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UK police drop hacking probe against suspect

Mar 27, 2012

LONDON (AP) — British police investigating a phone hacking scandal that led to the closure of a leading tabloid said Tuesday they have released a suspect from bail.

Metropolitan Police said Tuesday they will take no further action against the 39-year-old man, who was arrested Aug. 18 at a London ...

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Romney's fundraisers are quietly amassing millions

Mar 27, 2012

By RICHARD LARDNER and STEPHEN BRAUN, Associated Press

WASHINGTON (AP) — Mitt Romney's presidential fundraising operation dwarfs those of his Republican rivals, with more than $75 million already in donations. It also operates mysteriously at times, withholding the names of Romney's major ...

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Swiss bank UBS rejects allegations in French book

Mar 27, 2012

By FRANK JORDANS, Associated Press

GENEVA (AP) — Swiss bank UBS AG on Tuesday rejected allegations in a recently published book that it had systematically helped rich customers in France avoid paying taxes, saying the claims were based on testimony from disgruntled former employees.

The bank said ...

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US imposes sanctions on Iranian firms, officials

Mar 27, 2012

WASHINGTON (AP) — The U.S. has hit two Iranian companies with sanctions for helping Iranian special forces export arms.

Tuesday's action also penalized a Nigerian shipping agent and three members of Iran's hardline Quds Force.

Americans are banned from doing business with the men or companies.

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Ireland sets May 31 date for EU treaty referendum

Mar 27, 2012

By SHAWN POGATCHNIK, Associated Press

DUBLIN (AP) — Bailed-out Ireland will stage a referendum on the European fiscal treaty May 31 with the government poised to persuade debt-burdened voters to back the measure, the country's foreign minister announced Tuesday.

Foreign Minister Eamon Gilmore ...

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Home prices fell in January in most US cities

Mar 27, 2012

By DEREK KRAVITZ, Associated Press

WASHINGTON (AP) — Home prices fell in January for a fifth straight month in most major U.S. cities, as modest sales increases have yet to boost prices.

The Standard & Poor's/Case-Shiller home-price index released Tuesday showed that prices dropped in January ...

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Unicredit Q4 profits drop 64 percent

Mar 27, 2012

By COLLEEN BARRY, Associated Press

MILAN (AP) — Unicredit, Italy's largest bank by assets, on Tuesday reported that fourth quarter profits dropped by 64 percent due to losses caused by the European sovereign debt crisis and weak economic activity.

Unicredit SpA's net income was €114 million ...

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EU parliament panel OKs US passenger data deal

Mar 27, 2012

By SLOBODAN LEKIC, Associated Press

BRUSSELS (AP) — A key European committee approved a new data agreement Tuesday with the United States that tightens restrictions on sharing information about passengers flying from Europe to America.

The accord, aimed at combating terrorism and serious ...

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RBS shares rise on sale report; government denies

Mar 27, 2012

LONDON (AP) — Shares in Royal Bank of Scotland rose sharply on Tuesday following a report that the government was negotiating to sell part of its majority stake to a Middle East sovereign wealth fund.

Though the Treasury said no sale was imminent, RBS shares were up 4.1 percent at 28.88 percent ...

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UK postal charges jump to record high

Mar 27, 2012

LONDON (AP) — Britain's Royal Mail has been freed to charge what it wishes to deliver letters and cards around the U.K., a move that has sent chills through the nation's greeting card industry.

The postal carrier, which the government intends to privatize, was given the freedom Tuesday to set its ...

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Strong quake hits northern Japan, no tsunami risk

Mar 27, 2012

TOKYO (AP) — A strong earthquake shook northern Japan on Tuesday, but no damage was reported and there was no risk of a tsunami.

The Japan Meteorological Agency recorded a 6.4 preliminary magnitude. The agency said there may be a small change in sea levels but did not issue tsunami warnings.

The ...

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Harry Potter adventures go on sale in e-book form

Mar 27, 2012

LONDON (AP) — At last, Harry Potter's adventures are available electronically.

The seven novels about J.K. Rowling's boy wizard are for sale as e-books and audio books on the author's Pottermore website, the site's creators announced Tuesday.

The books are currently available in English, in U.S.

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UK aims to halt trafficking of nuclear material

Mar 27, 2012

By DAVID STRINGER, Associated Press

LONDON (AP) — Britain plans to share previously secret expertise on detecting the illegal trafficking of radiological material and halting potential nuclear terrorism, the country's deputy prime minister told a security summit Tuesday.

Speaking at an ...

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Head of Japan fund apologizes for pension losses

Mar 27, 2012

By ELAINE KURTENBACH, Associated Press

TOKYO (AP) — The head of a Japanese investment company accused of losing more than $1 billion in clients' pension funds apologized Tuesday, saying he intends to repay losses that were concealed for years.

AIJ Investment Advisors President Kazuhiko Asakawa ...

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EU probes United Technology's Goodrich deal

Mar 27, 2012

BRUSSELS (AP) — The European Union's competition regulator says it has opened an in-depth probe of United Technology's $16.4 billion acquisition of aerospace supplier Goodrich.

The European Commission said its initial analysis of the deal "indicated potential competition concerns regarding the ...

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Chinese shares lead global retreat

Mar 27, 2012

By PAN PYLAS, Associated Press

LONDON (AP) — Chinese shares led global markets lower Wednesday as investors fretted over the outlook of the world's second-largest economy and whether the U.S. economic recovery was losing its shine.

Mainland Chinese shares saw their biggest loss in almost four ...

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Flights canceled as German public workers strike

Mar 27, 2012

By DAVID RISING, Associated Press

BERLIN (AP) — Hundreds of flights were canceled Tuesday at airports across Germany after workers walked out to join other public-sector employees in a series of strikes over pay.

The ver.di union is after a 6.5 percent increase in pay this year for 2 million ...

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North Sea gas leak forces more evacuations

Mar 27, 2012

LONDON (AP) — Energy company Shell has evacuated some of its workers from two platforms in the North Sea that are near an underwater gas leak from a nearby rig.

The leak of flammable gas was discovered over the weekend from the Elgin platform owned by French company Total S.A., which evacuated all ...

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South Sudan official says Sudan bombs oil field

Mar 27, 2012

By MICHAEL ONYIEGO, Associated Press

JUBA, South Sudan (AP) — Sudan's military bombed an oil field in South Sudan on Tuesday, a South Sudan official said, as a dangerous flare-up in border violence appeared to scuttle plans for a presidential summit between the two countries.

Unity State Minister ...

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