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Qatar opens investment arm to shareholders

Qatar opens investment arm to shareholders

A senior official with Qatar's sovereign wealth fund says it will create a new investment company open to shareholders in the energy-rich Gulf nation. The move appears part of a wider strategy to spread the country's vast wealth among Qatar's citizens at a time when Gulf leaders are increasingly ne

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Nordstrom's 4Q offers clues on affluent's spending

Nordstrom's 4Q offers clues on affluent's spending

Nordstrom Inc. reports its fiscal fourth-quarter results after the market closes Thursday, which should give insight into the strength of the luxury sector. WHAT TO WATCH FOR: Spending on high-end items has recovered since the financial meltdown in late 2008, but uncertainty about the economy has g

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Citigroup moves into Best Buy credit cards

Citigroup moves into Best Buy credit cards

Citigroup said Tuesday that it will start issuing Best Buy branded credit cards. The New York-based bank is buying Capital One Financial Corp.'s portfolio of the electronics retailer's cards, with loan balances of about $7 billion. Capital One will end its credit card agreement with Best Buy Co. In

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Earnings roundup: EarthLink, Windstream

Earnings roundup: EarthLink, Windstream

Among the earnings stories for Tuesday, Feb. 19, from The Associated Press: — EarthLink Inc. lost money in its fourth quarter as its income from operations declined. Revenue managed to beat analysts' expectations, but its 2013 revenue forecast came in below Wall Street's view. — Windstream Corp.

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Earnings roundup: Group 1, Sealed Air

Earnings roundup: Group 1, Sealed Air

Among the earnings stories for Tuesday, Feb. 19, from The Associated Press: — Auto dealer Group 1 Automotive Inc. said its fourth-quarter net income fell 18 percent as expenses rose and impairment charges increased. — Shares of Sealed Air Corp., the owner of Bubble Wrap, are popping after it rep

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Little audience for 'Zero Dark Thirty' in Pakistan

Little audience for 'Zero Dark Thirty' in Pakistan

Pakistan stars in "Zero Dark Thirty," from early scenes at a detention site to the dramatic closing minutes as Navy SEALs assault the hideout of Osama bin Laden. But the Academy Award-nominated film about hunt for the al-Qaida leader has sparked a controversy here about its portrayal of the country

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Now in a can: Samuel Adams beer

Now in a can: Samuel Adams beer

For Sam Adams, it's in the can. The Boston Beer Co. will sell Samuel Adams Boston Lager in a can for the first time beginning this summer. The company says beer fans can take cans to places where glass bottles may not be allowed, like parks, beaches and sporting events. The Boston company says cans

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Shares pop as Bubble Wrap maker posts slimmer loss

Shares pop as Bubble Wrap maker posts slimmer loss

Shares for the owner of Bubble Wrap are popping Tuesday. Sealed Air Corp. reported a narrower loss in the fourth quarter and predicted better results for this year. The packaging maker is dealing with slower sales in Europe and rising costs for raw materials. Jerome Peribere, the president and chie

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Obama warns 'people will lose their jobs' if sequester cuts take effect next week

Obama warns 'people will lose their jobs' if sequester cuts take effect next week

Obama warns 'people will lose their jobs' if sequester cuts take effect next week.

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Israel treats wounded Syrians along frontier

Israel treats wounded Syrians along frontier

Israeli soldiers provided medical treatment to wounded Syrians who approached the countries' border and then transported them to a hospital in Israel for further treatment, the military said Saturday, in the first instance of Syrians finding shelter from their country's civil in the Jewish state. A

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LAPD Chief: Review of Dorner Firing Under Way

LAPD Chief: Review of Dorner Firing Under Way

Los Angeles police Chief Charlie Beck says the review of ex-officer Christopher Dorner's firing is under way, but it's too early to comment on the re-examination. (Feb. 19)

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UK patient dies from SARS-like coronavirus

UK patient dies from SARS-like coronavirus

A patient being treated for a mysterious SARS-like virus has died, a British hospital said Tuesday. Queen Elizabeth Hospital in Birmingham, central England, said the coronavirus victim was also being treated for "a long-term, complex unrelated health problem" and already had a compromised immune sy

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Beechcraft emerges from bankruptcy protection

Beechcraft emerges from bankruptcy protection

Kansas plane maker Beechcraft, formerly Hawker Beechcraft, emerged Tuesday from bankruptcy protection freed from much of its debt and its unprofitable business jet operations. It's now focused on its turboprop and piston aircraft and its military work — but the country faces potentially massive d

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Workers return as IOC makes visit to Maracana

Workers return as IOC makes visit to Maracana

Construction was back under way at Maracana stadium on Tuesday as the IOC arrived to inspect the venue which will host the opening and closing ceremonies of the 2016 Games in Rio de Janeiro. But in the second day of its three-day visit, the IOC coordination commission for the 2016 Games was met by

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Dow Chemical elects MasterCard CEO Banga to board

Dow Chemical elects MasterCard CEO Banga to board

Dow Chemical Co. said Monday it elected MasterCard Inc. President and CEO Ajay Banga to its board of directors. Dow praised Banga's experience in international markets, finance, and consumer businesses. He has been president of MasterCard since August 2009 and CEO since July 2010. Before that, Bang

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USOC sounding out 35 cities for 2024 Olympic bid

USOC sounding out 35 cities for 2024 Olympic bid

The U.S. Olympic Committee is looking for cities interested in bidding for the 2024 Summer Olympics. The USOC says it is sending letters to the mayors of 35 cities to gauge interest in a potential Olympic bid. The USOC says the letter "does not guarantee" the committee will submit a bid but is an "

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Economic policies roil Venezuela car market

Economic policies roil Venezuela car market

Venezuela may be the only country in the world where a new car becomes more expensive the instant it's driven off the dealership lot. Buying a used 2012 Ford Explorer SUV means coughing up 1.2 million bolivars, the equivalent of about $60,000 at the street exchange rate and double the cost of a new

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Pro-Cuba protesters halt dissident's Brazil event

Pro-Cuba protesters halt dissident's Brazil event

Boisterous protesters backing the Cuban government blocked the Monday screening in Brazil of a documentary featuring Cuba's best-known dissident, the blogger Yoani Sanchez, who was in attendance after being allowed to leave the communist island for the first time in nearly a decade. Small groups of

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1 killed in suspected Philippine rebel attack

1 killed in suspected Philippine rebel attack

A Philippine army official says dozens of suspected communist rebels have attacked a community in a Del Monte pineapple plantation complex in the country's south, killing at least one guard. Army Lt. Col. Eugenio Osias says the New People's Army guerrillas barged into the vast plantation belonging

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GameStop raises quarterly dividend to 27.5 cents

GameStop raises quarterly dividend to 27.5 cents

GameStop Corp. said Tuesday that its board approved a 10 percent increase to its regular quarterly dividend, boosting it to 27.5 cents. The Grapevine, Texas-based video-game retailer said the new dividend, which amounts to $1.10 per share on an annual basis, will be paid on March 19 to shareholders

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