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Samsung Loses $12 bln Market Value after Apple's Victory

Samsung
Samsung Electronics shares tumbled more than 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their U.S. patent battle raised concerns about its smartphone business - its biggest cash cow.
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No More Reprieves For Greece, Germans Warn

Germany rejected Sunday calls to give Greece more time to implement economic reforms, with the economy minister saying in an interview that Athens needs to respect the bailout deal reached with its international creditors.
President Obama greets the Apollo 11 astronauts in the White House

Obama, Romney React To Neil Armstrong's Death

Both Democratic President Barack Obama and Republican presidential candidate Mitt Romney expressed sorrow at the news that Neil Armstrong, an American hero, died Saturday. Armstrong had previously criticized Obama for canceling scheduled explorations into space.
Pigeons

Pigeons Disappearing In 'Bird Bermuda Triangle'

Flocks of missing birds have British homing-pigeon owners concerned. In a mysterious area that's already been dubbed the Bermuda Triangle of birds, people in the U.K. are worried because their racing pigeons appear to have vanished into thin air.
Mitt Romney Now

Romney A Birther Too? ‘No One’s Ever Asked To See My Birth Certificate’

Generally one to stay away from the birther movement, presumptive GOP presidential candidate Mitt Romney on Friday reminded his hometown crowd just where he was from. Appearing to take a poke at President Barack Obama, Romney told the crowd, "No one's ever asked to see my birth certificate. They know that this is the place that we were born and raised."
William Ackman, Hedge fund manager and the founder of Pershing Square Capital

Bill Ackman Strikes Again With General Growth Properties Bid

Bill Ackman, the mercurial hedge fund manager of Pershing Square Capital LLP and activist investor, is at it again. Ackman said in a regulatory filing Thursday that his company had been in talks with Simon Property Group Inc. (NYSE: SPG), the largest U.S. mall owner, regarding a takeover of General Group Properties Inc. (NYSE: GGP), its next largest rival.

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