Malaysian police fired tear gas and chemical-laced water Saturday at thousands of demonstrators demanding an overhaul in electoral policies they call biased ahead of national polls expected soon.
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Tear gas used as 25,000 rally for Malaysia reforms
More than 15,000 demonstrators swamped Malaysia’s largest city Saturday to demand an overhaul in electoral policies perceived as biased ahead of national polls expected soon.
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Thousands rally for electoral reforms in Malaysia
In his most specific pledge yet to U.S. Hispanics, President Barack Obama said Saturday he would seek to tackle immigration policy in the first year of a second term. But he cautioned that he would need an amenable Congress to succeed.
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Obama pledges immigration reform early in 2nd term
Groupon’s stock has closed at its lowest level ever amid growing scrutiny over its business just five months after it went public.
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Groupon stock closes at lowest level since IPO
SAN DIEGO (Reuters) – The Federal Reserve will need to begin raising rates well before unemployment falls to its long-term “natural” rate of 5.5 percent, but will look at a much broader range of economic data before making its decision, a top Fed official said on Tuesday. At the time the Fed will need to exit its current policy of near-zero interest rates, the unemployment rate will be around 7 percent, San Francisco Fed President John Williams told reporters after a speech at the University of San Diego School of Business Administration. That’s likely to happen at the end of 2014, he said. …
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Fed’s Williams: Jobless rate not sole trigger for rate hike
LONDON (Reuters) – British satellite broadcaster BSkyB, part of Rupert Murdoch’s UK media business, is facing an escalating investigation into whether it is a “fit and proper” owner of a broadcasting licence, Britain’s telecoms regulator said on Thursday. Ofcom said it set up a dedicated team in January known as ‘Project Apple’ to investigate material emerging from the Leveson inquiry and the police’s investigations into phone hacking and the corrupting of public officials. The investigation is considering the status of both James Murdoch, chairman of BSkyB, and News Corp, which holds a 39. …
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Murdoch faces investigation over BSkyB ownership
AP – It took eight years, 450 product sketches, 6,000 consumer tests and hundreds of millions of dollars for Procter & Gamble to create something that it hopes will be destroyed in the wash.
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From idea to store shelf: A new product is born
(AP)
Reuters – As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm’s performance is its biggest problem — not the 15 years it was run by presidential hopeful Mitt Romney.
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Analysis: Bain investors worry about returns, not Romney
(Reuters)
Reuters – A Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms.
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Exclusive: DOJ casts wide net with mortgage subpoenas
(Reuters)
AP – The Nasdaq composite index briefly cracked 3,000 on Wednesday for the first time since the meltdown in dot-com stocks more than a decade ago. The stock market sank but was still on its way to closing its best February in 14 years.
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Nasdaq cracks 3,000; stocks dip as Bernanke speaks
(AP)