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7 Feb 2014 - Global
Mere months from its 100th anniversary, the Panama Canal is facing some serious drama. The eagerly awaited expansion it has been undertaking since 2009 has come to a halt because of disagreements... among contractor companies -- and it does not look like the issue will be resolved any time soon.
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This Plan Could Save the PostGo to the post office, send a package, pick up some stamps and deposit your paycheck or pay a bill? That’s the newest idea for rescuing the cash-strapped USPS floated in a report published by the... U.S.P.S. Office of Inspector General. “One in four U.S. households lives at least partially outside the financial mainstream,” it says. The FDIC puts the number of entirely unbanked Americans at about 8%, but that’s still a lot of families stuck conducting financial transactions with check-cashing storefronts, services that wire money, payday lenders and even pawnshops. Exclusion from the financial mainstream isn’t cheap: “The average underserved household spends $2,412 each year just on interest and fees for alternative financial services,” the OIG says. It estimates it could turn a...
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How You Can Build A GreatOne of the quickest ways you can rise to the top in business is to establish a distinct and attractive personal brand.
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Budweiser Drops Winter Olympics Parties In Sochi: Report

The Huffington Post - 6 Feb 2014 18:32
Budweiser Drops WinterBudweiser has reportedly dropped its traditional Olympics party spot because the company is uncomfortable with the situation in Sochi. A representative for Anheuser-Busch confirmed to TMZ that... Budweiser's Club Bud party spot will not be in Sochi. While the rep would not give a specific reason for the cancellation, TMZ reported "the company is not comfortable with the situation in Russia" and does not want U.S. brand reps there because "the terrorist threat is simply looming too large." A media contact for Anheuser-Busch was not immediately available for further comment. The company has brought Club Bud to several Olympics in the past. A new CNN/ORC poll revealed 57 percent of Americans think a terrorist attack at the Sochi Games is likely. Of the 1,000-plus people polled, 55 percent said...
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U.S. job growth seen snapping back from winter chill

The West Australian - 7 Feb 2014 08:02
By Lucia Mutikani WASHINGTON
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ASX extends yesterday's recovery rally

The West Australian - 7 Feb 2014 07:13
ASX extends yesterday'sOptimism over tonight's US jobs report helped the Australian sharemarket extend its recovery rally, but a spike in Chinese borrowing costs cooled sentiment.
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Exclusive - ABB looks to shedBy Greg Roumeliotis, Soyoung Kim and Anjuli Davies NEW YORK/LONDON
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General Dynamics plans to close its Sunrise facility, eliminating 56 jobs.
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Minimum wage bill clears Ky. House

Miami Herald - 7 Feb 2014 01:33
The Kentucky House has passed a bill to raise the state's minimum wage for the first time since 2009.
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After Martoma's InsiderFormer SAC Capital portfolio manager Mathew Martoma was found guilty of insider trading after failing to settle with federal investigators, netting another victory for US attorney Preet Bharara,... putting billionaire Steve Cohen in the spotlight.
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WASHINGTON
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Will Fitch Downgrade the U.S. Over Debt Ceiling Drama?

The Huffington Post - 7 Feb 2014 00:29
Will Fitch Downgrade the U.S.When Standard and Poor's downgraded the U.S. AAA rating, on August 5, 2011, the Dow dropped 2000 points and gold soared to $1,895 an ounce. Are we at the brink of another downgrade by Fitch Ratings?... In a press release issued on February 5, 2014, Fitch Ratings criticized the political showdown over the debt ceiling, writing, "Repeatedly casting uncertainty over the full faith and credit of the U.S. risks undermining confidence in the role of the U.S. dollar." While this is not the only consideration in the AAA credit rating, it could be the straw that broke the camel's back. Should the U.S. Remain AAA Rated? Below are some of the pluses and minuses that Fitch Ratings will be considering. Pluses: Global Reserve Currency. The U.S. dollar is still the most liquid currency in the world. 61.4...
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After a weak holiday season and rough winter weather that kept shoppers away in January, retailers were dealt another dose of sobering news Thursday. The nation's biggest retail group issued a modest... growth forecast for sales in 2014, and warned of economic headwinds that could influence how shoppers spend their money this year.
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Washington is failing the long-term unemployed. And it's mostly the GOP's fault.     
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Royal Caribbean offers cruises for $32 a night

Market Watch - 6 Feb 2014 19:22
Cruise lines are offering bargains following the recent onboard norovirus outbreak.
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Schumpeter: Those who can't, teach

The Economist - 6 Feb 2014 18:01
Schumpeter: Those who can't,IN EVERY profession there are people who fail to practise what they preach: dentists with mouths full of rotten teeth, doctors who smoke 40 a day, accountants who forget to file their tax returns. But... it is a rare profession where failure to obey its own rules is practically a condition of entry. Business schools exist to teach the value of management. They impart some basic principles--like setting clear goals and managing risk. They also teach how dangerous the business world has become. The most fashionable phrase today is "disruptive innovation": professors solemnly warn people that entire industries face powerful new forces and that comfortable incumbents are at the mercy of swift-footed challengers. But when it comes to their own affairs, business schools flout their own rules and...
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NEW YORK (AP) -- Advertising growth is helping lift New York Internet company AOL Inc., although costs associated with its former local news unit Patch weighed on fourth-quarter profit.     
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RICHMOND, Va. (AP) -- Philip Morris International says its fourth-quarter profit dropped 5 percent as cigarette sales fell in most of its markets and it was hurt by foreign exchange rates for the U.S.... dollar.     
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Lindsay Lohan Was Supposed ToLast month, we took a look back at the cast of "Mean Girls" to mark the film's 10-year anniversary this spring. For the occasion, Vulture has a great
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Stocks rebound to post gain for the week

Miami Herald - 7 Feb 2014 16:37
Stocks rebound to post gainAs comebacks go, this one was a couple of days in the making.
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Property transactions in Greece are now taxable at 3%, under the new law which came into effect this January. This is a huge reduction from the 8% on the first €20,000 of the property’s value and... 10% for amounts beyond the first €20,000 under the previous tax regime.  Where...
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Stocks rebound to post gain for the week

News Observer - 7 Feb 2014 16:34
As comebacks go, this one was a couple of days in the making.
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Nigeria is on course for 6.75 percent GDP growth this year, despite political turmoil ahead of 2015 elections, the finance minister told.
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Brand attachment evident in horror flicks

Toronto Sun - 7 Feb 2014 16:33
Brand attachment evident inUniversity of B.C. researchers have found a connection between emotional ties to brand products caused by watching scary movies, countering industry beliefs that advertising during horror flicks is... bad for business.
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VIDEO: Swansea Bay £850mPlans have been submitted for a £850m tidal lagoon in Swansea Bay which could provide power for 120,000 homes for 120 years.
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Artificial Intelligence

TPM - 7 Feb 2014 16:32
Nichole Perkins writes about the much-discussed Spike Jonez movie "Her" and how it's really an updated "My Fair Lady": "When the woman, or rather the operating system, who only metaphorically 'comes... to life' this time continues to develop, it's clear that her advancement is unwelcome."
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When Igor Sechin was working as President Vladimir Putin's deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound... volumes containing minutes of Communist Party congresses.
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January jobs report disappoints again

Chicago Tribune - 7 Feb 2014 16:29
January jobs reportThe U.S. economy created a disappointing 113,000 new jobs in January, the Labor Department reported Friday. Analysts expected nonfarm payrolls to increase by 185,000 jobs last month.
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With data strewn across several apps, it can be impossible to know if your efforts to get healthy are working. Nudge wants to change that.
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(Kitco News) - U.S. gold futures spurted higher but only briefly, remaining range-bound overall so far on Friday after a report showing that growth in U.S. nonfarm payrolls was weaker than expected in... January.
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(Kitco News) - Gold prices are modestly higher in early U.S. trading Friday, following a significantly weaker-than-expected U.S. employment report. Initial gains in gold, in the wake of the bullish... report, have faded as the rival asset U.S. stock indexes have rallied on ideas the Federal Reserve now cannot be as aggressive in its so-called tapering program. April gold was last up $2.50 at $1,259.60 an ounce. Spot gold was last quoted up $1.10 at $1259.50. March Comex silver last traded down $0.093 at $19.83 an ounce.
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Hexaware Tech's consol PAT crosses Rs 100 cr mark

Business Standard - 7 Feb 2014 16:23
Hexaware Technologies reported a consolidated net profit of Rs 103.22 crore in December quarter; income from operations stood at Rs 620 crore
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Market correction: How farU.S. investors worried about a correction might be surprised to learn it's already here for a big chunk of their portfolios.
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Bridging loans in the UK set new lending record

Property Wire - 7 Feb 2014 16:20
Gross bridging lending in the UK totalled £2 billion in the 12 months to the beginning of January, up 3.3% from the annual figure in November 2013, and setting a lending record for the industry. This... brings annual growth in gross bridging lending to 27%, up from £1.57 billion in gross bridging lending in 2012. If lending continues at this rate for a year, gross lending in the next 12 months would be £2.51 billion per year. ‘Economic progress feels more solid by the week, and it’s branching out across every area of business. By securing vital projects against property, firms and individuals stand to make the most from a year of great opportunity,’ said Duncan Kreeger of West One Loans. ‘Bridging has grown up from the industry it once was, and it’s still evolving in 2014....
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Engineers India FPO fully subscribed on Day 2

livemint.com - 7 Feb 2014 16:20
Engineers India FPO fullyThe FPO for a 10% stake sale in the state-run company is scheduled to close on Monday.
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Report says Apple repurchasedNEW YORK, N.Y. - Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors.
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Western Australia's Department of Water has told a state parliamentary inquiry it has no veto over fracking for natural gas below proclaimed groundwater areas such as rivers.
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The nation continues to be battered with a relentless succession of snow storms and deep freezes. But while many Americans are crying uncle, those in some industries are shouting "encore!"
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Anglo American Platinum said one person died after a “disruptive protest” by striking workers in South Africa.
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Coke Defiantly to Air LongerABC News' Cecilia Vega and Matt Knox report: Coca-Cola drew lots of negative reaction when it aired its multilingual "America the Beautiful" ad during the Super Bowl, but the company is defending its... commercial and plans to release an even longer version of it during...     
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Five privacy jobs set to boom

Macleans - 7 Feb 2014 16:14
Ontario's privacy czar Ann Cavoukian predicts the jobs that will be in demand The post Five privacy jobs set to boom appeared first on Macleans.ca.
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Bitcoin Value Nosedives asThe value of the digital currency Bitcoin fell dramatically on Friday after one of the world's largest Bitcoin exchanges halted withdrawals to deal with technical issues. Mt. Gox, a Japan-based... exchange, said on its website that the pause in withdrawals was needed to address technical problems caused by an increase in withdrawal requests. Bitcoin prices plummeted from $831 on Thursday to $658 on Bitcoin prices fell from $831 on Thursday night to $658 on Friday morning, before rebounding to $719, CNN reports. The price of the virtual currency has been extremely volatile in recent months.
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VIDEO: What happened to theAfter the financial crash some predicted the demise of the eurozone, but no country has left and the single currency is still shared by 17 EU member states.
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Drug firm Adcock stays in SA hands

Fin24 - 7 Feb 2014 16:14
Drug firm Adcock stays in SAChile's CFR Pharmaceuticals says it would drop its $1.2bn bid for Adcock Ingram after being thwarted by the drugmaker's top shareholder.
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A quick look at January unemployment (previous month in brackets): Unemployment rate: 7.0 per cent (7.2) Employment rate: 61.6 per cent (61.6) Labour force participation rate: 66.3 per cent (66.4)... Number unemployed: 1,333,200 (1,383,500) Number working: 17,797,300 (17,767,900) Youth (15-24 years) unemployment: per cent 13.9 (14.0) Men (25 plus) unemployment: per cent 6.1 (6.4) Women (25 plus) unemployment: per cent 5.4 (5.6)
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Energy firms told to cut gasAnalysts are telling energy firms that it is time to cut consumer gas bills, because wholesale prices have fallen.
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Corporation Bank Q3 profit dropped 58% to Rs 127 cr

Business Standard - 7 Feb 2014 16:11
Total income increased to Rs 4,947.34 cr during the quarter
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MARKETS HAVE COMPLETELY TURNED AROUND

Business Insider - 7 Feb 2014 16:08
MARKETS HAVE COMPLETELY TURNEDU.S. futures were green ahead of the U.S. jobs report with Dow futures up by 49 points. After the ugly U.S. jobs report came out, they tanked sending Dow futures in the red by around 28 points. And... now they're up 53 points a few minutes ahead of the U.S. trading session. S&P 500 futures are up 9 points. Nasdaq futures are up 22 points. The U.S. economy added just 113,000 jobs in January. Economists were looking for 180,000. The unemployment rate fell to 6.6%. Ahead of the report, S&P 500 futures were up 7.1 points, and Nasdaq futures were up 19.5 points. Join the conversation about this story »     
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US Jobless At Five-Year LowJob creation in the US economy eases significantly, causing concern despite unemployment being at its lowest since 2008.
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Treasury prices spike, then quickly pare gains, after the second soft jobs report in a row stokes fears about a slowdown in economic growth.
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MassHousing, the quasi-public agency that provides financing for affordable housing in the Commonwealth, said that it has closed $11.8 million in loans for the acquisition and adaptive reuse of the... historic Sitkowski School in Webster into 66 affordable apartments for people age 55 and older. The Sitkowski School Apartments is being developed by Neighborhood Of Affordable Housing of East Boston. Built in the early 1900s, the brick building is located in downtown Webster adjacent to the Webster Town Hall and Webster Public Library. The building served as both a high school and middle school and has been vacant since 2005. The rehabilitation of the Sitkowski School is part of a larger master plan advanced by the Webster Redevelopment Authority to revitalize downtown Webster.     
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Only 113K jobs added inHiring was surprisingly weak in January for the second straight month, likely renewing concern that the US economy might be slowing after a strong finish last year. The Labor Department...
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WASHINGTON (AP) -- Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
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Canada's Unemployment RateCanada's job market bounced back in January following an unexpectedly weak December, adding 29,000 jobs and sending the unemployment rate down to 7 per cent, from the prior reading of 7.2 per cent,... StatsCan said Friday. For the second month in a row, the U.S. unemployment rate was below that of Canada, something that had previously not been seen for some five years. The U.S. unemployment rate fell to 6.6 per cent in January even though the economy added a weaker-than-expected 116,000 jobs, the Bureau of Labor Statistics reports. Canada added some 50,500 full-time jobs in January, but that was partially offset by losses in part-time jobs. StatsCan noted that Canada increased the number of jobs by 0.8 per cent over the past year, which is not enough to keep up with population growth. The...
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Q&A With Direct CarrierDirect carrier billing allows users to add the value of a purchase directly to their mobile bills. For now, it's largely used for digital goods like tokens that can be purchased within gaming apps,... but it could ultimately catch on for other digital and physical purchases. In a recent chart, we looked at the potential for direct carrier billing to take off as a method of payment in emerging markets where credit card penetration is low. Fortumo is one of the companies that is taking advantage of this opportunity.   Fortumo was founded back in 2007 in Estonia and has since expanded with offices in San Francisco, Beijing, and India. The company also has impressive reach, offering direct carrier billing in 80 countries, in partnership with over 300 operators.  We recently spoke with Martin...
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BIDEN: There's No Good ReasonVice President Joe Biden said in an interview with CNN's Kate Bolduan that he can't formulate a "good" reason not to run for president in 2016.  "There may be reasons I don't run, but there's no... obvious reason for me why I think I should not run," Biden said in the interview, which aired Friday morning on CNN's "New Day." Biden said, realistically, that a decision on his potential 2016 run would come next summer. One reason he might not run is the sizable polling gulf already between him and Democrats' most logical candidate — former Secretary of State Hillary Clinton. According to a Washington Post/ABC News poll out last week, Clinton holds a 73-12 lead over Biden in a theoretical 2016 Democratic primary. Biden will also be 74 in 2016. Biden said that he was "truly optimistic" about...
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Roundup of comments to Friday's Labor Department report showing the U.S. economy added 113,000 jobs in January, the unemployment rate fell to 6.6% and the U-6 jobless rate also fell.
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How volunteering can take youThink of successful people, and the mind usually defaults to areas of personal achievement. A Wall Street CEO, maybe, or a hotshot lawyer, or a billionaire founder of a tech startup.
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TORONTO - Jim Flaherty says he will outline the government's plans to curb the link between terrorists, organized crime and charities, as part of stricter rules for charities that will be outlined in... the new federal budget next week. "There are some terrorist organizations, there are some organized crime organizations that launder money through charities, and make donations to charities," he said during a media conference in Toronto on Friday. "That's not the purpose of charitable donations in Canada, so we're becoming increasingly strict on the subject. You'll see some more on Tuesday." The finance minister did not offer specifics on what measures would be taken, but said he's not concerned about suggestions that changing rules for charities would be perceived as a way to silence critics...
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EIL FPO fully subscribed on day 2

Business Standard - 7 Feb 2014 16:01
The share sale saw a lukewarm response yesterday, gained traction today as bids from institutional buyers came in
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Develop Strategic Thinkers Throughout Your Organization

Harvard Business Review - 7 Feb 2014 16:00
It's the single most important skill a leader needs.
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The U.S. added 113,000 jobs in January and the unemployment rate fell again to a new post-recession low, but the pace of hiring appears to have slowed over the past few months, according to government... figures released Friday. The nation's unemployment rate dropped to 6.6% from 6.7%.
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NEW YORK (AP) -- Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors....     
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Olympic-Style Race LightsIn his first thousand days in office, Gov. Walker reduced Wisconsin's tax burden by $1.4 billion, which helped grow the local economy by attracting businesses and jobs. Walker already has surpassed... his goal of creating 10,000 new businesses by 2015, with 13,000 new businesses created and the promise of many more to come.
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Profit Expected to Dip for Barclays

Forbes - 7 Feb 2014 16:00
Despite an expected dip in profit, analysts are generally optimistic about Barclays as it prepares to reports its fourth-quarter earnings on Tuesday, February 11, 2014. The consensus earnings per... share estimate is 22 cents per share.The consensus estimate hasn't changed over the past month, but it's down from three months
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US Smartphone PenetrationThe U.S. hit 65.2% smartphone penetration in December and added 30 million new smartphone users during 2013 to reach about 156 million smartphone users by the end of the fourth quarter, according to... comScore. That's up from 28 million new users added in 2012. The number of new users added in a year through the end of each quarter, compared to that same time period one year earlier, has been up and down over the past several quarters, but has not been able to match the peak of 35 million yearly net adds, which was reached at the end of the fourth quarter of 2011.  The "late majority" of smartphone adopters are now dictating the pace of the market, as we're already well past the halfway point of adoption, with 65% of mobile subscribers aged 13 and above already using a smartphone. That's...
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How To Land Your FirstLanding an enterprise client isn't easy and it's almost never quick, but it can be done if you're willing to invest the energy. Matthijs Keij shares how.
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Amazon turns cameras into credit cards

Market Watch - 7 Feb 2014 15:59
App's new "Flow" feature allows for point-and-shoot shopping.
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South Africa's Richards Bay Coal Terminal (RBCT) exported 4.6 million tonnes of coal in January compared with 6.8 million tonnes the previous month, RBCT data showed.
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Republicans Finally Realize There's A Jobs Crisis

The Huffington Post - 7 Feb 2014 15:58
Republicans Finally RealizeThe U.S. has been in a jobs emergency since at least 2008. The cause of the crisis -- too little demand -- isn't mysterious, and neither are the solutions.
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TORONTO - The Canadian dollar chalked up a solid gain as employment data for January came in ahead of expectations. The loonie moved ahead 0.42 of a cent to 90.75 cents US as Statistics Canada said... that 29,400 jobs were created after the economy shed 44,000 jobs during December. Economists had expected that the economy would create about 20,000 jobs last month. Canada's national unemployment rate slid to 7.0 per cent for the first month of the year, compared with 7.2 per cent in December. But U.S. numbers were a big disappointment as the Labor Department reported that 113,00 jobs were created against the approximately 180,000 that had been expected. Still, more people began looking for work in January, and some of the jobless were hired, reducing the unemployment rate to 6.6 per cent from...
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On a day when Delhi chief minister Arvind Kejriwal announced an annual fare hike for autoickshaws, Indraprastha Gas Ltd (IGL) that supplies compressed natural gas (CNG) and piped natural gas (PNG) in... Delhi, Noida, Greater Noida and Ghaziabad that ...
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U.S. stock futures zig-zagged Friday after the government report on non-farm payrolls showed the economy added just 113,000 new jobs last month, far less than economists had forecast.
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ECB to gain far-reaching powers

IOL - 7 Feb 2014 15:57
The European Central Bank will attain significant powers over the euro zone's commercial banks once it becomes their supervisor later this year.
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WASHINGTON (AP) -- President Barack Obama and Congress stand at a junction. An AP News Analysis     
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India is expected to increase its annual salt production to 40 million tonnes by 2020, a senior official said on Friday.     
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The directions are part of efforts to ring fence the capital market
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US employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up.
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Published every weekday, the Switchboard highlights five tech policy stories you need to read. Tech's biggest players hire first NSA lobbyist. "Apple, Google, Facebook and five other technology giants... that have banded together in their calls for surveillance reform officially registered a Washington lobbyist on Thursday," Politico writes. "The new hire -- tasked to represent a coalition that also includes AOL, LinkedIn, Microsoft, Twitter and Yahoo -- is a big political move for an industry that initially had tried to avoid the debate over the National Security Agency. Tech companies recently have become more engaged, however, as they discover they have serious business interests at stake."
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Economists expected 185,000 jobs to be added in January.
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THE SCARIEST JOBS CHART EVER

Business Insider - 7 Feb 2014 15:54
THE SCARIEST JOBS CHART EVERThe January jobs report is out, and it was a big miss. 113,000 workers were added to nonfarm payrolls in January, well below the consensus Wall Street estimate of 180,000. The unemployment rate... dropped to 6.6% from 6.7% last month. All told, this was the second straight disappointing monthly jobs report, and it's another reminder that the U.S. labor market remains anemic. Bill McBride of Calculated Risk runs a chart every month that puts the jobs recovery into better perspective. "This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions," writes McBride. "The dotted line is ex-Census hiring. This shows the depth of the recent employment recession — worse than any other post-war recession — and the...
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TORONTO - The Toronto stock market was little changed Friday as Canadian employment during January breezed past expectations and traders put the best face on American jobs data that widely missed... forecasts. The S&P/TSX composite index shed early gains to dip 5.4 points to 13,708 as Statistics Canada said the economy created 29,400 jobs, far higher than the 20,000 level that economists had been looking for while the unemployment rate slid to 7.0 per cent from 7.2 per cent in December. The showing was a big improvement from December when the economy shed 44,000 jobs. The Canadian dollar jumped 0.46 of a cent to 90.79 cents US on the data. U.S. markets registered a solid gain as the U.S. Labor Department reported that 113,000 jobs were created in January against the approximately 180,000 that...
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TORONTO - The Toronto stock market was higher Friday as Canadian employment during January breezed past expectations and traders put the best face on American jobs data that widely missed forecasts.... The S&P/TSX composite index was ahead 18.69 points to 13,732.09 as Statistics Canada said the economy created 29,400 jobs, far higher than the 20,000 level that economists had been looking for while the unemployment rate slid to 7.0 per cent from 7.2 per cent in December. The showing was a big improvement from December when the economy shed 44,000 jobs. The Canadian dollar jumped 0.55 of a cent to 90.88 cents US on the data. U.S. markets were higher even as the U.S. Labor Department reported that 113,000 jobs were created in January against the approximately 180,000 that had been expected....
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How to Trick Youself Into Getting Rich

ABC News - 7 Feb 2014 15:52
How to Trick Youself IntoRising interest rates scare bond investors, but there are alternatives.     
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The U.S. added 113,000 jobs in January and the unemployment rate fell again to a new post-recession low, but the pace of hiring appears to have slowed over the past few months, according to government... figures released Friday. The nation's unemployment rate dropped to 6.6% from 6.7%.
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CNG price slashed by RsCompressed Natural Gas, or CNG, will cost Rs 35.20 per kg from tomorrow as against the current rate of Rs 50.10 per kg. Rates of piped natural gas (PNG) that households use for cooking, was cut by Rs... 5 per standard cubic meters (scm) per day.
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6 Gorgeous Concept Photos Of The Big-Screen iPhone 6

Business Insider - 7 Feb 2014 15:50
6 Gorgeous Concept Photos OfA few weeks ago, The Wall Street Journal reported that Apple plans to release two new iPhones with bigger screens this year.  The first device will have just under a 5-inch screen, likely 4.7 inches... to keep the same size ratio the 4-inch iPhone 5S has. The second phone will have a very large screen, probably around 5.5 inches. If the reports are true, it would be a welcome change. Most phones sold today have screen sizes larger than four inches, and a bigger screen is one of the most-requested features for iPhone users.  Designer Federico Ciccarese put together a few mockups of what the next iPhones could look like based on the information we have so far.  Take a look: SEE ALSO: The best smartphones in the world Join the conversation about this story »     
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By One Measure, This Was A Stupendous Jobs Report

Business Insider - 7 Feb 2014 15:50
By One Measure, This Was AThe Non-Farm Payrolls report just came out, and it was a big miss. Just 113,000 new jobs were created in January vs. 180,000 expected. But there are two parts to every jobs report. One is the... Establishment Survey, where they ask businesses how many people they hired in the month. That's where the 113,000 number came from. But the other part is the Household Survey, where they ask households whether they gained/lost jobs in the month. And that side of this report was amazing. From the report: After accounting for the annual adjustment to the population controls, the civilian labor force rose by 499,000 in January, and the labor force participation rate edged up to 63.0 percent. Total employment, as measured by the household survey, increased by 616,000 over the month, and the...
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Hackers may have used Pa. company to hit Target

News Observer - 7 Feb 2014 15:50
The hackers who stole millions of customers' credit and debit card numbers from Target may have used a Pittsburgh-area heating and refrigeration business as the back door to get in.
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Reliance Capital net zooms 65% on higher margins

Business Standard - 7 Feb 2014 15:50
Reliance Capital - the non-banking finance company of the Anil Ambani group - has reported 65% increase in its net profit on a consolidated basis to Rs 166 crore for the quarter ended December mainly... due to strong performances of housing finance and ...
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Violent anti-govt protests spread across Bosnia

News Observer - 7 Feb 2014 15:50
Anti-government protesters stormed into the Bosnian presidency and another government building in Sarajevo and set them ablaze Friday as riot police fired tear gas in a desperate attempt to stop…
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Casual clothes are one thing, but a casual attitude won't get entrepreneurs very far.
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Yahoo shifts Europe tax base to Ireland from Switzerland

The West Australian - 7 Feb 2014 15:48
Yahoo shifts Europe tax baseBy Tom Bergin and Valentina Consiglio LONDON/ROME
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Russia offers stake in 10Rosneft has offered 9 offshore blocks in Barents Sea Offshore and 1 in Black Sea for joint exploration, says Panabaka Lakshmi
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Bob Dylan, Corporate Shill

The Huffington Post - 7 Feb 2014 15:47
Bob Dylan, Corporate ShillI don't want to make too big a deal about Bob Dylan appearing in a Chrysler commercial during the Super Bowl and yet, I'm afraid, it is a big deal. It followed closely on the heels of the death of... Pete Seeger, who helped start the whole folk-music groundswell that buoyed Dylan to critical acclaim and, almost as quickly, to the top of the pop charts. There are many things that connect Seeger and Dylan, not the least of which is their admiration, even idolization, of Woody Guthrie. And as I watched the commercial -- "Is there anything more American than America?" Dylan gnomically asked -- I thought, would Woody Guthrie, voice of the working man, have done a commercial for a major multinational corporation? No, of course not. Keep in mind that, just a few minutes earlier, one of Dylan's...
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TUZLA, Bosnia-Herzegovina (AP) -- Bosnian protesters have set ablaze the local government building in Tuzla after they stormed it in rage over unemployment, rampant corruption and an overpaid... political elite that appears detached from people's needs.     
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U.S. economy adds a modestHiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.     
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As expected, CME's top line growth in the quarter was driven by a surge in trade volumes leading to a 6% growth in the company's core transaction business. While interest-rate contracts were traded... nearly 30% more in Q4 2013 than the year-ago period, the trade volumes of all other derivatives remained nearly flat during the quarter.
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ST. JOHN'S, N.L. - Norwegian energy firm Statoil says it will begin exploration drilling off Newfoundland later this year. The company says the drilling will take place some time likely between July... and September. Statoil announced last fall that it had discovered a reservoir of light crude believed to hold between 300 million and 600 million barrels of recoverable oil while drilling in an area known as the Bay du Nord prospect, about 500 kilometres northeast of St. John's. It was the third find in the Flemish Pass Basin in the North Atlantic and was described as the 12th largest oil discovery in the world in the past four years. So far no details have been released on how much the company will spend on the drill program or on how many jobs it will create.
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More than the guidance beat, what stood out for the company was its revenue guidance for Q1, given the backdrop of pricing concerns surrounding the renegotiation of a contract with its largest media... customer. Akamai said that it expects revenues for the current quarter to be in the range of $426-442 million, which translates to flat sequential growth at the mid-point, despite headwinds from the contract renewal and weak seasonality.
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Yahoo shifts Europe tax base to Ireland from Switzerland

The West Australian - 7 Feb 2014 15:44
Yahoo shifts Europe tax baseBy Tom Bergin and Valentina Consiglio LONDON/ROME
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Jobs Grew at Sluggish Pace inThe economy added only 113,000 new jobs in January, the government said Friday, a number that fell short of expectations even as the unemployment rate dipped to its lowest level in five years. The... slow pace of growth underscored the continuing fragility of the economic recovery more than five years after the financial crisis. The 113,000 new jobs on nonfarm payrolls were considerably less than the 180,000 analysts had expected. The unemployment rate still fell to 6.6 percent in January from 6.7 percent in December, the Bureau of Labor Statistics said in its monthly jobs report. December’s disappointing report of just 74,000 jobs added was revised upward only slightly, to 75,000. Even as millions of jobs have been added since the worst of the recession in late 2008 and early 2009, the...
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Net changes in value as a result of foreign currency exchange rates led to a pre-tax loss of $1.2 billion. As a result, Prudential reported a net loss of $427 million for its financial services... business, down from a loss of $185 million in 2012.
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Rupee rises 9 paise to 62.28 versus dollar

Times of India - 7 Feb 2014 15:43
The rupee on Friday appreciated by nine paise to end at 62.28 against the dollar on sustained selling of the US currency by exporters and positive trends in stocks, helping it wrap up its best week in... nine.     
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Successful spectrum biddersThe ongoing spectrum auction has seen bids crossing Rs 52,600 crore mark in first five days since it started on February 3.
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VIDEO INSIDER: Adapt.tv BoostsWelcome to our new Video Insider newsletter, a morning email with the top news and analysis on the digital video industry, produced by BI Intelligence.  ADAPT.TV ACQUISITION PAYS OFF FOR AOL: AOL... posted strong results during its fourth quarter earnings call. AOL’s advertising revenue jumped 23% to $507 million. The company has steadily shifted its focus toward digital advertising. In August, AOL completed a deal with the video advertising company Adapt.tv for $405 million. The acquisition has allowed AOL to dramatically expand its video and programmatic advertising capacity. “The investments we have made are paying off,” said AOL CEO Tim Armstrong during an interview. (Reuters, AOL) AMAZON READIES 10 NEW ORIGINAL PILOTS: Amazon is set to premiere ten new pilots on the company’s...
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Yelp continued to report superlative growth for all its performance metrics. The company reported 47% growth in cumulative reviews to 53 million and 39% increase in average unique monthly visitors to... 120 million. While active local business accounts increased by 69% year over year to 67,200, claimed local businesses increased to 1.5 million. In this article we will discuss Yelp's Q4 results.
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NFP In Focus But Watch GoldInvestors and dealers live for market volatility, it creates trading opportunity, and today's North American jobs reports should not disappoint even the neutral observer. The release of last month's... employment reports for the U.S. and Canada came in far below expectations, with the weather being blamed for the bulk of setbacks. Canada actually lost jobs while the U.S. created few, both well off market expectations (74k and -46k, respectively). Today, particularly for the U.S., another sub-par performance and future Federal Reserve taper actions will surely be called into question. Even for the good health of the typical global investor, this market requires a healthy nonfarm payrolls (NFP) report, or one that is close to consensus (+185k and an unemployment rate +6.7%), to keep the...
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Detroit Is Losing Money On Its    The "People Mover" is a unique light rail system in downtown Detroit that hardly anyone uses. Mainly because it can only go in one direction and covers a minuscule 2.9-mile circumference. The... aptly named People Mover does have its uses, though, and, at just $0.75 a ride, it's super cheap. Problem is, the People Mover is quite the money-losing venture. Every ride taken on the People Mover costs the Detroit Transportation Corporation a little less than $4. Regardless, most Detroiters like the People Mover and don't want to get rid of it. Watch to learn more about this strange love/hate relationship between the city of Detroit and the People Mover. Produced by William Wei NOW WATCH: The Truth Behind Those $1 Detroit Homes Follow BI Video: On Facebook Join the conversation about this...
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Jobless rate fell to 6.6 per cent, from 6.7 per cent in January
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A Meat Tax? Seriously?

Forbes - 7 Feb 2014 15:40
We should think twice before trying to engineer the personal behavior of millions of Americans. Sin taxes have a role to play. But it's not a big one.
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Job interviews are getting weirder

Market Watch - 7 Feb 2014 15:39
Candidates are being asked to carry out increasingly odd tasks.
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This is a significant development for Intuitive Surgical because its da Vinci system received a lot of negative publicity last year from research reports which questioned its benefits and cost... effectiveness, especially in hysterectomy procedures. As a result of the negative sentiment, da Vinci unit sales declined by more than 11% year-over-year to 546 systems in 2013.
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Production of the iconic 800 model that had been carrier for millions of Indian families stopped
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OTTAWA - The Canadian economy gained 29,400 jobs in January after a surprising downturn in December -- a turnaround that will likely put some spring in Finance Minister Jim Flaherty's step as he... prepares to deliver the budget next week. The unemployment rate also slid 0.2 percentage points from December to 7.0 per cent for the first month of the year as the number of full-time jobs increased, Statistics Canada reported Friday. While the job numbers exceeded economists' expectations of 20,000 more jobs in the month, some cautioned against reading too much into the volatile numbers, saying the employment trend is still sluggish. "While no ball of fire, today's solid comeback represents a nice recovery from the ugliness in last month's Canadian employment report," BMO Capital Markets chief...
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Quebec-based Heroux-Devtek posts $2.6 million profit

Montreal Gazette - 7 Feb 2014 15:36
LONGUEUIL — Aerospace manufacturer Heroux-Devtek Inc. reports it had $2.6 million of net income in its fiscal third quarter. That amounted to eight cents per share of net income or 12 cents per... share after adjustments. The Quebec-based maker of aircraft landing gear had $61.45 million of revenue from continuing operations, down slightly from $61.7 million in the third quarter of fiscal 2013.
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Amazon tests Brazil's retail jungle with its Kindle

The West Australian - 7 Feb 2014 15:36
Amazon tests Brazil's retailBy Esteban Israel and Marcela Ayres SAO PAULO
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Total nonfarm payroll employment grew by 113,000 jobs in January while the unemployment rate remained virtually unchanged at 6.6 percent, the Bureau of Labor Statistics reported Friday.
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WASHINGTON - Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year. Employers added... 113,000 jobs, the government said Friday, far fewer than the average monthly gain of 194,000 last year. Job gains have averaged just 154,000 the past three months, down from 201,000 in the preceding three. The sluggish job growth may reflect what investors and economists have begun to fear: That the U.S. job market is weakening again, along with sectors like manufacturing and retail sales in the United States and abroad. The weakness might also raise doubts about the Federal Reserve's plans to steadily reduce its economic stimulus this year. Still, more people began looking for work in January, a...
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Hiring was surprisingly weak in January for a second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year.
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WASHINGTON (AP) -- US employers add 113,000 jobs, a modest gain; jobless rate falls to 5-year low of 6.6 pct.     
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Economy creates 29,400 positions as jobless rate dips to 7 per cent from 7.2 per cent
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EIL share sale fullyBids were received for over 3.97 crore shares, or 1.18 times the 3.36 crore shares on offer, as of 1700 hrs today. The portion reserved for qualified institutional investors was oversubscribed 2.6... times.
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January Jobs Report: U.S.The U.S. economy added 113,000 jobs in January, as the unemployment rate dipped to 6.6 percent, the Bureau of Labor Statistics reported Friday. Here's more from the Associated Press: WASHINGTON (AP)... -- Hiring was surprisingly weak in January for the second straight month, likely renewing concern that the U.S. economy might be slowing after a strong finish last year. The Labor Department says employers added 113,000 jobs, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000. Job gains have averaged only 154,000 the past three months, down from 201,000 in the preceding three months. Still, more people began looking for work in January, a sign that they were optimistic about finding work. Some of these people found jobs, thereby reducing...
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Wage Growth Climbs In Line With Expectations

Business Insider - 7 Feb 2014 15:31
Wage Growth Climbs In LineThe U.S. Bureau of Labor Statistics just released the January jobs report, and it was a big miss. 113,000 workers were added to nonfarm payrolls in January, below the 180,000 estimate. Average... hourly earnings came in at 0.2% month over month, in line with expectations. Year over year, average hourly earnings climbed to 1.9%, above economist expectations of 1.8%. "While everyone else focuses on the non-farm payroll increase and the unemployment rate, I am interested in wage growth and the employment rate," said Kit Juckes, a global strategist at Société Générale, ahead of the report. "Wage growth, depending on which of the BLS series on average earnings I use (they produced a new one in 2006), is meandering sideways in a 1.5-2.3% range," he said. Last month, Capital Economics'...
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Comfortable Music Makes You Dream of Comfort

Harvard Business Review - 7 Feb 2014 15:30
The sound of jazz made people more interested in hotel rooms than campsites.
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BIG MISS ON JOBS REPORT

Business Insider - 7 Feb 2014 15:30
BIG MISS ON JOBS REPORTThe January jobs report is out. 113,000 workers were hired to nonfarm payrolls in January, below the consensus Wall Street estimate of 180,000. The unemployment rate unexpectedly fell to 6.6% from... December's 6.7% reading, and the labor force participation rate rose to 63.0% from 62.8%. In the wake of the release, S&P 500 futures have plummeted into the red and Treasuries are surging, sending yields lower. The dollar is also down sharply against the euro and the yen. Private-sector firms hired 142,000 workers, implying a 29,000 reduction in government employee headcount. December nonfarm payroll growth was revised up to 75,000 from 74,000. Average hourly earnings growth was 0.2% from the previous month in January, as expected, but December's previously-reported 0.2% advance was revised down...
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Govt cuts growth forecast for 2013-14 to below 5%

Times of India - 7 Feb 2014 15:29
India's economic growth rate in the current financial year has been estimated at 4.9 per cent, a faster pace than in the previous year, mainly on an improved performance in the agriculture and allied... sectors.     
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Some flyers nag flight attendants with their every whim.
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UK could see criminal probe in FX row - industry body

The West Australian - 7 Feb 2014 15:29
By Patrick Graham LONDON
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CIA And FBI Agents Are NotAssociated Press photographer Jae C. Hong captured a photo of this sign outside a restaurant in the mountains near Sochi, Russia. The sign makes clear that FBI and CIA agents aren't welcome, although... the AP notes that "it isn't clear what the restaurant's policy is toward the NSA." One can imagine that any agent of the U.S. intelligence apparatus is not very welcome in or around Russia, generally speaking. The restaurant is in Krasnaya Polyana, Russia, where the Olympic skiing and snowboarding competitions are taking place. Join the conversation about this story »     
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Yahoo!, CBS Sports, and ESPNAs the fantasy sports industry has grown, some industry analysts expected to see consolidation in the largest players' contest offerings.
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Shares rally on US job hopes

IOL - 7 Feb 2014 15:26
World stocks gained ground to further recover from a steep two-week selloff, buoyed by expectations that a January US jobs report will soothe recent concerns over the pace of global growth.
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The Ridiculous OlympicCanadian snowboarder Mark McMorris called the judging in the Olympic slopestyle event "ridiculous" after getting a surprisingly low score in Thursday's qualifiers.  McMorris is the favorite to win... gold. He had a clean run and landed the sport's biggest trick (the triple cork), which should have been enough to get him in the top-four. Instead he came in seventh, to the shock of everyone. "It’s pretty ridiculous, but it’s a judged sport, what can you do?" he said afterward. "It sucks. To land a really good run that you’re really proud of with one of the only legitimate triple corks of the day and not even come close, I was bummed." The controversy shed new light on the slopestyle judging system, which is startlingly subjective.  Yahoo's Jeff Passan did a story on how the sport is...
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It looks like Mexico has a good 2014 coming up. Financial analysis firm Moody's elevated the country's rating from Baa1 to A3, making Mexico the second country in Latin America to attain A status,... after Chile. The ratings agency based its decision mostly in the structural reforms approved last year by President Enrique Peña Nieto's administration.
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While Thailand's overall economy is suffering terribly from the country's ongoing political turmoil, the country's data center service providers have miraculously been experiencing unexpected growth... in business, researchers from Frost & Sullivan said. The Thai data center industry grew 21 percent in 2013, compared to the previous year, with total revenue in excess of 1,700 million baht ($51.84 million). Frost & Sullivan expects the industry to continue to enjoy strong growth of more than 15 percent in 2014.
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While stocks ended Thursday's session on an upbeat note with all three major U.S. indexes gaining more than a percentage point, jobs data could sour the mood if it does not live up to expectations.... Futures on the Dow Jones Industrial Average were up 0.2 percent and futures on the S&P 500 were up 0.3 percent while those on the Nasdaq were up 0.51 percent. On Thursday, the Dow gained nearly 200 points, or 1.22 percent, while the S&P 500 climbed 1.24 percent and the Nasdaq gained 1.14 percent.
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Preet Bharara, the Indian-American district attorney who has carved a name for himself by going after white-collar criminals and offending foreign diplomats with equal gusto, has chalked up yet... another victory with the conviction of Mathew Martoma, a hedge-fund manager, said to have been involved in the largest insider-trading scheme in U.S. history.
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WASHINGTON (AP) -- One of the most highly anticipated U.S. jobs reports in months might also prove to be among the most puzzling.
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Enbridge Venting Leads To Gas Leak Reports Across Ottawa

The Huffington Post - CA - 7 Feb 2014 15:19
Enbridge Venting Leads To GasEnbridge Gas Distribution has apologized after controlled venting of natural gas lines resulted in multiple reports of gas leaks across Ottawa, as well as some building evacuations. The gas... distributor said Thursday it was conducting controlled venting of some gas lines for one to two hours beginning at 10:30 a.m. The company warned that residents in the following areas might notice the smell of rotten eggs or hear a loud sound: Greenbank Road at West Hunt Club Road. Eagleson Road at Hope Side Road. Flewellyn Road at Shea Road. Flewellyn Road at Huntley Road. Enbridge's Richmond gate station at 6783 Fallowfield Rd. However, people working in downtown Ottawa could also smell the gas at about 2:30 p.m. Algonquin College also briefly evacuated its buildings after strong gas smells were...
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Many UK residents have invested in overseas property in recent years, but many have neglected to consider the effect this could have on their Will and inheritance tax planning, it is claimed. The... number of Britons expected to purchase a holiday or retirement home abroad in the next five years is likely to increase, yet the majority do not understand the implications this will have, according to law firm Adams & Remers LLP. ‘The interaction between UK and foreign succession and inheritance tax law is a complex area and if you are lucky enough to purchase your dream holiday home, or are escaping to the sun for retirement, it is crucial to seek advice on how to manage your overseas assets,’ said Simon Mitchell, solicitor at Adams & Remers. ‘It is advisable to have a second Will drawn up...
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BERLIN (AP) -- German Chancellor Angela Merkel has strongly criticized a comment that a senior U.S. diplomat made about the European Union's role in Ukraine.
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Target's Data Breach BeganWelcome to our new Payments Insider newsletter, a morning email with the top news and analysis on the digital payments industry, produced by BI Intelligence. 
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Barclays Puts £140,000Barclays investment bankers will have their cash bonuses capped for the third year in a row, Sky News learns.
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Here Is Twitter's Prediction For Today's Jobs Report

Business Insider - 7 Feb 2014 15:15
Here Is Twitter's PredictionTwitter is bearish on today's jobs report. The median estimate for today's nonfarm payrolls number is 168,000, below the Wall Street consensus estimate of 180,000. The mean estimate is 163,000, and... the standard deviation is 67,421. These numbers were calculated from 179 tweets using the hashtag #NFPGuesses through 8:12 AM ET this morning. The jobs report is out at 8:30. Follow the release LIVE on Business Insider »   Join the conversation about this story »     
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Can We All Just Agree ThatNo. No, we can't, for some reason. While the one-cent, once-copper coin doesn't have the purchasing power it used to, Americans still have a hard time letting it go. A HuffPost/YouGov poll conducted... in January found that only 34 percent of Americans are in favor of eliminating the penny, while 51 percent oppose it. The poll didn't ask about rounding up all the pennies and melting them down into a giant statue of Abraham Lincoln's face, but chances are that wouldn't be a popular option. (It wouldn't be very practical, either, since the U.S. has minted nearly 92 billion pennies since 2000, with about 7 billion new ones created in 2013 alone.) Jarden Corporation would likely be among those interested in keeping the penny around. The multibillion-dollar consumer products company, based outside...
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Germany's Constitutional Court will refer a complaint against the European Central Bank's flagship bond-buying plan to the European Court, removing the prospect of it curbing the programme.
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Rich People Say The Darndest Things

The Huffington Post - 7 Feb 2014 15:11
Rich People Say The DarndestIt's hard not to feel sorry for the rich. After all, it can't be easy to swim in a pool of money, or to keep a yacht clean, or to stroll down red carpets all day, can it? So please, let's give them... all a break when they occasionally say outrageous things. Things like these: AIG CEO: Anger over big bonuses "just as bad" as racist lynch mobs. The CEO of the massive insurance company, Robert Benmosche, made that ill-advised comparison during a 2013 interview with the Wall Street Journal: "The uproar over bonuses 'was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that -- sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.'" Benmosche later described the metaphor as a...
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That Was Fast

TPM - 7 Feb 2014 15:11
So the House GOP's new big historic push for immigration reform lasted about two weeks.
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Auto Expo's Facebook page has more than 43,000 fans
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Gallery Automotive Group LLC has announced that it has begun construction on BMW and MINI dealerships in Rockland just off of Route 3, Exit 14. The new 58,000-square-foot dealerships will replace BMW... Gallery of Norwell, which occupies 23,000 square feet. Expected to open in the fall, the Rockland facility is designed to accommodate more than 200 vehicles and a service area with more than 30 bays. Tthe new location has "much more visibility from the main exit of the highway," the company added. "Our new location will offer our current BMW clientele and anyone who is passionate about driving a state-of-the-art home on the South Shore and will offer current and future MINI enthusiasts in Southeastern Massachusetts a well-deserved home," Gallery Automotive Group director of operations Kevin...
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SOCIAL INSIDER: LinkedInSocial Insider is delivered first thing every morning exclusively to BI Intelligence subscribers.  LINKEDIN EARNINGS: LinkedIn posted strong revenues for the fourth quarter of 2013, but user... engagement weakened. LinkedIn revenues totaled $447 million in the quarter, an increase of 14% over the previous quarter. More than half of total revenues were generated by LinkedIn's core product — Talent Solutions, which are a suite of products for recruiters. Marketing Solutions, which is what LinkedIn calls its suite of ad products, increased revenue 29% over the previous quarter and accounted for 25% of LinkedIn's total quarterly revenues.  However, the number of pages viewed by LinkedIn visitors declined by the largest margin ever reported by the company for a quarter. Furthermore, monthly...
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US job growth seen snapping back

IOL - 7 Feb 2014 15:07
US employment likely rebounded in January after being held back by cold weather the prior month.
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The tepid Hong Kong market had its best day in a month, led by financial and energy plays.
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Behind The Scenes With An Angry Walmart Manager

The Huffington Post - 7 Feb 2014 15:05
Behind The Scenes With AnWe receive quite a few stories from Wal-Mart employees about what life is like inside America's largest employer. But this one comes from a remarkable point of view: a longtime Walmart store manager,... who vents in detail about how Walmart has systematically screwed employees over two decades.
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Knowing Your Net Worth CanYour boss doesn't know your value, right? But do you even know it? Most people have never taken the time to figure their net worth even though it's a fairly simple calculation. Why not take stock now?... The New Year is still full of promise. Your net worth is what you'd have left after selling everything, paying the bills and settling all debts. Think of it as your liquidation value. The number is of keen interest to heirs trying to understand what will be theirs. But it's useful for you as well. Calculated annually, your net worth provides the clearest picture of whether you are getting ahead. It helps gauge when you might retire and gives a roadmap to where you are losing or gaining value. That makes it easier to adjust and meet your goals. Say, for example, your goal is to retire with $1...
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US Magazine Circulation Slips In Last Half Of 2013

The Huffington Post - 7 Feb 2014 15:04
US Magazine Circulation SlipsARLINGTON HEIGHTS, Ill. (AP) -- Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million. The Alliance... for Audited Media says paid subscriptions were down 1.2 percent, while newsstand sales fell about 11 percent. Digital editions rose about 37 percent to 10.8 million, representing only 3.5 percent of total circulation. That's up from 2.4 percent of the total in the same period a year ago. The top three publications by circulation were AARP The Magazine and AARP Bulletin, which both had more than 22 million copies, followed by Game Informer Magazine, with 7.6 million.
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Heavyweight steelmaker ArcelorMittal helped European shares edge to a second day of gains.
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India cuts growth forecast toBy Manoj Kumar NEW DELHI
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Company posts lower profit, flat sales in the third quarter
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IOC Financial Reserves Pegged At $932 Million

The Huffington Post - CA - 7 Feb 2014 15:00
IOC Financial Reserves PeggedSOCHI, Russia - The International Olympic Committee has $932 million in financial reserves after adding $31.5 million in 2013. IOC President Thomas Bach confirmed the figure at a news conference... following the body's three-day annual meeting. The IOC aims to keep enough in reserve to operate for four years in the event an Olympics is cancelled. The Olympic body says more than half its reserves are invested in bonds, with "liquidity strongly reduced after investing $190 million in bonds and equities." The IOC has less than FIFA, which reported a $1.378 billion reserve fund last March.
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Scaling Up is a Problem of Both More and Less

Harvard Business Review - 7 Feb 2014 15:00
Even large organizations can only handle so much.
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Advertisers make $900M bet on Olympic Winter Games

Chicago Tribune - 7 Feb 2014 15:00
Advertisers make $900M bet onDespite threats of terrorism and other problems at the Games, no major advertiser has canceled its order for commercial time during NBCUniversal's 1,539 hours of coverage.The lighting of the Olympic... flame in Russia will launch a nearly $900-million bet by U.S. advertisers that this year's Winter Games will become a feel-good event for television audiences.
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BHP sacks 230 miners as coal falls

The Australian - 7 Feb 2014 15:00
BHP sacks 230 miners as coalSLUMPING world coal prices have led to BHP Billiton having to put off another 230 workers at its Saraji coalmine.
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Woodside lifts Leviathan price

The Australian - 7 Feb 2014 15:00
Woodside lifts Leviathan priceWOODSIDE Petroleum wants to secure its long-awaited entry into Israel's giant Leviathan gas field.
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The one thing I’ve learned from running my own company and working with hundreds of others is that true success is a result of consistently doing the not-so-sexy work required. It’s the gritty,... day in and day out, nose to the grindstone stuff. I am talking… staying up late, waking up early, hiring the right people, firing the wrong ones, answering emails while on vacation, going the extra mile to help a client meet a deadline. It takes time and effort to build something you can be proud of, but when it comes to marketing, we seem to forget all of this.
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CorVal, Charter Hall stoke sector

The Australian - 7 Feb 2014 15:00
CorVal, Charter Hall stokeINDUSTRIAL property is running thanks to deals involving CorVal and Charter Hall.
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Board reform on iiNet agenda

The Australian - 7 Feb 2014 15:00
Board reform on iiNet agendaIINET's mountain-climbing chief executive, Michael Malone, will soon be back on deck to steer the nation's No 3 broadband provider.
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Rinehart pauses for 60th birthday

The Australian - 7 Feb 2014 15:00
Rinehart pauses for 60thGINA Rinehart's long-time friend Ron Manners marvels at the billionaire's work ethic as she approaches her 60th birthday.
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Advertisers make $900-millionDespite threats of terrorism and other problems at the Games, no major advertiser has canceled its order for commercial time during NBCUniversal's 1,539 hours of coverage.The lighting of the Olympic... flame in Russia will launch a nearly $900-million bet by U.S. advertisers that this year's Winter Games will become a feel-good event for television audiences.     
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Shopping for malls

The Australian - 7 Feb 2014 15:00
Shopping for mallsDEMAND for neighbourhood shopping centres is being hamstrung by supply, with only a few assets on the market.
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21st Century Fox cuts profit forecasts

The Australian - 7 Feb 2014 15:00
21st Century Fox cuts profit21ST Century Fox lowered profit guidance for its fiscal year ending in June  as earnings fell in the December quarter.
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News Corp profit surprises market

The Australian - 7 Feb 2014 15:00
News Corp profit surprisesINVESTORS cheered News Corp's maiden interim result as the media company beat market forecasts with a 9 per cent jump in earnings.
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In China, Apple will engrave'Taiwan independence,' '1989 Tiananmen protest,' 'Falun Gong' and 'Dalai Lama' don't make the cut, but 'American independence' does.BEIJING — Want to engrave a few words in Chinese on your new iPad?... No problem — Apple offers consumers in mainland China free personalization. Just don't get too political.     
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Luxury apartments go for a song

The Australian - 7 Feb 2014 15:00
Luxury apartments go for aTHE exorbitant price of Australian houses is well known but that premium has not carried over to luxury apartments.
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Father presses for inquest

The Australian - 7 Feb 2014 15:00
Father presses for inquestSTEVE Raabe's son Craig was killed along with colleague Debra Till  in March 2007, at a temporary Fortescue Metals Group.
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Young guns still aim for banking

The Australian - 7 Feb 2014 15:00
Young guns still aim forINVESTMENT banking may not have same prestige as before the GFC, but that doesn't deter swarms of ambitious youngsters.
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Change agents help buyers

The Australian - 7 Feb 2014 15:00
Change agents help buyersADVISERS are now playing an integral role in the real estate industry, saving buyers time and thousands of dollars.
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DJs plans sky-high extension

The Australian - 7 Feb 2014 15:00
DJs plans sky-high extensionDEPARTMENT store David Jones could spark a race to develop the airspace on a key block in the heart of Sydney.
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Myer and DJs in limbo

The Australian - 7 Feb 2014 15:00
Myer and DJs in limboMYER and David Jones are like two lonely middle-aged co-workers with a shared interest in ballroom dancing.
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Bidding war looming for Aurora

The Australian - 7 Feb 2014 15:00
Bidding war looming for AuroraA $1.84 BILLION takeover offer for Perth-based, Texas-focused Aurora Oil & Gas could prompt a rival bid for the group.
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Diamond solitaire price up 37% in one year

Business Standard - 7 Feb 2014 14:59
Diamond solitaire price rose sharply by upto 37% in the last one year on robust investment demand as investors sought refuge in precious stones in anticipation of favourable returns following... lackluster performance by other asset classes
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The settlement talks between the beleaguered National Spot Exchange (NSEL) and its second largest defaulter ARK imports ended in a deadlock over "haircut". With a payment obligation of Rs 719.37... crore, ARK stands as the second largest defaulter only ...
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MOBILE INSIDER: LINE As AMobile Insider is delivered first thing every morning exclusively to BI Intelligence subscribers. LINE REVENUE SOARS: Popular Japanese messaging app LINE has become a massive business. For the... full year 2013, LINE brought in $338 million in revenue. The bulk of this revenue came in the fourth quarter, where LINE raked in about $120 million for year-over-year growth of about 450% compared to the fourth quarter of 2012. LINE is now also reporting that they've grown to 340 million registered users after surpassing 300 million in November and after LINE revealed to us that they had reached 330 million users a few weeks ago.  Remember, LINE is a free app and the bulk of its revenue comes from in-app purchases. Game purchases made up about 60% of revenue with sticker sales making up another...
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Spectrum auction enters 33rdThe government had received Rs 30,754 crore of bids for the 1800 MHz band and bids totalling Rs 21,935 crore for the 900 MHz band at the end of the fourth day.
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Hilarious Parody Shows WhatBecause Facebook celebrated its 10th birthday this week, the social network allowed you to watch your very own personalized "look back" video that showcased things like your first profile photo and... your most popular pictures and status updates. For some, the look back is more horrifying than heartwarming. This parody video, created by Stephen Parkhurst, shows what those videos should really look like.  Highlights: remembering when annoying family members joined the site, or that time you got into a political argument with an old classmate! Fun! Check out the hilarious "Facebook: An Honest Look Back" below: Join the conversation about this story »     
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Chile's CFR Pharmaceuticals said it would drop its $1.2 billion bid for South African drugmaker Adcock Ingram.
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US stock index futures rose, following the strongest day of the year so far for equities.
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Mint50: What's out

livemint.com - 7 Feb 2014 14:48
Mint50: What's outThe schemes that are out of Mint50
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AMSTERDAM (AP) -- ArcelorMittal SA, the world's largest steelmaker, says it expects shipments of steel and iron ore to rise in 2014 as recoveries in the US and Europe will matter more than slowing... growth in emerging markets.     
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Mint50: What's in

livemint.com - 7 Feb 2014 14:48
Mint50: What's inFour new funds have been added to the Mint50 list of funds
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Mint50:Do you have the right MF schemes?

livemint.com - 7 Feb 2014 14:47
Mint50:Do you have the rightUse Mint50 to see which mutual fund schemes in your portfolio can stay,go and come in
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Sen. Mark Pryor (D-AR), perhaps the most vulnerable Democratic incumbent in the 2014 election cycle, said Thursday that he's against President Obama's call to raise the federal minimum wage to $10.10... per hour.
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Everonn Education Q3 net loss narrows to Rs 21.6 cr

Business Standard - 7 Feb 2014 14:46
Education services company Everonn Education posted a net loss of Rs 21.6 crore for the quarter ended December 31, 2014 compared to Rs 129.27 crore in same period previous fiscal, on the back of lower... expenses
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Mint50: Methodology

livemint.com - 7 Feb 2014 14:44
Mint50: MethodologyWe use a mix of quantitative and qualitative parameters to shortlist schemes
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Director General, John Longworth comments on the speech made by the Prime Minister today about Scotland remaining within the UK.
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ECB debt plan referred to EUGermany's constitutional court refers the European Central Bank's bond-buying plan to the European Court of Justice.
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Mint50: How to use

livemint.com - 7 Feb 2014 14:43
Mint50: How to useThough there are 50 schemes that we think are investment worthy, we're not telling you to buy all
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Google buys 6% stake in Lenovo

IOL - 7 Feb 2014 14:43
Google bought a 5.94 percent stake in Lenovo for $750 million on the same day it agreed to sell handset maker Motorola to the Chinese technology giant.
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Economists expect dip in unemployment to 7.1 per cent
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Investors Staged A HistoricThis past week was a historic one for fund flows — investors pulled a historic amount out of equity funds while at the same time putting a historic amount into bond funds, and over 95% of the flows... were in and out of ETFs. Citi analysts Markus Rosgen and Yue Hin Pong relay the details in a note to clients: U.S. funds had record-high inflow into bonds and outflow from equities — In the week ended 2/5/2014, there was a $14.8 billion inflow into bond funds and a $28.3 billion outflow from equity funds, representing record highs in both cases. The inflow into bonds was driven by U.S. bond funds which saw $13 billion of inflow. On the flip side, U.S. equity funds were hit by a $24 billion outflow. More than 95% of these flows were attributed to ETFs. $6.4 billion of outflow from EM funds...
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Sanlam warns of personal loan scam

Fin24 - 7 Feb 2014 14:39
Sanlam warns of personal loanScammers are getting increasingly bolder in their methods to dupe consumers.
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The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.
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Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.
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The decision by Germany's Federal Constitutional Court removes the prospect of the court's curbing the European Central Bank's flagship program.     
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LONGUEUIL, Que. - Aerospace manufacturer Heroux-Devtek Inc. (TSX:HRX) reports it had $2.6 million of net income in its fiscal third quarter and slightly lower revenue from its continuing operations.... The Quebec-based maker of landing gear for commercial and military aircraft had $61.45 million of revenue, down from $61.7 million a year earlier from comparable operations. It also said full-year revenues for its 2014 financial year, excluding the impact of a recent acquisition, will be lower than its 2013 financial year but its overall profitability will improve. "Heroux-Devtek generated a higher operating profitability during the third quarter as a result of a more favourable product mix compared with last year," president and CEO Gilles Labbe said Friday. "As witnessed since the beginning...
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Too many miners dying: Nehawu

IOL - 7 Feb 2014 14:32
The high rate of mineworker fatalities in SA is unacceptable, the National Education, Health, and Allied Workers' Union said.
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Vice President Joe Biden doesn't believe he and President Barack Obama are real liabilities to Democrats running in this year's midterm elections.
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Tiger Brands is seeking to raise its stake in the Nigerian Dangote Flour Mills through a takeover bid, a notice by its financial advisor said.
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Eveready Q3 net up 154% at Rs 4.5 cr

Business Standard - 7 Feb 2014 14:28
On the back of better price realisation and tight working capital management, Eveready Industries has posted a 154.49% rise in net profit at Rs 4.53 crore for the quarter ended December, 2013 compared... to a net profit of Rs1.28 crore during the ...
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Billionaire Larry EllisonLarry Ellison's 28-year-old daughter Megan Ellison has become a big-time movie producer. His son, David, is also a producer but it is Megan's star that is currently skyrocketing in Hollywood now.... Megan is the producer of the "American Hustle" and "Her," two current films wracking up awards. Ellison, 69, is the CEO of tech company Oracle, a tech visionary who has been running Oracle since he co-founded it in 1977. He's also known as a wild playboy who's been divorced four times. The event was held to promote company's human resources cloud software. But in the Q&A session, he invited the audience to ask him "anything." One man asked Ellison what he thought about the role of tech in our modern lives. Ellison said he was "disturbed" by how much time kids play video games, and what that could...
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ao.com Plans London Stock Market Float

Sky News - 7 Feb 2014 14:25
ao.com Plans London StockThe online whitegood retailer takes on the ex-boss of Amazon UK as it cranks up its web presence ahead of a stock market flloat.
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ArcelorMittal reduces its losses

IOL - 7 Feb 2014 14:24
ArcelorMittal said that it cut its net loss by a quarter last year as it turned in surprisingly strong operating figures.
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The union representing about 65 laid off iron workers alleges they were replaced by temporary foreign workers
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Insolvencies drop to 8-yearThe growth of the payday loan and debt management industries could mean many people are effectively bankrupt, but do not appear in the official figures.
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10 Things You Need To Know— Today, we get the release of the official jobs report from the U.S. Bureau of Labor Statistics at 8:30 AM ET. The median estimate of 92 market economists polled by Bloomberg is that 180,000... workers were hired to nonfarm payrolls in January. The unemployment rate is expected to remain unchanged at 6.7%. "The unemployment rate could have held steady at 6.7%, though the expiration of emergency unemployment insurance benefits at the beginning of the month poses risks of a lower number," says Guy Berger, an economist at RBS. "1.35 million claimants lost their benefits after December 31st. If a significant fraction of those former claimants was unemployed in December (i.e. without a job but actively looking for work) but subsequently either took a job or stopped looking for work (thereby...
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JK Lakshmi Cement Q3 net profit drops by 66%

Business Standard - 7 Feb 2014 14:16
Expenses rose to Rs 473.89 cr during the quarter due to rise in fuel and freight costs
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Tax rebate phishing e-mailsThe taxman is warning taxpayers not to be caught out by legitimate looking e-mails regarding tax rebates in return for bank account or credit card details.
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Indian bonds post first weeklyThe benchmark 10-year paper closed up 2 basis points at 8.74% on Friday
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Wonkbook: How to read 2014 s first jobs report

Washington Post - 7 Feb 2014 14:14
Welcome to Wonkbook, Wonkblog's morning policy news primer by Evan Soltas. To subscribe by e-mail, click here. Send comments, criticism, or ideas to Wonkbook at Washpost dot com. To
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If you're running low on milk, you'll want to take advantage of Harris Teeter's weekend special. Milk will be just $2.87 per gallon.
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Paddy production in West Bengal hit by floods

Business Standard - 7 Feb 2014 14:13
Paddy production in West Bengal is likely to be lower by 10-15% this year due to crop damage on account of extended rainfall and floods. Consequently, paddy prices are at a record high level this... year, higher than the minimum support price.
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This May Be The Most Despicable Phone Scam Out There

The Huffington Post - 7 Feb 2014 14:11
This May Be The MostI was working at home and answered the phone. "Hi Ann, it's AJ," said the friendly male voice. "Who?" I asked. "Sorry, I didn't catch your name." "AJ." And then he continued with a hint of empathy in... his voice, "Ann, you don't remember me, do you?" "Afraid I don't," I responded, and began explaining how I interview dozens of people a week for work and have hundreds of email conversations every day, which means that people enter and fall off my radar regularly, so please take no offense... But he cut my explanation short. "We spoke last September and you asked me to call you after the first of the year to set up that construction job you wanted me to do for you," said Mr. AJ, aka Affable Jerk. It took my lightbulb but a nanosecond to turn on. "Look, we both know I don't know you, never...
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10 Tech Things You Need To Know This Morning

Business Insider - 7 Feb 2014 14:11
10 Tech Things You Need ToGood morning! Here's what you need to know as you head into the weekend. 1. That story on NBC journalists being "hacked" in Sochi isn't completely true 2. It appears that Apple is planning to build... sapphire-crystal displays for future iPhones 3. LinkedIn announced on Thursday it plans to acquire Bright, a data-driven job search startup, for $120 million. 4. Restaurant reservation platform OpenTable today reported quarterly earnings of $52.3 million and used the day to put out some other news: the company has acquired Ness. 5. Apple Inc. has bought $14 billion of its own shares in the two weeks since reporting financial results that disappointed Wall Street. 6.  A pair of ex-Googlers have launched Beep, a beautiful WiFi-equipped dial that lets you stream music to any speaker with a...
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Importers must not expectEveryone knows that CAD and FII exits are the starting points for triggers in the forex markets. This is also the time when importers start to panic.
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The first of several "extraordinary measures" to avoid the debt limit has gone into effect
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Bitcoin price drops after Mt. Gox exchange halts withdrawals
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The conservative editorial page of the Wall Street Journal isn't impressed with John Boehner's excuses on immigration reform.
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It's Friday, which means it's freebie time over on the Kroger website.
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Sun TV Q3 profit slumps 2.15%

Business Standard - 7 Feb 2014 14:03
The company's net profit was 185.79 cr
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WASHINGTON (AP) -- One of the most highly anticipated U.S. jobs reports in months might also prove to be among the most puzzling.     
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U.S. job growth seen snapping back from winter chill

The West Australian - 7 Feb 2014 14:01
By Lucia Mutikani WASHINGTON
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In his initial testimony, Peter Anastos said that his company would make sure that its new hires worked fewer than 30 hours a week so that they would not qualify for health insurance.     
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Proxy for number of traders drops to lowest since 2006
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Canada gets hard lesson inWASHINGTON DC, - Canada gets a painful lesson in American politics today as one of its major economic priorities is forgotten on the messy floor of the legislative sausage-factory that is the U.S.... Congress.
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Miners' deaths unacceptable:The high rate of mineworker fatalities in the country is unacceptable, the National Education, Health, and Allied Workers' Union (Nehawu) said on Friday.
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AO founder in line forThe share offering is expected to value the business at around £1bn, 14 years after it was started by the former kitchen appliances sales executive, who owns 40%.
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How Not To Blow Your Website Refresh

Forbes - 7 Feb 2014 13:56
Every so often, houses need to be renovated or gutted; the same goes for Websites. But without the right approach and planning, a Website overhaul is a waste of time, effort and money.
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Obama Signing Farm Bill That Cuts Food Stamps

The Huffington Post - 7 Feb 2014 13:55
Obama Signing Farm Bill ThatBy NEDRA PICKLER, THE ASSOCIATED PRESS WASHINGTON (AP) -- President Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a... major piece of bipartisan legislation. Obama planned to sign a far-reaching farm bill Friday at Michigan State University, a rare celebration of Washington political compromise being held in heartland America. The bill expands federal crop insurance and ends direct government payments to farmers, but the bulk of its cost is for the food stamp program that aids 1 in 7 Americans. The bill cuts food stamps by $800 million a year, or around 1 percent, one-fifth of the cut approved last fall by the Republican-led House. Conservatives remain unhappy with the bill and its subsidies for groups ranging...
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BERLIN (AP) -- Germany's top court cast doubt Friday on the legality of a key part of the European Central Bank's rescue plan for the 18-nation eurozone, taking the rare step of asking an EU court for... its opinion.     
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IOC reserve fund increases to $932 million

Miami Herald - 7 Feb 2014 13:52
IOC reserve fund increases toThe International Olympic Committee has $932 million in financial reserves after adding $31.5 million in 2013.
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VIDEO: Lonmin boss 'wanted toThe chief executive of Lonmin has been talking about why he took the job following the Marikana tragedy - and miners' ongoing strike action.
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Good jobs news fuels JSE

Fin24 - 7 Feb 2014 13:50
Good jobs news fuels JSEPositive sentiment on the world markets, fuelled by good economic news on job creation in the United States, has lifted the JSE.
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Crude oil imports fall, helping narrow U.S. trade deficit.
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Ayotte visiting NH company to learn about tax

Miami Herald - 7 Feb 2014 13:43
New Hampshire Sen. Kelly Ayotte is visiting a Merrimack company that builds automation systems for medical devices to learn more about concerns over a new tax.
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Yogurt spat throws offU.S. Olympians will have to make do without the team's official yogurt — depriving them of a source of protein and potentially disturbing their daily routines as they prepare for the biggest... competition of their lives.
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SOCHI, Russia (AP) -- The International Olympic Committee has $932 million in financial reserves after adding $31.5 million in 2013.     
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Yogurt spat throws off routines of US Olympians

News Observer - 7 Feb 2014 13:39
U.S. Olympians will have to make do without the team's official yogurt -- depriving them of a source of protein and potentially disturbing their daily routines as they prepare for…
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Britain's official trade deficit falls

Sky News - 7 Feb 2014 13:37
Britain's trade deficit for goods fell in December to the lowest level for more than a year.     
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MERRIMACK, N.H. (AP) -- New Hampshire Sen. Kelly Ayotte is visiting a Merrimack company that builds automation systems for medical devices to learn more about concerns over a new tax.     
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Man-Eating Tiger Still AtA man-eating tiger on the prowl in northern India has claimed its ninth victim, defying hunters and wildlife officials who have been trying to gun down the animal, an official said Friday. Since... December 29, the same big cat is believed to have been on a killing spree in a densely forested area near Jim Corbett National Park in the northern state of Uttar Pradesh. Salil Shukla, an official in the district of Bijnor, told AFP that the partly eaten body of a young farmer had been found on Friday. "The victim was missing since Thursday and had gone into the jungle to locate his cattle," he said. "This is the ninth victim of the man-eater." While tiger-hunting has long been illegal in India, the Uttar Pradesh state government has licensed six hunters to either capture or kill the tigress who...
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Comedian Jay Leno hosted his final episode of "The Tonight Show" Thursday after a 22-year run, but at least President Barack Obama had a consolation prize to offer him.
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Liberty Videocon General Insurance to hire 200 people

Business Standard - 7 Feb 2014 13:34
Company looking to hire 200 employees by the end of this fiscal year to undertake expansion
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OVL offered 10 offshore block from Rosneft

Business Standard - 7 Feb 2014 13:33
The company to study data provided by Rosneft before deciding on its participation in the blocks
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Leo Vercollone doesn't like smoking, but his customers do, so that's why he keeps selling cigarettes at his gas station convenience stores.     
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A Maine paper mill has announced that is temporarily laying off more than 200 workers from its East Millinocket facility.
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Joe Biden's position on pot legalization has not evolved.
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TUNIS, Tunisia (AP) -- As recently as December, the outlook for Tunisia remained grim. International lenders were withholding money. Parliament remained deadlocked. Investigations continued into the... assassination of two politicians.     
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ArcelorMittal 'optimistic'ArcelorMittal, the world's biggest steelmaker, says it expects sales to be higher this year, driven by a pick-up in demand in the US and Europe.
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Corporates owe taxes over Rs 2 lakh crore: Govt

Times of India - 7 Feb 2014 13:26
Corporates owe taxes over Rs 2Corporate houses owe a staggering Rs 2,46,416 crore in taxes and the Income Tax department has devised a strategy to recover them.     
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Sensex closes 66 points up at one-week high

Times of India - 7 Feb 2014 13:23
The sensex on Friday rose for the fourth straight day and ended 66 points up at one-week high levels led by gains in Tata Steel, Sun Pharma and Sesa Sterlite, amid volatility ahead of advance growth... estimates for 2013-14.     
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Nigeria the future, SA theNigeria is set to overtake SA as Africa's economic powerhouse this year and represents the continent's future, while SA is the past, says a US economist.
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Apple Buys Back $14 Billion Of(Reuters) - Apple Inc has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said. Apple bought $12 billion of shares via... an accelerated share repurchase program (ASR) and $2 billion of shares from the open market, the spokesman said. An ASR usually involves a company buying its shares from an investment bank. The news was first reported by the Wall Street Journal, which interviewed Apple Chief Executive Tim Cook. Cook told the paper that Apple was surprised by the 8 percent decline in its shares on January 28, the day after it reported quarterly results. Apple shares fell after the company reported lower-than-expected holiday-period iPhone sales and issued a weak revenue forecast. With the latest round of...
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HARRISBURG, Pa. (AP) -- Utility crews aren't getting much relief from the weather as they work to restore electricity to hundreds of thousands of people in Pennsylvania and Maryland, two days after an... ice storm downed power lines and trees.     
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NSEL aftermath: investors inThe Indian Commodity Exchange is set to fold due to plummeting trading volume
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South Africa's net gold and foreign exchange reserves fell in January to $44.918 billion from $45.479 billion in December, Reserve Bank data showed.
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Photos: Seattle Seahawks'Seattle Seahawks' Shaun Alexander Selling Property     
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Barclays prepares to hikeThe scandal-hit lender's overall bonus pool for 2013 could rise by 10 per cent from £2.17billion to as much as £2.4billion, according to some reports.
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Gold rises on sustained buying, global cues

Times of India - 7 Feb 2014 13:06
Gold prices rose Rs 30 to Rs 30,540 per ten grams in the national capital on Friday on sustained buying by stockists amid a firming global trend.     
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Trade Deficit In DecemberFewer orders for foreign-made aircraft help reduce the balance of trade in December, to a 17-month low.
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Powers to include withdrawing bank licences and assessing acquisitions
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Keeping track of India

CNN - 7 Feb 2014 13:04
In India, the government is employing the use of biometrics to help identify each person individually.
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Worst over for thermal powerAccording to Vinayak Chatterjee, thermal power has seen maximum number of policy reforms in the last 18 months and so, the worst seems to be behind for it.
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Aquarius Platinum reported a lower half-year loss as a rise in output from its Kroondal mine in South Africa lessened the impact of a drop in prices of platinum group metals (PGMs).
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Now that a good bit of air has come out of Twitter's stock-price bubble, the bears will be in charge of these shares for the near-term, writes John Shinal.
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A severe drought is threatening cattle and milk production and food crops in the West.
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Among the companies whose shares are expected to see active trade in Friday's session are LinkedIn, Expedia, and Activision.
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Obamacare does discourage some people from working by imposing high implicit marginal tax rates, but that's actually a good thing because some people should work less, writes Rex Nutting.
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Among the companies whose shares are expected to see active trade in Friday's session are LinkedIn, Expedia, and Activision.
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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
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House Republican leaders are sending their immigration-weary base a message: We hear you, loud and clear. After one week of fierce conservative attacks on their pro-reform blueprint, Speaker John... Boehner (R-OH) and Majority Leader Eric Cantor (R-VA) signaled on Thursday that the effort was going nowhere fast in the House and preemptively blamed its demise on President Barack Obama. Their message: Reform is in peril because we can't trust him to enforce the law.
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Republicans have struggled to try and avoid campaign-crippling remarks that could snatch away an otherwise easy win in 2014 -- but that may be impossible in the Georgia Senate race. With eight... candidates vying for the nomination, you'd think Republicans would have their pick for the next Georgia senator. Instead the field is filled with a mess of candidates who drudge up the worst stereotypes of an anti-science, anti-woman, anti-Obama, anti-immigrant Mr. Moneybags candidate -- a reputation the party has desperately been trying to shed.
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There's little doubt that "Her" is one of the best films of 2013, even the notoriously derided Academy has put it up for a Best Picture Oscar this year. The Spike Jonze film serves in part as... commentary against an increasing dependence on technology and an ever-growing need for electronic devices to act as human as possible while distancing their users from other actual people. Within this examination, "Her" is also partially a love story about a lonely man who, still reeling from the demise of his marriage, connects with someone highly unlikely.
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Researchers gear up for battleAn insect that’s no bigger than the head of a pin _ the Asian citrus psyllid _ is responsible for spreading a disease called citrus greening that is wreaking havoc on citrus growers in Florida. And... growers in other states, particularly California, are on guard as the disease shows signs of coming to their areas.
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The New Jersey lawmaker leading the investigation into Gov. Chris Christie's (R) administration told TPM on Thursday he has no plans to turn his attention to explosive allegations raised recently by... the mayor of Hoboken. Assemblyman John Wisniewski (D) said in an interview with TPM that his committee's investigation into Christie's office will remain focused, at least for now, on what it has been all along: the September lane closures on the George Washington Bridge. The committee plans to "finish its work" on the bridge before moving on to anything else, he said. "As I can see it now, there's no direct connection to the work we're doing that stems out of the GWB incident and that Hoboken incident," Wisniewski said. "It is very unlikely that the committee will make any kind of pivot to...
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This Is What An In-Air GasmanThe U.S. Department of Defense just shared an out-of-this-world photo on Twitter. This is what refueling tanker operators see when they go to the pump and take part in refueling missions. The plane... refueling is an F-35 Lightning, developed by Lockheed Martin. The F-35 is a multirole fighter, combining advanced stealth ability with the speed and agility of a fighter. Aerial refueling allows pilots to stay in the air longer before landing. It also has the added benefit of allowing a plane to take off with a heavier than usual payload since it's tanks can always be topped off in-air. SEE ALSO: This Is How The Air Force Doubles The Combat Range Of Its Fighter Jets Join the conversation about this story »     
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CEO surprised by the 8-per-cent decline in its shares on Jan. 28
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Super-rich heading for LondonPolitical and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market.
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German airline Lufthansa names Spohr new CEO

Miami Herald - 7 Feb 2014 12:52
German airline Lufthansa AG has named Carsten Spohr to be its next chief executive.
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Net 1 UEPS Technologies jumps nearly 18 percent after its second-quarter earnings more than doubled.
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CT jazz festival deal createsAn agreement to source all clothing and memorabilia at the Cape Town International Jazz Festival from SA manufacturers will boost union Sactwu's jobs campaign.
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South Africa's rand was steady against the US dollar after gaining more than 1 percent the previous day.
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Business of being Shaun White

CNN - 7 Feb 2014 12:47
Shaun White is once again going for the gold, and this time he's doing it as a savvy business man, as Christine Romans reports.
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But German court says OMT may well exceed ECB's mandate; ECB says OMT 'falls within its mandate'
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Olympic Luger Crashes At 55Indian luger Shiva Keshavan pulled off one of the more unreal recoveries you'll ever see on a luge track during Olympic training on Friday. On one of the final turns Keshavan slipped off his sled,... falling onto his stomach and gliding down the track in an ugly scene. But somehow he managed to get a hold of his sled, flip himself onto it, and continue with his run as if nothing happened. He was traveling at about 57 miles per hour when this happened, according to the broadcast. Incredible. He's on his stomach and then magically flips onto the sled without breaking stride: SEE ALSO: The Gold Medal Favorites In Every Single Olympic Event Join the conversation about this story »     
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Syntel appoints Nitin Rakesh as CEO and President

Business Standard - 7 Feb 2014 12:44
Nasdaq-listed software firm Syntel has appointed Nitin Rakesh as the chief executive officer with effect from April 21, 2014. He replaces Prashant Ranade who is moving to a higher role as Executive... Vice Chairman of the Board of Directors of of ...
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Germany's Constitutional Court will refer a complaint against the European Central Bank's flagship bond-buying plan to the European Court of Justice, removing the prospect of it curbing the program....     
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Sun TV: net profit drops 3% (YoY)

Business Standard - 7 Feb 2014 12:43
Company's total income rises by 5.39% at Rs 523.19 crore
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Apple Buys Back $14 Billion of Its Shares in Two Weeks

The New York Times - 7 Feb 2014 12:40
The company bought $12 billion of stock through an accelerated share repurchase program and $2 billion from the open market, a spokesman said.     
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Gold rises on sustained buying, global cues

livemint.com - 7 Feb 2014 12:40
Gold rises on sustainedGold of 99.9 and 99.5% purity advanced by Rs30 each to Rs30,540 and Rs30,340 per ten grams, respectively
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Government must help firms boost exports further, says BCC

British Chamber of Commerce - 7 Feb 2014 12:39
Chief Economist, David Kern comments on the trade and production figures for December 2013
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The prime property market in London has seen a strong start to the year with 48% of properties sold doing so at asking price or higher and 34% selling within two weeks of being put on the market,... research shows. The figures from estate agent March & Parson, also show that the ratio of supply and demand in January reached a four year high and strong demand is pushing up prices. The average price of two bedroom properties in outer prime London increased by 17% in 2013, an increase of almost £100,000. ‘Now is the time to get a jackpot price on property thanks to a surge of potential buyers entering the market in the New Year. These extraordinary conditions have created a strong seller’s market and one of the best opportunities to sell property in recent years,’ said Peter Rollings,...
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South Africa's Harmony Gold stopped all its operations for a 24-hour safety shift after at least eight workers were killed.
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Formula One's main protagonists are used to living under the glare of the paparazzi's flash bulbs but they have turned the tables to raise money for charity.
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The Farm Bill: A Trillion In The Trough

Business Insider - 7 Feb 2014 12:35
The Farm Bill: A Trillion InCongress passes a bill that gives bipartisanship a bad name WHILE Congress was gridlocked it was easy to forget how ugly the smooth functioning of government can be. After a delay of two years, a... reminder came on February 4th when the Senate passed the farm bill, a strange piece of legislation which costs nearly a trillion dollars. It mixes benefits that mostly go to the poor (food stamps) with agricultural subsidies that mostly go to the rich (crop subsidies for large farms). Given a blank slate, nobody with an interest in either alleviating poverty or improving farming would construct such a law. Yet here it is again. The alignment of rural and urban interests, which dates from when the two bits of legislation were yoked together in the 1970s, had temporarily broken down, largely thanks...
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Tata Steel shares gain over 6%Upbeat quarterly results from rival ArcelorMittal triggered hopes of better-than-expected earnings from Tata Steel
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Asian shares up after Wall St gains

Sky News - 7 Feb 2014 12:34
Asian markets have risen after a strong Wall Street rally sparked by upbeat figures on the US labour market.     
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Syntel appoints Nitin RakeshHe replaces Prashant Ranade who is moving to a higher role as Executive Vice Chairman of the Board of Directors of of Syntel Inc effective April 21.
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Nifty ends above 6,050; GDP data in focus

Business Standard - 7 Feb 2014 12:30
Markets trimmed early gains to end marginally higher on Friday as investors turned cautious ahead of the GDP data for the current fiscal to be released later today. The government is likely to lower... its estimate of 5% growth forecast for the ...
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Sales up for steelmaker ArcelorMittal

Sky News - 7 Feb 2014 12:28
Steelmaker ArcelorMittal SA says it expects shipments of steel and iron ore to rise in 2014.     
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CNN's Transformation Says AJEFF ZUCKER, boss of CNN Worldwide, a cable-news firm, likes to start his morning with a shot of numbers. Every weekday at 9am he confers with his teams in New York, Atlanta, Washington, DC, and other... bureaus to discuss ratings and web traffic, and to decide what news to cover. On February 4th a story reconstructing the final day of Philip Seymour Hoffman, an actor who died of a heroin overdose (see obituary), boosted CNN’s website. Mr Zucker wanted to "push it" on TV too. As producers pitch the stories they plan to cover, Mr Zucker pitches them his own, including more on Hillary Clinton’s election prospects, how bad weather affects America’s economy and whether drinking two fizzy drinks a day will actually kill you. Previous bosses at the channel rarely attended morning news...
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Fund-raising by issuance of shares to promoters and shareholders on preferential basis by the companies jumped to a six month high of Rs 6,943 crore in December. With this fund raising, the total... money garnered by companies reached Rs 48,318 ...
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More Foreigners 'Pumping London Bubble'

Sky News - 7 Feb 2014 12:25
More Foreigners 'PumpingHigh-end estate agents see property search spikes from troubled emerging markets, as rich foreigners seek safe London investments.
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'Slut' Gets Credit Card Offer From Bank Of America

The Huffington Post - 7 Feb 2014 12:23
'Slut' Gets Credit Card OfferA California writer received a highly unusual credit card offer from Bank of America this week: It was addressed to "Lisa is a Slut McIntire." While "Lisa" is her first name and "McIntire" is indeed... her last, the "Is a Slut" part appeared to have been added by Bank of America, so she called out for help on Twitter: Hi @BofA_Help. I just received a credit card offer from you that addressed me as "Lisa Is A Slut McIntire." pic.twitter.com/7OeNZSlNhX -- Lisa McIntire (@LisaMcIntire) February 6, 2014 After a series of Tweets, Bank of America apologized: @LisaMcIntire We're incredibly sorry this happened and are researching now so we can take the appropriate action. ^bm -- Bank of America (@BofA_Help) February 6, 2014 Apparently, McIntire's name had been changed in the database of the Golden...
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Rural market driving Maruti Suzuki in UP

Business Standard - 7 Feb 2014 12:23
The burgeoning rural market is driving the growth of India's top carmaker Maruti Suzuki in Uttar Pradesh
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Harry Reid Threatens ToIN HIS state-of-the-union address Barack Obama asked Congress to give him "fast-track" authority to negotiate trade deals. Shortly afterwards his most important ally on Capitol Hill hinted that he... might block it. As Senate majority leader, Harry Reid can do just that: no bill gets a vote without his say-so. But would he really stiff Mr Obama? Much depends on the answer. Studies suggest that proposed deals with Asia and Europe could generate global gains of $600 billion a year, with $200 billion of that going to America. And that understates the benefits, since the deals would spur competition in the market for services, which make up most of rich countries' output but are seldom traded across borders. Opening industries like finance and transport to greater competition could bring great...
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SJVNL Q3 net profit rises 10%

Business Standard - 7 Feb 2014 12:20
State-owned SJVNL today reported a nearly 10 per cent increase in its third quarter net profit at Rs 210.93 crore on account of decline in finance cost. The company had posted a net profit of Rs... 192.06 crore in the same period last financial ...
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Stocks gain ground Friday to further recover from a steep two-week selloff
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ArcelorMittal sees 2014 profit rise as Europe revives

The West Australian - 7 Feb 2014 12:16
ArcelorMittal sees 2014 profitBy Philip Blenkinsop BRUSSELS
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Bitcoin Plunges As MajorUgly morning in Bitcoin world. Mt. Gox, the big Japan-based exchange, is temporarily halting all withdrawals as it faces technical issues. Here's their note to clients: Dear MtGox Customers,In our... efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your...
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FTSE LIVE: Traders hope forWeekly jobless claims across the Atlantic came in lower than expected yesterday, raising expectations for today's more influential US non-farm payrolls report for January.
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Real wages are stuck at 2004Despite output showing signs of returning to its pre-recession peak within months the NIESR warned the recovery could still stall thanks to stagnant wages.
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Top 10 modern inventions named

Fin24 - 7 Feb 2014 12:08
Top 10 modern inventions namedExperts voted on the top 10 chemically engineered solutions of the modern era and petrol was named as one of the solutions which had made the biggest impact.
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Germany's top constitutional court refers a decision on the legality of the European Central Bank's OMT program to the European Court of Justice, saying it likely exceeded the central bank's powers.
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Google buys 5.94% stake in Lenovo

Sky News - 7 Feb 2014 12:07
Google has bought a 5.94 per cent stake in Lenovo for $US750 million while also agreeing to sell Motorola.     
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Vendor confirms link to Target data probe

USA Today - 7 Feb 2014 12:06
Fazio Mechanical Services of Pennsylvania says it was victim of "sophisticated" hack.
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Moving ahead with the residual stake sale in HZL and Balco, an inter-ministerial panel has begun the process of valuation of the two companies so as to complete the deals by march-end. "We are in the... process of valuing the two companies. The ...
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Asian currencies halt slide asPeso climbed 0.7% to 44.99 per dollar in Manila, baht added 0.7% to 32.795, while ringgit advanced 0.4% to 3.33
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Scottish land values continued to rise in the second half of 2013 as supply failed to keep up with demand, according to the latest index from Knight Frank. Prices increased on average by 7% to £4,262... an acre in the latter half of the year and overall, values rose by 11% during the year. This takes 10 year growth to 220%, and means for the first time that the value of Scottish farm land has outpaced the rise in the price of land England. It also puts land in Scotland ahead of gold which rose by 212% over the same period. James Denne, head of farm sales in Scotland, said that there is still confidence in the farming sector from both investors and agricultural businesses. ‘Although farm profitability undeniably fluctuates in line with commodity prices, the value of the underlying asset,...
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Maryland Gov. Martin O'Malley planned to unveil a new cellphone security system Friday at the Baltimore City Detention Center.
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The world's population is aging rapidly -- which not only affect your retirement, but your children's too. You're not just saving for a few years of retirement, you are planning how to make your money... last a lifetime.
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Bringing ideas from abroad back to the domestic market is actually quite common, and there are clear benefits to using this approach
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Following my Morning Routine and Daily Planning, I use these techniques to implement the plan.
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Despite having much of its debt forgiven and the progress the automaker has made, it still has obstacles to overcome
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Can we stop my fatherAlthough they were married for many years, the marriage was one of convenience not love. Can we stop my father getting her money? Our experts answer.
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Even with a weaker Canadian dollar, there are still buying opportunities in this Nevada desert city which rates among the top five U.S. markets of interest to snowbirds
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To launch their data science company, the founders of Toronto-based Rubikloud had to first figure out how to acquire talented scientists
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At Jennings, a boutique is rebuilt for the times

Globe and Mail - 7 Feb 2014 12:00
New head of investment banking caps restructuring
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A successful agreement with Ottawa could add credibility to native leaders who favour collaborative and constructive negotiation
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KARLSRUHE, Germany
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Supreme Court halts potential blackout in Delhi

Business Standard - 7 Feb 2014 11:59
In a breather to Reliance controlled BSES Rajdhani Power Ltd. and BSES Yamuna Power Ltd. power distribution companies, the Supreme Court Friday directed the National Thermal Power Corporation (NTPC)... to continue supplying power to these companies ...
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KUALA LUMPUR, Malaysia (AP) -- Global stock markets were higher Friday in anticipation of a positive U.S. jobs report for January.     
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This Obscure Gas ImprovesXENON is one of the shyest members of the periodic table of the elements. Chemically, it is almost inert, and physically, it makes up only 0.000009% of the atmosphere, so it is not surprising that it... was among the last of the naturally occurring elements to be identified, in 1898. Biologically, however, it is not shy at all. In some countries, notably Russia, it is used as an anaesthetic. It is also known to protect body tissues from the effects of low temperatures, lack of oxygen and even physical trauma. In particular, it increases levels of erythropoietin, also known as EPO, a hormone that encourages the formation of red blood cells. Xenon's protective and EPO-boosting properties mean it is being investigated as a treatment for babies whose brains have accidentally been starved of...
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“Shareholders will slaughter them if Lonmin offers higher increases for a quicker settlement with Amcu.”
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SKorea court invalidates Ssangyong layoffs

Miami Herald - 7 Feb 2014 11:57
SKorea court invalidatesA South Korean appeal court said the layoff of 153 employees at Ssangyong Motor Co. in 2009 was unjustified, in a belated victory for auto workers who fought pitched battles with riot police at the... time.
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Supreme Court halts potential blackout in Delhi

Money Control - 7 Feb 2014 11:56
Supreme Court halts potentialNTPC had said BSES Yamuna Power, which sells electricity in the central and eastern parts of the city of about 16 million people, must pay its bills or be cut off from February 11.
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Provisional: Markets bounce back amid volatile trade

Business Standard - 7 Feb 2014 11:52
Markets ended higher on Friday, amid a volatile trading session, led by gains in Tata Steel, Sun Pharma, and Sesa Sterlite.
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Tokyo stocks close up 2.17%

Sky News - 7 Feb 2014 11:51
Tokyo stocks have closed 2.17 per cent higher, with investors encouraged by gains on Wall Street.     
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UK trade deficit narrows inThe UK's trade deficit narrowed in December to its lowest since July 2012, but manufacturing growth was weaker than expected, figures show.
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German Constitutional CourtThe Eurozone crisis for all intents and purposes ended in Summer 2013 when the ECB unveiled its 'OMT' program. The program would allow the ECB to backstop government bond markets (in an unlimited... manner) provided said governments entered into oversight and restrictions. The ECB hasn't actually employed the program ever, but just the knowledge that the program existed has drastically calmed bond markets, and ended fears that a peripheral country would go bankrupt. The ECB was always kind of threading a needle on this one. The Eurozone rules state that the ECB can't bail out countries this way. The ECB's argument is that it's not bailing out countries, but ensuring the smooth conduct of monetary policy — something that can't happen if government bond markets are going haywire. Clever....
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Pensions tax raid would stopThe Institute for Fiscal Studies said cutting tax relief on pension contributions for millions of workers is frequently proposed by politicians hoping to raise cash to fund pet projects.
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SEOUL, South Korea (AP) -- A South Korean appeal court said the layoff of 153 employees at Ssangyong Motor Co. in 2009 was unjustified, in a belated victory for auto workers who fought pitched battles... with riot police at the time.     
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BCC: Storms show need for immediate action on vital transport links

British Chamber of Commerce - 7 Feb 2014 11:45
Executive Director of Policy and External Affairs, Dr Adam Marshall comments ahead of the further storms this weekend.
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Cadila Healthcare surges on healthy Q3 earnings

Business Standard - 7 Feb 2014 11:45
The stock has rallied over 7% to Rs 916 on BSE after reporting 82% yoy growth in net profit at Rs 186 crore for Q3FY14.
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Two more miners have died in accidents at Harmony Gold's Kusasalethu mine in North West and at its Joel mine in the Free State.
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Company anticipates revenue between 415 million dollars and 420 million dollars
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SAA shares with Virgin Australia

IOL - 7 Feb 2014 11:42
SA Airways entered into an agreement with Virgin Australia that would see the airline expand its access in the country, it said.
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German trade surplus hits record high in 2013

Miami Herald - 7 Feb 2014 11:42
Germany's trade surplus hit a new high in 2013 as concerns grow that Europe's largest economic is relying too heavily on exports and not doing enough to encourage domestic demand.
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BERLIN (AP) -- Germany's trade surplus hit a new high in 2013 as concerns grow that Europe's largest economic is relying too heavily on exports and not doing enough to encourage domestic demand....     
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European stock markets extend gains as investors digest the latest round of earnings reports and wait for the U.S. nonfarm-payrolls report due in the afternoon.
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New 'Call of Duty' developer named
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Steelmaker ArcelorMittal sees sales up in 2014

Miami Herald - 7 Feb 2014 11:37
ArcelorMittal SA, the world's largest steelmaker, says it expects shipments of steel and iron ore to rise in 2014 as recoveries in the US and Europe will matter more than slowing growth in emerging... markets.
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New device to fight scooter theft

ABC News - 7 Feb 2014 11:33
Police hope a new ear-shattering anti-theft alarm will reduce the incidence of scooter theft in the state's north. Scooter numbers have exploded in Broome in recent years. In 2008 there were less than... 50 registered in the town. Now there's more than 500. Broome resident Peta Hawkins is one of many locals hooked on the two-wheeled vehicles.
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WASHINGTON DC, - Canada gets a painful lesson in American politics today as one of its major economic priorities is forgotten on the messy floor of the legislative sausage-factory that is the U.S.... Congress. Hopes that a major farm bill might end a multibillion-dollar hit to Canadian livestock producers will be officially extinguished in Michigan, where President Barack Obama is scheduled to attend a signing ceremony for the bill. The bill's bumpy journey to the presidential pen is an eye-opening case study in U.S. lawmaking -- that boisterous, unpredictable feast of movable alliances so strikingly different from the routine bill-churning, leader-driven, discipline-heavy parliamentary system in Canada. In the scramble toward a farm bill, Canadian hopes were undone by a few hostile senators,...
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OTTAWA - There's no free lunch, Finance Minister Jim Flaherty is fond of saying. Next week, however, Canadians will be paying for hundreds of them. Free lunches and refreshments will be provided to... Finance Department staff, their provincial counterparts, private-sector economists, accountants, tax lawyers and think-tank researchers who attend Tuesday's all-day federal budget lockup. The lockup is an Ottawa tradition that gives insiders a sneak peek at the budget in secure rooms, where attendees are incommunicado for hours until the document is made public in the House of Commons, at about 4 p.m. ET. Once inside, no one is allowed to leave, so the Finance Department feeds them and provides refreshments, without charge. Last year it cost taxpayers more than $14,000 to feed and refresh some...
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Steel Maker ArcelorMittal Narrows Its Net Loss

The New York Times - 7 Feb 2014 11:27
Its chief executive, Lakshmi Mittal, said he saw signs that the world economy was ticking up and he expected earnings to improve this year.     
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A consortium of Patel Engineering, Turkey's Limak and state-owned BHEL has emerged as the lowest bidder for a 1,000 MW hydel project in Jammu & Kashmir. The 1,000 MW Pakal Dul hydro electric project,... having four units of 250 MW, is located in ...
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IMG starts process forThe government holds 49 percent stake in Balco and 29.5 percent in Hindustan Zinc Ltd (HZL).
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Condoms with a conscience set for sale

USA Today - 7 Feb 2014 11:22
The co-founder of Seventh Generation launches a new company aimed primarily at women.
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The Carlyle Group (NASDAQ:CG) has agreed to buy the industrial packaging unit of Illinois Tool Works (NYSE:ITW) for $3.2 billion, the companies said Thursday. The sale is a result of ITW's decision in... September to shed its Industrial Packaging Unit,or IPG, to focus on core businesses.
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Indian e-commerce expected to be $18bn by FY15: report

Business Standard - 7 Feb 2014 11:19
Indian e-commerce has grown at a compounded annual growth rate of 30% since FY09, and is expected to be $18 billion (around Rs 1,116,00 crore) opportunity by FY15.
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IFC issues fourth tranche of its 3-year bonds

Business Standard - 7 Feb 2014 11:18
International Finance Corp (IFC), a part of the World Bank group, has issued a fourth tranche of its three-year bonds to raise 7 billion rupees at 7.75 percent, tapping overseas investors amid renewed... uncertainty in the global economy.
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AO announces plans for flotation

BBC - 7 Feb 2014 11:18
AO announces plans forAO - the online seller of domestic appliances such as fridges and washing machines - announces plans to float on the London Stock Exchange.
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JOHANNESBURG (AP) -- A South African gold-mining company says two employees have died in separate accidents since an earthquake triggered an underground fire in a mine shaft earlier this week, killing... eight miners.     
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Before you whip out your debit card, consider this: If some crafty thief hacks the store terminal and goes on a shopping spree using your data, you could be responsible for $500 in charges.     
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After a rocky start to the week, stocks roared back Thursday, giving major indexes their biggest gains of the year. The surge began overseas when the European Central Bank said it's ready to do more... to support the economy and fight deflation. A bit of good news in the US followed: Fewer people sought jobless benefits last week. And traders think Friday's jobs report will show gains. 'The fear in the markets has subsided some,' said Marc Doss, at Wells Fargo Private Bank. Helping the rally: Disney got a lift from its hit 'Frozen,' and the stock rose 5.3%. Dunkin' said sales are up; its stock rose 3.4%. But Twitter fell 24.2% on growth worries.     
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Daily-deal sites, known for blasting e-mail offers for limited-time discounts at restaurants, spas, and gyms, were one of the hottest things on the Internet in 2011. But as more and more websites... entered the market, people grew immune to their clogged inboxes and stopped buying as many daily deals.     
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Harmony Gold stops operationsHarmony Gold has stopped all its operations for a 24-hour safety shift after at least eight workers were killed in a rockfall and fire.
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Michigan Gov. Rick Snyder is preparing to talk about the economy and his 2-day-old budget proposal with Detroit-area business executives.
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Volunteers will help college-bound students fill out financial aid applications at spots across the state this Sunday.
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The merger took place since Bright lacked the ability to provide advanced technology
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Eveready Industries zooms on strong Q3 earnings

Business Standard - 7 Feb 2014 11:12
The stock is locked in upper circuit of 5% at Rs 38.50 on reporting 152% yoy growth in net profit at Rs 4.53 crore for Q3FY14.
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Student entrepreneurs to compete in Louisville

Miami Herald - 7 Feb 2014 11:12
Entrepreneurs from nine states and Canada are competing next week in Louisville with business startup ideas.
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Markets Are Heading Higher Ahead Of Huge Jobs Report

Business Insider - 7 Feb 2014 11:10
Markets Are Heading HigherGood morning! Happy Jobs Day. Today at 8:30 AM we get the Non-Farm Payrolls report for January. A full preview of the report is here, but the short version is that analysts are expecting 180,000 new... jobs and for the unemployment rate to stay unchanged at 6.7%. In the meantime, markets are gaining a bit. US futures are up to the tune of 0.3%. Europe is up as well. Japan had a big night, rallying 2%. It seems that, for the moment, the selling we've seen of late has calmed down. Of course, today's jobs report has the potential to upset any balance in a number of ways. A strong number could get people talking again about the Fed tightening. And a weak number could play into the new meme that once again, the economy is failing to achieve breakout speed. We'll know soon! Join the conversation...
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Markets erase early gains; Sensex slips below 20,300

Business Standard - 7 Feb 2014 11:05
Benchmark indices erased their early morning gains as index heavyweights like ITC and TCS pared the gains of Sun Pharma and Tata Steel.
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Volunteers will help college-bound students fill out financial aid applications at spots across the state this Sunday.
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ANC can't deliver on landThe government will need up to R179bn to settle outstanding land claims, but only a small fraction of this amount is available, says the DA.
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Michigan Gov. Rick Snyder is preparing to talk about the economy and his 2-day-old budget proposal with Detroit-area business executives.
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Student entrepreneurs to compete in Louisville

News Observer - 7 Feb 2014 11:04
Entrepreneurs from nine states and Canada are competing next week in Louisville with business startup ideas.
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Jobs report disappoints; be thankful for bonds
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In Israel, a push to bringIbrahim Sana worked for a global tech company, then broke off to start his own venture. Last year, he was crowned one of Israel's seven most promising young entrepreneurs by a financial newspaper.
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LinkedIn Shares Hit Over NewMore market worries for social media, as LinkedIn shares drop 11% on investor fears of it being able to attract new members.
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Planemakers look to ink AsiaBy Siva Govindasamy and Tim Hepher SINGAPORE
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Check out the F&O trends in select stocks with Nitin Murarka, Head-Derivatives, SMC Global
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Obama signing farm bill that trims food stamps

Miami Herald - 7 Feb 2014 10:42
Obama signing farm bill thatPresident Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a major piece of bipartisan legislation.
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Obama signing farm bill that trims food stamps

News Observer - 7 Feb 2014 10:39
President Barack Obama is carrying out a presidential duty that he hasn't had a lot of opportunity to perform recently: signing into law a major piece of bipartisan legislation.
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A scramble to sign up theAn army of workers and volunteers has fanned out around the country trying to enroll young and healthy people in health insurance now available through President Barack Obama's signature law.
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The economy showed a second month of weak job gains in January.
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Mahindra Ugine Steel hits 52-week high post Q3 results

Business Standard - 7 Feb 2014 10:33
The company has reported more than double profit before extraordinary items at Rs 18 crore for Q3FY14.
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Oilmeals export down 47% in January

Business Standard - 7 Feb 2014 10:28
India's oilmeals export fell by 47 per cent during last month to 4.25 lakh tonnes due to lower crushing of soyabean, according to industry data. Oilmeals export stood at 7.98 lakh tonnes in the... year-ago period. "Export of oilmeals is down in ...
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Exceptional gain pushes Strides Q4 net to Rs 3,525 cr

Business Standard - 7 Feb 2014 10:27
On the back of an exceptional gain, the pharmaceutical company Strides Arcolab today reported a gigantic increase in net profit at Rs 3,525 crore for the quarter ended December 2013
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Genpact Q4 net income down 8.6%

Business Standard - 7 Feb 2014 10:25
2014 revenue growth guidance in the range of $2.22bn to $2.26bn
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Typo keyboard submitted a 26-page argument in a California court against BlackBerry
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College aid workshops to be held in W.Va.

Miami Herald - 7 Feb 2014 10:17
The West Virginia Higher Education Policy Commission has announced a series of student financial aid workshops.
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Ocado founder sells £15mFormer Goldman Sachs banker Jason Gissing, who was the commercial director, said he wanted to spend more time with his four young children.
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One in four reachingThe survey of more than 1,000 people nearing retirement found that one in seven had already delayed their plans.
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IBM is seeking a buyer for its semiconductor manufacturing unit, but still wants to keep its chip-design capability, says a source close to the matter.
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Mark Carney's forward guidanceThe NIESR said the policy has ‘increased uncertainty’ about when interest rates will rise – the exact opposite of what it was designed to do.
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ArcelorMittal SA narrowsArcelorMittal SA, a unit of the world's top steelmaker, has narrowed its full-year loss, helped by a weaker rand and firmer steel prices.
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Tata Power Q3 loss narrows to Rs 75 crore

Business Standard - 7 Feb 2014 10:07
Tata Power today posted Q3 consolidated net loss of Rs 75 crore as compared to Rs 329 crore for the same period last year.
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Citibank has agreed to pay $110 million to settle a class-action lawsuit filed by a Syracuse man who says he was forced into a 400-percent increase in his flood insurance premium.
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One of the most highly anticipated U.S. jobs reports in months might also prove to be among the most puzzling.
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Report: Apple buys back $14B of its shares

USA Today - 7 Feb 2014 10:03
The company has faced pressure from activist investor Carl Icahn to boost its share buybacks.
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As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy.
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RIO DE JANEIRO (AP) -- Police and protesters violently clashed in Rio de Janeiro's main train station Thursday in a demonstration against a 10-cent hike in bus fare.     
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Sometimes the pressure's on to make a sale, look as young as possible, Rhonda Abrams says.
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German trade surplus dips in December

Sky News - 7 Feb 2014 09:55
Germany's trade surplus narrowed slightly in December, as export momentum tailed off at the year-end.     
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TVHL strengthens its presence in South India by developing Spanish themed residential township at Sriperumbudur, near Chennai
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Start-up app Line-Up launches in Manchester

Daily Mail - 7 Feb 2014 09:43
Start-up app Line-Up launchesHuge opportunities are being be overlooked by tech start-ups dazzled by London's glittering prospects, which is why Line-Up founders decided to focus on Manchester.
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Google makes a point on gay rights at Sochi Games

The West Australian - 7 Feb 2014 09:39
By Timothy Heritage SOCHI, Russia
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Markets trim gains ahead of GDP data; Tata Steel up 4%

Business Standard - 7 Feb 2014 09:38
ITC, TCS and HDFC weigh on the indices in noon trades
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What mid-cap stocks to buy?

Business Standard - 7 Feb 2014 09:38
Will Nifty sustain at current levels
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To grow and improve is a desire that most all of us share. Yet, in order to grow and improve we must first be willing to acknowledge our areas of weakness; we must accept who we are in order to become... something better. So how can we best recognize our weaknesses? We can stop defending and start listening.
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DJs looks to redevelop Sydney property

The West Australian - 7 Feb 2014 09:31
DJs looks to redevelop SydneyDavid Jones had filed a development submission that could see it build above one of its Sydney stores.
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Ibrahim Sana worked for a global tech company, then broke off to start his own venture. Last year, he was crowned one of Israel's seven most promising young entrepreneurs by…
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Truecaller raises $18.8 million in Series B funding

Business Standard - 7 Feb 2014 09:18
Series B round led by Sequoia Capital along with Open Ocean, others
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Lead up 0.4% on spot demand

Business Standard - 7 Feb 2014 09:16
Lead prices moved up by 0.42 per cent to Rs 132.20 per kg in futures market today due to pick up in demand from battery-makers in the spot market. At the Multi Commodity Exchange, lead for delivery in... February edged up by 55 paise, or 0.42 per ...
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Asian Stocks Buoyed by Hopes(KUALA LUMPUR, Malaysia) -- Asian stock markets were mostly higher Friday, mirroring gains on Wall Street in anticipation of a positive U.S. jobs report for January. Japan’s benchmark Nikkei 225... index surged 1.6 percent to 14,382.77 and Hong Kong’s Hang Seng added 0.9 percent to 21,614.36. South Korea’s Kospi climbed 0.4 percent to 1,915.16 and Australia’s S&P/ASX 200 rose 0.6 percent to 5,160.10. China’s Shanghai Composite, which reopened after a long Lunar New Year holiday, eased 0.5 percent to 2,023.09. Investors are hoping for a robust jobs report after the U.S. economy added a disappointing 74,000 jobs in December. That was the fewest in three years and far below the average of 214,000 added in the previous four months. The Labor Department earlier this week said fewer...
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Stocks of Thomas Cook, Sterling Holidays shoot up 3%

Business Standard - 7 Feb 2014 09:12
Stocks of Thomas Cook and Sterling Holidays shot up around 3% each on reports that the former will buy out the Chennai-based travel company.
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Officials in California on Friday are set to outline proposed state legislation requiring smartphones and other mobile devices to have a "kill switch" that would render them inoperable if lost or... stolen.
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Mentha oil up 0.39% on pick-up in demand

Business Standard - 7 Feb 2014 09:10
Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming... industries. Tight stocks availability in the physical ...
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Crude palm oil extends gains on increased demand

Business Standard - 7 Feb 2014 09:09
Crude palm oil extended gains for the fourth straight day by gaining 0.29 per cent to Rs 545.70 per 10 kg in futures market today due to increased demand in the spot market
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Cardamom down 2.1% on profit-booking

Business Standard - 7 Feb 2014 09:08
Snapping its four-day rising streak, cardamom prices dipped 2.11 per cent to Rs 710 per kg in futures trading today as speculators booked profits at prevailing higher levels on fall in spot market... demand against adequate stocks position. At the ...
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Google buys 6% stake in Lenovo

BBC - 7 Feb 2014 09:06
Google buys 6% stake in LenovoGoogle buys a 6% stake in Chinese PC maker Lenovo for $750m (£459m), shortly after selling handset-maker Motorola Mobility to the firm.
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Potato declines on higher supply, low demand

Business Standard - 7 Feb 2014 09:05
Potato prices declined by 1.01 per cent to Rs 1,164 per quintal in futures trading today as speculators offloaded their positions due to low demand in the spot market against higher supplies from... producing regions
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Copper rises 0.62% on spot demand, global cues

Business Standard - 7 Feb 2014 09:03
Copper prices rose 0.62 per cent to Rs 447 per kg in futures trade today as speculators enlarged their positions on the back of increased demand from consuming industries in the spot market amid a... firm global trend
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Water isn't the only resource running short in California. The drought-stricken state is also low on natural gas.
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MahaVitaran prays for recovery to sustain financially

Business Standard - 7 Feb 2014 09:01
MahaViataran has approached the state electricity regulatory commission (MERC) with a plea to recover a revenue gap of Rs 9,312 crore
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BMA to cut 230 jobs at coal mine

Sky News - 7 Feb 2014 09:00
About 230 coal miners will lose their jobs as part of cost cutting measures at the Saraji coal mine.     
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The leading European political blocs have put forth a list of hacks with little political clout as candidates for leadership roles in the new European Parliament. Change, if it comes, will have to... come from the bottom up, writes Darrell Delamaide.
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Calling it a 'reality check', analysts and experts believe that Cognizant's lower-than-expected revenue growth guidance for 2014 reflects that even as information technology (IT) services companies... will see growth during this year, it is unlikely to ...
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NZ shares rise in global rally

Sky News - 7 Feb 2014 08:57
NZ shares have gained, as the market caught up with a global wave of positive sentiment.     
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In 2008, Charles and Kathleen Barrett filed a fraudulent tax return for Tax Year 2007. Because of that return, the Barretts received a tax refund of $217,615 to which they were not entitled. On... September 1, 2010, the IRS sued the Barretts in Colorado federal court, and eventually obtained a default judgment against them for $351,197 (now including penalties and interest) when the Barretts failed to defend. Three times the Barretts tried to vacate the default judgment, and three times they failed. So far, so what -- if the Barretts had simply paid their taxes, this would have been an obscure case for a relatively small amount and probably nobody except the parties concerned would have cared much. But the Barretts decided that they weren't going to pay, and that's where it starts getting...
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$A lower ahead of US jobs data

Sky News - 7 Feb 2014 08:55
The $A is lower as caution ahead of US economic data outweighed the RBA's forecasts for higher growth.     
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Mining joint venture Billiton Mitsubishi Alliance (BMA) has announced it is cutting 230 jobs at its coking coal mine in Queensland's Bowen Basin to stay viable.
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Aust bonds weaken after RBA statement

Sky News - 7 Feb 2014 08:52
The bond market is weaker after the RBA said the inflation rate will peak in the coming years.     
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Asian stock markets were mostly higher Friday, mirroring gains on Wall Street in anticipation of a positive U.S. jobs report for January.
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Oil futures move toward their first decline in four days, with investors set to look through the latest U.S. labor-market report for any indications about energy demand.
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Spectrum auction: Day 5 bidsAt the end of fourth day, telecom companies had jointly made bids worth about Rs 52,689 crore.
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The BSE Healthcare index was up 1.74% compared to 0.51% rise in benchmark S&P BSE Sensex at 1150 hours.
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Rupee surrenders initial gains, trades at 62.35

Times of India - 7 Feb 2014 08:23
In line with equity market, the rupee surrendered initial gains, but was still quoted higher by two paise to 62.35 per dollar in late morning deals on Friday on selling of the American currency by... banks and exporters.     
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Sensex trims gains, up 74 points

Times of India - 7 Feb 2014 08:21
The benchmark S&P BSE Sensex trimmed its initial gains but was still higher by 74 points in late morning trade on amid buying in healthcare, realty, metal and capital goods stocks.     
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Stock futures turn back up despite disappointing January jobs number.
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The Supreme Court will today hear the plea of Reliance Group-owned power distribution companies BSES Rajdhani and BSES Yamuna in Delhi against NTPC's notice threatening to cut off power supply for not... clearing outstanding dues.
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The dollar moves little against the euro and yen, as markets eagerly await the upcoming U.S. jobs report for better clues about the strength of the recovery in the world's largest economy.
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Debt-counselling industry opposes self-regulation by banks when assessing the affordability of applicants for credit approval
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Sebi chief gets two-year extension

Times of India - 7 Feb 2014 08:12
Sebi chairman U K Sinha has got a two-year extension till 2016 to continue at the top job as finance ministry has issued a notification to this effect.     
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Shares end a down week on a high

Sydney Morning Herald - 7 Feb 2014 08:11
Shares end a down week on aShares finished the week lower despite rebounding strongly on Thursday and Friday.     
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WASHINGTON
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De Beers is making the biggest change to the way it sells diamonds in more than a decade as it seeks to direct more gems to its most successful customers.
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A diversified strategy had contributed towards double-digit growth for Adapt IT business units amid a tough trading environment, chief executive Sbu Shabalala said yesterday.
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The protracted strike in the second half of last year in the motor manufacturing, auto component supply and retail motor industries failed to dent the financial performance of listed logistics group... OneLogix in the six months to November.
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Licensing upgrades raise the bar for Indiana agents

Chicago Tribune - 7 Feb 2014 08:00
As of July 1, there won't be any real estate agents in Indiana.     
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Coronation Fund Managers is adding platinum mining companies and retailers after a sell-off by foreign investors of emerging market stocks improved valuations.
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The deadline for the public to comment on the Green Paper on the national integrated information and communication technology (ICT) policy had been extended to March 24, the Communications Department... said yesterday.
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The European Central Bank (ECB) would take action if the outlook for inflation worsened or money market turbulence resumed, bank president Mario Draghi reiterated yesterday.
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Q: I am interested in a property in Maryland. I contacted the owner, who told me I can have the house. But she did not sign a quitclaim deed. What can I do to transfer the property to me without the... deed? All I have is her word of mouth.     
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So was it the support of the pope or the Public Investment Corporation that secured victory for Bidvest in the battle for Adcock Ingram?
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BMW SA's skills secure IT hub

IOL - 7 Feb 2014 08:00
BMW South Africa is set to treble the number of software engineers it employs, after it was selected to become one of only three centres that will supply specialised information technology (IT)... services to the BMW group worldwide.
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South African lender and asset manager Investec is considering the sale of UK-based mortgage business Kensington, extending plans to dispose of underperforming assets and boosting its shares.
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Prospects are mixed for home equity borrowers

Chicago Tribune - 7 Feb 2014 08:00
There are days of reckoning and days of opportunity ahead for home equity lines of credit.     
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High sales volumes coupled with higher rand commodity prices due to the weakening of the currency last year boosted earnings for Royal Bafokeng Platinum (RBPlat) in the year to December, it said... yesterday.
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Maputo eyes higher coal royalties

IOL - 7 Feb 2014 08:00
Mozambique was close to finalising a new fiscal regime for its mining and petroleum sectors and might raise royalties for coal, its key export commodity, Deputy Mines Minister Abdul Razak Noormahomed... said yesterday.
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Bank of England (BoE) governor Mark Carney and his colleagues are debating how they can reflect the strength of the UK economy in forecasts without suggesting that interest rates are about to go up.
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Canada & Hungary Sign U.S.Now That Canada Has Joined the FATCA Parade, Expect More Dual Citizens to Worry Over Disclosure to the IRS.
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The ANC’s 2014 election manifesto endorses the principle of introducing a legislated national minimum wage. This concrete intervention is hugely important for millions of South Africans who, despite... working long hours, still live in poverty.
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The decision by the monetary policy committee (MPC) of the Reserve Bank to raise the repo rate by 50 basis points baffled many economists baffled who had expected rates to be kept on hold.
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The days of skiving behind your boss’s back may be numbered, following the announcement of a new product that can track your every movement in the workplace.
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Tease frozen Chicago Auto Show-goers with perfect ride to follow the sun.
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BMA to cut 230 jobs at Qld coal mine

The West Australian - 7 Feb 2014 07:57
Mining giant BHP Billiton Mitsubishi Alliance says about 230 employees and contractors will be cut from its Saraji mine in central Queensland.
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Optus to face challenge on network ads

The Australian - 7 Feb 2014 07:54
Optus to face challenge onTELSTRA and Optus will go head-to-head in court next week over allegations Optus ads promoting its mobile network are misleading and deceptive.
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Economists ponder data, RBA's new stance

The West Australian - 7 Feb 2014 07:53
For some economist, signs of life in the economy and a shift in the RBA's rates stance means not more rate cuts, but others were not so sure.
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Billy Crystal, Oprah, And MoreBilly Crystal, Oprah, and more stars gathered together during Jay Leno's final episode of "The Tonight Show" to give an emotional sendoff to the longtime late-night host. Leno's first and final... guest, Crystal introduced a large group of celebrities consisting of Oprah, Carol Burnett, Jack Black, Jim Parsons, and Kim Kardashian to sing along to the tune of "So Long, Farewell" from "The Sound of Music." Leno hosted "The Tonight Show" for 22 years.  Jimmy Fallon will take over hosting duties February 17. Watch the clip below: Here are photos from the event: SEE ALSO: The most memorable moments from Jay Leno's final "Tonight Show" Join the conversation about this story »     
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Oil prices mixed ahead of US jobs release

Business Standard - 7 Feb 2014 07:50
Oil prices were mixed in Asian trade today as investors await the release of US jobs data, while severe winter weather in the country lifted demand for heating fuel and lent support to prices.
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Granules India surges over 30% post Q3 results

Business Standard - 7 Feb 2014 07:47
The stock has rallied 36% after reported over three-fold rise in net profit at Rs 21.8 crore for the third quarter ended December 31, 2013.
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Aust shares higher on RBA forecasts

The West Australian - 7 Feb 2014 07:46
The Australian sharemarket has closed in postive territory after the central bank lifted its economic growth forecasts
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Wall Street: Our bad; GM Q4 earnings not that disappointing after all
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Markets Live: All eyes on US jobs

Sydney Morning Herald - 7 Feb 2014 07:38
Markets Live: All eyes on USLocal stocks have extended yesterday's rally, as the global mood brightens, but investors remain wary ahead of tonight's key US jobs data.     
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Gold futures extended the prior session's gains, with investor placing bullish bets ahead of the hotly anticipated jobs report.
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Aust shares close higher

Sky News - 7 Feb 2014 07:32
The Australian share market has closed higher, with gains in the banking and mining sectors.     
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WASHINGTON
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Gold futures rise 0.5% on global cues

Business Standard - 7 Feb 2014 07:25
Gold futures rose 0.49% today to Rs 28,790 per 10 grams as speculators enlarged their positions, driven by a firming trend in the Asian region.
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Highlights from the Boston Real Estate Now blog.     
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Stocks to watch at close on Friday

The West Australian - 7 Feb 2014 07:20
Stocks of interest on the Australian Securities Exchange at the close on Friday
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Aust shares close higher

The West Australian - 7 Feb 2014 07:20
The Australian share market at the close on Friday
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BHP cuts 230 jobs at Qld mine

The Australian - 7 Feb 2014 07:19
BHP cuts 230 jobs at Qld mineABOUT 230 coal miners will lose their jobs at the Saraji central Queensland coal mine, BHP Billiton Mitsubishi Alliance says.
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Argentines become citizen-copsA free smartphone application has encouraged more than 70,000 Argentines to become citizen-cops as they shop.
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What is Spectrum auction all about?

Business Standard - 7 Feb 2014 07:12
Here is an attempt to demystify the sector, understand what is spectrum, why and how are they being auctioned and how would it impact the companies who are the winners and what does it mean to the... losers.
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Global stock markets were higher Friday in anticipation of a positive U.S. jobs report for January.
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Navi Mumbai airport to beginSanjay Bhatia, vice chairperson and managing director, CIDCO, says the company will hold 26 percent stake in the new airport.
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SpiceJet appoints Kaneswaran Avili as CCO

Business Standard - 7 Feb 2014 07:08
SpiceJet Ltd has appointed Kaneswaran Avili as its Chief Commercial Officer (CCO).
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RBA increases growth forecasts

The West Australian - 7 Feb 2014 07:06
RBA increases growth forecastsThe RBA says economic growth will be stronger in the coming years but has also raised it's inflation forecasts, causing concern about a higher cash rate.
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Ambuja Cements gains post December quarter results

Business Standard - 7 Feb 2014 07:06
The company said the outlook continues to remain challenging due to difficult macro-economic condition and resultant subdued cement demand.
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BUENOS AIRES, Argentina - A free smartphone application has encouraged more than 70,000 Argentines to become citizen-cops as they shop. Argentina's government blames escalating inflation on... speculators and greedy businesses, and has pressured leading supermarket chains to keep selling more than 80 key products at fixed prices. President Cristina Fernandez wants citizens to report any overpriced items to the consumer protection agency. "We want you to protect what's yours, because if not the others will win out every single day," the president said in a national address this week. Now a free app designed by two college students is helping consumers do just that by scanning bar codes to find evidence of overpricing. The "Precios OK" software appears to be an instant hit, with downloads in...
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Aurora shares soar 56% on takeover bid

The West Australian - 7 Feb 2014 07:04
Aurora shares soar 56% onShares in Aurora Oil and Gas have risen by 56 per cent after Canadian oil company Baytex Energy launched a $1.8 billion takeover bid.
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16 Low-Budget Movies That Became Huge Hits

Business Insider - 7 Feb 2014 07:03
16 Low-Budget Movies ThatNot every hit movie needs an astronomical budget and A-list stars to resonate with audiences. Check out some films that succeeded despite (and sometimes because of) the built-in limitations of being... low on cash. "The Purge" Budget: $3 millionOpening Weekend: $34 millionArmed with little more than Ethan Hawke and a wickedly provocative concept, The Purge surprised studios by handily winning its opening weekend. The horror movie is about a future United States that allows a 12-hour period of lawlessness every year. "Once" Budget: $150,000Domestic Gross: $9.4 million This low-budget musical stunned critics when it was first released in Ireland in 2006, and continued to win them over after it traveled overseas. The story of a street musician and a pianist who find love and make music...
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No Recourse on Sandy Aid

Wall Street Journal - 7 Feb 2014 07:02
Superstorm Sandy victims rejected for New Jersey recovery grants won't be able to appeal those decisions, state officials said Thursday, even after it was revealed that faulty data was used to throw... out some of their applications.
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Today's Economist: TheOnly an effective partnership of owners, local governments and international organizations can create effective safeguards for workers in developing nations, an economist writes.     
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Controversial, and now viral, ad of male lugers sends a very clear message to Russia.
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UK Sinha: The watchdog gotSinha is the second Sebi chief after DR Mehta to be heading the regulatory body over three years.
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There have been significant improvements in safety standards, writes Charlotte Mathews
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Asian stocks move higher as a strong reading on the U.S. labor market helps shares recover from heavy selling earlier in the week.
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Apple quickly buys back $US14b in shares

Sky News - 7 Feb 2014 06:50
Apple gobbled up $US14 billion worth of its shares in the two weeks after earnings disappointed the market.     
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Nifty holds 6,050 mark; broader markets outperform

Business Standard - 7 Feb 2014 06:48
Gains were led by index heavyweights Infosys and Reliance Industries
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Rupee up 8 paise against dollar

Times of India - 7 Feb 2014 06:41
The rupee appreciated by 8 paise to 62.29 in early trade at the Interbank Foreign Exchange on Friday on increased dollar selling by exporters and some banks amid sustained capital inflows.     
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No Mercy: Nuns Feel Spanish Bank's Cuts

Wall Street Journal - 7 Feb 2014 06:37
Spain's financial distress has trickled down to a secluded back office of one of its largest banks--the convent where Sister Mariuca Mesones sorts and labels the lender's outgoing mail.
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Sensex up 128 points on Asian cues

Times of India - 7 Feb 2014 06:37
All the sectoral indices were trading in the positive zone with gains up to 1.18 per cent.     
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Jobs to go at BHP Saraji coal mine

Sydney Morning Herald - 7 Feb 2014 06:36
Jobs to go at BHP Saraji coalBHP Billiton has announced it will cut 230 jobs at its Saraji coal mine in Queensland.     
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Total plans to exit SA coal sector

BDLive - 7 Feb 2014 06:36
Total is to sell its South African coal assets held through 100% subsidiary Total Coal SA but intends stepping up its investment in oil and gas exploration
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Infosys to set up delivery centre in Brazil

Money Control - 7 Feb 2014 06:34
Infosys to set up deliveryInitially, the 100-seat facility in Brazil will house 25 people and provide SAP Application Management services to Citrosuco, the world's leading orange juice producer.
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Accused insider trader pleads not guilty

The Australian - 7 Feb 2014 06:33
Accused insider trader pleadsCONVICTED insider trader John Hartman's one-time friend and associate Oliver Curtis has pleaded not guilty to one charge of insider trading.
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Shares fall for second day as proposed changes to executive pay are rejected
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Google Doodle Targets Russia's Anti-Gay Law As Sochi Games Begin

The Huffington Post - CA - 7 Feb 2014 06:25
Google Doodle Targets Russia'sSAN FRANCISCO - With the Winter Games underway in Sochi, Google Inc. quietly but vibrantly added its voice Thursday to the chorus of U.S. companies speaking out against Russia's law restricting... gay-rights activities by updating its iconic search page logo to depict illustrations of athletes skiing, sledding, curling and skating against a rainbow-coloured backdrop. The company declined to comment on the new Google doodle that appeared on its home pages worldwide, saying it wanted the illustration to speak for itself. But the logo clearly was meant as a show of support for gay rights and a rebuke of the law that bans pro-gay "propaganda" that could be accessible to minors: below the updated logo appears a two-sentence section of the Olympic charter that reads, in part, "The practice of sport...
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Hamid Karzai's Vilification OfTHANKS to its bewildering president, Afghanistan has seen relations with the United States plunge to new lows just two months before a presidential election. If Hamid Karzai cannot reach an agreement... with America for some troops to stay, then NATO is scheduled to pull out completely by the end of the year. Thus, though Mr Karzai will step down at the end of a possibly drawn-out process of choosing his successor, his unpredictability, and his desire to settle scores before going, threaten his country's interests far into the future. Confirmation of serious trouble came first in November, on the occasion of a loya jirga, a grand assembly of 2,500 community leaders and tribal elders. The meeting was convened to approve a bilateral security agreement (BSA) with America that will allow a small...
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Health Minister Aaron Motsoaledi minister clashed with body over 'genocide' campaign
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High-End Expands on East 86th Street

Wall Street Journal - 7 Feb 2014 06:19
New residential and retail developments--as well as the push from luxury retailers settling in on Madison Avenue near 86th Street--are helping transform the area.
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The company also in consortium with Limak of Turkey and state-owned BHEL has emerged as the lowest bidder for the 1,000 MW Pakal DUL Hydroelectric Project.
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Teclo giants in court over ads

ABC News - 7 Feb 2014 06:18
The telecommunications giant Telstra has taken legal action against its main rival Optus, over its latest advertisement mobile phone campaign.
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Asian shares stabilise

IOL - 7 Feb 2014 06:16
Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong night on Wall Street.
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American stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy.
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Dollar pinned in Asian trade

IOL - 7 Feb 2014 06:15
The dollar moved narrowly in cautious trade in Asia on Friday.
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News Corp has reported second-quarter earnings that exceeded Wall Street forecasts.
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LinkedIn posts solid 4Q numbers

IOL - 7 Feb 2014 06:15
The online professional networking service LinkedIn finished 2013 with a solid financial performance.
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Sensex trades 120 pointsThe BSE healthcare index rose 1.18% to be the biggest gainer
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AOL's Armstrong beating Mayer in ad sales

New York Post - 7 Feb 2014 06:09
AOL's Armstrong beating MayerWhile Yahoo! chief Marissa Mayer has done a great job winning over the media, it's her fellow Google alum, AOL boss Tim Armstrong, who's doing the better job of winning...
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CYBER EXPERT: The Story Of AOn Wednesday, NBC News' reporter Richard Engel gave a jarring report of just how bad the problem of hackers is in Sochi, reporting that his phone was hijacked "before we even finished our coffee." The... report was pretty scary, but the technical details simply aren't adding up, according to cyber security researchers. In one of the most incredible moments of his report, Engel's smartphone seemingly downloads a piece of malicious software that "hijacks" his phone. But there are a number of holes, as Robert Graham lays out on his blog at Errata Security: They aren't actually in Sochi (they are in Moscow). The "hack" happens because of the websites they visit (Olympic themed websites), not their physical location. The results would've been the same in America. The phone didn't "get" hacked;...
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Investors Arm for Imminent Tremors

Wall Street Journal - 7 Feb 2014 06:08
For the past 10 days, options investors have paid more to protect themselves against volatile share-price moves in the coming weeks than to guard against swings a few months from now.
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This Pussy Riot Snowboard IsOn the first day of Olympic competition, Russian snowboarder Alexey Sobolev used a snowboard that's an apparent homage to the punk band Pussy Riot. Three members of the band were jailed in 2012 for... performing a song called "Punk Prayer" in a Moscow cathedral amidst anti-Putin demonstrations. They've since become a protest symbol for Putin detractors. Sobolev's board, which he used in qualification for the slopestyle event, featured an image of a woman in a ski mask, the band's signature. He didn't say whether it was a protest or not, telling the AP, "I wasn't the person who designed it." But, rather cryptically, he told R-Sport, "Anything is possible." It looks like a Pussy Riot allusion: Wow, Russische (!) snowboarder Alexei Sobolev komt naar Sotsji met een Pussy Riot-board....
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Markets open higher tracking positive global cues

Business Standard - 7 Feb 2014 06:05
The 30-share Sensex was up 135 points at 20.445 and the 50-share Nifty was up 40 points at 6,076.
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Beverage company Bickford's has been given $2.4 million to set up a spirits distillery in the Riverland.
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LAS VEGAS, Nev. - A Canadian real-estate businessman and gambling high-roller is sought in Nevada on charges that he failed to repay $12.9 million in debts to two Las Vegas-area casinos more than five... years ago, authorities said Thursday. Semion Kronenfeld, 43, was named in an arrest warrant issued after a grand jury charged him in a 12-count indictment with felony theft, bad cheques and obtaining money under false pretenses. The case is among the largest casino debt cases to reach court in Nevada. If he's convicted, Kronenfeld could face decades in state prison. Kronenfeld's lawyer in Las Vegas, Craig Mueller, didn't immediately respond Thursday to messages seeking comment. Prosecutor Jake Merback, head of the Clark County district attorney's office bad cheque unit, said it wasn't clear...
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Aurobindo Pharma hits new high on robust Q3 earnings

Business Standard - 7 Feb 2014 05:57
The stock has rallied 6% to Rs 525 on reporting over four-fold jumped in consolidated net profit at Rs 417 crore for Q3FY14.
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The Truth About Real Time Marketing

Forbes - 7 Feb 2014 05:57
As I settled down to watch the first night of the 2014 Winter Olympics--like most nerds who work in social media--I had Twitter pulled up on my second screen pulled. That's when I happened upon this... tweet from Clorox. Perfectly timed to coincide with the Olympic games, it mocked the toilet situation in Sochi with a branded image. Immediately, the post picked up 25 retweets--and every single one of those was from someone in marketing.
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Americans RenouncingAmericans Giving Up Their Citizenship Has Ballooned to an All-time High.
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The Real Time Marketing Myth

Forbes - 7 Feb 2014 05:57
As I settled down to watch the first night of the 2014 Winter Olympics--like most nerds who work in social media--I had Twitter pulled up on my second screen pulled. That's when I happened upon this... tweet from Clorox. Perfectly timed to coincide with the Olympic games, it mocked the toilet situation in Sochi with a branded image. Immediately, the post picked up 25 retweets--and every single one of those was from someone in marketing.
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Cold weather is another reason 'your mileage may vary'
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As India hosts the world's second largest automobile trade show, its domestic market seems to be having some difficulty getting out of first gear.
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Long-distance bus operators seek to prevent passenger rail agency from replacing lease agreements with payment system that will increase costs
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Benefits of tourism should be distributed to other nodes of city beyond Sandton, according to director of tourism and economic development
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Rupee opens higher at 62.31 per dollar

livemint.com - 7 Feb 2014 05:53
Rupee opens higher at 62.31The partially convertible rupee opens at 62.31 per dollar compared with its previous close of 62.39
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China's January HSBC servicesThe HSBC services PMI retreated to 50.7 in January, a low last seen in August 2011
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NY's top regulator halts Ocwen-Wells Fargo deal

New York Post - 7 Feb 2014 05:52
NY's top regulator haltsNew York's top financial regulator has dumped cold water on the mortgage-servicing industry's consolidation fever. Benjamin Lawsky's Department of Financial Services on Thursday stopped Ocwen... Financial from completing its acquisition...
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Solar water pumps wean IndianThe government is looking to swap 26 mn groundwater pumps for more efficient irrigation models powered by the Sun
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India's iron ore export taxThe main attraction of Stemcor's assets for the steelmakers are its iron ore mines, especially as mining bans and restrictions in the key producing states of Goa and Karnataka have slashed domestic... supplies.
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Twitter Q4 Earnings ReportNEW YORK -- Twitter beat Wall Street's earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more - including faster user growth - and the... company's stock dipped as much as 12 per cent in after-hours trading Wednesday. Twitter reported a loss of $511 million, or $1.41 per share, in the October-December quarter. That compares with a loss of $8.7 million, or 7 cents per share, a year earlier. Adjusted earnings were 2 cents per share. Twitter's revenue more than doubled to $243 million from $112 million. Analysts, on average, had expected an adjusted loss of 2 cents per share and revenue of $218.1 million, according to FactSet. Twitter ended the quarter with 241 million monthly users, up 30 per cent from a year earlier. That's slightly...
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Tasmania has led the country in retail growth in the 12 months to December. The Australian Bureau of Statistics has released its retail trade figures for the month of December, showing Tasmania was a... standout compared with other states and the territories. Growth in December topped 1.8 per cent.
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Samsung antitrust probe finished

USA Today - 7 Feb 2014 05:43
The investigation of Samsung Electronics over alleged misuse of patents closed, says Justice Department.
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Hawaii weighs lifting taxes on groceries, rent

Miami Herald - 7 Feb 2014 05:38
Hawaii would exempt groceries and medical services from its general excise tax if bills advancing through the Legislature become law.
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Improving economy encourages many consumers to take on more debt, especially auto and student loans.
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A legislative committee advanced a bill Thursday allowing municipalities to ban the use of cellphones while driving in a school zone or on school property.
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Martoma faces loss of home, millions in forfeiture
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Iron ore export tax weighs on Stemcor's asset sale

Business Standard - 7 Feb 2014 05:32
A new Indian export tax on iron ore pellets is weighing on the sale of the local assets of indebted British steel trader Stemcor, with at least one bidder saying the deal was now less lucrative than... they had initially expected.
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FTQ terminates Yvon Bolduc,It was out with the old and in with the older Thursday at the FTQ Solidarity Fund.
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The services sector in China expanded in January at its weakest pace since August 2011 after companies achieved a smaller volume of new business, a private survey has revealed. The new data adds to... mounting indications of easing in the world's second-largest economy. The HSBC/Markit Services Purchasing Managers' Index (PMI) dropped to 50.7 in January, a low last seen two and half years ago. However, the findings are above the 50-point level that separates growth and contraction. The PMI in December was 50.9.
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(Reuter) - Notch up another one in favor of the government in a crackdown on Wall Street. Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund,... was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. history. A federal jury in New York found Martoma guilty on all three of the conspiracy and securities fraud charges that he faced, over a scheme that allowed SAC Capital to make profits and avoid losses of $275 million.
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Could firm up SodaStream's pricing.
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Air Chief Marshal Angus Houston is the new chair of the Defence SA Advisory Board, taking over from General Peter Cosgrove.
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Google makes statement aboutWith the Winter Games underway in Sochi, Google Inc. quietly but vibrantly added its voice Thursday to the chorus of U.S. companies speaking out against Russia's law restricting gay-rights activities... by updating its iconic search page logo to depict illustrations of athletes skiing, sledding, curling and skating against a rainbow-colored backdrop.
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Success in Business Comes WhenI often hear the popular notion that successful entrepreneurs are built from a single heroic insight or a single innovation. This is just plain wrong. The business world is a symphony of players and... elements that only works when everything interconnects harmoniously. Continuous innovation and continuous learning are required for any sustained connection and success.
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Billionaire Larry Ellison HasLarry Ellison has huge, impressive plans for the Hawaiian island of Lanai, which he bought in 2012. It will become "a laboratory for building the next generation two-way power grid, which will be a... mix of photo-tech (solar), with a little bit of wind with a backup of liquefied natural gas," he told attendees at an event in Las Vegas Thursday evening. The island is a "special case" that can be used "to demonstrate that green energy can be economical," he explained. Ellison is CEO of Oracle and the event was held to talk about the company's HR cloud software. But in the Q&A session, he invited the audience to ask him "anything," and that was a part of the evening that he clearly relished. An Oracle employee and Hawaiian native stood up and asked about his long-term plans for Lanai. Since...
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With the Winter Games underway in Sochi, Google Inc. quietly but vibrantly added its voice Thursday to the chorus of U.S. companies speaking out against Russia's law restricting gay-rights... activities…
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India to streamline visa system

ABC News - 7 Feb 2014 05:13
Tourists from 180 countries will no longer have to queue at Indian consulates to obtain visas after New Delhi announced an overhaul of its border controls.
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The Obama administration is temporarily waiving sanctions on Iran's state broadcaster, a senior Obama administration official said late Thursday. The move could be seen as a confidence-building... measure as the U.S., Iran and five other world powers prepare to open talks this month on a final agreement on Iran's disputed nuclear program.
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Ackman naming names in new attack on Herbalife

New York Post - 7 Feb 2014 05:08
Ackman naming names in newBill Ackman continues to name names. The hedge-fund activist called out a second high-level Herbalife distributor on Thursday for alleged actions he claims create the company's pyramid scheme. The... distributor,...
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Tim Cook Has A SomewhatTim Cook gave an extended interview to the Wall Street Journal's Daisuke Wakabayashi. During the interview, he was asked again about Apple entering new product categories this year.  On Apple's last... earnings call, Cook was asked if Apple was doing new product categories this year, and he said, "Absolutely." Wakabayashi tried to get more clarity on what that really means, Cook's answer ended up clouding the issue further. At first he said, "There will be new categories. We're not ready to talk about it, but we're working on some really great stuff." When he was pressed on whether that means new iterations of the iPad, or entirely new stuff that doesn't exist at all, Cook declined to comment. He just said that any "reasonable" person would consider what Apple is working on to be a new...
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The early indicator, SGX Nifty was up 47 points at 6,102 at 08:25 AM.
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Feds' focus will now go back to Cohen: lawyer

New York Post - 7 Feb 2014 05:01
Feds' focus will now go backThe conviction of Mathew Martoma will likely reinvigorate the government's probe on hedge-fund mogul Steve Cohen, a lawyer familiar with the billionaire's fund told The Post. Martoma, a former... portfolio...
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Luxury Homes in Little Packages

Wall Street Journal - 7 Feb 2014 05:01
Some high-end homeowners are shaving square footage off of their new homes. But nobody will accuse them of skimping on amenities.
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Woodside set to take stake in Leviathan JV

The West Australian - 7 Feb 2014 04:54
Woodside set to take stake inWoodside Petroleum is set to take a 25 percent stake in the Leviathan gas project in Israel.
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Palmer rebuked for 'inflammatory language'

The Australian - 7 Feb 2014 04:54
Palmer rebuked forANDREW Robb has warned an outburst by Clive Palmer could deter foreign investors.
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(Reuters) - Apple Inc has repurchased $14 billion worth of its stock in the last two weeks after disappointing first-quarter results, the Wall Street Journal reported quoting Chief Executive Tim Cook.
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Apple buys back $14 billion of(Reuters) - Apple Inc has repurchased $14 billion worth of its stock in the last two weeks after disappointing first-quarter results, the Wall Street Journal reported quoting Chief Executive Tim... Cook....
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Reed's Meekatharra sale falls through

The West Australian - 7 Feb 2014 04:50
Administrators for Reed Resources' Meekatharra gold project have been forced back to the drawing board after a preferred bidder for the asset had its financing pulled.
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Oz coffee - a true-brew opportunity

The West Australian - 7 Feb 2014 04:50
Oz coffee - a true-brewAustralia's small coffee growing industry hopes to capture the tastebuds of our coffee-obsessed nation, in the face of some hefty foreign competition.
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DJs looks to redevelop Sydney property

Sky News - 7 Feb 2014 04:49
David Jones has taken a step towards a potential new development above one of its flagship Sydney CBD stores     
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App data says house, car spending is up

Sky News - 7 Feb 2014 04:47
A new app has shown people spend more on their homes and cars at the expense of travel and entertainment.     
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SAA, Virgin Australia enterSouth African Airways entered into an agreement with Virgin Australia that would see the airline expand its access in the country, it said on Thursday.
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Aurora shares soar on takeover bid

The West Australian - 7 Feb 2014 04:47
Aurora shares soar on takeoverShares in Aurora Oil and Gas are up by 56 per cent after Canadian oil company Baytex Energy launched a $1.8 billion takeover bid.
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Push Begins to Jumpstart Mitchell-Lama

Wall Street Journal - 7 Feb 2014 04:46
A powerful group of state Democrats plans to unveil on Friday a $750 million plan to build new middle-income housing, an effort to revive the 1950s-era Mitchell Lama program.
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Economic growth to pick up in 2014 - RBA

The West Australian - 7 Feb 2014 04:46
Economic growth to pick up inAustralia's economic growth is expected to pick up pace in the coming years, thanks to stronger activity in the non-mining sectors, the RBA says.
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Sony selling PC division

CNN - 7 Feb 2014 04:41
Sony has announced it will be selling off it's PC division after disappointing earnings. CNN's Christine Romans reports.
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India next big auto market?

CNN - 7 Feb 2014 04:40
Car makers have set their sites on India as the Delhi Auto Expo kicks off. CNN's Maggie Lake has more.
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RBA revises away Hockey's pain

Sydney Morning Herald - 7 Feb 2014 04:40
RBA revises away Hockey's painThe Federal Government's budget outlook has just been substantially changed by the Reserve Bank of Australia.     
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Opening Bell 7 February |Asian markets were trading mixed after activity in China's services sector slowed
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Many wealthy, successful Americans regale us with stories of how they worked their rears off to get to where they are. Living proof, they say, that hard work can propel you to heights you cannot... imagine.
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Chili to save Zambia's elephants?

CNN - 7 Feb 2014 04:37
Resolving domestic disputes between elephants and humans is an age old problem, but one not-for-profit organization based in Zambia thinks it may have a solution.
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Brent rises on strong euro,Brent crude oil ended nearly a dollar higher on Thursday, supported by a stronger euro, French port closures and tighter supplies from the North Sea
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Options open on Market St: DJs

The Australian - 7 Feb 2014 04:31
Options open on Market St: DJsDAVID Jones has sought approval for the development of its iconic Market St store in the heart of Sydney's CBD.
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Options open on Market St: DJs

The Australian - 7 Feb 2014 04:31
Options open on Market St: DJsDAVID Jones has sought approval for the development of its iconic Market St store in the heart of Sydney's CBD.
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Markets Live: Rally stalls ahead of US jobs

Sydney Morning Herald - 7 Feb 2014 04:28
Markets Live: Rally stallsLocal stocks are extending yesterday's rally, as the global mood brightens, but investors remain wary ahead of tonight's key US jobs data.     
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Markets Live: Dollar yo-yos on RBA

Sydney Morning Herald - 7 Feb 2014 04:28
Markets Live: Dollar yo-yos onLocal stocks are extending yesterday's rally, as the global mood brightens, but investors remain wary ahead of tonight's key US jobs data.     
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More police departments opt for SUVs instead of cars for patrolling
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Google makes a run at Exxon for No. 2 valuable company, narrows gap with Apple.
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Asian shares stabilise afterUS initial jobless claims raise hopes ahead of payrolls; Asian shares seen extending bounce on Thursday
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Pentagon To Boost MissileBy Andrea Shalal-Esa WASHINGTON, Feb 6
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Hong Kong stocks open 0.35% higher

Sky News - 7 Feb 2014 04:16
Hong Kong shares rose 0.35 per cent in opening exchanges, adding to the previous day's gains.     
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Apple Bought $14 Billion WorthApple has made a $14 billion acquisition ... of itself.  CEO Tim Cook tells Daisuke Wakabayashi of Wall Street Journal that over the past two weeks, Apple has purchased $14 billion, or roughly 3%, of... its own shares.  Cook says he was "surprised" by the drop in Apple's stock after its earnings, and he wanted to be "aggressive" and "opportunistic" with the buybacks. Cook said this buyback "means that we are really confident on what we are doing and what we plan to do." In general, big share buybacks like this send a signal that a company believes it's underpriced.  Anonymous Apple analyst Sammy The Walrus IV pointed out on Twitter that this is the equivalent of Apple buying, "four Nests and a Motorola." Wakabayashi asked Cook if this was a sign Apple would shy away from making big...
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Optus told to stop running network ads

The Australian - 7 Feb 2014 04:14
Optus told to stop runningTELSTRA and Optus will go head-to-head in court next week over allegations Optus ads promoting its mobile network are misleading and deceptive.
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Buru ships first oil from Wyndham

The West Australian - 7 Feb 2014 04:13
Buru ships first oil fromShares up as company heralded first shipment of crude oil from its Ungani project.
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50,000 texts handed over in Maine divorce case

Miami Herald - 7 Feb 2014 04:13
A Maine supreme court justice says a cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place.
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Aust building industry slumps

Sky News - 7 Feb 2014 04:12
Australia's building industry has slumped back into contraction following a fall in new orders.     
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Private-Equity Firms Tap Vein of Cash

Wall Street Journal - 7 Feb 2014 04:11
Strong investor appetite for high-yielding bonds and IPOs has enabled private-equity-owned companies to issue a new type of debt that can be repaid early if the borrower goes public.
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50,000 texts handed over in Maine divorce case

News Observer - 7 Feb 2014 04:09
A Maine supreme court justice says a cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place.
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$A weaker on RBA monetary policy

Sky News - 7 Feb 2014 04:06
The Australian dollar is weaker after initially rising on the central bank's monetary policy statement.     
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There's no other apartment like DJs

Sydney Morning Herald - 7 Feb 2014 03:59
There's no other apartmentDavid Jones is looking to get a foothold into the booming city residential property sector, lodging a preliminary development submission for its Market Street, Sydney property.     
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A job market that is far weaker than official statistics show and subdued inflation should make the Federal Reserve policy makers wary of withdrawing stimulus measures from the economy, said Eric S.... Rosengren, president of the Federal Reserve Bank of Boston.     
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A person familiar with the negotiations tells The Associated Press that reliever Fernando Rodney and the Seattle Mariners have agreed to a $14 million, two-year contract.
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Proposed amendment seeks to protect dividends

Miami Herald - 7 Feb 2014 03:58
Proposed amendment seeks toA proposal by House Democrats to provide constitutional protection for the annual checks Alaskans receive for their share of state's oil wealth got a cool response Thursday from some majority members,... who worried it could limit lawmakers' options if the state falls on tough financial times.
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Retirement: How often should I rebalance?

USA Today - 7 Feb 2014 03:57
Rebalancing too often can hurt returns and be sure to take taxes and fees into account.
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Attack on electric grid raises alarm

L.A. Times - 7 Feb 2014 03:55
Attack on electric grid raisesDamage to power station in shooting last year prompts worries over terrorism.Shooters armed with assault rifles and some knowledge of electrical utilities have prompted new worries on the... vulnerability of California's vast power grid.     
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The company earned $3.8 million, or 3 cents a share, down 67 percent from $11.5 million, or 10 cents a share, a year earlier.     
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NEW YORK (AP) -- A lawsuit challenging the security plan for the World Trade Center was dismissed Thursday, as a judge rejected nearby residents' arguments that a system of barriers would burden their... neighborhood with fortress-like security.     
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50,000 texts handed over in Maine divorce case

Miami Herald - 7 Feb 2014 03:53
A cellphone company turned over more than 50,000 text messages in a divorce case in which a protection order was in place, violating federal privacy law, a state supreme court justice concluded.
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The changes require that the companies meet so-called good manufacturing practices, which include testing for contamination from pathogens.     
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Price of your coffee to rise:A drought has hit supplies of the prized beans, particularly the high quality Arabica, with the result Britons could face higher prices for their daily pick-me-up.
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U.S. lawmakers reach accord onLawmakers must find about $150 billion to pay for the proposal, which would replace a widely criticized system that limited annual increases in physicians' reimbursements. WASHINGTON — In a rare... bipartisan agreement, congressional leaders have settled on a plan to fix Medicare's system for paying physicians, potentially ending years of uncertainty that often held up fees for doctors who care for the nation's senior citizens.     
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Ten former Racing Queensland officials have been referred to the Australian Securities and Investments Commission after an inquiry into the management of the industry.
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Long-Haul Expansion by aAmerican labor groups, airlines and pilots say Norwegian Air Shuttle's expansion plans take unfair advantage of a U.S.-Europe open-skies agreement.     
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McCrory demands Duke fix leaking ash pond

News Observer - 7 Feb 2014 03:43
Gov. Pat McCrory demanded Thursday that Duke Energy, his former employer, control a coal ash pond spill that has leaked contaminants into the Dan River for five days.
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Ride-sharing firm Lyft says itThe move comes after state regulators complained that there could be holes in the coverage that Lyft and its competitors provide.SACRAMENTO — Ride-sharing company Lyft is improving its insurance... coverage for drivers and passengers after state regulators complained that there could be holes in the coverage that Lyft and its competitors provide.     
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PANAMA CITY
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Oregon Senate considersThe husband of former Arizona congresswoman Gabrielle Giffords, Mark Kelly, appeared before Oregon legislators on Thursday to speak in favor of expanded background checks for gun sales, as Republicans... contended the Democrat-proposed legislation is "political posturing" as Oregon's May primary nears.
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LinkedIn slumps 15% on weakShares of professional networking service LinkedIn fall by as much as 15% after it posts a weaker-than-expected outlook.
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Economic growth to pick up in 2014 - RBA

Daily Telegraph - 7 Feb 2014 03:30
Economic growth to pick up inAUSTRALIA'S economic growth is expected to pick up pace in the coming years, thanks to stronger activity in the non-mining sectors, the RBA says.
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Advertising: Fingers Crossed,Spending an estimated $1 billion to sponsor and advertise during the Olympics in Sochi, Russia, marketers hope that multiple issues threatening to overshadow the Games won't repel consumers.     
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LOS ANGELES (AP) -- Californians were urged to voluntarily cut their electricity use Thursday in a rare mid-winter conservation alert, after frigid weather across the U.S. and Canada caused a shortage... of natural gas at Southern California power plants.     
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Waxman says he's stillThe congressman says a meeting with Tribune executives fails to ease his worries that the L.A. Times and other papers would be hobbled financially after the spinoff.WASHINGTON — Rep. Henry A.... Waxman, after a 30-minute meeting with Tribune Co. Chief Executive Peter Liguori, said he still was concerned about the company's plans to spin off the Los Angeles Times and seven other newspapers into a separate unit.     
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Chile, Peru And The ICJ: A Line In The Sea

Business Insider - 7 Feb 2014 03:22
Chile, Peru And The ICJ: AHere’s a grown-up way to settle a long-standing border dispute FOR more than a century, Peru’s collective psyche has been scarred by its defeat in the War of the Pacific of 1879-83 and Chile’s... subsequent stalling in implementing the terms of a peace treaty. So when Peru’s government asked the International Court of Justice (ICJ) in The Hague to redraw the maritime boundary between the two countries, many Peruvians saw a chance to heal wounded national pride. In its long-awaited ruling on January 27th the court duly awarded Peru control of some 50,000 sq km of ocean but confirmed Chile’s hold over inshore waters rich in fish. The decision was arbitrary but broadly fair--less than Peru had hoped for, but less bad than Chile had feared. It offers both countries a chance to move on...
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Bleak outlook for jobs this year

Daily Telegraph - 7 Feb 2014 03:21
Bleak outlook for jobs thisTHE latest statement from the RBA provides a bleak outlook for workers, with unemployment expected to rise this year.
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What Customer Service ShouldWant to improve customer service in your business? Braintree and Rackspace are two companies that understand how it should be done.
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Skating Close to the Edge, Again, on the Debt Ceiling

The New York Times - 7 Feb 2014 03:18
There's less congressional appetite for brinkmanship this time, but the government has only a few weeks' worth of cash left.     
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Norwegian Getaway brings MiamiNorwegian Cruise Line brought its latest ship to Miami Thursday, with plans to christen the South Florida-themed vessel Friday.
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'Special Excess': The SecretForget about the NSA and the phone networks. There's another secret network you should know about. I call it "special excess," though it's known in the telecom industry as "special access." You won't... hear about these secret wires. For example, when AT&T and Verizon tell us they are losing lines, the special access wires are not part of the accounting, even though they represent the majority of access lines in America. Or when you hear that local service is losing money, the secret is that much of the revenues from these "special" networks are not being added to that calculation and are hidden from sight. Some analysts estimate that they are overcharging the competitors and businesses that use these networks by more than $12 billion annually. Or worse, this network has obscene profit...
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There's A Big Debate OverFollowing a 28% rise to all-time highs in 2013, the S&P 500 has fallen 4% in 2014. Naturally, everyone wants to know what is driving the sell-off. Ian Lyngen, a senior government bond strategist at... CRT Capital, relays the results of a survey of clients conducted this week that sought to answer this question. Respondents were pretty split in their views. "Our special questions asked if the recent risk sell-off vs. Treasury rally was a short-term profit-taking event or more thematic," says Lyngen. "40% said profit-taking with the balance, 60%, saying thematic." The chart shows what themes respondents perceive to be at work in the marketplace. "When asked what themes were at hand, we got the most votes for weakness in global markets — EM and China specifically cited — with 36% of the...
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MONTPELIER, Vt. (AP) -- More than 200 Vermonters gathered at the Statehouse on Thursday to tell two Vermont Senate committees they want food containing genetically modified products to be labeled as... such.     
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AOL boss blames sick babies for losing millions

Daily Telegraph - 7 Feb 2014 03:15
AOL boss blames sick babiesWHAT a dreamboat. First he fires someone on a conference call now the AOL boss has blamed the company's losses on "distressed babies" of two employees.
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PayPal Wants To Save You TheNeed a little help this Valentine's Day? Don't worry; PayPal has your back.  The site is offering a free poem service just in time for the holiday, no creativity required on your part. You can chat... with a poet to give him or her a little information about yourself — poets are available to chat from 8 a.m. until 8 p.m. PT. Or if it's after hours (or you just don't feel like chatting), you can fill out a form with your name, email address, and a few tidbits about you and your loved one, to give the poet a frame of reference. When you're done, you can tip your poet, using a credit card or, of course, your PayPal account. All the tips go directly to one of the 12 poets who helped you out. And that's it! Your poem should arrive 24 to 48 hours later. If you're in the Bay Area, the poets will...
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Caribbean Islands Agree toSeveral countries signed a pact to start replacing diesel generators, the most common means of producing electricity on islands, with other sources.     
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The 10 people that control the global economy

Daily Telegraph - 7 Feb 2014 03:10
The 10 people that control theTHEY sit on the other side of the world and you've probably never heard of then, but a tiny group are controlling your financial future. And things could be about to get messy.
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Paying car registrationUnless you are on the DMV website, you could face a significantly higher total from firms licensed by the DMV to provide the same online services but with fees attached.Chester Specht recently went... online to renew his car registration. He Googled "DMV renewal" and clicked on the top listing.     
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Vt. GMO bill gets showing of public support

Miami Herald - 7 Feb 2014 03:07
More than 200 Vermonters gathered at the Statehouse on Thursday to tell two Vermont Senate committees they want food containing genetically modified products to be labeled as such.
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California ski resorts slogSnowpack levels are about 15% of the season average. To draw skiers and snowboarders to the slopes, some resorts are offering two-for-one ticket deals and $1 beers.While the East Coast braces for... another series of frigid storms, California ski resort operators are cursing Mother Nature for a winter of unseasonably warm temperatures and persistent blue skies.     
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At Home With a Black-Diamond View

Wall Street Journal - 7 Feb 2014 03:04
When the Olympic skier Steve Mahre remarried, he decided to build his own home on a bluff in Washington state; he bought a Caterpillar, drafted his family to help and poured the savings into deluxe... materials
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RBA unsure on reasons for inflation rise

Sky News - 7 Feb 2014 03:04
The RBA is satisfied that inflation in on track and will be consistent over the coming few years.     
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A steep rise in the Reserve Bank's inflation forecasts to above its target range is the clear reason its board shifted decisively away from further rate cuts at Tuesday's meeting. The change in the... RBA's expectations come in response to a surprise lift in the official December quarter inflation numbers released a fortnight ago. The RBA cites the fall in the Australian dollar as one factor driving consumer prices higher at an uncomfortably fast pace.
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RBA warns inflation could top 3pc

The Australian - 7 Feb 2014 03:01
RBA warns inflation could topTHE Reserve Bank has warned inflation could breach its target band by mid-year, reducing the likelihood of further interest rate cuts.
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Sony to sell PC division, spinSony's restructuring move involving Vaio computers surprises some analysts. The firm plans to accelerate its shift to high-end TV models.Sony Corp., a struggling electronics maker trying to regain its... once stalwart status, is undertaking a major restructuring that includes the sale of its PC division, a spinoff of its TV business and layoffs of thousands of employees.     
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OBAMA: Putin's Tough Guy ActUS President Barack Obama said Thursday that Vladimir Putin's bored, tough guy act was just a 'shtick' designed to boost his domestic political image. Obama and his Russian counterpart have become... known for stilted photo ops during bilateral meetings at various global summits, in which they stare straight ahead and share little warmth or sympathetic body language. But Obama said in excerpts of an interview with NBC, timed to coincide with the start of the Sochi Olympics, that appearances can be deceptive. He denied his relationship with his Russian president was "icy." "The truth of the matter is that when we are in meetings there are a lot of exchanges, there's a surprising amount of humor, and a lot of give and take," Obama said in the excerpts due to air later Thursday. "He's always...
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GLENVIEW, Ill. (AP) -- Illinois Tool Works is selling its packaging division to The Carlyle Group for $3.2 billion and plans to use the money to buy back shares.     
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Just two days after it was launched, a bully proves the need for such campaigns
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A complete ban on children in tanning beds won initial approval Thursday in the Colorado Legislature, where a House committee voted 6-5 to support a bill that would bar anyone under 18 from using the... devices.
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Why Are The Sochi Olympics TheEven before the start of the 2014 Winter Olympics, records were falling in Sochi. The Games will be the most expensive in history, projected to come in at a whopping 50 billion dollars -- 4 times more... than Russian President Vladimir Putin's original proposed price. To put the astronomical spending into perspective, the Russian Olympics could cost more than all the previous winter Olympics -- combined. Watch Vice news reporter Simon Ostrovsky go into Sochi to explore why these games are so outrageously expensive. "In Russia, corruption isn't really a side effect of big spending projects, it's the reason," Ostrovsky said. "So the Olympics are actually just a side effect of the corruption." Between the new infrastructures, venues, roads, the most expensive ski jump in the world, the biggest...
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Joe Biden Thinks LaGuardiaVice President Joe Biden isn't happy with the state of American infrastructure. While giving a speech on the topic in Philadelphia, Biden said that New York's LaGuardia Airport is like a "third world... country" compared to more-modern airports such as Hong Kong International. "If I blindfolded someone and took him at two o'clock in the morning into the airport in Hong Kong and said, 'where do you think you are?'" the person would say "'This must be America, it's a modern airport.'" With that same scenario presented but at LaGuardia, Biden said the person would think "'I must be in some third-world country.'" Much of the focus of Biden's speech was on Amtrak, but his comments on LaGuardia came as he also stressed the importance of upgrading the nation's ports and airports, AP reports. NBC New...
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Builders Show Off New Products

Wall Street Journal - 7 Feb 2014 02:44
Hundreds of new products were on display this week at the annual International Builders' Show in Las Vegas
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Ex-lawmaker has no proof of allegations to FBI

Miami Herald - 7 Feb 2014 02:43
A former legislator who reported Oregon's troubled health exchange to the FBI in 2012 says he has no proof of the allegations that federal officials were intentionally misled about progress in setting... up the exchange.
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Economic growth to pick up in 2014

Sky News - 7 Feb 2014 02:40
Australia's economic growth is expected to pick up pace this year thanks to a lower exchange rate.     
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Cereal falls off the breakfast table

Globe and Mail - 7 Feb 2014 02:36
The maker of Rice Krispies and Corn Flakes is losing customers to foods deemed healthier, more convenient
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How Heenan's dissolution may play out

Globe and Mail - 7 Feb 2014 02:36
Partners are likely to lose a significant portion of their capital
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Tokyo stocks open up 1.64%

Sky News - 7 Feb 2014 02:35
Tokyo stocks opened 1.64 per cent higher buoyed by gains on Wall Street and the dollar's rise.     
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US Export-Import Bank opens to Myanmar

Sky News - 7 Feb 2014 02:35
The US Export-Import Bank says it will start offering credit for trade with Myanmar.     
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After Selling His FirstEduardo Vivas is on a roll. On Thursday, LinkedIn announced that it was acquiring his startup, Bright.com, for $120 million. That would make Bright LinkedIn's biggest-ever acquisition, edging out... Slideshare, which LinkedIn bought for $119 million in 2012. For Vivas, it's a two-in-a-row home run, according to his bio on Bright.com. His previous startup, Social Hour, was bought in 2012 for $51.5 million by mobile game network PlayPhone, VentureBeat's Dean Takahashi reported at the time. Vivas had left Social Hour before the acquisition, in 2011, to start Bright.com with another serial founder, Steve Goodman. (Goodman founded PacketTrap, acquired by Quest Software; Lasso Logic acquired by SonicWALL – both now part of Dell; and Learning Productions acquired by SkillSoft.) We've reached out...
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In His Best Light

Wall Street Journal - 7 Feb 2014 02:31
Interior designer Jaime Beriestain skillfully uses lighting to set a mood in a space; his work has attracted clients as diverse as hotels and a rock star to his Barcelona-based office.
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Where to buy and make a profit

Daily Telegraph - 7 Feb 2014 02:30
Where to buy and make a profitWANT to pick a suburb where you have the best chance of making a profit?
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The 25 Most Iconic WinterEvery four years, the Winter Olympics come around to give athletes all over the world a chance at sporting glory. Throughout the years, audiences have seen not only incredible athletic feats, but more... than a few mishaps, scandals, and tragedies.  From the inspiring story of the 1988 Jamaican bobsled team (which inspired the film, "Cool Runnings) to the U.S.' "Forgotten Miracle" hockey win over Canada in the 1960 games, there's been no shortage of drama. With the 2014 Sochi Winter Olympics set to take off in the coming weeks, we take a look back at the iconic Olympic moments that have come before it.  The first Winter Olympics were held in Chamonix, France in 1924. This is the U.S. team during the opening ceremonies.   Eleven-year-old Sonja Henie stands with world champion figure skater...
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Charles Schwab Corp. said Thursday it is planning to move about 1,000 jobs out of San Francisco over the next three to five years.     
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News Corp profits down 4 per cent

ABC News - 7 Feb 2014 02:25
Rupert Murdoch's News Corp reports a 4 per cent slide in second-quarter revenue as newspaper advertising declines.
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News Corp profits beat estimates

BBC - 7 Feb 2014 02:23
News Corp profits beatRupert Murdoch's News Corp posts better-than-expected profits, even as advertising revenues continue to fall at its newspaper businesses.
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5 Truths About Housing CostsThe Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed... homes and therefore show what's really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here's the scoop on where prices and rents are headed. Asking Prices Up 1.1% Month-over-Month in January In January, asking home prices rose 1.1% month-over-month, the largest monthly gain since June 2013. But the quarter-over-quarter price increase of 2.1% remains below spring 2013 levels, when asking prices accelerated at their fastest rate in the recovery. Year-over-year,...
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Google Takes Aim At Russia'sGoogle debuted its latest "doodle" on Thursday evening, just one day before the Sochi Olympics opening ceremonies, and the company seems to be taking a stand against Russia's anti-gay "propaganda"... law. Featuring silhouettes of athletes above the letters, the coloring is the same pattern as the rainbow gay-pride flag. Clicking the image takes you to the search result of "Olympic Charter." The main point the company wants to make, it seems, is being against discrimination. Below the search box, Google has this text taken from the Olympic Charter: "The practice of sport is a human right. Every individual must have the possibility of practicing sport, without discrimination of any kind and in the Olympic spirit, which requires mutual understanding with a spirit of friendship, solidarity and...
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Amcor acquisition falls through

Sky News - 7 Feb 2014 02:17
Packaging firm Amcor has been unsuccessful in its attempt to acquire some assets of Constar Holdings.     
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Las Vegas With No Strings Attached

Wall Street Journal - 7 Feb 2014 02:13
Ventriloquist Terry Fator used his earnings after his 'America's Got Talent' success to buy a 7,500-square-foot, Mediterranean-style home for $1.5 million; the property gives a sense of privacy and... the feel of a Hawaiian retreat.
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It is unclear what will happen to new positions in Tasmania's Environment Department if the forest peace deal is scrapped after next month's election. 42 Forestry Tasmania staff are now working for... Parks and Wildlife as part of a major restructure of the loss-making state-owned business. The department says forest peace deal funding is paying for the new field staff.
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Aurora shares soar after $1.84bn Baytex bid

The Australian - 7 Feb 2014 02:12
Aurora shares soar afterSHARES in Aurora Oil and Gas rose by more than 56cp after it received a $1.84bn takeover offer from Canada's Baytex Energy.
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Baytex offers $1.84bn for Aurora

The Australian - 7 Feb 2014 02:12
Baytex offers $1.84bn forAURORA Oil and Gas has received a $1.84 billion cash takeover offer from Canada's Baytex Energy.
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News Corp net falls due to year-earlier gain

Market Watch - 7 Feb 2014 02:11
News Corp's fiscal second-quarter earnings rise 9% even as revenue slips 4% on weaker income from advertising and subscriptions.
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Ford's decision to bring forward the axing of 300 jobs could signal the end of the car components industry.
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SAC trader guilty of insiderA former manager at SAC Capital, a major US hedge fund founded by billionaire Steven Cohen, is found guilty of insider trading.
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Bank slams customer in shocking letter

Daily Telegraph - 7 Feb 2014 02:07
Bank slams customer inSHE probably didn't sign up for personal insults along with her bank account, but that's what this customer got when she received a shocking letter in the post.
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Six ways to cope with annoying colleagues

Daily Telegraph - 7 Feb 2014 02:06
Six ways to cope with annoyingDO YOU work with someone annoying you wish was in another building? Don't get fired up, use one of these six ways to deal with an exasperating co-worker.
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A Bunch Of Lunatics AreMinnesota is probably the last place you would think of surfing, but a group of diehard surfers is making it happen on Lake Superior in the freezing winter, when the waves are biggest. Photographer... and Minnesota-native John Haynes captured the chilly scene last year and shared some photos here. Most surfers go out to Lake Superior to surf, two and half hours from Minneapolis. Picking which day to go is the trickiest part. In order for there to be good waves, there needs to be a very specific type of wind blowing, which usually happens around strong weather systems like snowstorms. The weather can be so unpredictable that surfers will see an ideal wind forecast the night before a trip and then wake up in the morning to find out that the wind changed and everything is calm. See the rest of...
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DIY apps and the rise ofDon't have the right software? Write your own!
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Bonds have done their defensive job as stocks have tumbled. This turnabout from 2013 is a stark reminder that your investment portfolio should never become overly dependent on the new, new thing.
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Lions Gate Entertainment Corp.'s holiday quarter results topped Wall Street forecasts, helped by the strong box office haul from "The Hunger Games: Catching Fire."
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The New Rules of the Hamptons

Wall Street Journal - 7 Feb 2014 02:01
These highly groomed, highly expensive Long Island villages are experiencing a sales boom that is transforming many areas--even those north of the highway.
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Painting in the skyline aboveHow New York's billboard artists are staging a comeback
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VIDEO: The revival ofHand-painted outdoor advertising is slowly appearing once again in the New York City landscape, as this labour-intensive craft skill has a renaissance.
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The best sentences we read today

Washington Post - 7 Feb 2014 02:00
-- "Deep in my heart, I hungered for a mahogany man-killer who would avenge me on the slopes and forever banish my Winter Olympics-induced shame." -- "Law & Order, in contrast with CSI, tends to give... a pretty realistic portrayal of our technological capabilities."
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Quarterback Russell Wilson said to his team: 'Why not us?' Leaders need to do the same
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Is your smartphone making you dimmer?

Globe and Mail - 7 Feb 2014 02:00
A study of late-night smartphone use suggests that employees are less productive and focused the following day
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5 Truths Of Tech-Hub Housing Costs

Forbes - 7 Feb 2014 02:00
5 Truths Of Tech-Hub HousingTrulia's Chief Economist Jed Kolko releases a special edition of Trulia’s Price and Rent Monitors which looks at affordability in housing markets with local tech industries. Prices today are 82%... higher in tech hubs than in other large metros, but most of this gap existed before the modern Internet era. Furthermore, housing markets differ radically among tech hubs: the most affordable, Raleigh, costs one-fifth as much as San Francisco and has ten times as much new housing construction.
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PARIS -- Sanofi, the French drug maker, said its earnings soared in the fourth quarter as lower restructuring costs offset a hefty charge related to one of its key multiple sclerosis treatments....     
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BOSTON (AP) -- The Massachusetts Senate has approved a bill that would make changes in the state's unemployment insurance system that supporters say will lower costs for businesses.     
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QantasLink to bid for Moree route

The Australian - 7 Feb 2014 01:57
QantasLink to bid for MoreeQANTASLINK will bid for the Moree-Sydney route left vacant by the collapse of Brindabella Airlines.
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Aust shares open higher

Sky News - 7 Feb 2014 01:56
Australian stocks have opened higher following strong gains on international markets overnight.     
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Economix Blog: What to Look For in Friday's Jobs Report

The New York Times - 7 Feb 2014 01:55
Economists expect the report for January to bounce back to recent norms after a big dip in December, but several factors complicate forecasting.     
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Obama Explains Putin's 'Shtick'

TPM - 7 Feb 2014 01:55
President Obama on Thursday rebutted the general perception that he has an "icy" relationship with Russian President Vladimir Putin. "He does have a public style where he likes to sit back and look a... little bored during the course of joint interviews. I think that's where some of these perceptions come up," Obama told NBC News in an interview airing Friday. "My sense is that's part of his shtick back home politically as wanting to look like the tough guy. U.S. politicians have a different style. We tend to smile once in a while."
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Arkansas' Medicaid ExpansionLITTLE ROCK, Ark. (AP) -- Arkansas' plan for expanding Medicaid by buying private insurance policies for the poor instead of adding them to the rolls was heralded as a model for convincing more... Republican-leaning states to adopt a key part of President Barack Obama's health care overhaul. But now, as Republican lawmakers face election season and step up attacks on what they deride as Obamacare, the state that pioneered the private option is on the brink of abandoning it. The plan has lost two supporters in the Senate, leaving backers worried that they won't have enough votes to keep it alive after the Legislature convenes Monday. Rejecting the program could jeopardize the state's budget and reverberate through other states considering similar options for expanding Medicaid as the federal...
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21st Century FoxThe media company's poor showing stems from costly films that underperformed and declining ratings for 'American Idol' and 'The X Factor.' Media company 21st Century Fox's fiscal second-quarter profit... dropped 12%, largely because big-ticket feature films landed with a thud at the box office and singing competitions on the Fox TV network have been hitting sour notes.     
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Markets Live: Stocks extend rebound

Sydney Morning Herald - 7 Feb 2014 01:48
Markets Live: Stocks extendLocal stocks are extending yesterday's rally, as global mood brightens after Wall Street posted its biggest jump of the year and less downbeat ECB rhetoric.     
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Markets Live: RBA turns more bullish

Sydney Morning Herald - 7 Feb 2014 01:48
Markets Live: RBA turns moreLocal stocks are extending yesterday's rally, as global mood brightens after Wall Street posted its biggest jump of the year and less downbeat ECB rhetoric.     
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SAN FRANCISCO
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Aussie papers hit News Corp

Sydney Morning Herald - 7 Feb 2014 01:46
Aussie papers hit News CorpNews Corp shares opened 5.5 per cent higher after it reported a 9 per cent rise in EBITDA to $US327 million for the second quarter.     
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Despite Their Immense Wealth,MONEY can buy many things: luxury, influence, security--and even time. How frustrating, then, to be vastly rich but never quite to get what you want. Such is the dilemma faced by the world's richest... family, the Al Sauds of Saudi Arabia. Their kingdom has sold the rest of the world around $1 trillion-worth of oil in the past three years alone, accumulating a hoard of sovereign assets nearly as big as its GDP of $745 billion. Immense new investments in infrastructure, industry, health care and education are spreading that wealth by the shovelful. A new underground-railway system for the capital, Riyadh, is to be dug, not one line at a time but all at once, with six full lines due to open by 2018. And this is just one rail project among many. The kingdom is to spend around $30 billion on mass...
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Baptist Health South Florida and Bethesda Health in Palm Beach County have agreed to explore potential affiliations.
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Secret Shopping Sites LookingABC News' Rebecca Jarvis and Eric Noll report: Todd Gibbons may look like an ordinary shopper but he's not. He walks the aisles of stores, snapping photographs of shampoo bottles, laundry detergent... and hair dye -- and he gets paid to do so. Gibbons is...     
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Countdown suffers backlash over NZ goods

Sky News - 7 Feb 2014 01:44
Australian-owned New Zealand supermarket chain Countdown is experiencing a backlash from customers.     
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Senate Minority Leader Mitch McConnell's (R-KY) job approval rating is almost the same as President Barack Obama's in Kentucky, a new poll found. The Herald-Leader/WKYT Bluegross poll released... Thursday evening found 32 percent of those surveyed said they approve of McConnell's job performance while 60 percent said they disapproved of the job the top Senate Republican has done. That rating is almost the same as Obama's approval rating in the state, which is 34 percent and his disapproval is about 60 percent.
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Advertisers are tapping into national pride to plan their Olympic marketing messages
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The New Mexico Supreme Thursday upheld a tribal cultural designation that protects hundreds of thousands of acres on Mount Taylor.
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Canadian businesses take notice of Arab world

Globe and Mail - 7 Feb 2014 01:39
Representatives from 10 firms set to visit Iraq, Jordan and Turkey in bid to open trade doors
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SAN FRANCISCO (AP) -- LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this... year as management ramps up spending while revenue growth slows.     
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Cup organizers: Add workers at delayed stadium

Miami Herald - 7 Feb 2014 01:38
Cup organizers: Add workers atWorld Cup organizers say there is a need to increase the number of workers at the delayed stadium in danger of being dropped from soccer's showcase event in June.
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Mass. Senate approves bill on unemployment aid

Miami Herald - 7 Feb 2014 01:38
The Massachusetts Senate has approved a bill that would make changes in the state's unemployment insurance system that supporters say will lower costs for businesses.
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AOL Employees Are Furious OverSo, once again, AOL CEO Tim Armstrong is having a rough day because of something he said on a conference call with thousands of employees. In August, Armstrong got in hot water for firing an employee... during a conference call. Today, in another conference call with lots of employees, it sounded like Armstrong was cutting a benefit and blaming it all on Obamacare and two little babies. But that's not what he meant to say, according to sources close to senior management. Here's the story as those sources see it. Last October, AOL human resources toured the company giving a presentation on how benefits would change in the new year. About 75% of AOL employees attended these sessions. During the sessions, which included online videos and town halls, HR told employees that AOL was changing the...
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Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million.
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How GM shafted its first female boss

Daily Telegraph - 7 Feb 2014 01:32
How GM shafted its firstSO MUCH for smashing the glass ceiling. GM's first woman CEO is being paid less than her male predecessor is as a consultant to the company.
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Farm Bill Promises Small But Vital Research Funding

The Huffington Post - 7 Feb 2014 01:31
Farm Bill Promises Small ButDETROIT (AP) -- A group of scientists at Michigan State University huddled around a computer screen earlier this week -- not poring over scientific data but watching a webcast of the U.S. Senate.... Among them was Rufus Isaacs, an entomologist who leads a team of U.S. and Canadian scientists working to enhance bee pollination of crops. Isaacs was anxious to see if the Senate would approve the long-delayed farm bill, and with it continue the $8.6 million federal grant critical to his pollen project's survival. The Senate passed the legislation and Congress sent it to President Barack Obama, who is expected to sign the bill Friday on Isaacs' campus in East Lansing. "It was a great relief and celebration in my lab," Isaacs said of the rare moment when pollen took a backseat to politics. "It's...
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They'll Sponsor Your AmericanGaming the H-1B: A shady network of interconnected tech staffing companies in Virginia is preying on foreign graduates desperate for American work visas. Just days after Vishrut Kanoria graduated from... a top American university on the East Coast this year, he thought he hit the job jackpot. The 22-year-old economics major, who had moved to the U.S. from India in 2009 on a student visa, knew he had to find a job at a company that would sponsor him for a work visa--or he'd be forced to move back to Bangalore. He found Concepts Information Technology Inc., a tech staffing company that provides IT industry professionals to larger businesses, through his school's on-campus recruitment program. While many of his friends struggled to find employment, Kanoria packed up his stuff and drove four...
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DealBook: The Quick Rise andCharles Shrem is a charismatic salesman who thinks Bitcoin can transform the future, but his digital vision collided with the real world, and now his own future is in jeopardy.     
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(Reuters) - News Corp, publisher of the Wall Street Journal, reported a 4 percent decline in quarterly revenue on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of... analysts forecasts.
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Faced with a raucous caucus,Republicans in the House of Representatives are in disarray over what to do about paying the nation’s bills, with the deadline looming and the party divided on whether to demand concessions from... the White House in return for raising the borrowing authority needed to fund the government.
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Canadian Oilsands Staff Fired,FORT MCMURRAY, Alta. - The federal government is investigating an allegation that several dozen Canadians working in Alberta's oilpatch were laid off this week and replaced with foreign workers. A... spokeswoman with Employment Minister Jason Kenney's office said Thursday that he has asked for an urgent review. The Alberta Federation of Labour said that 65 of its ironworkers were laid off on Tuesday. The workers' paystubs say they were being paid by a company called Pacer Promec Joint Venture. Federation president Gil McGowan said the employees were immediately dismissed from their jobs at Imperial Oil's (TSX:IMO) Kearl oilsands mine. "They called the guys into an office, told them that they were gone, and they literally walked past the replacements on the way out," McGowan said. He alleged...
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ARLINGTON HEIGHTS, Ill. (AP) -- Magazine industry auditors say that total average U.S. circulation for 386 magazines fell 1.7 percent in the final six months of the year to 284.9 million.     
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NEW YORK (AP) -- NBC comes close to gold in delivering the Winter Olympics online from Sochi, Russia.     
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A federal judge on Thursday restricted the release of documents obtained by the prosecution and defense in the corruption trial of former Virginia Gov. Bob McDonnell (R) and his wife Maureen... McDonnell, the Richmond Times-Dispatch reported. The McDonnells were charged in January for illegally accepting gifts from a political donor.
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The Daily Mirror in the United Kingdom has taken note of David Beckham’s love for Miami.
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Shares of Eleven Biotherapeutics Inc. advanced 8.5 percent in their opening day of trading on the Nasdaq stock exchange Thursday after the Cambridge-based developer of protein drugs to treat eye... diseases raised $50 million in an initial public offering.     
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Woodside signs $2.5bn Leviathan deal

The Australian - 7 Feb 2014 01:13
Woodside signs $2.5bnWOODSIDE Petroleum has signed a non-binding $US2.5 billion-plus deal to enter the big Leviathan gas field in offshore Israel.
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JPMorgan Exec Blythe MastersBy Douwe Miedema WASHINGTON, Feb 6
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Vt. lawmakers balk at no-media trade talks

Miami Herald - 7 Feb 2014 01:12
Vermont lawmakers balked Thursday at a demand from the office of the U.S. trade representative to conduct secret talks over the impacts of a proposed international trade agreement.
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Police In New York Are Trying Out Google Glass

Business Insider - 7 Feb 2014 01:11
Police In New York Are TryingIf you live in New York City, it might not be long until you come across an interesting and kinda creepy sign of the times. According to a new report from VentureBeat, the New York Police Department... is currently testing out the "Explorer" edition of Google's Glass headset.  The company claims that it is not directly cooperating with the tests and that the headsets were acquired through the same "Explorer" process that everyone else has to go through. While this isn't the first case of Google Glass being tested for public service — one of Google's examples of the kind of people testing its headset is a firefighter in North Carolina, and a police force in Georgia already ran a trial with it last year — neither of the previous cases have the tech-savvy reputation of the NYPD. This is...
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US oil finds support from jobs data

Sky News - 7 Feb 2014 01:10
US oil prices have risen modestly bolstered by an upbeat jobs report and stronger demand for heating oil.     
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Aust bonds weaker ahead of RBA statement

Sky News - 7 Feb 2014 01:10
Australian bond futures prices are weaker ahead of the central bank's monetary policy statement.     
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The IRS offer in compromise program has been around for decades.  In theory, the program serves the best interests of all concerned,
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Petroleum industry lobby group attacks think tank's credibility, accusing it of working with a 'foregone conclusion in mind'
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Leatherman still hands-on in a digital age

The West Australian - 7 Feb 2014 01:07
He started out in a garage and created a gadget now used by millions worldwide: Tim Leatherman is the Steve Jobs of the tool world.
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The Government Is Paying IBMThis sounds like an April Fool's joke but isn't. The military's tech research organization, DARPA, wants to invent a network of computers, sensors and other devices that will vanish on command. By... vanish, they mean press a button and the thing goes "poof," with every component turning itself into dust, preferably biodegradable dust. Alternatively the network should be able to self destruct after so many hours or at a specific time. DARPA just awarded a $3.5 million contract to IBM to try and invent it. DARPA calls the technology "Vanishing Programmable Resources" or "VAPR," which means those in the tech industry can't help calling it "VAPR ware," like ZDNet's Liam Tung, who first spotted this story. Vaporware is a term techies use to describe a product a tech company has announced but not...
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The Midwest Officially HasIf you want the best English pale ale, go to England. If you want a perfect glass of sake, go to Japan. And if you want a mouthwatering pint of any other kind of beer, your best bet might be the... Midwest. In the last few days, RateBeer.com has released awards for the world's best beers, brewers, retailers and new releases, compiled from 2013 reviews of more than 240,000 beers from over 16,000 brewers worldwide. What might surprise some is how well beers from Michigan, Wisconsin and other Midwest locales fared. Of RateBeer's awards for the best beer in the world in each of 21 styles, Midwestern brews won quite a few, including best IPA, stout, amber ale, sour and top beer in the country. Many of the winning brewers -- like Bell's Brewery, Rogue Ales or Hair of the Dog Brewing Company --...
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Construction shrinks in January

The Australian - 7 Feb 2014 01:04
Construction shrinks inAiG's performance of construction index fell in January, but remained above its 12-month average.
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Here's How AmericansReputation is everything. That's especially true in America, a country where tourists spend $166 billion annually, lured by the image of the American lifestyle, according to The Atlantic.  But what... is the image we have of our own biggest cities? Real estate listing site Movoto wanted to find out. They enlisted the help of marketing agency Fractl to conduct an online survey that got more than 13,000 responses from across the nation. The survey presented people online with one of the 16 biggest cities in America, based on population density, and asked a range of questions about their perceptions of that city — from how clean they thought the city was to how easy they thought it would be to "get laid" there. Respondents ranked cities on a scale of 1 to 4, and the cities with the...
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Treasury Hits Alleged Iran Helpers Globally

Miami Herald - 7 Feb 2014 01:02
Treasury moves against companies, individuals aiding Iran.
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Heenan Blaikie began with“It’s so unnecessary. That’s the part that upsets me,” Roy Heenan, 78, said during an interview at his downtown Montreal home
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John Cleese Has a Serious Side

Harvard Business Review - 7 Feb 2014 01:00
The iconic comedian speaks with HBR's Adi Ignatius about work, life, and, yes, comedy.
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Aurora subject of $1.8b takeover

The West Australian - 7 Feb 2014 00:56
Australian listed Aurora Oil and Gas is the subject of a $1.8 billion takeover offer from Canadian oil company Baytex Energy
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Rich Tech Entrepreneurs WouldIt would be easier to sympathize with rich tech entrepreneurs who don't want to be criticized simply because they are successful if they weren't also actively trying to make their workers poorer. I'm... referring, of course, to Tom Perkins, the founder of venture capital fund Kleiner Perkins Caufield & Byers, who said recently that progressives are waging a "war on the American 1 percent" that had parallels to "fascist Nazi Germany." Perkins' company famously backed both Google and Intuit. Both those companies have been sued by the Department of Justice in a class-action lawsuit that alleges they conspired to suppress the salaries of their staff by agreeing not to recruit from each other's companies — thus reducing price competition. (Perkins himself isn't accused of having any link to the...
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Has Twitter's growth hit a wall?

The Star - 7 Feb 2014 00:54
Has Twitter's growth hit aTwitter's apparent sputtering growth trigged a rash of analyst downgrades on Twitter shares and an exodus of investors Thursday.
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NEW YORK (AP) -- The stock market had its best day this year, nearly erasing the steep losses from early this week.     
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Advanced Capital Securities, a Latin American investment bank based in Miami, said it has acquired Latmark Asset Management, a Miami-based boutique investment firm.
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AP promotes Gwizdowski and Kaiser

Boston - 7 Feb 2014 00:53
NEW YORK (AP) -- The Associated Press named broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas and promoted Karen Kaiser to senior vice... president, general counsel and corporate secretary.     
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Chicago Alderman Aiming To BanHorse-drawn carriage rides may evoke a bygone era, but they could soon be history on the streets of Chicago. Powerful long-time Chicago Alderman Ed Burke (14th) introduced a proposal Wednesday that... would stop the city from renewing licenses for horse-drawn carriages, which would effectively end the practice on the city's streets. "They're a nuisance, they're a traffic hazard, it's cruel to the animals, and we should be able to beat New York City to the punch," Burke said, according to the Tribune. The debate over horse-drawn carriages reached new heights in recent months after then-New York City mayoral candidate Bill de Blasio vowed to banish the practice "within the first week on the job." De Blasio's ban, which stalled in NYC Tuesday, was cheered by animal welfare activists but jeered...
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Business Highlights

Boston - 7 Feb 2014 00:50
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Twitter Is Becoming A NicheSocial Insider is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today.... TWITTER'S FOURTH QUARTER: Twitter posted strong financials for the fourth quarter of 2013, but analysts are concerned about slow user growth and declining engagement on the social network.  Ad revenue in the fourth quarter reached $220 million, up 44% from the previous quarter.  Twitter averaged 241 million monthly active users in the fourth quarter, which is an increase of just 4% from the previous quarter and 30% over the fourth quarter of 2012.  The total number of times users viewed their timeline (Twitter's news feed and core product) declined from the previous quarter for the first time...
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North Korea Is Almost DoneNew commercial satellite imagery hints that North Korea is almost done building a tower capable of launching  long-range missiles — probably, further than the ones they've already launched into... space, reports 38 North, the blog of U.S.-Korea Institute at SAIS. The tower, located at the Sohae Satellite Launching Station in the North Pyongan Province, now has an eleventh level which gives North Korean the ability to fire a 164-foot missile — if desired. Back in 2012, North Korea raised eyebrows after the launch of a Unha-3 space launch vehicle (SLV).Claiming the launch was necessary to put an earth-monitoring satellite into orbit and therefore, justified the launch as peaceful, and purely scientific. Soon after, the United Nations imposed new sanctions on Pyongyang, in efforts...
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Solid Jobs Data Is Tempered by Report on Weak Exports

The New York Times - 7 Feb 2014 00:47
The number of new claims for unemployment benefits fell more than expected last week, but the trade deficit widened by 12 percent in December.     
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DETROIT (AP) -- A group of scientists at Michigan State University huddled around a computer screen earlier this week -- not poring over scientific data but watching a webcast of the U.S. Senate....     
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GRANTHAM: The Great AmericanJeremy Grantham, whose GMO LLC investment firm manages $117 billion in assets, says the Great American Shale Boom is a dangerous waste of time and money. Grantham, who started his career as an... economist at Shell, recently contemplated attending an anti-Keystone Pipeline demonstration in front of the White House.  In his new letter to clients, Grantham explains why any country, from the U.S. to China, still going down the path of developing fossil fuels is walking into a trap.  First, he argues we are overstating the benefits of switching to natural gas: “Fracking gas,” like all natural gas, is basically methane. Methane unfortunately is an even more potent greenhouse gas than CO2: at an interval of 100 years it is now estimated to be 32 times as bad, and at 20 years to be 72 times...
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What It's Like To Play 'LeagueThe most-played PC game in the world isn't the Sims or SimCity or even World of Warcraft. It's League of Legends, and it's a lot of fun. Part of this game's success is that players can compete in... tournaments against other players from around the world. At the 2013 championships, the top two teams gathered in front of thousands at the Staples Center in Los Angeles. A team from Korea, called SK Telecom T1, took home the $1 million prize. In 2013, it had 70 million registered users, up from 15 million in 2010, according to IGN. And of those 70 million registered users, it had 32.5 million active users. Together, they played a massive 1.3 billion hours each month. The company's success comes in part due to its business model: It doesn't charge people to play. Once you're in the game, however,...
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By Lewis Krauskopf
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MISSOULA, Mont. (AP) -- The University of Montana and other schools have lifted lockdowns prompted by the armed robbery of two Missoula businesses Thursday morning, but the suspect remains at large,... police said.     
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WASHINGTON (AP) -- Four years after a powerful earthquake devastated Haiti, President Barack Obama on Thursday praised the rebound taking place in the impoverished Caribbean nation but said there is... more work to be done. He pledged that America will remain a partner in that process.     
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ITW to sell unit for $3B

Chicago Tribune - 7 Feb 2014 00:42
ITW to sell unit for $3BGlenview-based Illinois Tool Works has agreed to sell its industrial packaging segment to the Carlyle Group, a private equity firm, for $3.2 billion.
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Why Unions Matter

The Huffington Post - 7 Feb 2014 00:39
Why Unions MatterAs parents we tell our children that the key to success and prosperity lies in a good education. We feel we have to. Why? Thirty-five years of globalization and technological revolution have resulted... in a rapid decline of the manufacturing and blue-collar jobs that were once the backbone of our economy. These were union jobs that offered good wages, superb health benefits and the security of a pension at retirement. But those jobs are vanishing. With that in mind, we needed our kids to get a college degree so they could find skilled work that paid well. The state of organized labor in America is changing. And it's not looking good. Now, millions of un- and underemployed graduates have discovered that a college degree doesn't guarantee a good job. Coupled with the extraordinary spike in...
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MARKET REPORT: Sinking Serco'sSince Chris Hyman jumped ship last year, Serco has been adrift at sea with no captain. On Thursday the rats were frantically donning life-jackets and diving headlong out of the stock in droves.
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ALEX BRUMMER: Bankers whoIn a recent New York Review of Books article Judge Jed S Rakoff examines why none of the bank chieftains involved in the Great Panic has been brought to justice.
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Partners at Heenan Blaikie LLP chose to dissolve the venerated national law firm in spite of a highly profitable year.
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Breaking the silence: BossesThe outcome of the referendum later this year could have a major impact on the Scottish financial services industry.
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Accessories prove a gift forA big push repackaging wallets and scarves as festive gifts helped SuperGroup post a 1.3 per cent rise in sales for the 13 weeks to January 26.
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WA firms cast eyes over Forge

The West Australian - 7 Feb 2014 00:36
WA firms cast eyes over Forge Two WA engineering outfits are among companies that have been running ruler over Forge.
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Sink or Swim: Brand Development Through Content Marketing

The Huffington Post - 7 Feb 2014 00:35
Sink or Swim: BrandWhat do the brands like Coca-Cola, Dove, Subaru, MTV, Proctor and Gamble, American Express and Saint Laurent Paris have in common? Though they span various industries, they share one major... commonality: They've nurtured their brand through content marketing and have ended up on top. Brands today face an existential crisis. Nearly 250 retail brands have gone out of business in the last five years according to Retail Research. In my opinion, this comes down to two concepts: time-ignorant promotion or time-ignorant product. Now is the time to call for marketing reform. We, as marketers, are responsible for not having a time-ignorant promotion. Our industry needs to lessen their traditional marketing budget and spend time, energy and money where our customers live: online. Developing a brand is...
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Vodafone eye on Britain'sVodafone could launch pay-TV in Britain after its chief executive admitted it wanted to be 'a player' in the wider market.
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NEW YORK, N.Y. - New York welcomed Mercedes-Benz Fashion Week Thursday amid icy sidewalks, crosswalks piled high with slush and temperatures in the 20s. Even dedicated fashionistas mostly wore boots... to attend the shows rather than stiletto pumps. And since designers were showing their fall-winter collections in the tents at Lincoln Center and other venues around town, it made sense that boots and inviting outerwear -- from bathrobe coats at Richard Chai to purses that looked like fur muffs at BCBG Max Azria -- were in abundance on the runways. ___ ORANGE IS THE NEW -- WELL, YOU KNOW The strapless jumpsuit actress Samira Wiley wore Thursday to the BCBG Max Azria runway show was quite different from the one she might wear as Poussey Washington, her character on the Netflix prison-themed...
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Sumitomo takes over Emerald

The West Australian - 7 Feb 2014 00:33
Sumitomo takes over Emerald Sumitomo signals it is on hunt for major agricultural, food processing assets in Australia.
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HARTFORD, Conn. (AP) -- The chief financial officer of United Technologies Corp. declined to comment Thursday about a report that the conglomerate could sell or spin off Sikorsky, but said the... helicopter maker has a "very bright future."     
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ANALYST: Here's Why It's AFA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Fallacy Of Buying Individual Bonds Over Bond Funds (Morningstar) Many... investors think they will be protected in the event of interest-rate rises if they buy individual bonds (and hold them to maturity) over bond funds. But Sam Lee, a strategist and editor of Morningstar ETFInvestor, thinks this is "absolutely false": "If you buy an individual bond and interest rates rise, the market price of that bond will fall. And just because you ignore the market price doesn't change that fact. When you invest in a bond when interest rates are low, you basically have locked in a stream of payments at that low interest rate. When interest rates rise, you can now actually get same...
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The stock market had its best day of the year Thursday following encouraging news on the U.S. job market and solid earnings from Disney and other companies. The gains nearly erased steep losses from... early in the week.     
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More Mobile Dollars For Top Tech Companies

Business Insider - 7 Feb 2014 00:30
More Mobile Dollars For TopMobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. Sign up for a free trial of BI Intelligence today. MORE... MOBILE DOLLARS: Yesterday was a big day for mobile numbers, as some of the biggest companies on the consumer Internet announced their results for the last three months of 2013. Twitter said mobile accounted for more than 75% of the company's total ad revenue. At Internet music service Pandora, revenue per thousand listener hours on mobile and other connected devices showed steady improvement, jumping more than 10$ year-over-year to $34.98. Meanwhile, Yelp reported 53 million unique visitors on its mobile apps and mobile websites in the fourth quarter and said about 30% of its reviews were...
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Charity meets gender targets

The West Australian - 7 Feb 2014 00:30
Charity meets gender targets Telethon Speech and Hearing has reached an equality mile- stone, with half its board now women.
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Port security win for Palmer

The West Australian - 7 Feb 2014 00:29
Port security win for Palmer Clive Palmer wins latest round in his running legal battle with China's CITIC Pacific.
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E-commerce technology company ChannelAdvisor posted a 28 percent jump in revenue in the fourth quarter as the company continued to add customers and boost average sales per customer.
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An Honest Discussion About theThe topic of a growing generation gap is like the tide at the beach -- it comes in, it goes out. But everyone now and then the waves get a little rough. We seem to be experiencing one of those rough... periods right now. During the past few days, I've received a multitude of email notifications and print publications about tension in the workplace caused by the co-existence of four generations working side by side. Differing opinions and attitudes between older and younger generations is hardly new. But never in our history have there been four and soon to be five generations working together. Thanks to a quality of life now extending for many people into their 80s and even 90s, great-great-grandparents are supervising and are often times being supervised by workers 60 or more years younger....
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Today, Google spends hundreds of millions of dollars on space, power, and bandwidth for its hundreds of thousands of servers hosted in its own data centers. But Google's infrastructure wasn't always... so vast.
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News Corp posts 2Q $US150m profit

The West Australian - 7 Feb 2014 00:24
News Corp has reported second quarter earnings of $US150 million but falling newspaper ad revenue in Australia continues to bite into its bottom line.
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LITTLE ROCK, Ark. (AP) -- Arkansas' plan for expanding Medicaid by buying private insurance policies for the poor instead of adding them to the rolls was heralded as a model for convincing more... Republican-leaning states to adopt a key part of President Barack Obama's health care overhaul.     
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NEW YORK (AP) -- News Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting... slower advertising sales.     
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6 Ways To Maximize Short WorkThe life for a manager inside an organization has an unrelenting pace, with very few occasions where there is uninterrupted time. As a result, relationship building and development opportunities may... fall by the wayside.
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The Mount Isa Hospital says a new lead testing regime in the north-west Queensland mining city will significantly increase the number of children tested each year.
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Here's The Real Story Of The"Cool Runnings" is one of the most popular Olympics movies of the past few decades, and it's mostly made up. It's based on a true story, but a member of the unlikely Jamaican bobsled team that... inspired the popular Disney film says it's largely fiction. Dudley "Tal" Stokes, who was on the 1988 Olympic team that inspired "Cool Runnings," took to Reddit in October to set the record straight about what the movie got wrong. "It's a feature Disney film, not much in it actually happened in real life," Stokes said on Reddit. "Cool Runnings" has a cast of fictional characters who don't bear much resemblance to the real-life Jamaican bobsledders. The Jamaican bobsled team that competed at the 1988 Winter Olympics in Calgary, Canada was not composed of track sprinters, as the movie might lead you to...
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Expedia Shares Soar OnHome or away, Expedia investors will sleep soundly tonight.
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DEERFIELD, Ill. (AP) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its... supply chain and save money.     
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Former SAC Capital Advisors fund manager Mathew Martoma was found guilty Thursday in the most lucrative insider trading scheme ever as federal prosecutors racked up a seventh conviction in their…
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LinkedIn Corp. shares fall, continuing the theme of volatile Internet-based company earnings this season, as the outlook falls short of Wall Street estimates.
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Jon Shafeei, a former mechanic who runs half marathons and lifts weights regularly, had a hard time doing a 30-minute circuit training routine at a 9Round fitness and kickboxing gym.
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Aussie bonds weaker ahead of RBA statement

The West Australian - 7 Feb 2014 00:11
Australian bonds are weaker as investors wait to learn more about the Reserve Bank of Australia's cash rate bias.
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America's most famous load of yogurt -- a shipment intended to feed U.S. Olympians in Sochi, but blocked by Russian authorities -- remained in storage in New Jersey on Thursday, despite the best... efforts of a senator and the Department of Agriculture to spring it loose.
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LinkedIn Tanks After Q4 Earnings Report

Business Insider - 7 Feb 2014 00:09
LinkedIn Tanks After Q4LinkedIn announced its Q4 earnings. The stock is tanking in after-hours trading, and has been down as much as 10%. Here's what the company delivered: Revenue: $447.2 million vs. $437.84 million... expected Earnings per share: $0.39 vs. $0.38 expected LinkedIn now has 277 million members. The revenue is up 47% compared to $303.6 million in for the same quarter in 2012. LinkedIn also announced that it has signed an agreement to buy a company called Bright, which helps connect job seekers with employers. The transaction is valued at approximately $120 million.  Here's a chart of LinkedIn's revenues: Business Insider Intelligence made this chart of LinkedIn's revenue sources:   Here's a look at LinkedIn's member and unique visitor growth: Here's a chart of LinkedIn's engagement: Join the...
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AP promotes Gwizdowski and Kaiser

Boston - 7 Feb 2014 00:09
NEW YORK (AP) -- The Associated Press is naming broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas region and promoting Karen Kaiser to senior... vice president, general counsel and corporate secretary.     
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Create New Ideas -- Think Different, Think Upside Down

The Huffington Post - 7 Feb 2014 00:06
Create New Ideas -- ThinkAs a marketer, I am always thinking about ways to do something different. An example of this is when I review materials online or offline. I often think about ways to enhance the message through a... re-design, new imagery, new font styles, and re-writing the editorial message to make it fresh. You would be surprised at how simple changes can make a huge difference. Now you are probably thinking, If I where to do this, where do I start? Here are a few tips to help you think a little different and kick start your next new idea. This idea can be used with print material and can even be adapted to websites and graphic design usage. 1. Start gathering print samples from anywhere. It really doesn't matter. Weed out the yucky ones and keep the ones that capture your interest. 2. Make note of which...
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On Tuesday, the National Institutes of Health announced a partnership of breathtaking scope. Ten drug companies had agreed to collaborate on curing four of the world's most devastating diseases, which... will affect millions of people in the coming years and have proven largely resistant to cures: Alzheimer's, Type 2 diabetes, lupus and rheumatoid arthritis.
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LEGENDARY INVESTOR: I Drove AGMO's Jeremy Grantham just put out his latest quarterly newsletter to GMO clients. And in it he has some high praise for Tesla.  In a section titled "Fossil Fuels: Is Tesla a Tease or a Triumph?" he... writes that he recently took a drive in  Tesla and it was his "#1 car experience ever." From Grantham: "I recently took a drive in a GMO colleague’s Tesla from New York to Boston. Now, I am about as far from a car freak as you will easily find. I just turned in a 12-year-old Volvo that unfortunately had been sideswiped, for otherwise it was good for years more. But I have to say that my recent Tesla journey was my #1 car experience ever. "Three years ago I test drove a Tesla in Boston and it was a tinny, rattly, super-expensive toy. Its battery alone cost $50,000! Last month, its chief...
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The Connected TV Landscape:Connected TVs are on pace to take over the television viewing experience. There will be more than 759 million televisions connected to the Internet worldwide by 2018, more than double 2013's number,... according to Digital TV Research. The first wave of connected TVs, called "Web TVs," failed because they assumed that people would use their televisions as a computer, by browsing the Internet and reading email. Now, a new generation of Internet-enabled TVs is succeeding. These connected televisions enhance the everyday experience of watching television by offering a better viewing experience for your favorite programs and movies, as well as an alternative way to interact with music and photos. In a new report from BI Intelligence, we dissect the connected TV landscape, analyzing the factors,...
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Soybean prices edged higher on Thursday as U.S. export sales increased. Corn and wheat prices were down, while coffee futures fell sharply.     
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NEW YORK (AP) -- The price of oil rose Thursday as a positive report on the U.S. labor market and more cold temperatures boosted expectations of higher demand for fuel.     
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Holt Renfrew unveils Yorkdale redesign

The Star - 7 Feb 2014 00:04
Holt Renfrew unveils YorkdaleLuxury retailer's new store included shaves, free facials, even a private apartment.
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United Tech CFO declines comment on Sikorsky

Miami Herald - 7 Feb 2014 00:04
The chief financial officer of United Technologies Corp. declined to comment Thursday about a report that the conglomerate could sell or spin off Sikorsky, but said the helicopter maker has a "very... bright future."
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New Hampshire lawmakers reached a deal Thursday to make their state the latest to expand Medicaid under Obamacare. The Associated Press reported that the Republican and Democratic state Senate leaders... announced the decision. The state plans to adopt a privatized version of the expansion, using Medicaid dollars to pay for residents to buy private coverage on HealthCare.gov. The Obama administration has already allowed Arkansas to adopt the same proposal.
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Millennials Are Better AtThe financial talk, that is. Millennials are better at discussing their finances with significant others than older people in relationships, according to a new study from NerdWallet. Young people... between the ages of 25 and 29 are more likely to talk about important financial issues with their partners and to prioritize this conversation before moving in together. From a survey of 544 never-married adults, personal finance site NerdWallet found that 98% of millennial respondents said they had discussed finances at some point in their lives. That far exceeded the 13% of respondents ages 30 to 44 who said they have never discussed money at all. "The emphasis on money varies with age and circumstances," Anisha Sekar, a credit card analyst at NerdWallet, said in a release. "Millennials may want...
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DAYTONA BEACH, Fla. (AP) -- Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway.     
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A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
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LOS ANGELES, Calif. - Californians were urged to voluntarily cut their electricity use Thursday in a rare mid-winter conservation alert, after frigid weather across the U.S. and Canada caused a... shortage of natural gas at Southern California power plants. "While the natural gas shortage is only impacting Southern California power plants, statewide electricity and gas conservation will help free up both electricity and gas supplies for Southern Californians," the California Independent System Operator, which runs the state's power grid, said in a statement. Requests for Californians to curtail their power use typically occur in summer, when temperatures soar and air conditioners roar, especially across Southern California. The so-called Flex Alert, in which residents are asked to turn off...
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Deal gets Calgary-based Baytex prime acreage in the oil-rich Eagle Ford shale in Texas
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The professional social network doused any excitement about its financial results with a lower than expected guidance for the first quarter, due to increased spending on growth and pledges that it... will be "investing aggressively" sparking fears that it is facing slower growth.
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A high level of short interest in Green Mountain shares is likely contributing to a rally in the company's shares. This short squeeze is likely painful for hedge fund manager David Einhorn, who has... been shorting and criticizing the company for over two years.
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LEAKED MEMO: AOL CEO Tries ToAOL is changing the way it matches employee contributions to their 4o1(k)s. Instead of contributing through the year, AOL will now contribute a lump sum at the end of the year. This upset employees,... who describe the move as a pay cut. This morning, AOL CEO Tim Armstrong got on a conference call to explain the move. He said that AOL healthcare costs were up and that the company had to figure out how to pay for them somehow. In an attempt to describe how expensive employee healthcare can be, Armstrong said that in 2012 AOL paid $2 million to keep alive two "distressed" babies born from AOL employees. This explanation angered lots of AOL employees. So Armstrong just sent out this memo: AOLers - As we discussed at the town hall, we care about you and the company – a lot. This morning, I...
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Advisors suggest young Canadians think carefully before they pile money into RRSPs, especially if they're in unstable jobs or have lingering debts
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Markets Live: Optimism surges back

Sydney Morning Herald - 6 Feb 2014 23:59
Markets Live: Optimism surgesLocal stocks are expected to extend yesterday's rally after Wall Street posted its biggest jump of the year and European stocks were lifted less downbeat ECB rhetoric.     
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A better-than-expected US employment report and some strong company earnings have boosted confidence on Wall Street.
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3 Simple Ways To Boost Your Team's Creativity

Business Insider - 6 Feb 2014 23:56
3 Simple Ways To Boost Your"Selfie" may have been the Oxford English Dictionary's Word of the Year, but according to The New York Times, the new buzzword zooming around the workplace these days is "creativity." "Once... considered the product of genius or divine inspiration," writes Laura Pappano, "creativity — the ability to spot problems and devise smart solutions — is being recast as a prized and teachable skill." Colleges across the country are offering courses and credentials in Creative Studies, says Pappano, while "creative" has been the most-used adjective in LinkedIn profiles two years running. “Improving creative thinking skills is the key to improving business performance,” says management consultant John Canfield. “What differentiates great and not-so-great organizations is if and how they...
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Agriculture Minister Barnaby Joyce has held talks with all the nation's banks as he develops a drought-relief package for farmers.
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Energy company's crude departing from new loading facility near Edmonton
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Brazil’s socialBrazil is confronting numerous challenges this year, from international investors fleeing developing nations to the slowing economy in China – a major trade partner – to local protests over... Brazil’s preparations to host the World Cup in June.
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Wall Street Economist PredictsSociété Générale economist Brian Jones predicts only 280,000 workers were added to nonfarm payrolls in January, well above the 180,000 consensus estimate. Jones doesn't stop at a prediction for... how many payrolls were created in January, though. He also predicts exactly how markets will move immediately following the release. "The SG forecast is substantially above consensus and hence a positive intraday impact for risky assets is expected if our estimate materialises," says Jones. "We expect [the S&P 500] to move up by 0.6% and the [10-year] USD swap rate by 5 basis points up in the first half-an-hour after the release." Jones says there is a statistical relationship between the deviation of the actual nonfarm payroll print from the consensus forecast and the market's reaction. "The...
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WASHINGTON (AP) -- Senate Republicans narrowly blocked the advance of legislation to restore benefits for the long-term unemployed on Thursday for the second time in less than a month, and Democrats... said they intended to call yet another vote on the issue.     
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CONCORD, N.H. (AP) -- New Hampshire's Attorney General says a former budget director at Southern New Hampshire State University will be sentenced on two felony counts of siphoning college funds to pay... personal debts.     
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SAN FRANCISCO - LinkedIn finished last year with a solid financial performance, but the online professional networking service spooked investors with a forecast indicating that its growth is starting... to slow down. The projection released Thursday along with LinkedIn Corp.'s fourth-quarter results triggered a 10 per cent drop in the company's stock price in extended trading. The sell-off came a day after Twitter Inc., another Internet service that connects people with common interests, let down Wall Street with a slowdown in its user growth. LinkedIn's fourth-quarter earnings and revenue topped analyst estimates. The Mountain View, Calif., company earned $3.8 million, or 3 cents per share. That was down 67 per cent from $11.5 million, or 10 cents per share, a year earlier. Revenue climbed...
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SAN FRANCISCO - LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this year... as management ramps up spending while revenue growth slows. The projection released Thursday with LinkedIn's fourth-quarter results triggered an 8 per cent drop in the company's stock price during extended trading. The shares shed $17.91 to $206.54. LinkedIn Corp. also announced it is spending $120 million to buy Bright, a startup that makes data-analysis tools matching job hunters with employers. The acquisition could foreshadow a year of heavy investment that crimps LinkedIn's earnings. CEO Jeff Weiner emphasized the Mountain View, Calif., company will be spending "significantly" on data...
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CVS Walks the Talk

The Huffington Post - 6 Feb 2014 23:49
CVS Walks the TalkCVS Caremark made a bold decision to "walk the talk" when it announced that it would no longer sell cigarettes in its pharmacies. The announcement means that the shelves of CVS won't offer any tobacco... products in any of its 7600 pharmacies around the country after October 1, 2014. Larry Merlo, CVS Caremark President and CEO, was straightforward. In his own words, "Put simply, the sale of tobacco products is inconsistent with our purpose." While there are some who would wish that CVS didn't wait until the fall to get rid of all those cigarettes, the announcement was met with far ranging support. Print and broadcast media put the story front and center, above the fold and on headline news. The world of social media was filled with comments applauding the decision. CVS Caremark's description...
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Apple Just Bought Equipment ToThe next iPhone may come equipped with scratch proof glass.  A new report from Mark Gurman at 9to5Mac says Apple has purchased equipment to make 100-200 million sapphire glass iPhone screens. Gurman... has import and export records to support his case. The equipment is going to a factory in Arizona where Apple partner GT Advance is expected to make the screens.  Gurman worked with Matt Margolis, an analyst and investor in GT Advance to track down the import/export information.  Margolis has written about sapphire glass in the past.  Here's his previous explanation of why this is a big deal for Apple: "A sapphire screen will also allow Apple to take full advantage of their Authentec acquisition and allow them to add Touch ID technology underneath their entire screen instead of just the...
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Boston.com readers voted, and they love puppies, Clydesales, and American soldiers.     
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Baupost Group, Boston's largest hedge fund firm, with $26 billion under management, had investment returns averaging 15 percent in 2013, its best year since 2009, according to Institutional Investor's... Alpha report. Baupost, run by Seth Klarman, returned $4 billion to customers last year, according to a person briefed on the matter. The firm kept a lot of its money in cash last year -- about 40 percent, according to the trade publication, even as the stock market surged. Baupost is known for seeking out unusual and overlooked investments.     
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Correcting and recasting a section on the economic predictions of Jim Rogers.
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Expedia fourth-quarter profit rises, tops estimates

The West Australian - 6 Feb 2014 23:47
By Karen Jacobs
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GLENVIEW, Ill. - Illinois Tool Works Inc. is selling its packaging division to The Carlysle Group for $3.2 billion and plans to use the money to buy back shares. Carlysle says the packaging division... has 88 manufacturing sites on six continents. Carlysle said in the announcement on Thursday that it will run the packaging group as a standalone company. ITW says it will use the money from the sale to buy back 50 million of its shares, which will offset the profit impact of losing the division. Illinois Tool Works had announced a year ago that it was reviewing options for the business, which had 2012 revenue of $2.4 billion, compared to $14.79 billion for the whole company. ITW didn't break out the division's 2013 revenue in its earnings report last week.
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Adam Smith Says Congress MustBy Andrea Shalal-Esa WASHINGTON, Feb 6
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Five years into Obama's presidency 44 percent of Americans still blame former President George W. Bush and the Republican Party for the country's economic woes, while 34 percent blame President Obama... and Democrats, according to a CNN/ORC International poll released Thursday. While more Americans fault Bush for the state of the economy, blame on the former president and Republicans has dipped since 2012, when 57 percent held Bush responsible compared to 35 percent who viewed Obama more culpable.
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NEW YORK (AP) -- The nation's largest retail trade group expects retail sales will increase at a slightly faster pace this year than last as continued improvements in jobs and housing should help... shoppers feel more confident about spending.     
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CALGARY - Baytex Energy Corp. is expanding into the lucrative Eagle Ford shale through its $2.6-billion acquisition of Aurora Oil & Gas Ltd. The deal, which was announced Thursday, includes $744... million in Aurora's debt and gets Calgary-based Baytex nearly 9,000 net contiguous hectares in the Sugarkane Field in South Texas in the core of the oil-rich Eagle Ford. Aurora's production during the last three months of 2014 averaged 24,678 barrels of oil equivalent per day, which was mostly light, high-quality crude oil. The formation's proximity to the U.S. Gulf Coast -- a massive refining market -- means crude from there fetches strong prices. "Baytex will acquire premier acreage in the core of the Eagle Ford, one of the leading shale oil plays in the U.S. The acquisition is an excellent fit...
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Restaurant Manager WritesRestaurant manager Tony Posnanski was working a busy shift when a customer stopped him to complain about a loud child at a nearby table.  But as he went to confront the woman, she asked him a... question that stopped him in his tracks. Posnanski wrote an open letter to the family he posted on his blog The Anti-Jared. He shared it with Business Insider:  "To the woman and child who sat at table 9, I did not introduce myself to you. My name is Tony Posnanski. I have been a restaurant manager for fifteen years now. My day consists of making sure my restaurant runs well. That could mean washing dishes, cooking and sometimes even serving tables. I have also dealt with every guest complaint you can imagine. A few weeks back you came into my restaurant. I was very busy that night. I was running...
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LinkedIn's 4Q eclipsed by disappointing outlook

News Observer - 6 Feb 2014 23:40
LinkedIn finished last year with a strong showing, but the online professional networking service rattled already jittery investors by indicating its performance will weaken this year as management... ramps up…
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News Corp fiscal 2Q earns top expectations

Miami Herald - 6 Feb 2014 23:40
News Corp fiscal 2Q earns topNews Corp., the publishing company controlled by Rupert Murdoch, reported second-quarter earnings that exceeded Wall Street forecasts while revenue declined as expected, reflecting slower advertising... sales.
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5 Photos That Will Remind You"When I reflect on the last 10 years, one question I ask myself is: why were we the ones to build this?" Mark Zuckerberg asked in a recent open letter he posted to Facebook. "We were just students."... When Facebook launched on February 4, 2004, Mark Zuckerberg was a 19-year-old sophomore at Harvard. Today he isn't even 30 and he's worth billions of dollars. It's hard to believe how young he was when he got started. Here are some photos of young Zuckerberg for Throw Back Thursday (Twitter and Instagram slang fondly known as #TBT, where people post old photos of themselves).   Join the conversation about this story »     
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Multilingual Superbowl AdEarlier this week, I wrote about the much-talked-about television advertisement from Coca-Cola that aired during the Super Bowl, featuring "America the Beautiful" in many languages. The ad stirred... America's melting pot in more ways than one. Many of the reactions were negative, but many were also positive. To follow up, a company spokesperson from Coca-Cola reached out with the company's official statement: For centuries America has opened its arms to people of many countries who have helped to build this great nation. "It's Beautiful" provides a snapshot of the real lives of Americans representing diverse ethnicities, religions, races and families, all found in the United States. All those featured in the ad are Americans and "America The Beautiful" was sung by bilingual American young...
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Goodwill Manager ReturnsTyler Gedelian, the manager of a Goodwill outlet in Monroe, Mich., says he's used to finding loose change, used tissues, and old grocery lists in the pockets of donated clothes. But last Wednesday, he... found an envelope with more than $43,000 in it stuffed inside the pocket of a robe, the Detroit News reported. The 29-year-old didn't hesitate to do the right thing with his find, though. He called the police and returned the money, according to the Monroe News. "My biggest concern was getting the money back to the rightful owner," he told the paper. "I certainly can't imagine losing that kind of money. I was so nervous having so much of someone else's money." Police tracked down the money's owner, who then paid Gedelian a visit to personally thank him for his honesty, Local 4 news reported....
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Bill seeks to prevent sale of student data

Miami Herald - 6 Feb 2014 23:35
A Kentucky Senate committee has approved a bill aimed at preventing the sale of student digital data by technology companies.
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Bode Miller Says ConstructionU.S. skier Bode Miller told the Associated Press that construction work where the ski team is staying isn't finished yet. Unlike the vast majority of athletes in Sochi, the ski team made its own... accommodations for the Olympics rather than staying in the athletes' village. While the village is 100% built, many of the hotels aren't, and it's leading to some horror stories. "My experience so far has been good. I mean, our area is not quite finished, I wouldn't say," he said. He continued by saying the work going on "was very rushed, is what you get the impression of; that everything isn't quite done; they could use a little bit more time." Miller also mentioned that late-stage construction work was going on in Salt Lake City in 2002. He doesn't seem too up in arms. Join the conversation about...
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Why Fix Something Not Broken?

The Huffington Post - 6 Feb 2014 23:34
Why Fix Something Not Broken?Ever since the federal government took control of Fannie Mae and Freddie Mac, Congress has put several plans on the table to "fix" them -- with the exception of one: Let them operate the way they... always have, only this time, regulate them properly and ensure they have sufficient capital reserves. This is largely what Congress did to "fix" the nation's biggest banks that had much more to do with the subprime mortgage crisis than the government-sponsored enterprises, also known as GSEs. The only difference between now and then is that now the private sector is doing nothing to help low-to-middle income people with good credit become homeowners, and the federal government has actually done things to harm this sector of the housing marketplace. Young families, military families and low-income...
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Where the Middle Class Shops

The New Yorker - 6 Feb 2014 23:33
Where the Middle Class ShopsOn State Street in downtown Chicago this week, a man trudged through the slush outside a soon-to-be-shuttered Sears, wearing a yellow signboard that read, “Store Closing Sale/Everything Must Go.”... Across the street, inside a thriving Target store, shoppers thronged the checkout lanes. A block north, women were digging fistfuls of coupons out of their purses to buy discounted housewares and winter boots on clearance at Macy’s. Which of these scenes is a metaphor for the American middle class? A front-page article in the Times this week chose Sears, pointing to its decision to close the State Street flagship in its hometown after thirteen years. The article also cited J. C. Penney, which is abandoning thirty-three stores and laying off two thousand employees, and Loehmann’s, the...
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'Virtual Guest List' Apps WillNew York Fashion Week is officially under way, and this year's shows and after-parties are bound to be more exclusive than ever.  Like any high-profile event, it's inevitable that someone will try to... crash the front door.  But crashers be warned: A new crop of apps that act as "virtual guest lists" will make entry more difficult for the uninvited. Apps like Zkipster, Fashion GPS, and Splash use cloud-based guest lists that bouncers and event organizers can access on a tablet or phone. According to The New York Times, a new addition to Zkipster's app called zFace will be used to control Fashion Week crowds. ZFace uses Microsoft Bing to put a face to a name, making it more likely bouncers will be able to instantly identify wannabes.  ZFace debuted in December at Art Basel Miami Beach,...
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Sochi 2014: Seven CanadianOlympic success can lead to a career as a pitchman or pitchwoman, and we examine which Canadians are best equipped to make the leap.
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Here's Preet Bharara's AmazingU.S. Attorney Preet Bharara has a perfect track record in insider trading convictions since the government's massive crackdown began in the fall of 2009.  Today, Bharara, also known as "The Sheriff... Of Wall Street", convicted former SAC Capital portfolio manager Mathew Martoma in what the DOJ says is the "most lucrative" insider trading scheme of all time.  So far, he's 79-0 for convictions.  Of those convicted, 58 have been sentenced, while others are waiting.  What's more is there's still a handful of cases still pending. Here's a rundown of all the folks he's convicted to date:      Join the conversation about this story »     
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Market strategist David Rosenberg is upbeat about U.S. economic growth. In fact, he wouldn't be surprised if U.S. unemployment came in at 6.5% when the jobs report is released on Friday. And that... worries him.
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The gun control group Moms Demand Action on Thursday issued a statement calling Texas state Sen. Wendy Davis' (D) support of a "open carry" law "disappointing and dangerous."
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Treasury prices fall Thursday, sending yields higher for the third-consecutive session, as investors make last-minute trades ahead of a much-watched payrolls report in the following session.
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News Corp Beats The StreetOverall, the News Corps' revenue dropped 4% from the same quarter last year.
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News Corp earnings up 9pc

The Australian - 6 Feb 2014 23:25
News Corp earnings up 9pcNEWS Corp has reported earnings of $327m for the second quarter, up 9pc as expenses from the UK hacking scandal decrease.
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Google Launches A New DeviceGoogle and Asus today released a new device for business videoconferences called Chromebox For Meetings. The device costs $999, which might sound like a lot considering how low-cost other Google... devices called "Chrome" are (like Chromebooks and Chromecast). But that's really a lot less expense than many business-class videoconference systems, which can run thousands of dollars. The device includes a high-definition camera, a combined microphone and speaker unit, a remote control and a Chromebox. A Chromebox is a Chrome PC that requires you to bring your own monitor and keyboard. Until now, Samsung was the company that made the Chromebox, priced at $329. Google says that in addition to Asus, HP and Dell will soon announce these Chromebox videoconferencing devices. Up to 15 participants can...
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Global air passenger traffic climbs 5.2%

Sky News - 6 Feb 2014 23:24
Global air passenger traffic rose by 5.2 per cent in 2013 compared with the previous year.     
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Private equity firm said to have prevailed over consortium in the final stretch of the auction
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If Mario Draghi was a kindergartner, he'd be sitting outside the sandbox watching the other kids get dirty. At a high school dance, he'd be the loner against the wall. From Janet Yellen at the Federal... Reserve to Raghuram Rajan in India, the world's central bankers have entered an active phase shaping strategies and buying bonds and hiking interest rates (and even arguing in public!) to mold a post-crisis monetary policy. Faced with massive unemployment in some parts of the euro zone and an acknowledged threat of deflation, European Central Bank president Draghi on Thursday announced that the ECB's response would be to wait for more data.
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Senate GOP ObamacareLast week, three GOP senators--Tom Coburn of Oklahoma, Richard Burr of North Carolina, and Orrin Hatch of Utah--unveiled the latest "repeal and replace" Obamacare plan.  One of the key questions... people are asking is whether this plan (dubbed the "Patient Care Act") is a net tax cut, a net tax hike, or revenue-neutral.
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NEW YORK, N.Y. - The stock market had its best day this year, nearly erasing the steep losses from early this week. The gains came after encouraging news on the U.S. job market and Disney and other... companies reported solid earnings. The Dow Jones industrial average jumped 188 points, or 1.2 per cent, to close at 15,628 Thursday. The Standard & Poor's 500 index rose 21 points, also 1.2 per cent, to 1,773. It was the best gain for both indexes since Dec. 18. Both are still down about half a per cent for the week following a steep drop on Monday. The Nasdaq composite gained 45 points, or 1.2 per cent, to 4,057. Disney jumped 5 per cent after the media company reported earnings that beat analysts' estimates, thanks partly to its box-office hit "Frozen."
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The One (and Most Important)Netflix has famously claimed that it wants to “become HBO faster than HBO can become us." But his company has a long way to go to reach HBO's fat profit margins, which were revealed for the first... time by parent company Time Warner in an earnings report Wednesday (TIME is also owned by Time Warner.) The media giant announced that its HBO division, which includes the eponymous flagship channel and Cinemax, generated $4.9 billion in revenue in 2013, a 4 percent increase from the year before. The division had an operating income of nearly $1.7 billion for the year, up 8 percent from the year before. The two channels combined added 2 million U.S. subscribers in 2013, Time Warner CEO Jeff Bewkes said in an earnings call with investors. It was the largest growth figure in 17 years. "HBO remains...
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LinkedIn's Outlook FallsLinkedIn's stock took a pounding after the company announced that its current quarter results won't live up to Wall Street's expectations.
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What Would Bond Say? AstonWhat would James Bond say? Luxury British car maker Aston Martin says tomorrow it will notify more than 5,000 U.S. drivers of its Coupes, Roadsters, Volantes, and Rapides that the cars are being... recalled. Their defect: A Chinese-made part, fabricated with counterfeit material, could cause them to crash, according to Jennifer Tim     
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The Obama administration is considering an extension of the president's decision to let people keep their individual insurance policies even if they are not compliant with the health care overhaul,... industry and government officials said Thursday. Avalere Health CEO Dan Mendelson said Thursday that the administration may let policyholders keep that coverage for as long as an additional three years, stressing that no decision has been made. Policymakers are waiting to see what rate hikes health insurers plan for the insurance exchanges that are key to the overhaul's coverage expansions.
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DealBook: New York RegulatorThe office of Benjamin Lawsky, the superintendent of New York's Department of Financial Services, has halted the transfer of about $39 billion in servicing rights to Ocwen from Wells Fargo.     
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Eating Yogurt Could CutAdding lowfat yogurt to your diet can cut diabetes risk by 28 percent, new research shows.
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Top US Diplomat Says 'F-- TheThe State Department's top official for Europe was allegedly caught on tape saying, "F— the E.U.," in what was an apparent a bout of frustration toward the European Union's lack of action in solving... Ukraine's political crisis. Assistant Secretary of State for European Affairs Victoria Nuland allegedly made the inflammatory remarks, which were posted on YouTube on Feb. 4 and first reported by The Kyiv Post on Thursday. Nuland was reportedly speaking to U.S. Ambassador to Ukraine Geoffrey Pyatt. The U.S. pointed a finger at Russia for having a role in the call's leak. The publication reported that the conversation took place after Ukrainian President Viktor Yanukovych made an offer on Jan. 25 to opposition leader Arseniy Yatseniuk. Under the deal, he would become prime minister, while...
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New app shares spirit of the 2014 Boston Marathon

Montreal Gazette - 6 Feb 2014 23:10
BOSTON - The Boston Athletic Association has launched an app that aims to allow runners who can't participate in the 2014 Boston Marathon to feel like a part of it.
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U.S. exports reached a record $2.27 trillion in 2013, and the overall trade deficit narrowed. Yet the United States still bought a gargantuan amount of stuff from China last year a record amount of... red ink on the trade accounts. And despite the strong export performance, growth over the year was anemic.
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Ford is being urged to make its future intentions clear after the company announced it would start cutting 300 jobs in June.
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President Barack Obama's upcoming visit to Michigan State University to sign the sweeping farm bill underscores the legislation's importance to the East Lansing school and other research and... agriculture-focused institutions.
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Cancer drug may lose patent shield

Times of India - 6 Feb 2014 23:07
The government is studying options to issue a compulsory licence on life-saving anti-cancer drug dasatinib, which could bring down its price by over 90%.     
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Sun Life Investment Management Inc. will offer pooled funds focused on private fixed-income investments, commercial mortgages and real estate.
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The Olympics: A Costly Feel-Good Moment

The New York Times - 6 Feb 2014 23:06
The Games are often billed as a boon for the host, a bonanza of tourism and television time. But host countries don't always benefit economically.     
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China watching Palmer's legal battle

Sydney Morning Herald - 6 Feb 2014 23:05
China watching Palmer's legalBillionaire miner Clive Palmer has accused Chinese company Citic Pacific of effectively "stealing Australian resources" after the its president made a rare public statement warning other potential... Chinese investors were carefully watching the warring partners' legal battle over mining royalties.     
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NEW YORK (AP) -- A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about... the testing of a potential breakthrough Alzheimer's drug.     
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AOL Employees Are Really AngryAOL is changing the way it matches the money its employees are socking away in their 401(k)s. Instead of matching contributions throughout the year, AOL will now wait until the year is over. This... change has some AOL employees very upset. They've written an open letter to CEO Tim Armstrong complaining that the lump sum payment is an  "unnecessarily risky investment strategy and deprive[s] workers who leave the company of retirement benefits they have earned. " These employees complain that management did not aggressively inform them that the change was coming. "Significant changes in compensation, especially changes that result in effective pay reductions, should not be buried in fine print, but discussed openly with employees by a company manager. We all love this company and enjoy...
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Grain mixed, livestock mostly lowerr

Miami Herald - 6 Feb 2014 23:03
Grain futures were mixed Thursday on the Chicago Board of Trade.
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Oh, WTF, People?

TPM - 6 Feb 2014 23:01
In fit of genius, California school decided to celebrate Black History Month with menu of friend chicken, cornbread and watermelon.
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STOCKS RALLY, TWITTER DIVES:It was nice to see a healthy amount of green in the stock markets today. First, the scoreboard: Dow: 15,628.5 (+188.3, +1.2%) S&P 500: 1,773.4 (+21.7, +1.2%) Nasdaq: 4,057.1 (+45.5, +1.1%) And now the... top stories: There was quite a bit of company-specific news today.  Leading the way was Twitter, which crashed after the company published its quarterly financial results. The company's earnings were actually stronger than expected, but management indicated that Twitter users' timeline views were actually on the decline. Shares of Green Mountain Coffee exploded after Coca-Cola announced it would be taking a 10% stake in the company. "With The Coca-Cola Company as a global strategic partner in our multi-brand at-home Keurig Cold beverage system, we believe there is significant opportunity to...
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Topshop Is Opening A FlagshipBritish fashion brand Topshop said Wednesday it would open a flagship New York store on Fifth Avenue, its second largest branch worldwide. The brand also announced plans to open four more stores in... the United States: in San Diego, Washington DC, Houston and Atlanta. The new Manhattan store will be located on Fifth Avenue, on the corner of 49th Street, adjacent to the Rockefeller Center. Second only in size to Topshop's branch on London's Oxford Street, it will open this autumn. British tycoon Philip Green, the chairman of Topshop's parent company the Arcadia Group, sold a 25-percent stake in the Topshop/Topman brand to Leonard Green and Partners, a US private equity firm, in a bid to fuel the brand's international expansion. Green said: "Following the investment of Leonard Green and...
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Two of the more vocal Republican critics of efforts to unionize the Volkswagen assembly plant in Tennessee are taking opposing approaches to a pending vote on the issue next week.
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Refuse smart meter? You'll be charged

Chicago Tribune - 6 Feb 2014 22:58
Refuse smart meter? You'll be'Refusal is simply deferring the inevitable,' the Illinois Commerce Commission saysComEd customers who refuse smart meters will be charged $21.53 a month, regulators decided Wednesday.
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New York Times beats on revenue and profit

Globe and Mail - 6 Feb 2014 22:57
Fourth-quarter revenue fell 5.2 per cent to $443.9-million (U.S.), beating analysts' estimates for $441-million
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Another Obamacare Tragedy

TPM - 6 Feb 2014 22:56
A new disaster: by ending job lock, Obamacare will likely boost entrepreneurship.
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9 Common Misconceptions About Alcohol

Business Insider - 6 Feb 2014 22:54
9 Common Misconceptions AboutYou may drink, and you may party, but do you get My Drunk Kitchen wasted? Well, it seems that drunk cooking video host Hannah Hart's learned her fair share from her series — she hosted Mental... Floss's weekly video list laying out 29 common misconceptions about alcohol. Here are the 9 biggest alcohol-related myths, and why they are false. Check out the full 29 on Mental Floss or below. 1. Liquor before beer never fear, beer before liquor never sicker. There's no magical order of drinking that will save you from a hangover the next day. The order you drink certain types of alcohol in doesn't matter — even switching between beer, wine, and liquor throughout the night won't make a difference. Bottomline: all that matters is how much you drink, not if you saved the beer for last. 2. Breaking...
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TORONTO - The pressure of RRSP season can be relentless, but advisors suggest young Canadians think carefully before they pile money into the long-term savings plan, especially if they're in unstable... jobs or have lingering debts. The instability of the modern workplace has made it more complicated than simply tossing money into a savings plan, locked away for years to come. People in their mid-20s to early 30s are increasingly working part-time or contract jobs that leaves them with an uncertainty about the future that would have been unheard of a few decades ago. So the advice from financial advisors is to weigh whether it makes sense to contribute to an RRSP given your financial situation, especially if you have student loans or a home mortgage. Hamilton resident Rikesh Modi faced that...
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RRSPs For Younger Canadians: Invest Carefully, Advisors Say

The Huffington Post - CA - 6 Feb 2014 22:53
RRSPs For Younger Canadians:TORONTO - The pressure of RRSP season can be relentless, but advisors suggest young Canadians think carefully before they pile money into the long-term savings plan, especially if they're in unstable... jobs or have lingering debts. The instability of the modern workplace has made it more complicated than simply tossing money into a savings plan, locked away for years to come. People in their mid-20s to early 30s are increasingly working part-time or contract jobs that leaves them with an uncertainty about the future that would have been unheard of a few decades ago. So the advice from financial advisors is to weigh whether it makes sense to contribute to an RRSP given your financial situation, especially if you have student loans or a home mortgage. Hamilton resident Rikesh Modi faced that...
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Maruti drives in automatic at Rs 4.29L

Times of India - 6 Feb 2014 22:53
The entry version of the 998-cc Celerio comes for Rs 4.29 lakh (ex-showroom Delhi) and this is only Rs 39,000 dearer than the manual version, against a much higher price difference (of up to Rs 1... lakh) in several models.     
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SAC's Martoma found guilty of insider trading

Washington Post - 6 Feb 2014 22:53
A Manhattan jury convicted former SAC Capital Advisors portfolio manager Mathew Martoma on Thursday of what prosecutors described as the most lucrative insider-trading scheme ever, adding to the... troubles of the beleaguered hedge fund and its billionaire owner, Steven A. Cohen.
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Correction: Legal License Fight story

The Huffington Post - CA - 6 Feb 2014 22:51
SAN FRANCISCO - In a story Jan. 27 about the California Supreme Court's denial of a law license to former journalist Stephen Glass, The Associated Press relying on information from the court reported... erroneously the publisher of a key article fabricated by Glass. The article "Hack Heaven" was published in The New Republic, not George magazine. A corrected version of the story is below: Court: Disgraced ex-journalist can't practice law California high court denies law license to ex-journalist who fabricated stories in magazines By PAUL ELIAS Associated Press The California Supreme Court on Monday denied a law license to a disgraced former journalist who was caught fabricating dozens of stories for major national magazines. The unanimous seven-judge court ruled that Stephen Glass had...
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NASA's Curiosity rover caught a glimpse of Earth and its moon on Jan. 31. Earth appears as a bright "evening star" in photos:
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Tomorrow Is The Jobs Report --The U.S. Bureau of Labor Statistics releases the January jobs report on Friday morning at 8:30 AM ET. The median estimate of 92 market economists polled by Bloomberg is that 180,000 workers were hired... to nonfarm payrolls in January after last month's report revealed only 74,000 hires, well below everyone's estimates. Meanwhile, economists predict 185,000 workers were hired to private-sector payrolls, implying a net 5,000 reduction in government employee headcount. The big question is whether the weather effects that appeared to drag down the December number will also weigh on the January report. The consensus view seems to be that this is not likely to be the case due to the fact that temperatures were actually relatively warm over the period in which the January survey was conducted. "The...
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Republicans have had a field day with the Congressional Budget Office report released this week, claiming it shows Obamacare will destroy the American work ethic and force people to rely on the... government. Never mind that reality is a bit more complicated than that. You could argue that the GOP should actually embrace the law because it could do the opposite: give Americans the freedom to start their own businesses.
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Alex Ovechkin To EveryoneRussian hockey player Alex Ovechkin thinks Sochi is being unfairly criticized for its lack of preparedness for the Olympics. In a press conference on Thursday, Ovechkin said that reporters are giving... Russia tougher treatment than they did Torino in 2006, even though construction work was ongoing in that city as well. His message: Just settle down. Here's what he said (via the Washington Post): "I’ve been in three Olympic games. I remember Turin and Vancouver and nobody said something bad about Vancouver and Turin. Why you guys always try to find some bad things in Sochi? Sometimes it’s just funny to see how people try to find – they have lights in the toilets or they have bathroom on tour. "It’s Olympics, guys, come on. Everybody have to be enjoy and don’t find bad stuff out...
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Review: NBC Olympics onlineNBC comes close to gold in delivering the Winter Olympics online from Sochi, Russia.
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Several years of budget battles and a government shutdown last year captured headlines but amounted to fights over the easy stuff. A new projection for the U.S. fiscal outlook over the next decade... makes it clear the hard choices are still ahead as the baby boom generation retires.
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NY names 3 members of casino siting board

Miami Herald - 6 Feb 2014 22:45
A college president and New York City's former comptroller are among three members appointed to the state board that will select casino operators.
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Murdoch's 21st Century Fox profits fade

Sky News - 6 Feb 2014 22:43
Rupert Murdoch's 21st Century Fox has reported a drop in quarterly profits while revenues rose.     
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Kellogg's sales decline four per cent

Sky News - 6 Feb 2014 22:43
The maker of Cornflakes and Special K said sales in its flagship US breakfast unit declined four per cent.     
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Car maker Daimler rebounds in Q4

Sky News - 6 Feb 2014 22:43
Car manufacturer Daimler AG has finished 2013 strongly after a rough start including a profit warning.     
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Philip Morris Int'l 4Q profit falls 5%

Sky News - 6 Feb 2014 22:43
Tobacco giant Philip Morris International says its fourth-quarter profit has dropped five per cent.     
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Energy firm expects total capital expenditure at $5.2-billion (U.S.) to $5.6-billion
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Why No One Is Reading WhatI see it often: Businesses hire a blogger, or rely on an existing employee to spearhead their content strategy. They have high hopes for increased website traffic, email subscribers and sales.
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Disney makes investors' dreams reality

The Australian - 6 Feb 2014 22:41
Disney makes investors' dreamsSTRONG earnings from Disney helped drive US stocks sharply higher, putting the Dow close to its best gain of the year.
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Cyrus Mistry interim head at Tata Motors

Times of India - 6 Feb 2014 22:40
In a first after becoming the chairman of Tata Group over a year ago, Cyrus Mistry is taking on an operational role in a group company.     
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NEW YORK, N.Y. - The prices of oil rose Thursday as a positive report on the U.S. labor market and more cold temperatures boosted expectations of higher demand for heating oil. Benchmark West Texas... Intermediate crude for March delivery rose 46 cents to close at US$97.84 a barrel on the New York Mercantile Exchange, after earlier rising near US$99. The U.S. Labor Department said the number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects. Those figures came a day before a widely anticipated report on January employment. With chilly temperatures across the middle of the United States and into the U.S. Northeast, demand for heating oil remains strong. That should boost...
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Alix Gould-Werth and Alexander Hertel-Fernandez show us the real problem with unemployment insurance ... in one chart. Read about their thoughts on how to fix it and see the chart, below:
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Finance news you need to know

Daily Telegraph - 6 Feb 2014 22:39
Finance news you need to knowON FRIDAY morning, the Australian dollar was trading at 89.71 US cents while the local market looks set to open higher following strong gains on Wall Street.
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Scooter rides back to life on Indian roads

Times of India - 6 Feb 2014 22:37
The strong trend started from smaller towns and cities and has been rapidly spreading to metros.     
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FOR SALE: 14 Mansions WithIf your home is your castle, the bathroom undoubtedly holds the throne.  Since people spend, on average, a year and a half of their lives in the bathroom, it should be a nice place to be, especially... if you're plunking down a million or more for your house. The experts at the real estate listing site Estately helped us find the homes on the market right now with the most luxurious bathrooms you can imagine. We're talking everything from sitting rooms equipped with flatscreen TVs to marble statues and golden fixtures. By far, California plays home to some of the most extravagant loos across the country. This cool bathroom fits into its Western locale. Address: 6427 East El Sendero Road, Carefree, Arizona Price: $2.2 million As seen on HGTV, this remodeled home takes advantage of its...
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As part of Miami-Dade County Schools’ massive digital transformation project, Superintendent Alberto M. Carvalho announced Thursday a rollout of 100,000 HP and Lenovo Windows 8 devices by August.... Beginning this spring, 13,000 elementary school students, along with 15,000 7th grade civics students and 9th grade world history students will get devices. Additionally, more than 10,000 interactive boards will be added to classrooms across the district.
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TOKYO (AP) -- The ghostwriter of famous musical scores credited to Mamoru Samuragochi says he saw no evidence the deaf Japanese composer was unable to hear.
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House Minority Leader Nancy Pelosi (D) won't be appearing on "The O'Reilly Factor" anytime soon.
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WASHINGTON (AP) -- Some flood insurance premiums required under a 2012 law now won't be raised until the fall of 2015 at the earliest.     
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Australian market set to open higher

Daily Telegraph - 6 Feb 2014 22:28
Australian market set to openTHE Australian market looks set to open higher following strong gains on Wall Street ahead of a much-watched US labour market report and amid mixed trade and labour data.
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PARIS (AP) -- French President Francois Hollande says during his U.S. trip next week he'll broach the thorny issue of getting Internet companies to pay the tax man like smaller companies do.     
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Photos: Pope's Harley at Paris Auction

ABC News - 6 Feb 2014 22:24
Photos: Pope's Harley at ParisSomeone spent 241,500 euros on Pope Francis' Harley-Davidson.     
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The Senate on Thursday voted unanimously to confirm Sen. Max Baucus (D-MT) as the next U.S. Ambassador to China. The vote was 96-0.
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Banks Vie To Get £200mFirms are pitching this week to work on the sale of a 40% stake in the cross-Channel service, Sky News understands.
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This Week In IBTimes Magazine

IBTimes - 6 Feb 2014 22:21
Here's a preview of this week's IBTimes Magazine: Investors Flock To Islamic Bonds Western investors are getting into Islamic bonds (which adhere to Shariah law) because the returns are often higher.... Does that mean we'll see secret Shariah cattle farms in the American heartland, and Wall Street types in Muslim attire? Kathleen Caulderwood investigates. Congo Mountain Gorillas, Advocates Face Uphill Climb
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The company beat analyst expectations in the fourth quarter as its net losses were cut to $3-million (U.S.), from $45-million a year earlier
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Matt Damon Gave A EloquentWhile on the promotional trail for his upcoming film "The Monuments Men," Matt Damon took some time to stop by Reddit for an AMA (Ask Me Anything) with fans. The film, which opens Friday, has a huge... ensemble cast of stars from George Clooney to Bill Murray, so while a lot of the questions had to do with Damon, there was also a bunch dealing with his co-stars, his friends in Hollywood, and their antics. While some celebrities answer questions with brief responses, Damon spoke very candidly to fans about roles. We've compiled some of the best highlights below. You can check out the full AMA here. What the best prank his "Monuments Men" and "Ocean's 11" co-star, George Clooney ever pulled on him: "I got these giant fruit baskets in the mail from Tina Fey and Amy Poehler. They had just made...
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Australian dollar rallies

Daily Telegraph - 6 Feb 2014 22:19
Australian dollar ralliesTHE Australian dollar has rallied to 89.71 US cents on better-than-expected trade figures.
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BC-Cotton Bale

Miami Herald - 6 Feb 2014 22:18
Cotton futures No. 2 closed $1.15 to $4.20 a bale higher Thursday.
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Unemployment bill stalled again in Senate

Miami Herald - 6 Feb 2014 22:18
Republicans have blocked legislation from advancing in the Senate to restore benefits for the long-term unemployed.
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We all think our local innovation scene is pretty awesome but, for a reality check, it's always good to get an outsider's perspective. So I was eager to hear what Avecto co-founder Paul Kenyon had to... say about the decision by his Manchester technology company -- Manchester, England, that is -- to open an office in Cambridge last week.     
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The 2014 Sochi Winter Olympics start tonight. But if you're among the 9 percent of U.S. households who have broadband but don't subscribe to paid television, it will be nearly impossible to (legally)... watch the games online this year.
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Three Little Letters That Count

Forbes - 6 Feb 2014 22:16
There is one small thought that is often forgotten at the end of nearly every meeting.  Can you guess what that is?
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Sen. Elizabeth Warren (D-MA) on Thursday called on President Obama to nominate fewer judges who have represented corporate interests and more with backgrounds working for public interest groups.... "Power is becoming more and more concentrated on one side," she said at an event organized by the left-leaning Alliance for Justice. "Well-financed corporate interests line up to fight for their own privileges and resist any change that would limit corporate excess."
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Unemployment bill stalled anew in Senate

News Observer - 6 Feb 2014 22:15
Senate Republicans narrowly blocked the advance of legislation to restore benefits for the long-term unemployed on Thursday for the second time in less than a month, and Democrats said they…
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The National Science Board's 2014 set of indicators, which tracks the state of science-related funding, public attitudes, and education in the U.S. and abroad, just dropped, in all its 600-page glory.... There are a ton of interesting bits scattered throughout the report, but the big takeaway is how America's doing in relation to the rest of the world: Not great, at least in terms of the percentage of the world's research funding comes from here.
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New Hampshire ReachesNew Hampshire emerged Thursday as the latest state that appears poised to expand Medicaid. The Associated Press reported that after months of private meetings, Granite State Senate negotiators reached... a bipartisan deal. The agreement would expand health insurance access to just under 50,000 poor adults. "The bipartisan nature of this agreement shows what can happen when we work together to focus on the issues critical to the well-being of our state," Senate President Chuck Morse (Salem-R) told the AP. "At the end of the day, this is about expanding coverage for tens of thousands of mostly working, low-income citizens, supporting our providers, helping our state budget, and helping our economy. Our bill will do all of these things," Senate Democratic Leader Sylvia Larsen (D-Concord) added....
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Indian car show goes onIndia's car makers are optimistic despite falling sales
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Great White Hope

TPM - 6 Feb 2014 22:09
Sahil Kapur brings TPM readers the Massachusetts gubernatorial candidate -- Obama's first Affordable Care Act CEO -- who wants to bring single payer health care to his state. Just call him Bernie... Sanders Donald Berwick.
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Revenues up at 21st Century Fox

The Australian - 6 Feb 2014 22:09
Revenues up at 21st Century21ST Century Fox has reported a drop in quarterly profits while revenues rose at the film and TV conglomerate.
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MOUNTAIN VIEW, Calif. (AP) -- Google is introducing a videoconferencing tool designed to make it easier and less expensive to hold face-to-face business meetings even if the participants are scattered... in different locations.     
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MONTGOMERY, Ala. (AP) -- Alabama's chief justice, known on the national stage for fighting to display the Ten Commandments in a judicial building, is jumping into the gay marriage debate with his push... for a states-led constitutional amendment defining the institution as a union between one man and one woman.
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Toyota lands naming rights at famed Daytona

Miami Herald - 6 Feb 2014 22:03
Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway.
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Australian market set to open higher

Sky News - 6 Feb 2014 22:02
The Australian market looks set to open higher following strong gains on Wall Street.     
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Mathew Martoma helped Cohen's firm earn more than $250-million illegally, jury finds
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Hadekel: Smaller IT companies need room to compete

Montreal Gazette - 6 Feb 2014 22:01
Hadekel: Smaller IT companiesQuebec’s information technology industry has become a dynamic and essential piece of the provincial economy, but many of the smaller players are concerned about their future.
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One proposal would bring back pensions while a plan by the Obama administration would give younger people a break on market risk.     
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Australian market set to open higher

The West Australian - 6 Feb 2014 22:00
The Australian sharemarket looks set to open higher.
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Phishers are finding novel methods to bait people into sharing their banking details - the latest is an email using details of a 'closed-door meeting' at the Reserve Bank of India.     
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Individual Income Taxes MayOver the next decade, the individual income tax will be the fastest growing source of federal revenue, according to new estimates by the Congressional Budget Office. In fact, the individual income tax... will pretty much be the only revenue source likely to increase significantly over the next decade.  As a result, it will generate more than half of all federal revenue for the first time since the turn of the 21st century.
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need2know: Shares set to open higher

Sydney Morning Herald - 6 Feb 2014 21:58
need2know: Shares set to openLocal stocks appear likely to open higher on optimism that the US economy is headed in the right direction.     
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$A rallies to 89.71 US cents

Sky News - 6 Feb 2014 21:58
The Australian dollar continues to rally on better-than-expected trade figures.     
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need2know: Shares set to open down

Sydney Morning Herald - 6 Feb 2014 21:58
need2know: Shares set to openLocal stocks appear likely to open higher on optimism that the US economy is headed in the right direction.     
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Greek yogurt destined for the breakfast tables of American Olympic athletes in Sochi remains caught up in a bureaucratic web of international trade negotiations.
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20 Habits for Success II have spent decades "being educated" -- in college, graduate school, numerous professional certifications, and now a Ph.D. program. All of that schooling and training helped shape the person I am... today, but at no point in my life has there been a more profound education than my time working for Enver Yucel and Oprah Winfrey. Enver and Oprah are two extraordinary people. And on top of that, they're both billionaires. On the surface, they appear to be totally different people. They are in different industries, have different family structures, practice different religions, and speak different languages. However, once you get past their written biographies and dig deeper, you will notice they possess many of the same successful habits. I had the opportunity to work with both Oprah and Enver...
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Martoma Found Guilty in Insider-Trading Case

Wall Street Journal - 6 Feb 2014 21:57
A jury found former SAC Capital portfolio manager Mathew Martoma guilty of insider trading, a verdict that burnishes prosecutors' trial record but doesn't directly affect the firm's founder, Steven A.... Cohen.
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NEW YORK — A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the... testing of a potential breakthrough Alzheimer's drug.     
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DAYTONA BEACH, Fla. - Toyota Motor Corp. on Thursday became the first company to land a naming rights deal at the revamped Daytona International Speedway. The Japanese automaker and International... Speedway Corp., which owns the famous Florida track, announced the sponsorship deal at the Chicago Auto Show. The 11-year agreement, which begins in 2015, will provide Toyota with naming rights to one of the five massive fan entrances at the redesigned speedway. Toyota will have more than 20,000 square feet with which to work, giving the company plenty of space to showcase its automotive lineup and promote affiliated race teams. "This is a unique opportunity for Toyota to elevate our brand in the motorsports community," said Bob Carter, senior vice-president of automotive operations of Toyota...
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Sun Life adds new asset management business

Globe and Mail - 6 Feb 2014 21:54
Three pooled funds designed to attract defined-benefit pension plan investment by offering higher yields
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Quinn touts new biotech center in Chicago

Miami Herald - 6 Feb 2014 21:53
Illinois is investing approximately $4 million for a new Chicago center designed to help start medical technology companies, state officials announced Thursday.
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Republican senators on Thursday blocked a three-month revival of long-term unemployment compensation for 1.7 million Americans out of work. Democrats fell just one vote short of the 60 needed to break... a filibuster. Four Republicans voted with Democrats -- Sen. Dean Heller (NV), Kelly Ayotte (NH), Lisa Murkowski (AK) and Susan Collins (ME). Senate Majority Leader Harry Reid (D-NV) changed his vote at the last minute to preserve the option of bringing up the bill in the future. The final vote was 58-40. It's the latest move in a six-week game of cat and mouse where Democrats try to find a way to revive the emergency jobless benefits and Republicans say the proposal that Democrats come up with is not good enough.
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