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University of Memphis Earthquake Center Receives $2M Grant

The U.S. Geological Survey is awarding a $2 million grant to the Center for Earthquake Research and Information at the University of Memphis. The university said the three-year grant will help the center continue to monitor earthquakes in the central … Continue reading

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Japan Assesses Damage from Earthquake in Olympics Site Region

The damage from an overnight earthquake in a mountainous area of central Japan that hosted the 1998 winter Olympics proved more extensive than initially thought. A daylight assessment Sunday found at least 50 homes destroyed in two villages, and 41 … Continue reading

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South Carolina School’s Post-Game Ritual Prompts Reputational Damage Claim

The parents of three Charleston, S.C. football players have filed a lawsuit claiming characterizations of the team’s controversial post-game watermelon ritual damaged their sons’ reputations. The Post and Courier of Charleston reported that the parents are suing the Charleston County … Continue reading

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Tennessee’s Brentwood Services Promotes Perkins

Cindy Perkins has been promoted to the position of support team supervisor for Brentwood Services Administrators Inc. (BSA)., headquartered in Brentwood, Tenn. In her new position, Perkins is supervising claims administrative staff to ensure workflow of administrative and clerical duties. … Continue reading

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Mortgage Rate Decline Limited by Holiday

Mortgage rates were slightly lower today, but it was in no way indicative of the improvements seen in the mortgage-backed-securities (MBS).  MBS, above anything else, dictate mortgage rate movement, but the relationship isn’t always one to one.  Shortened holiday-related trading … Continue reading

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Billions wiped off energy shares as investors rush for exit

By Lionel Laurent LONDON (Reuters) – A fresh slide in the price of crude wiped tens of billions of dollars off oil companies’ market value on Friday and signalled an end to the sector’s safe-haven status, as fears mounted over … Continue reading

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Exclusive: P&G exploring sale of $7 billion Wella hair care unit

By Anjuli Davies and Freya Berry LONDON (Reuters) – Procter Gamble Co (PG.N) is working with Goldman Sachs (GS.N) to explore the sale of its Wella hair care business that could be worth around $7 billion, sources familiar with the … Continue reading

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U.S. crude down seven percent to May 2010 low on OPEC, new low likely

By Barani Krishnan NEW YORK (Reuters) – U.S. crude fell 7 percent on OPEC’s decision to not cut output, but light trading on Friday after the U.S. Thanksgiving Day holiday meant there could be more losses when markets return to … Continue reading

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Wall Street ends mostly flat, energy names weigh

NEW YORK (Reuters) – U.S. stocks ended a holiday-shortened session mostly flat on Friday as a massive decline in the energy sector offset strength in consumer names. The Dow Jones industrial average (.DJI) rose 2.28 points, or 0.01 percent, to … Continue reading

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Florida CFO Arrests 5 in Alleged Staged Accident Insurance Fraud

Florida Chief Financial Officer Jeff Atwater announced the arrest of five individuals on grand theft and insurance fraud charges for their involvement in an alleged staged accident. Officials said the alleged scam resulted in fraudulent Personal Injury Protection (PIP) billings … Continue reading

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