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| Two counts tossed in Rajaratnam brother's insider trading trial | |  By Nate Raymond NEW YORK (Reuters) - A U.S. judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case. Rengan Rajaratnam, a former Galleon fund manager, still faces a conspiracy count, after U.S. District Judge Naomi Reice Buchwald at a hearing in Manhattan dismissed other counts related to improper trading in technology company Clearwire Corp. Buchwald said the question was whether Rengan Rajaratnam traded on inside information about Clearwire knowing the tipper breached his duties to keep it secret and in exchange for a personal benefit. Daniel Gitner, Rajaratnam's lawyer, and a spokesman for Manhattan U.S. Attorney Preet Bharara declined comment.
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| Bomb kills 20 in Nigeria market, girls' abduction suspect held | | | By Lanre Ola MAIDUGURI Nigeria (Reuters) - A bomb in a van carrying charcoal exploded in a busy market in northeast Nigeria on Tuesday, killing at least 20 people in the latest suspected attack by Islamist militants, witnesses said. The blast from the vehicle bomb wrecked cars and taxis that were unloading passengers and wares on a road adjoining the market in the Borno state capital of Maiduguri. The military said earlier on Tuesday that it had arrested a number of suspected Boko Haram collaborators including a Maiduguri businessman it said was involved in the abduction of the schoolgirls. Boko Haram has also struck at Abuja, the capital of Africa's biggest economy, with three bombings in three months. |
| Vincent handed life ban after fixing confession | |  The England and Wales Cricket Board (ECB) announced a life ban on disgraced former New Zealand cricketer Lou Vincent on Tuesday, just hours after the player admitted he was a "cheat" and had shamed his country and the sport by fixing matches. The ECB said 35-year-old Vincent had pleaded guilty to 18 breaches of the board's anti-corruption regulations in three matches in England and had accepted the ban which barred him from playing or coaching in any form of recognised cricket. "This has been a complex case which has crossed different cricketing jurisdictions and required close collaboration and intelligence-sharing between both our own anti-corruption unit, other domestic boards and the ICC's ACSU (anti-corruption and security unit," ECB chief executive David Collier said in a statement. Vincent, representing Auckland Aces, also tried to "corrupt" two matches in the 2012 edition of the Champions League Twenty20 tournament, its organisers said on Tuesday.
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| SAT dismisses Reliance Industries' appeal for settlement with SEBI | |  The Securities Appellate Tribunal (SAT) on Monday dismissed an appeal by Reliance Industries Ltd seeking an opportunity to settle a case with the Securities and Exchange Board of India (SEBI) involving suspected illegal trading by the energy conglomerate in one of its subsidiaries. In its appeal to the tribunal, Reliance had argued SEBI had not given it an opportunity to request the settlement of the case under a process called consent proceedings. Under consent proceedings, parties involved in disputes with SEBI can settle them without admission of guilt. SAT, in dismissing Reliance's appeal on Monday, ruled that revised consent proceedings rules SEBI introduced last year, which were retrospectively applied, do not allow a case rejected from consent proceedings to be appealed.
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| Israel mourns teenagers, strikes Hamas in Gaza | |  By Ori Lewis MODI'IN Israel (Reuters) - Tens of thousands of mourners joined in an outpouring of national grief on Tuesday at the burial of three Israeli teenagers whose kidnapping and killing Israel blamed on the Palestinian Islamist group Hamas. In his eulogy at the cemetery in the centre of the country, President Shimon Peres, a usually dovish elder statesman, echoed official vows to punish Hamas. Israel will act with a heavy hand until terror is uprooted," he said at the ceremony in Modi'in, a town between Jerusalem and Tel Aviv. Israel bombed dozens of sites in the Gaza Strip on Tuesday, wounding two Palestinians, as it struck at Hamas a day after finding the bodies of the three youths in the occupied West Bank, not far from where they went missing while hitchhiking on June 12.
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| Monica Lewinsky revisits 'humiliation' of Clinton affair in interview | |  Monica Lewinsky, the one-time White House intern whose affair with Bill Clinton in the 1990s nearly brought down his presidency, said she ended up feeling like "the most humiliated woman in the world." In her first television interview in a decade, Lewinsky, who became a constant punch line for late-night comedians, is part of a National Geographic documentary, "The '90s: The Last Great Decade?" that airs on Sunday. In the National Geographic interview, she recalled the day in 1998 when special prosecutor Kenneth Starr issued a report on the scandal, including vivid details about her affair with Clinton, has one of the worst in her life. "I mean it was just violation after violation." Lewinsky largely dropped from sight after the scandal died out but her name resurfaced in U.S. political discourse in February, when former first lady and Democratic presidential front-runner Hillary Clinton was quoted as calling her "a narcissistic looney-tune" in an article based on the papers of a Clinton friend.
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| Soccer referee dies after assault by player in suburban Detroit | | | A soccer referee who was punched in the head by a player during a weekend game in a Detroit suburb has died, police said on Tuesday. John Bieniewicz, 44, was about to eject a player from a recreational game at a park in Livonia, Michigan, on Sunday when he was hit and critically injured, police said. Bieniewicz, who was a resident of Westland, a suburb next to Livonia, died Tuesday morning at Detroit Medical Center, Livonia police said. Bassel Abdul-Amir Saad, 36, was charged on Monday with assault with intent to do great bodily harm by Wayne County prosecutors. |
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