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BUSINESS
December 13, 2012 | By Andrew Tangel
Swiss banking giant UBS may pay more than $1 billion to settle investigations into allegations that it conspired to rig key interest rates, according to published reports. The $1 billion in fines would more than double the $450 million British banking giant Barclays agreed to pay in June to settle charges that it manipulated key rates, including the London interbank offered rate, or Libor. Trillions of dollars' worth of consumer and financial products are pegged to Libor, including mortgages and swaps.
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CALIFORNIA | LOCAL
July 8, 2013 | By Andrew Blankstein and Robert J. Lopez
Los Angeles police were searching for a suspect Monday afternoon in Reseda following a pursuit and reports of shots fired, authorities said. The pursuit involved at least three suspects and Los Angeles Police Department officers. Two of the suspects were detained as officers swarmed an area near Tampa Avenue and Strathern Street and set up a perimeter, according to law enforcement authorities. Officers in the San Fernando Valley were placed on a modified tactical alert, which means they can be kept on duty beyond their shift and may only respond to high-priority calls.
WORLD
December 23, 2013 | By David Zucchino
KABUL, Afghanistan - The reports are cranked out with relentless efficiency: blistering tales of waste, fraud and abuse of American taxpayer-funded projects to rebuild Afghanistan. The damning audits from the Special Inspector General for Afghanistan Reconstruction strike like missiles at the U.S. Embassy and military headquarters here. Trumpeted by an aggressive public relations effort, SIGAR findings cause heartburn among American diplomats and generals alike. Saying they are sometimes unfairly targeted, those in the cross hairs are now seeking to more effectively highlight their efforts to rectify shortcomings.
BUSINESS
February 2, 2012 | By Tiffany Hsu
The unemployment rate rose in January, while job cuts soared as much as 39% year over year, according to three separate reports Thursday. But don't panic -- Experts say the new data is not only expected, but possibly even promising. Gallup said that joblessness rose to 8.6% from 8.5% in December. But the polling group added that the figure is down significantly from the 9.9% recorded for January last year and the 10.9% rate from the same month in 2010. The percentage of people working part-time but hoping for full-time work spiked to 10.1% from 9.8% in December, reaching its highest level since Gallup began keeping track of the measure at the beginning of 2010.
CALIFORNIA | LOCAL
July 24, 2013 | By Joseph Serna
Ten people were rescued Wednesday afternoon from an equestrian center in Orange County after a report of gunshots fired in the area near Silverado Canyon, law enforcement authorities said. There were no injuries, and deputies at the scene said they had found no weapons, said Lt. Jeff Hallock of the Orange County Sheriff's Department. There were no details available on the 10 people rescued. Deputies were waiting for a search warrant for an adjacent residence on Jackson Ranch Road, where the gunshots reportedly originated.
WORLD
July 31, 2013 | By Carol J. Williams
U.N. inspectors have been granted permission to probe three sites in Syria where chemical weapons are suspected to have been used in the nearly 2 1/2-year-old civil war, the world body's chief announced Wednesday. U.N. Secretary-General Ban Ki-moon said the organization secured Syrian government permission for the inspections during a visit to Damascus last week by disarmament chief Angela Kane and Ake Sellstrom, who heads the chemical weapons investigation team. “The mission will travel to Syria as soon as possible to contemporaneously investigate three of the reported incidents, including Khan al-Assal,” Ban's office said in a statement.
NEWS
February 6, 2012 | By Nathan Olivarez-Giles
Samsungs's next big smartphone release, the so-called Galaxy S III , may end up challenging the Motorola Droid Razr as the thinnest 4G handset on store shelves when it arrives later this year, according to new reports. The Galaxy S III, as the next major Samsung Galaxy S phone is expected to be called, will come in at a thickness of about about 7 millimeters, or about 0.27 inch thick, according to a report from South Korea's Electronic Times News translated by the website BGR . The Droid Razr, which was released in November, is 0.28 inch thick and currently owns the bragging right of thinnest 4G smartphone on the market -- a major marketing point for Motorola.
WORLD
January 23, 2014 | By Carol J. Williams
The United Nations' lead advocate for human rights on Thursday demanded that Myanmar authorities investigate "credible information" about a reported massacre of more than 40 Rohingya Muslims in northern Rakhine state. "I deplore the loss of life in Du Chee Yar Tan and call on the authorities to carry out a full, prompt and impartial investigation and ensure that victims and their families receive justice," High Commissioner for Human Rights Navi Pillay said in a statement from the U.N. offices in Geneva . A spokesman for Myanmar President Thein Sein denied a massacre had been carried out by state security forces and local Buddhists, as the U.N. official alleged.
SPORTS
February 21, 2014 | By David Wharton
SOCHI, Russia - This has been a tough week for the Ukrainian athletes at the Sochi Olympics. Sports have seemed far less important amid reports of bloody clashes between the government and opposition demonstrators back home. So Valj Semerenko could be forgiven for crying on the podium as she and her teammates received gold medals for their upset victory in the 4x6K biathlon relay Friday night. FRAMEWORK: Best images from Sochi "I tried to calm down and was trying to hide it behind my skis," she said.
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