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Stocks fall, gold at record high on US debt crisis

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Stocks slipped while the Swiss franc rose and gold hit a record high on Monday as hopes for a political deal to avert a U.S. default began to fade, though investors were mostly seeking to protect their portfolios with no signs of panic selling.
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Caterpillar profit misses, shares fall

Heavy machinery maker Caterpillar Inc disappointed Wall Street with a second-quarter earnings miss on Friday, hurt by higher costs for raw materials and labor, and its shares fell 6.5 percent in morning trading, dragging down the U.S. stock market.
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Goldman's profit engine stalls; shares fall

Goldman Sachs Group Inc rattled investors with earnings that fell far short of expectations because of sharp declines in bond trading revenue, long a key source of profits for the investment bank.
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James Murdoch BSkyB role clouded, News Corp shares fall

James Murdoch's future as chairman of British Sky Broadcasting was thrown into doubt on Monday after minority investors called for a corporate governance health-check of its board in the wake of the News Corp phone hacking scandal.
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Stocks, euro fall as debt fears grow

World stocks and the euro fell while gold hit record highs on Monday as disappointment over financial health checks on European banks and escalating U.S. and euro zone debt problems sent investors scrambling for safe haven assets.
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Jobless claims fall, but retail sales timid

The economy may not see a strong pick-up in growth in the second half of 2011 as the number of Americans filing for first-time jobless benefits remained high last week and retail sales barely rose in June.
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Jobless claims fall, retail sales edge up

The number of Americans claiming initial unemployment benefits dropped last week, but remained elevated and retail sales barely rose, suggesting the economy would struggle to regain speed in the second half.
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Obama, lawmakers fall short on debt deal

President Barack Obama and top lawmakers fell short on Monday of finding enough spending cuts for a deal to avoid an August 2 debt default and Republicans came under fresh pressure to agree to tax hikes.
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Could Murdoch deputy Hinton take the fall?

Les Hinton was adamant. Asked in 2007 by a British parliamentary committee whether the News of the World had carried out a full, rigorous internal inquiry into the use of illegal phone hacking by the newspaper and was absolutely convinced it was limited to a single reporter, Hinton did not hesitate.
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Private hiring picks up, jobless claims fall

U.S. private employers stepped up hiring in June and the number of Americans filing for jobless benefits fell last week, strengthening views the economy is positioned for a pick-up in the second half.
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New jobless claims fall last week

New U.S. claims for unemployment benefits fell more than expected last week, government data showed on Thursday, but distortions associated with the holiday weekend and a government shutdown in one state made it difficult to get a clear view of the labor market.
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Euro struggles and China banks fall on Temasek

Chinese banking shares fell for a second day on Wednesday, while the euro clawed back losses but was still seen at risk after Moody's slashed Portugal's credit rating to junk status, reigniting fears that it may need a second rescue package.
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Rumor Reloaded: What are Apple's iPhone 5 Features?

There are conflicting reports about iPhone 5’s release date. However, a whole lot of possible iPhone 5 features have been revealed through several sources, image leaks and estimates by analysts and industry experts. Following is detailed look at what your spanking new iPhone 5 will look and feel like when it hits shelves in September, as some experts say, or sometime in 2012:

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