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Investment firm to sell stake in company that makes assault rifle from Newtown shooting

Private capital group Cerberus Capital Management announced Tuesday it would sell its shareholding in the company that makes the assault rifle used in last week’s US school massacre. Amid a surge in calls for tough gun control legislation after the Connecticut murder of 20 elementary school children and seven adults,…

Ministers name chunk of Antarctic in Queen Elizabeth II’s honor

Britain’s Queen Elizabeth II attended her first-ever cabinet meeting on Tuesday, where ministers marked her diamond jubilee by naming a chunk of the Antarctic in her honour and giving her 60 placemats. In the only visit by a British monarch to a cabinet meeting for more than 200 years, the…

UBS Libor-fixing fine may reach $1.5 billion

Swiss banking giant UBS may be slapped with a combined fine of $1.5 billion (1.1 billion euros) to settle allegations that it manipulated Libor interest rates, the Financial Times reported Tuesday. “UBS is close to finalising a deal with UK, US and Swiss authorities in which the bank will pay…

Ratings firm Nielsen agrees to buy radio monitor Arbitron for $1.2 billion

US market study group Nielsen said Tuesday that it has agreed to buy media specialist Arbitron for $1.2 billion in cash. Nielsen said it is offering $48.0 (36.4 euros) per share for Arbitron, a premium of 26 percent compared with the company’s closing share price on Monday. “The transaction has…

Judge rules 7 year old with brain tumor can undergo surgery despite mother’s wishes

A judge ruled Tuesday that a seven-year-old British boy with cancer could undergo more surgery despite his mother’s opposition, which had led her to run away with her son earlier this month. High Court judge David Bodey ruled that Neon Roberts, who has already had surgery on a brain tumour,…

Care system ‘failing’ 3,000 vulnerable UK kids

Up to 3,000 of the most vulnerable children in care are being failed by the system according to a damning report published Tuesday which said youngsters were being placed 100 miles from home and insufficiently protected from harm. Her Majesty’s Inspectorate of Probation (HMIP) looked at 60 cases across six…

Pros dominate YouTube greatest hits in 2012

“Gangnam Style” topped YouTube’s list of the most attention-grabbing videos this year, as other professionally produced works outshined the amateur clips that had originally made the website famous. “Almost everything on the list this year was created by professional or creative talent for an online audience,” YouTube trends manager Kevin…

2.2 billion followers makes ‘Christian’ most populous of world’s religions

Christians are the world’s biggest religious group, numbering some 2.2 billion people, according to a study released Tuesday by the Pew Forum on Religion and Public Life. Pew assembled data on the size and geographic distribution of eight major religious groups, including non-believers. It found that Christians make up about…

Commuters stranded as Sudan economy nears ‘collapse’

Khartoum’s decaying fleet of public buses is leaving commuters stranded as surging inflation and a sinking Sudanese currency drive maintenance costs out of control, bus operators say. The transport woes are the latest burden inflicted upon Sudanese by an economy which one think-tank said is on the brink of collapse…

Queen Elizabeth II attends first ever cabinet meeting to mark diamond jubilee

Queen Elizabeth II attended a cabinet meeting on Tuesday to mark her diamond jubilee, in the first such visit by a monarch in more than a century. Prime Minister David Cameron greeted the 86-year-old sovereign on the steps of 10 Downing Street as she arrived for the gathering of senior…

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