Monday,  May 7, 2012 • Vol. 12--No. 298 • 24 of 30 •  Other Editions

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• Futures augured losses for Wall Street. Dow Jones industrial futures fell 0.8 percent to 12,857 and S&P 500 futures lost 0.9 percent to 1,350.90. Among European markets, Germany's DAX dropped 1.5 percent to 6,463.67 and France's CAC-40 shed 1.6 percent to 3,112.49. Britain's markets were closed for a public holiday.
• Weekend election results in Greece sent tremors throughout Europe as voters punished the parties responsible for highly unpopular austerity measures instituted to prevent the country from defaulting on its massive debts and exiting the euro currency

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Clinton presses India to cut oil imports from Iran to keep pressure on the Islamic republic

• KOLKATA, India (AP) -- U.S. Secretary of State Hillary Rodham Clinton urged energy-starved India on Monday to reduce its Iranian oil imports to keep up pressure on the Islamic republic to come clean about its nuclear program.
• Clinton told a town hall meeting in the eastern city of Kolkata that there's an adequate supply in the market for India to find alternative sources of oil. Clinton noted India has taken some steps to reduce its imports from Iran but she says the U.S. wants to see more.
• "If there weren't an adequate supply ... we would understand, but we believe that

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