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TOKYO (AP) — Former Olympus Corp. Chief Executive Michael Woodford will receive 10 million pounds (1.2 billion yen, $15.4 million) in a settlement over his dismissal from the Japanese camera and medical equipment maker. Olympus also announced it will cut nearly 3,000 jobs.
FUJAIRAH, United Arab Emirates (AP) — By night, the lights of dozens of ships anchored off this eastern Emirati port create the mirage of a far-off city at sea.
MADRID (AP) — Spain is under rising pressure to find a lifeline for its deeply troubled banks.
WASHINGTON (AP) — The Federal Reserve wants U.S. banks to set aside more money to cushion against unexpected losses, a key step in preventing another financial crisis.
COLUMBIA, Mo. (AP) — The gap between federal support for agricultural research at large public universities and private investment continues to grow — and the divide comes with increased threats to academic freedom and more instances of meddling in the lab, a new research report suggests.
WASHINGTON (AP) — Scoffing at a White House veto threat, the House voted Thursday to repeal a tax on medical device makers that Republicans cast as a job-killing levy that would stifle an innovative industry.
CHICAGO (AP) — A burst of stock gains and the first rise in home values in six years helped Americans regain more of their wealth in the January-March quarter.
WASHINGTON (AP) — U.S. consumer borrowing increased more slowly in April, restrained by a sharp reduction in credit card debt.
VATICAN CITY (AP) — Italian authorities seized a private document meant for Pope Benedict XVI when they raided the home of the Vatican's recently ousted bank chief, a lawyer said Thursday, adding a potentially problematic legal twist in an already controversial case.
BERLIN (AP) — German Chancellor Angela Merkel has called for Europe to take a gradual path towards political union, frustrating the appeals of many of her colleagues for quick, bold moves to fight the continent's raging financial crisis.