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SEC sues hedge fund billionaire for diverting money

WASHINGTON — US regulators sued hedge fund billionaire Philip Falcone for fraud Wednesday, accusing him of taking $113 million from a fund to pay his taxes. The Securities and Exchange Commission (SEC) said Falcone, who raked in billions betting against packaged mortgage securities ahead of the US real-estate crash, took…

U.S. beaches laden with sewage, bacteria: study

WASHINGTON — US beaches can be dirty places, making about 3.5 million people sick each year from sewage in the water, said an annual study Wednesday that rates American beaches by how dirty they are. The Natural Resources Defense Council report included 3,000 beaches nationwide and listed 15 “repeat offenders”…

Dinosaurs may have been warm-blooded: study

PARIS — Dinosaurs may have been warm-blooded, scientists said Wednesday, in a finding that could debunk one of the most commonly-held images of the extinct giants. Researchers in Spain and Norway reported in the journal Nature they had found tree-like growth rings on the bones of mammals, a feature that…

U.S. approves first obesity drug in 13 years

WASHINGTON — US regulators on Wednesday approved the first drug to treat obesity in 13 years, a drug called lorcaserin, marketed as Belviq and made by Arena Pharmaceuticals. The drug works to control the appetite through receptors in the brain and was approved as additional therapy for certain overweight and…

Grandson of civil rights icon sues over racist workplace harassment

In November 2008, when Barack Obama made his famous election night victory speech in Chicago’s Grant Park, he invoked the story of a black woman who had lived through a century of struggle that had culminated with the first African American president. Ann Nixon Cooper was then 106. In all…

Google reaches deal with anti-racism group over ‘Jew’ search suggestion

Internet search giant Google has reached a deal under legal mediation with French anti-racism groups which objected to the search engine suggesting users add “Jew” to searches for prominent names. Both sides confirmed the deal had been reached for the groups to drop a legal complaint against Google but refused…

Eurozone group says it’s ready to bail out Cyprus

The eurozone is ready to bail out embattled Cyprus in coordination with the International Monetary Fund, finance ministers from the 17-nation single currency area said Wednesday. “The Eurogroup acknowledges that an adjustment programme seems warranted at this stage and considers responding favorably to it,” the ministers said in a statement…

Early human relative species ate tree bark

A short, gangly relative of man that lived in South Africa two million years ago ate bark and wood, the only early hominid known to have done so, a report said Wednesday. While its ancient relations opted for softer grasses and shrubs, Australopithecus sediba, an upright-walking tree climber, “included quite…

FDA approves weight-loss drug for the first time in 13 years

The US Food and Drug Administration on Wednesday approved the first drug to treat obesity in 13 years, a drug called lorcaserin, marketed as Belviq and made by Arena Pharmaceuticals. “The US Food and Drug Administration today approved Belviq (lorcaserin hydrochloride), as an addition to a reduced-calorie diet and exercise,…

Google unveils Nexus 7 tablet to challenge iPad

Google on Wednesday unveiled its own branded Nexus 7 tablet computer designed to challenge Apple’s iPad and be a window into its online shop for films, books, movies and more. The seven-inch tablet powered by the latest generation of Android software was made for Google by Taiwan-based Asus and weighs…

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