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TSX steady as lackluster data, earnings drag
TORONTO (Reuters) - Canada's main stock index closed little changed on Tuesday as sluggish economic data from China, Germany and the United States revived concerns about the global recovery. Lackluster earnings reports from some Canadian companies also weighed down investor sentiment.
Apple unlocks more cash for investors as profit slides
SAN FRANCISCO (Reuters) - Apple Inc plans to share more of its steadily growing $145 billion cash pile, bowing to investors' increasingly strident demands and sending its shares higher. The tech giant plans to return $100 billion of cash to shareholders under an expanded program, which includes issuing debt for the first time. The company will increase share repurchases and offer a higher dividend to the end of 2015.
Bank of Canada's Macklem confirms interest in governor role
OTTAWA (Reuters) - Tiff Macklem, currently second in command at the Bank of Canada and widely seen as the lead contender to succeed Governor Mark Carney, confirmed on Tuesday that he would be interested in running the central bank. "Yes if asked I will serve, but there is a process that is ongoing and I don't think it would be appropriate to start asking interview questions here when there is a separate process," Macklem told a House of Commons committee, when asked if he would take the job.
U.S. sues Novartis, alleging kickbacks to pharmacies
(Reuters) - The U.S. government filed a civil fraud lawsuit against Novartis AG
Hackers send fake market-moving AP tweet on White House explosions
WASHINGTON (Reuters) - Hackers took control of the Associated Press Twitter account on Tuesday and sent a false tweet about explosions in the White House that briefly sent U.S. financial markets reeling. In the latest high-profile hacking incident involving social media service Twitter, an official @AP account reported that two explosions at the White House injured President Barack Obama.
Yum profit beats even as bird flu batters China sales
(Reuters) - KFC parent Yum Brands Inc
Sura, Scotiabank buy BBVA Peru fund
LIMA/BOGOTA (Reuters) - Colombian financial group Sura
Chesapeake, Bank of New York, square off in bond trial
NEW YORK (Reuters) - Chesapeake Energy Corp
CN Railway says sector-leading efficiency on track
TORONTO (Reuters) - Canadian National Railway
Corzine sued by MF Global trustee over firm's collapse
(Reuters) - Jon Corzine was sued by the bankruptcy trustee liquidating MF Global Holdings Ltd
Source: http://news.yahoo.com/ca-business-summary-114755430.html
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WASHINGTON (AP) ? The Supreme Court is wrestling with the First Amendment implications of a policy that forces private health organizations to denounce prostitution as a condition to get AIDS funding.
The court appeared divided, and not along ideological lines, Monday in an argument over whether the anti-prostitution pledge violates the health groups' constitutional rights.
Four organizations that work in Africa, Asia and South America are challenging the 2003 law. They say their work has nothing to do with prostitution.
The Obama administration says it is reasonable for the government to give money only to groups that oppose prostitution and sex trafficking because they contribute to the spread of HIV/AIDS.
A federal appeals court struck down the pledge as an unacceptable intrusion on the groups' right to speak freely.
Source: http://news.yahoo.com/high-court-weighs-dispute-over-aids-funding-164248037--politics.html
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Schoolchildren march in front of a school where Tamerlan Tsarnaev, who was dubbed a suspect in the Boston Marathon bombings, studied, in a small Kyrgyz city Tokmok east of the country's capital of Bishkek, on Friday, April 20, 2013. Tamerlan Tsarnaev was an amateur boxer with muscular arms and enough brio to arrive at a sparring session without protective gear. The Tsarnaev family arrived in the United States, seeking refuge from strife in their homeland. The family had moved from Kyrgyzstan to Dagestan, a predominantly Muslim republic in Russia's North Caucasus that has become an epicenter of the Islamic insurgency that spilled over from Chechnya. (AP Photo/Abylay Saralayev)
Schoolchildren march in front of a school where Tamerlan Tsarnaev, who was dubbed a suspect in the Boston Marathon bombings, studied, in a small Kyrgyz city Tokmok east of the country's capital of Bishkek, on Friday, April 20, 2013. Tamerlan Tsarnaev was an amateur boxer with muscular arms and enough brio to arrive at a sparring session without protective gear. The Tsarnaev family arrived in the United States, seeking refuge from strife in their homeland. The family had moved from Kyrgyzstan to Dagestan, a predominantly Muslim republic in Russia's North Caucasus that has become an epicenter of the Islamic insurgency that spilled over from Chechnya. (AP Photo/Abylay Saralayev)
A house where Tsarnaev brothers, Dzhokhar and Tamerlan suspects in the Boston Marathon bombings, were lived in before leaving for Dagestan, in a small Kyrgyz city Tokmok east of the country's capital of Bishkek, on Friday, April 20, 2013. The Tsarnaev family arrived in the United States, seeking refuge from strife in their homeland. The family had moved from Kyrgyzstan to Dagestan, a predominantly Muslim republic in Russia's North Caucasus that has become an epicenter of the Islamic insurgency that spilled over from Chechnya. (AP Photo/Abylay Saralayev)
Local boys have a boxing training at a sport school where Tamerlan Tsarnaev, who was dubbed a suspect in the Boston Marathon bombings, had his training, in a small Kyrgyz city Tokmok east of the country's capital of Bishkek, on Friday, April 20, 2013. Tamerlan Tsarnaev was an amateur boxer with muscular arms and enough brio to arrive at a sparring session without protective gear. The Tsarnaev family arrived in the United States, seeking refuge from strife in their homeland. The family had moved from Kyrgyzstan to Dagestan, a predominantly Muslim republic in Russia's North Caucasus that has become an epicenter of the Islamic insurgency that spilled over from Chechnya. (AP Photo/Abylay Saralayev)
TOKMOK, Kyrgyzstan (AP) ? The two brothers accused of blowing up homemade bombs at the Boston Marathon came from a Chechen family that for decades had been tossed from one country to another by war and persecution.
Their father and former neighbors from Kyrgyzstan ? home to many Chechens who were deported from their native villages by Soviet dictator Josef Stalin ? tell of a family often on the move in search of safety and a better life.
Tamerlan Tsarnaev, 26, who was killed in a shootout, and his 19-year-old brother, Dzhokhar Tsarnaev, who was captured alive, had moved to the United States about a decade ago with their parents and two sisters. By all accounts, the younger brother had many friends, but his older brother felt alienated from American society and in recent years had turned increasingly to Islam.
Although neither spent much time in Chechnya, a province in southern Russia that has been torn apart by war and an Islamic insurgency, both strongly identified themselves as Chechens. They took up boxing and wrestling, two of the most popular sports in Chechnya, where people are proud of their warrior traditions.
The brothers' story begins in Tokmok, a town about 60 kilometers (35 miles) from the capital of Kyrgyzstan, a country in Central Asia that was once part of the Soviet Union. Stalin rounded up the Chechens and shipped them east during World War II, seeing them as potentially disloyal. Their father, Anzor Tsarnaev, was born in Kyrgyzstan.
"This was a very good family," Badrudi Tsokoev, a fellow Chechen who lived next door to the Tsarnaevs, said Saturday. "They all strove to get a higher education, to somehow set themselves up in life."
The brothers' grandfather had died tragically when a shell exploded as he was scavenging for metal that could be sold as scrap, neighbors said.
After the 1991 collapse of the Soviet Union, the family moved to Chechnya, only to have war break out in 1994 between Russian troops and Chechen separatists fighting for an independent homeland. Dzhokhar was born in 1993 and shares the name of Chechnya's first separatist leader.
The fierce battles, which reduced much of Chechnya to rubble, sent the Tsarnaevs fleeing back to Kyrgyzstan with their two young sons, a daughter and another one on the way.
"As soon as the war started they came back," said Nadezhda Nazarenko, another former neighbor in Tokmok. The children's mother "described how they were in clothes they would wear only around the house and fled the bombing, managing only to grab their documents and a few things."
Neighbors said Anzor Tsarnaev, who had studied law and previously served in the prosecutor's office, worked hard to provide for his family.
"Soon they began to live well and renovated their home," Nazarenko said. "The children did well in school and were well behaved."
Russian troops rolled into Chechnya again in 1999 and took it under Moscow's control. The same year, the Tsarnaev family moved back to Russia, according to Anzor Tsarnaev, settling briefly in Dagestan, which like neighboring Chechnya is a predominantly Muslim republic. They left from there in 2002 for the United States, joining relatives who had emigrated earlier.
Anzor Tsarnaev told The Associated Press that the move to the U.S. was motivated in part by a desire to escape discrimination against Chechens in Russia and Kyrgyzstan.
He returned about a year ago to Dagestan, which has become the epicenter of the Islamic insurgency that spilled over from Chechnya to spread throughout the North Caucasus region.
His elder son visited him last year, according to neighbors in Makhachkala, the capital of Dagestan.
No evidence has emerged to connect Tamerlan Tsarnaev with the insurgents, who have carried out a series of terrorist attacks in Russia. The FBI said it interviewed him in 2011 at the request of an unspecified foreign government and found nothing of concern at the time.
Anzor Tsarnaev visited his hometown in Kyrgyzstan last year, according to Tsokoev, the former neighbor. "He was very happy and proud of his sons' success in the U.S.," Tsokoev said. "We also were happy for him. He worked hard to give his children a good education."
Tsarnaev, who worked as an auto mechanic in the U.S., seems unable to comprehend that his sons could have been involved in such a gruesome bombing.
"These children were brought up with kindness," Tsarnaev said in an interview shown Saturday on Russian television. "We're a family of lawyers, and everyone who knows us knows that."
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