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Wall Street drops on euro-zone downgrade chatter

U.S. stocks were on track to end the week with modest gains as major indexes pulled back from session lows after falling more than 1 percent on Friday on talk that Standard & Poor's was ready to downgrade ratings on several euro-zone countries.

Merkel Broadens Diplomatic Drive for EU March Summit

German Chancellor Merkel speaks during news conference after talks with Italian Prime Minister Mario Monti at Chancellery in Berlin
German Chancellor Angela Merkel will gather the leaders of Austria, Sweden and Portugal next Thursday in a bid to broaden consultations on key European Union issues after criticism about Germany and France making too many big decisions themselves.
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Societal Momentum Pushing America Toward Inability to Self-Govern

Societies and nations are very much like people in how stubborn and resistant to change they are. Few forces are actually capable of suddenly changing the base nature of people, on either a large or small scale, and it takes a great deal of sustained effort over a long period of time for them to change their own nature.
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At Nomura, Future Direction Hangs on Choice of Bhattal Successor

The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
French President Sarkozy arrives to visit German Chancellor Merkel at the Chancellery in Berlin

Merkel, Sarkozy Press for Quick Greek Solution

Germany and France warned Greece on Monday it will get no more bailout funds until it agrees with creditor banks on a bond swap and pressed for an early deal to avert a potential default in the Eurozone's most debt-stricken nation.
General Motors

GM Cadillac ATS to Challenge German Luxury Brands

American automotive manufacturer General Motors (GM) has thrown down the gauntlet to reigning luxury brands in the market like German companies BMW and Mercedes Benz, by unveiling its compact Cadillac ATS sports sedan.
People wait in line for the opening of a government employment office in Madrid

Merkel and Sarkozy Meeting to Seek Growth, Jobs for Eurozone

The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
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Cameron: I'll Veto Europewide Tax on Transactions

British Prime Minister David Cameron said Sunday he would veto a European-wide financial transaction tax unless it was adopted globally, deepening a confrontation with European Union heavyweights France and Germany.

Iran Moving Nuclear Work to Deep Mountain Bunker

Iran will in the near future start enriching uranium deep inside a mountain, a senior official said Sunday, a move likely to further antagonize Western powers that suspect it is seeking nuclear weapons capability.
Italy's Industry Minister Corrado Passera attends the 4th annual New World conference in Paris

Italy Plans Gradual Liberalizations to Boost Its Economy

Italy plans gradual liberalizations in sectors ranging from energy to professional services to revive its ailing economy, the country's industry minister said on Sunday, ahead of meetings with European partners to discuss ways to stem the debt crisis.
Harry Burkhart, 24, is detained by the Los Angeles county sheriff's department on suspicion of setting dozens of fires across Los Angeles, in this file photo taken in West Hollywood

Rage against Americans cited in L.A. arson case

A German citizen was charged on Wednesday with setting dozens of fires across Los Angeles over the New Year's weekend in a spree an arson investigator said was motivated by a rage against Americans.
Five U.S. Stocks

Five U.S. Stocks for the Long Haul

Has the U.S. stock market's gyrations left you feeling a little perplexed? Then consider the stocks of large-capitalization companies with demonstrated business models. And here are five.
France's President Sarkozy talks with Germany's Chancellor Merkel at a European Union summit in Brussels

Sarkozy and Monti Urge Unity in Euro Crisis

Italian Prime Minister Mario Monti warned the European Union on Friday not to let divisions over managing its debt crisis blow up into serious splits, and President Nicolas Sarkozy warned that a euro collapse could trigger instability.
European Central Bank governing council member and Cyprus Central Bank Governor Athanasios Orphanides addresses parliament in Nicosia

ECB's Orphanides Wants to Stop Making Banks Pay for Greece

European Central Bank policymaker Athanasios Orphanides called for Eurozone leaders to abandon plans to make private sector investors help reduce Greece's debts - a move likely to get little traction with the currency bloc's paymaster, Germany.
Iranian President Mahmoud Ahmadinejad gestures during his visit to speak in Shahrekord in Chahar Mahal and Bakhtiari province

Iran Wants Nuclear Talks in Turkey

After more than a month of posturing, Iran said it's ready to restart nuclear talks with the European Union, adding that Turkey would be the best place for a dialog.
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Eurozone Funding Fears Hang over Stocks, Currency

Concern about the appetite for Eurozone sovereign debt pushed European stocks lower and hit the single currency on Thursday, with the first French bond auction of 2012 set to test how much progress policymakers have made in easing tensions.

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