Traders work on the floor at the New York Stock Exchange in New York, Jan. 2. The 'fiscal cliff' compromise, for all its chaos and controversy, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year. (Seth Wenig/AP)
Stock markets leap after 'fiscal cliff' compromise, but problems lurk
The House of Representatives passed the budget bill late Tuesday night, a contentious exercise because many Republicans had wanted a deal that did more to cut government spending.
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Are 'fiscal cliff' woes killing Christmas sales?
In last weekend before Christmas, traditionally a strong sales period, shoppers cite worries over taxes and so-so discounts as reasons to rein in spending. Experts warn of ho-hum holiday sales.
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Burger King spitting suit: Racism in a Whopper Jr.? (+video)
Burger King spitting suit settled out of court: A black man claimed in a federal lawsuit that a white Burger King employee in Pennsylvania spit on his burger. Burger King argued there was no evidence. A judge disagreed.
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Milk prices could double if Congress doesn't act (+video)
Milk prices are poised to move higher next year unless Congress passes legislation to supersede a 1949 law. That law would boost milk prices by forcing up the price at which government buys milk to keep it off store shelves.
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Stocks edge up as investors await fiscal cliff deal
Stocks ended higher Thursday despite fiscal cliff uncertainty weighing on stock traders' minds.
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Newtown post office flooded with condolences
Newtown, Conn.'s post office has been receiving a deluge of letters, cards, care packages and drawings from around the world in the wake of the shooting at Sandy Hook Elementary School.
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Teacher inherits $7 million in gold coins from reclusive cousin
Teacher inherits $7 million: Actually, it was $7.4 million stash. A San Rafael teacher inherited two wheel barrows worth of 2,900 Austrian coins, 4,500 from Mexico, 500 from Britain, and 400 U.S. gold pieces.
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Stocks sink as budget deadline nears
Stocks closed down on Wall Street as a year-end deadline nears with no deal in hand to cut the US government's budget deficit. Telecommunications stocks and health care stocks fared the worst.
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UBS to pay $1.5 billion in fines over LIBOR rate scandal
The Swiss bank agreed to the fine Wednesday, settling with US, British, and Swiss regulators. In the case, UBS employees tried to rig the London Interback Offered Rate, or LIBOR, using different currencies.
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