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Oil prices hit 7-year high

FT News Briefing

Federal Reserve - What's Going on in Washington?

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There is legislation in the works on a range of issues. What we see ing out of this legislatively will be quite underwhelming, says Kern. If they are able to uncover things that really damage face book's reputation, it might trigger a series of events where investors start to take flight from the company and pressure builds for management changes.

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