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Eastman Kodak filed for bankruptcy protection early Thursday after the film pioneer failed to raise fresh cash to fund a long-sputtering turnaround.
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Doug Peterson, the new president of Standard & Poor's Ratings Services, rebuffed criticism of the rating agency's downgrades of U.S. and European sovereign bonds.
Foreign direct investment in Indonesia soared more than 20% last year and is expected to continue growing after Moody's and Fitch both raised the country's rating to investment grade for the first time in 14 years.
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China's Center for Forecasting Science expects the appreciation of the yuan against the dollar to slow to about 3% this year from 4.7% in 2011.
Federal authorities announced charges against seven people in an expanding insider-trading probe involving some of Wall Street's most prominent money managers.
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The head of Japan's main banking lobby group said his association will send a letter to the U.S. government expressing concern about the possible impact of the Volcker Rule on trading in Japanese government bonds.
Reliance Communications is aiming to raise as much as $1.5 billion by listing its undersea cable assets on the Singapore stock exchange.
Most Asian markets pushed higher after the IMF unveiled a plan to boost its lending resources and the Chinese central bank eased liquidity in the money markets. Hong Kong's Hang Seng Index gained 1.3%.
With Europe's problems threatening to spill over into a repeat of the 2008 financial crisis, lenders in Australia—one of the few countries to skirt a recession through that dark period—are preparing for the worst-case scenario.
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In the city that created the dim sum bond, where food and money are two overriding passions, the biggest battle in the financial community isn't about job cuts or billion-dollar IPOs. It's about lunch.
Nearly a quarter of the changes seen in a person's intelligence level over the course of a lifetime may be the result of genetic factors, an innovative genetic analysis has shown.
Long-haul nonstop flights like the 15-hour one from Sydney to Dallas are increasingly popular among travelers who are willing to pay more to avoid a layover.
U.S. officials have uncovered an effort by Iran to help Syria mask its oil exports and evade an American and European embargo, in a potent new sign of Tehran's campaign to bolster Syrian President Bashar al-Assad as his regime cracks down on public opposition.
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The entertainment industry moved to counter growing opposition to antipiracy bills. But its efforts appeared to have little effect as a series of congressional leaders dropped their support for the legislation.
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A behind-the-scenes rift has surfaced between Roger Federer and Rafael Nadal and it feels like a disturbance in the universe.
Romney has between $20.7 million and $101.6 million in his IRA, which estate planners say is unusual. It appears that Romney's grew so large mostly because it holds investments in Bain Capital.
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Trend-conscious teens look as if they just rolled out of bed, wearing layers of loungewear to class at schools across the country.
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Indonesia at investment grade looks happily out of step with the global economy. Unfortunately, it can't detach itself from other people's problems.
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Nissan Motor's Indian unit said it will raise prices of its Micra small car and the gasoline model of its Sunny sedan by up to 2.09% from Friday.
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Mitt Romney has ignited a debate about the social and economic value of private equity. Like many of you, I'm co-founder of a firm that invests in often-distressed assets and looks to fashion them into profitable entities. We call mine Household Inc.
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EBay's fourth-quarter earnings surged to $1.98 billion thanks in part to the sale of Skype.
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Taliban field commanders in several volatile Afghan provinces said that they are largely supportive of their leadership's decision to open talks with the U.S., but cautioned that some of their fellow militants might reject any peace deal.
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The House voted to reject Obama's request to raise the federal debt limit by $1.2 trillion, a symbolic act designed to let lawmakers oppose the increase while letting it take effect.
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Now at the Metropolitan Museum of Art, the first retrospective in 90 years for America's most celebrated and original cabinetmaker of his era.
Japan Inc. discovers that foreign shareholders are part of the solution, not part of the problem.
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Walt Mossberg reviews Nokia's Lumia 710, the $50 device that gets the most common smartphone tasks done for a bargain price.
A slew of writers from Egypt, Libya, Iran and elsewhere in the Middle East will discuss the political climate in the region after a tumultuous year.
One might expect the Year of the Dragon, which kicks off next week, to be a lucky time for investments. But that's not necessarily the case, according to this year's edition of the Feng Shui Index released by Hong Kong-based brokerage firm CLSA.
The worlds of English Premier League soccer and J-pop don't collide often. But in a wry hack on a Wikipedia page, London's Arsenal FC and AKB48, Japan's biggest pop act of the moment, did so – at least temporarily.
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You've mastered the art of hosting a dozen friends for dinner, and you're getting ambitious. How hard will it be to ramp up to throwing a large dinner party for 18 or more?
People around the world prepare to celebrate the Lunar New Year and the coming Year of the Dragon according to the Chinese zodiac, which begins Jan. 23.
Cold weather in India, scenes from the Australia Open, riots outside the Dhaka Stock Exchange, and more.
In today's pictures, a Sikh man prays in India, a skier makes tracks on the roof of a house in Switzerland, Ethiopians protest in Israel, and more.
This six-bedroom private residence on the island of Koh Kood comes with a solar-powered golf cart and the option of live-in butler service.
Keep track of the ongoing job cuts in Asia-Pacific at the big banks.
Snapshots from the fashion week that lasts till Thursday