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The founder of Whitman Capital LLC was charged with taking part in two separate insider-trading conspiracies, allegedly using illegal tips on Google Inc., Polycom Inc. and Marvell Technology Group Ltd. to make more than $900,000 for the hedge fund.
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The Israeli government and the country’s largest labor union reached an agreement ending a general strike that has shut banks, government offices and the stock exchange since Feb. 8.
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Iraq, seeking to maximize crude oil exports, opened the first of four planned offshore mooring facilities in the Persian Gulf and intends by March to add 200,000 barrels a day to its capacity for loading tankers there.
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Iranian Foreign minister Ali Akbar Salehi said the country will never cede to international pressure, the same day President Mahmoud Ahmadinejad promised to soon announce a milestone in the country’s nuclear field.
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Prime Minister Lucas Papademos appealed to Greeks last night to support deep budget cuts needed to win a second aid package while leaders of the two biggest parties urged their lawmakers in parliament to pass the austerity bill today or risk financial meltdown.
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Sales at U.S. retailers probably increased in January by the most in four months, spurred by the biggest gain in auto purchases since 2009, economists said before a report this week.
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Republican presidential candidate Mitt Romney is preparing to release a more detailed plan to overhaul the tax code soon, said a person who attended a policy roundtable event with Romney in Washington yesterday.
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Medtronic Inc. asked a federal judge to order NuVasive Inc. to pay royalties on sales of spinal surgery products that infringed its patents, as well as $19.8 million in interest on a jury verdict last year.
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Potential losses from U.S. energy loan programs are likely to be less than projected by the White House and Congress, according to an independent analysis that Democrats said validated support for clean-energy innovation.
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NeurogesX Inc., a specialty drugmaker that has never reported an annual profit, dropped to its all-time low trading price after the company failed to win the backing of a U.S. advisory panel for a patch to relieve painful nerve damage commonly associated with HIV.
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Bloomberg's Rich Jaroslovsky reviews the Zeo Sleep Manager Mobile, the Lark and the SleepTracker Elite, devices that purport to track, coach and improve sleep performance.
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A case of Vosne-Romanee Cros Parantoux 1985 vintage Burgundy from the private cellar of winemaker Henri Jayer fetched HK$2.06 million ($265,200) as the top lot at a Christie’s International sale in Hong Kong.
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The U.S. eliminated Switzerland in the first round of tennis’s Davis Cup to join defending champion Spain, the Czech Republic and Argentina in the quarterfinals.
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Bumi Plc’s shareholder Bakrie Group may reconsider a bid to replace the coal producer’s management, including billionaire Nathaniel Rothschild, should its independent directors offer a solution that “makes sense.”
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