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Lockheed Martin to cut 4,000 jobs

Defense contracting giant Lockheed Martin announced Thursday that it would eliminate 4,000 jobs and close several facilities in an effort to cut costs in a climate of reduced federal spending. The Bethesda-based company said it would shutter its operations in Newtown, Pa.; Akron, Ohio; Goodyear, Ariz.; and Horizon City, Tex. At a fifth campus in Sunnyvale, Calif., Lockheed will close ...

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Lockheed Martin to cut 4,000 jobs

Defense contracting giant Lockheed Martin announced Thursday that it would eliminate 4,000 jobs and close several facilities in an effort to cut costs in a climate of reduced federal spending. The Bethesda-based company said it would shutter its operations in Newtown, Pa.; Akron, Ohio; Goodyear, Ariz.; and Horizon City, Tex. At a fifth campus in Sunnyvale, Calif., Lockheed will close ...

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Chinese man gives future bride 8.88 mln in cash

AFP – A Chinese suitor who gave his future bride an auspicious 8.88 million yuan ($1.5 million) in cash drew ire on Thursday for the extravagant display of wealth in the still-developing country. Some 18…

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Ireland to exit three-year bailout without credit line

Ireland is to exit its three-year bailout programme next month without seeking precautionary funding, Taoiseach Enda Kenny has confirmed. Mr Kenny told the Dáil this was the “right decision for Ireland”. He said the Government would publish a new medium-term economic strategy in the wake of the announcement. Ireland’s bailout exit of huge significance for Europe Pivotal moment could be ...

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In Letter From Prison, Morsi Accuses Egypt’s Military Leaders of Treason

CAIRO — In a letter from prison made public by his lawyers on Wednesday, Mohamed Morsi, the former Islamist president of Egypt, heaped scorn on his opponents in the military-backed government, saying that they had committed treason and that Egypt “will not recover” until the “coup” that removed him from power was reversed. Connect With Us on Twitter Follow @nytimesworld ...

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Hawaii Governor to Sign State’s Gay Marriage Bill

Comment () Tweet Proponents of gay marriage rally outside House chambers at the Hawaii Capitol in Honolulu on Friday, Nov. 8, 2013. Hawaii Gov. Neil Abercrombie is expected to sign a bill Wednesday legalizing gay marriage. By OSKAR GARCIA, Associated Press HONOLULU (AP) — Hawaii Gov. Neil Abercrombie is expected to sign a bill Wednesday legalizing gay marriage, expanding the ...

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Why Starbucks Is About To Pay Mondelez $2.7 Billion [THE BRIEF]

Good morning, AdLand. Here’s what you need to know today: Starbucks has been ordered by an arbitrator to pay $2.7 billion to Mondelez International for improperly terminating a deal through which Mondelez marketed Starbucks brand coffee in grocery stores. Starbucks tried to terminate the deal in 2010 before it was contractually stipulated to end on the grounds that Mondelez’s predecessor ...

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Two Islamist groups in Nigeria designated terror organizations by US

WASHINGTON — Two Islamist groups in Nigeria have been added to the State Department’s list of foreign terrorist organizations for killing thousands of people and threatening Westerners in West Africa, U.S. officials said Wednesday. Boko Haram and a splinter group, Ansaru, were named to the federal roster of terrorist groups after U.S. officials determined that they had received training and ...

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Pink diamond sold for more than $83 million

GENEVA – An enormous diamond known as “The Pink Star” has sold for more than $83 million at an auction, far surpassing its expected price. Sotheby’s says the sale Wednesday night of the vivid and flawless 59.60-carat pink diamond is the highest price ever paid for a gemstone at auction. Prior to the sale to the successful bidder, representing an ...

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