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Former Fox News producer claimed network's 'Brain Room' led to phone hacking

A former producer with Fox News claimed in a lengthy essay gaining new traction this week that the conservative television station has a "Brain Room" in its New York headquarters which enables employees to view private telephone records with ease.

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Moody's suggests U.S. eliminate debt ceiling

NEW YORK (Reuters) - Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.

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China firms have 'widespread weaknesses': agency

Ratings agency Fitch warned Monday of "widespread weaknesses" in Chinese corporate governance and a lack of "quality information" for shareholders after a spate of accounting scandals overseas.

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Gold soars above $1,600 per ounce for first time

The price of gold surged on Monday above $1,600 per ounce for the first time in history, as investors bought the safe-haven metal amid deepening debt worries in the eurozone and the United States.

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White House launches challenge to create anti-sexual assault app

The Apple iPhone slogan and refrain of smartphone users worldwide — "there's an app for that" — will soon be true of sexual assault prevention as well. The White House, the Department of Health and Human Services and Vice President Joe Biden launched a joint challenge that is hoped to reveal a clever way of tamping sexual assaults.

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Cost of Boeing's U.S. Air Force contract could overrun: report

Five months after Boeing won a massive contract to supply air refuelling tankers to the US Air Force, the US giant fears the project may run over budget, Focus magazine reported Sunday.

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New Mexico 'spaceport' in the works

No stranger to offbeat space-related news, businesspeople in New Mexico have plans to make the country's first "spaceport," an airport for privately owned spacecraft, NPR reported. Under the authority of the newly created New Mexico Spaceport Authority and Spaceport America, plans for the new space are set for a site outside Truth or Consequences, a tiny desert town.

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Facebook foreclosures on the rise

In the age of the online over-share, combined with the current slew of foreclosures and mortgage drama, it may not come as too much of a shock to hear that social networking and banking have merged in a very serious way. Attorneys and mortgage lenders in Canada, New Zealand and the United Kingdom were all recently allowed to serve foreclosure notices on Facebook, Time's Moneyland blog reported.

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U.S., Romania arrest more than 100 for cyber scams

WASHINGTON (Reuters) - U.S. and Romanian police have arrested more than 100 people in a year-long effort to stop Internet fraud schemes that have cost Americans more than $100 million, the U.S. Justice Department said on Friday.

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In a first for Starbucks, Chile workers strike

SANTIAGO/LOS ANGELES (Reuters) - Starbucks Corp has been hit with its first strike at a company-operated cafe in Chile, where some workers are seeking pay and benefit increases, union and company representatives told Reuters on Friday.

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Apple fixes security flaw in iPhone, iPad software

BOSTON (Reuters) - Apple Inc has plugged a hole in the software that runs iPhones, iPads and iPod Touch music players that could allow hackers to take remote control of those devices.

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S&P threatens downgrade of U.S. finance companies

NEW YORK (Reuters) - Standard & Poor's on Friday raised the pressure on Washington debt negotiators, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms if there is not a deal soon to lift the debt ceiling and cut the deficit.

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Senate bill would kill stock option tax break

WASHINGTON (Reuters) - A tax code loophole that gives corporations large deductions on executive stock options would be closed under legislation unveiled on Friday.

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