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France, Belgium Set to Finalize Dexia Breakup

The logo of Belgian-French financial services group Dexia is seen at the bank headquarters in central Brussels
France and Belgium are set to finalize the breakup Sunday of Dexia, the first bank to fall victim to the Eurozone sovereign debt crisis, with global credit risk exposure of 512 billion euros ($691 billion).
Steve Jobs

Report Says Steve Jobs Funeral Held Friday; New Book Says Jobs 'Driven by Demons' to Success

Hailed as one of the world's greatest visionaries and innovators,the death of Apple co-founder and long-time CEO this week moved much of the world in rememberance and appreciation of the innovator and consumer technology pioneer. Jobs, who died on Wednesday at the age of 56 after a long battle with illness, was reportedly memorialized in a private funeral ceremony.
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Steve Jobs

Steve Jobs Biography Reveals: Jobs 'Driven by Demons' to Success

Before its scheduled October 24 release, the first authorized biography of Apple co-founder and long-time CEO Steve Jobs who died on Wednesday has shot to number one in sales through pre-orders at Amazon and Barnes & Noble. Published by Simon & Schuster, Steve Jobs is a 656-page work by Walter Isaacson which details Jobs as driven by demons.
RBS

Moody’s Downgrades 12 British Banks

Moody’s believes that the UK government will “more likely now … allow smaller institutions to fail if they become financially troubled.” Shares of RBS and Lloyds were down as much as 3.5 percent in London trading.
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Apple Fans Across the World Mourn Steve Jobs

When Apple announced the death of its co-founder and Chairman Steve Jobs Wednesday afternoon, friends, rivals, colleagues and even the President all responded swiftly to pay tribute and express sadness.
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Steve Jobs: Agent of change

It’s probably fitting that on the day Steve Jobs died the company he co-founded was vying for the crown of most valuable with Exxon Mobil, the legacy of an earlier titan of commerce, John D. Rockefeller. In the early 20th century it was Rockefeller who had the vision to remake entire industries and help modernize the U.S. economy while creating vast fortunes in the process.
ABSA

Absa merges units in line with Barclays structure

Absa Group, the South African bank majority owned by British lender Barclays, said it would merge its business and retail banking units and has also created a small team of Barclays and Absa executives to lead its expansion across the continent.
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Friendly's Files Chapter 11 Bankruptcy; Closes 63 Stores

Friendly's parent company filed for Chapter 11 bankruptcy in Delaware. Friendly Ice Cream Corp. closed 63 of its 500 Friendly's family restaurants as the company seeks to reorganize its troubled business stung in part by the economy.
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Apple Unveils New iPhone -- and It's Not iPhone 5

New Apple CEO Tim Cook began his first product launch on Tuesday at Apple's headquarters in Cupertino by trumpeting all of his company’s successes, but after almost an hour of self-promotion and smaller updates, Apple unveiled its latest iPhone, the 4S.

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