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Current Editor's Choice Stories
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Rig Owner May Be Spared Billions in Gulf Oil Spill (Newsday)
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Transocean, the owner of the Deepwater Horizon oil rig, won't have to pay compensatory damages related to the Gulf oil spill, according to a federal judge.
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Farmers Plant Wheat for Prospect of High Insurance Payouts for Failed Crops (Wall St. Journal)
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Farmers who bought insurance can collect $8.62 a bushel in the southern Great Plains, so farmers are winning even if their crops fail.
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Study: 7 Percent of People Carry HPV in Mouths (LA Times)
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Infection with human papillomavirus heightens the risk of developing cancer of the mouth and throat. The findings indicate that most cases of oral HPV can be traced to oral sex, rather than to kissing or casual contact.
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Conoco Says It's Reached a Deal for China Spill (Associated Press)
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ConocoPhillipa reached a $160 million deal with China National Offshore Oil Corp. to settle compensation claims form oil spills off northeastern China.
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Cruise Lines Use Law and Contracts to Limit Liability (New York Times)
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The wreck of the Costa Concordia has attracted those habitual companions of disaster: lawyers.
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Strongest Solar Storm Since 2005 Hitting Earth (Yahoo! News)
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The sun is bombarding Earth with radiation from the biggest solar storm in more than six years with more to come from the fast-moving eruption.
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Obama Rejects Pipeline from Canada to Texas (USA Today)
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Although the issue may be far from over, President Obama rejected the Keystone XL pipeline.
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BP May Double Oil Spill Pay-Out (Financial Times)
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BP may agree to pay up to $25 billion to settle all charges, including possible criminal charges, with the U.S. government over the devastating Gulf of Mexico spill, according to an analyst at Morgan Stanley, double the figure the company has set aside.
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Safety Probe Clears Chevy Volt (Wall St. Journal)
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In the wake of battery fires, GM will voluntarily repair existing and new vehicles.
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Swiss Re Names Michel Lies CEO (Bloomberg Businessweek)
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Swiss Re Ltd. the world¿s second-largest reinsurer, promoted Michel Lies to succeed Stefan Lippe as chief executive officer from next month.
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Zappos Hacked, Data for 24 Million Customers Exposed (CNN Money)
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The massive security breach at the popular internet shoe store compromised customer names, email addresses, phone numbers and the last four digits of their credit cards.
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Russian Spacecraft Crashes to Earth (USA Today)
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The $170 million craft was one of the heaviest and most toxic pieces of space junk ever to crash to Earth.
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Manson Insurance Officials Ordered to Pay $5.2 Million After Fraud Convictions (Wausau Daily Herald)
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Former Manson CEO David Scholfield and former company Treasurer Susan Brockman were also sentenced to six months in prison in December.
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Novartis Recalls Excedrin, Gas-X and Other Popular Brands (Bloomberg Businessweek)
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With stray tablets from other products appearing in the over-the-counter medicines, along with broken tablets, Novartis conducted a voluntary recall that could cost the company as much as $750 million.
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Aon: Global Economies Face $435 Billion Natural Disaster Legacy from 2011 (PR Newswire)
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With 253 seperate natural disaster events generating $435 billion in damage, 2011 was one of the worst years on record.
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