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IMF's Lagarde: US faces 'zero' growth without a comprehensive budget deal

International Monetary Fund Managing Director Christine Lagarde said the US is at risk of zero percent growth rate next year without a comprehensive deal to avoid the fiscal cliff.

AIG estimates its Sandy loss at $1.3 billion

The insurance company American International Group said on Friday that it is expecting to take an after tax loss of at least $1.3 billion related to superstorm Sandy. Reuters reports that New York-based AIG will contribute $1 billion from existing funds to its US property insurance subsidiaries to help cover the losses from the storm.

UN conference on internet hit by hackers

A UN telecommunications conference in Dubai was hit by hackers this week.

Jobless claims drop to pre-Sandy levels

The number of people claiming unemployment benefits dropped for the third straight week last week as the effects of superstorm Sandy stabilize. Initial claims for state unemployment benefits dropped 25,000 to a seasonally adjusted 370,000, the Labor Department said on Thursday.

Move over China: Apple to make Macs in US

Cook said that he believes it’s important to bring more jobs back home in America, where unemployment hovers around 8 percent.

The Dow Jones industrial average jumps Wednesday on China news

The Dow Jones industrial average rose 83 points Wednesday with news that the Chinese government was working to strengthen the economy.

Call of Duty: Black Ops II reaches $1 billion in sales

Call of Duty: Black Ops II topped one billion dollars in sales Wednesday, the quickest video game ever to reach the milestone at 15 days.

The Daily folds: News Corp's tablet publication goes bust

Rupert Murdoch's the Daily, an iPad only newspaper, announced Monday that it was closing its doors.

Starbucks to reconsider its no-tax status in the UK

Reuters examined Starbucks accounts and reports that the company showed 13 years of losses in the UK when it told investors it's British unit was extremely profitable.

Chinese manufacturing ramps up to highest level in 7 months

Chinese manufacturing rose to its highest level in seven months according to an official index.
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