UNITED STATES

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Stock indexes dip to 12-year lows

On March 5, America saw its stocks plummet to their lowest levels in more than 12 years as one of the world's most well known banks, and an icon of American manufacturing traded like money on monopoly board game.

Roche ups Genentech bid to $45.7 billion

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Roche Holding AG has raised its offer to buy out the minority shareholders of U.S. biotech group Genentech Inc to $93 a share from $86.50 and extended its offer to shareholders by a week.

World's Craziest Party Towns

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Go ahead—get crazy in these 10 festive hot spots around the globe. You won’t be alone. “Goths in black leather sit next...
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Madoff takes first step to plea

Accused swindler Bernard Madoff took the first public step to a guilty plea on criminal charges of running a $50 billion investment fraud over many years, according to court papers on Friday.
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U.S. gears up for digital TV switch now on June 12

With about three months to go, U.S. regulators say some consumers are still unprepared for the television industry switch to digital broadcasting, which will affect Americans who do not receive their signals through cable or satellite.
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South Korea urges North to retract airliner threat

South Korea told the North on Friday to immediately withdraw a threat it made against the South's commercial airliners, which has forced them to stop flying near the airspace of the reclusive communist state.
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Wall St. rebounds on energy and bank stocks

Stocks rose on Friday as a climb in commodity prices sent shares of natural resource companies higher and a dividend cut at Wells Fargo lifted banks, offsetting more bleak news about the labor market.
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GE shares up after analysts say big writeoffs unlikely

General Electric Co shares rose 5 percent on Friday after analysts at Merrill Lynch and BernsteinResearch said they did not see the U.S. conglomerate sharply marking down assets in its hefty finance arm in the near future.
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Citigroup to sell stake in Japan broker Monex

Citigroup plans to sell its 26 percent stake in Japanese online broker Monex Group Inc as part of the struggling U.S. bank's efforts to raise cash, the Yomiuri newspaper reported on Friday.
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U.S. economy sheds 651,000 jobs in February

U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing no signs of ending, according to a government report.
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Citadel marketing new fund with lower fees: report

U.S. hedge fund Citadel Investment Group LLC plans to roll out several new funds, including one with lower fees that will aim to make money on currencies, interest rates and other trades based on broad economic trends, the Wall Street Journal reported.
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Millions of U.S. consumers not ready for HD

With about three months to go, U.S. regulators say some consumers are still unprepared for the television industry switch to digital broadcasting, which will affect Americans who do not receive their signals through cable or satellite.

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