MARKETS / FINANCE

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Trash, astronauts caught up in budget fight

Trash could pile up in the streets of the capital, the Statue of Liberty will close and astronauts will stay home if the Congress fails to reach a budget deal and the government shuts down.

View from editors in the Americas

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U.S. BUDGET CRISISDemocrats and Republicans will have to deal with the fallout from the past week's bitter partisan budget brinkmanship, regardless of whether it drives the federal government to shut down. We will assess who lost most from the crisis, with a Reuters/IPSOS poll on Tuesday. We will also feature an in-depth look at the performance of Republican House Speaker John Boehner, who had to...
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Market falls in late sell-off, volume light

U.S. stocks fell late on Friday as a spike in oil prices revived worries that inflation would derail the recovery, jolting a market that had been treading water ahead of corporate earnings.
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SEC wrestling with private trading rules

U.S. securities regulators are conducting a broad review of share issuance rules for private companies, including the 500-shareholder threshold meant to mark the transition to public ownership.
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Google, ITA decision could come Friday: sources

The Justice Department will likely announce a deal on Friday with Google that would allow it to buy an airline ticketing software company while requiring that ITA Software's products remain available to Google's rivals, a source close to the deal said Friday.
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Wholesale inventories up, sales fall

U.S. wholesale inventories rose in February, but sales unexpectedly fell to post their largest decline in nearly two years, a government report showed on Friday.
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Budget deal elusive, government shutdown looms

With a midnight deadline approaching, the White House and Congress scrambled on Friday to break a budget impasse that threatens to shut down the government and idle thousands of federal workers.
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Jefferies raises $490 million in stock offering

Jefferies Group Inc said on Friday it raised $490 million in stock and will issue additional debt, which analysts expect the company to use to finance the acquisition of Prudential's commodities and derivatives trading business.
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Wall St flat as investors chase commodity stocks

Higher commodity prices drove a bid for materials and energy stocks in an otherwise lackluster session on Friday, ahead of the start of the corporate earnings season, seen as the next catalyst to drive stocks higher.
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Silver's Long-Run Value

Silver is a very different market to gold. Most crucially, there's no commonly accepted benchmark value - such as a suit of men's clothes for an ounce of gold - against which to measure silver across time.
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Fed's policy divide seen in views of two officials

Dueling views on the outlook for inflation and U.S. monetary policy by two top Federal Reserve officials on Friday underscored divisions at the central bank as it nears the end of a controversial stimulus program.
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Oil holds above $124 after Libyan strikes

Oil hit a 32-month high above $124 Friday after attacks on Libyan oil fields raised the prospect of long-term supply cuts, with commodities in general rising on optimism global economic recovery will fuel demand.
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Expedia plans to split into 2 companies

Expedia Inc, the largest online travel agency, said it plans to split into two publicly traded companies through a proposed spin-off of its TripAdvisor business, and its shares shot up 13 percent in after-hours trading.
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Budget deal elusive as negotiators scramble

Facing a midnight deadline, the White House and Congress worked furiously on Friday to break a budget deadlock and avoid a federal government shutdown, after President Barack Obama and congressional leaders failed to reach a deal in late-night talks.
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Portugal must agree harder reforms to get aid

Euro zone finance ministers told Portugal on Friday that it would have to implement new economic reforms that went beyond those proposed by its outgoing government if it hoped to secure aid from the EU and IMF.
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Special Report: Why London can live without its big banks

Let me be crystal clear, Barclays' star investment banker and new Chief Executive Bob Diamond told members of the British parliament in January. We are going to be here in the United Kingdom, and this is the place that we want to succeed.
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Cerberus, Centerbrige eyeing Citi consumer unit: report

Cerberus Capital Management LP and Centerbridge Capital Partners are among the bidders for Citigroup Inc's U.S. consumer-lending unit, Bloomberg News reported on Thursday, citing three people with knowledge of the matter.
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Obama, Congress struggle to break budget impasse

President Barack Obama and congressional leaders failed to reach a deal to avert a government shutdown but narrowed their differences on Thursday in their struggle to overcome a bitter budget deadlock.

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