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Major winter storm wallops Northeast

The second major snow storm of the winter blanketed the Northeast and canceled thousands of flights Wednesday, battering parts of New England with nearly two feet of snow.

Iran sells 18 percent stake in carmaker

Iran's government has sold an 18 percent stake in Iran Khodro, the Middle East's biggest carmaker, for 13.59 trillion rials ($1.3 billion), the Tehran Stock Exchange (TSE) said on Tuesday.

China's influence silences Asia on yuan peg

China's increasing regional influence will keep Asian governments from pressuring the world's fastest growing economy into letting its currency strengthen for fear of economic or political repercussion.

Global jihad creeping into Russia's insurgency

The Islamist insurgency in Russia's North Caucasus region appears to be mutating from a grassroots separatist movement toward global jihad or holy war, whose goals, propaganda and patronage point abroad.

U.S. win has Canada facing survival struggle

Canada fell 5-3 to the United States in a men's Olympic ice hockey grudge game on Sunday, silencing a fanatical home crowd and sending a shudder rumbling across the host country as gold medal hopes took a hit.

Vancouver counts the cost of high security

The threat of a terror attack on the Vancouver Olympics is considered low but Canada is still spending far more to protect the event than it did to build the venues where athletes will compete.

MySQL creator says 14,000 against Oracle-Sun deal

Michael Widenius, the creator of the MySQL database and a vocal opponent of Oracle Corp's $7 billion takeover of Sun Microsystems Inc , has handed 14,000 signatures opposing the deal to regulators in Europe, China and Russia.

Gold surges to $1,220/oz

Gold hit a record high at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions on expectations for a fresh leg of dollar weakness and more central bank buying.

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