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News Corp shares recover ground in Australia

News Corp. shares recovered some ground on bargain-hunting in Australian trade Tuesday amid reports that under-fire tycoon Rupert Murdoch could step down as chief executive. The stock closed 2.40 percent, or 34 cents, higher at Aus$14.50, with one analyst saying the firm had been oversold, losing about a fifth of…

Murdoch could be compelled to sell off British newspapers

Rupert Murdoch built his vast fortune selling newspapers, expanding a single daily in his native Australia into a media and entertainment empire that spans the globe. But the phone-hacking scandal in Britain which led to the shock closure of the News of the World is raising the once-unthinkable possibility of a News…

Apple sold close to 1 million iPad 2s in weekend: analysts

Apple sold close to 1 million iPad 2s in weekend: analysts (Reuters) – Analysts expect Apple Inc to have sold close to a million iPad 2 tablet computers on its debut weekend — significantly more than the first iPad, which went on sale last April. “We would not be surprised…

Senator Leahy calls on State Dept. to review aid to Bahrain

Senator Patrick Leahy (D-VT), chairman of the Senate Subcommittee on State Department and Foreign Operations, has called on the US State Department to review its aid to the military of Bahrain after it cracked down on anti-government protests. “To a watching world, the vicious and orchestrated attacks on civilian protesters…

CIA officials involved in detainee abuse rarely reprimanded, sometimes promoted

CIA officers who were involved in cases of wrongful imprisonment, mistreatment and even detainee deaths have often avoided serious punishment and in many cases been promoted within the agency, an investigation by the Associated Press has found. Take the case of German citizen Khaled El-Masri, who was kidnapped and transferred…

Oil price shoots above $103 on Egypt crisis

LONDON – Brent crude rallied to a 28-month high above $103 on Thursday as the political crisis in Egypt erupted into violence, sparking fresh concern over energy supplies in the crude-rich Middle East. “The continued unrest in Egypt has prompted Brent oil prices to climb overnight to $103 a barrel,…

Nader: Progressive-libertarian alliance ‘the most exciting new political dynamic’ in US

Prepare for the rise of libertarian progressives. That was the message earlier in the week from trends analyst Gerald Celente, who predicted that the rapid acceleration of wealth into the coffers of the ultra-rich would drive a global youth resistance movement in 2011 and reformat long-held political boundaries. And then…

Trends analyst predicts global youth uprising, ‘progressive libertarians’ in 2011

An American trends analyst told a Russian news service recently that in 2011, young people from industrial societies around the world will unite on the Internet to overthrow increasingly ineffective elements of globalism that have driven their economies into depression. In a wide-ranging interview with Russia Today (RT) on Monday,…

Oil prices drop ahead of US data

World oil prices eased Tuesday as traders awaited the US government’s monthly assessment for the global energy market, and the focus turned away from supply worries in Alaska, analysts said. New York’s main contract, light sweet crude for February delivery, slipped 11 cents at $89.14 a barrel. Brent North Sea…

$2 trillion municipal bond debt crisis could bring down 100 US cities, analyst warns

A new disaster is looming, according to a prominent market research analyst. Meredith Whitney, a financial analyst who runs her own consulting firm and correctly predicted the major debt fallout of Citigroup, warned in a little-reported on interview Sunday that as many as 100 US cities face default on their…

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