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Global Woes Hold Only 'Modest Contagion' Risk for U.S. Banks

A "modest contagion" for financial stocks "should allow domestically focused financial stocks to stabilize in the coming weeks," despite the JPMorgan Chase trading mess and the "deteriorating conditions in Europe, according to KBW analyst Fred Cannon.

2011's Hottest Holiday Products: An Early Look

Christmas is four months away, and already the experts are weighing in on which holiday toys and gadgets will be worth the credit card debt. Online shopping comparison site PriceGrabber is one of the first to release a "top products" list of the items it predicts will be this year's hottest.

Higher Oil Prices Send Asian Shares Up

Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong's Hang Seng Index climbed 1.1% and China's Shanghai Composite Index advanced 0.9%. In Japan the Nikkei 225 Index edged up 0.6%.