Pennsylvania News
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Oil dropped for a third day in New York as investors speculated that Europe’s debt crisis will slow the economy and curb fuel demand as crude supplies climb.
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Among the 12 members of the congressional deficit-cutting supercommittee, there are committee chairmen, Sunday news show regulars, anti-tax purists, and Patty Murray.
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Gasoline fell on concern that Greece’s debt crisis will spread, curtailing fuel demand in Europe and threatening the global economy.
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Oil fell to the lowest level in more than a year in New York on concern that Greece will default on debt payments, leading to slower global economic growth and lower fuel consumption.
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Gold futures rose for the second straight session on concern that Greece will default on its debt, spurring demand for the metal as a haven. Silver climbed.
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Anti-Wall Street protests escalated with more than 700 arrests over the weekend, thrusting the once- dwindling demonstrations into the national spotlight.
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Mergers among U.S. law firms rose 79 percent through the first three quarters of this year, industry consultant Altman Weil Inc. said.
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The U.S. Supreme Court refused to revive a suit against wireless-phone manufacturers and retailers filed by customers who said the devices may cause illnesses, including brain cancer.
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The U.S. Supreme Court rejected Mylan Inc.’s appeal of a $77 million award to four health insurers that accused the generic-drug maker of cornering the market on ingredients for two anti-anxiety medicines.
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Solyndra LLC, the solar-panel maker that filed for bankruptcy protection two months after executives extolled its prospects, is being investigated by the FBI for accounting fraud, an agency official said.
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