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Investigations into use of the dangerous but "legal" drug Spice has led to the expulsion of eight midshipmen from the U.S. Naval Academy.

Undetectable synthetic marijuana in wide use at U.S. Naval Academy

Investigations into use of the dangerous but legal drug has led to the expulsion of eight midshipmen from the Academy; the number could well go up.

US stocks rally after upbeat jobs data

Traders work on the floor of the New York Stock Exchange

U.S. stocks rallied in early trade on Thursday as stronger than expected initial jobless claims data and an easing of oil prices after reports of a possible peace deal in Libya buoyed sentiment.

Adecco sees temporary jobs leading shaky recovery

Adecco (ADEN.VX), the world's biggest temporary staffing company, expects demand to improve as employers seek flexible labour to fill jobs in an uncertain recovery. This year got off to a good start, with sales rising 17 percent organically in January from a year earlier, Chief Executive Patrick De Maeseneire

Retailers set to beat sales forecasts

Several top retailers posted bigger-than-expected sales gains for February, with some benefiting from rising gasoline prices that threaten to curb shoppers' spending in the coming months.

More news

WikiLeaks' Assange appeals against UK extradition

WikiLeaks founder Julian Assange has launched an appeal against a ruling that he should be extradited from Britain to Sweden over alleged sex crimes, his lawyer said on Thursday.

Can Tablets End PC Growth?

RBC Capital Markets estimates that tablets may ultimately cannibalize around 15 percent of the total PC market through 2014, which while material, doesn't deter the PC markets from seeing sustained growth over the next 5-years.

US stocks rise as jobless claims dip

U.S. stocks advanced in early trade on Thursday after official data showed that applications for jobless benefits in the U.S. fell unexpectedly last week to reach the lowest level since May 2008, indicating an improving labor market.

Wall Street rises 1 percent on jobless data, oil drop

Stocks rallied more than 1 percent in early trading on Thursday as crude oil prices fell and jobless claims dropped to a 2-1/2 year low.

Chairman of the Joint Chiefs of Staff Admiral Mike Mullen (L) and Defense Secretary Robert Gates (R) testify during a hearing of the House Appropriations Defense Subcommittee on the budget for the Defense Department on Capitol Hill in Washington March 2,

No-Fly Zone Means Big Attacks on Libyan Defenses First

Establishing a no-fly zone over Libya would require widespread bombings to destroy Libyan air defenses first, a top U.S. defense official said on Wednesday.

Initial jobless claims at lowest level since May 2008

The applications for jobless benefits in the U.S. fell last week to reach the lowest level since May 2008, indicating an improving labor market in the nation.

ECB reviews bank support, to talk tough on inflation

The European Central Bank will step up its anti-inflation rhetoric and may phase out some of its crisis support measures on Thursday as it prepares the ground for an interest rate rise likely later this year.

Jobless claims at 2-1/2 year low, buoy jobs view

New claims for unemployment benefits fell last week to their lowest level in more than 2-1/2 years, signaling an acceleration in job creation could be under way.

Website of Yahoo Japan Corp is seen on a computer screen in Tokyo

Possible Options For Yahoo To Exit Japan

Yahoo is said to be in talks to sell its 35 percent stake in Yahoo Japan, a move that will give Yahoo the necessary cash infusion to fight against arch rival Google and Facebook.

Futures rise as crude falls, jobless data awaited

Stock index futures rose on Thursday after the Arab League said a peace plan for Libya was under consideration, sending oil prices lower.

World Market update 03/03/2011

Futures on major U.S. indices point to a higher opening on Thursday ahead of economic data including key weekly jobless claims and non-farm productivity.

Teodorin Obiang, the son of Equatorial Guinea's dictator, has commissioned a $380million superyacht, with cinema, restaurant, bar and swimming pool, reports say.

African despots' corruption-funded extravagance: Teodorin Obiang eyes $380-mln yacht

The irony can't be missed when the scion of a tiny sub-Saharan country, which has the dubious distinction for having the highest child mortality rate in the world and abysmal public health and education systems, splurges ill-gotten money on a multi-million dollar super-luxury yacht.

Consumer spend on deal-a-day offers to surge in next four years: report

Consumer spending in the United States on deal-a-day offers is likely to go from $873 million in 2010 to $3.9 billion in 2015, representing a 35.1 percent compound annual growth rate (CAGR), a new report said.

AB InBev benefits as beer goes upmarket in Brazil

U.S. and Brazilian drinkers are paying more for their beer and moving to expensive brands according to Anheuser-Busch InBev , the world's largest brewer.

FAO warns on oil as world food prices hit record

Global food prices hit a record high in February, the United Nations said Thursday, warning that fresh oil price spikes and stockpiling by importers keen to head off popular unrest would hit already volatile cereal markets.

US stock futures up ahead of economic data

Futures on major U.S. indices point to a higher opening on Thursday ahead of economic data including key weekly jobless claims and non-farm productivity.

Asian stocks advance on upbeat US jobs data

Most Asian stock markets ended higher on Thursday, helped by upbeat U.S. jobs data and an easing of oil prices after reports of a possible peace deal in Libya.

Stock index futures point to early gains

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.7 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.7 percent at 5.23 a.m. EST.

BofA poaches Koder from UBS to head Asia Pacific IB

Bank of America-Merrill Lynch has poached Matthew Koder, a high profile banker from Swiss bank UBS AG , to head its corporate and investment banking business in Asia in the region's first major defection after the banker bonus season.

Oil dips briefly on Libya peace talk

A proposal by Venezuela President Hugo Chavez to try to broker a peace deal in Libya briefly pushed oil lower on Thursday, while recently risk-averse stock markets put in some gains.

Robert Kennedy killer Sirhan denied parole for 13th time

Convicted Robert Kennedy killer Sirhan B. Sirhan, who is serving a life term, has been denied parole for the 13th time.

US stocks end with modest gains as oil prices rise

U.S. stocks ended with modest gains on Wednesday after ADP National Employment report showed that the private sector employment rose more than expected in February, but shares came off their highs due to fears over the continued unrest in Libya and rising crude oil prices.

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