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Apple May Face First Profit Drop in Decade as IPhone Slows: Tech

Apple May Face First Profit Drop in Decade as IPhone Slows: Tech | EconMatters | Scoop.it
Apple Inc. Chief Executive Officer Tim Cook is feeling the heat.
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Russia Says World Is Nearing Currency War as Europe Joins

Russia Says World Is Nearing Currency War as Europe Joins | EconMatters | Scoop.it
The world is on the brink of a fresh “currency war,” Russia warned, as European policy makers joined Japan in bemoaning the economic cost of rising exchange rates.
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Apple Drops to 11-Month Low on Reports of IPhone Cutbacks

Apple Drops to 11-Month Low on Reports of IPhone Cutbacks | EconMatters | Scoop.it
Apple Inc. declined to the lowest price in 11 months after the Nikkei newswire reported that production of the iPhone was cut on weak demand.
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As public fumes, AIG says will not sue U.S. over bailout

As public fumes, AIG says will not sue U.S. over bailout | EconMatters | Scoop.it
(Reuters) - Facing anger from Congress and the American people, AIG Inc said on Wednesday it would not sue the U.S.
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Chavez Delays Oath as Opponents Say He Should Cede Power

Chavez Delays Oath as Opponents Say He Should Cede Power | EconMatters | Scoop.it
Ailing Venezuelan President Hugo Chavez won’t be sworn in for a new term tomorrow, plunging the nation into an institutional crisis as the opposition called for the self-declared socialist to cede power temporarily as he recovers from cancer...
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Senate-Passed Deal Means Higher Tax on 77% of Households

Senate-Passed Deal Means Higher Tax on 77% of Households | EconMatters | Scoop.it
The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.
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Gold Heads for Longest Run of Weekly Losses Since 2004

Gold Heads for Longest Run of Weekly Losses Since 2004 | EconMatters | Scoop.it
Gold futures dropped, capping the longest run of weekly losses since 2004, after Federal Reserve minutes showed policy makers may end monthly purchases of U.S. debt sometime this year.
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Largest migration in human history to begin on Jan 26

Largest migration in human history to begin on Jan 26 | EconMatters | Scoop.it
By Michael Evans The official 40 day period of Spring Festival travel, or chunyun, will run from January 26 to March 6, Xinhua reported last week.
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China's economic recovery to drive commodities - The Economic Times

China’s slowdown was dominant story for the region’s commodity demand this year and its re-acceleration is sure to set the tone for 2013.
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Park wins South Korea presidency, to be first woman leader

Park wins South Korea presidency, to be first woman leader | EconMatters | Scoop.it
SEOUL (Reuters) - The daughter of a former military ruler won South Korea's presidential election on Wednesday and will become the country's first female leader, saying she would work to heal a divided...
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Highest-Paid California Trooper Is Chief Banking $484,000

Highest-Paid California Trooper Is Chief Banking $484,000 | EconMatters | Scoop.it
California Highway Patrol division chief Jeff Talbott retired last year as the best-paid officer in the 12 most-populous U.S. states, collecting $483,581 in salary, pension and other compensation.
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FedEx Overcharged Customers for Years, Sealed E-Mail Says

FedEx Overcharged Customers for Years, Sealed E-Mail Says | EconMatters | Scoop.it
FedEx Corp. has been “systematically overcharging” customers by billing businesses and government offices at higher residential rates, a company sales executive said in an internal e-mail unsealed in a lawsuit.
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Natural Gas Pricing in U.K. Is No Libor as Probe Begins

Natural Gas Pricing in U.K. Is No Libor as Probe Begins | EconMatters | Scoop.it
The regulatory investigation into alleged manipulation in the U.K. gas market, Europe’s biggest, may fail to undermine a price-setting system that relies on daily conversations between journalists and traders.
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Fed Concerned About Overheated Markets Amid Record Bond Buys

Fed Concerned About Overheated Markets Amid Record Bond Buys | EconMatters | Scoop.it
Federal Reserve officials are voicing increased concern that record-low interest rates are overheating markets for assets from farmland to junk bonds, which could heighten risks when they reverse their unprecedented bond purchases.
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Geithner Says Debt Limit Steps May Run Out by Mid-February

Geithner Says Debt Limit Steps May Run Out by Mid-February | EconMatters | Scoop.it
U.S. Treasury Secretary Timothy F. Geithner said so-called extraordinary measures he’s taking to avoid breaching the debt ceiling would work only until mid- February to early March and warned that failure by Congress to raise the limit could...
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Why the White House Killed the Platinum Coin

Why the White House Killed the Platinum Coin | EconMatters | Scoop.it
For better or worse, it wants a showdown with Republicans over the debt ceiling
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Fracking Pushes U.S. Oil Production to Highest in 20 Years

Fracking Pushes U.S. Oil Production to Highest in 20 Years | EconMatters | Scoop.it
U.S. oil production exceeded 7 million barrels a day for the first time since March 1993 as improved drilling techniques boosted exploration across the country and reinforced a shift toward energy independence.
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Gasoline Falls on Report Supply Rose to 10-Month High Last Week

Gasoline Falls on Report Supply Rose to 10-Month High Last Week | EconMatters | Scoop.it
Gasoline fell after the industry- funded American Petroleum Institute said that inventories of the motor fuel jumped to a 10-month high last week.
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Japanese Buys $1.76 Million Tuna to Beat Hong Kong Rival Again

Japanese Buys $1.76 Million Tuna to Beat Hong Kong Rival Again | EconMatters | Scoop.it
Kiyomura K.K., a Tokyo-based sushi chain, paid a record 155.4 million yen ($1.76 million) to outbid an affiliate of a Hong Kong-based rival for a tuna it said would be enjoyed by Chinese and Japanese customers alike.
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Despite Cliff, US Will ‘Soon Get Messy’ Again: Roubini

Despite Cliff, US Will ‘Soon Get Messy’ Again: Roubini | EconMatters | Scoop.it
The deal reached to avert the fiscal cliff in the US merely masks the bleak long-term outlook for the country, Nouriel Roubini said in an opinion piece for the Financial Times newspaper on Thursday.
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Fiscal cliff compromise leaves few satisfied

Fiscal cliff compromise leaves few satisfied | EconMatters | Scoop.it
The last-minute deal-making on Capitol Hill may have helped avert the fiscal cliff for now, but many commentators expressed pessimism over the agreement and the distressing sight of lawmakers allowing the world’s largest economy to teeter near economic...
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Fed’s $4 Trillion Rescue Helps Hedge Fund as Savers Hurt

Fed’s $4 Trillion Rescue Helps Hedge Fund as Savers Hurt | EconMatters | Scoop.it
Deepak Narula’s mortgage-bond fund is up 39 percent this year. George Sanchez’s monthly annuity payout is down 41 percent.
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Lacker Says Fed Asset Buying Won’t Speed Growth Above 2%

Lacker Says Fed Asset Buying Won’t Speed Growth Above 2% | EconMatters | Scoop.it
Federal Reserve Bank of Richmond President Jeffrey Lacker predicted the economy will grow 2 percent next year and said the Fed’s stepped up purchases of bonds won’t do much to spur the recovery.
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BoE's King warns of growing currency competition

BoE's King warns of growing currency competition | EconMatters | Scoop.it
NEW YORK (Reuters) - The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could...
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Illinois May Face Downgrade If No Pension Fix, Quinn Says

Illinois May Face Downgrade If No Pension Fix, Quinn Says | EconMatters | Scoop.it
Illinois Governor Pat Quinn said the battle to control employee pension costs “is our fiscal cliff and we need to deal with it” or analysts in “green eyeshades” will lower the state’s credit rating again.
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