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Lockout set as midnight strikes for NBA
NEW YORK — NBA team owners ordered a lockout of players to commerce one minute after midnight on Friday as last-ditch talks failed, setting up a shutdown that threatens the 2011-2012…
Government played down nuclear fears: report
LONDON — The government worked with the country's nuclear industry to calm public fears over the safety of nuclear power in the wake of the Fukushima crisis, the Guardian reported Friday.In…
US stocks rally on Greek vote, US data
NEW YORK — US stocks rallied Thursday, rising for the fourth day in a row after Greek lawmakers voted to implement a vital austerity plan and data showed business activity was…
NBA talks end with lockout now expected
NEW YORK — NBA owners will lock out players after talks ended without a new collective bargaining agreement to replace the one that expires on Thursday, NBA players union boss Billy…
US banker gets 30 years in big fraud case
WASHINGTON — A banker was given 30 years in prison Thursday in the $2.9 billion mortgage industry fraud that sank Colonial Bank in the biggest US bank collapse in 2009, the…
NBA owners, players talk as contract deadline looms
NEW YORK — NBA club owners and players were locked in last-ditch negotiations on Thursday in the final hours before the expiry of their collective bargaining agreement and a possible shutdown…
S. African taxi group plans budget airline
JOHANNESBURG — South Africa's mini-bus taxi industry wants to launch a new budget airline by year-end, targeting undeserved markets, Business Day newspaper reported Thursday.The South African National Taxi Council (Santaco) said…
Myanmar frees Australian media boss
YANGON — A Myanmar court on Thursday convicted an Australian newspaper boss of assault and sentenced him to one month in jail but allowed him to walk free after taking into…
US vows to support India's nuclear waiver
NEW DELHI — The United States will support India's continued exemption from global nuclear trade rules despite moves to tighten up restrictions, the US ambassador to India said on Thursday.Last week…
German official retail sales mark four-year drop
FRANKFURT — German retail sales showed the sharpest drop for four years in May, provisional official data showed on Thursday, in the latest snapshot of Europe's biggest economy.Fear generated by the…
Oracle buys data storage firm Pillar
NEW YORK — US business software giant Oracle has reached a deal to buy Pillar Data Systems, a data storage start-up majority owned by Oracle founder and principal owner Larry Ellison.Under…
German retail sales mark four-year drop in May
FRANKFURT — German retail sales posted their biggest drop in four years in May, provisional data released Thursday by the national statistics office showed, providing a reality check for Europe's largest…