UNITED STATES

Zawahri

Somali Al-Shabab Joins Al-Qaida, Zawahiri Announces

Al-Qaida's leader announced in a video Thursday that the Somali militant group al-Shabab has formally joined the Islamic extremist network, fusing two groups that have been targets of America's counterterrorism efforts.
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SEC charges insider trading in Takeda pharma deal

U.S. market regulators charged a former employee of Takeda Pharmaceutical Co Ltd with making $63,000 in illegal profits on inside information about the company's 2008 agreement to acquire Millennium Pharmaceuticals Inc.
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US bank regulators roll fines into mortgage pact

U.S. banking regulators are using the agreement announced on Thursday between large U.S. banks and state and federal agencies over foreclosure abuses as a vehicle for levying their own fines on banks for problems in their mortgage servicing businesses.
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MF Global judge to examine insurance for ex-execs

The U.S. judge overseeing MF Global's bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers.
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UBS denies helping U.S. in tax probes of other banks

Swiss bank UBS sought to distance itself from a U.S. investigation of rival Swiss private banks on Thursday, saying that it did not hand over data on rival banks directly to U.S. officials when it settled a U.S. crackdown on taxpayers holding secret offshore accounts two years ago.
lavrov

Syria Revolution: Why Is Russia Supporting Syria?

Russia faced a barrage of condemnations after it joined China over the weekend in vetoing a United Nations Security Council resolution calling for Syrian president Bashar al-Assad to step aside, but Russia has stood resolutely behind its decision. Why?
Ahmadinejad in Tehran

Iran Using Gold, Oil to Pay for Grain

Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
Gold

Gold Prices up 1% on Greek Debt Deal

Gold prices rose 1 percent on Thursday as the euro rallied to a fresh two-month high against the dollar after Greece clinched a deal with European Union and IMF leaders needed to avoid a messy default.
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PepsiCo's plan fails to quench market's thirst

PepsiCo Inc forecast lower-than-expected 2012 earnings in a transition year in which it said it would cut thousands of jobs to save money and increase advertising to reinvigorate sales in North America.

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