Morgan Stanley fined over Facebook IPO

WASHINGTON: Morgan Stanley agreed Monday to pay a $5 million fine to settle charges that it improperly handled crucial information on Facebook's earnings ahead of the company's disastrous IPO.The securities regulator of the state of Massachusetts had charged that Morgan Stanley, the lead underwriter for the $16 billion stock issue in May, coached Facebook on how to present lowered earnings...

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Shinde nails Pak lie on Hafiz Saeed's arrest in 26/11 case

NEW DELHI: Pakistan's claim that it had "arrested" 26/11 mastermind Hafiz Saeed in connection with the Mumbai terror attacks has turned to be incorrect as the Lashkar-e-Taiba chief was picked up for unrelated cases and Islamabad hoodwinked India by concealing these facts. Indian officials belatedly realized that they were taken for a ride when they examined documents given to them on Saeed by...

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Gunman's Computer Damaged, Drive Possibly Ruined

A computer at the Connecticut home where Newtown, Conn., school shooter Adam Lanza lived with his mother was badly damaged, perhaps smashed with a hammer, said police who hope the machine might still yield clues to the gunman's motive.The computer's hard drive appeared to have been badly damaged with a hammer or screw driver, law enforcement authorities told ABC News, complicating...

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Crayfish Harbor Fungus That’s Wiping Out Amphibians

Scientists have found a new culprit in spreading the disease that's been driving the world's frogs to the brink of extinction: crayfish.In the last few decades, the disease caused by the chytrid fungus has been a disaster for frogs and other amphibians. More than 300 species are nearly extinct because of it. Many probably have gone extinct, but it can be difficult to know for sure when...

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Police: Shooter carried ‘numerous’ high-capacity magazines for weapons used in Connecticut massacre

NEWTOWN, Conn. — The gunman who stormed into an elementary school here Friday carried “numerous” high-capacity ammunition magazines for his semiautomatic rifle, as well as multiple magazines for two other guns, police said Sunday afternoon. In all, 20 year-0ld Adam Lanza had hundreds of bullets with him when he shot out a pane of glass and entered Sandy Hook elementary school at 9:30 a.m....

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Football: Real Madrid held by Espanyol, pressure builds on Mourinho

MADRID: A late goal from substitute Juan Albin gave Espanyol a 2-2 draw against stuttering Real Madrid who will be 13 points off La Liga leaders Barcelona if they beat second-placed Atletico Madrid later Sunday.The pressure is now firmly on coach Jose Mourinho with the reigning champions unable to beat relegation-threatened Espanyol.Cristiano Ronaldo equalised for Madrid on the stroke...

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Law will take its course on Wal-Mart: Tewari

NEW DELHI: The government on Sunday said it will act against Wal-Mart if any violation by the global retail giant to gain entry into the Indian market is established. "If at all any investigation does conclusively establish that there has been a violation of Indian laws... law will take its own course," information and broadcasting minister Manish Tewari said in a TV interview. The minister also...

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Conn. Shooter Had Hundreds of Rounds

Adam Lanza had hundreds of rounds and used multiple high capacity magazines when he went on a rampage at Sandy Hook Elementary School, killing 20 first graders and six adults, Connecticut State Police said today.After shooting at victims in two classrooms and a hallway with a high-powered semi-automatic rifle, he put a bullet into his own head with a handgun."The weapon that...

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Space Pictures This Week: Frosty Mars, Mini Nile, More

Photograph by Mike Theiss, National GeographicThe aurora borealis, also known as the northern lights, illuminates the Arctic sky in a recent picture by National Geographic photographer Mike Theiss.A storm chaser by trade, Theiss is in the Arctic Circle on an expedition to photograph auroras, which result from collisions between charged particles released from the sun's atmosphere and gaseous particles...

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US police seek clues in school shooting

NEWTOWN, Connecticut: US police indicated on Saturday they are homing in on the mystery of what triggered the massacre of 20 children and six adults at a school by a young lone gunman.Police have yet to make public the identities of the dead or almost any of the details of what happened inside Sandy Hook Elementary School just after classes started Friday.The motives of the shooter, identified...

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