Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

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Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Warning about student ‘money mules’

25 February 2013 Last updated at 19:03 ETBy Simon Gompertz Personal finance correspondent, BBC NewsFraud experts are warning that hundreds of thousands of people are in danger of being duped into laundering money for fraudsters.They are being recruited as unwitting “money mules” who allow their own bank accounts to be used to disguise the proceeds of crime.The study was carried out by Financial Fraud...

Read More..

Sriracha Hot Sauce Catches Fire

The first thing you smell at the Huy Fong Foods factory in suburban Los Angeles is the overwhelming aroma of garlic, a key ingredient in the company’s signature product: Sriracha Hot Chili Sauce. The first thing you see, however, doesn’t make nearly as much sense. In the lobby is a blown-up picture of two astronauts—one Russian, the other Asian-American—hovering in zero gravity in the cramped confines...

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Three Years Later, BP Is Finally Headed to Court

By now, BP (BP) and the U.S. government should have hashed out a final, all-in price tag for the April 2010 Gulf of Mexico oil spill. This sort of big-dollar case, the conventional wisdom dictates, settles out of court. Going to trial raises risks for the combatants that cautious lawyers try to avoid.On Monday, unless the Justice Department and the London-based energy giant reach a last-minute truce,...

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Wall Street opens lower after jobless data

NEW YORK (Reuters) – Stocks opened lower on Thursday, extending the previous session’s steep decline following a bigger-than-expected rise in weekly jobless claims.The Dow Jones industrial average <.dji> was down 28.40 points, or 0.20 percent, at 13,899.14. The Standard & Poor’s 500 Index <.spx> was down 5.87 points, or 0.39 percent, at 1,506.08. The Nasdaq Composite Index <.ixic>...

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The Latest Abortion Battle: Pro-Lifers vs. Telemedicine

Five years ago, doctors at the Whole Woman’s Health clinic in Austin, Tex., began prescribing abortion-inducing drugs to patients in McAllen, a town about 300 miles away on the Mexican border. The women consulted with the clinic’s physicians by telephone and videoconference, eliminating travel time and lowering costs for doctor and patient. Before this service was available, the clinic would pay doctors...

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First Came the Russian Meteor, Now the Meteorite Deals

A meteorite for sale on Avito.ruPsssst! Want to buy a piece of that meteor that exploded over Russia the other day? Hundreds of vendors will be happy to hear from you. Some of them might even be selling real meteorites.Avito.ru, the Russian equivalent of Craigslist, has been flooded with ads offering meteorites from Chelyabinsk, site of the dramatic Feb. 15 explosion that injured more than 1,000 people....

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Pound falls against dollar and euro

18 February 2013 Last updated at 05:28 ETSterling has continued to weaken against the dollar and the euro on continued worries about the health of the UK economy.Against the dollar, sterling fell to a seven-month low, and against the euro it was nearing a 15-month low.The falls came after Bank of England policymaker Martin Weale said that sterling may need to weaken further to bolster the UK economy.Currency...

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Why Democrats Should Fear Budget Sequester Cuts

While both parties are beginning to position themselves for the showdown over the $ 1.2 trillion in automatic “sequestration” cuts that take effect on March 1, Democrats are generally seen as having the advantage. The programs they’re most concerned about (Medicare, Medicaid, nutrition assistance) are, for the most part, spared the budget axe. The same is not true for Republicans. Sequestration makes...

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The Least Annoying Ski Weekend Ever

Lake Tahoe, Calif.Days: The Ritz-Carlton (MAR), Lake Tahoe, is the nicest hotel on the lake and the closest to the airport (from $ 369 a night). Slopeside at Northstar California (MTN), it offers ski-on, ski-off access, maximizing mountain time. Tahoe is Shaun White’s home resort, and aspiring X Gamers can sign up for the Burton Snowboard Academy near the hotel’s back door ($ 250 for a full-day lesson)....

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Wall Street opens flat with data on tap

NEW YORK (Reuters) – Wall Street opened flat on Friday, continuing a trend this week of thin trading and tight moves, with the S&P 500 struggling to extend a streak of weekly gains to seven.The Dow Jones industrial average <.dji> shed 0.62 points, or 0.00 percent, to 13,972.77. The Standard & Poor’s 500 Index <.spx> gained 1.24 points, or 0.08 percent, to 1,522.62. The Nasdaq Composite...

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Kenyan economy likely to grow up to 6 pct in 2013: IMF

NAIROBI (Reuters) – The International Monetary Fund expects the Kenyan economy to grow at least 5.5 to 6 pct this year from an estimated 4.5 to 5 percent in 2012, assuming elections in March go smoothly, a senior fund official said.“Kenya has stayed the course of its economic reforms and this has worked quite well,” Domenico Fanizza, who has been leading a mission to Kenya under the IMF’s Extended...

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Obama Can’t Do Squat to Help the Economy on His Own

Early signals from the White House about Tuesday’s State of the Union speech indicate strongly that President Obama will focus on jobs and the economy — two vital subjects conspicuously downplayed in his Jan. 21st inauguration address. The weeks since then have brought news that the economy unexpectedly contracted in the fourth quarter of 2012 and that the Great Recession continues to take a toll...

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Gold Fields spin-off to woo Chinese investors

JOHANNESBURG (Reuters) – Sibanye Gold will seek Chinese investors and look to acquire other gold assets in South Africa, its chief executive said on Monday, its first day as a listed company.Shares in Sibanye, a spin-off of two South African gold mines from world No. 4 bullion producer Gold Fields, were trading at 13.61 rand at 1355 GMT, valuing the business at 10.0 billion rand.Analysts had expected...

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Bye, Bye Big Burger? Diners Try to Cut Calories

America’s romance with triple-decker, gooey cheese- and bacon-laden burgers is officially cooling. Not that we’re all noshing on baby carrots.A new study by the Hudson Institute finds that demand for traditional items at restaurants is falling, with what the think tank calls “low-calorie” items rising to take their place. (At our favorite chains, “low-calorie” is a pretty inclusive category.) In this...

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Canada rate hike views pushed back as economy struggles: Reuters poll

TORONTO (Reuters) – Half of Canada‘s primary dealers have recently pushed back forecasts for the timing of the central bank’s next interest rate hike, a Reuters poll showed on Friday after weak jobs and housing starts data suggested the economy will struggle in 2013.The economic figures released on Friday were the latest in a string of dismal indicators. Earlier reports had prompted the Bank of Canada...

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US trade deficit points to growth

8 February 2013 Last updated at 09:58 ETThe US’s trade gap with the rest of the world fell to its lowest level in nearly three years in December.Figures show the trade deficit shrank to $ 38.5bn.Record petroleum exports helped to push total exports to $ 186.4bn, up $ 3.9bn from November. Imports fell $ 6.2bn to $ 224.9bn as less overseas crude oil was bought.The data suggests that the US economy was...

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