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SEC appeals Citigroup settlement

NEW YORK — The US Securities and Exchange Commission on Thursday appealed a court ruling which had blocked a deal to fine Citigroup $285 million on the grounds the regulator had let the bank off too lightly. The SEC said the judge’s call for Citigroup to be forced to admit…

‘Octomom’ doctor fails to win back medical license

LOS ANGELES — A California fertility doctor who infamously helped a woman give birth to octuplets lost a legal bid Thursday to win back his medical license, stripped from him due to “gross negligence.” The California Medical Board revoked Dr Michael Kamrava’s license in June because of a number of…

Buoyant economic data boosts U.S. stocks

NEW YORK — Positive data on the US jobs market, industrial activity and trade gave a boost to US stocks Thursday, but eurozone clouds continued to hover over the markets. The Dow Jones Industrial Average rose 45.33 points (0.38 percent) to finish at 11,868.81. The broader S&P 500 rose 3.93…

‘Occupy’ group takes ‘golden calf’ to Congress

WASHINGTON — About 20 “Occupy DC” protesters took their anti-corporate demonstration to the corridors of the US Congress, toting a “golden calf” made from papier-mache to symbolize lawmakers’ subservience to moneyed interests. The protest, said the group’s leader Jeremy John, aimed to call attention to the “the worship of money,”…

U.S. mayors decry rise in poverty, homelessness

WASHINGTON — US mayors sounded an alarm Thursday over deepening economic woes after a survey of 29 cities from Los Angeles to Washington showed worrying rises in homelessness and poverty-related food aid. “Here is the richest country in the world (and) we have people who cannot find a place to…

Pakistan insists air strikes were deliberate

WASHINGTON — Pakistan stood firm Thursday in charging that US-led forces deliberately carried out air strikes that killed 24 soldiers and led Islamabad to shut critical NATO supply routes to Afghanistan. Pakistan’s embassy in Washington invited reporters to a briefing at which officials showed images and maps that they said…

Jobless claims drop to 3.5 year low

WASHINGTON (Reuters) – New U.S. claims for unemployment benefits dropped to a 3-1/2 year low last week, a government report showed on Thursday, suggesting the labor market recovery was gaining speed. Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 366,000, the Labor Department said. That was…

US forces lower flag in Iraq ahead of pullout

US forces held a formal ceremony to lower the flag in Iraq on Thursday, ahead of their withdrawal from the country nearly nine years after the controversial invasion to topple Saddam Hussein. The ceremony marking the closure of the US military’s headquarters near Baghdad comes after US President Barack Obama…

Retail sales slide in November

Retail sales sank by 0.4 percent in November from the October level as heavy discounting failed to boost poor consumer sentiment, official data showed on Thursday. Market expectations had been for a smaller drop of 0.2 percent, according to analysts polled by Dow Jones Newswires. “Today’s official figures confirm that…

Republicans push $915 billion spending bill

WASHINGTON (Reuters) – Republicans introduced a $915 billion spending bill in the House of Representatives early on Thursday in an attempt to force Democrats to finalize legislation that would keep the U.S. government operating beyond the weekend. Only two days are left until a temporary funding measure expires and the…

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