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Whole neighborhoods razed by Oklahoma tornado that killed 24

Posted on 22. May, 2013 by .

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MOORE, Oklahoma (Reuters) – Rescuers went building to building in search of victims and thousands of survivors were homeless on Tuesday after a massive tornado tore through the Oklahoma City suburb of Moore, wiping out whole blocks of homes and killing at least 24 people.

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Dimon keeps JPMorgan chairman title after bruising battle

Posted on 22. May, 2013 by .

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TAMPA, Florida (Reuters) – Jamie Dimon, JPMorgan Chase & Co’s outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders recommended that he keep his chairman title, giving him a greater margin of approval than last year.

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Apple CEO makes no apology for company’s tax strategy

Posted on 22. May, 2013 by .

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WASHINGTON (Reuters) – Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more.

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Senate panel passes immigration bill; Obama praises move

Posted on 22. May, 2013 by .

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WASHINGTON (Reuters) – A Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.

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Dimon clings to JPMorgan chairman title, after fight

Posted on 22. May, 2013 by .

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TAMPA, Florida (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities – he hinted he might quit.

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Exclusive: Bob Lutz, Chinese in bid to buy Fisker Automotive – sources

Posted on 22. May, 2013 by .

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DETROIT (Reuters) – A boutique carmaker led by former General Motors Co executive Bob Lutz and China’s largest auto parts supplier made an offer this month to buy cash-strapped “green” car company Fisker Automotive, people familiar with the matter said.

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Freeport can’t say when Indonesia mine to reopen, confirms 28 dead

Posted on 22. May, 2013 by .

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JAKARTA (Reuters) – Freeport McMoRan Copper and Gold Inc said it will not restart production at the world’s second-largest copper mine in Indonesia after a tunnel collapse that killed 28 workers until it is convinced of the mine’s safety.

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Iran bars candidates for presidential election

Posted on 22. May, 2013 by .

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DUBAI (Reuters) – Iranian authorities barred two potentially powerful and disruptive candidates from running in next month’s presidential election on Tuesday, ensuring a contest largely among hardliners loyal to the clerical supreme leader.

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Insight: No more easy pickings in Russia’s banking market

Posted on 22. May, 2013 by .

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MOSCOW (Reuters) – Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.

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Afghanistan’s Karzai gives India military equipment ‘wish list’

Posted on 22. May, 2013 by .

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NEW DELHI (Reuters) – Afghan President Hamid Karzai said on Wednesday he had given a “wish list” of military equipment to India during a visit this week, presenting a conundrum for New Delhi as it weighs whether arming the Afghan army is in its interests.

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