European shares, euro rebound from steep losses

LONDON (Reuters) - European shares and the euro on bounced off their previous session's steep falls early on Friday despite unease over European economic forecasts, ECB crisis loan repayment data and Italian elections at the weekend. The German Ifo business climate indicator for February rose to 107.4 from 104.2, helping to lift the mood after Thursday's disappointing PMI data rattled...

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India Ink: Biswas Nath, the Cycle Shop Owner from Uttar Pradesh

Why do millions of people, from entire Indian villages to urbane middle managers to foreign tourists, brave the crowds at the Kumbh Mela? During this year’s 55-day pilgrimage, to Allahabad, Uttar Pradesh, an estimated 100 million Hindus and others are expected to take a holy dip in the Ganges River to wash away their sins. India Ink interviewed some of them.Biswas Nath, 38, a cycle shop owner from...

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American Idol: Women Face Sudden-Death Round

American Idol By Jamie Bufalino 02/20/2013 at 11:00 PM EST Mariah Carey Mario Anzuoni/Reuters/Landov American Idol threw yet another new twist at its 40 remaining contestants: a sudden-death round. "One song, one chance, no mercy," Ryan Seacrest said as the first...

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Adults get 11 percent of calories from fast food

ATLANTA (AP) — On an average day, U.S. adults get roughly 11 percent of their calories from fast food, a government study shows.That's down slightly from the 13 percent reported the last time the government tried to pin down how much of the American diet is coming from fast food. Eating fast food too frequently has been seen as a driver of America's obesity problem.For the research, about 11,000 adults...

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Doubt on Fed easing hits shares, commodities

LONDON (Reuters) - World share markets fell and the dollar and safe-haven assets rose on Thursday, a day after minutes of the Federal Reserve's last policy meeting cast doubts over how much longer the U.S. central bank would stick to its stimulus plan. After the minutes were released the euro skidded to a six-week low against the dollar of $1.3235, Asian shares experienced their worst...

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Bulgarian Government Is Reported Set to Resign

The government of Bulgaria will resign Wednesday afternoon following a week of sometimes violent protests, Prime Minister Boiko Borisov said in a surprise announcement to Parliament. "The people gave us power and today we are returning it," he said, according to local news reports. ReutersPrime Minister Boiko Borisov of Bulgaria in Parliament on Wednesday. “The people gave us power and...

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What's Next for Mindy McCready's Two Young Boys?

By Steve Helling 02/19/2013 at 07:00 PM EST Mindy McCready's apparent suicide on Sunday has left her two young sons in custodial limbo.The boys – Zander, 6, and Zayne, 10 months – had been in state custody since Feb. 7, when McCready called police to ask for help in making her father and stepmother leave her...

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Drug overdose deaths up for 11th consecutive year

CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines."The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed...

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European shares steady awaiting further growth signals

LONDON (Reuters) - European share markets were little changed on Wednesday, awaiting further signs of improving global economic recovery after a big rise in the previous session fuelled by encouraging German data. The FTSE Eurofirst <.fteu3> index of top European shares was down 0.1 percent in early trading, having gained 1.1 percent on Tuesday, its best day for three weeks <.fteu3>....

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For His Second Act, Japanese Premier Plays It Safe, With Early Results

Toru Hanai/ReutersPrime Minister Shinzo Abe, whose policies have sent the Tokyo stock market up, will visit Washington this week. TOKYO — Since taking office less than two months ago, Japan’s outspokenly hawkish new prime minister, Shinzo Abe, has been in what some political analysts are calling “safe driving mode.” He has carefully avoided saying or doing anything to provoke other Asian nations,...

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