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3:53pm

Tue August 9, 2011
The Two-Way

In U.S. Stock Market Rally, Apple Briefly Supplanted Exxon Mobil

A trader at the New York Stock Exchange watches a monitor moments before the Federal Reserve announced it would keep interest rates low through at least 2013. The news reassured investors and helped sustain a rally.
Mario Tama Getty Images

For evidence of the volatile swings of Tuesday's stock market, consider that for a bit, Apple became the most valuable American company, surpassing Exxon Mobil. The day's trading spanned 600 points, as investors rallied from two days of steep declines and digested new guidance from the Federal Reserve.

The S&P 500 index of large-cap U.S. companies saw its largest gain in two years, rising by nearly 5 percent. Just the day before, it had fallen by 6.7 percent.

For Newscast, Yuki Noguchi filed this report:

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3:29pm

Tue August 9, 2011
Europe

Britain Braces For More Violence As Unrest Spreads

Originally published on Wed May 23, 2012 9:34 am

Firemen hosed down an area of Clapham, South London, on Tuesday after another night of violence left trails of looted stores, wrecked cars and burned buildings across London and several other cities.
Elizabeth Dalziel AP

Thousands more police officers flooded London streets Tuesday in a bid to end Britain's worst rioting in a generation as nervous shopkeepers closed early and some residents stood guard to protect their neighborhoods. An eerie calm prevailed in the city, but unrest spread across central and northern England on a fourth night of violence driven by poor, diverse and brazen crowds of young people.

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3:20pm

Tue August 9, 2011
Europe

Italians Bristle At The Price Of Financial Help

Italian Premier Silvio Berlusconi, right, and Finance minister Giulio Tremonti at a new conference in Rome on Aug. 5. The European Central Bank has agreed to help Italy with its debt crisis, but is demanding tough austerity measures.
Andrew Medichini AP

This week, Italy became the front-line in the battle to save the euro.

But it isn't the Italians taking the lead. With indecision in Rome, the European Central Bank took the unprecedented move of dictating budget-cutting policies to the third largest economy in the euro-zone.

Prime Minister Silvio Berlusconi will now have to accelerate tough austerity measures in exchange for help to solve the country's debt crisis.

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3:06pm

Tue August 9, 2011
The Two-Way

U.S. Official Is First To Attend Nagasaki Ceremony Marking Nuclear Strike

James Zumwalt, deputy chief of the U.S. embassy in Tokyo, offers a wreath of flowers at a ceremony marking the 66th anniversary of the bombing of Nagasaki.
AFP/Getty Images

A ceremonial bell tolled in Nagasaki, Japan, Tuesday morning, marking the beginning of a moment of silence to remember tens of thousands of people killed by an atomic bomb that fell from a U.S. plane 66 years ago. And for the first time, the ceremony was attended by a U.S. government official.

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2:49pm

Tue August 9, 2011
Europe

Why London Exploded Last Night

A British riot policeman stands guard in front of a burning building and burnt out car in Croydon, South London on August 8, 2011.
CARL DE SOUZA AFP/Getty Images

I knew we were in for a rough night here in Stoke Newington in the London Borough of Hackney when my wife called me at 5 p.m. from Sainsbury's, our local supermarket, to say she was in a lock down. They were shuttering the place and the police were telling her trouble had already started outside the Hackney Town Hall. The cops told her to go home and stay off the streets.

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