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Microsemi Says Could Walk Away from Zarlink Bid

Chipmaker Microsemi Corp(MSCC.O) has dared takeover target Zarlink Semiconductor (ZL.TO) to show it can get a bid higher than the C$550 million ($561 million) it has offered, saying it is willing to walk away from the bid.

EU Sanctions Target Syrian Oil Companies

The European Union imposed a ban on purchases of Syrian oil on Saturday and targeted three Syrian firms in an expanded sanctions list meant to intensify pressure against President Bashar al-Assad's government.

New Congress Deficit Panel Sets First Meeting

A newly-formed congressional panel on deficit reduction next week will kick off months of arduous negotiations that will be closely watched by financial markets hoping for a deal that puts the United States on an improved fiscal path.

Palin Sees Room for More White House Candidates

Former Alaska Governor Sarah Palin said on Friday there was room for more candidates in the presidential race, but stopped short of announcing whether she would launch her own bid for the White House.

Goldman Faces Myriad Legal Challenges

Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.

Irene Floods Northeast, Manhattan Spared the Worst

Hurricane Irene swept through Manhattan on Sunday but reserved the worst of its fury for towns and suburbs up and down the northeastern United States where driving rain and flood tides inundated homes and cut power to millions.

Obama and Merkel Vow Action on Global Economic Woes

U.S. President Barack Obama and German Chancellor Angela Merkel discussed the eurozone crisis and financial-market turbulence on Saturday and vowed action to bolster the global economy, the White House said in a statement.

Angels' Long Bombers Sink Rangers

The Los Angeles Angels launched five home runs in a crucial 8-4 victory over Texas on Saturday to reinvigorate their pursuit of the first-place Rangers in the American League West.

Bolt and Bekele Beaten as Blake Takes 100

Usain Bolt and Kenenisa Bekele relinquished their world titles on Sunday when the world's fastest man and the most successful distance runner false-started and failed to finish in the 100 and 10,000 metres finals.

Obama Declares August 26 Women's Equality Day

President Barack Obama declared August 26 -- the 91st anniversary of the Constitutional amendment that granted women the right to vote -- Women's Equality Day in a proclamation on Thursday.

Irene Cuts Power to 3.3 mln, Shuts Nuclear Plants

Hurricane Irene knocked out power to 3.3 million homes and businesses along the U.S. East Coast, forced two nuclear plants to shut and idled oil ports and refining as it approached New York City early on Sunday.

Obama Visits FEMA as Irene Nears Washington

President Barack Obama visited Federal Emergency Management Agency headquarters on Saturday to get an update on preparations for Hurricane Irene as it charged north along the U.S. East Coast.

Ferocious Hurricane Irene Batters New York

Hurricane Irene battered New York with ferocious winds and driving rain on Sunday, shutting down the U.S. financial capital and most populous city, halting mass transit and causing massive power blackouts as it churned slowly northward along the eastern seaboard.

Quake? Irene? TV Crew Wants to Keep Building in Delaware

Building a house in a week is always a challenge for the 60 crew members who work on the ABC reality show Extreme Makeover: Home Edition, but this week they faced a double whammy: first an earthquake, then a 600-mile wide hurricane named Irene.

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