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Marathon victim sues Glenn Beck for defamation PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 01 April 2014 08:15

BOSTON (AP) — A Saudi Arabian man injured in the Boston Marathon bombings has filed a defamation lawsuit against Glenn Beck, accusing the conservative commentator of saying on the air that the plaintiff was "the money man" behind the attack.

In the federal lawsuit filed Friday in Boston, Abdulrahman Alharbi says his reputation was "substantially and severely damaged" as a result of Beck's statements tying him to the bombings.

The 20-year-old Alharbi, who attends college in the Boston area, says in his lawsuit that he was injured in the bombings and was questioned by authorities who searched his apartment before determining he had no connection to the attack.

His lawsuit seeks a jury trial and unspecified damages.

Beck's agent didn't immediately respond to a phone call Tuesday seeking comment on the lawsuit.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Exxon: Highly unlikely world limits fossil fuels PDF  | Print |  E-mail
Written by JONATHAN FAHEY, AP Energy Writer   
Tuesday, 01 April 2014 06:10

NEW YORK (AP) — On the same day the world's scientists issued their latest report on climate change and the risks it poses to society, the nation's biggest oil and gas company said the world's climate policies are "highly unlikely" to stop it from selling fossil fuels far into the future.

Exxon Mobil issued a report Monday on the risks that climate change policies could pose to the value of its assets and future profitability, by coincidence on the same day as the latest paper by the Intergovernmental Panel on Climate Change, a Nobel Prize-winning United Nations group assembled to assess the science and risks of climate change.

Both Exxon and its critics used IPCC research to bolster their cases.

Exxon's report was in response to the contentions of some shareholders and environmental activists that the assets underpinning the value of Exxon and other fossil fuel companies will be worth less as society restricts consumption of fossil fuels to fight climate change.

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Dayton firms get large defense contracts PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 01 April 2014 08:10

DAYTON, Ohio (AP) — The U.S. Department of Defense says it has awarded multimillion contracts to two Dayton-area companies.

A Dayton research firm has landed a $45 million contract from the Air Force to develop stealth technologies. Another Dayton company has gotten a $24 million logistics contract from the Marine Corps to manage equipment.

The Dayton Daily News (http://bit.ly/1fjO5FQ ) reports that Matrix Research Inc. has the Air Force contract until 2020. It was awarded by The Air Force Research Laboratory at Wright-Patterson Air Force Base near Dayton, the state's largest military installation.

The Marine Corps contract with Lion-Vallen Industries will have the company providing logistics service for one year. The Defense Department said the work will take place at Marine Corps bases in Arizona, California, North and South Carolina, Hawaii and Japan.

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Information from: Dayton Daily News, http://www.daytondailynews.com


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Facebook CEO reaps $3.3 billion gain from stock options PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 01 April 2014 06:07

SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard University dorm room.

The windfall saddled Zuckerberg with a huge tax bill, even though he limited his Facebook salary to just $1, according to regulatory documents filed Monday.

It marks the second straight year that Zuckerberg has realized a huge gain on the holding that he has accumulated in Facebook Inc. since he started the company in 2004. In 2012, Zuckerberg made $2.3 billion off his stock options.

Zuckerberg, 29, now has exhausted his supply of stock options after exercising 60 million of them last year a price of 6 cents per share. He then sold 41.35 million shares for $55.05 apiece in December, primarily to pay for his tax bill on the gains.

Zuckerberg and his wife, Priscilla Chan, also donated 18 million Facebook shares to a Silicon Valley nonprofit. The December gift, then valued at nearly $1 billion, landed the couple at the top of The Chronicle of Philanthropy's annual list of the most generous Americans.

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