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Independent voices from the TWT Communities
Picture it: Save for a few disposable point-and-shoots, Kodak is exiting the camera business.
Eastman Kodak Co. has a little over a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan.

Slight improvements in Europe's troubled debt markets and China's economy were enough to send stocks sharply higher Tuesday.

White House Chief of Staff Bill Daley will step down from his position at the end of this month, with Jack Lew, director of the Office of Management and Budget, taking his place to lead the president's team heading into a difficult re-election year.
Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, increasing the microblogging site's cash cushion as its user base expands.

A deal to forge stronger ties between most of Europe's economies sent stocks sharply higher Friday afternoon as hopes grew that the region is close to resolving its debt crisis. The Dow Jones industrial average rose 215 points.

Reports that all countries using the euro could get their credit ratings downgraded deflated a morning rally in the stock market Monday. The Dow Jones industrial average closed up 78 points, giving back much of a 167-point gain from earlier.
Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the "robo-signing" of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue.
A company run by the former CEO of American International Group Inc. is suing the government for $25 billion in damages regarding its taxpayer bailout of the big insurer.
BANKS
In a sweeping move, the government Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.

In a sweeping move, the government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.

Stocks fell in late-afternoon trading Thursday, erasing early gains. Bank of America Corp. led other bank stocks higher on news that Warren Buffett will invest $5 billion in the bank.

Investment banking giant Goldman Sachs announced Tuesday that it had more than doubled its profits in the second quarter to $1.05 billion - but even that wasn't enough to satisfy its investors.
The head of General Motors Co.'s North American operations believes new contract talks with the United Auto Workers will be different from the contentious bargaining of the past.

By Rowan Scarborough - The Washington Times
Navy Secretary Ray Mabus, under fire from Congress and veterans for naming ships after fellow ...

By Tim Devaney - The Washington Times
Rick Berman has a black baseball cap with the words “Dr. Evil” in his K ...

By Sean Lengell and Dave Boyer - The Washington Times
Congressional leaders told their lawmakers Tuesday night they’ve reached a tentative deal to extend the ...