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Spot Gold Drops by $94

Spot gold suddenly dropped 2 percent Wednesday to as low as $1,826, nearly $100 off the all-time high above $1,920 hit in the previous session, tracking heavy losses on U.S. gold futures on technical selling.
The Standard and Poor's building is seen in New York

S&P Met with Bond Investors before U.S. Downgrade: Report

Ratings agency Standard & Poor's officials privately met with large bond investors weeks before the firm's U.S. debt downgrade, leaving some believing the chance of a rating downgrade was higher than they had previously thought, the Wall Street Journal said.
Dunkin' Brands

Dunkin' IPO Underwriter Gives 'Sell' Rating

Investors as well as donut and coffee fans might remember last month when Dunkin Donuts' IPO was the hottest thing on Wall Street. The stock had gained 42 percent since Dunkin' Brands Group Inc.'s initial public offering in July. But now one of the banks that managed the IPO has issued a "sell" rating on the company which operates Dunkin' Donuts and Baskin-Robbins stores.
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Equity hedgies sweat on returns after choppy summer

Many jittery hedge funds are clinging to core stock holdings in the hope that a rebound in equity markets in the final four months of the year will save the $2 trillion industry from its second calendar year of losses in just four years.
Mike Lazaridis, president and co-CEO of Research in Motion

RIMM: Could New Investor Demand Make it Motorola Redux?

Ontario-based Jaguar Financial has bought into RIMM and wants a shake-up. CEO Victor Alboini told IBTimes the current management is putting all its eggs in one basket and is not meeting the competition from Apple and others.
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European Markets Stabilize after Monday's Plunge

European financial markets steadied Tuesday, with the euro jumping against the Swiss franc, after a sharp sell-off a day earlier due to fears for the euro zone's future and that of its banking sector.
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Settlement Offer Reported over Banks' Mortgage Policies

State prosecutors accusing major U.S. banks of improper mortgage practices have offered them a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.
A Bank of America sign is displayed outside a branch in Tucson

U.S. Banks Offered Deal over Lawsuits: Report

Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.
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Nearly 40 Percent of Europeans Suffer Mental Illness

Europeans are plagued by mental and neurological illnesses, with almost 165 million people or 38 percent of the population suffering each year from a brain disorder such as depression, anxiety, insomnia or dementia, according to a large new study.
China to U.S.: Currency Bill Would Provoke a Trade War

China yuan helps curb inflation -Zoellick

The yuan's recent gains are helping to tame China's inflation but it is too early to conclude that Beijing has won its battle to cool price pressures, World Bank President Robert Zoellick said on Monday.
U.S. Stock Market

Is the Dow Headed Higher or Lower?

To say it's been a discomforting time for U.S. stock investors lately would be an understatement. Europe debt concerns, a tepid U.S. economic recovery that’s not creating enough jobs, and now Hurricane Irene’s damage has jolted institutional investors. Given the above, where’s the Dow headed from here?
Syrians living in Jordan shout slogans against Syrian President Bashar al-Assad after morning prayers on the first day of Eid Al-Fitr outside the Syrian embassy in Amman

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.

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