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Feb 28, 2014

Argentina’s poor at risk as inflation weakens safety net

BUENOS AIRES, Feb 28 (Reuters) – At a soup kitchen in a
Buenos Aires slum, Alejandro Monzon hung his head as he stood in
line and recounted how his fortunes have unraveled over the last
year.

Food prices have soared, the 29-year-old maintenance worker
complained, squeezing his meager monthly budget and leaving him
reliant on charity to keep his wife and six children fed.

Feb 19, 2014

Argentina asks U.S. Supreme Court to hear bonds case

WASHINGTON/BUENOS AIRES (Reuters) – Argentina filed an appeal to the U.S. Supreme Court on Tuesday seeking to reverse lower court decisions ordering the country to pay $1.33 billion to hedge fund creditors in a case Argentine officials warn could force it to default on its sovereign debt.

The appeal followed a November 18 decision by the 2nd U.S. Circuit Court of Appeals in New York denying Argentina’s petition for a rehearing in a decade-long legal battle with bondholders who refused to accept the country’s two debt-restructuring offers after the country defaulted on $100 billion in 2002.

Dec 16, 2013

Miami soccer fan cleared of charges after Cristiano Ronaldo hug

MIAMI (Reuters) – A prosecutor on Monday dropped charges against a 20-year-old college student who jumped out of the stands, ran onto the field and hugged Real Madrid soccer star Cristiano Ronaldo during an exhibition match in Miami in August.

The Portugal striker personally intervened in the case of Ronald Gjoka, a Canadian who faced charges of disorderly conduct and trespassing after the incident in the second half of the International Champions Cup match between Real and Chelsea.

Nov 16, 2013

Beckham lines up long shot – founding a Miami football team

MIAMI (Reuters) – From his tattoos to his finely chiselled physique and Armani underwear ads, football icon David Beckham oozes Miami-style sex appeal.

Blending charisma with a smart business plan, Beckham intends to launch his own professional football team in Miami, a multicultural market that has defied major league owners twice before. But Beckham is known for making long shots.

Nov 15, 2013

Beckham lines up long shot: founding a Miami soccer team

MIAMI (Reuters) – From his tattoos to his finely chiseled physique and Armani underwear ads, soccer icon David Beckham oozes Miami-style sex appeal.

Blending charisma with a smart business plan, Beckham intends to launch his own professional soccer team in Miami, a multicultural market that has defied major league owners twice before. But Beckham is known for making long shots.

Nov 13, 2013

David Beckham back in Miami eyeing a Major League Soccer team

MIAMI, Nov 13 (Reuters) – Retired English soccer star David Beckham toured potential stadium sites in Miami on Wednesday, signaling he is forging ahead with his interest in owning a new Major League franchise in the United States.

It was the second time in five months that Beckham, a former star with Manchester United, Real Madrid and the MLS club L.A. Galaxy, has visited Miami.

Nov 8, 2013

Family of victim in Navy Yard shooting sues U.S. for negligence

MIAMI (Reuters) – The family of a victim in the shooting at the Washington Navy Yard accused two federal government agencies of negligence on Friday in a wrongful death claim seeking $37.5 million in damages.

Mary Delorenzo Knight, a 51-year-old computer scientist, was among 12 people killed in the September shooting spree when a gunman with security clearance entered the military installation and opened fire on civilian workers.

Oct 29, 2013

David Beckham picks Miami for new U.S. Major League Soccer team -source

MIAMI (Reuters) – Retired England soccer star David Beckham has chosen Miami for a new U.S. Major League Soccer expansion team, a source familiar with the negotiations said on Tuesday.

The former England captain, who retired from soccer earlier this year, played in MLS with the L.A. Galaxy and his contract included an option to create a new team for $25 million.

Oct 12, 2013

Death of Miami Beach teenager rekindles debate over Taser safety

MIAMI (Reuters) – When police spotted Israel Hernandez Llach spray painting a shut-down McDonald’s in August, the Miami teenager decided to make a run for it.

Moments later the unarmed, 18-year-old graffiti artist was dead. He had been struck in the chest by a police stun gun.

Oct 3, 2013

Deloitte settles lawsuit alleging it missed fraud at mortgage lender

MIAMI (Reuters) – Deloitte & Touche LLP has settled lawsuits alleging its audits failed to detect fraud at one of the biggest private mortgage companies to collapse during the U.S. housing crash.

A trustee overseeing the bankruptcy of Taylor Bean & Whitaker Mortgage Corp sued Deloitte in September 2011 claiming the accounting firm’s audits contributed to some $7.6 billion in losses at the now-defunct mortgage lender.