Archive for December, 2012

Oil down slightly as fiscal-cliff talks continue

December 28, 2012
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NEW YORK (AP) — The price of oil fell slightly Friday, as the stock market drifted lower and efforts continued in Washington to strike a budget deal before the year-end deadline.
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Wall Street heads for longest losing streak in three months

December 28, 2012
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NEW YORK (Reuters) – Stocks fell on Friday, putting the S&P 500 on track for a fifth straight decline, as President Barack Obama and top congressional leaders were set to make a last-ditch attempt to steer the country away from severe fiscal austerity next year.
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A make-or-break moment for ‘fiscal cliff’ negotiations

December 28, 2012
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WASHINGTON (AP) — Amid partisan bluster, top members of Congress and President Barack Obama were holding out slim hopes for a limited fiscal deal before the new year. But even as congressional leaders prepared to convene at the White House, there were no signs that legislation palatable to both sides was taking shape.
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Video shows woman pushing man in front of NYC subway train

December 28, 2012
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NEW YORK (AP) — Police searched for a woman who killed a man by pushing him in front of a subway train and released surveillance video Friday of her running away from the station.
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Bharti Infratel shares drop 13 percent in market debut

December 28, 2012
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NEW DELHI/HONG KONG (Reuters) – Bharti Infratel, backed by billionaire Sunil Mittal, dived 13 percent in its trading debut after raising about $760 million in India‘s biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators.
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TEXT-S&P cuts Consolidated Minerals to ‘B-’; outlook negative

December 28, 2012
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Rationale The downgrade reflects our view that protracted softness in the manganese
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Gen. Norman Schwarzkopf dies at 78

December 28, 2012
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H. Norman Schwarzkopf, the retired general credited with leading U.S.-allied forces to a victory in the first Gulf War, has died at age 78, a U.S. official confirmed to ABC News.
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Obama invites congressional leaders to 11th-hour ‘cliff’ talks

December 28, 2012
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Obama invites congressional leaders to 11th-hour ‘cliff’ talks

President Barack Obama waves to reporters as he steps off the Marine One helicopter and walks on the South Lawn …President Barack Obama will meet Friday at the White House with Republican House Speaker John Boehner and other congressional leaders in what could be a last-ditch effort to avoid the “fiscal cliff” that will see...
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Bharti Infratel shares slump over 10 percent in debut

December 28, 2012
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NEW DELHI (Reuters) – Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 percent in its trading debut after raising about $760 million in India‘s biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators.
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Wall Street rebounds on House session, but off for 4th day

December 28, 2012
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NEW YORK (Reuters) – Stocks fell for a fourth day on Thursday, but recovered most of their losses after the House of Representatives, in the barest sign of progress, said it would come back to work on avoiding the “fiscal cliff” this weekend.
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