India’s Infosys denies report of firing 5,000 staff

(Reuters) – India‘s Infosys Ltd said on Friday a newspaper report it was planning to fire up to 5,000 poorly performing workers was “wrong”, although it encourages “chronic underperformers” to leave as part of its routine staff management.The Economic Times newspaper had earlier said Bangalore-based Infosys, India’s second-largest software services exporter and an icon in the country’s $ 100 billion...

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Grantham University Named Top University for Veterans

KANSAS CITY, MO–(Marketwire – Jan 4, 2013) – For the third year in a row, Grantham University, an online university dedicated to providing educational opportunities to working adults, has been named a top university for veterans by Military Times EDGE.In the midst of a competitive field of 650 higher learning institutions, Grantham University ranked among the top twenty online educational institutions...

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Global shares, oil slip on Fed stimulus nerves

LONDON (Reuters) - World shares edged lower and the dollar rose before U.S. jobs data on Friday which investors will watch even more closely than usual after Fed officials raised concerns about possible side effects of its stimulus program. Minutes from the Federal Reserve's December policy meeting unsettled financial markets on Thursday after they showed some policymakers were worried...

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Louisville upsets Florida 33-23 in Sugar Bowl

NEW ORLEANS (AP) — Terell Floyd and the Louisville Cardinals gave the embattled Big East Conference at least one more triumphant night in a major bowl — and at the expense of a top team from the mighty SEC.Floyd returned an interception 38 yards for a touchdown on the first play, dual-threat quarterback Teddy Bridgewater directed a handful of scoring drives and No. 22 Louisville stunned the fourth-ranked...

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How Donald Trump hijacks U.S. media

STORY HIGHLIGHTSHoward Kurtz: Donald Trump said the GOP can go nuclear in budget showdownKurtz: It's remarkable that Trump draw attention no what what he saysHe says it's so easy to hijack the media in the age of Twitter Kurtz: Journalists like sexy stories but shouldn't lose focus of what's importantEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau...

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Jay-Z composing original score for “The Great Gatsby”

LOS ANGELES (TheWrap.com) – If you liked the music in the trailer for Baz Luhrmann‘s “The Great Gatsby,” you’ll be happy to hear Jay-Z isn’t just lending a few of his songs to the soundtrack, he’s composing the upcoming film’s entire original score.The rapper is, apparently, hard at work to accomplish the task with another artist, who goes by the name The Bullitts.The latter broke the news on Twitter...

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DoubleLine launches stock management division

NEW YORK (Reuters) – DoubleLine Capital LP, the $ 53 billion firm run by star bond investor Jeffrey Gundlach, said on Wednesday it is now managing stock portfolios in a new division called DoubleLine Equity LP.The firm, which surpassed $ 50 billion in bond assets last year after launching in 2009, said in a news release that it has tapped former TCW Group Inc portfolio managers Brendt Stallings and...

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Auto loan rates for Jan. 3, 2013

4.16% (60-month, new car)4.87% (36-month, used car)Auto loan rates are down slightly this week.Average rates for 60-month and 48-month new-car loans fell 1 basis point to 4.16 percent and 4.08 percent, respectively. A basis point is one-hundredth of 1 percentage point.For used cars, the average rate on a 36-month loan fell 2 basis points to 4.87 percent.This week, Avis announced plans to buy Zipcar,...

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Asia stocks eke out gains on China hopes, oil eases

HONG KONG (Reuters) - Most Asian stock markets edged higher on Thursday on hopes of a steady economic revival in China, although oil gave back part of the previous session's strong gains as investors took some money off the table and braced for more U.S. budget battles. The MSCI Asia Pacific ex-Japan index of stocks <.miapj0000pus> rose 0.2 percent following Wednesday's 2 percent...

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Stanford holds off Wisconsin 20-14 in Rose Bowl

PASADENA, Calif. (AP) — Andrew Luck, Toby Gerhart and coach Jim Harbaugh started Stanford's improbable football renaissance, yet they never stood in the center of the Rose Bowl with the West Coast's most coveted trophy raised above their heads.In fact, the last Stanford team to do what the Cardinal did Tuesday night had a defense known as the Thunderchickens.Forty years after Stanford's last Rose...

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