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18 Dec 2014 - United States
Icahn brokers 'deal' to saveCarl Icahn is saving Atlantic City's second-biggest casino, the Trump Taj Mahal, The Post has learned. The bankrupt, nearly 25-year-old casino was scheduled to close its doors Saturday morning. The...
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Human Rights Experts DenounceWASHINGTON -- A group of United Nations experts on human rights is urging the World Bank to reconsider proposed revisions to its safeguards for development projects. In a letter to World Bank... President Jim Yong Kim made public on Tuesday, 28 independent human rights experts appointed by the U.N. sharply criticized a draft of the proposed revisions, released in July. "[T]he document seems to go out of its way to avoid any meaningful references to human rights and international human rights law," the U.N. experts wrote, noting that there are only "passing references" to the concept. "While the Bank is clearly committed to ending extreme poverty and improving the quality of life of people in developing countries, the pursuit of these worthy goals does not automatically ensure that the...
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Americans send $2 billion aThat number will likely grow as the Obama Administration eases restrictions with the Communist country.
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Russian President Vladimir Putin said Thursday that the country's economic crisis could be fixed within two years as the government will undertake measures to diversify the economy, which is heavily... dependent on petroleum revenues. Putin also criticized the Western sanctions, and accused the U.S. and the European Union of undermining his country.
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(Reuters) - Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a... nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday.
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Oracle Corporation (ORCL)Oracle Corporation (NYSE:ORCL) beat forecasts in both revenue and earnings, possibly surprising even Morgan Stanley (NYSE:MS), which was projecting an upside in the stock but was not expecting the... change to reflect in the balance sheet as early as this quarter.
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Why Citigroup Sees 94% UpsideCitigroup Inc (NYSE:C) analyst Pedro Medeiros has maintained a Buy rating on Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock, with a target price of $13.00, according to a report issued on... Monday.
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The Syrian Electronic Army, a group of hackers that supports Syrian President Bashar Assad, struck again on Wednesday afternoon. The group - or someone purporting to be the SEA -- gained access to... International Business Times' internal publishing systems, deleting an article and threatening to further disrupt the site.
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Asian stocks rise after S&PJapan's Topix index headed for its biggest gain in 6 weeks; Hong Kong's Hang Seng climbed from its lowest since May
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DealBook: A Wager on EmergingMany bond funds have loaded up on high-risk, high-return securities and, in the process, have become ever more opaque about the risks involved.
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As Havana Celebrates HistoricThe sweeping changes President Obama outlined will have a profound impact on Cuba -- where isolation by the United States has fundamentally shaped the island's economy, its politics and even its... national identity.
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Business groups cheer Obama'sPresident Obama's decision to start normalizing relations with Cuba gives American business a fresh opportunity on an island once known as a travel hub for the U.S. jet set.
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Fed signals it will go slow onThe American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve's signal that it would take as long as three years... to raise interests to once-normal levels.
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Hillary Clinton Praises Obama's Cuba Deal

Business Insider - 18 Dec 2014 03:15
Hillary Clinton PraisesFormer Secretary of State Hillary Clinton issued a statement on Wednesday evening expressing her "support" for the major shift in US policy towards Cuba that President Barack Obama announced earlier... in the day. Clinton, who is widely considered the Democratic frontrunner in the 2016 presidential elections, echoed Obama's claim the shift will help improve human rights and free expression for Cubans living under the Communist government started by Fidel Castro.  "Despite good intentions, our decades-long policy of isolation has only strengthened the Castro regime's grip on power. As I have said, the best way to bring change to Cuba is to expose its people to the values, information, and material comforts of the outside world," Clinton said. "The goal of increased U.S. engagement in the days...
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Snapchat's revenue strategyMonths after a leak of salacious emails from his Stanford University fraternity days embarrassed Snapchat's young chief executive, the unauthorized release this week of a more recent set of emails... offered a mostly positive glimpse into his broad ambitions.
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New York Governor Andrew Cuomo’s decision to ban hydraulic fracturing has been heard around the world. It’s a choice that separates that state from others that are considered just as blue and just... as green.
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Silicon Valley Billionaire IsOn December 1, San Mateo County Court Judge Barbara Mallach issued a final order requiring Silicon Valley billionaire Vinod Khosla to immediately restore public access to Martin's Beach. Still, the... gate hasn't been opened, and now Khosla's lawyers are challenging the ruling. Khosla owns a 53-acre parcel adjacent to the beach, which he purchased for $37.5 million in 2008. A few months after Khosla made the purchase, a gate leading from the Pacific Coast Highway down to the parking lot was locked, and signs forbidding entry were posted. The Surfrider Foundation filed suit against Khosla in March of 2013. In September, Mallach ruled in favor of Surfrider, saying that Khosla was in violation of the California Coastal Act when he neglected to obtain a permit before posting signage and...
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Sony CEO Was Already FreakingThe US is finally getting ready to blame North Korea for the massive Sony Pictures Entertainment hack most likely linked to the movie "The Interview," starring Seth Rogen and James Franco.  But... apparently problems with the movie started much sooner. Sony Corp.'s CEO was already freaking out over the summer about specific gruesome scenes in the movie "The Interview" that likely angered North Korea. The movie tells the story of journalists instructed by the CIA to assassinate Kim Jong-un after scoring an interview with the North Korea dictator. North Korea's subsequent hack -- which released tons of cringe-worthy emails -- also revealed that Sony Corp's CEO Kazuo Hirai was unusually involved in the production of "The Interview" after North Korea called the movie an "act of war" after...
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Lions Gate Wanted a MergerLions Gate Entertainment Corp (LGF), the studio behind famous franchises like "The Hunger Games" wanted to set a meeting with the CEO of Sony Corp (SNE), Kazuo Hirai in 2013 to discuss an acquisition... or a merger of the two studios, according to emails and documents leaked by the Hacker group, "Guardians of Peace."
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Should Your Company GetMore and more companies are buying insurance to protect themselves from the financial disaster caused by data breaches like the one Sony suffered.
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The New York Stock Exchange is working to marshal Wall Street support for a plan that would overhaul features of the U.S. stock market that have drawn criticism from investors in the last year.
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2015 Sugar Bowl Among MostAs the Sugar Bowl became one of the inaugural semifinal games for the College Football Playoff, demand for tickets on both the primary and secondary market reached record highs for the bowl. With a... current secondary market average price of $437.25, this year’s Sugar Bowl is both the most expensive bowl game of the year and the most expensive Sugar Bowl over the past five seasons. With such a high average, it will also be the sixth most expensive football game to be played at the Superdome since the start of 2010, when TiqIQ started keeping track of secondary market data.
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Sony Cancels Release of 'TheWhile the seriousness of the threats made by hackers are unclear, Sony has decided to cancel the controversial film's Dec. 25 release.
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Samsung Gearing Up To Challenge Apple Pay

Bidness etc. - 18 Dec 2014 00:39
Samsung Gearing Up ToSAMSUNG ELECT LTD (F) (OTCMKTS:SSNLF) is in talks with LoopPay to introduce a wireless mobile payment service on its devices in 2015 that will challenge Apple Inc.'s (NASDAQ:AAPL) Apple Pay service.... Samsung's plans include giving Samsung phones the technology to be used in a large number of brick and mortar store locations using NFC technology instead of using either credit card or cash.
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McDonald's Set To Phase OutNew Years' resolutions might've just gotten a little easier now that McDonald's has announced it will start phasing out eight menu items at an undisclosed time. Besides holding the distinct honor of... being "America's Least Favorite Fast-Food Chain," the company has faced setbacks with menus far too large to understand and tanking profits in recent months. One of the solutions to those tanking profits? Shrinking menu sizes. "Our intent is to have a cleaner menu board that is easier for customers to absorb," spokeswoman Lisa McComb said in a statement to The Huffington Post. To do so, McComb said McDonald's will be "simplifying our current menu." Most notably, that means the fast-food chain will simply by slimming down to "one Quarter Pounder with Cheese burger vs. four; one Premium Chicken...
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