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Al Jazeera to launch US channel in August
WASHINGTON - Al Jazeera's new American channel coming in summer hopes to be different with lesser focus on celebrities or other tabloid fodder found on U.S. television news. Al Jazeera America hopes to stand out with a diet heavy on "fact-based, in-depth, long-format news." According to Ehab Al Shihabi, executive director of international operations for Al Jazeera Media Network, Al Jazeera ...
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Private drug firm Aragon being acquired by Johnson and Johnson
WASHINGTON - Healthcare products conglomerate Johnson Johnson is buying privately-held Aragon Pharmaceuticals in a near $1 billion deal to gain control of its experimental drugs for prostate cancer. The acquisition of Aragon Pharmaceuticals includes its androgen receptor antagonist program targeting the treatment of prostate cancer, including its primary product candidate in phase 2 ...
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No direct access provided to servers, says Apple
WASHINGTON Technology giant Apple Monday revealed that over the last six months it had received between 4,000 to 5,000 requests for customer data from U.S. law enforcement authorities relating to criminal investigations and national security matters. The disclosure comes on the heels of similar statements and data from the Microsoft and Facebook Inc last week after reaching a deal about ...
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Australian consumer body reports $94mn losses due to shopping scams
SYDNEY - Australian consumers were fleeced of nearly $94 million last year due to various marketing scams, with the majority being perpetrated using text messages and direct calls, Australian Competition and Consumer Commission said in its latest report. The actual number of losses due to scams could be much higher because many go unreported, stated ACCC Deputy Chair Delia Rickard. The ...
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Chevron begins production and shipment from Angola LNG
SAN RAMON, California - Production and shipment of liquefied natural gas (LNG) from Angola by Chevron Corporation's subsidiary Cabinda Gulf Oil Company Limited has commenced with the first consignment being sent to Brazil, the global energy giant has confirmed. Angola LNG is one of the largest energy projects on the African continent. "First gas at Angola LNG is an important milestone in ...
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Ford Motors to increase car exports out of India CEO
Global automobile major Ford Motor Company considers India as a major market for it to grow as well as ship out more cars to other markets even as it is bringing down production in line with the demand in Europe, said a top company official. Betting big on the 'B' or compact car platform/chassis, the company also hopes to generate higher sales volume from the Asia Pacific region in few years ...
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NTSB urges backup system to protect track work crews after Metro-North foreman killed in Conn.
HARTFORD, Conn. -- The National Transportation Safety Board has issued an urgent safety recommendation after a railroad track foreman was struck and killed by a passenger train last month in Connecticut. The agency Monday urged the Metro-North Railroad to provide backup protection for track maintenance crews that now depend on train dispatchers. Foreman Robert Luden was killed May 28 in West ...
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Microsoft swaps Outlook.com linked accounts for aliases
"It's a new world" out there in terms of digital identity and security, Microsoft said Monday. And, this world is far more dangerous than it used to be. In order to mitigate e-mail infiltration by hackers and wrongdoers, Microsoft has announced that it's tossing linked accounts for ...
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China May home prices rise at fastest pace this year
BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing ...
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Japan says G8 stance is sign of approval for Abenomics
British Prime Minister David Cameron (L) welcomes Japanese Prime Minister Shinzo Abe for the first plenary session of the G8 Summit at Lough Erne in Enniskillen, Northern Ireland June 17, ...
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The Wolf on Wall Street Trailer Shows Leonardo DiCaprio Rolling in Mega-Wealth Debauchery
(Paramount Pictures/YouTube) The newly-released trailer for ';The Wolf of Wall Street,'; starring Leonardo DiCaprio, gives a first glimpse at Martin Scorsese’s new crime thriller about the wealth of Wall Street moguls in the ...
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Targets narrow vote on executive pay suggests shareholder discontent
Despite Target's healthy stock price, investors last week approved the retailer's executive compensation policies with just 52.1 percent of the vote, a stunning rebuke to a company that Wall Street has long regarded as one of the best-run in the ...
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In apparel industry advantages of Made in USA label wear thin
Workers sewed T-shirts at Los Angeles apparel firm Venley. Despite the higher production costs, the company’s owner refuses to send work overseas and produces everything ...
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Federal Reserves communication plan is backfiring
Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, March 20, 2013, following the Federal Open Market Committee ...
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Failed Minnesota clean-coal project gets help with its debts
Minneapolis -based company that never delivered on its promise to produce electricity with clean-coal technology, is getting government help to clean up its ...
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Leucadia Pizzeria ripped off for $545000
VISTA -; A Vista bookkeeper accused of embezzling more than $545,000 from the Leucadia Pizzeria chain pleaded not guilty Monday to 26 felony ...
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Wall Street starts week higher on upbeat manufacturing activity
US stocks opened higher on Monday on a strong note after a slide last week, boosted by a better-than-expected manufacturing activity index in the New York area and a rebound in stocks across the world.The June Empire State Manufacturing Survey indicated that conditions for New York manufacturers improved modestly, according to the Federal Reserve Bank of New York. The general business conditions ...
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Sprint Files Lawsuit Against DISH Network Corporation and Clearwire Corporation Citing the Illegality of the DISH Tender Offer for Clearwire
OVERLAND PARK, Kan. -- (BUSINESS WIRE) -- Sprint (NYSE:S) announced today that it has filed a complaint in the Delaware Court of Chancery against DISH Network Corporation (NASDAQ:DISH) and Clearwire Corporation (NASDAQ: CLWR) asking the Court to prevent the consummation of the DISH tender offer for Clearwire. Sprint believes the transaction violates Delaware law and the rights of both ...
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Fed Meets as Faith in Its Bond Program Wanes
There's a wide divide on Wall Street over whether further bond purchases by the Federal Reserve can help lower interest rates, which have been rising since early May. Economists, analysts and fund managers, who participated in the latest CNBC Fed survey, were almost evenly split on the question. Of the 60 respondents, 45.8 percent said further bond purchases could help lower yields, while ...
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Flush with orders aerospace industry retools for future
Reuters © Airbus sales chief John Leahy attend the 50th Paris Air Show, at the Le Bourget airport near Paris, June 17, 2013. REUTERS/Pascal ...
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Apple joins other tech companies in detailing government requests for data
Reacting to recent news reports about government data-gathering from major Internet companies, Apple on Monday joined several other tech companies that have begun reporting how many requests for customer information it receives from U.S. law enforcement and intelligence ...
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Jack in the Box closing 67 Qdoba stores
Jack in the Box announced Monday it will shutter 67 of its Qdoba stores, but as a measure of its faith in the brand, it will open many more of the Mexican Grill outlets in the coming ...
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Wall St. waiting on Bernankes words
Photo credit: Chairman Ben Bernanke (Getty) Since the U.S. economic recovery began, the Federal Reserve has emerged as the biggest power player on Wall Street, with investors hanging on to every comment made by Fed Chairman Ben Bernanke and his team. How powerful is the Fed? After recent comments from Bernanke that his agency might soon start to taper its easy-money policies over the next few ...
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Scott London Speaks Out on Kickbacks
Scott London spoke to CNBC's Jane Wells about the KPMG insider trading scheme and how much he made in kickbacks. London says "nothing like this has ever happened ...
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What to Do With Fannie Freddie
A bipartisan bill is in the works to replace Fannie and Freddie with a new government agency. Larry McDonald, Newedge; Ed Butowsky, Chapwood Investments; and Ron Kruszewski, Stifel Nicolaus, ...
Laos Digest
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Laos looking ahead
The new stock exchange in Laos may be a sign of changes to come in our otherwise centrally-run economy.
Laos is one of the poorest countries in South East Asia, but as the globally economy recovers and commodity prices pick up, the country looks set for a future of relatively strong growth, if not widespread prosperity, and this has been exemplified in the government’s recent decision to open a stock exchange in the country, which it is hoped will bring much-needed capital flowing into the country to fund investment projects in industry and infrastructure, catalysts for further growth in the economy. Read more
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