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Kweku Adoboli: Is UBS Doomed?

UBS $2 billion rogue trade suspect held in London
Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.
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Southern California union takes major step toward strike

The union representing many of the 62,000 workers at Ralphs, Vons and Albertsons supermarkets in southern California issued a required 72-hour notice of its plan to cancel its extended contract, a move that could pave the way for a strike.
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Gold Down As European Leaders Take Action on Debt Crisis

Gold fell by nearly 1 percent on Tuesday after European leaders appeared to take a fresh step toward quelling the euro zone debt crisis, which dented other safe-haven assets, in spite of more data highlighting the fragility of the U.S. economy.
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Retail sales flat as confidence crumbles

Growth in retail sales stalled in August, hurt by a pitched battle over spending in Congress and raising fresh questions about the country's ability to steer clear of a double-dip recession.
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August retail sales flat

Growth in retail sales stalled in August after a pitched battle over spending in Congress undermined faith Washington could steer the country clear of a double-dip recession, data showed on Wednesday.
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SEC Examines Rules on Raising Private Capital

The top U.S. securities regulator has formed an advisory panel of fast-growing companies and venture capital funds as it reviews whether it needs to update rules on how private companies can access public investors.
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LivingSocial/Whole Foods, Missoni/Target: Hot Deals, Products Can Cause Consumer Angst

The Internet is blazing Tuesday with two red hot retail deals that some consumers can't get enough of and some consumers have already had enough of. One is the Whole Foods/LivingSocial deal offered Tuesday, in which the daily deal company is offering a $10 coupon for $20 in food. The other is the launch of Missoni for Target line of clothing and accessories.
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Cargill Announces Second Turkey Recall

Cargill Inc said on Sunday that it will recall ground turkey products at one of its U.S. facilities for the second time in two months after a U.S. government body found salmonella contamination.
Will the new Amazon tablet will bean  Android-powered Kindle?

Amazon's Big Tablet Plan: Low Priced Product, Discounted Subscriptions

Amazon is about to launch a consumer tech battle with its highly-anticipated new tablet, expected to be launched in October, and the company is likely to try to win customers for its new product through a low product price-point and an annual content subscription model that will let readers have free access to older books and streaming movies and TV shows.

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