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European Central Bank officials express support for euro; decline to back words with action

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The European economy continues to struggle, but European bankers say they're as confident as ever in the euro's stability. But with Germany watching on, they decline to take any action.
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Proposed tax hikes in France strike a nerve with top earners

French President Francois Hollande has called for a 75 percent income tax on top earners in France to help lower the country's deficit. The hope is to stave off contagion from other faltering euro zone countries, but the proposal has received harsh criticism from France's business class....
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U.K. rules restrict use of Olympic terms to official businesses, Union Jack steps in

As part of getting the Olympics, the United Kingdom had to pass a series of laws that made it illegal for businesses that aren't official sponsors to use certain Olympic terms. So local businesses have had to get creative....
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State law, bad decisions caused Pennsylvania cities' problems, expert says

Several cities and towns in Pennsylvania are experiencing serious financial distress. Stateline.org writer Stephen Fehr says much of these cities' trouble can be tracked back to government action....
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Farmers struggle as historic draught diminishes crop yields

More than half of the United States is in one of the worst droughts to hit America in recorded history. Farmers are among those who have suffered the most so far. But fewer crops means higher food prices for all Americans in the months ahead....
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In hiring Marissa Mayer as new CEO, is Yahoo putting her on a 'glass cliff'

Often, struggling companies look for team-builders, collaborators, people who will put their ego aside to move people toward a common goal. According to British academics, that means they are more likely to hire a woman. Is that what Marissa Mayer is walking into?...
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VIDEO: Spanish coal miners strike, galvanize public support

Spain's coal miners fear that government budget cuts will eliminate the subsidies that have kept their mines open. They're taking to the streets and demanding the subsidies be restored....
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Americans' trust in banks hit record low as financial scandals continue

In 2007, two in five Americans said they trusted banks. Now, just five years later, that number has dipped to one in five. New York Times columnist Eduardo Porter asks what changed. Do we care about bad behavior in corporate America?...
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Spanish hotel, built in national park, symbol to many of what's wrong with the country

To environmentalists, the Hotel Algarrobico represents the worst example of Spain's failures to enforce its environmental laws: built right along the coast and in a national park. But to local residents, it's more economic opportunity lost. It could provide hundreds of jobs, but right now it's sitting empty....
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U.S. legislation complicating Americans' use of foreign banks abroad

Swiss banks, and other overseas financial institutions are finding that it's become easier just to not take American customers, rather than try to comply with U.S. banking regulations....
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