UNITED STATES

Santorum sends Iowa caucus rivals scrambling

Republican presidential candidate Rick Santorum
With time running out, rivals of surging Republican Rick Santorum raised doubts about his conservative record on Monday in hopes of heading off a last-minute victory by the former senator a day before Iowa kicks off the 2012 presidential election season.

Lufthansa warns EU scheme to raise fares

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Germany's Lufthansa told passengers on Monday to brace for higher ticket prices as it refuses to shoulder the costs of a carbon trading scheme at the centre of a brewing trade spat.
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European shares start year on firm footing

European shares made a positive start to the New Year as they extended a two-week rebound in thin trade on Monday, with automotive stocks and euro zone banks leading the charge.
Dennis Rodman

Dennis Rodman Basketball Team to Feature Topless Women

Rodman knew that Rick's Cabaret had momentarily launched a topless basketball league with Spud Webb, a former NBA star with the Atlanta Hawks. Currently, Webb is in charge of the NBA Development League team the Texas Legends. But Rodman hopes his topless team -- once he gets it together -- can face Rick's Cabaret's team in a charity game.
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Factory output subdued going into 2012

Global manufacturing activity was subdued going into 2012, with the euro zone's industrial sector suffering its fifth straight month of declines in December and Asian factories mostly stuck in a rut.
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Asia factory output weak; India defies with rise

Asian factory output remained weak in December, with Chinese manufacturers narrowly avoiding contraction and South Korea's industrial production shrinking the most in almost three years, while Europe data this week is expected to point to a recession.
Rupert Murdoch

Murdoch Joins Twitter: Faces Users’ Ire

Media mogul Rupert Murdoch, in a surprise move, has opened an account on micro-blogging Web site Twitter. The 80-year-old, however, received mixed reactions and some sharp criticism, from his now fellow micro-bloggers.
Crude Oil Futures on Track for Weekly Gain on U.S. Economic Recovery

Where is Oil Price Heading in 2012?

Crude prices started their jolly ride to the top in February last year when simmering discontent in the Middle East erupted into several violent anti-government protests.
Apple Inc. logo seen through raindrops on window of Apple store in New York

What Will Apple Do With $81 Billion Cash Stockpile?

Apple Inc. has more than $81 billion of cash on its books with about one-third held in the U.S. This is because of its continuing success of products like iPhone, iPad, iPod and Mac. So what will Apple do with all the cash hoard?
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‘Mission Impossible: Ghost Protocol’ Tops New Year's Box Office

Tom Cruise's latest adventure as Agent Ethan Hunt - Mission Impossible: Ghost Protocol has taken the top spot at the US box office over the three-day New Year's weekend. The action-packed thriller is the fourth installment of the Mission: Impossible series and was released worldwide Dec. 16.
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Hyundai, Kia see slower sales growth in 2012

Hyundai Motor <005380.KS> and affiliate Kia Motors <000270.KS> aim to boost global vehicle sales by 6 percent this year to a combined 7 million vehicles, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years.
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S. Korea manufacturing shrinks most in 3 years

South Korea's manufacturing sector shrank the most in nearly three years in December as global demand cooled, a survey showed on Monday, but President Lee Myung-bak cited inflation as a bigger risk in a year of big elections.
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Israelis and Palestinians to Resume Talks Tuesday

Israeli and Palestinian negotiators will meet this week after more than a year of deadlock in peacemaking, officials said Sunday, but both sides played down prospects of any imminent resumption of talks.
A salesman talks on a phone at a Hyundai Motor dealership in Seoul April 28, 2011.

Hyundai and Kia See Slower Sales Growth in 2012

Hyundai and affiliate Kia aim to boost global vehicle sales by 6 percent this year to a combined 7 million vehicles, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years.
Exxon wins less than expected from Venezuela dispute

Exxon wins less than expected from Venezuela dispute

An arbitration panel has awarded U.S. oil giant Exxon Mobil Corp $908 million in compensation for Venezuela's 2007 nationalization of its assets, less than 10 percent of what the company sought in a long legal battle with the OPEC nation.
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Hyundai, Kia eye 6 percent sales rise in 2012

Hyundai Motor <005380.KS> and affiliate Kia Motors <000270.KS> aim to boost global vehicle sales by 6 percent this year to a combined 7 million units, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years.

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