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Gold Hits Record High. In overseas trading today, Gold prices have hit a new record high of $1,602 an ounce. Traders concerned about sovereign debt problems in Europe and the U.S. have flocked into the metal in an attempt to hedge their portfolios. Upgrades66 views|No comments
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S&P Warns U.S. of Downgrade. Standard & Poor's has just become the second rating agency to warn that they may downgrade the U.S. debt rating from AAA. The last time in history that the U.S. did not have an AAA rating was 1917. S&P said that there is a 50% cha56 views|No comments
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Conoco To Split Into Two Companies. ConocoPhillips (COP) will split into two separate publicly-traded companies. The split is expected to be completed in 2012 and would divide the company into a Exploration & Production company and a Refining & Marketing company. Pre-mar57 views|No comments
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Netflix to raise rates. Reports say that Netflix is set to raise their subscription rates on those wanting both their by mail DVD service and their internet service from $10.00 a month to $16.00. For those wanting to rent two DVD’s at a time the price will increase33% to $20.047 views|No comments
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President Obama Pushes For a Deal On Spending Cuts and Debt Limit Increase. President Obama and top Republican and Democratic leading will meet for the third day to try to work out a deal to reduce spending and increase the debt limit. All sides in the negotiations are very far45 views|No comments
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Is The EU Debt Crisis Spreading? Almost daily there have been news stories about the debt problems in the EU PIIGS (Portugal, Ireland, Italy, Greece and Spain). While Greece and Portugal seem to be the worst of the bunch many investors have been fearful that the sovereign debt58 views|No comments
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Banks Close To Foreclosure Settlement. Reports say that several of the major banks are close to reaching a settlement with state and federal officials to resolve claims over improper foreclosure practices. The settlement if agreed to by regulators could exceed $20 billion and inc56 views|No comments
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Berkshire Hathaway Looking To Buy Citi Unit. Warren Buffet’s company Berkshire Hathaway (BRK.A/BRK.B) is reportedly part of a group of investors that are in talks with Citigroup (C) consumer-lending unit OneMain Financial. Analysts are expecting the deal to top $8 bill52 views|No comments
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Upgrades Google (GOOG): Evercore Partners raised their rating from Equal Weight to Overweight . Downgrades KB Homes (KBH): Keefe Bruyette lowered their rating from Market Perform to Underperform and lowered their target price from $1347 views|No comments
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Geithner To Remain As Treasury Sec. Treasury Secretary Tim Geithner said he will remain at his post for the "foreseeable future," after rumors circulated that he would be stepping down as soon as a new budget deal was reached. Recent budget talks have broken dow33 views|No comments


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