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Zimmerman legal defense fund has raised $1,000 a day so far
A new legal defense fund for George Zimmerman, the crime watch volunteer accused of murdering unarmed black teenager Trayvon Martin, has raised about $1,000 a day so far this month, his lawyer said Thursday. Zimmerman was charged with second-degree murder in the Feb. 26 shooting death in Sanford, Florida. The…
Disco legend Donna Summer dies at 63
Grammy-winning disco legend Donna Summer died Thursday after a battle with cancer, aged 63, her family said in a statement. The singer, who shot to fame in the 1970s with hits including “Hot Stuff” and “Bad Girls,” before songs like “She Works Hard for the Money” in the 1980s, died…
U.S. unemployment claims remain unchanged
New claims for US unemployment benefits were unchanged last week from the week before amid a slowly recovering jobs market, official data showed Thursday. Initial jobless claims totaled 370,000 in the week ending May 12, matching the previous week’s upwardly revised figure, the Labor Department said. The flat reading broke…
Billionaire Warren Buffett buys small newspaper chain
Billionaire Warren Buffett’s holding company unveiled plans Thursday to pour millions into a chain of small newspapers, saying they represent “an important institution” for communities. A subsidiary of Buffett’s Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa…
World’s oldest surviving Chinese sailing vessel returns to Taiwan
The world’s oldest surviving Chinese junk returned home to Taiwan on Thursday, nearly 60 years after it set sail on a historic voyage to the United States, organisers said. The Free China arrived in the northern port of Keelung aboard a cargo ship from San Francisco. It will be restored…
Romney nearly matches Obama with $40 million in April fundraising
Mitt Romney’s presidential campaign raked in an impressive $40.1 million in his first month as the presumptive Republican nominee, his team announced Thursday, nearly matching US President Barack Obama’s haul. Romney’s April fundraising total is dramatically stronger than the $12.6 million he generated the previous month, and comes close to…
Facebook becomes a driver of economic growth: Studies
Out of thin air, Facebook is evolving into a global driver of jobs and economic growth. But how big is the impact? That’s a matter of much debate. The social networking giant set to launch a massive public offering this week has spawned dozens of startups and thousands of apps…
Photo-sharing social network Pinterest valued at $1.5 billion
Move over, Facebook. Pinterest, the social site that lets people “pin” pictures and content to create collections of interest, has become the latest company to be valued at more than $1bn (£630m), following a $100m round of funding. While estimates of the effective valuation implied by the investment vary between…
Japan bank freezes Iran accounts after court order
A Japanese bank has halted transactions by the Iranian government after a US court ordered a $2.6 billion asset freeze over the 1983 bombing of US barracks in Beirut, a bank spokesman said on Thursday. “We have received the order from the US court,” to freeze $2.6 billion of assets,…
Spanish queen cancels jubilee trip to London
Spain’s Queen Sofia has cancelled a trip to London on Friday to attend Queen Elizabeth II’s Diamond Jubilee celebration lunch due to tensions with Britain over the disputed territory of Gibraltar. “The government considers it is hardly adequate that in the current circumstances, Queen Sofia take part in Queen Elizabeth’s…
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