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Raj Rajaratnam, the principal in the $21 million Galleon Group hedge-fund insider trading case, leaves at Manhattan Federal Court for a bail hearing on conspiracy and securities fraud charges in New York

Two ex-Galleon men plead guilty; Rajaratnam named

Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial

Gold Price Struggles with Head & Shoulders Pattern Ahead of Fed Vote

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The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.
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Rise in pedestrian deaths renews call for iPod bill

Rise in accidents stemming from pedestrian distraction has prompted renewed call for iPod bill. New York State Senator Carl Kruger has re-introduced legislation making it illegal to use an iPod, cell phone, Blackberry or any other electronic device while crossing the street.
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JBS makes verbal Sara Lee offer: sources

Brazilian beef processor JBS has made a verbal buyout offer for Sara Lee Corp and is expected to submit a written proposal in the next 24 hours, two sources familiar with the situation said.

FBI agents arrest over 100 Mafia suspects in biggest crime bust

In what is being billed as the biggest crime bust in history, the FBI have arrested 119 Mafia suspects and have charged nearly 130 people connected to different crimes ranging from murder and drug trafficking to extortion, gambling, loan-sharking and prostitution.
UN Secretary General Ban answers questions during a briefing at the European Parliament in Strasbourg

U.N. chief condemns rights expert's 9/11 comments

U.N. Secretary-General Ban Ki-moon condemned preposterous comments by a U.N.-appointed expert on Palestinian rights that there was a cover-up over the Sept. 11 attacks, Ban's chief of staff said on Monday.

Breakthrough after U.S. warns China on North Korea

The United States warned China it would redeploy forces in Asia if Beijing failed to rein in North Korea, an Obama administration official said on Friday, as Pyongyang bowed to Seoul's demands for crisis talks.
ex-Google CEO Eric Schmidt

Does Eric Schmidt want to be a TV star?

The former chief executive officer of Google (Nasdaq: GOOG), Eric Schmidt, may be seeking a career in television, according to a report in The New York Post.
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Gold edges up as price drop attracts buyers

Gold rose on Monday as lower prices after the metal's third consecutive weekly loss attracted some buyers back to the market, but a more optimistic view of global growth still limited fresh investment.

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