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    • Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas
      Softbank closer to acquiring Sprint after Dish abandons bid for now Reuters - 2 hrs 9 mins ago

      By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, … More »Softbank closer to acquiring Sprint after Dish abandons bid for now

      Workers build a booth for Dish, a satellite TV provider, as they prepare for the International CES show at the Las Vegas Convention Center in Las Vegas

      By Sophie Knight and Sinead Carew TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. SoftBank Chief Executive Masayoshi Son …

    • A logo is seen on a Porsche 911 Carrera 4S ahead of the annual news conference in Stuttgart
      German cartel court takes on Porsche lawsuit: source Reuters - 1 hr 15 mins ago

      BERLIN (Reuters) - A German court has assigned an investor lawsuit seeking about 2 billion euros ($2.7 billion) in damages from Porsche SE to a court specializing on … More »German cartel court takes on Porsche lawsuit: source

      A logo is seen on a Porsche 911 Carrera 4S ahead of the annual news conference in Stuttgart

      BERLIN (Reuters) - A German court has assigned an investor lawsuit seeking about 2 billion euros ($2.7 billion) in damages from Porsche SE to a court specializing on cartel matters, a person familiar with the matter told Reuters. The regional court in Braunschweig, Germany, will delegate the case, brought by U.S. investment …

    • U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington
      Fed seen keeping options open on pace of bond buying Reuters - 2 hrs 18 mins ago

      By Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, … More »Fed seen keeping options open on pace of bond buying

      U.S. Federal Reserve Chairman Bernanke speaks during a news conference in Washington

      By Alister Bull WASHINGTON (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials …

    • A woman walks past the vandalized windows of a Banco Santander branch in Valencia
      Santander says does not need to make new bad debt provisions Reuters - 9 mins ago

      SANTANDER, Spain (Reuters) - Spanish banking group Santander does not need additional provisions to meet new Bank of Spain rules on recognizing bad debt, Deputy Chairman … More »Santander says does not need to make new bad debt provisions

      A woman walks past the vandalized windows of a Banco Santander branch in Valencia

      SANTANDER, Spain (Reuters) - Spanish banking group Santander does not need additional provisions to meet new Bank of Spain rules on recognizing bad debt, Deputy Chairman Matias Rodriguez Inciarte said on Wednesday. Economy Minister Luis de Guindos said on Tuesday that Spanish banks would face extra provisions against loan …

    • An Eurofighter Typhoon jet is seen with weapons in a static display area, two days before the opening of the 50th Paris Air Show, at the Le Bourget airport
      New Eurofighter chief aims to make jet cheaper Reuters - 1 hr 27 mins ago

      PARIS (Reuters) - The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as … More »New Eurofighter chief aims to make jet cheaper

      An Eurofighter Typhoon jet is seen with weapons in a static display area, two days before the opening of the 50th Paris Air Show, at the Le Bourget airport

      PARIS (Reuters) - The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft gears up to vie for more business in an increasingly crowded and competitive market. Alberto Gutierrez, the former head of operations at EADS …

    • A worker wearing protective glasses welds steel products at a heavy equipment manufacturing factory in Luoyang
      Asia business sentiment rises in second quarter, global growth risk still dominates Reuters - 2 hrs 15 mins ago

      By Miyoung Kim SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply … More »Asia business sentiment rises in second quarter, global growth risk still dominates

      A worker wearing protective glasses welds steel products at a heavy equipment manufacturing factory in Luoyang

      By Miyoung Kim SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows. The Thomson Reuters/INSEAD Asia Business Sentiment …

    • A depositor waits to enter a Laiki Bank branch in Nicosia
      Revision of Cypriot bailout terms not likely: euro zone officials Reuters - 2 hrs 19 mins ago

      BRUSSELS (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro … More »Revision of Cypriot bailout terms not likely: euro zone officials

      A depositor waits to enter a Laiki Bank branch in Nicosia

      BRUSSELS (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on Wednesday. Cyprus secured 10 billion euros in emergency loans from the euro zone's …

    • This March 6, 2012 photo provided by the law offices of Butler, Wooten & Fryhofer, LLP shows the scene of a crash in Bainbridge, Ga., where a 4-year-old boy named Remi Walden was burned and died when a Jeep Grand Cherokee was struck from the rear by a Dodge Dakota pickup truck. Chrysler is expected to file papers Tuesday, June 18, 2013, explaining why it’s refusing to recall 2.7 million older Jeep SUVs. (AP Photo/Courtesy of Butler, Wooten & Fryhofer, LLP)
      Chrysler agrees to recall of Jeeps at risk of fire AP - 6 hrs ago

      DETROIT (AP) — After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause … More »Chrysler agrees to recall of Jeeps at risk of fire

      This March 6, 2012 photo provided by the law offices of Butler, Wooten & Fryhofer, LLP shows the scene of a crash in Bainbridge, Ga., where a 4-year-old boy named Remi Walden was burned and died when a Jeep Grand Cherokee was struck from the rear by a Dodge Dakota pickup truck. Chrysler is expected to file papers Tuesday, June 18, 2013, explaining why it’s refusing to recall 2.7 million older Jeep SUVs. (AP Photo/Courtesy of Butler, Wooten & Fryhofer, LLP)

      DETROIT (AP) — After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions.

    • In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down. (AP Photo/Manuel Balce Ceneta)
      Investors look for answers on economy from Fed AP - 3 hrs ago

      WASHINGTON (AP) — Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term … More »Investors look for answers on economy from Fed

      In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down. (AP Photo/Manuel Balce Ceneta)

      WASHINGTON (AP) — Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows.

    • A worker stretches on a chair during a morning trading at the Tokyo Stock Exchange in Tokyo Monday, June 17, 2013. Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. Tokyo's Nikkei 225, the regional heavyweight, jumped 2.2 percent to 12,960.81, extending Friday's 2.4 percent gain. (AP Photo/Koji Sasahara)
      World markets mostly down as investors eye Fed AP - 1 hr 26 mins ago

      SEOUL, South Korea (AP) — Global stock markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve. More »World markets mostly down as investors eye Fed

      A worker stretches on a chair during a morning trading at the Tokyo Stock Exchange in Tokyo Monday, June 17, 2013. Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. Tokyo's Nikkei 225, the regional heavyweight, jumped 2.2 percent to 12,960.81, extending Friday's 2.4 percent gain. (AP Photo/Koji Sasahara)

      SEOUL, South Korea (AP) — Global stock markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve.

    • Study: Wiser medication use could cut health costs AP - 9 mins ago

      TRENTON, N.J. (AP) — If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing … More »Study: Wiser medication use could cut health costs

      TRENTON, N.J. (AP) — If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing medication overuse, underuse and other flaws in care that cause complications and longer, more-expensive treatments, researchers conclude.

    • IMF calls for urgent steps on Spain unemployment AP - 41 mins ago

      MADRID (AP) — The International Monetary Fund says recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take … More »IMF calls for urgent steps on Spain unemployment

      MADRID (AP) — The International Monetary Fund says recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take "urgent action" to slash the country's crippling 27 percent unemployment rate.

    • Workers watch shipping and discharging of containers at a port in Tokyo, Wednesday, June 19, 2013. Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion) as rising costs for imports due to the cheaper yen matched a rebound in exports. (AP Photo/Shizuo Kambayashi)
      Japan's trade deficit climbs to $10.5B in May AP - 3 hrs ago

      TOKYO (AP) — Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces … More »Japan's trade deficit climbs to $10.5B in May

      Workers watch shipping and discharging of containers at a port in Tokyo, Wednesday, June 19, 2013. Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion) as rising costs for imports due to the cheaper yen matched a rebound in exports. (AP Photo/Shizuo Kambayashi)

      TOKYO (AP) — Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.

    • Oil rises near $99 a barrel before Bernanke speaks AP - 18 mins ago

      BANGKOK (AP) — The price of oil rose Wednesday, before the conclusion of a U.S. Federal Reserve meeting. More »Oil rises near $99 a barrel before Bernanke speaks

      BANGKOK (AP) — The price of oil rose Wednesday, before the conclusion of a U.S. Federal Reserve meeting.

    • House to consider cuts to food stamps AP - 2 hrs 3 mins ago

      WASHINGTON (AP) — A wide-ranging farm bill the House is considering would cut food stamps by $2 billion a year and make it more difficult for some people to qualify for … More »House to consider cuts to food stamps

      WASHINGTON (AP) — A wide-ranging farm bill the House is considering would cut food stamps by $2 billion a year and make it more difficult for some people to qualify for the domestic food aid program.

    • From left, Deputy Attorney General James Cole; National Security Agency (NSA) Deputy Director Chris Inglis; NSA Director Gen. Keith B. Alexander; Deputy FBI Director Sean Joyce; and Robert Litt, general counsel to the Office of the Director of National Intelligence; prepares to testify on Capitol Hill in Washington, Tuesday, June 18, 2013, before the House Intelligence Committee hearing regarding NSA surveillance. (AP Photo/Charles Dharapak)
      NSA director says plot against Wall Street foiled AP - 5 hrs ago

      WASHINGTON (AP) — The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security … More »NSA director says plot against Wall Street foiled

      From left, Deputy Attorney General James Cole; National Security Agency (NSA) Deputy Director Chris Inglis; NSA Director Gen. Keith B. Alexander; Deputy FBI Director Sean Joyce; and Robert Litt, general counsel to the Office of the Director of National Intelligence; prepares to testify on Capitol Hill in Washington, Tuesday, June 18, 2013, before the House Intelligence Committee hearing regarding NSA surveillance. (AP Photo/Charles Dharapak)

      WASHINGTON (AP) — The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying.

    • Dish won't submit revised bid for Sprint AP - 5 hrs ago

      ENGLEWOOD, Colo. (AP) — Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier … More »Dish won't submit revised bid for Sprint

      ENGLEWOOD, Colo. (AP) — Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.

    • Photos: Frank Lloyd Wright Homes For Sale @ ABC News - Fri, May 17, 2013

      Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic … More »Photos: Frank Lloyd Wright Homes For Sale

      Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.        

    • Martha Stewart Case Judge Ruling Favors JCP @ ABC News - Fri, Apr 12, 2013

      The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.     … More »Martha Stewart Case Judge Ruling Favors JCP

      The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.        

    • Couple Finds $100,000 in Safe Deposit Box @ ABC News - Fri, Apr 12, 2013

      An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, … More »Couple Finds $100,000 in Safe Deposit Box

      An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, Kathleen Ricigliano, 81, said they opened a safe deposit box account with Sovereign Bank in February....        

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