Friday, February 8, 2013

seenewstoday.com : Top News updates

Venezuela sharply devalues its currency
FILE - In this Oct. 24, 2007 file photo, a woman looks at oversized versions of the new Venezuelan currency, coined the 'Strong Bolivar' in Caracas, Venezuela. Venezuela's government announced Friday, Feb. 8, 2013, that it is devaluing the country's currency, a long-anticipated change expected to push up prices in the heavily import-reliant economy. Officials said the fixed exchange rate is changing from 4.30 bolivars to the dollar to 6.30 bolivars to the dollar. Venezuela&#0   39;s government has had strict currency exchange controls since 2003 and maintains a fixed, government-set exchange rate. (AP Photo/Howard Yanes, File)CARACAS, Venezuela (AP) -- Venezuela's government announced Friday that it is devaluing the country's currency, a long-anticipated change expected t o push up prices in the heavily import-reliant economy.


Einhorn case against Apple rests on unusual legal tactic
Einhorn, president of Greenlight Capital, speaks during the Sohn Investment Conference in New YorkNEW YORK (Reuters) – Hedge fund star David Einhorn wants to force Apple Inc to share some of its huge cash reserves with investors, but his lawsuit rests on a U.S. securities rule that has little legal precedent. Einhorn's Greenlight Capital sued the iPad and iPhone maker in U.S. District Court in Manhattan on Thursday to try to prevent Apple from eliminating preferred stock from its charter. The suit is part of Einhorn's bid to pressure Apple to use some of its $137 billion in cash to issue perpetual preferred shares that pay dividends to existing shareholders. …


Ex-Argo Jackson retires a Lion and becomes team's new quarterbacks coach
SURREY, B.C. – When the 2012 CFL season ended, Jarious Jackson looked forward to helping the Toronto Argos win another Grey Cup.


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