Top prospect Parker chooses Duke

CHICAGO (AP) — Jabari Parker still had just about everyone guessing. Then, he pulled out that blue T-shirt with a white "D," and, finally, it became clear.The prized prospect from Chicago's Simeon Career Academy, one of the most highly touted recruits in years, is headed to Duke to play for Mike Krzyzewski. Parker made the announcement in front of a national TV audience Thursday, in his high school...

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AP Sources: Jets could trade QBs Sanchez, Tebow

FLORHAM PARK, N.J. (AP) — Mark Sanchez is no longer the face of the New York Jets. He could soon be a former member of the team.And Tim Tebow might even beat him out the door.A person with knowledge of the situation told The Associated Press on Thursday that the Jets will consider all of their options regarding the two quarterbacks during the offseason. That means both Sanchez and Tebow are in limbo...

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Exclusive: U.S. likely to extend Iran sanction waivers-sources

WASHINGTON (Reuters) - The United States is likely to exempt India, South Korea, Turkey and others from Iranian financial sanctions for another six months on Friday as a reward for reducing crude purchases from the Islamic republic, two U.S. government sources said.Oil shipments by Iran have more than halved in 2012 in the face of U.S. and European Union sanctions aimed at cutting Tehran's foreign...

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Rona says looking to sell non-core assets

(Reuters) - Canadian home-improvement retailer Rona Inc , the target of a C$1.8 billion takeover proposal by U.S.-based Lowe's Cos Inc earlier this year, said it expects to dispose of non-core assets and redeploy capital to leverage core assets. The company wants to improve its retail EBITDA (earnings before interest, tax, depreciation and amortization) margin in line with industry...

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Maintenance deals drive Micro Focus earnings beat

LONDON (Reuters) - Information technology company Micro Focus International  posted better-than-expected first-half core earnings after it moved towards more lucrative maintenance contracts, with fewer low-margin consultancy deals.The British mainframe software specialist posted a 3 percent rise in adjusted core earnings of $92.2 million on Thursday, ahead of analysts' average forecasts of about...

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CIBC profit rises on markets-related income

TORONTO (Reuters) - Canadian Imperial Bank of Commerce  reported a 13 percent increase in quarterly earnings, driven by higher income from its wholesale banking and wealth management businesses.CIBC, Canada's fifth-largest bank, said on Thursday that it had earned C$852 million ($858.05 million), or C$2.02 a share, in the fourth quarter ended on October 31, compared with C$757 million, or C$1.79...

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Sudan rules out devaluation despite black market gap

KHARTOUM (Reuters) - Sudan  plans to close the gap between official and black market exchange rates through higher earnings from resources like gold and oil instead of devaluing the pound again, a vice-president said on Wednesday.Sudan has been in economic crisis since South Sudan seceded last year, taking with it three-quarters of the once unified nation's oil output. This had been Sudan's main...

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