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Wednesday, July 1, 2009

Ginuwine On Jackson

The R&B singer is just one of many in the music industry whose career has been influenced by The King of Pop.

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Sharpton Salutes Jackson

Reverend Al Sharpton speaks at Harlem's Apollo Theater after the death of Michael Jackson. Then, Sharpton talks with Harold Dow about Jackson's relationship with the African American community.

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Karl Malden, 1912-2009

Katie Couric reports on the life and death of Academy-Award winning actor, Karl Malden, who gained fame for such classics as "On The Waterfront" with Marlon Brando.

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Reshuffles On Japan's Cabinet Member

The Prime Minister of Japan reshuffled his cabinet before the national election. (Asia Confidential)

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Michael Jackson's Will Filed In California

Inevitable battle is set to emerge over Michael Jackson's $500 million estate. (The Bloomberg Edge)

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Total U.S Sales For Asian Car Makers Continues To Fall

Lear to file bankruptcy after lenders agrees to terms. (The Bloomberg Edge)

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Obama Rethinks Healthcare

One of President Obama's solutions for the ailing healthcare system is to change the way doctors are paid. Wyatt Andrews reports.

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Rx Abuse And Prevention

More than 50 million Americans have admitted to abusing prescription drugs. Thirty-nine states have taken steps to monitor their use, most recently Florida. Byron Pitts reports.

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Upgrade On Japan's Economy

The largest electronic retailers increase their sales by about 10% for the last quarter and a profit up about 40%. (The Bloomberg Edge)

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18 States Face Mass Deficits

Throughout the nation, many states have encountered fierce turmoil over crippling budget setbacks, which could soon jeopardize the health of families. John Blackstone reports from San Francisco.

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Thailand's Economy Still In Recession

Macquarie says Thailand's SET may rise a further 12% by the end of the tear. (The Bloomberg Edge)

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The Fate Of Neverland

Since the recent death of pop superstar Michael Jackson, there has been much speculation as to what will happen to his grand Neverland ranch. Sandra Hughes reports from Santa Barbara County, Calif.

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Automakers' Slow Comeback

Overall, automakers sales fell in June. But the trend is for a slow comeback with GM actually rising by 10 percent. Anthony Mason reports.

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New Zealand As The Worst Performer In Asian Market

New Zealand gain is just over 2% in a first quarter and there were investors who are optimistic about its recovery. (The Trade)

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In-Depth-Look- Chinese Stock

World's biggest chip maker may take off again as the company line up to raise its capital. (The Trade)

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Investment On Kangaroo Bond

Kangaroo bond costs jump as Borrowers Vie with Australian banks. (The Trade)

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Michael Jackson Is On The Top Chart Again

Michael Jackson music holds the top 9 positions on billboard chart. (The Trade)

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Inside Look On Japanese Stocks

Topix still higher and Hitachi leads the gain up by 3.7% and Nikkei will spend $310 million to raise capacity of lithium iron batteries and those will be sold to automakers. (The Trade)

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Second Quarter Winners

The best quarterly performance by the S&P 500 Index gain 17% and small stocks generate even higher return as the Russell 2,000 Index advance by 21%. (The Trade)

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Australian Resources Stocks

Rio Tinto shares up by about 1.4% after selling nearly all the shares. (The Trade)

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Notebook- Walkman

Today marked the 30th anniversary of Sony's iconic Walkman. It has sold over 385 million units, but today it struggles to compete with MP3 players like the iPod.

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In-Depth Look - Another Retailer Bites the Dust

Crabtree & Evelyn Files for Bankruptcy, However Does Not Include Operations Outside the U.S. (Asia Morning Call)

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Sector Focus - Auto Suppliers

Analysis and Discussion with Anthony Cristello of BB&T Capital Markets (Taking Stock)

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Commodities Outlook - Monetary Base Doubling Benefits Gold

Inflation Fears Drive Gold Bulls - Analysis and Discussion with Peter Boockvar of Miller Tabak: Bullish on Gold, Dollar is Unstable (Taking Stock)

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Late King of Pop Back at Top of Billboard Charts

Album Sales for "Number Ones", "Essential Michael Jackson" and "Thriller" Skyrocket After Jackson Passes Away (Bloomberg News)

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Webcam Trail Mix- Tough Times For Sinners

In this Trail Mix Web Cam video, Craig gets all worked up about plans to tax soft drinks for health care.

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In-Depth Look - Tipping Point in Bank Profits?

Are Bad Loans Still Bleeding Banks Dry? Will Bank Profits Overshadow Bad Loans? (Bloomberg News)

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Inside Look - On the Home Front

Roundtable Discussion Featuring S&P/Case-Schiller Index Co-Creator Bob Shiller and Toll Brother CFO Joel Rassman (Bloomberg News)

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Market Close 7.1

All Three Major Indexes Each Rise Less Than 1%; Consumer Staples and Utilities Best Performers of the Day, Financials and Healthcare Worst Performers; Gannett Cutting 1400 Jobs (Bloomberg News)

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What Happens Next?

Michael Jackson's London tour, titled "This is it," is still underway as concert promoter and friend, Randy Phillips insists that some version of the show must go on. Richard Roth reports.

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From Fitness To Fashion

Maggie Rodriguez spoke to the deputy managing editor of InStyle Magazine, Lisa Arbetter, about how to turn fitness attire into fashionable wear for a weekend or casual office look.

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IMF Approves Bond Sales to Member Countries for First Time

Interview with IMF First Deputy Director John Lipsky (Bloomberg News)

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Summer Grilling Safety Tips

Consumer correspondent Susan Koeppen spoke to Dave Price about outdoor grilling and important safety tips to avoid house fires, including how to inspect a grill before use.

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Off To The 'Lawnmower' Races

Tonight on the "CBS Evening News" Cynthia Bowers will take you to Twelve Mile, Ind. to the annual "Lawnmower Races." Here's a sneak peek.

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Constellation Brands Beats Estimates

Constellation Brands Shares Rise as High as 12% on Successful SVEDKA Vodka Campaign (Bloomberg News)

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Interview with White House Budget Director Peter Orszag

Orszag Comments on California Budget Crisis and Obama Healthcare Plan (Bloomberg News)

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Big Brother Sneak Peek

Julie Chen gives a sneak peek at the 12 new house guests competing for a half million dollars on "Big Brother", which premiers July 9 at 8 p.m. on CBS.

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Spotlight - International Securities Exchange

Interview with CEO Gary Katz (Bloomberg News)

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Update - Yemen Plane Crash

Flight Recorder Located from Yemen Plane, 14-Year Old Survivor Recovering

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Health Care - The Real Cost

Reforming Healthcare - Interview with Maya MacGuineas, President of the Committee for a Responsible Federal Budget (Bloomberg News)

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Duhamel Talks "Transformers 2"

Actor Josh Duhamel spoke to Harry Smith about the box office success of the new movie "Transformers: Revenge of the Fallen," and the experience of working with military advisers behind the scene.

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In-Depth Look - Pulse of the Auto Industry

Ford's June Sales Fall Less Than Expected (Bloomberg News)

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Sector to Watch - Food Producers

General Mills Raises Forecast, Says Profit Jumped 94% (Bloomberg News)

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Obama Holds Town Hall Meeting on Healthcare

Live! From Annandale, VA: Excerpt of President Barack Obama's Town Hall Meeting (Bloomberg News)

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Inside Look - Weak ADP Jobs Report

Employers Cut 437K Jobs in June, Ahead of Economist-Forecasted 394K - Analysis and Discussion with Joel Prakken of Macroeconomic Advisers (Bloomberg News)

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In-Depth Look - McDonald's New Burgers

McDonald's Officially Introduces New Angus Burger (Bloomberg News)

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Airline Bares All For Safety

The Early Show anchors discuss a new safety video from Air New Zealand aimed to capture the passengers' attention by featuring airline staff with clothing painted on their naked bodies.

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Quincy Jones, Jackson's Mentor

Quincy Jones, producer of Michael Jackson's best albums, told Harry Smith "success is an animal," when referring to Jackson's career, believing the singer was not comfortable in his own skin.

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In-Depth Look - "Cash-For-Clunkers" Picks Up Speed

$4,500 Vouchers for Clunkers - According to Transportation Secretary, "Huge" Interest in CARS Program; According to AutoNation, Clunkers Program Could Boost Sales 10% (Bloomberg News)

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Auto Outlook - Downshifting from New to Certified

Analysis and Discussion with Jessica Caldwell of Edmunds.com (Bloomberg News)

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In-Depth Look - Game Changer for Natural Gas?

Shale Could Revolutionize Gas Supply (Bloomberg News)

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Inside Look - Manufacturing Decline Slows

Interview with ISM Business Survey Chairman Norbert Ore (Bloomberg News)

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In-Depth Look - Signs S&P 500 Rally May Fizzle

Rising Fear Regional Banks Need Help - Banks Falling 23% Since May Foreshadow S&P 500 Slump; Drop in Regional Banks Has Signaled Market Pain (Bloomberg News)

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FDA Tackles Acetaminophen

Dr Jennifer Ashton explains to Dave Price an FDA proposal to lower doses of acetaminophen and add warnings to reduce accidental liver poisoning and deaths from overdoses.

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Spotlight - Acorda Therapeutics

Biogen Idec and Acorda Strike Deal for MS Drug - Interview with Acorda CEO Ron Cohen (Bloomberg News)

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Currency Outlook - Risk Appetite Slams Dollar and Yen

Strategies for Trading Tomorrow's Jobs Report - Analysis and Discussion with Kathy Lien of GFT (Bloomberg News)

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Lethal Drug Found At MJ Home

The nurse who warned Michael Jackson about Diprivan, a sedative reportedly found at his home, tells Maggie Rodriguez Jackson claimed a doctor told him the drug would be safe.

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Michael Jackson's Will Found

Katherine Jackson is reportedly named in the will to care for his children that also puts his assets into a trust fund, reports Sandra Hughes.

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Yemeni Plane's Black Box Located

French officials say one of the black box flight recorders of the Yemeni plane that crash was recovered. (Bloomberg News)

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Biogen Gets Rights For MS Pill Outside US

Biogen pays half a billion dollars to market M.S. pills outside the U.S. It is designed to help walking conditions in patients with multiple sclerosis. (Bloomberg News)

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McDonald's Beefs Up Menu With Pricier Burgers

McDonald comes out with their new burgers. Its cost $4 each. (Bloomberg News)

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In-Depth Look - Shifting Pension Money To Index Funds

Interview and discussion with Bill Atwood of the Illinois State Board of Investment. He talks about pension managers move to transfer money to the index fund. (Bloomberg News)

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New Era Of Low Natural Gas Prices?

Natural gas prices moves down for a seven-year low. (Bloomberg News)

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Market Open 7.1

Lydia Thew is live in the New York Stock Exchange were stocks are set to kick of higher. (Bloomberg News)

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In-Depth Look - Climate Change Debate

Interview and discussion with the Chairman and C.E.O. of the American Electric Power, Michael Morris. He gives his ideas regarding about the carbon cap debate in the congress. (Bloomberg News)

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He Has 'The World's Best Job'

Best job in the world winner begins his six months of living on a tropical island after beating more than 34,000 applicants. (Bloomberg News)

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In-Depth Look - SEC To Crack Down On Corporate Boards

Interview and discussion with the Former S.E.C. Chairman, Arthur Levitt. He talks about SEC rule not to let celebrities get involve in the political board members. (Bloomberg News)

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In-Depth Look - How Real Estate Come To Own Us

Interview and discussion with the author of "Our Lot", Alyssa Katz. She shares her insights on what we may get in her new book. (Bloomberg News)

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Paramount Looking To Merge DVD Business

Paramount Pictures looks for a partner. They want to merge parts of the DVD business with another studio. (Bloomberg News)

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In-Depth Look - Painkillers Link To Liver Damage

Interview and discussion with Les Funtleyder of the Miller Tabak. He talks about the Tylenol ingredients that experts say may cause liver damage. (Bloomberg News)

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In-Depth Look - The Fear Of Recovery

Interview and discussion with Brian Wesbury of the First Trust Advisors. He predicts a relatively swift recovery from the crisis but warns of inflation that comes with the Fed actions. (Bloomberg News)

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Dunkin' Donuts Halts Hot Cocoa Sales

Dunkin' Donuts stops selling hot chocolate because of the Salmonella scare. (Bloomberg News)

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General Mills 4Q Earnings Beat Street

Cheerios and hamburger sales help General Mills exceed expectations for the fourth quarter. (Bloomberg News)

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Hedge Funds Takes Name From The Who Song '5-15'

5:15 is the title of a song by The Who, now it is the name of a new hedge fund. (Bloomberg News)

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Piracy Mediators Increase Ransom

Mediators who try to broker deals between ship owners and pirates caused ransom payments to go up. (Bloomberg News)

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Beckham Faces Negative Reaction - Gulati

David Beckham returns to Major League Soccer this month, he is almost certain to face negative reaction from some fans. (Bloomberg News)

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Woods Hopes To Win Own Tourney

Tiger Woods says he hopes to be a greedy host. Tiger wants to win this weekend's tournament. (Bloomberg News)

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China Postpones Web-Filtering

China postpones web-filtering software plan after U.S. protests. (Bloomberg News)

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Economy Rebounding - Schmidt

Google's C.E.O. says the economy is bouncing back and he sees optimistic to the following months. (Bloomberg News)

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Unemployed Return To School

Unemployed people return to school to re-position their selves in the economy. (Bloomberg News)

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Hotel Loan Defaults Double

Companies cut back on travel so much that as many as one in five U.S. hotel loans may default through next year. (Bloomberg News)

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Asian Market Check

Asian stocks sway between gains and losses. (Bloomberg News)

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The Health-Care Jobs Picture

Lots of other sectors lose jobs but health-care is gaining. (Bloomberg News)

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Kennedy Proposes Health Plan

Senator Kennedy propose a public health insurance plan that will finance itself. (Bloomberg News)

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GE Spinoff Capital

The sweeping financial reform plan could force G.E. to spinoff. (Bloomberg News)

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Wall St. Cuts Lobbying Spending - WSJ

Wall Street firms appear to cut lobbying. Financial sector spend $105 million to lobby congress and the government the first three months down 8% from the same period last year. (Bloomberg News)

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Could Disclosure Hurt Bank Supervision?

The Obama administration's big push for transparency may backfire after the release of internal e-mails. (Bloomberg News)

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Rates Near Zero For Years - Yellen

President Yellen thinks that interest rates could remain close to zero the next several years. (Bloomberg News)

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Estimated 395K Cuts In Payroll

Job losses slow for U.S. companies. Stabilized consumer spending may spur job growth and factories may boost production. (Bloomberg News)

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Jailed Till Trial - Stanford

Alan Stanford sits in jail until his trial. Stanford faces criminal charges for an alleged $7 billion ponzi scheme. (Bloomberg News)

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Iraq Fails To Award Most Oil Contracts

Iraq fails to award most of the oil contracts it put up for a bid yesterday. (Bloomberg News)

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20 Killed In Protest - Iran

Police chief says 20 protesters were killed following the re-election of Ahmadinejad. (Bloomberg News)

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Stopping The Cash Bleeding - Chrysler

Chrysler puts the brakes on use of cash. Its C.E.O. says stopping the bleeding is priority number one. (Bloomberg News)

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Cost To Wind Down Assets May Rise To $1.25B - GM

G.M. and government set aside $950 million to wind down parts of the auto maker that will not be taken over by the government. (Bloomberg News)

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European Market Check

Europe extends the biggest quarterly gain in a decade. Retailer reports add smaller than expected sales decline. (Bloomberg News)

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IMF To Issue Bonds For 1st Time

I.M.F. expects to approve issuing $150 billion of bonds. This bond is a way to beef up the cash position as it helps countries. (Bloomberg News)

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Hoenig Calls For Takeover Process For Failing Firms

Thomas Hoenig calls for a process of taking over financial firms that are failing letting them know they won't get a government guarantee. (Bloomberg News)

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FDIC Looks At Bank Takeovers

The F.D.I.C announce rules for private equity firms that take over banks. (Bloomberg News)

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Spike Lee On Michael Jackson

Only On The Web: Katie Couric speaks with acclaimed filmmaker Spike Lee about the recent death of pop superstar Michael Jackson. Lee and Jackson were friends who worked together on a music video.

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Investory Optimism Dissipates

The Gallup Index of Investor Optimism, a broad measure of investor perceptions, dropped to -21 in June, down from -1 in May.

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Amnesty accuses Israel of using human shields in Gaza

Amnesty International on Thursday accused Israeli forces of war crimes, saying they used children as human shields and conducted wanton attacks on civilians during their offensive in the Gaza Strip. Interview with Donatella Rovera, who led an Amnesty mission to Gaza and southern Israel.

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A lighter bill at Parisian restaurants?

Paris is one of the most expensive cities in the world, but with the government slashing value-added tax for the restaurant business from 19.6 percent to 5.5 percent, the cost of a meal at one of its famous terrasses is set to drop.

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Statue park reminds Lithuanians of Soviet past

They're a throwback to a bygone era, but the Soviet statues in Lithuania's Gruto Park still draw a crowd. While for the younger generation, the huge busts of Lenin and Stalin are something of a novelty, for the older park visitors, they're a reminder of 45 years of Soviet occupation.

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U2 takes to stage in Spain

Irish rock megastars U2 have launched their world tour in Barcelona before some 90,000 fans. The show was held on an immense stage that took up half the field at the home of the Barcelona football team.

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North Korea faces hunger- UN report

The UN's food aid agency warned on Wednesday that North Koreans, and especially children, face a "critical" food situation as donations have dried up amid the country's nuclear standoff with the world.

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A school in the forest

Five hundred kilometers from Montreal, several native communities live deep in the isolated forests. They still have no running water, no electricity, and no schools. So elders in one community have come together to open their own.

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Yemenia plane crash- one survivor as protests continue

France's large Comoran community was plunged into mourning and anger on Wednesday after the Yemenia A310 crashed off the Indian Ocean, with a 13-year-old girl so far the only survivor.

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Yemenia plane crash- survivor's father speaks up

The father of Bahia Bakari, the only survivor to have been rescued after the crash of a Yemenia jet into the Indian Ocean said he was "stunned" that his 13-year-old daughter was found alive and well.

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Global economy, climate change on Swedish EU agenda

Sweden took over the six-month rotating presidency of the European Union on Wednesday, vowing to tackle climate change and combat soaring unemployment in Europe following the global economic crisis.

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Leprosy on the rise in India's slums

Leprosy was thought to be eradicated in India's big cities like Mumbai, but experts say it is now on the rise. Doctors are warning that urgent action is required for awareness and prevention, particularly among the populations of the sprawling slums.

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