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Wal-Mart profit up, U.S. same-store sales fall

CHICAGO (Reuters) – Sales at Wal-Mart Stores Inc’s U.S. discount stores open at least a year fell 0.9 percent during its second quarter, marking the ninth straight quarterly decline as it tries to lure back bargain hunters. The world’s largest retailer said on Tuesday that it earned $1.09 per share…

Beaten baseball fan making progress

Bryan Stow, the San Francisco Giants fan brutally beaten outside Dodger Stadium on baseball’s opening day, has made “significant improvement,” his doctor said Monday. Stow, who suffered serious brain injury in the attack, is awake and breathing on his own, doctor Geoff Manley said. Manley, the chief of neurosurgery at…

Biden heads to China to woo next Chinese leader

Vice President Joe Biden heads to China in hopes of winning favor with the rising power’s next leader, seeking a smoother relationship after Beijing’s sharp criticism of US fiscal policy. Biden will spend five days in China, an unusually long trip that comes at the invitation of Vice President Xi…

Obama, 2012 Republicans clash on jobs

President Barack Obama has told Republicans to stop playing games that hurt the US economy, but his foes mocked his “Magical Misery” tour by bus through key Midwest swing states. Reeling from one of the bleakest patches of his crisis-strewn presidency, Obama on Monday boarded his new $1.1 million Secret…

Warren Buffet signals successor has been chosen

American billionaire Warren Buffett has indicated that a successor to head his Berkshire Hathaway firm has already been “agreed on” and could step in as soon as the investment guru retires or dies. “There’s several people, but there’s one person they’ve all agreed on,” Buffett, speaking of his holding company’s…

FCC to probe BART for cutting off cell phone service

The Federal Communications Commission will investigate the San Francisco’s Bay Area Rapid Transit’s (BART) decision last week to shut down cell phone service for three hours at its train stations to disrupt a planned protest. “Any time communications services are interrupted, we seek to assess the situation,” FCC spokesman Neil…

‘Anonymous’ protests peacefully in San Francisco subway

SAN FRANCISCO (Reuters) – A few dozen protesters turned out on Monday for a San Francisco rally organized by the hacker group Anonymous to protest alleged police brutality and what they called anti-free speech tactics by authorities. Bay Area Rapid Transit, the commuter train service in the San Francisco area,…

Obama goes head-to-head with tea party activist

DECORAH, Iowa — US President Barack Obama went head-to-head with a prominent conservative Tea Party activist, in a microcosm of a political clash that will play out in the 2012 election. Ryan Rhodes, a leader of the group in Iowa, took on Obama during an open-air town hall meeting, which…

Rachel Maddow: Ames Straw Poll is a meaningless ‘racket’

MSNBC host Rachel Maddow explained on her show Monday night why the Ames Straw Poll in Iowa was a “bingo game” with meaningless results for the Republican presidential race. “The sort of refreshing thing about the Ames Straw Poll is that the people making money off this racket, the Iowa…

Cenk Uygur rips CNN’s Fareed Zakaria for saying ‘liberals need to grow up’

The Young Turks host Cenk Uygur criticized the “Washington conventional wisdom” of CNN’s Fareed Zakaria on Monday. Zakaria said that liberals have a “recurring fantasy” that President Barack Obama could take his case to the American people rather than compromising with Republicans in Congress and added that “liberals need to…

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