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The disputed elections in Iran have presented the Obama administration with a significant challenge to its policy of engaging with the Islamic Republic to halt its nuclear weapons program. Despite this, Vice President Joe Biden has stated that the administration will continue to seek a diplomatic solution, although it remains
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A long-standing legal dispute between online retailer Amazon.com Inc. and toy seller Toys "R" Us Inc. has finally come to an end, with Amazon agreeing to pay $51 million in settlement. The dispute, which began in 2004, was over a partnership that gave Toys "R"
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A French nuclear submarine, Emeraude, reached the crash site of Air France Flight 447 on Wednesday, tasked with combing the Atlantic depths for black boxes that could help determine what caused the Airbus 330 to crash into the sea off Brazil, killing 228 people. The submarine will be able to
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The slaying of Dr. George Tiller, a Kansas abortion doctor, has put the anti-abortion movement on the defensive. Despite condemning the killing, leaders are worried that the backlash could temporarily silence the abortion debate. At a time when the movement is reeling from the failure to dominate last year'
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The US stock market began the month of June with a strong rally, driven by favorable economic data, but investors are wary of the historically weak month for stocks. The Dow Jones industrial average and other major indexes rose over 2% on Monday, with the Standard & Poor's
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An explosion early Monday morning on Manhattan's Upper East Side, possibly caused by a small bomb made from fireworks, destroyed a sidewalk bench and shattered windows in a Starbucks coffee shop. No one was injured in the blast, which happened around 3:30 a.m. The incident has
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Investors have become increasingly cautious in the face of worrisome economic news, leading to a decline in confidence on Wall Street. The recent spring rally in stocks has started to lose steam as investors question whether the gains are sustainable. A key factor contributing to this uncertainty is a warning
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Comcast, one of the largest cable providers in the country, has reached a long-term agreement with the National Football League (NFL) to carry the league's network on its Digital Classic level of service. This change will make the NFL Network more accessible to Comcast's 10.8
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Investors returned to the stock market on Monday, driven by positive news about housing and banking, resulting in the Dow Jones industrial average rising 235 points, its largest daily gain in over a month, and making up nearly three-quarters of last week's losses. The major indexes rose about
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As investors remain optimistic about the banking industry and the job market, Wall Street is shifting its focus to the consumer sector, with key retail sales data and first-quarter earnings reports from major retailers expected to be released in the coming week. The Commerce Department's retail sales report
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Older workers and retirees moving into new lines of work often face fewer benefits, lower pay, and reduced prestige, but according to a new study, they are likely to find greater job satisfaction. The study, conducted by the AARP Public Policy Institute in collaboration with the Urban Institute of Washington,
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The government's long-awaited "stress test" results have found that 10 of the nation's 19 largest banks need a total of about $75 billion in new capital to withstand losses if the recession worsened. The Financial system, like the overall economy, is healing but not
