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Chile regulator charges Anglo American mine over environmental violations

SANTIAGO (Reuters) – Chile’s environmental regulator has filed three charges against miner Anglo American’s local unit over alleged violations at its El Soldado copper mine in the Valparaiso region. The Superintendency of the Environment (SMA) labeled the charges as “serious,” the second of three levels of offenses, and said Anglo American Sur, the local arm …

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California law, refinery exit reflect ongoing fuel market challenges, EIA says

By Nicole Jao NEW YORK (Reuters) – Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak, the U.S. Energy Information Administration (EIA) said on Monday. WHY IT IS IMPORTANT California, the most populous U.S. state, consistently faces some of the nation’s highest average gasoline prices, …

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Activist investor group pushes Macy’s to consider options for Bloomingdale’s

(Reuters) – Barington Capital and Thor Equities urged Macy’s to create a real estate unit and consider options for its Bloomingdale’s and Bluemercury chains after building a position, the activist investor group said on Monday without disclosing their stake. The group said Macy’s board lacks the “knowledge, vision and desire” to extract the maximum value …

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VW, unions hold ‘constructive’ talks, but no solution in sight

By Victoria Waldersee and Christina Amann WOLFSBURG, Germany (Reuters) -Volkswagen and its unions were far from finding common ground on tackling a crisis at its German plants but held talks on Monday that both sides described as constructive, as record numbers of the carmaker’s workers went on strike across the country. “After today’s round it …

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Oracle misses quarterly results estimates on stiff cloud competition

(Reuters) -Oracle missed Wall Street expectations for second-quarter revenue and adjusted profit on Monday, hit by stiff competition and softer-than expected spending on its database and cloud services as enterprise clients slash budgets amid an uncertain economy. Shares of the company were down over 7% in extended trading. Despite seeing healthy growth in its cloud …

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With Syria’s Assad gone, his PM agrees to hand power to rebel administration

By Maya Gebeily and Timour Azhari DAMASCUS (Reuters) -Ousted Syrian President Bashar al-Assad’s prime minister said he had agreed on Monday to hand power to the rebel-led Salvation Government, a day after the rebels seized the capital Damascus and Assad fled to Russia. The imminent transfer of power follows 13 years of civil war and …

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In Assad’s once loyal hometown, Syria’s rebels win statement of support

By Timour Azhari DAMASCUS (Reuters) – The Sunni-led Islamist rebels who toppled Syria’s Bashar al-Assad met elders in the former president’s Alawite hometown on Monday and received their support, in what residents said was an encouraging sign of tolerance from the country’s new rulers.  How the rebels treat the sizeable Alawite population, who widely backed …

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Despairing Syrians search notorious Sednaya prison for missing relatives

By Maya Gebeily SEDNAYA, Syria (Reuters) – As families desperately scoured the filthy cells of Syria’s forbidding Sednaya prison on Monday for any sign of long-detained relatives after its gates were flung open by rebels, hope for finding missing loved ones began to fade. Thousands of prisoners spilled out of president Bashar al-Assad’s pitiless detention …

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