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CitiGroup: NASDAQ ‘grossly negligent in Facebook IPO

In a letter to the stock exchange, CitiGroup called NASDAQ “grossly negligent” in its handling of the Facebook IPO and said the $62 million offered to a group of financial firms to make up for losses is too low. As the New York Times reports, Citi says that “business decisions” made by NASDAQ surrounding the IPO caused participants to lose ...

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Merkel and Hollande unite in tough message for Greece

BERLIN (Reuters) – Angela Merkel and Francois Hollande presented a united front towards Greece on Thursday, telling Athens it should not expect leeway on its bailout agreement unless it sticks to tough reform targets. The German and French leaders met in Berlin to fine-tune their message to Prime Minister Antonis Samaras, who begins a charm offensive in Berlin and Paris ...

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Microsoft redesigns logo for first time in 25 years

SAN FRANCISCO — Microsoft has a new look, with its first-ever corporate logo redesign setting the stage for a wave of products designed to cast the world’s largest software maker in a new light. The makeover unveiled Thursday marks the first time that Microsoft Corp. has revamped its logo since February 1987. The Internet was barely around then, and cellphones ...

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Storm Isaac moves near Puerto Rico, with Haiti in its path

MIAMI (Reuters) – Tropical Storm Isaac unleashed heavy rain and winds off Puerto Rico and the Virgin Islands as it moved across the Caribbean on Thursday and could strengthen into a hurricane before tearing across the Dominican Republic and Haiti. Isaac also posed a threat to Florida, where it is forecast to pass near the state’s Gulf Coast on Monday ...

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U.S. to Expand Missile Defense in Asia

U.S. defense officials say the United States is planning to expand its missile defenses in Asia, in response to threats from North Korea and aggressive moves by China. News reports Thursday quoted officials as saying the buildup could include a new radar in southern Japan and possibly another…

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Mitt Romney would replace Federal Reserve boss Ben Bernanke

REPUBLICAN presidential candidate Mitt Romney said he would replace Federal Reserve chairman Ben Bernanke if he wins election to the White House in November. Romney told Fox Business television that he wanted someone to lead the US central bank who is more in tune with his own economic thinking. "I would like to select… a new person to that chairman’s ...

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Syria vows to work with new UN envoy

Syria said on Thursday that it is ready to work with new UN envoy Lakhdar Brahimi and hopes he can pave the way for ‘national dialogue,’ even as fighting raged in both the capital and second city Aleppo. State media hailed the recapture by the army of three Christian neighbourhoods in the heart of Aleppo, but clashes between troops and ...

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Sudanese refugees’ fate in hands of the West

12 Mothers and children awaiting Goal’s food distribution at the Batil refugee camp in Maban County. Photographs: David AdamsA young refugee carries his brother on his back. Photographs: David Adams Having fled the conflict, more than 100,000 people now face starvation and disease, writes DAVID ADAMS��in Maban County, South Sudan UPON FIRST entering Batil refugee camp, near the town of ...

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NASA’s Mars rover makes first test drive

AFP – NASA’s Mars rover Curiosity on Wednesday made its first test drive, leaving wheel tracks near its landing spot — now dubbed “Bradbury Landing” in honor of late science fiction author Ray Bradbury. “Curiosity today had its first successful drive on Mars. We have a fully functioning mobility system on our rover,” said Matt Haverly, the lead rover planner ...

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