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BUSINESS
October 21, 2012 | Associated Press
BRUSSELS - European leaders took a step toward creating a single supervisor for banks in countries that use the euro on Friday but refused to pin down a start date. Although the leaders meeting in Brussels said their decisions on the watchdog , the single supervisory mechanism , were key to shoring up lenders and eventually giving them access to loans from Europe's bailout fund, many observers were struggling to figure out exactly what had been achieved. Rather than finding new measures to fight the crisis, the leaders focused on establishing a timeline for those they had already agreed to. "It is good for Europe that we'll have a single supervisory mechanism up and running in the course of 2013," Herman Van Rompuy, president of the European Council, which includes the leaders of all 27 EU countries, said Friday.
BUSINESS
October 18, 2012 | Associated Press
PARIS - European regulators have asked Google to clarify its new privacy policy and make it easier for users to opt out of data collection because of concerns that the Web giant may be gathering too much data and holding it too long. France's data-protection agency led a European investigation into Google's new unified privacy policy, which replaces individual policies for its search, e-mail, and other services and regulates how it uses the personal data it collects. The policy allows Google to combine data collected from one person using its disparate services, from Gmail to YouTube.
SPORTS
October 11, 2012
Tiger Woods will consider the possibility of joining the European Tour after changes are made to membership qualification. The European Tour is expected to announce soon that participation in the Ryder Cup, Presidents Cup, and Seve Trophy will count toward the 13 events needed for tour membership. Woods said he last looked into joining the European Tour in 2000, when the requirement was 11 events. Woods would be only two or three events short of the 13 if the list includes the Ryder Cup, Presidents Cup, four majors, four World Golf Championship events, and appearances in either Abu Dhabi or Dubai.
SPORTS
October 2, 2012 | Associated Press
MEDINAH, Ill. - Erasing some of their worst Ryder Cup memories, the Europeans wore the image of Seve Ballesteros on their sleeves and played their hearts out Sunday at Medinah Country Club to match the greatest comeback in history and head home with that precious gold trophy. Europe got its payback for 1999 at Brookline, when the Americans roared back from the same 10-6 deficit. This rally was even more remarkable, carried out in front of a raucous American crowd that began its chants of "USA!"
SPORTS
October 1, 2012 | Associated Press
MEDINAH, Ill. - Erasing some of their worst Ryder Cup memories, the Europeans wore the image of the late Seve Ballesteros on their sleeves and played their hearts out Sunday at Medinah to match the greatest comeback in history and head home with that precious gold trophy. Europe got its payback for Brookline, when the Americans roared back from the same 10-6 deficit. This rally was even more remarkable, carried out before a raucous American crowd that began their chants of "USA!"
SPORTS
September 30, 2012 | Associated Press
MEDINAH, Ill. - Phil Mickelson and Keegan Bradley helped stake the U.S. team to its biggest lead in the Ryder Cup in more than 30 years. Ian Poulter, eyes bulging and fists shaking with every clutch putt, at least gave Europe a lot of momentum over the final frantic hour Saturday at Medinah. Right when it looked as if the Americans were a lock to win back the cup, Poulter birdied his last five holes to win a crucial point and keep everyone guessing. Steady chants of "USA! USA!" gave way to snappy serenades of "Ole, Ole" as both sides trudged to the team rooms in darkness to prepare for 12 singles matches on Sunday.
SPORTS
September 30, 2012 | By Doug Ferguson, Associated Press
MEDINAH, Ill. - Keegan Bradley made Friday at the Ryder Cup feel like the best day of his life, and it wasn't too shabby for the rest of the Americans. Bradley led a strong performance by rookies on both teams at Medinah by teaming with Phil Mickelson for two wins against Europe's best two partnerships. Even with Tiger Woods getting shut out on opening day for the fourth time, the United States took a big step toward regaining the cup by taking a 5-3 lead. Leading the way was Bradley, the former PGA champion whom Mickelson took under his wing last year for a series of money games at the majors to prepare the New England kid for moments like this.
BUSINESS
September 27, 2012 | By Daniel Wagner, Associated Press
A mixed report about the housing market and unrest in Europe on Wednesday extended the longest losing streak for the Standard & Poor's 500 index since mid-July. Other risky assets, like European stocks and oil, fell more sharply. The median price of new homes sold in August rose by a record amount, while sales of new homes dipped slightly. Sales in August were up 27.7 percent from a year earlier, but remain about half the pace economists consider healthy. The dip in home sales hurt home-builder stocks.
SPORTS
September 22, 2012 | By Sam Carchidi, Inquirer Staff Writer
The NHL players who compete in Europe during the lockout are risking injury, forcing them to pay high insurance premiums. Ilya Bryzgalov, Jake Voracek, and Ruslan Fedotenko are three Flyers who have committed to playing in Russia's Kontinental Hockey League. Other Flyers are considering European offers, including Scott Hartnell, Danny Briere, and Claude Giroux. According to an underwriter whose New Jersey company insured about 75 players who played in Europe during the 2004-05 lockout, it costs $10,000 to $25,000 per $1 million to insure the players.
BUSINESS
September 18, 2012 | By Bernard Condon, Associated Press
NEW YORK - After surging over four days to near pre-recession highs, stocks slipped further from that goal Monday amid worries over Europe's struggle to keep its currency union intact. All three major indexes were down, though barely. The Dow Jones industrial average fell 40.27 points, or 0.3 percent, to 13,553.10. U.S. stocks are coming off a surge last week that sent the S&P 500 to its highest level in nearly five years. Investors bought stocks on news that the Federal Reserve planned to buy mortgage bonds in an effort to get people to borrow and spend more.
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