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Money

• Qantas grounds A380 after finding cracks in wings

  Tuesday, Feb 7, 7:08 pm

  Australia's Qantas Airways said Wednesday it was temporarily grounding one of its A380 superjumbos after discovering dozens of hairline cracks in its wings during a maintenance inspection. Read more...
  

• Oil rises to near $99 after US crude supply drop

  Tuesday, Feb 7, 6:58 pm

  Oil prices rose to near $99 a barrel Wednesday in Asia after an unexpected drop in U.S. crude supplies suggested demand is improving. Read more...
  

• Asia stocks up following surge on Wall Street

  Tuesday, Feb 7, 6:54 pm

  Asian stock markets followed Wall Street higher on Wednesday as Greece appeared close to a deal with creditors to cut its massive debts and avoid a chaotic bankruptcy. Read more...
  

• Caesars prices shares at $9; IPO set for Wed.

  Tuesday, Feb 7, 5:11 pm

  Casino operator Caesars Entertainment Corp. has priced its initial public offering of 1.8 million shares at $9 apiece. Read more...
  

• Space Systems/Loral wins Aussie satellite contract

  Tuesday, Feb 7, 5:00 pm

  California-based Space Systems/Loral has won a 620 million Australian dollar ($670 million) contract to build two satellites to service remote portions of Australia's national broadband network, which will be among the world's fastest. Read more...
  
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  No cigar: Economic embargo on Cuba turns 50

  Tuesday, Feb 7, 4:32 pm

  When it started, American teenagers were doing "The Twist." The United States had yet to put a man into orbit around the Earth. And a first-class U.S. postage stamp cost 4 cents. Read more...
  
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  Dow approaches 13,000, and maybe a record to come

  Tuesday, Feb 7, 4:09 pm

  It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession. Read more...
  
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  Coca-Cola adjusted 4Q results beat Street

  Tuesday, Feb 7, 3:38 pm

  Coca-Cola reported an effervescent fourth quarter Tuesday, as the company sold more of its drinks globally and its earnings beat analyst expectations. Read more...
  

• Bernanke: Job market remains weak despite gains

  Tuesday, Feb 7, 3:31 pm

  Ben Bernanke says the job market isn't as strong as the steadily declining unemployment rate might suggest. Read more...
  
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  Greek debt talks drag on but banks signal progress

  Tuesday, Feb 7, 3:26 pm

  Greece's private creditors signaled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leaders about forcing more austerity upon a hostile public were again postponed. Read more...
  

• BHP Billiton posts 5.5 percent fall in profit

  Tuesday, Feb 7, 3:24 pm

  BHP Billiton Ltd., the world's biggest miner, on Wednesday posted a 5.5 percent slide in first-half profit to $9.9 billion and blamed lower commodity prices as well as production constraints. Read more...
  

• BP hikes dividend after strong fourth quarter

  Tuesday, Feb 7, 3:17 pm

  BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico. Read more...
  

• Gold gains on hopes for Greek debt deal

  Tuesday, Feb 7, 2:57 pm

  Gold prices broke a two-day slide Tuesday as traders became more optimistic that Greece would reach a deal with its creditors to restructure its debt. Read more...
  

• More US states to join foreclosure-abuse deal

  Tuesday, Feb 7, 2:38 pm

  Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages. Read more...
  
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  Stock end higher, erasing early losses

  Tuesday, Feb 7, 2:15 pm

  Stocks resumed their slow but steady climb Tuesday as Greece appeared close to announcing a deal with creditors to cut its debt. The Dow Jones industrial average ended at its highest level since May 2008. Read more...