Daily Archives: August 9, 2013

Business Briefing | Company News: UBS Settles Suit in Lehman Brothers Bankruptcy

UBS has agreed to pay $120 million to settle a lawsuit by investors who accused the Swiss bank of misleading them about the financial condition of Lehman Brothers in connection with the sale of structured notes. read more

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U.S. says no charges for border agent who shot Mexican teen

PHOENIX (Reuters) – U.S. authorities will not bring charges against a Border Patrol agent in Arizona who shot dead a rock-throwing Mexican teenager two years ago because the fatal injury did not occur in the United States, the Justice Department said on Friday. read more

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DealBook: Fearing Loss of Capital, SAC Talks of Layoffs

The beleaguered hedge fund SAC Capital Advisors is bracing for investors to pull virtually all of their remaining money, a humbling blow to a once-powerful firm hobbled by criminal insider trading charges. read more

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One dead, several hurt in Libya fairground shooting: sources

TRIPOLI, Aug 10, 2013 (AFP) read more

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Fire crews tighten grip on California blaze as evacuations lifted

LOS ANGELES (Reuters) – Firefighters tightened their grip around a wind-driven blaze roaring for a third day through dry brush east of Los Angeles as evacuation orders were lifted on Friday for hundreds of homes, but the tally of property losses climbed higher. read more

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Suspect in California murder, kidnapped girl believed seen in Idaho

SALMON, Idaho (Reuters) – Horseback riders returning from the remote Idaho wilderness have told police they may have encountered a California man suspected of killing a longtime family friend and kidnapping her teenage daughter, the San Diego County sheriff said on Friday. read more

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DealBook: U.S. Said to Plan to Arrest Pair in Big Bank Loss

Government authorities are planning to arrest two former JPMorgan Chase employees suspected of masking the size of a multibillion-dollar trading loss. read more

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DealBook: America Movil Offers to Buy Dutch Phone Company KPN

The phone giant owned by the Mexican billionaire Carlos Slim Helú offered to buy the remaining 70 percent stake in the Dutch cellphone operator KPN that it does not already own. read more

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Bits Blog: 2 E-Mail Services Close and Destroy Data Rather Than Reveal Files

Lavabit, which was reportedly used by Edward J. Snowden, shut down, hinting at a secret government order, and Silent Circle, a similar end-to-end encrypted e-mail provider, followed suit. read more

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Four Vanderbilt football players charged with raping unconscious student

NASHVILLE, Tennessee (Reuters) – Four Vanderbilt University football players have been charged with the rape of an unconscious 21-year-old female student in one of their dorm rooms this summer, police said on Friday. read more

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Buckeye resumes deliveries in all New York locations after outage

(Reuters) – Buckeye Partners LP said it has resumed all deliveries in all New York locations as of 6:30 p.m. (2230 GMT) following an outage after a water main break in the area. read more

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Media Experts Ponder Future of Newspapers After Washington Post Sale

Amazon.com founder Jeff Bezos made news this week following reports that the Internet pioneer had purchased one of the nation’s top newspapers – The Washington Post. The newspaper has been losing money for years. Initial reaction to the $250-million deal has been mostly positive. The buyout is raising questions, however, about the future of the struggling newspaper industry. read more

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McIlroy Celebrates Making the Cut

Rory McIlroy already was 5 over for his round and appeared headed to another short week in a major. He finished with four birdies on the last eight holes, including a 40-foot putt from off the green, and achieved a first in his PGA Tour career. read more

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Column: 'John Daly of Asia' Makes His Mark at PGA

I’m thinking of changing my name to Justin Timberlake. read more

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