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Insider trading case of 2007 led to Galleon

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The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.
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Sports could be battleground for Comcast/NBC deal

Sports programing, a must-have for U.S. cable operators, could end up being the center of a battle between Comcast, NBC Universal and the companies' critics as regulators assess the joint venture's impact on consumers.
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Sovereign debt fears, economy sink stocks

NEW YORK - Stocks tumbled on Thursday as the number of Americans claiming jobless benefits rose unexpectedly and renewed fears of sovereign debt problems in Europe led investors to dump riskier assets.
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BofA adds property unit to Asia-Pacific hiring spree

Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
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U.S. opens formal investigation of 2010 Prius brakes

Safety regulators opened a formal investigation into consumer complaints about braking on 2010 Toyota Prius hybrids, the latest jolt to the automaker already reeling from massive recalls and intensified safety scrutiny.
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Poet CEO says U.S, cellulosic rule prudent

The chief executive of Poet, the top U.S. ethanol maker, said companies are committed to producing next generation cellulosic ethanol even though the U.S. government has slashed mandates on how much of the fuel will be required to be produced this year.
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Monster US online jobs index falls in January

A monthly gauge of online labor demand in the United States fell slightly in January as online recruitment activity remained subdued at the start of the year, a private research group said on Thursday.
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Stocks slide on jobs data, commodities

U.S. stocks gave up more than 2 percent on Thursday after data showed new applications for jobless insurance rose unexpectedly last week, and basic materials shares sank as a rising U.S. dollar hit commodity prices.
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Jobless claims rise but productivity stays high

The number of workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were getting close to adding to payrolls.
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US 30-yr mortgage rates keep hovering around 5 pct

U.S. fixed mortgage rates eked out small increases in the past week, but the average 30-year loan held at around 5 percent, fostering affordability, home funding company Freddie Mac said on Thursday.
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GMAC posts $5 billion Q4 loss

GMAC Financial Services, a lender that has received more than $16 billion from the U.S. government across multiple bailouts, said it lost $5 billion in the fourth quarter after writing down bad mortgage assets.
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Oil falls below $75 on signs of weak demand

Oil fell by more than $2 to below $75 a barrel on Thursday as rising crude inventories and higher unemployment figures in the United States dampened expectations for stronger demand.
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Health spending to get bigger share of economy

Economists at the Centers for Medicare and Medicaid Services, known as CMS, said in a new report that the national healthcare spending will grow an average 6.1 percent a year over the decade to $4.5 trillion in 2019, about 1.7 percent faster than the overall economy.
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Oil falls below $76 on signs of weak demand

Oil fell by more than $1 to below $76 a barrel on Thursday as rising crude inventories and higher unemployment figures in the United States dampened expectations for stronger demand.
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6 Mobile Musts for Your Online Business

According to a recent study by comScore, the number of people in the U.S. using multipurpose smartphones such as iPhones, Blackberries, and Droids more than doubled last year.
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Do entrepreneurs need education?

Mark Zuckerberg created Facebook from his Harvard dormitory, but after the social networking website exploded in popularity, he promptly quit school and became a full-time entrepreneur.
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Stocks set to fall on jobs data, euro zone woes

Wall Street was set to drop nearly 1 percent at the open on Thursday after new applications for jobless insurance rose unexpectedly, adding to worries over sovereign debt in some euro zone countries that kept investors away from risky investments, including equities.

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