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Fed Scans Capital One-ING Online Banking Deal: WSJ

The Federal Reserve has quizzed Capital One Financial Corp to know whether the proposed purchase of ING Groep NV's U.S. online banking business would create a too big to fail institution, the Wall Street Journal said.

What the Bank of America Shake-Up Means for You

A Bank of America customer uses a Bank of America ATM in Charlotte
The recent executive shakeup at Bank of America followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you - either as a client of the banking colossus and Merrill Lynch, the brokerage firm it owns, or as a shareholder.
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China Inflation Cools; Monetary Tightening Put Off

China's inflation pulled back in August from a three-year high, underlining expectations that price pressures have peaked and the central bank can hold off on further tightening of monetary policy in the face of a global economic slowdown.
Lil Wayne

Lil Wayne's Tha Carter IV Album Tops Sales

Lil Wayne's Tha Carter, although leaked on the Internet days before its release on Aug. 29, sold 964,000 copies and made it to the chart-topper on the Billboard 200 chart, according to Nielsen SoundScan.
California Governor Jerry Brown speaks after vetoing the budget passed the day before by state legislators in Los Angeles

California Governor OKs Bill for Minibonds

California Governor Jerry Brown has signed a bill that drops the minimum face value on the state's general obligation debt to $25 from $1,000 to help sell minibonds to retail investors, his office said in a statement on Wednesday.
A box from Amazon.com

Is Amazon's Website Redesign an Apple, iPad Killer?

So many tech journalists writing lately that Amazon's new Kindle tablet won't really be a direct, serious threat to Apple's tablet industry-leading iPad because the company's first unit will be a 7-inch touchscreen instead of a 10-inch touchscreen miss one very valuable point.
Soulja Boy

Soulja Boy Apologizes for Slamming U.S. Army

Rapper Soulja Boy apologized on Tuesday for lyrics that offended some U.S. Army soldiers, but media outlets reported that stores run by the military will not carry his new album because of the song.
One World Trade Center

Lower Manhattan: Rising from the ashes

A decade after the September 11 attacks enveloped Lower Manhattan in a thick gray dust of pulverized buildings and human remains, the surrounding area has become a trendy neighbourhood with a booming population.
US Post Office In Blacksburg, Virginia

U.S. Postal Service May Be Going, Going, Gone (By End of the Year)

Here's a sad tale to tie into Americans: The United States Postal Service, which has been a national institution since Benjamin Franklin was installed in 1775 as the first postmaster general, is going, going, going and almost gone. In fact, one legislator says if Congress doesn't act and do something about the post office's problems, the agency could literally close later this year.

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