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SAN FRANCISCO (Reuters) - Two co-founders of Silicon Valley chip maker Marvell are suing Goldman Sachs, saying the bank unnecessarily forced them to sell shares in their company during the financial crisis.
Chairman and CEO Weili Dai and General Manager of Communications and Consumer Business Sehat Sutardja said in a lawsuit filed in California state court that Goldman made them sell some of their shares, which they had used as collateral, at a loss in 2008 in order to benefit the bank's own holdings.
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BUCKHANNON, W.Va. (AP) - Trapped deep below ground by poisonous gases, the Sago miners realized at least four of their air packs did not work, and they were forced to share the devices as they desperately pounded away with a sledgehammer in hopes of getting rescuers' attention, the sole survivor says.
Finally, resigned to their fate, the men recited a "sinner's prayer," scrawled farewell notes to their loved ones, and succumbed, some as if drifting off to sleep.
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MEDINAH, Ill. Geoff Ogilvy is the reigning U.S. Open champion. Yet, he knows the spotlight will be on his playing partners when the PGA Championship tees off.
That's what happens when you're grouped with Tiger Woods and Phil Mickelson.
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For years I had a shameful secret. It made me feel like a fraud as a travel writer. There have been uncomfortable occasions when I have been forced to share it with my travel writing colleagues, which results in raised eyebrows and the inevitable, stunned "you have never WHAT?
You see, mine is a sin of omission. OK, here it is. Until recently, I had never been to New York City. I know! I know! I'm red- faced.
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Abrupt changes in neighborhood schools have alienated parents and created tensions between schools forced to share space and compete for students and resources.
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NEW YORK - In Facebook's vision of the Web, you would no longer be alone and anonymous. Sites would reflect your tastes and interests - as you expressed them on the social network - and you wouldn't have to fish around for news and songs that interest you.
Standing in the way is growing concern about privacy from Facebook users - most recently complaints that the site forced them to share personal details with the rest of the online world or have them removed from Facebook profiles altogether.
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Officials are predicting a spare budget for next year as they try to deal with a more than $1 million increase in the town's share of the school district's costs. "Until the school funding shift is done, it's going to be very tight," said Town Manager Barry Tibbetts, referring to changes in the state funding formula that will be phased in over the next three years.
Kennebunk shares the costs of running School Administrative District 71 with neighboring Kennebunkport. A change in state law shifted the emphasis of school funding to enrollment. That has transferred the bulk of the cost to Kennebunk, where 79 percent of the district's 2,400 students live.
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KIEV, Ukraine, Dec. 8, 2011 / PRNewswire/ -- According to the study "Ferroalloy Industry of Ukraine: Current State, Problems and Prospect" (http:// corporativ.info/en/?/analytics/3723/) prepared by the experts of the Center of Corporate Relations Research (CCRR), Ukraine faces a situation threatening the existence of domestic ferro-alloy industry. The research reveals that during the first eight months of 2011, import of ferro-alloys in Ukraine increased by 120% against the same period of 2010. In comparison with 2010 the share of Ukrainian market of ferro-alloys accounted for imported products, grew more than twice, from 25% to 52% of the market volume. font>Serhiy Hryshchenko, former Ukrainian Deputy Minister of Industrial Policy (1997-2000, 2005, 2007-20...
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NEW YORK, Jan. 18, 2011 /PRNewswire/ -- While the majority of publicly traded retailers were able to capture share in 2010 from smaller competitors or those that were forced to declare bankruptcy, and also increase profit margins, retail analysts at S&P Equity Research see 2011 as another good year and are projecting that consumer spending will rise 3% this year.
The most important driver of retail sales is the trend in the labor market, and we think the employment situation will continue to stabilize with some slight improvement," said Marie Driscoll, Group Head of the Consumer Discretionary Retail analysts at S&P Equity Research. "We think this will be a slight positive for retail sales this year, although we admit that various aspects of the labor market are still extremely poor.
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Nick Cain scored all 10 of his points in the fourth quarter, lifting host Xenia to a surprising 72-66 win over Fairborn in Greater Western Ohio Conference South Division boys basketball Friday.
The loss forced the Sky-hawks to share the South title with Springboro, a 50-44 winner over Lebanon.