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Entire Los Angeles porn industry shut down after actor tests HIV+

By Robert Johnson An unnamed adult film performer has tested positive for HIV causing a temporary shutdown of the Los Angeles adult film industry. According to The L.A. Times, the move was prompted by industry trade group the Free Speech Coalition while further testing is performed to confirm the results. The infected performer…

Bank of America kept AIG’s legal threat under wraps for months

NEW YORK (Reuters) – Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Bank of America shares fell more than 20…

French firm helped Gaddafi spy on rebels: report

A subisidiary of French IT firm Bull helped Moamer Gaddafi’s regime spy on the emails and chat messages of opponents of the fallen Libyan strongman, a report said Tuesday. Amesys, which on its website describes itself as “a key player in the field of security and critical systems at national…

Chinese tycoon to buy part of Iceland: report

A Chinese tycoon is trying to buy a huge tract of land in Iceland for a $100 million eco-tourism project that will include a golf course, the Financial Times said Tuesday. Huang Nubo, a real estate investor and former government official, has sealed a provisional deal to acquire 300 square…

Bank of America to sell China bank stake for $8.3 billion

CHARLOTTE, N.C./HONG KONG (Reuters) – Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital. A group of investors is buying 13.1 billion CCB shares from Bank of America, with the deal expected to close…

Consumer spending data lifts US stocks more than 2%

US stock markets rallied on Monday as upbeat data on consumer spending lifted hopes that economic growth would pick up speed, while Hurricane Irene caused less damage than feared. The Dow Jones Industrial Average was up 254.71 points (2.26 percent) to close at 11,539.25. The broader S&P 500 surged 33.28 points (2.83…

Melbourne named world’s most liveable city

Melbourne has edged out long-time front-runner Vancouver to be rated the world’s most liveable city, a worldwide survey from the Economist Intelligence Unit said Tuesday. The Australian metropolis topped the Global Liveability Survey’s ranking of 140 cities worldwide, ahead of Canada’s Vancouver which dominated the rankings for almost a decade…

Beyonce pregnancy sets Twitter record

Twitter users fired off a record number of tweets per second following the announcement by pop diva Beyonce at the MTV Video Music Awards that she is expecting a baby. “Last night at 10:35 pm, Beyonce’s big MTV #VMA moment gave Twitter a record bump: 8,868 Tweets per second,” the…

Spending data lifts U.S. stocks more than 2 percent

NEW YORK — US stock markets rallied on Monday as upbeat data on consumer spending lifted hopes that economic growth would pick up speed, while Hurricane Irene caused less damage than feared. The Dow Jones Industrial Average was up 254.71 points (2.26 percent) to close at 11,539.25. The broader S&P…

S.Africa may dehorn rhinos, ban hunts to stop poaching

South Africa is investigating dehorning its rhino population and stopping legal trophy hunts to fight a poaching crisis that has killed 279 animals this year, the environment minister said Monday. Officials are considering putting a moratorium on rhino hunting to deal with abuses in the allocation of permits, which were…

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