Archive for May, 2014

Hagel: China territorial claims destabilize region

May 31, 2014
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SINGAPORE (AP) — Defense Secretary Chuck Hagel warned an international security conference Saturday that the U.S. “will not look the other way” when nations such as China try to restrict navigation or ignore international rules and standards.
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NBA ends dispute with Sterling’s wife, will vote on Clippers sale

May 31, 2014
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NBA ends dispute with Sterling’s wife, will vote on Clippers sale

The NBA’s Board of Governors will vote to approve Steve Ballmer as the Los Angeles Clippers‘ owner after the league canceled Tuesday’s hearing to terminate the Sterling family’s ownership of the team – a move that will likely end Donald Sterling’s 33-year reign atop the franchise.
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Ukraine crisis: Mixed signals and murky militias

May 31, 2014
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DONETSK, Ukraine (AP) — The scruffy rebels who normally wander about the headquarters of the separatist Donetsk People’s Republic were mostly out of view on Friday, replaced by a disciplined new faction who showed up a day earlier with an armored personnel carrier and anti-aircraft gun.
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U.S. investigating Icahn, Mickelson in insider trading probe:source

May 31, 2014
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By Jennifer Ablan NEW YORK (Reuters) – The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said.
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Alibaba among companies looking to invest in AppNexus – WSJ

May 31, 2014
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(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is one of several companies that are in talks to invest for a stake in U.S.-based advertising technology firm AppNexus, the Wall Street Journal said, citing sources familiar with the matter.
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Wall Street closing highs buck trend as most equities flat

May 30, 2014
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By Herbert Lash LONDON (Reuters) – Global equity markets traded mostly flat on Friday but the Dow and S&P 500 set fresh closing highs, while the dollar eased on the likelihood the European Central Bank will deliver monetary stimulus next week.
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TSX edges up with help from Valeant

May 30, 2014
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TORONTO, May 30, (Reuters) – Canada’s main stock index edged higher on Friday, pulled up by Valeant Pharmaceuticals International after it again boosted the cash component of its takeover bid for drugmaker Allergan, a move that bucked up market sentiment following the release of weak economic growth figures early in the day.
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Shinseki resigns amid VA scandal

May 30, 2014
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A day after calling Veterans Affairs Secretary Eric Shinseki “an American hero,” President Barack Obama on Friday announced he had accepted the retired general’s resignation amid a political firestorm over his agency’s dramatic and sometimes deadly failure to care for wounded vets.
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Medicare coverage ban on sex-change surgery lifted

May 30, 2014
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SAN FRANCISCO (AP) — Transgender people receiving Medicare may no longer be automatically denied coverage for sex reassignment surgeries, a U.S. Department of Health and Services review board ruled Friday in a groundbreaking decision that recognizes the procedures as a medically necessary and effective treatment for individuals who do not identify with their biological...
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Fed’s Mester stresses stable prices, inflation research

May 30, 2014
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By Jonathan Spicer CLEVELAND (Reuters) – The Federal Reserve cannot achieve full U.S. employment over the longer term without stabilizing prices, incoming Fed policymaker Loretta Mester said on Friday, stressing that clear communication will be key as the central bank returns to a more normal policy stance.
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