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Flag hangs on the wall of the JP Morgan company stall on the floor of the New York Stock Exchange in New York

Weak Capital Markets Being Felt by JPMorgan Chase

JPMorgan Chase & Co. expects capital markets activity, both debt and equity, to decline by 30 percent and investment banking fees to decline to $1 billion in third quarter of 2011 from $1.9 billion last quarter.
Margaret Thatcher

British Unemployment: Far Worse During Early Days of Thatcher

In January 1982, the UK government reported that about 3.07 million Britons were out of work, or about 1 out of 8 adults. Yet while the current unemployment picture looks very grim indeed, it pales in comparison to what Britain faced 30 years ago.
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Spot Gold Reverses Gains as Equities Sag

Spot gold reversed early gains and lost half a percent on Wednesday following sagging equities, after rating agency Moody's downgraded two of France's top banks and fueled fears of a full-blown banking crisis in the euro zone.
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Oaktree Offers $670 Million for Jakks, Says May Go Hostile

Oaktree Capital Management Funds sent a letter to Jakks Pacific (JAKK.O) on Tuesday, outlining its intention to buy the toymaker and take it private in a $670 million deal, after repeated rebuffs from the company since the offer was made in March.
eBay Inc.

U.S. in Criminal Probe of eBay Employees

U.S. prosecutors have launched a criminal probe into whether eBay Inc employees took confidential information from classified ad website Craigslist as eBay sought to build a rival service, a copy of a grand jury subpoena obtained by Reuters shows.
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Windows 8: Has Microsoft Outdone Apple?

Microsoft unveiled Windows 8 at its Build conference in Anaheim today, demonstrating its operating system on PCs, laptops, and tablets. Will Microsoft finally be able to compete with Apple in the tablet space?
Fireworks explode during the arrival of National Transitional Council (NTC)

World Bank says to help with Libya rebuilding

The World Bank on Tuesday said it officially recognized the ruling National Transitional Council as Libya's government and had been asked to help lead efforts to restore vital services and develop jobs programs as the country tries to return to normal after a six-month war.

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