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Fed officials warn on bubbles but Bernanke cautious
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Two top U.S. Federal Reserve officials warned about the risks to the economy from asset bubbles on Wednesday.
IBT Feature
Japan's video game visionary: the console is dying
Hideo Kojima sees a future for digital entertainment outside the box -- outside any box.
Jim Young / REUTERS
Charles Prince and Robert Rubin, often blamed for huge losses at Citigroup during the 2008 banking crisis, voiced regrets on Thursday but did not take responsibility for Citi's woes or its $45-billion taxpayer bailout.
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Shares of UAL Corp and US Airways Group rose on Thursday in the wake of news that the two airlines were in merger talks.
The Bank of England kept interest rates at a record low of 0.5 percent for the 13th month running on Thursday and made no increase to its 200 billion pounds asset-buying scheme to boost the economy.
Nokia will offer free music with its mobile phones in China, as it looks to emerging markets to boost the download service that is struggling to compete with Apple Inc's popular iTunes.
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Sales of foreclosed or other "distressed" homes are flirting with the peaks of the housing crisis in early 2009 when heavy inventory was pressuring home prices lower, accordin...
A continued rise in consumer confidence helped push up Canadian home sales and prices in the first quarter, but interest rate hikes expected later this year should cool the market.