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Ex-client of UBS gets house arrest for tax fraud

A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties with wealthy Americans hiding money overseas was sentenced to one year house arrest and a fine on Wednesday for a multimillion-dollar tax evasion scheme.

Controversial couple dominates U.S. medical tourism

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These are heady days for the medical tourism industry. With U.S. healthcare prices spiraling upward, more and more insurers and individuals are looking abroad for treatment. By some estimates, 650,000 Americans will check into foreign hospitals from Mexico to Thailand this year.

U.S. foreclosures spike in new regions in 3rd qtr

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U.S. mortgage defaults ebbed in some hard-hit cities in the third quarter, but unemployment created new trouble spots as foreclosures set a record in the quarter, real estate data company RealtyTrac said on Wednesday.
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U.S. schools homeowners to spot loan rescue scams

Sun Valley, a sun-baked and struggling corner of Los Angeles, is fertile ground for mortgage rescue scams with its high proportion of subprime borrowers, Spanish speakers and a sharp drop in home values.
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Madoff friend drowned due to heart attack

Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.
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Madoff friend drowned due to heart attack: police

Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.
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Obama plans big smart grid announcement

President Barack Obama will announce the largest investment of economic stimulus funds in clean energy during a visit to Florida, an Obama administration official said on Monday.
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Lawmaker in Travolta mistrial mess blames rumor

A Bahamian lawmaker who caused a judge to order the retrial of two people accused of trying to extort $25 million from actor John Travolta was just repeating a rumor when he prematurely announced an acquittal verdict, his lawyer said on Thursday.
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Microsoft launches Windows 7

Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.
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Rise in new jobless claims signals soft labor market

The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.
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Fidelity National Q3 adj profit misses view by a cent

Electronic payment processor Fidelity National Information Services Inc's (FIS.N) third-quarter adjusted profit narrowly missed market estimates, hurt mainly by a decline in revenue from its financial solutions and payment solutions segments. Net profit from continuing operations for the quarter was $67.6 million, or 35 cents a share, compared with $43.6 million, or 23 cents a share, last year. Excluding items, it earned 46 cents a share.
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Adecco to acquire MPS for $1.3 billion

Switzerland's Adecco , the world's largest staffing company, said on Tuesday it would acquire U.S. rival MPS Group Inc for $1.3 billion in a cash transaction.
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Rod Stewart interprets soul classics on new album

Rod Stewart brings a splash of color to the staid surroundings of the Beverly Hills Hotel. He's wearing a blue striped shirt, a white business suit jacket with thick red trim and blue Converse slip-ons -- a look that combines nautical and vaudeville, which seems perfectly fitting for Stewart, the perpetual showman.
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US home buyer negotiating power falls in Aug-Zillow

Home buyers in much of the United States paid thousands of dollars below the asking price, but had slightly less negotiating power in August than in July, real estate website Zillow.com said on Thursday.
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U.S. panel to hear hybrid patent case vs Toyota

A U.S. trade panel that hears patent disputes said it would investigate allegations that Toyota Motor Corp, the world's largest automaker, infringed patented technology to make its popular hybrid vehicles.

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