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Offer deadline extended for C&W Worldwide

Mar 29, 2012

LONDON (AP) — Vodafone Group PLC and Tata Communications PLC have been given more time to decide whether either company wants to make a takeover bid for Cable & Wireless Worldwide PLC.

The Takeover Panel announced Thursday a new deadline of April 19. The original deadline was 5 p.m. on Thursday.

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Activists worry over North Sea platform gas leak

Mar 29, 2012

By BEN McCONVILLE, Associated Press

EDINBURGH, Scotland (AP) — Environmental groups warned Thursday they fear an oil spill could be triggered at a North Sea offshore platform that has been leaking highly pressurized gas since the weekend.

A flame is still burning in the stack above the Elgin ...

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In Baghdad, Abbas urges financial aid from Arabs

Mar 29, 2012

JERUSALEM (AP) — Palestinian President Mahmoud Abbas has urged Arab leaders gathered for a summit in Baghdad on Thursday to fulfill their standing pledges for financial aid for the Palestinians.

Donor countries have given billions of dollars to the Palestinians since 1993, but support has dropped ...

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Rising powers: New bank can help developing world

Mar 29, 2012

By KATY DAIGLE, Associated Press

NEW DELHI (AP) — India's prime minister said Thursday that international institutions are failing to lift up the developing world and endorsed the creation of a new development bank to be run by five fast-rising nations.

Prime Minister Manmohan Singh spoke at a ...

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Cotton price takes its toll on H&M

Mar 29, 2012

By KARL RITTER, Associated Press

STOCKHOLM (AP) — Fashion retailer Hennes & Mauritz AB said Thursday that it had been hit by the high price of cotton as it reported a 5 percent increase in earnings for the first quarter on rising sales.

The profits came in below expectations and H&M's share price ...

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Dubai port firm DP World profit rises 18 percent

Mar 29, 2012

By ADAM SCHRECK, Associated Press

DUBAI, United Arab Emirates (AP) — DP World, the Dubai-based port operator, said Thursday its profit rose 18 percent last year as cargo volumes increased through its network.

The cargo handler said it earned $532 million in 2011, up from $450 million the previous ...

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Nike sues Reebok in NYC over Tebow apparel

Mar 29, 2012

By LARRY NEUMEISTER, Associated Press

NEW YORK (AP) — Nike went to court Wednesday to prove that Reebok is no shoo-in to promote New York Jets quarterback Tim Tebow on apparel.

Nike Inc. claimed in a lawsuit in U.S. District Court that Reebok International Ltd. has used Tebow's name on ...

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Australia: No probe into News Corp piracy claims

Mar 29, 2012

By KRISTEN GELINEAU, Associated Press

SYDNEY (AP) — Australian officials said Thursday they are not investigating a newspaper's claims that Rupert Murdoch's embattled News Corp. was involved in a piracy-promoting plot aimed at crippling its competitors.

News Limited, the Australian arm of News ...

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GOP-run House easily rejects bipartisan budget

Mar 28, 2012

By ANDREW TAYLOR, Associated Press

WASHINGTON (AP) — The House voted decisively late Wednesday to reject a bipartisan budget mixing tax increases with spending cuts to wring $4 trillion from federal deficits over the coming decade.

The 382-38 roll call paved the way for Republicans to muscle ...

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CNOOC 2011 profit up 29 percent on oil sales

Mar 28, 2012

BEIJING (AP) — CNOOC Ltd., one of China's three major state-owned oil producers, said Thursday its 2011 profit rose 29.1 percent on higher oil and gas sales.

Profit rose to 70.3 billion yuan ($11.3 billion), or 1.59 yuan (26 U.S. cents) per share, on a 29.5 percent increase in oil and gas sales to ...

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Oracle, Google gird for trial on Android dispute

Mar 28, 2012

SAN FRANCISCO (AP) — Oracle and Google are digging in their heels as they prepare for an upcoming trial.

Two of Silicon Valley's most powerful companies, they haven't agreed on much since Oracle filed its lawsuit against Google 19 months ago, and there appears to be little chance for a settlement ...

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Zynga insiders price new stock offering at $12

Mar 28, 2012

NEW YORK (AP) — Online games company Zynga Inc. said Wednesday that CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday's closing price.

Zynga earlier announced that the insiders planned to sell 43 million shares of stock, but it hadn't ...

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Navy employees, contractors plead guilty to fraud

Mar 28, 2012

By JULIE WATSON, Associated Press

SAN DIEGO (AP) — Defense contractors found a novel way of landing lucrative Navy contracts at a San Diego base by plying civilian employees with a treasure chest of toys ranging from bicycles to big-screen TVs to pricey massage chairs.

Four Navy employees and ...

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Court appears split by ideology over health care

Mar 28, 2012

By MARK SHERMAN, Associated Press

WASHINGTON (AP) — Concluding three days of fervent, public disagreement, a Supreme Court seemingly split over ideology will now wrestle in private about whether to strike down key parts or even all of President Barack Obama's historic health care law. The ...

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MF Global execs cooperating with DOJ probe

Mar 28, 2012

WASHINGTON (AP) — Three MF Global executives say they are cooperating with a Justice Department investigation into more than $1 billion in customer money that vanished before the firm collapsed. But they largely deflected questions about the missing money at a congressional hearing Wednesday.

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Review: Sea of rights limits March Madness digital

Mar 28, 2012

By ANICK JESDANUN, Associated Press

NEW YORK (AP) — Madness is one way to describe my experience with March Madness Live, a service for watching the annual college basketball tournament on computers and mobile devices.

Don't get me wrong. The features were great, and video quality was decent. But ...

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JetBlue pilot's rant puts focus on medical exams

Mar 28, 2012

By DAVID KOENIG and JOAN LOWY, Associated Press

DALLAS (AP) — The case of the JetBlue captain who came unglued at 35,000 feet has focused attention on what some aviation experts say is a flimsy system for detecting psychological problems in pilots.

During required checkups every six months or one ...

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Trayvon Inc: Fla teen's case turns into brand

Mar 28, 2012

By CURT ANDERSON, Associated Press

MIAMI (AP) — From the T-shirt and hoodie sales to trademarking slogans like "Justice for Trayvon" to the pass-the-hat rallies that bring in thousands, the case of an unarmed black teenager killed by a neighborhood watch volunteer is quickly turning into an ...

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Spaniards wage nationwide strike against austerity

Mar 28, 2012

By CIARAN GILES and DANIEL WOOLLS, Associated Press

MADRID (AP) — Spanish workers livid over labor reforms they see as flagrantly pro-business staged a nationwide strike Thursday and tried to bring the country to a halt by blocking traffic, closing factories and clashing with police in rowdy ...

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New GM phone app may replace car navigation system

Mar 28, 2012

DETROIT (AP) — General Motors soon will sell a $50 smartphone application that could replace your dashboard navigation system.

The company said Wednesday that the app, called GoGo Link, will project smartphone navigation systems onto a dashboard touch screen. Drivers can control the system with ...

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