Archive for February 27th, 2013

Justice Department says wins $1 billion Dow Chemical tax shelter case

February 27, 2013
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WASHINGTON (Reuters) – The Justice Department said on Wednesday it has won a $1 billion tax shelter case against Dow Chemical Co that involved a Swiss partnership, Wall Street financial giant Goldman Sachs and international law firm King & Spalding.
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LCH.Clearnet to raise 300 mln stg, Nasdaq to up stake – report

February 27, 2013
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Feb 27 (Reuters) – LCH.Clearnet will raise 300 million pounds ($454 million) through a capital raising in the coming
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John Kerry busts out his French-speaking skills

February 27, 2013
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Secretary of State John Kerry busted out a bit of the language of Molière and Gérard Depardieu on Wednesday as he met in Paris with his French counterpart, Laurent Fabius. How’d he do?
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Marines T-shirt a no-no at Illinois school

February 27, 2013
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A father wants an Illinois school district to rethink its dress code after his 14-year-old son was threatened with suspension if he did not remove his U.S. Marines T-shirt.
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Wall Street inches up after data

February 27, 2013
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NEW YORK (Reuters) – Stocks added modestly to earlier gains after data showed that contracts to buy previously owned U.S. homes rose more than expected in January.
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Stocks edge higher in early trading

February 27, 2013
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Stocks edged higher in early trading on Wall Street, boosted by gains for discount retailers, after Dollar Tree posted strong earnings.
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Pope bids emotional farewell at St. Peter’s

February 27, 2013
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VATICAN CITY (Reuters) – Pope Benedict bid an emotional farewell at his last general audience on Wednesday, saying he understood the gravity of his decision to become the first pontiff to resign in 600 years but that he had done it for the good of the Roman Catholic Church.
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Al Qaeda moves in: Could North Africa explode?

February 27, 2013
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On the Radar While John Kerry is making Syria the focus of his first international trip, the newly-minted Secretary of State has likely already discovered that Syria is only one among many volatile situations around the world. From the “genocidal type” war in Syria to the growing presence of al Qaeda affiliates in Northern...
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Airbus parent EADS sees Q4 earnings fall

February 27, 2013
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BERLIN (AP) — Airbus parent company EADS NV posted a 47 percent drop in fourth-quarter net profit Wednesday after taking costly charges at its helicopter and defense electronics divisions.
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Centrica’s British Gas faces public wrath as earnings rise

February 27, 2013
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LONDON (Reuters) – Centrica , which owns Britain’s biggest household energy supplier British Gas, sought to justify a 5 percent rise in full-year earnings as it grapples with poor public perception in tough economic times.
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