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Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.
NAYPYITAW, Myanmar (Reuters) - A further lifting of U.S. sanctions on Myanmar, which could come during a visit by officials to Washington this week, would be crucial to opening its long-isolated economy, a senior Myanmar government official said. Foreign Minister Wunna Maung Lwin meets U.S. officials on Thursday, stoking expectation the United States might announce a further lifting or suspension of sanctions, including investment restrictions, on the country that is also known as Burma. It is the first official visit by a Myanmar minister to the United States in decades. ...
DETROIT (Reuters) - General Motors Co, the largest U.S. automaker, will begin selling its first rear-wheel-drive performance sedan under the Chevrolet brand in the United States in 17 years, it said Thursday. The Chevrolet SS will be equipped with a V8 engine and built as a 2014 model. It will arrive in showrooms in late 2013. The production car will also double as GM's NASCAR race car and will debut in the 2013 Daytona 500 next year. The NASCAR version and the one to be sold in showrooms look so much alike that GM plans to camouflage the NASCAR model while testing, spokesman Monte Doran said. ...
British football star David Beckam arrives at the Olympic Flame handover ceremony at the Athens' all marble Panathenian stadium.
President Barack Obama is declaring a "new chapter" in U.S. relations with Myanmar, the former pariah state also known as Burma.
The U.S. Navy amphibious assault ship USS Essex arrived to cheers in San Diego Bay on Thursday, 24 hours after it collided with a refueling tanker in the Pacific when the warship's steering apparently failed.