United Drops $1.08 Billion of Airbus Orders in Jet Shift

United Continental Holdings Inc., the world’s second-biggest airline, canceled orders for 12 Airbus SAS single-aisle planes valued at about $1.08 billion that the carrier said were no longer needed.
Read more: Bloomberg news

Let Junior Bankers Sleep All Day

If I ran an investment bank I'd give analysts Tuesdays off. For the novelty, plus it's pretty fun not to be at work on a Tuesday.
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Shivering Cattle Signal Higher McDonald’s Beef Cost: Commodities

As temperatures dipped to a record minus 25 degrees Fahrenheit (minus 32 Celsius), the crew at Dean Wang’s ranch in Baker, Montana, increased alfalfa-hay rations to give his cattle more energy during the arctic blast.
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Top Samsung Analyst Predicts Stock Wipeout Will Deepen

The slump in Samsung Electronics Co. that wiped out $28 billion of market value in six weeks will deepen as Apple Inc. and Chinese rivals take market share in handsets, according to the stock’s most-accurate forecaster.
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Congress Unveils $1.1 Trillion Plan to Fund Government

House and Senate lawmakers agreed to a bipartisan compromise to fund the U.S. government through Sept. 30, unveiling the measure days before financing for federal agencies is scheduled to lapse.
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Verizon Wins Net Neutrality Court Ruling Against FCC

Verizon Communications Inc. won an appeals court challenge to U.S. equal treatment rules for the Internet that could leave companies such as Netflix Inc. and Amazon.com Inc. facing higher charges for the fastest service.
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Thai Protesters Begin Bangkok Blockade to Oust Yingluck

About 80,000 Thai protesters blocked major roads in Bangkok, disrupting traffic and increasing pressure on Prime Minister Yingluck Shinawatra to resign.
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Mercedes Takes Cues From Apple in Reboot of C-Class Sedan

Mercedes-Benz is adding touchpad technology pioneered by the iPhone and an iPad-like display to the C-Class sedan to boost its bid to surpass BMW in sales.
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Philippines Sees Nickel Boon on Indonesia’s Ban: Southeast Asia

The ban on mineral-ore exports from Indonesia, the world’s biggest nickel producer, is poised to benefit neighboring miners in the Philippines, which are predicting an increase in sales. Shares of Nickel Asia Corp. advanced ...
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Basel Regulators Ease Leverage-Ratio Rule for Banks

Global regulators diluted a planned debt limit for banks amid warnings that the rule would penalize low-risk financial activities and curtail lending.
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Asia Firms Go Abroad on Hong Kong to Singapore Curbs: Mortgages

Developers in Singapore and Hong Kong, cities which last year implemented some of their most- restrictive curbs to rein in residential property prices, are shifting focus to the U.S., China and the U.K. as demand is stifled ...
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Billionaires Worth $3.7 Trillion Surge as Gates Wins 2013

The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.
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Facebook Sued Over Alleged Scanning of Private Messages

Facebook Inc. was sued over allegations it systematically intercepts its users private messages on the social network and profits by sharing the data with advertisers and marketers.
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Homebuyers Missing Housing Rebound Depend on Yellen

Adam Bregman, a 28-year-old Florida attorney who lives with his mom, said he hopes 2014 is the year he finally buys a home of his own.
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Beanie Baby Billionaire Seeks to Avoid Jail for Tax Crime

H. Ty Warner, the billionaire creator of Beanie Baby plush toys, asked a judge to give him probation, not prison, for evading taxes on secret Swiss accounts that held as much as $107 million.
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Obamacare Medicaid Expansion to Worsen Hospital ER Burden

Emergency rooms may be a preferred choice for care among 3.9 million people newly enrolled in the U.S. Medicaid program for the poor, according to a study that suggests Obamacare’s costs may be higher than expected.
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Fiat Gains Full Control of Chrysler in $4.35 Billion Deal

Fiat SpA secured full ownership of Chrysler Group LLC in a $4.35 billion agreement that will conserve the Italian company’s cash while creating a global carmaker with better scale to take on General Motors Co.
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New Year Storm to Dump Foot of Snow From NYC to Boston

Almost a foot of snow is forecast for the New York area, potentially snarling travel across the U.S. Northeast following the New Year’s Day holiday. The storm may give way to the coldest temperatures so far this season.
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Pot Shops in Denver Open Door to $578 Million in Sales

Toni Fox plans to open the doors of her Denver marijuana shop at 8 a.m. tomorrow to a line of customers including some who camped overnight to be the first in the U.S. to legally buy pot for recreational use.
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Gold Bulls Retrench as Price Drops Most in 32 Years: Commodities

Hedge funds got less bullish on gold for the seventh time in eight weeks as the U.S. economy strengthens and inflation fails to accelerate, driving prices to the biggest annual drop in more than three decades.
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Gold Caps Biggest Annual Rout Since ’81 as Investors Lose Faith

Gold futures, which reached a six- month low today, posted the biggest annual slump in three decades as an improving economy cut demand for wealth protection. Silver touched the lowest since July.
Read more: Bloomberg news