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Asia Stocks Rise Before China Trade Data as Oil Declines

10-07-2014 10:04:04

Asian stocks climbed before Chinese trade data, while the U.S. oil benchmark-contract slipped toward its longest-ever stretch of declines amid rising supplies and sagging consumption. Indonesia’s rupiah jumped.

Crumbs Downfall Shows Limits of American Cupcake Addiction

09-07-2014 12:30:15

The frenzy, which spawned treat-dispensing ATMs and a $42 “colossal” cupcake that serves eight people, ran into reality this week when Crumbs Bake Shop Inc. (CRMBU) shut all 48 of its stores. After initially planning to open 200 locations nationwide, the chain struggled to expand beyond its home base in New York and a few other pockets of affluence. The company lost tens of millions of dollars and now faces default on more than $14 million in loans.

Concern Over Severe Pullback Sends U.S. Stocks Lower

09-07-2014 10:55:46

U.S. shares extended a selloff today, with the Nasdaq Composite Index sliding the most in two months, as Raymond James & Associates said equities are vulnerable to losses and Citigroup Inc. cited investor concerns for a “severe” pullback.

Asian Stocks Drop Amid Pullback; Copper Swings on China

09-07-2014 10:53:27

Asian stocks fell, with the regional index heading for the steepest one-day drop in two months, as global equities drop amid concern valuations are too high. The yuangained to a three-month high and copper fluctuated after Chinese inflation data came in close to economists’ estimates.

Beheading WorldCup Shows Islamic States Online Savvy

08-07-2014 11:32:42

Tweets and online videos are emerging as weapons of war in the Islamic State’s campaign to seize a swath of Iraq, with the al-Qaeda offshoot’s use of social media dwarfing efforts by other militant groups.