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Financial markets are becoming unhooked from economic fundamentals, officials warned in Japan and South Korea, as policy makers monitor the dangers posed by any Greek exit from the euro region.

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President Bill Clinton on Tuesday said those running for office should make reaching a debt deal the top campaign issue in the fall’s elections.
"I think this budget issue should become front and center in this election, Clinton said on Tuesday at a fiscal summit sponsored by the Peter G. Peterson Foundation.

"As soon as this […]

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Consumer confidence rose in May to the highest level in four years, led by gains among upper-income Americans that may contribute to a pickup in spending on expensive items like furniture and appliances.
The Thomson Reuters/University of Michigan preliminary sentiment index for May climbed to 77.8, the highest since January 2008, from 76.4 the prior […]

The struggling countries of Europe have cut spending for two years in hopes of averting financial catastrophe and persuading bond investors to buy their debt.
But the world’s most influential bond investor thinks it won’t work.
Bill Gross, manager of Pimco’s $252 billion Total Return Fund, the largest mutual fund, says that countries can’t simply cut their […]

Partial results and polling agency projections suggest Socialist Francois Hollande has won France’s presidential election against conservative incumbent Nicolas Sarkozy.
A Hollande victory could change how Europe tackles its debt crisis _ with more stimulus and less austerity.
With about half of the nationwide votes counted in Sunday’s race, official results showed Hollande with 50.8 percent to […]

Senior officials in Turkmenistan say the energy-rich Central Asian nation plans to sign a natural gas sales agreement with Afghanistan, Pakistan and India later this month.
The deal would mark a decisive move toward construction of a landmark pipeline crossing the four nations that backers hope will meet energy demands across the region.
Two high-ranking officials, who […]

Chesapeake Energy’s CEO is about to lose a controversial perk that allowed him to take personal stakes in wells drilled by the company.
Chesapeake’s board said Thursday Aubrey McClendon agreed to negotiate an early termination of the program, which was overwhelmingly approved by shareholders in 2005 for a 10-year term.

The board is also reviewing […]

Tired of waits to fill orders and lack of control over his Asian factories, Pierrick Haan, chief executive officer of Dupont Medical, decided last year to return production of some wheelchairs and medical equipment to France.
The 150-year-old Dupont Medical created 20 jobs making custom devices at a plant in central France — and will […]

A spokesman for international Syria envoy Kofi Annan says the United Nations hopes to have 30 cease-fire monitors in the country next week.
Ahmad Fawzi says seven observers are already on the ground and another two will arrive on Monday.
Fawzi told reporters in Geneva on Friday that the preliminary agreement signed with the Syrian government this […]

Isle of Capri Casinos’ board of directors have elected the gaming company’s Chief Executive Virginia McDowell to the board.
The election, which was effective on April 12, was the result of a decision to increase the board by one member.
McDowell took the helm of the Creve Coeur-based casino operator in April 2011 free business cards.
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