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Judge dismisses suit claiming JPMorgan knew of Madoff fraud

Wednesday, 23 July 2014 - 23:59 PM - (Business)

JPMorgan Chairman and CEO Jamie Dimon speaks at the Aspen Institute's "Closing the Workforce Skills Gap" seminarA U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud. The lawsuit filed in February alleged that Chief Executive Jamie Dimon and 12 other current and former executives and directors turned "a blind eye to Madoff's thievery." The claims were based partly on statements Madoff gave in a series of interviews - including conversations with plaintiffs lawyers while in federal prison in North Carolina - about his interactions with the bank. Madoff was an important client of the bank for two decades. Judge Paul Crotty ruled there were not enough specific facts to prove the board breached their duties to shareholders.


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Argentina president says country will not default

Wednesday, 23 July 2014 - 23:58 PM - (World News)

BUENOS AIRES, Argentina (AP) — Argentina's president said Wednesday that her country will not go into default because it has been paying debts to bondholders on time.

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Malaysian airliner's voice recorder in good condition, says ICAO

Wednesday, 23 July 2014 - 23:57 PM - (World News)

By David Ljunggren OTTAWA (Reuters) - The cockpit voice recorder of the Malaysian airliner downed over Ukraine is in good condition, the U.N. civil aviation body said on Wednesday, adding that it was holding talks with airlines and states on how to assess the danger posed by conflicts. Malaysian Airlines flight MH17 was shot down by a missile over eastern Ukraine last week, killing almost 300 people. Officials from the Montreal-based International Civil Aviation Organization are helping Ukrainian and Dutch authorities probe the crash. "The cockpit voice recorder is in good condition ... the digital flight data recorder is still under review," ICAO said in a statement.

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Facebook beats Wall Street targets, stock hits record high

Wednesday, 23 July 2014 - 23:56 PM - (Business)

Facebook CEO Mark Zuckerberg speaks during a news conference at Facebook headquarters in Palo AltoBy Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. Facebook now counts 1.5 million advertising customers and the company's ad business saw strong growth across all of its geographic regions, Chief Operating Officer Sheryl Sandberg told Reuters in an interview on Wednesday. Investors bid up shares of Facebook roughly 5 percent to $75.13 in after-hours trading on Wednesday, giving the Internet company a roughly $190 billion valuation, putting it on par with IBM Corp. "It might be more expensive from a market cap perspective, but I don’t think anyone was expecting this level of profitability," JMP Securities analyst Ronald Josey said. Facebook's operating margin expanded to 48 percent of revenue in the second quarter, up from 31 percent in the year-ago period.


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McCaw back for Crusaders in Super Rugby semifinal

Wednesday, 23 July 2014 - 23:55 PM - (World News)

WELLINGTON, New Zealand (AP) — All Blacks captain Richie McCaw has been named at blindside flanker in the Crusaders' starting lineup for Saturday's Super Rugby semifinal against the Sharks.

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Republican asks if flight ban is boycott of Israel

Wednesday, 23 July 2014 - 23:54 PM - (World News)

FILE - This April 30, 2014 file photo shows Sen. Ted Cruz, R-Texas speaking on Capitol Hill in Washington. Cruz, a potential Republican presidential contender in 2016 is questioning whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel Aviv because of safety concerns amid fighting between Israel and Hamas. (AP Photo, J. Scott Applewhite, File)WASHINGTON (AP) — A potential Republican presidential contender in 2016 on Wednesday questioned whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel Aviv because of safety concerns amid fighting between Israel and Hamas.


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Navajo leader, mayor to meet on homeless killings

Wednesday, 23 July 2014 - 23:54 PM - (United States of America)

Bedding, clothing and broken glass litter a homeless encampment in Albuquerque, Monday, July 21, 2014, where three teenagers are accused of fatally beating two homeless men. The teens, aged 15, 16 and 18, have been charged with open counts of murder in the Friday night killings. (AP Photo/Jeri Clausing)ALBUQUERQUE, N.M. (AP) — Mayor Richard Berry will meet with top Navajo officials on Thursday about the killing of two homeless Native Americans who were found beaten beyond recognition in a vacant lot, his office said.


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Hosts seek end to 60-year Canadian Open drought

Wednesday, 23 July 2014 - 23:53 PM - (Sports)

Canada's Graham Delaet watches his ball on the 7th green during his first round on the opening day of the 2014 British Open Golf Championship at Royal Liverpool Golf Course in Hoylake, north west England on July 17, 2014The PGA Canadian Open returns to Royal Montreal Golf Club on Thursday, with Graham DeLaet leading a Canadian contingent vying to end a 60-year drought in their home event. Pat Fletcher's 1954 win was the last by a Canadian in the Canadian Open. Two dozen players have crossed the Atlantic Ocean to follow up their British Open campaigns at Royal Liverpool with a title tilt in Quebec.


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Rockets found at UN Gaza school have gone missing

Wednesday, 23 July 2014 - 23:52 PM - (United States of America)

United Nations Secretary-General Ban Ki-moon, left, meets with Jordanian Foreign Minister Nasser Judeh in the capital, Amman, Jordan, Wednesday, July 23, 2014. Ban is in the Middle East to meet regional leaders and U.S. Secretary of State John Kerry to make the highest-level push to end the war between Israel and Hamas in the Gaza Strip. (AP Photo/Khalil Mazraawi, Pool)UNITED NATIONS (AP) — Rockets found stashed at a U.N.-run school in Gaza "have gone missing," an "alarmed" U.N. secretary-general said Wednesday, demanding a full review of such incidents.


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Dogs are capable of feeling jealousy: U.S. study

Wednesday, 23 July 2014 - 23:51 PM - (Science)

Dogs wear traditional red scarves in PamplonaDogs are capable of feeling a basic form of jealousy, according to a study published in the PLOS ONE scientific journal. The research, said to be the first experiment on canine jealousy, could redefine the view that the complex emotion of envy is a human construct, said Christine Harris, University of California, San Diego psychologist and an author of the study.


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Hamas says Gaza truce talks "positive"

Wednesday, 23 July 2014 - 23:51 PM - (Politics)

Palestinian girls walk amidst debris following an Israeli military strike in Gaza city, on July 23, 2014A senior Hamas official said on Wednesday there had been progress in negotiations to end the Gaza conflict but the Islamist militants needed detailed guarantees that Israel would ease its blockade of the enclave. Talks to end the 16-day conflict have intensified with US Secretary of State John Kerry shuttling between Jerusalem and Cairo in a bid to forge a truce. Hamas, which sparked the conflict by firing rockets from Gaza into Israel, had rejected an Egyptian proposal that called for a ceasefire first and then negotiations.


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NASA puts out call for satellite communication services – on Mars

Wednesday, 23 July 2014 - 23:49 PM - (Science)

Handout of NASA's Mars Odyssey spacecraft passing above Mars' south pole in this artist's concept illustration released by NASABy Irene Klotz CAPE CANAVERAL Fla. (Reuters) - In what may be the ultimate in long-distance telephone service, NASA on Wednesday put out a call for a commercially owned and operated satellite network on Mars. The robotic probes, however, are useless if they cannot relay their results, and the two communication satellites currently in orbit are getting old. Mars Reconnaissance Orbiter followed in 2005. The aging of NASA’s Mars communications system comes as the United States, Europe, Russia and India mount a fresh wave of science campaigns, including two atmospheric probes slated to arrive at Mars in September and two life-hunting rovers due to launch in 2018 and 2020.


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Cruz suggests flight ban is boycott of Israel

Wednesday, 23 July 2014 - 23:49 PM - (Politics)

FILE - This April 30, 2014 file photo shows Sen. Ted Cruz, R-Texas speaking on Capitol Hill in Washington. Cruz, a potential Republican presidential contender in 2016 is questioning whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel Aviv because of safety concerns amid fighting between Israel and Hamas. (AP Photo, J. Scott Applewhite, File)WASHINGTON (AP) — Republican Sen. Ted Cruz on Wednesday questioned whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel Aviv because of safety concerns amid fighting between Israel and Hamas.


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Thousands hold new pro-Gaza rally in Paris amid tight security

Wednesday, 23 July 2014 - 23:47 PM - (Politics)

Protestors hold a Palestinian flag and a placard reading "Gaza My Love", as they take part in a demonstration on July 23, 2014 in ParisSeveral thousands held a fresh protest in Paris on Wednesday against the Israeli offensive in Gaza amid tight security days after similar rallies descended into violence and looting. Police said the rally gathered about 14,500 people, while organisers put the figure at 25,000. The government, which had banned the prior protests seeking to restrain what it called anti-Semitic radicals, authorised the march after its organisers gave "security guarantees", Prime Minister Manuel Valls said. The marchers, many of whom held Palestinian flags or stickers saying "Boycott Israel", shouted slogans such as "Israel killer" and "Long live Palestine, long live the resistance!"


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2-hour Arizona execution stirs outrage

Wednesday, 23 July 2014 - 23:46 PM - (Information Technology)

FILE - This undated file photo provided by the Arizona Department of Corrections shows inmate Joseph Rudolph Wood. The U.S. Supreme Court on Wednesday, July 23, 2014 denied a final, last-ditch appeal from Wood, who is seeking a reprieve from execution. (AP Photo/Arizona Department of Corrections, File)Lawyers of Arizona death row inmate said he was gasping, snorting for an hour.


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