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Day: May 28, 2015

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DOJ cites ‘Breathtaking Flagrancy’ in charges against five banks

By Jenna Greene, From The National Law Journal Major banks agree to felony charges over currency manipulation and will pay more than $5B in penalties. Five major banks on Wednesday agreed to plead guilty to felony charges and pay more…

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Qunar: Overvalued With Numerous Risks And Skyrocketing Costs

By John Zhang from seeking Alpha Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More…) Summary Spiraling costs indicate multiple risks and headwinds. Search-to-revenue conversion rate…

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Modern advances in an ancient practice [fighting cancer]

By Heather Stringer; from Cancer Fighters Thrive Studies are revealing the benefits of acupuncture for a wider patient population. When Karen Reynolds was diagnosed with stage II breast cancer in early 2014, she welcomed the idea of integrative medicine as…

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Jury sides with Anapol Schwartz in gay lawyer’s suit

By Max Mitchell, From The Legal Intelligencer A Philadelphia jury has rejected a gay lawyer’s claims against Anapol Schwartz over his aborted lateral move. The jury in Downs v. Anapol Schwartz rendered a defense verdict Tuesday afternoon, finding for the…

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The people who control the Internet got together in a room yesterday — here’s what they’re worried about

By Cale Guthrie Weissman From Business Insider On Thursday, in a large Romanesque ballroom on Manhattan’s Amsterdam Avenue, the people who make the big decisions relating to the underlying technology of what we call the “internet” sat discussing the future….

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Haitian Airline receives permit for scheduled Port-Au-Prince to Santo Domingo Flights

By Brian Major From Travel Pulse Haiti-based Sunrise Airways this week received an operating permit from the Dominican Republic’s Institute of Civil Aviation which allows the airline to commence regularly scheduled flights between Port-au-Prince and Santo Domingo, the capital cities…

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Bribe upon bribe upon bribe: how Fifa and its cronies carved up football

By David Conn From The Guardian UK • US district court alleges massive corruption including $10m payment • American Chuck Blazer allegedly received $750,000 bribe • Concacaf president Jeffrey Webb accused over alleged $3m bribe The case against Jack Warner…

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JPMorgan claims defectors poaching clients

By Charles Toutant, From New Jersey Law Journal JPMorgan Chase Bank has sued six former wealth managers who quit en masse to join competitor Morgan Stanley and are allegedly soliciting their $2 billion base of former clients to follow them….

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Kayak.com suit sheds light on emerging IP issue

By Zack Needles, From New Jersey Law Journal The parties in a New Jersey federal suit over whether a travel search engine infringes a patent for quote-generating software are wrestling with a relatively new question in intellectual property law: When…

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An artist is making $100,000 a pop off other people’s Instagram photos — and it could be totally legal

By Rob Price From Business Insider The latest exhibition by New York artist Richard Prince is raising ethical questions in the art world. The reason? He’s selling canvases that feature other people’s Instagram photos. “New Portraits,” first exhibited at the…