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Signage at the New York Stock Exchange, July 9, 2007. (Brendan McDermid/Reuters) percent on Tuesday after Merrill Lynch warned that ailing
credit markets will hurt bank profits, while reports showing
eroding consumer confidence and falling home prices added to
concerns about the economy.

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Cuba’s Fidel Castro says CIA admissions of illicit Cold War tactics disguise the fact the US is still using them.
Last week the CIA published documents called the “Family Jewels”, revealing spy plots and assassination attempts.
The documents included plans to use Mafia help to kill Fidel Castro.
Mr Castro, still recovering after surgery last year, [...]

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Democrat Barack Obama eclipses Hillary Clinton in the battle to raise funds for the US presidential elections.
The Illinois senator raised $32.5m (£16.2m) for his presidential campaign in the period from April to June, a record for a Democratic candidate.
Mr Obama has now raised a total of $55.7m in funding.
But Ms Clinton, who [...]

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NBC has yanked Sunday repeat episodes of Friday Night Lights. Repeats of Law Order will air in its place (9 p.m. ET/PT). And CBS has broken the clay-animation mold for Creature Comforts, replacing it tonight with a repeat of The…

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White House budget director Rob Portman is resigning and will be replaced by former Iowa Rep. Jim Nussle, Bush Administration officials said Tuesday.
Nussle ran for governor of Iowa last year and was defeated. He has been serving in Iowa as an adviser in former New York Mayor Rudy Giuliani’s campaign for the Republican Presidential nomination. [...]

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Two space shuttle Atlantis astronauts have floated outside the International Space Station for a fourth and final space walk before the shuttle departs on Tuesday (US time).
Patrick Forrester and Steven Swanson left the station’s airlock about 12:40pm (US time) to finish work on a rotary joint so a pair of electricity-producing wing panels can track [...]

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The collapse of immigration legislation in the Senate this week is a monument to President Bush’s enfeebled clout on Capitol Hill, the searing power of hostility toward illegal immigrants, and the difficulty of crafting a compromise on an emotional issue that touches so many diverse economic and political interests.
The fragile bipartisan deal on immigration was [...]

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