NEW YORK (Reuters) – U.S. stocks accelerated their losses on Friday with the S&P 500 down 3 percent as investors worried the economy’s recovery might not be sustainable and shares of financials tumbled.

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Stocks slide on outlook; S&P off 3 percent

(10-30) 12:15 PDT Indianapolis (AP) — Perhaps the secret to NFL perfection is having a former Purdue quarterback on your roster. The New Orleans Saints, Denver Broncos and Indianapolis Colts are a combined 18-0 this season, and they are the…

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New Orleans Saints – NFL – Indianapolis Colts – Denver Broncos – Sport

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NFL’s 3 undefeated teams all have Purdue QBs

(10-30) 12:15 PDT Chicago (AP) — The new owner of the Chicago Cubs knows what fans want to hear and he didn’t wait long to deliver. Tom Ricketts was only a few moments into his first news conference as owner of the storied franchise Friday…

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Chicago Cubs – World Series – Baseball – sport – Thomas S. Ricketts

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New Cubs owner vows to win World Series

(10-30) 12:15 PDT , (AP) — Retail gasoline prices chugged higher Friday to a new peak for the year, forcing consumers to dig deeper into already-thin wallets to pay for fuel. At the same time, natural gas prices also were moving up again and…

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Gasoline and diesel usage and pricing – Gasoline – Gallon – Consumer Information – Home

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Retail gas prices highest in a year

The World Economic Forum reorders the world of finance by rating Britain and Australia over the U.S.—and booting France and Germany from the top 10

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Global Finance: Britain Is No. 1

Washington may be struggling with climate change policy, but German energy companies are angling for a piece of the action in Obama’s green energy push

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German Energy Giants Eye a Greener U.S.

(10-30) 12:12 PDT Columbus, Ohio (AP) — The Ohio Bureau of Workers’ Compensation has lowered the discount available to employers who participate in a group-rating system. The bureau’s Board of Directors voted Friday to decrease the maximum…

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Workers Compensation – Board of Directors – Law – United States – Columbus Ohio

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Ohio workers’ comp agency lowers discount

(10-30) 12:11 PDT LONDON, United Kingdom (AP) — World Cup bidders are allowed to provide gifts of “incidental value” to FIFA voters, according to rules of conduct made public for the first time by soccer’s governing body. FIFA published the…

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World Cup – FIFA World Cup – Association football – FIFA – Soccer

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WCup bidders can only provide ‘symbolic’ gifts

(10-30) 12:10 PDT Honolulu (AP) — The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii. HUD’s Mortgagee Review Board wants to permanently withdraw the HUD/Federal Housing…

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Mortgage – United States Department of Housing and Urban Development – United States – Hawaii – Reverse mortgage

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Feds taking action against reverse mortgage lender

(10-30) 12:09 PDT New York (AP) — A strong relaunch of a skin-care line and better-than-expected sales at airport stores helped Estee Lauder Cos. more than double its fiscal first-quarter profit, the company said Friday, but it remained cautious on…

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Clinique – Skin – Cosmetics – Beauty – Estee: A Success Story

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Estee Lauder 1Q profit more than doubles

Plus a Wall Street analyst opinion on Stanley Inc.

Stock Picks: McAfee, Estee Lauder, Harman

(10-30) 11:42 PDT Irving, Texas (AP) — Commercial Metals Co. reported a precipitous drop in fiscal fourth-quarter earnings Friday as the steel maker struggled with weaker prices and demand amid the economic slowdown. Net income plunged to $…

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Business – Net income – Associated Press – Recession – Metal

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Commercial Metals posts steep decline in 4Q profit

Biotechnology behemoth Amgen Inc. is being sued by 15 states alleging the company gave kickbacks to medical providers to help boost sales of the anemia drug Aranesp. The New York Attorney General’s office says it and 15 states allege the…

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15 states sue Amgen alleging kickback scheme

NEW YORK (Reuters) – Billionaire investor Carl Icahn, who had challenged CIT Group Inc’s restructuring plan, said on Friday he was now backing the company’s pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender.

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CIT, Icahn agree on restructuring plan

(10-30) 11:37 PDT Sacramento, Calif. (AP) — A newspaper says the press secretary for California Attorney General Jerry Brown has been secretly recording telephone conversations with reporters, an apparent violation of state law. The San…

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California – Jerry Brown – California Attorney General – United States – Sacramento California

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Report: Spokesman for Brown admits secret taping