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Stock market collapse affects average people's lives.

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...drugs and common OTC medications like Excedrin and Gas-X manufactured by Swiss drug maker Novartis. The issue is a result of major manufacturing problems at a Lincoln, Nebraska, facility which was shut down last month because of the issues. Novartis has recalled bottles of Excedrin, Bufferin, Gas-X and NoDoz which may have included mixed up pills. Now the Food and Drug Administration says some of...

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...te market will increase nearly 8%. There were surprise gains in 2013 that took place in all parts of the country, causing the estate agents and banks to estimate that this boom in the UK property market will continue throughout 2014. This seems to be the consensus view among economists and property professionals. There has been a round up of a survey that was conducted by more than seven banks, es...

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...ese companies have recently been seen change direction towards the B2B market. These firms, with all their e-business operations, which include business-to-consumer sales and marketing, business-to-business procurement, online navigational and car alarm technologies etc., are gradually and quite quickly shifting from traditional suppliers to the online arena. Just like all other offline car produc...

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Pepsi Next is made with a mix of three artificial sweeteners and high fructose corn syrup

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NYSE Dow Jones is the ninth consecutive day of decline marking the collapse of the longest history.

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NYSE decline and its echo on Asian and European markets. Hong Kong SE fell by 7.24%.  [googlead tip="vertical_mediu"] New York Stock Exchange opened on red. A new session of the US stock market was on chaos. Few minutes after the trading session opening, the Dow Jones has already decreased by 7.3%, being lowest in the last five years. The state of uncertainty and not very encouraging prospects ca...

Taken 2 took $22.5 million according to early estimates

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Consumer watchdog Office of Fair Trading alleges that GSK paid rivals to delay the release their own versions of Seroxat drug

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Pharmaceutical giant GlaxoSmithKline (GSK) has been accused of market “abuse” by the consumer watchdog, the Office of Fair Trading (OFT). The OFT alleges that the company paid rivals to delay the release their own versions of GSK’s antidepressant drug Seroxat (paroxetine). Alpharma, Generics UK and Norton Healthcare all received money not to enter the market with their copies of...

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Markets on both sides of the Atlantic suffered sharp price drops on Thursday, as a collective fear amongst traders ran amok. With the FTSE down 1.6% and the Dow Jones down 1.5%, it recorded the worst drop since June. Both markets attributed the decline to fears that banks will shortly push interests rates up again. However, Mark Carney of the Bank of England has promised to keep rates at the reco...

Global markets have fallen sharply after the Federal Reserve signaled it may begin to scale back its stimulus of the US economy

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Global markets have fallen sharply after the Federal Reserve signaled it may begin to scale back its stimulus of the US economy later this year. European stock markets were down 3% or more by the close, as US markets fell a further 1.5% at their open. Other risky investments, such as bonds and commodities also fell, with short-term cash offering the only safe haven. The dollar rose as markets ant...

Twitter plans to join the stock market in the most hotly anticipated flotation since Facebook's last year

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Twitter plans to join the stock market in the most hotly anticipated flotation since Facebook’s last year. Referring to the official paperwork needed to join the market, the company tweeted: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO [initial public offering].” Investors value Twitter, founded in 2006 by Jack Dorsey, Biz Stone and Evan Williams, a...

Taken 2, Liam Neeson's thriller sequel, has topped the US and Canadian box office

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Taken 2, Liam Neeson’s thriller sequel, has topped the US and Canadian box office, taking $50 million, despite a poor reception from critics. That is double the opening weekend for the original film, which took $24.7 million in 2009. Last week’s number one, Adam Sandler animation Hotel Transylvania, was at two with $26.3 million. Glee-style musical Pitch Perfect was in third with $14....

Stock Market

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...nerving investors, who have been piling out of riskier investments like commodities and equities for the perceived safety of higher-rated government bonds. U.S. banking stocks are heading into a bear market as Europe’s debt crisis pressures the sector. The KBW Bank index , which measures the performance of 24 U.S. banks, is down 16 percent from a peak in March. The index was down 1.2 percent...

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Scarlett Johansson has eventually admitted the leaked photos were taken for her former husband Ryan Reynolds. Speaking for the first time about the photos which became an internet sensation Scarlett Johansson said she wasn’t ashamed to have taken the shots. Scarlett Johansson even joked: “I know my best angles.” The actress said she had taken the two self portraits on her cell p...

The images, taken by Andrew Kitzenberg, a resident of the Watertown street, in the early hours of Friday, show the Tsarnaev brothers sheltering behind a vehicle and clearly taking aim at police officers

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...s a pressure cooker bomb. “The use of this explosive created an enormous cloud of smoke that covered the entire street,” he wrote. “While the street was still cloudy with smoke one of the brothers started running down the street towards the officers, while still engaging them in gunshots. “As he got closer to the officers, within 10 -15 yards of them he was taken down.” Andrew Kitzenberg added h...

At least 20 people have been killed by the bomb blast that struck a busy market on the outskirts of Pakistan's capital

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...istan’s PM Nawaz Sharif condemned Wednesday’s bombing. At least 20 people have been killed by the bomb blast that struck a busy market on the outskirts of Pakistan’s capital (photo AFP/Getty Images) He said it was an effort by Pakistan’s enemies to destabilize the country, but that the government would remain resolute in its efforts for peace, according to his office. The latest...

Apple, the world's most valuable firm, is now the most valuable company of all time, with a market value of approximately $623 billion

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...However that figure is not adjusted for inflation. The news comes ahead of the anticipated launch of the iPhone 5, and possibly a smaller and cheaper iPad. Apple, the world's most valuable firm, is now the most valuable company of all time, with a market value of approximately $623 billion Apple shares hit $664.74 in New York midday trading, before falling to $663. That was $14.98, or 2.3%, h...

Volodymyr Gerashchenko, of Ukraine's National Olympic Committee (NOC), told a reporter posing as a UK tout he would have up to 100 tickets to sell

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...h. Possible? “Better cash and finished with it. I hope to arrive 10 July.” When asked by the BBC why he was prepared to break Olympic rules and UK law in offering his country’s Olympic tickets on the black market, Volodymyr Gerashchenko claimed he had “never planned to sell tickets in the UK” and had been making “diplomatic talk to satisfy the persistent interes...

Americans Alvin Roth and Lloyd Shapley have won the 2012 Nobel Prize in economics

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...of mathematical economics that seeks to determine how rational individuals choose to co-operate. In the early 1980s, Alvin Roth set out to study the market for newly-qualified doctors and study stable matching in the real world. This was a problem as a scarcity of medical students – such as that which existed in the US in the 1940s – forced hospitals to offer internships earlier and e...

Switzerland declined to sign deal granting Croatians free access to employment market after a recent referendum invalidated the Swiss-EU pact on freedom of movement

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Switzerland has declined to sign a proposed deal granting Croatians free access to the Swiss employment market. Croatia and Switzerland had agreed the deal last summer after Croatia joined the EU. Switzerland said the accord could not be signed “in its current form”, after a recent referendum invalidated the Swiss-EU pact on freedom of movement. Swiss voters narrowly backed a proposal...

Google Keep allows users to keep checklists and voice notes, and annotate photos

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Google’s new service, Keep, allows users to keep checklists and voice notes, and annotate photos. The digital memo market is a burgeoning one and the offering will put Google head to head with services such as Evernote. Experts predict that Google might have entered the market a little too late. Memory aid services are striking a chord with consumers and employees who are increasingly swamped by...

Gilead wants to be able to market Truvada (tenofovir+emtricitabine), which is currently used as a HIV treatment, as a preventative pill to uninfected individuals

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A large debate has sparked among public health advocates in US after the pharmaceutical company Gilead has applied to the FDA to market its HIV treatment medication Truvada as a HIV prevention pill. Gilead wants to be able to market Truvada (tenofovir+emtricitabine), which is currently used as a HIV treatment, as a preventative pill to uninfected individuals, reports California Watch. If the prod...

Apple shares have tumbled 10 percent as investors fret over whether the company could lose its dominance in the smartphone market

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Apple shares have tumbled 10% as investors fret over whether the company could lose its dominance in the smartphone market. About $50 billion was wiped off Apple’s value after the biggest daily drop in the firm’s stock in four years. Flat profits and record quarterly revenue of $55 billion were not enough to overcome disappointment over sales of the company’s new iPhone 5. Analy...