UNITED STATES

Nasdaq, BATS to voluntarily stop flashing orders

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The Nasdaq Stock Market and BATS Exchange said in separate statements on Thursday they will voluntarily stop offering so-called flash orders, a controversial service that gives certain firms an advance look at market-bound trading orders.

Daily Wrap Up - August 6 - Energy

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The U.S. Department of Energy announced Thursday, $377 million in funding for research centers across the country to advance solar energy, biofuels, transportation, energy efficiency, electricity storage and transmission, clean coal and carbon capture and sequestration, and nuclear energy technologies.
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Sprint plans to sell AM-OLED phones from Samsung

Sprint Nextel will sell Samsung Electronics phones including an advanced display technology that will improve battery life and video and photo quality, according to executives for the companies.
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Ex-AIG CEO Greenberg pays $15 million to settle with SEC

AIG's former CEO Maurice Hank Greenberg agreed to pay $15 million to settle government accusations that he altered AIG's financial records to inflate its earnings between 2000 and 2005, U.S. securities regulators said on Thursday.
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FTC cracks down on oil market manipulation

Energy traders and companies will face fines of up to $1 million a day if they manipulate oil markets, the Federal Trade Commission ruled on Thursday in a crackdown on fraud that they said causes widespread damage to the U.S. economy.
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Judge blocks Bank of America-SEC bonus settlement

A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp over executive bonuses, the latest twist in the bank's star-crossed takeover of Merrill Lynch & Co.
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Bill Clinton briefed White House on N. Korea visit

Former U.S. President Bill Clinton has briefed on official from the White House's National Security Council about his trip to North Korea where he met face to face meeting with North Korean leader Kim Jong-il, a White House spokesman said on Thursday.
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GM to launch Buick plug-in SUV in 2011

General Motors Co unveiled plans to launch a plug-in SUV for its Buick brand in 2011, its latest move away from gas-guzzling vehicles in response to higher fuel-economy standards.
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Mid-day Minute - August 6 Tech

Twitter Inc., the fast-growing microblogging service, was inaccessible Thursday morning, struck by a denial-of-service attack, the company said on its status blog. Meanwhile, Facebook's site has been sluggish and unresponsive on Thursday.
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Drop in U.S. jobless claims buoys recovery hopes

The number of laid-off U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.
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Goldman Sachs' Cohen: New bull market has begun

U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Goldman Sachs strategist Abby Joseph Cohen said on CNBC on Thursday.
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FTC issues rule to fight oil market manipulation

The U.S. Federal Trade Commission on Thursday issued a final rule to fight oil market manipulation, saying such fraudulent conduct can have wide-ranging ramifications throughout the U.S. economy.
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Will cash for clunkers program continue?

The U.S. Senate is expected to vote on Thursday for an extension of $2 billion for the Cash for Clunkers program that is quickly consuming its first $1 billion investment sooner than expected.

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