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Sputtering Global Economy Keeps Gold Near $1,900

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Gold rallied almost 2 percent to a record near $1,900 an ounce on Monday as a sputtering global economy boosted expectations for further monetary easing, raising bullion's appeal as a hedge against inflation.

HP, Apotheker Defend Strategy Shift; Stock Rebounds

Former HP CEO Leo Apotheker
HP rebounded a bit on Wall Street Monday as company executives including CEO Leo Apotheker went on a global mission to explain to major investors why the company is drastically changing its mission. Apotheker flew to London to begin selling his new vision of the company and other company leaders, including CFO Cathie Lesjak and Chairman Ray Lane made dozens of calls to answers questions about HP's new and controversial strategy.
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Credit Suisse to Buy All of Hedging-Griffo-Report

Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.
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Egypt and Israel Try to Calm Crisis over Border Killings

Egypt and Israel tried Sunday to defuse a diplomatic crisis over the killing of five Egyptian security personnel during an Israeli operation against cross-border raiders, as crowds of Egyptians protested angrily at the Israeli Embassy in Cairo.
Market Woes.

Layoffs Sweep Wall Street, Along with Low Morale

In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.
Cisco Cius

HP Exits Tablets, Smartphones; Is Cisco Next?

Though Cisco's Cius tablet, created for the enterprise combining voice, video, collaboration and virtualization capabilities in a single portable device, may finally end up as a doctor's device than supporting any generic usage.
Verizon strikers in Riverhead, L.I.

Verizon Workers Relent, to Go Back to Work

Verizon Communications Inc. announced on Saturday that their workers have ended their two-week strike and agreed to return to work from Tuesday under previous contract.
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Four Dead in Pittsburgh Flashfloods; Mother and Two Daughters Among Victims

A freak flash flood caused by heavy rainfall in Pittsburgh, killed at least four people.The body of the possible fourth victim has been found, authorities said on Saturday. The heavy deluge overwhelmed the city's sewer system during rush hour, submerging dozens of vehicles along a street near the Allegheny River.
A trader works the floor of the New York Stock Exchange in this file image

Death Cross Rocks Wall Street

Before the stormy trading of August, many stock investors probably thought death cross was the name of some heavy metal band.
Hewlett-Packard

As HP Tries to 'Reinvent' Company, Investors Turn Away

Hewlett-Packard no longer likes the PC business, but investors aren't liking HP at the moment on that news. One day after HP said it is considering shedding its PC unit, which currently comprises 30 percent of company sales, investors shed the company's stock, sending HP shares plunging to near six-year lows.
Bank of America

BofA cutting 3,500 jobs this quarter

Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.
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Susan Powell Missing: Search Begins Again

A high-profile search of the Nevada desert for 28-year-old Susan Powell, the woman who vanished in December 2009, was conducted due to important and credible new insight into the case. Forty-five detectives and other investigators searched a region outside of Ely, Nev. Friday.
Hewlett-Packard

HP Restructuring: Top 5 Challenges

Technology giant Hewlett-Packard (NYSE:HPQ) announced a series of developments Thursday, including the potential spin-off of its personal computer business.
An HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva

HP's Bold Move: CEO Apotheker Reinventing Company

In a bold move, Apotheker -- who took the job as HP CEO in November -- has decided to spin off the company's PC unit that accounted for 30 percent of sales in the most recent quarter. But it's not hard to understand why, since HP's PC unit, despite being the largest in the U.S., generated only a 5.9 percent operating margin.

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