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Moody's outlook means downgrade possible in 12-18 mths

Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
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At Issue: U.S. Debt Deal

Debt Deal: Can ?Super Committee? Find $1.5 Trillion in Cuts?

Politicians and lobbyists exhausted from a bruising and tortuous debate over a debt deal are already turning their attention to a dozen-member Congressional "super committee" that will be responsible for laying out some $1.5 trillion in cuts. Will they be able to find them?
An iPhone is seen at the Apple store in New York

iPhone 5 Release Could Delay But As a 'Better Upgrade Than Expected,' Says Analyst

The pre-sale hype of rumors around iPhone 5 has gained some extension now that one report has claimed that Apple's next-generation iPhone will be released in October, not September.Hold your breath a little more - the iPhone 5 will be worth the prolonged wait, because the upgrade is now said to be more significant than expected.

Microsoft Plans to Make a 'Bing' for the Buck, Google Still Dominant

Not only is the Web-search giant Google at odds with Apple, Microsoft's assault on Google in Internet search and search advertising through their own search engine 'Bing' serves as another attack on the home front and as competitive challenges in the technology industry grow.
The Bank of Korea governor Kim answers a reporter's question during a news conference after a rate setting meeting at the bank's headquarters in Seoul

Bank of Korea buys gold, first time since '97-'98

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.

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