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Capital One Buys HSBC credit card for $33 billion

HONG KONG (Reuters) - HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe’s top bank streamlines its mammoth operations. It marks the second major deal in the United States for cards specialist Capital One, which said it was paying a $2.6…

States benefit by lowering prison terms: ACLU

NEW YORK (Reuters) – Six U.S. states that reduced incarceration rates by focusing on parole or probation instead of prison time have cut costs without increasing crime rates, according to a report released on Tuesday. The report by the American Civil Liberties Union highlights Texas, Mississippi, Kansas, South Carolina, Kentucky and Ohio…

Three arrested over fake bomb at Phoenix airport

PHOENIX (Reuters) - Three African refugees were arrested after one tried to board a flight at a Phoenix airport with a fake bomb, in what may have been a test of security, police said on Tuesday. Luwiza Daman, 51, was taken into custody at Sky Harbor Airport on Friday after security screeners noticed what appeared to…

Asian ‘phoenix’ lived with the dinosaurs

Palaeontologists said on Wednesday they had found the fossilised remains of a giant bird that lived in Central Asia more than 65 million years ago, a finding which challenges theories about the diversity of early birds. The creature may have been taller than an ostrich if it had been flightless and, if it…

Scientists predict eruption of undersea volcano

US scientists said Tuesday they have for the first time successfully predicted the eruption of one of the world’s most active undersea volcanoes off the coast of the western state of Oregon. Scientists from Oregon and New York have been monitoring Axial Seamount, 250 miles (400 kilometers) out to sea, since…

Goldman says QE3 likely after Fed statement

SINGAPORE (Reuters) – Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years. “We now see a greater-than-even chance that the FOMC will resume…

Eliot Spitzer: Obama does not know how to negotiate

Eliot Spitzer, former governor and attorney general of New York, appeared on Current TV’s Countdown with Keith Olbermann on Tuesday night to discuss the debt ceiling deal, ratings agencies and Treasury Secretary Tim Geithner. Spitzer said Democrats were “taken to the cleaners” again and again during negotiations over raising the…

Wisconsin Democrats defeat two Republican state senators in recall elections

Wisconsin Democrats retract election tampering accusation against Waukesha County clerk Wisconsin Democrats picked up two seats in the state Senate after defeating incumbent Republicans in recall elections on Tuesday, falling short of the three seats needed to gain a majority. Unofficial results show Democratic candidate Jennifer Shilling defeated state Sen.…

Wisconsin Gov. Scott Walker signs heavily-criticized redistricting bill

As voters across Wisconsin headed to the polls Tuesday to vote in six state Senate recall elections, Republican Governor Scott Walker signed heavily-criticized legislation to redraw the state’s district boundaries, according to the Milwaukee-Wisconsin Journal Sentinel. Democrats claimed the new voting districts will give Republicans an advantage in the upcoming…

U.S. officers oppose releasing names of dead troops

WASHINGTON — The chief of the secretive US special operations command has lobbied against the release of names of American commandos killed in a helicopter crash in Afghanistan, officials said Tuesday. Thirty US troops were killed on Friday when their Chinook helicopter was shot out of the sky in a…

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