Archive for April 3rd, 2013

A mystery of the universe unfolds in space

April 3, 2013
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GENEVA (AP) — A $2 billion cosmic ray detector on the International Space Station has found the footprint of something that could be dark matter, the mysterious substance that is believed to hold the cosmos together but has never been directly observed, scientists say.
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$700 million in Katrina relief vanished

April 3, 2013
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Power Players Where did all the money go? “Your guess is as good as mine,” David Montoya, the inspector general of the Department of Housing and Urban Development, says of $700 million in missing taxpayer money that Louisiana homeowners were given in the wake of Hurricane Katrina to elevate and protect their homes from...
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S&P 500, Nasdaq fall more than 1 percent

April 3, 2013
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NEW YORK (Reuters) – The S&P 500 and Nasdaq fell more than 1 percent in afternoon trading on Wednesday, with energy among the sectors leading declines on the S&P 500 as oil prices fell sharply.
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Ex-Goldman trader Taylor pleads guilty to wire fraud

April 3, 2013
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By Lauren Tara LaCapra and Nate Raymond NEW YORK (Reuters) – Ex-Goldman Sachs Group Inc trader Matthew M. Taylor pleaded guilty on Wednesday to defrauding the Wall Street bank with an unauthorized $8.3 billion futures trade in 2007, saying he exceeded internal risk limits and lied to supervisors to cover up his activities.
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Stock futures edge higher, S&P’s record in view

April 3, 2013
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By Ryan Vlastelica NEW YORK (Reuters) – Stock index futures rose on Wednesday, putting the S&P 500 even closer to its all-time intraday high as investors awaited the latest round of economic data.
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S.P. Shukla to head Mahindra Defence Systems

April 3, 2013
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Mumbai, April 3 (IANS) The $15.9 billion Mahindra group Wednesday announced that S.P. Shukla will head Mahindra Defence Systems (MDS), a wholly owned subsidiary which is today regarded as a major Indian player in the Indian defence sector.
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N. Korea bars S. Koreans from joint factory

April 3, 2013
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PAJU, South Korea (AP) — North Korea on Wednesday barred South Korean workers from entering a jointly run factory park just over the heavily armed border in the North, officials in Seoul said, a day after Pyongyang announced it would restart its long-shuttered plutonium reactor and increase production of nuclear weapons material.
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Board: Risk of tank explosion at Hanford

April 3, 2013
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Underground tanks that hold a stew of toxic, radioactive waste at the nation’s most contaminated nuclear site pose a possible risk of explosion, a nuclear safety board said in advance of confirmation hearings for the next leader of the Energy Department.
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NEWSMAKER: U.S. Attorney Preet Bharara familiar with the limelight

April 3, 2013
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By Joseph Ax NEW YORK (Reuters) – Manhattan U.S. Attorney Preet Bharara has proven adept with the media, landing on the cover of Time magazine and being named the latest “Sheriff of Wall Street” by the financial press.
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RPT-Dubai developer Damac plans share listing – sources

April 3, 2013
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(Repeats story originally issued on Tuesday with no changes to text) By Dinesh Nair and Praveen Menon
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