woes.
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France promises euro zone aid for Greece if needed

French President Nicolas Sarkozy promised on Sunday that euro zone countries would help Greece if its financial problems worsened and vowed a crackdown on market speculators whom the Greeks blame for their woes.
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Bulls may run more from March 2009 lows

Bulls may get more room to run this week on the anniversary of the March 2009 lows -- if U.S. stock investors see more signs of stability after Friday's rally on smaller-than-expected job losses.
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Global climate battle plays out in World Bank

The United States and Britain are threatening to withhold support for a $3.75 billion World Bank loan for a coal-fired plant in South Africa, expanding the battleground in the global debate over who should pay for clean energy.

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