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India’s ruling party faced a potentially damaging setback Sunday after an important coalition ally said the government had reversed its decision to throw open the country’s huge retail sector to foreign investors.
The government has not officially announced a change in its policy on foreign direct investment, but a reversal would be an embarrassment for the […]

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Stocks slid ahead of a confidence vote for Greece’s embattled prime minister Friday. Investors are worried that the country might not go through with an austerity program needed to prevent a messy default on its debt. The Dow Jones industrial average was down almost 170 points in morning trading.
Groupon Inc. jumped 39 percent to $27.89 […]

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Black Friday is shaping up to be a midnight affair this year.
Macy’s and Target have already announced that they will open at midnight this year instead of at 4 a.m. on the day after Thanksgiving as they did last year. Kohl’s will also open at midnight and not at 3 a.m. as it did last […]

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Americans’ incomes have stagnated for three straight months. Yet they boosted their spending in September 0.6 percent _ three times the increase in August.
Under normal circumstances, that would be a troubling sign for the economy.
But a closer look at Friday’s report from the Commerce Department on September income and spending suggests another possibility: Many people […]

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European countries will force their largest banks to quickly increase their capital buffers as part of a grand strategy to solve the continent’s debt troubles, but leaders gathered at a crisis summit struggled to agree on the other key parts of the plan.
Strengthening Europe’s banks is key to finally getting a grip on the debt […]

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General Electric Co. will build the largest solar factory in the U.S. near Denver.
The company, which had announced in April it would build the factory, said Thursday it had selected Aurora, Colo., a suburb east of Denver, for the location.
The factory will have an annual capacity of 400 megawatts, enough to supply electricity to about […]

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Double-dipping _ the well-established practice of public workers collecting government pensions and salaries at the same time _ has become a hot topic for lawmakers struggling with strained budgets.
Even as some states have begun curbing the practice, a review by The Associated Press found tens of thousands of state and public school employees drawing government […]

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Researchers say tar balls washed on to Gulf of Mexico beaches by Tropical Storm Lee prove that oil left over from last year’s BP spill isn’t breaking down as quickly as some assume.
Auburn University said Tuesday that its study shows the tar that hit Alabama beaches earlier this month appeared relatively fresh and unchanged from […]

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London police say the UBS trader accused of losing the Swiss banking giant $2 billion in rogue trading has been charged with fraud and false accounting.
The City of London police department said in a statement that 31-year-old Kweku Adoboli has been charged on Friday with two offenses.
Police said that Adoboli would appear at City of […]

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An anti-American cleric is urging his followers to stop attacking U.S. troops in Iraq so that their withdrawal from the country isn’t slowed down, a call meant to ramp up pressure on Baghdad’s political leaders who are considering asking some American forces to stay.
In a statement posted on his website, Shiite cleric Muqtada al-Sadr told […]

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