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Education, health care and welfare seen as vulnerable as California considers $8.3bn in spending cuts.
Last Modified: 16 May 2012 20:03 GMT
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France's new president visits Berlin to pledge to work with German Chancellor Merkel to resolve eurozone debt crisis.
Last Modified: 16 May 2012 07:22 GMT
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Shareholders put pressure on bank to reclaim money from executives who oversaw the trades now under investigation.
Last Modified: 15 May 2012 23:52 GMT
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German growth helps eurozone avoid "double dip", but Greece sees economy shrink by 6.2 per cent in first quarter.
Last Modified: 16 May 2012 04:06 GMT
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Credit rating agency says move prompted by economic recession and government austerity measures that have hurt demand.
Last Modified: 15 May 2012 05:26 GMT
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Ross Levinsohn will temporarily replace Scott Thompson, who stepped down over controversy about allegedly inflated CV.
Last Modified: 14 May 2012 11:35 GMT
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Banks now required to separate property assets from their balance sheets and set aside $39bn to cover losses.
Last Modified: 12 May 2012 19:31 GMT
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A new way of networking is catching on with nation's tech-minded young professionals.
Last Modified: 12 May 2012 13:52 GMT
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Data for April shows sharper than expected declines in investment and industrial production.
Last Modified: 11 May 2012 09:25 GMT
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Japanese electronics giant posts $5.7bn loss but vows it will return to profit this year after restructuring efforts.
Last Modified: 10 May 2012 11:03 GMT
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