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/ 3 February 2005
A unique deal in which 10 former WorldCom directors would personally pay -million of a -million settlement to compensate investors over the company’s plunge into bankruptcy will be withdrawn, plaintiffs said. The plaintiffs were pulling out of the deal after United States District Judge Denise Cote on Wednesday struck down a key component of the agreement.
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/ 3 February 2005
Australian miner WMC Resources rejected an improved takeover offer from Anglo-Swiss giant Xstrata on Thursday and said it would concentrate instead on joint venture projects. Xstrata on Wednesday raised its bid from AUS,35 a share to AUS,20, valuing WMC at more than AUS,4-billion.
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/ 3 February 2005
It’s young, it’s hip, it’s hot. And now Google, the company that transformed the internet search, has fueled a new high-tech fever by delivering blockbuster financial results. In results released on Tuesday, the Silicon Valley company said it raked in over a billion dollars in the most recent quarter and multiplied its profit by seven.
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/ 3 February 2005
Amazon.com said on Wednesday that earnings for its all-important fourth quarter rose more than fourfold, but the internet retailing giant was helped by a big one-time tax benefit and missed Wall Street expectations. The results sent Amazon shares plunging 13%, or ,44.
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/ 3 February 2005
Britain will be seeking approval from the United States for its grand plan to help alleviate poverty in Africa when finance ministers from the Group of Seven industrialised nations convene in London on Friday and Saturday.
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/ 3 February 2005
The JSE Securities Exchange (JSE) was flat at midday, with resources falling prey to profit-taking after their phenomenal run over the previous two days and banks bouncing from an oversold position. A weakening in the rand pared resources counters losses, dealers said. At 12.05pm, the all-share and gold-mining indices were flat.
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/ 3 February 2005
Four referees and 14 players are among 25 people suspected of manipulating at least 10 games, including first-division matches, Berlin prosecutors said in Germany’s growing match-fixing scandal on Wednesday. Police raided the homes of 19 people across the country early on Wednesday and seized documents.
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/ 3 February 2005
Silver Stars moved up to seventh spot of the Castle Premier Soccer League log on Wednesday afternoon courtesy of a late strike from Dingane Masanabo. His goal in the 82nd minute gave the home team a 1-0 victory over Ajax Cape Town at the Seshego Stadium. A number of opportunities were missed by both teams.
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/ 3 February 2005
When six-month-old Jack Russell puppy Toby, startled by a gunshot, leapt off a 21m cliff and into a busy shipping lane, his owners presumed it was the last they would see of their beloved pet. But Toby was made of stronger stuff. The white-and-tan terrier puppy survived the sheer drop and plunged into Plymouth Sound.
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/ 3 February 2005
Hollywood stars Catherine Zeta-Jones and Tim Robbins will be this year’s recipients of the annual Hasty Pudding awards, given by a student drama group at Harvard University. The awards, announced on Wednesday, are given to performers who have made a ”lasting and impressive contribution to the world of entertainment”.