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  • Yahoo buys blogging platform Tumblr for $1.1 bn cash Yahoo buys blogging platform Tumblr for $1.1 bn cash

    NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...

  • Actavis buying Warner Chilcott in $8.5bn deal Actavis buying Warner Chilcott in $8.5bn deal

    WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...

  • Morgan Stanley to sell Indian private banking arm to StanChart Morgan Stanley to sell Indian private banking arm to StanChart

    MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...

  • Government plans policy sweeteners for insurance industry

    By Chris VellacottLONDON (Reuters) - Britain plans to boost the insurance industry with policy sweeteners such as tax breaks, hoping to nurture it as a source of investment and an engine of economic growth.Treasury minister Greg Clark said the government would extend to the insurance industry a series of measures announced earlier this year to boost asset managers."The government recognises ...

  • Energy Stocks Energy stocks stretch winning streak to second day

    SAN FRANCISCO (MarketWatch) -- Energy stocks edged higher on Tuesday, extending a wining streak to a second day as the broader U.S. equity market was more ...


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Movie Review

No End in Sight

No End in Sight

While there currently appears to be no end in sight for U.S. involvement in Iraq, the irony of the title of Charles Ferguson's sober-eyed documentary is that it didn't necessarily have to be that way. While the film doesn't offer any solutions to what can only be described as a mili ... ...

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  • Wall Street drifts near record

    New York - US stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on ...

  • Wall Street Journal Supports Ridiculous Idea For Keeping Obama’s Judges Off The Bench

    ridiculous idea of reducing the number of judges in the D.C. Circuit. Sen. Grassley is the ranking Republican on the Senate Judiciary Committee and introduced legislation proposing this move. While it would add one seat each to the ...

  • European shares stall near peaks await Fed reassurance

    news ) falls 0.1 pct * Charts show scope for EuroSTOXX pullback towards 2,745 * Nomura recommends hedge on long equity bets By Toni Vorobyova LONDON, May 21 (Reuters) - European shares stalled around multi-year peaks on Tuesday, bolstered by a crop of upbeat corporate reports but pinned back by concerns about a possible end to the U.S. Federal Reserve remains committed to stimulus ...

  • METALS-Copper dips on China imports Grasberg limits losses

    Tue May 21, 2013 12:34pm EDT * China April refined copper imports down 33 pct from year ago * Freeport's Grasberg mine could face long closure * Traders await Thursday's flash PMIs from U.S., Europe, China By Maytaal Angel LONDON, May 21 (Reuters) - Copper dipped on Tuesday after disappointing import numbers from top consumer China, but losses were capped by a protracted production ...

  • UPDATE 2-Fiat Industrial seeks UK residence to cut tax bill

    Tue May 21, 2013 12:26pm EDT * UK has cut corporate tax rate to 20 pct from 30 pct * Fiat Industrial paid 36 pct effective rate in Italy in 2012 * Government opposes move By Jennifer Clark MILAN, May 21 (Reuters) - Italy-based truck and tractor maker Fiat Industrial plans to lower its tax bill by shifting its residence to Britain after a planned merger with unit CNH, a move that drew angry ...

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