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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.

GOP rejects White House's first fiscal cliff offer

Boehner called the talks with Treasury Secretary Tim Geithner "disappointing".

Warren Buffett says no time to waste on raising taxes on wealthiest Americans

Billionaire investor Warren Buffett has renewed calls for the government to raise taxes on the wealthiest Americans.

Egyptian stock market plummets as Morsi tries to defuse tensions

The 9.5 percent fall was the worst since last year's uprising that toppled Hosni Mubarak.

US stocks soar on Black Friday

Walmart reported its "best ever" Black Friday event despite numerous protests.

Strong sales for US housing market

There is good news for the housing market as prices are rising, sales are climbing and new home construction is starting to take off again. Sales of previously owned homes climbed steadily in October, rising to a 4.79 million annual rate, according to the National Association of Realtors. The sales rate beat most economists expectations and is 11 percent higher than a year ago, reports Bloomberg.

BP to admit crimes and pay $4.5 billion over Gulf oil spill; 2 employees charged with manslaughter

Eleven crew members died and millions of barrels of oil were released into the ocean when BP's Deepwater Horizon oil rig exploded.

Euro zone creeps into double dip recession

Europe's strongest economies continued to have modest growth but were dragged down by the sprawling debt crisis striking nations such as Spain and Greece.

Investors relieved as Facebook share price rises after lockup ends

Shares had been falling steadily until now and the company had lost about half of its value.

800m Facebook shares about to flood the market

Facebook's stock price has lost roughly half its value since it debuted at $38.
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