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News Feed Latest worldwide news Ex-Bank of America trader launches credit hedge fund - source LONDON (Reuters) - Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets. Irans President-Elect Provokes Furor Abroad With Remarks on Israel Hassan Rouhanis remarks were reported as being more harsh by the Iranian media, and Israel said Mr. Rouhani showed his true face with the comments. NEWSMAKER Liberia must become a manufacturing economy Liberian President Ellen Johnson Sirleaf says her country must move away from its reliance on commodity exports and won't be able to sustain job growth unless it focuses on manufacturing. Cleveland police chief calls for discipline of dozens of cops (Reuters) - Seventy-five Cleveland patrol officers face disciplinary action for a deadly chase last year that ended in the shooting deaths of two unarmed civilians in a car. Suarez Navarro Wins Opener in Carlsbad Carla Suarez Navarro used a strong return game for a 6-4, 6-3 win over Sachie Ishizu in the first round of the Southern California Open on Tuesday. Sports Briefing | Football Witness Testifies That Paterno Said Penn State Erred on Sandusky Mike McQueary, a former Penn State assistant, said that the longtime football coach Joe Paterno told him the university mishandled its response to the Jerry Sandusky child sexual abuse scandal. Rodriguez to Play in Minors While Future Uncertain While a gathering storm threatened to halt his career, New York Yankees third baseman Alex Rodriguez was preparing to play a minor league game on Friday. Hingis Insists Comeback Limited to Doubles Only After a near six-year absence, former world No. 1 Martina Hingis is back on the WTA Tour. What's your pin? Fans get PGA Championship chance Golf fans from around the world will have a chance to make history at next month's PGA Championship with just a click of a button. Golf Capsules Wearing a black rain suit and a soft smile, Inbee Park looked calm as ever standing before the imposing Royal Ancient clubhouse before she teed off Thursday in the Women's British Open. Sports of The Times Baseballs Bullying Makes It Tempting to Root for Rodriguez Major League Baseballs heavy-handed approach in its Alex Rodriguez inquiry has almost turned him into a sympathetic figure. Bad drop costs Woods CNN's Patrick Snell and Shane O'Donoghue discuss the penalty officials gave Tiger Woods for a bad ball drop. Personal Health Understanding Eczema to Treat It New discoveries shed light on a skin condition that afflicts 15 million Americans. GM splits China from international unit, hires former Volvo CEO DETROIT (Reuters) - General Motors Co said on Friday it has split the critical China operations from its international unit, which will now be run by the former chief executive of Swedish automaker Volvo. Confederations Cup lessons Brazil's 3-0 win over Spain in the Confederations Cup final brought to an end an event that was designed as a test run for the 2014 World Cup hosts. Blame the U.S. for Mexico obesity? Experts are putting forward all sorts of reasons Mexico recently became more obese than the United States -- and one of the most overweight countries in the world. Gadgetwise Pairing Two Speakers to Get Stereo Sound For true stereo sound from wireless speakers, HMDX Audio offers a less expensive option with the Jam Plus. Veteran Time for U.S., N. Korea to talk An American veteran who traveled to North Korea to look for an old friend has a message for the U.S. Study Air pollution kills two million More than two million people are dying every year from the effects of outdoor air pollution, according to a new study. Tunisian forces launch air strikes on Islamist militants TUNIS (Reuters) - Tunisian forces launched air and ground strikes on Islamist militants near the Algerian border on Friday after fierce overnight clashes in the area, which coincided with increased instability and political turmoil in the North African country. Heading Upstate in Search of a Watery Eden Isolated swimming holes are becoming tougher to find in the Hudson River Valley as a more urban crowd heads upstate. Recipes for Health Gazpachos Minus the Bread The unique texture of classic gazpacho comes from bread, but in these five varieties, you wont miss it. Advertising Songs and Sunscreen Spread the Health Insurance Message Advertising is upbeat in the states that are setting up marketplaces where residents will buy health insurance in accordance with the Affordable Care Act. U.S. shutdown battle begins as Republicans kill spending measure WASHINGTON (Reuters) - A battle in Congress expected this fall over the budget and a potential government shutdown broke out early on Thursday as Republicans in the Senate effectively killed a $54 billion spending bill for transportation and housing projects. Court Rulings Blur the Line Between a Spy and a Leaker Disclosures made possible by digital media, government surveillance and unorthodox publishers have unsettled understandings of mass medias place in American democracy. Kasparov Cracks in Putin's Russia Strange things happened in a small courtroom in the Russian city of Kirov last week. Moscow mayoral candidate, and my colleague in the Russian opposition, Alexei Navalny, was convicted July 18 on concocted embezzlement charges in the type of political show trial that Josef Stalin favored long before his spiritual successor President Vladimir Putin embraced them. Critics Notebook Blurred Lines Makes Robin Thicke White Souls Leader On the album Blurred Lines, Robin Thicke, like other white-soul singers, seems more conservative than innovative, nostalgic for sounds that are decades old. Fitch Australia Statement Broadly Consistent with Consolidation HONG KONG/LONDON, August 02 (Fitch) The continued adjustment of the economic assumptions underlying Australia's fiscal consolidation strategy in the latest Economic Statement remains consistent with... The Amazon's World Cup race For the World Cup in 2014, the 42,618-seater Arena Amazonia will be one of the event's most striking stadiums. If it is finished on time..... City Room Big Ticket | A Floor With a Key to a Park for $15.175 Million A floor-through residence with 4,207 square feet of space and 40 feet of frontage on Gramercy Park was the most expensive residential sale of the week. App City Not for Followers Ssh is often described as a concierge service; it picks out restaurants, bars and activities for the discerning New Yorker. UPDATE 4-Barclays seeks $9 bln from shareholders to appease regulator * UK regulator identifies 12.8 bln stg capital gap at bank Parted by war, united by hope This South Korean couple has spent many of the past 60 years believing the other was dead. He was held prisoner by the North, she lived in the South. Fish die as Alaska temperatures continue to break records ANCHORAGE, Alaska (Reuters) - Alaska's summer heat wave has been pleasant for humans but punitive for some of its fish. Avatar Plans Now Include 3 Sequels James Cameron and 20th Century Fox said they expected to begin production next year and release the first of three additional films in December 2017. Defending Champ Haase Reaches Kitzbuehel Quarters Defending champion Robin Haase stayed on course for a third straight title at the bet-at-home Cup by beating Daniel Brands of Germany 6-4, 6-1 on Wednesday. Fukushima clean-up turns toxic for Japan's Tepco TOKYO (Reuters) - Two and a half years after the worst nuclear disaster since Chernobyl, the operator of Japan's wrecked Fukushima plant faces a daunting array of unknowns. MLB A-Rod negotiating ban deal - report Injured New York Yankees slugger Alex Rodriguez and Major League Baseball are negotiating a deal that would result in a lengthy suspension instead of a permanent ban, ESPN reported Wednesday night. Summer concert tickets scarce, expensive If someone in your house is mad for One Direction, get ready to lay out some serious cash. Exclusive Compuware takes another shot at sale - sources NEW YORK (Reuters) - Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said.

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