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Bullish Anadarko options bets soar on settlement news

By Angela Moon NEW YORK (Reuters) - Investors who loaded up on bullish options bets in Anadarko Petroleum earlier in the week made some hefty potential profits on Thursday when the global energy company announced a settlement that would end years of litigation over health problems across the United States.

Talks between Alberta and AUPE hit the ditch again over money issues

EDMONTON - Talks between Alberta and its largest public sector union have hit the ditch again over money. The province has offered more money in a lump sum to the Alberta Union of Provincial Employees, but the union says it wants pay increases to be built into a new contract. AUPE president Guy Smith says the province is still demanding wage freezes in the first two years of a four-year contract, despite the lump-sum payments.

Legal 'pre-nups' plan for England

Legally-binding pre-marriage agreements setting out the terms of a potential future divorce were recommended to the British government by their law reform advisors on Thursday. The Law Commission, which reviews English law and proposes changes, made the recommendation in its report entitled Matrimonial Property Needs and Agreements. Their draft bill would bring legally-recognised "qualifying nuptial agreements" into effect.

FA-50 sales to Philippines make headway, deal possible as early as March: source

SEOUL, Feb. 21 (Yonhap) -- Negotiations for the sale of FA-50 light fighter aircraft to the Philippines have made headway, raising possibility for a formal deal as early as next month, a local source said Friday. The source at the Korea Aerospace Industries (KAI), who declined to be identified, said a negotiating team has been dispatched to Manila to work out details related to the export deal, which could be worth US$422 million.

BlackBerry to divest majority of its Canadian real estate

By Euan Rocha TORONTO (Reuters) - BlackBerry Ltd said on Tuesday it intends to divest the majority of its real estate holdings in Canada, as it seeks to bolster its balance sheet and turn around its fortunes. In partnership with commercial real estate services company CBRE, BlackBerry said it intends to strategically divest the majority of its real estate assets via a combination of sale-leaseback and vacant asset sales.

Mexican airport claims victory in legal battle over leasing rights

Mexico City, Jan 18 (EFE).- The Mexico City International Airport, or AICM, said it has won a legal battle with real-estate company Fumisa over the right to lease commercial spaces in the international terminal. It said in a statement that Judge Francisco Lira Carrion ruled that Fumisa's 20-year lease contract expired on Dec. 31, 2013.

Disagreement over which law most applicable in Duffy-Wright deal

OTTAWA - The RCMP allege that Nigel Wright and Mike Duffy committed fraud, bribery and breach of trust, as defined by three sections of the Criminal Code of Canada. However, some parliamentary law experts believe criminal charges might not stick and that an easier route to convictions would be to lay charges under the Parliament of Canada Act. Neither Wright nor Duffy have been charged with any offence. Sec. 16 of the act reads:

Vale suspends force majeure on iron ore shipments

Brazilian mining giant Vale said Monday it had suspended with immediate effect force majeure on iron ore shipments contracts. The world's main producer had declared force majeure -- limiting its liabilities owing to circumstances beyond its control -- on December 27 after bad weather in Brazil's southeast disrupted operations and shipments. In a statement, Vale said it had limited the impact on shipments to 2.5 million metric tons (Mt) after an original estimate of between three and four metric tonnes.

Insight: To flee Ohio oil boom, Amish cash out by selling royalties

By Ernest Scheyder ST CLAIRSVILLE, Ohio (Reuters) - Farmers in the close-knit Amish community who eschew electricity and most technology, are among landowners capitalizing on a new financial trend in the United States energy boom - selling decades of future oil and natural gas royalties for an immediate pile of cash.

1st LD-Writethru-China Focus: China postpones income tax collection for annuities

BEIJING, Dec. 6 (Xinhua) -- Chinese workers will be allowed to pay income tax for their annuities based on the actual amounts they receive after retirement starting in early 2014, an official statement said Friday. The move, jointly announced Friday by the Ministry of Finance, the Ministry of Human Resources and Social Security, and the State Administration of Taxation, aims to "promote the development of the country's multi-tiered pension system."
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