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‘Pink slime’ furor crushes U.S. beef processor
WASHINGTON — A leading US ground-beef processor, AFA Foods, filed for bankruptcy protection Monday, blaming media coverage of one of its products dubbed “pink slime” by critics. AFA Foods said it was forced to file for Chapter 11 bankruptcy protection “given recent changes in the market for its ground beef…
U.S. brokerage bankrupt over euro debt losses
Struggling US brokerage firm MF Global has filed for bankruptcy after confidence in the company was shattered by a string of losses from European public debt holdings. The firm filed for Chapter 11 bankruptcy protection in a Manhattan bankruptcy court on Monday, making it the first major US casualty from the European debt crisis. While MF Global…
Group plans to beam free Internet across the globe from space
The charity group A Human Right said it was planning to purchase a satellite that would provide free basic Internet access to developing countries around the world. The group, which was founded by 25-year-old Kosta Grammatis, is currently raising money to buy the TerreStar-1, the largest commercial communications satellite ever…
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