Reuters – Canada’s Goldcorp Inc agreed to buy gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp .
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Corrected: Canada’s Goldcorp to buy Andean for $3.4 billion
(Reuters)
Four members of the environmental group had clung to the rig for two days to protest drilling in the Arctic. They were forced to abandon their protest because of a storm. The rig is owned by Edinburgh-based Cairn Energy.
AP – Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.
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Del Monte 1Q profit edges up, but revenue slips
(AP)
AP – Enbridge Energy Partners, the company whose pipeline caused a major oil spill in the Kalamazoo River five weeks ago, said Wednesday its plan to reinforce its oil pipelines under Lake Michigan is part of a routine maintenance program.
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Enbridge wants to work on Lake Michigan pipeline
(AP)
The USS Kirk’s rescue of 20,000 to 30,000 Vietnamese refugees in the last days of the Vietnam War is now being heralded as one of the most important humanitarian missions in the history of the U.S. Navy.
The Justice Department accuses Hakimullah Mehsud of planning the December 2009 attack in which a suicide bomber detonated explosives at a CIA base in Khost, Afghanistan, killing a Jordanian intelligence officer and seven CIA employees. It also placed the Pakistani group on its international terrorism blacklist.
AP – The unemployment rate rose in nearly half of the nation’s 372 largest metro areas in July, as the pace of hiring slowed from earlier this year.
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July unemployment up in about half of US cities
(AP)
Three bombs exploded at separate sites as 35,000 Shiites marched through the streets of Lahore in their traditional mourning procession for the caliph Ali, one of Shiite Islam’s most respected holy men. After the blasts, the marchers erupted in fury, reportedly setting fire to a police station.
AP – Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
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Banks to allow local groups to buy foreclosures
(AP)
The move begins what is portrayed as the final phase of American military involvement in the country. It comes a day after President Obama announced the shift from combat operations to preparing Iraqi forces to assume responsibility for their own security.
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