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Thursday marked a second consecutive day of chaos on Wall Street, as an Obama proposal to curtail risks taken by banks weighed on the financial sector. Commodity producers saw shares plummet as well, as concerns that governments are beginning to pull back support plans impacted expectations for global growth. After the bell, Google reported that its fourth quarter earnings surged more than 33% from the same period a year ago as the company was successful expanding its business into new areas, such as its Nexus Once cellphone aimed to compete with the iPhone. Despite beating analyst estimates, Google’s shares sunk as much as 5% in after hours trading. [click to continue…]

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