S&P 500 drops below 1,300

US stocks-with banking, energy and airlines hit the hardest-have extended their losses into a fourth straight session.


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Steve Jobs is back, with the iCloud

Apple's head has taken the centre-stage again, at the unveiling of the iCloud, a music-streaming and online data storage service. The service shares files across different Internet-linked devices and could spell bad news for the PC.

 

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Is QE3 around the corner?

There will be another big round of quantitative easing, says this analyst.


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