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Lockout makes insurance an Olympian issue for stars
NEW YORK — The decision by NBA club owners to lock out players starting Friday means NBA stars who want to play for their homelands in Olympic qualifying over the next…
US automakers post big sales gains in June
CHICAGO — US automakers posted big sales gains in June amid strong demand for their more fuel-efficient vehicles, with Chrysler sales jumping 30 percent, Ford up 14 percent and General Motors…
Tens of thousands due at Berlin yoga fest
BERLIN — Tens of thousands of yoga fans are expected in Berlin this weekend for a huge festival organised in the German capital's 1930s Olympic Stadium by one of India's best-known…
Nigerian city gripped by fear after Islamist attacks
MAIDUGURI, Nigeria — Fear pervades the northeastern Nigerian city of Maiduguri where hundreds of troops have been deployed after a wave of bombings and shootings by the radical Islamist sect Boko…
Apple, Microsoft-led consortium wins Nortel patents
MONTREAL — A consortium led by Apple and Microsoft won an auction for some 6,000 patents held by bankrupt Canadian firm Nortel, their $4.5 billion bid beating Google and Intel, Nortel…
Bankrupt Borders book seller finds bidder
NEW YORK — Borders, the second largest US book store chain, has found a bidder to purchase its assets after filing for bankruptcy earlier this year.Direct Brands, a portfolio company of…
Vodafone to sell Polish Polkomtel stake
LONDON — British mobile phone giant Vodafone said on Friday that it was selling its stake in Polkomtel as part of a shareholder agreement to sell the Polish telecoms group to…
Minister urges businesses to hire young Britons
LONDON — Businesses should recruit more unemployed British youths rather than taking on migrant workers, the work and pensions secretary is expected to say on Friday.In a speech in Madrid Iain…
Japan begins power restrictions
TOKYO — Japan on Friday began restricting electricity consumption in the Tokyo and Tohoku regions, more than three months after a tsunami sent nuclear reactors into meltdown at the Fukushima Daiichi…
Japan's Ricoh to acquire Pentax camera brand
TOKYO — Japanese office equipment and camera maker Ricoh on Friday said it would acquire Hoya Corporation's Pentax digital camera business in a deal effective October.In a statement, the companies said…
JAL plans budget carrier with Jetstar: report
TOKYO — Japan Airlines (JAL) is expected to enter the low-cost carrier market by teaming up with Australia's Jetstar, launching domestic services as early as next year, a report said Friday.JAL…
US regulators looking into Twitter: reports
WASHINGTON — US regulators are reviewing Twitter's dealings with firms that build applications and services for the popular messaging service, according to published reports.The Wall Street Journal, citing a "person familiar…