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5 Sep 2015 - United States
A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero's hedge-fund firm in its multipronged fight... against the Swiss bank over luxury developments.
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San Onofre fiasco shows theThe shutdown of the San Onofre nuclear power plant has stood for many shortcomings in the performance of our utilities and their regulators over the last three years.
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Blurry Job Picture Poses Test for Fed

Wall Street Journal - 5 Sep 2015 05:04
U.S. employment growth slowed in August but the jobless rate fell to the lowest level since 2008, a mixed labor-market reading less than two weeks before a crucial Federal Reserve meeting.
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Lyft, Uber poach key TwitterBy Yasmeen Abutaleb SAN FRANCISCO
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Ex-Bungie composer MartyMarty O’Donnell, the composer who created the music for the Halo and Destiny video games, has won his case in a legal battle with his former employer Bungie. Under a final ruling issued today from a... court-appointed arbitrator, Bungie must honor its agreements with O’Donnell that gave him the right to hold a considerable share of stock in […]
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Teamsters win election inWorkers at the Silicon Valley recycling plant that was central to a recent landmark National Labor Relations Board ruling have voted in support of being represented by the Teamsters union.
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Microsoft may spend billionsMicrosoft is considering a multibillion-dollar revamp of its headquarters that could include on-site apartments, restaurants and retail spaces, according to a Bloomberg report.  The overhaul of... Microsoft's campus, which is about 13 miles outside of Seattle, would be primarily designed to create more open space for workers to collaborate, instead of the private offices that currently make up much of the square footage in the buildings, the report says. Microsoft has hired the big architectural firm, Skidmore Owings & Merrill for the project — though it has not yet made the final decision on whether to proceed, Bloomberg said, citing an anonymous source. Microsoft has maintained its headquarters in Redmond, Washington since the mid-1980s and owns most of the property. Right now, the...
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Day in mix behind de Jonge as Spieth struggles

Business Insider - 5 Sep 2015 03:03
Day in mix behind de Jonge asNorton (United States)
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By Irene Klotz CAPE CANAVERAL, Florida
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Arson was cause of PlannedPULLMAN, Wash. (AP) -- A pre-dawn blaze that heavily damaged a Planned Parenthood clinic was arson, fire investigators in Washington state determined Friday. Pullman Fire Department investigator Chris... Wehrung also said a task force involving local agencies was investigating with the help of federal agencies. He declined to release other details. The fire follows a recent wave of protests at Planned Parenthood clinics across the country. On Aug. 22, some 500 protesters gathered outside the Pullman clinic, waving signs and calling for Congress to defund the organization. Many protesters referenced a series of videos released by anti-abortion activists in California that appeared to show Planned Parenthood executives saying the organization profits from the sale of aborted fetal tissue....
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Davis homers twice again, passes Cruz for ML lead

Business Insider - 5 Sep 2015 02:56
Davis homers twice again,TORONTO (AP) -- Baltimore Orioles slugger Chris Davis has homered twice against the Toronto Blue Jays on Friday night and has five homers in his last eight at-bats to overtake Seattle's Nelson Cruz... for the major league lead. Davis now has 40 homers on the season. After homering in the ninth inning Tuesday, he hit two more home runs against Tampa Bay on Wednesday, including a game-winning blast in the 11th. Davis opened the scoring Friday in the second inning with a second-deck drive to right. He broke a 2-2 tie in the sixth with a two-run shot to left. Both homers came off Blue Jays right-hander Drew Hutchison. It was the sixth multihomer game of the season for Davis and the 13th of his career. Matt Wieters followed Davis' second homer with a drive of his own. It was the fourth time this...
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Scientists exploring wreck ofPROVIDENCE, R.I. (AP) -- Scientists are using submersibles to explore a German U-boat sunk 7 miles off the Rhode Island coast the day before Nazi Germany surrendered in World War II, and they're... streaming the attempts online as they work to learn more about shipwrecks and how they affect the environment. The submarine, U-853, was sunk in the Battle of Point Judith by Coast Guard and Navy ships on May 6, 1945, the day after it took down the SS Black Point, the last U.S. merchant ship sunk in the Atlantic during the war. The scientists from the University of Rhode Island's Inner Space Center, Connecticut's Ocean Exploration Trust and the U.S. Coast Guard Academy hope to explore both wrecks during the five-day trip that lasts through Sunday. By Friday, they had so far made several attempts...
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Google releases technicalGoogle has just provided the technical specifications and drawings for the second version of its Google Cardboard virtual reality headset, which debuted at the Google I/O developer conference in May.... Google released specs for the initial version back in December. Now the specs have been updated for the new version, which accommodates 6-inch phones. Now […]
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DRONES: Startups,Some of the world's top industrial firms — including Qualcomm, Intel, GE, and Boeing — have already invested in startups focused on drones, and the space is heating up as venture-capital money and... international firms pile in. The industry will generating $2.3 billion in investments in the US market in 2016.   In an in-depth report from BI Intelligence, we take a deep dive into the various levels of the growing global industry for commercial drones, or unmanned aerial vehicles (UAVs). This 32-page report provides an exclusive list and profiles of dozens of notable companies already active in the space.  It also provides forecasts for the business opportunity in commercial-drone technology, looks at advances and persistent barriers, highlights the top business-to-business markets in...
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Ms. Franklin successfully blocked the Telluride Film Festival's highly anticipated screening of "Amazing Grace" with a last-minute injunction.
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Here's how the US depends on China

Business Insider - 5 Sep 2015 01:45
Here's how the US depends onBeijing devalued its currency the renminbi several times, which brought up fears over what that means for other countries who have economic relationships with China such as the US. In light of... that, Joseph P. Quinlan, chief market strategist at US Trust, Bank of America Private Wealth Management, detailed the significant and insignificant economic relationships between the two powerhouses. Sino-US ties are relatively significant in terms of trade and credit, according to Quinlan. US imports from China totaled $482 billion, or 16.9% of the total in 2014. Additionally, China's holdings of US treasuries have increased over the last fifteen years, totaling around $1.2 trillion at the end of 2014. On the flip side, China accounts for less than 2% of total US foreign direct investment...
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Gas prices fall as Labor Day approaches

L.A. Times - 5 Sep 2015 01:22
Gas prices fall as Labor DayGasoline prices in the Los Angeles region fell ahead of Labor Day weekend travel, making for the cheapest end-of-summer road trips in years.
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Illinois employers reportIllinois employers reported mass layoffs of 2,140 job people in August, according to a monthly report released Friday by the state's Department of Commerce and Economic Opportunity.
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Aretha Franklin blocksDENVER (AP) -- A federal judge is preventing The Telluride Film Festival from screening a documentary about a 1972 Aretha Franklin concert without the singer's consent. U.S. District Judge John L.... Kane issued his order in Denver about three hours before the Friday night screening of "Amazing Grace." Franklin testified by telephone from Detroit that she had objected to use of the concert footage in the documentary for years. Attorneys for the film festival argued that a recently discovered 1968 contract that Franklin signed allowed the use of the footage. But Kane said that document appeared to only relate to her music recordings. The documentary was scheduled to have three screenings at the film festival, which concludes Monday. Join the conversation about this story »
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Proxy advisory firm Institutional Shareholder Services is recommending Bank of America Corp. shareholders vote against a board proposal that would let Chief Executive Brian Moynihan keep the title of... chairman.
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Mets have no plans to shut pitcher Matt Harvey down

Business Insider - 5 Sep 2015 00:58
Mets have no plans to shutMIAMI (AP) -- The New York Mets plan for Matt Harvey to keep pitching as long as they keep playing. Harvey is expected to make four more starts during the regular season and assume a "reasonable... workload" during the playoffs, assistant general manager John Ricco said Friday. Harvey missed last season recovering from Tommy John surgery, and his health came into question after he became dehydrated during his latest start Wednesday. The right-hander is 12-7 with a 2.60 ERA and has thrown 166 1-3 innings for the NL East leaders, and there are no plans to shut him down at any point, Ricco said. "We're very comfortable we the fact that we've had a plan that has involved the doctors all the way through," Ricco said. "To this point they're still fine with that plan. We all think it's a reasonable...
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Educational content developer McGraw-Hill Education files for IPO valued at up to $100M
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Column: Football should be XsATLANTA (AP) -- A football season begins, and with it comes religion on the gridiron. Solemn prayers whispered before kickoff. Players from both teams kneeling together in the middle of the field when... it's over. Nothing wrong with any of that. Everyone is free to express their faith, no matter what they believe. But some universities and high schools have gone too far. When a college team hires a chaplain, it sends a clear message that everyone is expected to fall in line spiritually. When a coach takes part in a mass baptism at high school stadium, which happened recently in a small Georgia community, it doesn't take a constitutional scholar to recognize the predicament. So, before we get down to Xs and Os, let's make sure we're separating church and state. "Football is like a religion,"...
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This woman sold her companyWhen Good Technology announced Friday that it had sold itself to its long-standing rival BlackBerry for $425 million in cash, it was a moment of triumph for Good CEO Christy Wyatt. Good has one of the... longest, craziest histories we've ever heard of, filled with exits, near-exits, pivots, and reinvention. Today, Good Technology is known for its enterprise mobile security products, which helps enterprises track and protect fleets of smartphones and tablets. But it began life back in 2000 as a company called SpringThings, an email reader device that got crushed during BlackBerry's heyday. By 2002, it had changed its name and shifted focus to software, plugging along until Motorola bought it in 2006 for somewhere between $400 million and $540 million. Then Motorola sold it off, and shortly...
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Lower Gas Prices Yield Uneven Benefits

Wall Street Journal - 5 Sep 2015 00:48
The sharp fall in gas prices that began last summer has altered American life in ways spurring families to spend more at restaurants and clock more miles in bigger vehicles, while bruising regions and... sectors that rode the oil boom.
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