Stocks pause as fiscal cliff boost fades

Click on chart for more premarket data. NEW YORK (CNNMoney) -- Could the fiscal cliff talks be helping stocks? That's a stretch, of course. Disaster may still loom. Markets have reacted well this week as negotiations in Washington picked up speed....

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The cost of cheap clothes at Wal-Mart, Sears

Fires at a Bangladesh apparel factory that made items for retailers like Wal-Mart and Sears killed 112 workers last weekend. NEW YORK (CNNMoney) -- A deadly fire at a Bangladesh apparel factory that manufactured items for major U.S. stores like Wal-Mart...

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You won the lottery! What's your tax hit?

When big lottery prizes are doled out, Uncle Sam wins the jackpot too - in taxes. NEW YORK (CNNMoney) -- The winners of the biggest Powerball lottery in history aren't the only ones celebrating. The IRS has hit a jackpot of its own, with millions...

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Facebook and Zynga tear up their contract

Facebook formerly had a unique deal with Zynga, but the amended contract makes the partnership much more similar to that of other developers. NEW YORK (CNNMoney) -- Facebook and Zynga have always been deeply intertwined, but the companies signed paperwork...

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Yum shares drop on weak China sales

Same store Yum sales in China will decline in the fourth quarter. HONG KONG (CNNMoney) -- Shares of Yum Brands dropped 7% in off-hours trading after the company said it expects sales at restaurants in China to fall in the fourth quarter. Sales at...

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GDP growth slows in India

India GDP grew at 5.4% in the latest quarter. HONG KONG (CNNMoney) -- The pace of economic growth in India slowed during the latest quarter, the government's ministry of statistics said Friday. Gross domestic product, the broadest measure of a nation's...

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IMF paper: China investment excessive

China needs to scale back investment by about 10% of GDP, according to IMF research. HONG KONG (CNNMoney) -- China's policymakers are leaning too heavily on investment to boost economic growth, a strategy that could destabilize the world's second...

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Fiscal cliff countdown: Automatic spending cuts

President Obama and Majority Leader John Boehner have to deal with sequestration as part of their fiscal cliff talks. NEW YORK (CNNMoney) -- There's one part of the fiscal cliff that nearly everyone agrees on: avoiding the $1.2 trillion in automatic...

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Unemployment benefits cost: $520 billion

Two million people could lose unemployment benefits over the holidays if Congress doesn't act. NEW YORK (CNNMoney) -- Jobless Americans have collected more than half a trillion dollars in benefits over the past five years. State and federal unemployment...

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Groupon CEO: I'm not surprised about firing rumors

Groupon CEO Andrew Mason says "if I ever thought I wasn't the right guy for the job, I'd be the first person to fire myself." NEW YORK (CNNMoney) -- Rumors are swirling that Groupon's board is considering replacing founder and CEO Andrew Mason with...

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Customer complaints soar at Toys R Us

Toys R Us shoppers are taking to the retailer's Facebook page to complain that the store couldn't keep up with the swell of holiday shoppers. NEW YORK (CNNMoney) -- Toys R Us may have bitten off more than it can chew. Since the beginning of the holiday...

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SEC closer to taking action against SAC Capital

NEW YORK (CNNMoney) -- The Securities and Exchange Commission is getting closer to taking enforcement against SAC Capital related to the largest insider trading case ever. SAC Capital, a $14 billion hedge fund run by billionaire Steven A. Cohen, received...

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Tobacco companies ordered to advertise smoking risk

A man smokes a cigarette in San Francisco last year. NEW YORK (CNNMoney) -- A federal judge ordered the nation's major tobacco companies on Tuesday to take out advertisements acknowledging the health risks of smoking. The decision stems from a lawsuit...

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Federal Reserve official aims for 6.5% unemployment

Chicago Fed President Charles Evans has been urging his colleagues to adopt clear economic targets that would determine the central bank's policies. NEW YORK (CNNMoney) -- Just how far should the unemployment rate fall before the Federal Reserve raises...

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Stocks: Eyes on the fiscal cliff

Click on chart for more premarket data. NEW YORK (CNNMoney) -- The fiscal cliff remains in focus Wednesday, as investors await further news on the negotiations. U.S. stock futures were lower in early trading. Senate Majority Leader Harry Reid said...

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Green Mountain jumps 23% on rosy outlook

NEW YORK (CNNMoney) -- Green Mountain Coffee Roasters issued a better than expected outlook for the company's upcoming fiscal year, sending shares up 23% after the closing bell on Tuesday. The maker of K-cup single-serving coffee drinks said it expects...

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Tobacco companies ordered to advertise smoking risk

A man smokes a cigarette in San Francisco last year. NEW YORK (CNNMoney) -- A federal judge ordered the nation's major tobacco companies on Tuesday to take out advertisements acknowledging the health risks of smoking. The decision stems from a lawsuit...

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Federal Reserve official aims for 6.5% unemployment

Chicago Fed President Charles Evans has been urging his colleagues to adopt clear economic targets that would determine the central bank's policies. NEW YORK (CNNMoney) -- Just how far should the unemployment rate fall before the Federal Reserve raises...

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Does Powerball really boost the economy?

Lottery players in Tiverton, R.I. line up to buy Powerball tickets. NEW YORK (CNNMoney) -- Millions of Americans are buying tickets for Wednesday's $425 million Powerball lottery, and you'd think that would mean a big economic boost for the 43 states...

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Why old media stocks are on top today

Stocks of traditional news and entertainment companies are besting new media upstarts. NEW YORK (Money Magazine) -- Big media companies were supposed to die outright along with the old tube TV set. At least that was the thinking a few years ago as...

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Adam Bain: Twitter's adman delivers

Adam Bain at Twitter's San Francisco headquarters (Fortune) -- Moments after Vice President Joe Biden called Paul Ryan's foreign-policy comments "a bunch of malarkey" during the Oct. 11 vice presidential debate, the Obama campaign bid on the trending...

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Troubled broker Knight Capital may be for sale

Knight Capital's shares are down more than 75% following its $440 million trading glitch. NEW YORK (CNNMoney) -- It hasn't been business as usual for Knight Capital since a massive software glitch in August nearly felled the 15-year old trading firm....

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Cyber Monday off to a strong start

Cyber Monday shoppers are flocking to their computers and smartphones to take advantage of discounts at their favorite retailers. NEW YORK (CNNMoney) -- Cyber Monday is off to a strong start, with shoppers flocking to their computers and smartphones...

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IMF, eurozone reach deal on Greek debt

A key hurdle has been removed for the next Greek bailout package. HONG KONG (CNNMoney) -- Eurozone finance ministers and the International Monetary Fund announced Monday they had reached an agreement that moves Greece closer to receiving a massive...

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Black Friday: Crowds grow, but sales are a question

Lots of holiday shoppers hit the stores, such as Toys R Us in New York's Times Square, on Thanksgiving night. NEW YORK (CNNMoney) -- There were more shoppers in the nation's malls and big-box stores on Black Friday than there were last year, according...

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Stocks: Focus back on U.S. economy

Click the chart for more stock market data NEW YORK (CNNMoney) -- As confidence builds over lawmakers' ability to reach a deal on the "fiscal cliff," investors will turn their attention to U.S. economic reports on the housing market, manufacturing...

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