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Oil ebbs from multi-year highs on surge in U.S. drilling, Iran sanctions opposition

SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.

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French police question parents, friend of Paris attacker

Investigators are following the trail of a 20-year-old Frenchman born in Chechnya who rampaged through a festive Paris neighborhood slashing passers-by with a knife, raising anew the specter of terrorism in France after less than two months of calm. Using a knife, the man identified as Khamzat Azimov killed one person and wounded four others in a festive area near Paris’ old opera house. Less than 24 hours later, investigators were questioning three people — his parents and a friend. …read more […]

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Xerox says it is ending Fujifilm deal, settles with Icahn, Deason

Xerox Corp said on Sunday it was ending a planned $6.1 billion (£4.5 billion) deal with Fujifilm Holdings Corp and had reached a settlement with activist investors Carl Icahn and Darwin Deason. The company said Chief Executive Officer Jeff Jacobson had resigned and that John Visentin was expected to be the new CEO. Xerox also replaced five directors as part of a board reshuffle. …read more […]