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Venezuela VP: Hugo Chavez recovering after surgery

Submitted by Fox First at Ten on December 11th

By By CHRISTOPHER TOOTHAKERAssociated Press CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez was recovering in Cuba on Tuesday after an operation targeting an aggressive cancer that has defied multiple treatments and has prompted the socialist leader to name a political successor.

Analyst raises rating for Monster Beverage

Submitted by Fox First at Ten on December 11th

NEW YORK (AP) - Shares of Monster Beverage rose nearly 3 percent Tuesday after an analyst upgrading his rating, saying that regulatory concerns are overstated. THE SPARK: Mark Astrachan of Stifel Nicolaus raised Monster Beverage Corp.'s rating to "Buy" from "Hold" and set a $65 price target for

NTSB: Use ignition locks for all drunken drivers

Submitted by Fox First at Ten on December 11th

By By JOAN LOWYAssociated Press WASHINGTON (AP) - Every state should require convicted drunken drivers, including first-time offenders, to use devices that prevent them from starting a car's engine if their breath tests positive for alcohol, the National Transportation Safety Board said

US defends $1.9B deal with British banking giant

Submitted by Fox First at Ten on December 11th

By By LARRY NEUMEISTER and CHRISTINA REXRODEAssociated Press NEW YORK (AP) - American authorities on Tuesday cited "astonishing" dysfunction at the British bank HSBC and said that it had helped Mexican drug traffickers, Iran, Libya and others under U.S. suspicion or sanction to move money

HSBC to pay $1.9B to settle money-laundering case

Submitted by Fox First at Ten on December 11th

By By PETE YOST and PAN PYLASAssociated Press LONDON (AP) - HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank by

Fed is expected to launch new bond buying program

Submitted by Fox First at Ten on December 11th

By By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - With a nervous eye on the "fiscal cliff," the Federal Reserve is expected this week to announce a new bond-buying plan to support the U.S. economy. The goal would be to further reduce long-term interest rates and encourage borrowing

APNewsBreak: Explo faced scrutiny before La. scare

Submitted by Fox First at Ten on December 11th

By By HOLBROOK MOHRAssociated Press DOYLINE, La. (AP) - The explosives recycling company that caused the evacuation of a Louisiana town has come under scrutiny for explosions and its handling of dangerous materials before, and it was so far behind on its rent that the Louisiana National Guard

US students far from first in math, science

Submitted by Fox First at Ten on December 11th

By By JOSH LEDERMANAssociated Press WASHINGTON (AP) - American fourth-graders are performing better than they were four years ago in math and reading, but students four years older show no such progress, a global study released Tuesday revealed. Although the U.S. remains in the top dozen or so

Obama: US recognizes Syria's main rebel group

Submitted by Fox First at Ten on December 11th

By By MATTHEW LEEAssociated Press WASHINGTON (AP) - President Barack Obama declared Syria's main opposition group the sole "legitimate representative" of its country's people Tuesday, deeming the move "a big step" in the international diplomatic efforts to end Syrian President Bashar

US, EU considering world's biggest free trade pact

Submitted by Fox First at Ten on December 11th

By By DESMOND BUTLERAssociated Press WASHINGTON (AP) - After years of battling each other on trade issues, U.S. and European officials are contemplating a dramatic change in direction: joining together in what could be the world's largest free trade pact in an attempt to boost their