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| Prime Minister Gordon Brown's open investment policy runs counter to more protectionist stances in the U.S. and much of Europe. Backers credit it with spurring growth, but critics question the long-term cost.
Middle Eastern governments are demonstrating their clout in global financial markets as oil prices soar. A burst of deal activity took place, including a battle between two Persian Gulf emirates over London's exchange.
Freedom, Pa., is home to two friends' bold idea -- the simultaneous, nationwide waving on July 4 of a red, white and blue "Official Uniting Towel of America." They even have a spokesman: Hulk Hogan.
Money launderers are using small ATM transactions to move large amounts of money around the globe without detection. The strategy has emerged as a vexing challenge for officials charged with stanching the illegal movement of money by drug traffickers, terrorists and organized-crime rings.
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| MARKETPLACE |
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| Viacom is engaged in a behind-the-scenes battle over the future of DreamWorks with founders Stephen Spielberg and David Geffen, who have hinted they may leave the film studio next year.
An FDA bill in Congress giving the agency more power won't tighten rules for drug ads.
A shortage of a highly purified silicon is shaking up the solar-power industry, giving companies that didn't exist a decade ago a chance to challenge longtime leaders.
NASA is loosening its vision standards for potential astronauts, allowing more men and women to reach for a dream of flying into space.
Web sites that evaluate the statistical claims made by presidential candidates demonstrate how common it is for politicians to massage statistics or cherry-pick numbers in order to make a point.
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| MONEY & INVESTING |
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| Qatar Investment Authority snapped up a 9.98% stake in OMX, threatening Nasdaq's bid. Qatar also bought a 20% stake in the London Stock Exchange.
The dollar declined broadly, falling against the euro, yen and the pound. The euro pushed past $1.40 for the first time.
Borse Dubai's intentions for LSE aren't clear, despite reassurances that their stake in it is not a prelude to a full takeover. Should Dubai try, LSE Chief Clara Furse may be able to rely on Qatar to help defend her from a hostile bid.
Investors got assurance from recent earnings reports that brokerage firms are weathering the credit-market storm.
The Dow industrials shed 48.86 points to end at 13766.70, as inflation fears weighed on stocks. Gold soared to a 27½-year high of $732.40 a troy ounce.
Lower corn and ethanol prices could give the Fed inflation relief.
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| WEEKEND JOURNAL |
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| Sin never goes out of style, but confession is undergoing a revival. Aggressive marketing by churches has helped reinvent confession as a form of self-improvement rather than a punitive rite.
Sean Penn's adaptation of "Into the Wild" is as stirring, entertaining and steadfastly thrilling as it is beautiful; The exceptionally long "Assassination of Jesse James" dodges the bullet of hapless self-importance.
Thousands of property owners across the country are now renting out homes they cannot sell. The result, some neighbors say: overgrown lawns, loud parties and the increased risk of declining property values.
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