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Business - Top 10 highest-paid CEOs

NEW YORK (AP) Here are the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm:

Tuesday, May 26, 2015  11:45


World - Hacking victims win record court damages from UK tabloid

The publisher of Britain`s Daily Mirror newspaper was on Thursday ordered to pay former England football star Paul Gascoigne and seven other victims of phone-hacking `unparallelled` awards totalling £1.2 million (1.7 million euros, $1.9 million). Gascoigne, known as Gazza, was awarded £188,250 following a privacy trial at the High Court in London earlier this year, while actress Sadie Frost, the ex-wife of actor Jude Law, received £260,250. Trinity Mirror, which owns the Daily Mirror, Sunday Mirror and Sunday People national tabloids, said it was considering an appeal.

Thursday, May 21, 2015  16:07


World - Thomas Cook cuts losses, says sorry over Corfu deaths

British travel firm Thomas Cook on Wednesday announced a reduction in first-half losses, as its chief executive belatedly apologised for its handling of a family tragedy in Corfu that badly hit its reputation. Losses after tax stood at £302 million ($469 million, 421 million euros) in the six months to the end of March compared with a net loss of £364 million during Thomas Cook`s first half one year earlier. Thomas Cook has faced calls on social media for a boycott over the way it dealt with the deaths of two British children killed by carbon monoxide poisoning on one of its holidays on the Greek island of Corfu in 2006.

Wednesday, May 20, 2015  18:01


World - The world`s 10 most legendary luxury hotels

Tuesday, May 26, 2015  03:13


World - 10 places we`d rather be

Tuesday, May 26, 2015  03:13


World - Iran begins trial of detained Washington Post reporter

TEHRAN, Iran (AP) The closed trial of an American-Iranian reporter for the Washington Post detained in Iran for more than 10 months began Tuesday in a court used to hear security cases, the official IRNA news agency reported.

Tuesday, May 26, 2015  10:32


Business - First defendant in Libor scandal faces jury trial in London

By Kirstin Ridley LONDON (Reuters) - Tom Hayes, a former star trader at UBS and Citigroup, becomes on Tuesday the first person to face trial by jury over allegations he conspired to rig global Libor interest rates. The trial in London marks a new phase in a seven-year, global inquiry that has culminated in banks and brokerages paying around $9 billion to settle regulatory allegations of rate rigging -- shredding public faith in the integrity of financial markets. The former yen derivatives trader is charged by Britain`s Serious Fraud Office (SFO) with eight counts of conspiracy to defraud between 2006 and 2010, a criminal offence that carries a maximum jail sentence of 10 years.

Tuesday, May 26, 2015  09:55


Business - Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR

Chinese automaker BYD Co Ltd , backed by Warren Buffett`s Berkshire Hathaway Inc , plans to raise up to $1.9 billion in a share offering in mainland China, IFR reported on Tuesday, citing a source familiar with the plans. The private placement aims to raise between 10 billion yuan and 12 billion yuan, with a placement proposal out in early June, added IFR, a Thomson Reuters publication. Shares of BYD, which makes hybrid and electric vehicles, were halted in Shenzhen on Monday at the company`s request after it unveiled plans for a possible private placement, while trading in Hong Kong was halted on Tuesday, following a holiday the previous day.

Tuesday, May 26, 2015  08:42


World - Kenyan police missing, feared dead after Shebab attack

Thirteen Kenyan police are missing following an overnight ambush by suspected Shebab militants in the northeast of the country close to the border with Somalia, a police spokesman said Tuesday. Local officials said more than 10 officers may have been killed in Monday night`s ambush near Garissa -- the scene of last month`s university massacre -- while Kenyan media reported the number of dead could be as high as 20. `There was an ambush on officers who were on patrol and as a result, 13 officers are missing,` police spokesman George Kinoti said.

Tuesday, May 26, 2015  08:41


Middle East - Iran trial begins for US reporter

The trial of a Washington Post journalist detained in Iran for almost 10 months on charges that include espionage opens behind closed doors in Tehran.

Tuesday, May 26, 2015  08:23

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