ROME (Reuters) – Thousands of people protested in Rome on Saturday against austerity policies and high unemployment, urging new Prime Minister Enrico Letta to focus on creating jobs to help pull the country out of recession. “We hope that this government will finally start listening to us because we are losing our patience,” said Enzo [...]
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By Irene Klotz CAPE CANAVERAL, Florida (Reuters) – An unmanned Atlas rocket blasted off from Cape Canaveral Air Force Station on Wednesday to deliver an upgraded global positioning system satellite into orbit. The 189-foot (58-meter) tall rocket, built and launched by United Launch Alliance, a partnership of Boeing and Lockheed Martin, soared into blue skies [...]
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By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) – Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $ 65 billion a year global computer gaming industry. But [...]
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Happy demi-anniversary, stock market rally. Will the honeymoon ever end? Six months ago, this “relentless rally” took off and it has so far delivered stock investors the kind of bounty that would make for a very good year in any age. The Standard & Poor’s 500 index bottomed at 1,353 on Nov. 15, as a [...]
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LOS ANGELES (Reuters) – Rapper Dr. Dre and music mogul Jimmy Iovine have donated $ 70 million to establish an entrepreneurial undergraduate program at the University of Southern California, the Los Angeles school said on Wednesday. The gift will create a new degree pulling faculty members from the university’s business, fine arts, music and engineering [...]
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By Angela Moon NEW YORK (Reuters) – With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street‘s rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as [...]
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The class of 2013 is in for a rude awakening this graduation season. Between ballooning student loans, credit cards and money owed to family members, they are facing an average $ 35,200 in college-related debt, a Fidelity survey of 750 college graduates shows. And for half of this year’s graduates, the amount of debt they [...]
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Unless Gen Xers and late baby boomers are able to make big changes in their savings, spending and debt habits, they are on track to become the nation’s first generations to fare more poorly than earlier groups of retirees, according to a new study from the nonprofit Pew Charitable Trusts. At the same time, early [...]
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(Adds details to tea) By Ed Osmond LONDON, May 17 (Reuters) – England‘s James Anderson took his 300th test wicket as New Zealand limped to 54 for two in reply to the hosts’ 232 at tea on the second day of the first test at Lord’s on Friday. The touring side lost opener Hamish Rutherford [...]
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By Tom Brown MIAMI (Reuters) – The U.S. National Weather Service is getting a quantum jump in computing power that will significantly improve its forecasting and storm tracking abilities to better protect the country from severe weather. “This is a game changer,” Louis Uccellini, who took over as director of the National Weather Service in [...]
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