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U.S. dollar marks worst week versus yen in a year
ReutersNEW YORK (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency. Some...Tags: BNP Paribas, Enrico Letta, Market and Exchange, France, White House
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Exxon still waiting for ruptured Pegasus pipeline test results
Reuters* Almost two months since Mayflower, Arkansas, spill * Arkansas politicians demand part of line rerouted By David Sheppard NEW YORK May 24 (Reuters) - Exxon Mobil Corp is still waiting for test results from the ruptured section of its 95,000 barrel-...Tags: Sunoco Logistics Partners LP, Oil Spills, U.S. Department of Transportation, Government, Upstream Oil and Gas Activities
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Obama's drone speech could improve ties with Pakistan even though the strikes will continue
Associated PressISLAMABAD (AP) — President Barack Obama's decision to impose more restrictive rules governing U.S. drone strikes and his prediction that they will be used less could pave the way for better relations with the new government of key ally Pakistan,...Tags: Pakistan, Armed Conflicts, Islamabad (Pakistan), Nawaz Sharif, Unrest, Conflicts and War
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Senator urges 'extreme caution' on SoftBank -Sprint deal
ReutersWASHINGTON (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. "I have real...Tags: Jack Lew, National Security, Huawei Technologies Co. Ltd., Sprint Nextel Corporation, Consumer Goods Industries
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Bausch & Lomb's Ista pleads guilty over kickbacks
Reuters(Reuters) - Ista Pharmaceuticals Inc pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle criminal and civil liability, the U.S....Tags: Criminals, Bausch & Lomb, Government Health Care, Trials, Glaucoma
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COLUMN - What war on the press?
Reuters(Jack Shafer is a Reuters columnist but his opinions are his own.) By Jack Shafer May 24 (Reuters) - President Barack Obama has declared war on the press, say writers at Slate, the Daily Beast, Reason, the Washington Post (Jennifer Rubin, Dana Milbank...Tags: Lindsey O. Graham, WikiLeaks, Stuxnet Virus, The Washington Post, National Security
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Chile blocks Pascua-Lama mine, fines Barrick $16 million for serious environmental violations.
Associated PressVALLENAR, Chile (AP) — Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental...Tags: Environmental Issues, Sebastian Pinera, Lagos (Nigeria), Gold and Precious Material, Barrick Gold Corporation
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ANALYSIS-German economy to pick up but fall short of traditional pace
Reuters* Economists say Q1 disappointed hopes for dynamic recovery * Euro crisis, global slowdown, weak yen hurting exports * Govt hopes firms will start investing, economists doubtful * Weak economy could impact election campaign By Sarah Marsh BERLIN, May...Tags: Energy, Elections, Economy, Business and Finance, Japan, Upstream Oil and Gas Activities
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BA jet makes emergency landing after engine fire
ReutersLONDON (Reuters) - A British Airways plane with 80 people on board made an emergency landing at London's Heathrow airport on Friday after the right engine burst into flames shortly after take-off and the casing ripped away from the left. The British...Tags: Oslo (Norway), Transportation Accidents, Government, British Airways Plc, London Heathrow Airport
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Kerry says Israelis, Palestinians must make tough decisions
ReutersTEL AVIV (Reuters) - Israeli and Palestinian leaders must decide soon on whether to revive long-dormant peace negotiations to end their decades-old conflict, U.S. Secretary of State John Kerry said on Friday. Ending two days of meetings in the region,...Tags: International Criminal Court, International Court or Tribunal, John Kerry, Mahmoud Abbas, Israel
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INSIGHT-Luxury brands position for U.S. boom
Reuters* Affluent U.S. consumers feel it's safe to spend again * China second to U.S. in 2012 luxury retail growth * Influx of tourists will help as Obama reworks visa wait * Top brands expanding across the United States By Astrid Wendlandt and Phil Wahba...Tags: International Travel, Balenciaga, Ralph Lauren, Francois-Henri Pinault, Hong Kong
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Insight: Luxury brands position for U.S. boom
ReutersPARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury...Tags: International Travel, Ralph Lauren, Balenciaga, Francois-Henri Pinault, Hong Kong
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