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report: Goldman's new money machine: warehouses

In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.
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Fujitsu IS12T

Microsoft Pushes 'Mango,' Fujitsu First Aboard

On Tuesday Microsoft said that it put the final touches on its latest mobile operating-system, dubbed Mango, setting the stage for Fujitsu on the other side of the world to announce it would be first to use it.
A woman walks past a banner with the logo of Juniper Networks Inc. covering the facade of the New York Stock Exchange 29/10/2009

Juniper tumbles as it catches Cisco "flu"

Investors punished Juniper Networks (JNPR.N) by selling its shares after the networking equipment maker joined Cisco Systems Inc (CSCO.O) in warning that this year's results will miss Wall Street projections.
Fujitsu IS12T

Fujitsu First to Taste Microsoft's 'Mango'

Just as Microsoft announced that it was done coding its new Windows Mobile Platform -- dubbed Mango -- Fujitsu of Japan rolled out the first prototype using the anticipated software.
Senate Republicans

Rival U.S. Debt Plans in Doubt

Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday, but with the fate of both proposals heavily in doubt top lawmakers pursued a behind-the-scenes compromise to avert a crippling U.S. default.
U.S. House Speaker John Boehner, R-Ohio

Bid to break debt impasse faces new obstacles

A Republican proposal to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of a debt default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
File photo of Japanese 10,000 yen notes and $100 dollar notes at the main office of the Korea Exchange Bank in Seoul

Japan Mulling FX Intervention

Japanese authorities know there is not much they can do to turn a broad weak-dollar tide so will judge any intervention a success if it keeps speculative action from driving up the yen too far and too fast.
U.S. President Barack Obama (R) and House Speaker John Boehner (R-OH)

Obama seeks "Plan B" as debt plans stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
Washers and dryers are seen on display at a store in New York

June Durable Goods Orders Fall on Transportation

New orders for long-lasting U.S. manufactured goods fell in June and a gauge of business spending plans slipped, supporting views that the economy will not emerge quickly from its current soft patch.
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Internet Umbrella: Future of Browsing While on the Move in Rain

The Internet Umbrella acts as a video monitor displaying images from the Internet as the user walks along. The handle of the umbrella fitted with a projector transmits images to the underside of the umbrella so the user can watch it alive while walking in rain.
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Gold Up on Lack of US Debt Progress; Stocks flat

Gold prices hit a record high at more than $1,623 an ounce and Asian stock markets were largely flat, as news out of Washington indicated politicians were making little progress in ending the deadlock over lifting the U.S. debt ceiling.
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Dollar falls, gold rises with no US debt progress

Asian stocks and the U.S. dollar fell on Wednesday while gold hit a record high at more than $1,623 an ounce, as a drip feed of news out of Washington indicated politicians were making little progress on a plan to lift the U.S. debt ceiling.
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How to play it: Swiss francs, gold thrive in debt crisis

It's not too late to find investor-friendly exchange-traded funds specializing in safe-haven currencies and precious metals, experts say, though the August 2 deadline for raising the U.S. debt ceiling is days away. For more intrepid individuals, there are even some tech ETFs that seem to be holding their own.
U.S. Federal Reserve Chairman Ben Bernanke

If U.S. Government Defaults, What Will the Fed Do?

Assuming President Barack Obama and Congressional Republicans can not resolve the debt deal dispute in eight days, the unfathomable will happen -- a default by the U.S. Government. But that begs the question: what will the U.S. Federal Reserve do, if the U.S. Government defaults?
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Norway killer praises Japan as model country: report

The confessed killer of 76 people in Friday's bomb and gun attacks in Norway described Japan as a model country in a document he distributed on the Internet, praising it for shying away from multiculturalism, Kyodo news agency reported.

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