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APNewsBreak: Flaws found in US missile shield
APNewsBreak: Flaws found in US missile shield
Secret Defense Department studies cast doubt on whether a multibillion-dollar missile defense system planned for Europe can ever protect the U.S. from Iranian missiles as intended, congressional investigators say. Military officials say they believe they can overcome the problems and are moving for

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GOP congressman invites Ted Nugent to Obama speech
GOP congressman invites Ted Nugent to Obama speech
A Republican congressman says he's invited rocker Ted Nugent, who has referred to President Barack Obama's administration as "evil, America-hating," to the State of the Union address. Rep. Steve Stockman of Texas said Monday on his website that Nugent will be his guest for the president's speech Tu

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Govt: $4.2B recovered in probing health care fraud
Govt: $4.2B recovered in probing health care fraud
The government says it recovered almost $8 for each dollar it spent investigating health care fraud over the past three years, including a record $4.2 billion last year. The $7.90 average return on investment is the highest in the 16-year history of the Health Care Fraud and Abuse Program. Since 19

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Futures head higher; could test new levels
Futures head higher; could test new levels
Futures are following overseas markets higher and U.S. indexes could be heading for new multi-year highs. Dow Jones industrial futures are up 29 points to 13,955. The broader S&P futures have added 3.3 points to 1,515.70. Nasdaq futures are up 5.5 points to 2,777.50. The Standard and Poor's 500 hit

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Novo Nordisk US shares skid on drug review setback
Novo Nordisk US shares skid on drug review setback
Shares of Novo Nordisk tumbled Monday after the Danish drugmaker said U.S. regulators need a new study before they can finish their review of two diabetes treatments, a development that could delay approval for several years. The company said Sunday that the Food and Drug Administration wants to see

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Dell looks to calm shareholder concern over buyout
Dell looks to calm shareholder concern over buyout
Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal. Dell Inc. laid out the advantages of the transaction in a regulatory filing Monday, three days after a

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Romania: Slaughterhouses did not commit fraud
Romania: Slaughterhouses did not commit fraud
A maze of trading between meat wholesalers has made it increasingly difficult to trace the origins of food — enabling horsemeat disguised as beef to be sold in frozen meals across Europe. Finger-pointing has grown by the day, involving more countries and more companies. On Monday, Romanian offici

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Oil dips slightly as Asia observes Lunar New Year
Oil dips slightly as Asia observes Lunar New Year
The price of oil dipped slightly toward $95 a barrel on Monday as investors cut back on speculative positions and most Asian markets were closed for a holiday. By early afternoon in Europe, the benchmark oil contract for March delivery was down 30 cents to $95.42 a barrel in electronic trading on th

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Hilfiger updates preppy, menswear styles with mod
Hilfiger updates preppy, menswear styles with mod
Tommy Hilfiger taught a lesson on mixed messages to the New York Fashion Week on Sunday night. At first, the looks at the Park Avenue Armory, staged like a movie-set library, looked like they were built on the Savile Row-styled menswear and Ivy League prep-school uniforms that Hilfiger has played w

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Most stock markets closed in Asia for holidays
Most stock markets closed in Asia for holidays
Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday for the Lunar New Year holiday. Japanese markets were also shut for a public holiday. Australia's S&P/ASX 200 was marginally higher at 4,973.20, with a positive earnings report from retailer HB Hi-Fi Ltd. helping to

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SHOW BITS: It's after-party time at the Grammys
SHOW BITS: It's after-party time at the Grammys
Show Bits brings you the 55th annual Grammy Awards through the eyes of Associated Press journalists. Follow them on Twitter where available with the handles listed after each item. ___ AFTER THE GRAMMYS? INDIA! For the Grammy Awards official after-party, celebrants went to India. Actually, they just

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Muslim makes Israeli football debut
Muslim makes Israeli football debut
Under heavy security, a Muslim football player whose signing with a Jerusalem club sparked a violent uprising by a hardcore group of racist fans made his much anticipated debut Sunday to a rousing ovation. Hundreds of police deployed around Beitar Jerusalem's stadium, two days after a suspicious fi

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Source: AMR, US Airways delay meeting on merger
Source: AMR, US Airways delay meeting on merger
The boards of American Airlines parent AMR Corp. and US Airways have pushed back meetings to consider final plans for their merger, Associated Press sources say. A source close to the matter said Sunday that the AMR board wants to meet in person, and that the US Airways board would only meet after

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Solar industry grapples with hazardous wastes
Solar industry grapples with hazardous wastes
Homeowners on the hunt for sparkling solar panels are lured by ads filled with images of pristine landscapes and bright sunshine, and words about the technology's benefits for the environment — and the wallet. What customers may not know is that there's a dirtier side. While solar is a far less p

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Oscar contender on Palestinians angers many
Oscar contender on Palestinians angers many
An Oscar-nominated documentary about this West Bank hamlet has managed to infuriate people on both sides of the Israeli-Palestinian divide. In Israel, some are asking why the government helped fund a film so scathing in its criticism of its own policies, while Palestinians are shocked that the film

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More coincidence than conspiracy at fashion week
More coincidence than conspiracy at fashion week
During every season of designer previews at New York Fashion Week a few key, quirky items seem to pop up on different runways. They're not quite trends since one has to think they're partly for runway effect not retail orders, but they're part of the style zeitgeist nonetheless. This time there wer

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Cruise ship lifeboat accident kills 5 in Spain
Cruise ship lifeboat accident kills 5 in Spain
A lifeboat being used on a safety drill aboard a cruise ship in Spain's Canary Islands fell about 65 feet (20 meters) into a port on Sunday when a cable snapped, trapping crew members beneath it and killing five of them, officials said. None of the hundreds of passengers aboard the British-operated

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Dubai's A380 concourse in full operation
Dubai's A380 concourse in full operation
Dubai's airport authorities say a purpose-build concourse for Airbus' A380 aircraft is fully open after weeks of phased-in operations. The aircraft is a double-decker that seats 525 people and is so large some airports have to be adjusted to accommodate it. The 20-gate concourse, which hosted its i

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Google chairman to sell up to 3.2 million shares
Google chairman to sell up to 3.2 million shares
With Google's stock hovering at record highs, Executive Chairman Eric Schmidt plans to sell more than 40 percent of his stock in the Internet search leader this year. The plan disclosed Friday calls for Schmidt to sell up to 3.2 million shares. If he were to sell all that stock at Google's current

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Dell's $24.4B deal opposed by major stockholder
Dell's $24.4B deal opposed by major stockholder
Dell Inc.'s decision to sell itself for $24.4 billion to a group led by its founder and CEO is being ridiculed as a rotten deal by a major shareholder who estimates the slumping personal computer maker is really worth $42 billion. The missive launched Friday by Southeastern Asset Management Inc. th

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