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Italian Borrowing Costs Rise in Bond Auction

Italy saw its borrowing costs rise to a euro-era high on Friday in a sale of euro7.9 billion ($11.09 billion) in government debt, a sign that investors remain nervous about the country's prospects despite a grand European plan to fight the debt crisis.

The interest rate demanded by investors to lend the Italian government 10-year money topped 6 percent in Friday's auction, the highest level since the launch of the euro, and surpassing the 5.86 percent paid in a similar debt auction a month ago. Demand exceeded the amount on offer 1.27 times, a relatively weak outcome.

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U.S. Stocks Open Lower after Thursday's Big Rally

Stocks edged lower in early trading Friday after appliance maker Whirlpool Corp. said it will cut 5,000 jobs, citing weak demand and higher costs for materials. Whirlpool slumped 11 percent, the most in the Standard & Poor's 500 index.

The modest decline followed a surge Thursday that put the Dow Jones industrial average on track for its best month since 1987.

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Lady Gaga to Perform at Indian Formula One Event

Pop superstar Lady Gaga is visiting India to perform at a Formula One after-party and wearing a giant beehive hairdo modeled on the country's flag.

At a news conference Friday, the famously eccentric singer was perched on a large purple and silver couch and sported the hairstyle in the white, orange and green of the Indian flag.

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Man City Cuts Tevez Fine in Half after Union Move

Manchester City reduced its fine of four weeks' wages handed out to Carlos Tevez to just two weeks' pay on Thursday after England's footballers' union backed the player in his dispute with the Premier League club.

City planned to fine Tevez four weeks' salary, which equates to around 800,000 pounds ($1.3 million), after finding him guilty of misconduct over a touchline dispute during a 2-0 loss at Bayern Munich last month.

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Poor Clerk first to Win Million on India Game Show

A poor government clerk from a desolate region of eastern India has become the first person ever to win $1 million on an Indian game show.

Sushil Kumar's staggering win on the popular Indian version of "Who Wants to Be a Millionaire" has transformed him into a role model for millions of aspiring youth yearning to escape from lives of poverty and find a role in India's burgeoning economy.

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Man Reports Date as Burglar when Girlfriend Shows

Police say a man's girlfriend unexpectedly came home just before another woman was due to visit, so he called police to report his new acquaintance as a burglar.

The Gazette reports (http://bit.ly/vfcH8c ) that 24-year-old Kevin Gaylor was cited with a misdemeanor of false reporting to authorities.

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FIFA Completes $1.85B in World Cup TV Deals

FIFA's bumper week of World Cup business was completed with broadcast deals worth $1.85 billion (€1.3 billion) for the 2018 and 2022 tournaments, the governing body announced Thursday.

The deals include an estimated $1.2 billion (€0.86 billion) earned from United States broadcast right sales to Fox, Telemundo and Futbol de Primera Radio. Those deals were confirmed last Friday.

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8 Police Injured in Football Clashes in Frankfurt

Police say eight officers were injured in clashes with football fans before the German Cup match between Eintracht Frankfurt and Kaiserslautern.

The two clubs have a long history of animosity between their fans. Clashes between rival groups apparently left more people injured but police had no figures.

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Schumacher: Deaths in Motorsport Down to 'Fate'

Seven-time Formula One world champion Michael Schumacher said Thursday he is touched by this month’s deaths of two motorsport stars but believes they are down to fate rather than deficiencies in the sport's safety.

Commenting on the deaths of IndyCar driver Dan Wheldon and MotoGP rider Marco Simoncelli, Schumacher said motorsport safety had been "hugely improved."

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Wenger Sees Discontent, Says Skepticism Too High

Arsenal manager Arsene Wenger acknowledges there is "fear, even discontent" among fans over the club's failure to win a trophy since 2005.

The Frenchman addressed shareholders' concerns at Arsenal's Annual General Meeting on Thursday following the club's worst start to a season in more than 50 years.

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