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Democrats hold seats in Wisconsin recall elections

RHINELANDER, Wis (Reuters) – Two Wisconsin Democratic state senators beat back Republican challengers on Tuesday in the last of a series of recall elections triggered by a fight over collective bargaining rights for public sector workers. Both Democrats and Republicans were claiming victory on Tuesday in a series of nine…

Bank of America weighs foreclosure deal

(Reuters) – Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter. The firm may pursue an accord with most of the…

Staples tops estimates, raises profit outlook

The news boosted Staples’ shares by 8.3 percent to $15.40 in premarket trading. Smaller rivals have also shown some improvement on the profit front lately, with Office Depot<ODP.N> reporting a smaller-than-expected quarterly loss andOfficeMax <OMX.N> posting better-than-expected earnings. Many investors look at office supply retailers as a good gauge of the economy…

US moral authority undercut by war on terror

The 9/11 attacks prompted an outpouring of international sympathy and support for the United States, but Washington’s subsequent “war on terror” undercut the superpower’s moral authority. Ten years later, analysts say, America has not fully recovered its standing as a steadfast defender of liberty and fierce protector of the rule…

Lightning strike injures eight at Florida water park

Eight people were injured in a lightning strike at SeaWorld’s Discovery Cove water park in Orlando, Florida, authorities said. “Three guests and five employees suffered from an indirect strike shortly before 5:00 pm (2100 GMT),” said park spokesman Nick Gollattscheck. “Some of the victims reported a tingling sensation and were…

Tobacco firms sue US over graphic cigarette labels

Four tobacco companies filed a lawsuit against the US Food and Drug Administration (FDA) over what they say are unconstitutional requirements for warning labels on US cigarette packaging. The third largest cigarette manufacturer in the United States, Lorillard, Inc., said they were “challenging nine new cigarette warnings as an unconstitutional…

Iowa no easy harvest for Obama in 2012

PEOSTA, Iowa — Once, Iowa highlighted Barack Obama’s soaring potential, but now the fabled swing state is a lens for his liabilities and challenges as he begins to ask voters for a second term in the White House. Obama and the first-in-the-nation nominating state that set a rookie senator on…

Wisconsin Democrats defend Senate seats in final recall election

Wisconsin Democratic state Senators Jim Holperin and Bob Wirch defended their seats from Republican challengers on Tuesday in the final set of recall elections. Unofficial results show Holperin and Wirch easily defeated Republican candidates Kim Simac and Jonathan Steitz. “I am proud to continue to represent the people of the…

Obama frets over ‘lone wolf’ attack as Sept 11 looms

PEOSTA, Iowa — US President Barack Obama on Tuesday played down prospects for a spectacular Al-Qaeda attack 10 years after the September 11th strikes, saying he worried more now about solitary extremists. “The most likely scenario that we have to guard against right now ends up being more of a…

Colbert Super PAC treasurer joins Rick Perry’s presidential campaign

Salvatore Purpura, the treasurer of Stephen Colbert’s Super PAC — called Americans for a Better Tomorrow, Tomorrow — has resigned from his position to join Texas Governor Rick Perry’s presidential committee, according to Politico. “We’re not surprised,” Colbert said in an email to Politico. “Sal is the best in the…

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