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Philip Levine named 18th poet laureate

Urban poet Philip Levine was named on Wednesday as the 18th poet laureate by the Library of Congress, which praised his writing for plain-spoken lyricism about working class Americans in Detroit.

Cisco surpasses low expectations, shares pop

Cisco Systems Inc (CSCO.O) forecast slim revenue growth this quarter, a pleasant surprise to investors bracing for a sharp pullback in global technology spending that sent its shares soaring 10 percent.

Gavin DeGraw out of hospital, cancels concerts

Singer Gavin DeGraw was released from a New York hospital on Tuesday after apparently being attacked by three men and hit by a taxi cab, causing a concussion, broken nose and numerous cuts and bruises.

Citi, BofA, Goldman lead financial stock swoon

The shares of Bank of America Corp (BAC.N), Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) skidded on Wednesday, renewing evidence that when the market sneezes financial stocks get pneumonia.

Most Americans say U.S. on wrong track: pol

Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said on Wednesday.

Banks drag Wall Street lower as fear returns

Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.

Fed to keep US rates low for 2 years, stocks jump

The U.S. Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks.

REFILE-S&P balks at SEC proposal to reveal rating errors

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings.

Wisconsin Republicans stave off recall challenge

Republicans narrowly retained their majority in the Wisconsin state Senate on Tuesday, staving off a strong recall election challenge from Democrats and union members angered by a new law curbing the power of organized labor.

Mother's blood test reveals baby's sex

Blood drawn from expectant mothers could offer parents an earlier sneak peek at their baby's sex than methods currently used in the U.S., researchers said Tuesday.

Kansas returns health insurance exchange grant

Kansas became on Tuesday the second U.S. state to return a large federal grant meant to help it create a prototype health insurance exchange as part of the Obama administration's healthcare overhaul.

Republican senators face recall vote in Wisconsin

Wisconsin voters cast ballots on Tuesday to decide whether to remove six Republican state senators in the nation's largest ever recall election that could signal trends for the 2012 presidential race.

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