JPMorgan to slash 19,000 jobs by end-2014

NEW YORK: US banking giant JPMorgan Chase plans to axe up to 19,000 jobs by the end of 2014 as it seeks to rein in costs, the company said Tuesday in an investor presentation.JPMorgan Chase intends the majority of the cuts -- between 13,000 to 15,000 -- in the mortgage banking division, where the company spent $9.1 billion in 2012.Another 3,000 to 4,000 jobs will be eliminated in the non-mortgage...

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Could your child be a bully?

Boys and girls use physical violence to exert their power, researchers say. STORY HIGHLIGHTSA sociologist describes bullying in schools as "social combat"Students are fighting to improve their social status through violence or rumorsBullies are often bullied themselves as they fight to the top, experts sayEditor's note: Don't miss the premiere of "The Bully Effect" on "AC360" at 10 p.m. ET Thursday,...

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At least 19 tourists die in hot air balloon crash in Egypt

Updated 4:30 a.m. EST LUXOR, Egypt A hot air balloon flying over Egypt's ancient city of Luxor caught fire and crashed into a sugar cane field on Tuesday, killing at least 18 foreign tourists, a security official said. It was one of the worst accidents involving tourists in Egypt and is likely to push the key tourism industry deeper into recession. The casualties included French, British, Japanese...

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Americans Targeted for Allegedly Running Underage Prostitution in Philippines

Arthur Benjamin is sitting at the edge of a small stage, wearing a lavender Hawaiian shirt and nursing a bottle of San Miguel Light beer. The 6-foot-6 mustachioed Texan lazily watches the half dozen or so girls dancing rather unenergetically around the stage's pole."I forgot your gift again, it's in the car," Benjamin says to one of the girls on stage, shouting above the pop music...

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Vatican 'Gay lobby'? Probably not

STORY HIGHLIGHTSBenedict XVI not stepping down under pressure from 'gay lobby,' Allen saysAllen: Benedict is a man who prefers the life of the mind to the nuts and bolts of government However, he says, much of the pope's time has been spent putting out firesEditor's note: John L. Allen Jr. is CNN's senior Vatican analyst and senior correspondent for the National Catholic Reporter.(CNN) -- Suffice...

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UN rights chief, nations condemn Security Council on Syria

GENEVA: The UN human rights chief and several nations criticised the Security Council Monday for failing to take action to halt spiralling violence in Syria and bring to justice perpetrators of abuses in the conflict."The Security Council has so far failed with regard to Syria," Navi Pillay told ministers at the start of a regular UN Human Rights Council session in Geneva.Pillay said her...

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MC Hammer arrested by 'chubby elvis'

By Elwyn Lopez and Phil Gast, CNNupdated 1:27 AM EST, Sun February 24, 2013MC HammerStephen BaldwinFlavor FlavFiona AppleShaun WhiteAmanda BynesLindsay LohanCharlie SheenMel GibsonNicole RichieRandy TravisEminemRussell BrandJay-ZMatthew McConaughey50 CentRobert Downey Jr.Lil WayneKiefer SutherlandNick CarterChase CrawfordJane FondaMacaulay Culkin <<<1234567891011121314151617181920212223>>>STORY...

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Michelle Obama makes surprise Oscars appearance

First lady Michelle Obama, on a video screen, announces the winner for best picture along with actor Jack Nicholson at the 85th annual Academy Awards on Feb. 24, 2013, in Hollywood, Calif. / Getty First lady Michelle Obama made a surprise appearance at the Oscars, opening the envelope that contained the name of the best-picture winner, "Argo." 51 PhotosOscars 2013: Show highlightsAppearing...

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Oscars 2013: 'Argo' Wins Best Picture

"Argo" took home the top prize as best picture at the Oscars Sunday night, with first lady Michelle Obama announcing the winner from the White House."You directed a hell of a film," co-producer Grant Heslov told director and fellow producer Ben Affleck. "I couldn't be more proud of the film and more proud of our director."Affleck was snubbed in the directing category but humbly...

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Vatican 'Gay lobby'? Probably not

STORY HIGHLIGHTSBenedict XVI not stepping down under pressure from 'gay lobby,' Allen saysAllen: Benedict is a man who prefers the life of the mind to the nuts and bolts of government However, he says, much of the pope's time has been spent putting out firesEditor's note: John L. Allen Jr. is CNN's senior Vatican analyst and senior correspondent for the National Catholic Reporter.(CNN) -- Suffice...

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