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On leave-taking, Carney came to praise Canadian system and offer some advice

OTTAWA - Bank of Canada governor Mark Carney is leaving Canada with some parting advice — seize the country's natural advantages. The central banker said Tuesday in his last scheduled public appearance before departing for the Bank of England next month that Canada can coast and wait out the decade-long damage-repair process in the rest of the G7 economies, or build on its strengths for the emerging new global economy.

Column: Transforming your 401(k) into steady income

By Mark Miller CHICAGO (Reuters) - A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401(k) plans are including investment choices that can help savers convert nest eggs into retirement income. Participants can buy insurance annuities or other products designed to spread funds over a lifetime.

Croatia Airlines cabin crew end eight-day strike

Croatia Airlines cabin crew on Tuesday ended their eight-day strike after agreeing to new contracts, including salary cuts, in a move to re-establish the loss-making airline's flight schedule. "Flights scheduled on Wednesday will be operated according to regular timetable," Croatia Airlines said on its website. Union leader Ivana Lojo said cabin crew employees had accepted nine percent salary cuts, less than that initially sought by management, state-run HINA news agency reported.

Scotland's economy 'robust enough for independence'

Scotland can afford to go it alone as an independent country, its first minister Alex Salmond insisted on Tuesday as his administration claimed the British government was holding back economic development north of the border. Launching a paper outlining Scotland's economic strengths ahead of a referendum next year, Salmond argued that independence would unlock its potential as it could decide its own investment priorities.

Israeli army denies vehicle destroyed by Syrian fire

The head of Israel's armed forces warned Syrian President Bashar al-Assad on Tuesday of "consequences" if fire continues from Syrian territory against Israeli troops in the occupied Golan Heights. "If he disturbs the Golan Heights, he will have to bear the consequences," Lieutenant General Benny Gantz said in an address at Haifa University and broadcast on Israeli television. "We cannot and shall not allow the Golan Heights to become a comfort zone for Assad," he said.

BlackBerry shifting emphasis from smartphones to services

By Euan Rocha TORONTO (Reuters) - BlackBerry no longer owns the fast-paced, innovative smartphone world but the company, whose email-on-your-hip devices once revolutionized the industry, now aims to run it. The change in focus was hard to miss at the company's well-attended annual conference in Florida last week, even as news of a new smartphone model and its plans to offer the popular BlackBerry Messaging (BBM) instant message service on other platforms grabbed the headlines.

Exclusive: Intel CEO shakes up units, creates "new devices" group - source

By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has reorganized key business groups and created a "new devices" unit, according to a source who has seen an internal email, shaking up the world's top chipmaker days after formally assuming control.

Petrol bombs thrown in central Milan watch robbery

MILAN (Reuters) - Six people armed with clubs robbed a luxury watch shop in central Milan on Tuesday, throwing petrol bombs in the street as they made off with their loot, Italian police said. Two employees at the shop selling Franck Muller Swiss watches were wounded in the robbery which took place in broad daylight in Via della Spiga, one of the city's most renowned and chic shopping streets. The robbers smashed the windows of the store to steal watches and jewels, and then lobbed four petrol bombs as they escaped.

IRS acted alone in planted question about targeting Tea Party: Lew

WASHINGTON (Reuters) - Treasury Secretary Jack Lew said on Tuesday that Internal Revenue Service employees acted alone in making public the agency's handling of tax exemptions for Tea Party groups and that he would have advised against it. Details of the IRS targeting of conservative political groups seeking tax-exempt status came in response to a question at the American Bar Association conference in Washington earlier this month.

SAC's Martoma says U.S. impedes defense in fraud case

(Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged long-running conspiracy for which it has only "vague" details. In papers filed on Monday night in U.S. District Court in Manhattan, Martoma said he was seeking more information about federal prosecutors' case against him.
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