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Boeing awarded $35-bln contract by USAF to build fueling tankers

The U.S. Air Force has awarded a $35-billion contract to Boeing Co. to (NYSE: BA) build a fleet of aerial fueling tankers in favor of its rival EADS (European Aeronautic Defense and Space Co.) ending a three-year epic battle, according to a report in The New York Times, quoting politicians and industry executives.
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Malikah Shabazz and her sisters appear together outside Jacobi Medical Center in New York City shortly after the death of their mother Dr. Betty Shabazz on June 23, 1997

Twin daughter of Malcolm X denied bail in identity theft case

Malikah Shabazz, one of the children of slain civil rights leader Malcolm X, has been denied bail by a North Carolina court in connection with grand larceny, forgery and identity theft and could face trial in New York City where warrants have been issued against her.

Jobless claims fell last week

Initial jobless claims applications dropped to 391,000 for the week ended February 19, down from 413,000 in the previous week, according to the Labor Department, a sign that the labor market is finally showing some signs of strength,
HK stocks may open lower as oil prices hit record

HK stocks may open lower as oil prices hit record

Hong Kong stocks are expected to open lower on Thursday, pressured by a surge in oil prices on fears turmoil in Libya could spread to other oil exporters in the region, and declines in global markets.
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Blindsided by love, says accused ex-Disney employee

She did it for love, a designer handbag and shoes. Bonnie Hoxie, a former Walt Disney Co (DIS.N) executive's secretary, told a federal judge on Tuesday she was blindsided by love and did not make the correct choices in giving confidential company information to her then-boyfriend a year ago.
China's new Internet darlings face old problems

China's new Internet darlings face old problems

China may not have been first to a launch social networking site, but it might be first to float one. Renren.com is eyeing an initial public offering in New York. Owner Oak Pacific is thought to want a valuation of $500 million. The potential for new internet darlings is huge, if they can avoid some old-school problems.
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Saudi king back home, orders $37 bln in handouts

Saudi King Abdullah returned home on Wednesday after a three-month medical absence and unveiled benefits for Saudis worth some $37 billion (23 billion pounds) in an apparent bid to insulate the world's top oil exporter from an Arab protest wave.

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