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Obama Dials Up Boehner, Calls for Payroll Tax Cut Deal

President Barack Obama needs several factors to break his way to improve his chance for re-election in 2012 -- the most important of which is U.S. job growth.
President Barack Obama tried to budge a Congress currently deadlocked over how to bridge a divide between Senate and House plans for extending the payroll tax cut, with both sides seemingly stubborn in ceding middle ground.
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The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo

Japanese Prosecutors Raid Olympus over Accounting Scandal

Japanese prosecutors raided offices of Olympus Corp and the home of a former executive Wednesday in a probe into a $1.7 billion accounting scandal that has threatened the survival of the once-proud camera and medical equipment maker.
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CA sperm donor at odds with federal regulators

An electronics company engineer who the U.S. government considers a one-man sperm bank has fathered an estimated 14 children through free donations of his semen that he advertises over the Internet.
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James Cameron sued over Avatar again

Avatar director James Cameron has been sued for the second time in nearly as many weeks by someone claiming to have come up with the idea for the sci-fi mega-hit.
Attorney General of California Kamala Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles

California Attorney General Sues Fannie Mae, Freddie Mac

California Attorney General Kamala Harris on Tuesday sued Fannie Mae and Freddie Mac after the mortgage companies' regulator, the Federal Housing Finance Agency (FHFA), tried to block subpoenas seeking mortgage information.
Vanessa Bryant

Vanessa Bryant Could Get Half of Kobe Bryant's Money in Divorce

Kobe Bryant should have had a prenuptial agreement with his wife, Vanessa Bryant, if he wanted to keep most of his money, legal experts say. But apparently that wasn't the case, and Kobe Bryant's wife, Vanessa, could end up with a massive divorce settlement.
Ben Bernanke

Fed Loads Up Balance Sheets, Begins Europe Bailout On Same Week It Promises Not To: Data

Last week Federal Reserve chairman Ben Bernanke told federal lawmakers that no bailout of Europe was forthcoming and ended a monthly meeting of the central bank’s top decision-making body by pointedly rejecting a new round of quantitative easing. Data released by the Fed reveals that, at least partially, the organization spent the week engaging in exactly those actions.

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