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The Federal Reserve has announced three of China's largest state-owned banks have been given approval to expand their operations in the U.S. Analysts say that ICBC, China investment Corp., and Central Huijin Investment will likely look to purchase regional U.S. banks and establish a footprint in the American market.

Hairstyling icon Vidal Sassoon has died at the age of 84. He first earned acclaim for creating hair cuts that needed little styling.

Legal activist Chen Guangcheng says members of his family are being targeted by local authorities in his home province.

Milwaukee Mayor Tom Barrett won the Democratic primary earlier this week, earning the chance to challenge Wisconsin Governor Scott Walker at the polls. Barrett lost a race for the governor's seat to Walker in 2010. Host Michel Martin speaks with Barrett about whether the outrage over Walker's cuts to collective bargaining rights will be enough for him to win this rematch.

The government has identified hundreds of hospitals where Medicare patients are incurring especially high or low bills. Hospitals around McAllen, it turns out, aren't as terrible as they were made out to be, according to Medicare's calculations of how much it spent for the average patient from three days before admission to a month after discharge.

U.S. exports aren't limited to stuff. We also sell billions of dollars worth of ideas to people around the world.

In Scotland, viewers of a nightly BBC news program got a surprise when Prince Charles stood in front of a weather map to tell them about all the rain and cold they'd soon experience. "We're under the influence of low pressure," he said.

Mitt Romney on Thursday apologized for pranks he played in high school that "might have gone too far," after The Washington Post reported on his alleged participation in the bullying of a student often teased for his "presumed homosexuality." Romney said he didn't remember the particular incident.

Johnny Depp stars in Tim Burton's feature-film adaptation of the cult Gothic soap opera Dark Shadows, about an 18th-century vampire transplanted to the 1970s. Critic and longtime Dark Shadows fan David Edelstein says the camp sendup of the show is lifeless and unfunny.

California teens eat about 158 calories less a day than their peers in other states, a new study says. But even that tiny amount of fewer calories per kid can help them maintain healthy weights over time, experts say.