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Updated: 1 hour 58 min ago

Done Deal, Reynolds American to Buy Lorillard

Wed, 07/16/2014 - 14:08

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Ending all speculations by everyone interested in the tobacco industry, on Tuesday Reynolds American has finally agreed to buy Lorillard its lesser rival, for an amount of $27.4 billion. The amount paid by Reynolds will be $68.88 for cash and stock for each Lorillard share and the company will also assume Lorillard's debt.

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A Record $2.8 Billion Donated by Warren Buffet Towards Philanthropic Causes

Wed, 07/16/2014 - 12:42

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Warren Buffett the well known American business magnate is surely a generous man. He has in the past given away billions of dollars for charitable causes.

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Stop Wasting Water Or Be Ready to Pay a Fine

Wed, 07/16/2014 - 12:17

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Coincidentally it was the same day when the regulators of the state water approved daily fines that could amount up to $500 for wastage of water, the scientists also in a report said that the hovering drought will cost about $2.2 billion to California's economy this year.

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On Worries of Foreclosure JPMorgan Pulls Back From Less Credit Worthy Mortgage Lending

Wed, 07/16/2014 - 12:07

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The second-biggest mortgage lender of the U. S., JPMorgan Chase & Co, plans to back away from giving home loans to lenders who are less creditworthy. They decided to take this approach after losing faith in its capability to convalesce a greater amount of money from foreclosure on home deals though even though the government provides guarantees.

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Eastern Metro Vancouver, Fraser Valley get air quality advisory issued

Wed, 07/16/2014 - 10:23

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Metro Vancouver is educating individuals in eastern territories regarding Metro Vancouver and the Fraser Valley to maintain a strategic distance from strenuous open air exercises throughout mid-evening in view of large amounts of air contamination.

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Health Canada flags heart risks from testosterone replacements

Wed, 07/16/2014 - 10:18

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Testosterone substitutions can expand the danger of genuine heart and vein issues, Health Canada says.

The controller said 12 testosterone substitution items are accessible, for example, Androderm, Andriol, Delatestryl, Androgel, Axiroin, Depo-Testosterone, Testim, and their proportional generics.

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Why is HIV a long-lasting infection

Wed, 07/16/2014 - 10:15

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HIV, the infection that causes AIDS, can incorporate into the human genome, making it hard to cure the infection.

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Stanford Microchip identifies diabetes in minutes

Wed, 07/16/2014 - 10:11

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Decades prior, the two sorts of diabetes were not difficult to separate in exhibiting patients. Kids with high glucose were just about only sort 1, while recently diagnosed grown-ups, who were commonly overweight, were sort 2.

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Shire Gets Ready To Accept New Offer From AbbVie

Tue, 07/15/2014 - 14:14

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Shire, the Dublin based drug manufacturer says that it is ready to urge a fresh £31bn takeover offer that came from AbbVie. It is entering into discussions with the firm after it received its fifth bid from the Chicago-based firm.

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Lindt To Acquire Russell Stover Candies In a Sweet Deal

Tue, 07/15/2014 - 14:11

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Switzerland's chocolate manufacturer Lindt & Spruengli (LISP. S) said that it is buying Russell Stover the candy manufacturer from U. S.

The deal will be a billion-dollar transaction which will make it the third-largest maker of chocolate in the U. S after Hershey and Mars.

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Citigroup to Pay 7 Billion in Investigation Settlement

Tue, 07/15/2014 - 14:07

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On Monday the Citigroup decided that it would pay $7 billion to settle the federal investigation which was initiated to look into the bank's handling of dicey subprime mortgages. It admitted to a model of sham which Eric Holder the Attorney General called, "shattered lives" and added on to the nastiest financial crisis faced in decades.

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Researchers claim to have found cause of mysterious food allergy

Tue, 07/15/2014 - 13:54

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Genes are responsible for food allergy that causes allergic hypersensitivity to certain foods in some children, researchers at the Cincinnati Children's Hospital Medical Center found in a new study.

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Environmentalists concerned about conservation of environment in India

Mon, 07/14/2014 - 13:26

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Environmentalists have shown serious concerns regarding the conservation initiatives considered by the month old new government of India.

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Power Cut Resulting from Lightning Halted a Monorail Train in Disney World

Mon, 07/14/2014 - 11:52

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On Sunday evening it was a power cut that brought one of the Disney World's monorail trains to come to stop. The power outrage happened due to lighting.

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The Rebels of East Libya are Unswerving to Keep the Largest Crude Export-Port Open

Mon, 07/14/2014 - 11:48

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On Monday Brent crude came off to its lowest of three-month to a price of almost $107 per barrel as the possibility for fresh supply interruptions put a base under the oil prices which have been continuously falling since the last week of June.

Rebels from the east of Libya remained unswerving to keep Es Sider, the largest oil port of the country open.

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Dollar Holds a Steady Position as Key Events Impend

Mon, 07/14/2014 - 11:35

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On Monday the major currencies dollar, euro as well as the yen started trade almost where they closed during the last week. Investors are now looking forward to key events which include Janet Yellen the Federal Reserve Chair's congressional testimony for new indications.

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Game End for 2014 FIFA World Cup and Fed Bond Buying

Sat, 07/12/2014 - 11:31

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The most awaited 2014 FIFA World Cup with its final match on Sunday is about to come to a close. The big question is, will Germany be scoring another 7-1 binge this time against Argentina?

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To Handle its Cadillac brand General Motors Hires Infiniti Chief Johan de Nysschen

Sat, 07/12/2014 - 11:20

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On Friday General Motors Co. said that Johan de Nysschen, 54, the chief of Nissan Motor Company's Infiniti premium brand was being hired to take care of its Cadillac division.

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Crumbs Cupcakes Could Get a New Lease of Life

Sat, 07/12/2014 - 11:16

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Just after a few days of closing all of its stores due to a huge loan default, there is another chance of survival coming the way of Crumbs Bake Shop.

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Launch of 15 Foreign Satellites helped India earn 39.82 million Euros

Thu, 07/10/2014 - 13:29

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In a written reply to a question asked in the Lok Sabha, minister for Earth sciences Jitendra Singh informed that during fiscal years 2011-2014 the Indian Space Research Organization (ISRO) launched 15 foreign satellites and 14 Indian satellites and earned revenue of about 39.82 million Euros.

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