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Gunmen kidnap Jordan's ambassador to Libya

Masked gunmen kidnapped Jordan's ambassador to Libya as he rode to work in Tripoli on Tuesday, shooting at his car and wounding his driver, officials said. The incident was the latest targeting Libyan leaders and foreign diplomats in the increasingly lawless North African country, three years after NATO-backed rebels ended autocratic leader Moamer Kadhafi's four-decade rule. "The Jordanian ambassador was kidnapped this morning. His convoy was attacked by a group of hooded men on board two civilian cars," Libyan foreign ministry spokesman Said Lassoued told AFP.

Business Highlights

___ Yellen signals more aggressive stance toward banks WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.

Teens who suffer concussion more likely to attempt suicide, be bullied: study

TORONTO - Teenagers who have suffered a traumatic brain injury such as a concussion have a significantly higher risk of attempting suicide, being bullied and seeking help for mental health issues from crisis help lines, a study has found. The study by researchers at St. Michael's Hospital also found adolescents who had a traumatic brain injury (TBI) are more likely to become bullies themselves, to be prescribed medication for anxiety and/or depression, to use alcohol or cannabis, and to engage in antisocial behaviours.

Charles Schwab, MasterCard, PetSmart, Halozyme and Coca-Cola are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Coca-Cola Co., up $1.45 to $40.18 The first global sales volume decline for soda in at least a decade was offset by sales of noncarbonated drinks such as juice. MasterCard Inc., up 97 cents to $72.15 Janney Capital upgraded major credit card companies citing a significant pullback in stock prices and solid business plans. Johnson

Bankrupt Detroit reaches first deal with retirees group

By Karen Pierog (Reuters) - Detroit reached its first deal with a retired workers group on Tuesday over pension and healthcare benefits and was close to a deal with at least one of its pension funds, giving a major boost to the city's plan to exit bankruptcy in October.

Lumenpulse shares close 15 per cent higher after $100M initial public offering

MONTREAL - Shares in Lumenpulse Inc. (TSX:LMP) climbed about 15 per cent in their first trading following the Montreal lighting company's public debut Tuesday on the Toronto Stock Exchange. The company, which designs, manufactures and sells LED lighting solutions, set an IPO price of $16 a share. Lumenpulse shares closed up $2.35 at $18.35 after rising as high as $18.90 earlier in the day. Lumenpulse's public offering included 6.25 million shares, plus up to 937,500 additional shares if the underwriters exercise their over-allotment options in full.

Exclusive: Surgical device maker ConMed Corp explores sale of company - sources

By Soyoung Kim and Olivia Oran (Reuters) - ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday. Utica, New York-based ConMed, which has a market capitalization of just over $1.2 billion, has been under pressure since late last year from activist investors who took issue with the company's performance and corporate governance.

Tobacco on TV tied to adult smoking rates

By Kathryn Doyle NEW YORK (Reuters Health) - Even though smoking appears far less frequently in U.S. television shows than it used to, its portrayal may still be triggering the urge in adult smokers, according to a new study. Researchers reviewed patterns in TV smoking over more than 50 years and found that they tracked with changes in adult tobacco use, suggesting that even established smokers are influenced to light up by seeing it done on the small screen.

Diebold gains some fans on cost cutting plans, ATM upgrades

By David Randall NEW YORK (Reuters) - The expansion of mobile banking may one day spell the end for large bank branches in the U.S., or even curtail the use of cash altogether. In the meantime, though, fund managers are buying Diebold Corp, the automated teller machine maker whose stock has underperformed bigger rival NCR Corp since 2009, on signs it may post better returns than NCR this year.

Democrat Alex Sink bows out of Florida congressional race

By Barbara Liston ORLANDO, Florida (Reuters) - Florida Democrat Alex Sink said on Tuesday she would not run in November for the congressional seat she failed to win last month in a close special election that garnered national attention. Sink, the state's former chief financial officer, confirmed her decision on Twitter and in a statement quoted by media outlets.
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