Gupta trial defense bids to sow doubt with phone records

NEW YORK (Reuters) - Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta on Wednesday tried to use phone records to sow doubt at his insider-trading trial about contact with now-imprisoned hedge fund founder Raj Rajaratnam.


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Deal or no deal, Morgan Stanley commodity trade shrinks

NEW YORK (Reuters) - The hard core of Morgan Stanley's commodities trading empire, once the mightiest on Wall Street famed for its powerful union of paper and physical deals, is shrinking.


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Yellen argues for more Fed easing amid Europe risk

BOSTON (Reuters) - The Federal Reserve's second-highest official on Wednesday laid out the case for the U.S. central bank to provide more support to a fragile economy as financial turmoil in Europe mounts.


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EU, Germany exploring Spanish rescue, no request yet

MADRID/BERLIN (Reuters) - Germany and European Union officials are urgently exploring ways to rescue Spain's debt-stricken banks although Madrid has not yet requested assistance and is resisting being placed under international supervision, European sources said on Wednesday.


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Analysis: In scare for newspapers, digital ad growth stalls

(Reuters) - As more newspapers cut back on print to reduce costs and focus on their websites, a troubling trend has emerged: online advertising sales are stalling.


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Markets up broadly on hopes for Spanish banks, stimulus

TOKYO (Reuters) - Asian shares hit one-week highs on Thursday, and commodity prices and the euro firmed, on signs that Europe was dealing urgently with Spain's banking crisis and that the United States could embark on fresh monetary stimulus.


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LinkedIn, eHarmony suffer data breaches

BOSTON/NEW YORK (Reuters) - Social networking site LinkedIn and online dating service eHarmony warned that some user passwords had been breached after security experts discovered scrambled files with passwords for millions of online accounts.


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Chinese investment into Europe set to boom: study

LONDON (Reuters) - Europe is riding a gathering wave of Chinese direct investment that could bring in $250 billion to $500 billion in fresh capital this decade, generating jobs but giving policymakers headaches in return, a report released on Thursday said.


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Insight: Can Occupy Wall Street survive?

(Reuters) - More than eight months after Occupy Wall Street burst onto the global stage, decrying income inequality and coining the phrase "We are the 99 percent," the movement's survival and continued relevance is far from assured. Donations to the flagship New York chapter have slowed to a trickle. Polls show that public support is rapidly waning. Media attention has dropped precipitously.


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S&P 500 ends flat but Europe, U.S. data still drag

NEW YORK (Reuters) - The S&P 500 ended flat on Monday after recent sharp losses, though worries about the European debt crisis and weaker U.S. data kept investors wary of equities.


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