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Board approves News Corp split into two entities

Fri, 24 May 2013 16:56:04 -0400

WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...

China to allow US auditors access to records of Chinese firms

Fri, 24 May 2013 16:37:07 -0400

BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...

Croatia looking to oil exploration in Adriatic Sea to revive economy

Fri, 24 May 2013 16:42:23 -0400

ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...

Amazon ventures into fan fiction promotion

Fri, 24 May 2013 16:39:36 -0400

WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...

China central bank report promises financial sector reforms

Fri, 24 May 2013 16:37:38 -0400

BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...

Royalty Pharma takeover bid fails to find Elan ecceptance

Thu, 23 May 2013 17:52:46 -0400

DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

UK urged by IMF to bring forward high value spending

Wed, 22 May 2013 15:53:31 -0400

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

Private firms may travel to lunar surface NASA report

Fri, 24 May 2013 12:00:01 -0400

A study of future human missions has indicated corporate researchers could be living on the moon by the time NASA astronauts head off to visit an asteroid in the 2020s. The study by Bigelow Aerospace, commissioned by NASA, shows "a lot of excitement and interest from various companies" for such ventures, Daily Mail quoted Robert Bigelow, founder and president of the Las Vegas-based firm, as ...

Homeland Security bulletin warns 3-D printed gun plans may be impossible to access

Fri, 24 May 2013 07:50:02 -0400

The menace of 3-D printed guns has already spread far and it will be 'impossible' to stop the manufacturing of more guns, an intelligence bulletin has revealed. The Department of Homeland Security has warned that the use and passage of 3-D printed guns are likely to spread beyond regulations and checkpoint restrictions, posing 'public safety risks' to an uncontrollable extent, Fox News reports. ...

CSK CEO Meiyappans conviction by Mumbai Police will be Indian crickets darkest day Kirti Azad

Fri, 24 May 2013 07:00:03 -0400

Former Test cricketer and now BJP Member of Parliament Kirti Azad on Friday said the conviction of Chennai Super Kings CEO Gurunath Meiyappan by Mumbai Police would be darkest day for Indian cricket. Speaking to ANI, Azad said it has to be a new low in Indian cricket that the son-in-law of BCCI president N Srinivasan is involved in betting. Azad, who was speaking after the crime branch of ...

Content Man City says will not swap players with Man U

Fri, 24 May 2013 06:30:04 -0400

Manchester City CEO Ferran Sorriano has said that the club will not exchange their squad with rivals Manchester United, even if given a chance to do so. City wants to improve its current state despite acknowledging that previous manager Roberto Mancini's managerial abilities had served the team very well, the Mirror reports. Sorriano said that the players were skilled enough to retain their ...

Gujarat Chief Minister Modi launches Ahmedabad edition of The Hindu Business Line

Fri, 24 May 2013 06:30:02 -0400

Gujarat Chief Minister Narendra Modi launched the 17th edition of Business Line, the financial daily of The Hindu Group at a glittering function held here on Friday. Observing the evolution of established media from print to electronic to social, Modi described it as a "healthy trend' reflecting popular aspirations. Acknowledging that social media has empowered people like never before, the ...

Man City CEO expects Pelligrini to deliver five trophies in five years

Fri, 24 May 2013 06:00:02 -0400

Manchester City chief executive Ferran Sorriano has said the club expects new manager Manuel Pelligrini to help the team win a trophy each year, including the Union of European Football Association (UEFA) Cup, following the sacking of previous coach Roberto Mancini. The embarrassing defeat at the hands of Wigan Athletic in the FA Cup final and poor management skills, saw Mancini lose his job. ...

China clears Boeing 787s for commercial service

Fri, 24 May 2013 03:50:02 -0400

Beijing, May 24 (Xinhua-ANI): The Civil Aviation Administration of China (CAAC) issued a certification for the Boeing 787 Dreamliner Thursday, a milestone for the 787 to begin commercial service in China. The CAAC presented Boeing with a Validation of Type Certification (VTC), indicating that the design of the 787 Dreamliner is compliant with China's aviation regulations and that China endorses ...

Kashmir sericulturists reap profits by shifting to bivoltine for better yield

Fri, 24 May 2013 03:50:01 -0400

In an effort to revamp the silk industry and reap good profits, the Department of Sericulture in Jammu and Kashmir has shifted to bivoltine sericulture technology. Kashmir silk industry was once holding a significant position in the world due to its superior quality and lustre, but gradually, the industry witnessed a sharp decline. With the recent initiatives undertaken by the sericulture ...

Top 10 newly discovered species revealed

Fri, 24 May 2013 01:50:02 -0400

A global committee of taxonomists - scientists responsible for species exploration and classification - has announced a list of top 10 new species discovered in 2012. An amazing glow-in-the-dark cockroach, a harp-shaped carnivorous sponge and the smallest vertebrate on Earth are just three of the newly discovered top 10 species selected by the International Institute for Species Exploration at ...

New Russian spacecraft reusable for up to five flights

Thu, 23 May 2013 19:00:01 -0400

Russia's new reusable spacecraft being developed by the Energia Rocket and Space Corporation will be able to make up to five space flights, the rocket maker said. The spacecraft's technical design has been finalised but is yet to be officially approved, Energia deputy general designer Alexander Chernyavsky said. The new reusable craft is to replace the Soyuz carrier rocket and is expected to ...

Condom handout at Russian WWII monument slammed

Fri, 24 May 2013 11:10:02 -0400

A prominent Russian lawmaker Friday called for public condemnation of a recent handout of condoms by AIDS activists at an monument in honour of soldiers who died in World War II. "The most serious reaction to such things is not the introduction of new administrative bans, but a sharp condemnation by society," said Olga Batalina, head of the Russian parliament's committee on family issues. "This ...

British Open squash Pallikal goes down fighting to World No.2

Fri, 24 May 2013 09:50:01 -0400

India's Dipika Pallikal fought hard before losing to local hope Laura Massaro in the pre-quarterfinals of the Allam British Open Squash Championships here. Fifteenth-ranked Pallikal squandered a great start to go down 11-7, 10-12, 9-11, 6-11 against the World No.2 amid cold and wet conditions surrounding the glass court at the KC Stadium here Thursday night. Her loss ended India's challenge in ...

European golf tour head apologises for using coloured term while referring to Woods-Garcia spat

Fri, 24 May 2013 06:30:02 -0400

The head of the European golf tour has offered an apology for using the word 'coloured' during a live television interview in which he was referring to the spat between World No.1 Tiger Woods and Spanish golfer Sergio Garcia. European Tour CEO George O'Grady had said that 'most of Sergio's friends are colored athletes in the United States', the New York Post reports. According to the report, ...

Virtuous people not happy all around the world

Fri, 24 May 2013 05:40:02 -0400

Virtuous people are believed to have happier lives, but a new research has revealed that it depends on where you come from. In countries where antisocial punishment is common and where people commonly justify dishonest behavior, virtuous individuals (measured, for example, by how comfortable people are avoiding a fare on public transport or cheating on their taxes) are not as satisfied with life ...

Russia to spend $8 billion on 2018 World Cup

Fri, 24 May 2013 05:30:02 -0400

Russia is expected to spend no more than $8 billion to fund the 2018 football World Cup, a steep fall from the previously estimated $16.6 billion, Deputy Prime Minister Igor Shuvalov said. "All parameters that could have been cut have been cut. The last figure that (Sports Minister Vitaly) Mutko ... came to me with was 250 billion rubles ($7.94 billion)," Xinhua quoted Shuvalov as saying. The ...

Seven Cubans to participate in World Judo Masters

Fri, 24 May 2013 04:30:02 -0400

Five female and two male Cuban judokas will participate in the 2013 World Judo Masters tournament, to be held in Russia's Tuymen city. The team is led by Idalis Ortiz, 2012 Olympic champion in the over 78 kg category, as well as London 2012 silver medallists Yanet Bermoy (52 kg category) and Asley Gonzalez (90 kg), reports Xinhua. Ortiz is ranked world No.1 in her class, while Gonzales is ...

EU regulators seek tax transparency from companies

Fri, 24 May 2013 02:40:01 -0400

The European Commission said Thursday that it is working on a proposal to require corporate giants with operations in the European Union to publicly report profits, taxes paid and subsidies received on a country-by-country basis. Representatives of the 27 member-states agreed to seek ways to prevent multinationals from avoiding their obligations by channeling profits through subsidiaries in ...

Former England skipper Illingworth says Fiery Fred Trueman better than Anderson

Thu, 23 May 2013 23:50:01 -0400

Former England captain Ray Illingworth has said that although bowling star James Anderson is the best swing bowler in the world now, but his former teammate and Yorkshire legend Fred Trueman was far better. Illingworth's statement comes on the backdrop of the second Test against New Zealand starting at Headingley, where Lancashire cricketer Anderson, on 305 wickets, is expected to cruise past ...

Greater attention needed for safe childbirths UN urges on inaugural Day to end obstetric fistula

Thu, 23 May 2013 20:15:34 -0400

23 May 2013 150 The prevalence of obstetric fistula - a preventable and treatable condition linked to women's reproduction - among women and girls in developing countries is a denial of their human rights, senior United Nations officials today said urging global action to make childbirth safer. "The persistence of fistula is a result of human rights denied and a reflection of human rights ...

Video Rob Ford speaks I do not use crack cocaine

Fri, 24 May 2013 19:04:12 -0400

After remaining tight-lipped for a week as controversy swelled, Toronto Mayor Rob Ford has denied all allegations that he uses crack cocaine. Ford says he has been judged by the media "with no ...

Big earthquakes create global-scale GPS errors

Fri, 24 May 2013 18:59:33 -0400

Deformation from earthquakes bigger than magnitude 8.0 since 2000. The blue squares are GPS reference sites, and the red arrows are deformation from big ...

Business paid to close for Miami Gardens City Hall construction

Fri, 24 May 2013 18:59:16 -0400

Miami Gardens’ new city hall is expected to be completed sometime later this year, and with construction under way, the city ran into a minor hiccup in the building of a road near the construction site.Local business Tires On The Go uses Northwest 185th Terrace as an access point — that’s a road the city is reconstructing.According to Miami Gardens City Manager Danny Crew, the ...

London 2012 Paralympic star Dias smashes world record ahead of World Championships

Fri, 24 May 2013 18:56:40 -0400

The World Class Swimming Programme, one of the five aquatic disciplines, within British Swimming is seeking a successful leader to strategically manage the Sports Science and Sports Medicine (SSSM) ...

Are we ready for a mobile-first world

Fri, 24 May 2013 18:53:14 -0400

announced new capabilities in its network software to make video streams run more smoothly over mobile networks. Among other things, the enhancements can reduce video stalling by 90 percent, according to the company. But even Sandro Tavares, head of marketing for NSN's Mobile Core business, sees "mobile-first" viewing habits as part of the future. "Now that the networks are ...

Internet of Things - the next step to a smarter world

Fri, 24 May 2013 18:52:42 -0400

/enpproperty--> While the Internet has transformed the world, getting people connected and opening the gates to a flood of information, the inevitable question now is: What's next? Such a query creates another: What more do you want the Internet to do for you? With technology having helped link people closer together, the obvious progress would now appear to be bringing ...

Microsoft Compliant YouTube Windows Phone 8 app coming meanwhile take the dreadful old version back

Fri, 24 May 2013 18:51:22 -0400

sent by Google little over a week ago, today, Microsoft reaches out to me and announces a new update for its homebrew YouTube Windows Phone 8 app. You might want to contain that burning desire to hit the "Update" button though. "Microsoft and YouTube are working together to update the new YouTube for Windows Phone app to enable compliance with YouTube's API terms of service, ...

Royal Dutch Shell Officials Bayelsa Community Disagree Over Cause Of Oil Spills In Taylor Creek

Fri, 24 May 2013 18:48:36 -0400

By SaharaReporters, New York Community members of Betterland, Ikarama and Kalaba communities in Bayelsa State have reported massive discharge of crude oil into Taylor Creek in Yenagoa local government area of Bayelsa. The residents of the area said the spills have been happening over the past week. Saharareporters sources disclosed that crude oil discharged from Well 2 operated by Shell ...

Ted Cruz versus the world

Fri, 24 May 2013 18:47:44 -0400

The GOP family feud has pit McCain against Lee, the establishment against the Tea Party, and Sen. Ted Cruz against, well, everyone. Chris Matthews talks Republican infighting with Chris Cillizza and Michael ...

Take A Secret Look Inside The Cocoon As A Caterpillar Transforms To A Butterfly

Fri, 24 May 2013 18:36:34 -0400

0 The transformation of a lowly caterpillar into a graceful butterfly is the kind of shocking fact of nature that's used to get children excited about science, so visible is the transformation, so tangible are the lessons. But what's actually going on inside the cocoon? Typically, scientists have had to dissect them to find out, killing the organism inside as a result, a casualty of ...

Are We Ready for a Mobile-first World

Fri, 24 May 2013 18:36:24 -0400

Honduran gangs plan to sign a truce to cut violence in one of worlds most dangerous countries

Fri, 24 May 2013 18:35:46 -0400

TEGUCIGALPA, Honduras - A Roman Catholic bishop says Honduras' two largest and most-violent gangs will sign a truce on Tuesday. Monsignor Romulo Emiliani says the gangs will apologize to the public and ask for dialogue with the government and police to start changing from their gang lifestyle. Emiliani spoke to The Associated Press on Friday. He said the Mara Salvatrucha and 18th Street ...

Northwestern Diving Coach Florida States Young Tabbed for World University Games

Fri, 24 May 2013 18:25:25 -0400

Northwestern head diving coach Alik Sarkisian has been named the head coach and team leader for USA Diving at the 2013 World University Games July 6-17 in Kazan, ...

PRI’s The World 05242013

Fri, 24 May 2013 17:55:38 -0400

How suicide bombings in Niger fit into the global fight against terrorism. Also, how Burmese students in New York feel about Myanmar’s president visiting the US this week. Plus, fans of Japanese anime bring color and quirkiness to ...

Global Fight Against Terrorism No Longer a ‘Boundless War’ Obama Says

Fri, 24 May 2013 17:55:36 -0400

President Obama says the global fight against terrorism is no longer a ';boundless war,'; but a more precise conflict that will eventually come to an end. Anchor Marco Werman discusses what that means in the real world with Jessica Stern, an expert in American policy on ...

Worlds largest Lego model unveiled in NY

Fri, 24 May 2013 17:55:18 -0400

THE world's largest Lego model, a replica of a Star Wars spacecraft, has been unveiled in New York's Times Square. It took 32 builders 17,000 hours and five million Lego bricks to build the one-to-one-scale replica of a Star Wars X-Wing starfighter, which was three metres tall and 13 metres long. The model, which weighs more than 20,000 kilograms, was built in a Lego Model Shop in the ...

TD faring better than other Canadian banks in sluggish economy

Fri, 24 May 2013 17:55:03 -0400

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most. With additional commentary and coverage from Thomson-Reuters Breaking Views and The Financial Times, ROB Insight is a one-stop shop for time-pressed and global-minded Canadian business ...

Boeing suppliers work around that Skagit bridge collapse

Fri, 24 May 2013 17:53:17 -0400

Janicki Industries President John Janicki says his company isn't seeing many problems caused by the Skagit bridge collapse. Boeing and aerospace suppliers are coping with the sudden failure of transportation on Interstate 5 due to the Skagit bridge collapse, by instituting work-arounds and managing delays of several hours. Currently we are using alternate routes, going through some of the ...

L.A. Blue Jeans Makers Fear Their Business Will Fade Away

Fri, 24 May 2013 17:50:33 -0400

Samuel Ku, who runs AG Jeans alongside his father, says a European tariff puts thousands of U.S. clothing jobs at risk. Los Angeles is the world leader in the most American of clothing items: blue jeans. High-end, hand-stitched, designer blue jeans that will you run well over $100 a pair. But as the U.S. apparel industry continues to shrink, L.A.'s blue jeans business faces a ...

Housing Market Recovers Though Economy Lags Behind

Fri, 24 May 2013 17:50:31 -0400

Robert Siegel talks with Adam Davidson from Planet Money team about this week's cluster of positive data on the health of the U.S. housing market. Davidson says the strength of the housing sector is now irrefutable, even though a broader economic recovery is still years ...

Young entrepreneurs learning real-world skills with startup FoodStory

Fri, 24 May 2013 17:47:35 -0400

Digital Media Zone . They were essentially taking a crash course in building a tech startup, but they'd been having trouble developing a business concept. Originally, they'd toyed with the idea of growing food on Toronto's rooftops, but they scrapped their plans when they realized it would be difficult to get rooftop space and to grow the food themselves. Inspiration finally ...

Downeast Beer Industry Brews Double-digit Growth

Fri, 24 May 2013 17:47:20 -0400

Based on the overall growth of Maine breweries last year, even people who don't enjoy the flavor of beer might wish they were in the Maine beer business. According to data recently obtained from the Maine Department of Public Safety's Liquor Licensing and Inspection Unit, output by Maine breweries in 2012 increased by more than 20 percent for the third year in a row. Over a ...

Study World War II Veterans With Bad Experiences Attended Church More

Fri, 24 May 2013 17:43:19 -0400

A soon-to-be published study on World War II veterans found that those who had bad experiences of combat were more likely to pray and then attend church after the ...

Wal-Mart to sell Fatburger patties

Fri, 24 May 2013 17:38:46 -0400

NEW YORK (AP) -- Fatburger, a chain with a devoted following on the West Coast, said Friday it will sell its branded frozen beef patties in Walmart stores nationwide.The Beverly Hills, Calif.-based chain said the beef patties are in select stores now and will roll out nationally over the next several weeks.Fatburger, which was founded in 1952, has about 150 locations globally; half of those are ...

Thousands Expected at Marches Against Monsanto Around World

Fri, 24 May 2013 17:38:04 -0400

WASHINGTON, May 24 (RIA Novosti) – From a town called Moscow in the state of Idaho to the shadow of the Kremlin in the better known Moscow, protests are scheduled around the world Saturday against biotechnology giant Monsanto, which the demonstrators say is turning a blind eye to the potentially deadly effects of genetically modified foods produced from seeds it sells globally. ...

Toronto mayor Rob Ford clings on as crack video scandal grows

Fri, 24 May 2013 17:34:20 -0400

Toronto's mayor denied accusations of drug use, breaking a week-long silence over a raging media storm surrounding a video that allegedly shows him partaking of ...

Dogs And Babies Sleeping Are What The World Needs Now

Fri, 24 May 2013 17:28:46 -0400

58 seconds ago ( 5:00 PM) No, no, no. Dogs are predators. Small humans are prey animals. Posting pictures that imply that it is cute and loving to leave babies and small children unattended with dogs is highly irresponsible. Please consider posting something educational on the subject. As a parent and a veterinarian, this horrifies ...

Fitch Affs 4 Revises Outlook on 1 Class of World Omni Automobile Lease Securitization Trust 2012-A

Fri, 24 May 2013 17:27:35 -0400

Macao Banks' Rapid China Growth Alters Risk Profiles Macao banks could see their risk profiles weaken as their exposure to China continues to climb.Fitch Ratingsexpects credit growth to accelerate to 30% in 2013 from 26% in 2012, primarily led by China-related trade financing. Generally Chinese exposures are driven by parent referrals and associated risk is adequately mitigated with ...

Frances luxury industry tourism hurt by Paris street crime

Fri, 24 May 2013 17:27:19 -0400

The streets of Paris are getting a reputation of being unsafe for tourists and is threatening the great brand names of French fashion. A leading association that counts Chanel and Dior as members urged the authorities to take action on the climate of insecurity which it said could keep cash-flush tourists away. Several recent incidents have tarnished the image of Paris - the world's most ...

Goa welcomes one of the world’s biggest cruise liners

Fri, 24 May 2013 17:27:17 -0400

MARMUGAO, Goa, India - One of the world's biggest cruise liner the Royal Caribbean International 's "Mariner of the Seas", arrived at Mormugao Port, Goa from Dubai on 24th May, 2013 and was greeted by the Deputy Chief Minister of Goa, Mr Francisco D'Souza . A traditional reception with Goan music and dance was organized by the Goa Tourism, Government of Goa to welcome ...

Guyana to crack down on female trafficking in rural mining camps

Fri, 24 May 2013 17:26:25 -0400

GEORGETOWN, Guyana - Guyana is establishing a task force to help eradicate trafficking of underage girls in mining camps in the South American country's interior. National Security Minister Clement Rohee said Friday that the government has identified 14 locations that it will target in upcoming weeks. The announcement comes after opposition leaders demanded an official probe into ...

Tiger Global invests $50 million in Automattics WordPress.com

Fri, 24 May 2013 17:23:42 -0400

By Sarah McBrideSAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress.com, announced a $50 million (33 million pounds) investment from hedge fund Tiger Global on Friday.The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command. ...

Algeria under pressure over energy industry

Fri, 24 May 2013 17:19:22 -0400

Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African ...

Collaboration key to Bollywoods global appeal – Irrfan

Fri, 24 May 2013 17:15:01 -0400

Irrfan is no stranger to Hollywood. The Indian actor, who uses only his first name, has been part of critically acclaimed films such as "Life of Pi", "The Namesake" and "A Mighty Heart". The 40-something actor is doing his bit to help Indian films reach more audiences worldwide. Irrfan says he's goading local movie producers to collaborate, find new markets and swap ...

Putting Slurplus Food to Good Use

Fri, 24 May 2013 16:48:27 -0400

With world headlines warning of increasing drought and a hunger crisis and almost 15 percent of U.S. households struggling to put food on the table, a religious group in the shadow of the nation's capital is quietly putting surplus food on empty tables. Every Monday, about 150 people line up in the parking lot of Christian Life Center in Prince George’s County, Maryland. Joan ...

D.W. Wilsons Ballistics is man’s book about a man’s world

Fri, 24 May 2013 16:46:10 -0400

, "have the strange power to remind us that our past is real." It would not be much of a leap to imagine this line issuing from the mouth of Archer Cole, one of the pivotal characters in expatriate author D.W. Wilson's debut novel. Archer is a deserter from the U.S. army who winds up in the eastern B.C. area of Invermere during the height of the Vietnam War, where his presence has ...

Mayor Rob Ford again denies drug use in first comments this week

Fri, 24 May 2013 16:46:02 -0400

Toronto Mayor Rob Ford reads a statement denying drugs use allegations at his office at Toronto City Hall, Toronto May 24 2013. (Fernando Morales/The Globe and ...

Oil finishes week down 2 percent on concerns about global demand Feds next move

Fri, 24 May 2013 16:44:41 -0400

NEW YORK - The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a weekly decline of $1.87 a barrel for the benchmark oil contract. The global economic ...

IMF chief named key witness in French payoff case

Fri, 24 May 2013 16:44:28 -0400

International Monetary Fund chief Christine Lagarde arrives for a second day of the court hearing at a special court house, in Paris, Friday, May 24, 2013. Lagarde faced questioning at a special Paris court Friday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister. (AP Photo/Thibault ...

Barrick fined $16 million over gold-mining project in Chile

Fri, 24 May 2013 16:40:16 -0400

Friday, May 24, 2013 | 1:30 p.m. VALLENAR, Chile -- Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental permit as well as a failure by the company to accurately describe what it had done wrong. After a ...

Microsoft Cleared of Xbox Patent Violation

Fri, 24 May 2013 16:38:14 -0400

Motorola Mobility, which is owned by Google, had asked the US International Trade Commission in 2010 to halt the import of the device due to the alleged patent violation. The case was part of a broader patent war between the companies. Microsoft claims that phones running Google's Android software violate its patents, while Google says ...

Why Googles Display Ad Business Drew FTC Antitrust Probe

Fri, 24 May 2013 16:36:45 -0400

probe of its display-ad business . This comes as little surprise to anyone who has been watching the search advertising giant's quiet but steady rise in the past few years in the business of placing banner and video ads on websites. But it's also no sure thing that this probe will go any further than the last one. According to ...

Xbox One uncertainty earnings drag down GameStop

Fri, 24 May 2013 16:25:19 -0400

Xbox 360 games won't work with the Xbox One Neither of those factors are pleasing investors, who had sent shares soaring more than 100 percent over the past 12 months through last Friday. GameStop's shares tumbled 11 percent Friday to $32.10, putting the week's drop at 19 percent. Particularly worrisome is what GameStop's business will look like if it becomes more ...

Prenda shell ordered to pay $9425 in attorney’s fees

Fri, 24 May 2013 16:15:17 -0400

View all… AF Holdings is one of several shell companies linked to Prenda Law, which threatened thousands of Internet users with lawsuits over downloading pornography. Now Prenda's on the ropes and the key lawyers behind it have been hit with a ...

Glow-in-Dark Roach Worlds Smallest Frog Among Top New Species

Fri, 24 May 2013 15:37:51 -0400

A cockroach that glows in the dark, a black fungus that's ruining prehistoric cave art and a frog smaller than a child's fingernail. These are three in a top-ten list of newly discovered species for 2012. An international committee of taxonomists announced their annual picks this ...

Kohls compensation package for former Starbucks exec nearly $10M

Fri, 24 May 2013 15:35:52 -0400

Kohl's enticed former Starbucks exec Michelle Gass with a compensation package totaling nearly $10 million. Talk about sweetening the pot. New Kohls Corp. chief customer officer Michelle Gass, lured away from Starbucks Corp. this month, will receive a compensation package of nearly $10 million. Gass annualized base salary is $927,200, according to documents filed with the U.S. Securities and ...

QA The best global real estate opportunities for investors right now

Fri, 24 May 2013 15:35:42 -0400

For this week's live discussion at Inside the Market, we're joined by Sam Sahn to discuss the best investing opportunities right now in the global real estate sector. Mr. Sahn is a portfolio manager overseeing real estate for Timbercreek Asset Management. The Timbercreek Global Real Estate Fund gained 26.9 per cent in the one year period up to March 31, 2013, excluding the management ...

Are blockbusters bad for the DVD rental business

Fri, 24 May 2013 15:35:20 -0400

The trend of swinging for the fences with huge summer blockbusters, such as the upcoming "Man of Steel," has companies like Redbox concerned, as those types of movies don't rent as well as films with more moderate takes. Blockbusters are great for theatrical, but not so much for rental. Redbox is concerned that the 2013 summer of big franchise films will be bad for business when ...

World President fires army chief after leaked letter

Fri, 24 May 2013 15:34:11 -0400

Uganda's president has made a major change in the army, removing the chief of the armed forces to the interior ministry and replacing him with a generalin charge of land ...

News Corporation Board Approves Split of Company

Fri, 24 May 2013 15:30:47 -0400

The board at News Corporation approved a proposed split into two companies on Friday, and authorized a $500 million stock buyback for investors in the soon-to-be-formed publishing business. It also announced appointments to the board for both of the ...

Fitz The Tantrums On World Cafe

Fri, 24 May 2013 15:30:42 -0400

. Undeniable songs and exciting concerts led the group to festival dates and other high-profile live appearances around the world. The band formed when L.A. studio engineer and musician Michael "Fitz" Fitzpatrick gathered friends such as fellow vocalist Noelle Scaggs to perform songs he'd written following a breakup. The core of the band convened again in 2012 to record the ...

Fenech’s ‘speculative allegations baseless harm ongoing negotiations’ – Finance Minister

Fri, 24 May 2013 15:29:57 -0400

a press conference given earlier today by the Nationalist MP , during which he asked whether the government had wanted Malta to enter into excessive deficit procedure (EDP) in order not to implement "certain costly electoral promises". "Mr Fenech's statements are worrisome on several counts, not least among them being his suggestion that the Maltese government somehow ...

Cables up at Yosemite Half Dome open for business

Fri, 24 May 2013 15:28:09 -0400

A summer rite of passage is underway at Yosemite National Park, where the handrails on Half Dome are in place and hikers began scaling the granite monolith Friday ...

Oil companies bristle over Enbridges sulfide gas limit in Bakken

Fri, 24 May 2013 15:27:52 -0400

By Jeanine Prezioso NEW YORK | Fri May 24, 2013 3:27pm EDT NEW YORK May 24 (Reuters) - Two oil companies that ship crude oil on Enbridge Energy Partners LP's North Dakota pipeline system filed motions with federal energy regulators this week over their concerns about Enbridge's proposal to limit the amount of potentially deadly gas in crude oil shipped on the line. Restrictions ...

JPMorgan Chase CEO Survives Close Vote

Fri, 24 May 2013 15:27:16 -0400

Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board ...

L.A. Job Market Boosted by Entertainment Industry Employment

Fri, 24 May 2013 15:27:16 -0400

The fastest-growing job sector for the city is the entertainment industry, the Los Angeles Times reported Thursday. The number of jobs slipped slightly from March to April, but that reflected seasonal trends, the Times said. From April 2012 to April 2013, the number of jobs in the city rose 2 percent to 3.9 million. "All indicators in the first part of 2013 suggest that ...

Flexible Corporate Strategy The Freedom Pipeline Example

Fri, 24 May 2013 15:25:43 -0400

reported that the proposed oil pipeline from Texas to California is not finding much interest among the Golden State's refiners. Transportation cost on the pipeline would run about $5 per barrel, compared to $12 for shipping crude in rail cars. So how can it possibly make sense to pay the higher ...

China Has Growth But Were Tapping The Brakes On Ford At $15

Fri, 24 May 2013 15:25:41 -0400

Ford Motors have rallied more than 20% in the past three months on the back of solid North American operations, some improvement in Europe and surging sales in China. Ford's Chinese sales have surged 49% through April, and the world's largest auto market now accounts for about a sixth of the automaker's global sales. Sales have been helped by the Focus and the Kuga, both of which ...

Trading firm sues BP Shell and Statoil in oil pricing probe

Fri, 24 May 2013 15:24:39 -0400

Chicago-based Prime International Trading Ltd. is suing BP Plc, Statoil ASA and Royal Dutch Shell based on an investigation by the European Union into alleged oil-price fixing. Reuters is reporting that, following an investigation opened by the European Union, a Chicago commodities trading firm is suing three major oil companies, alleging they worked together to fix oil prices. Prime ...

Manufacturing slump paces Dominican Republic 0.3 1Q growth

Fri, 24 May 2013 15:24:31 -0400

Santo Domingo.- Dominican Republic's economy grew barely 0.3% in the first quarter, much slower than forecast, the Central Bank announced Friday. In its preliminary report the monetary authorities noted that in the first quarter of 2012 the economy grew 3.8%, 4.3% in 2011 and 7.5% in 2010. Key sectors with a strong impact on employment have fallen thus far this year, including retail sales ...

SABMillers business in emerging markets grows but profit declines

Fri, 24 May 2013 15:23:26 -0400

LONDON -- Britain-based brewer SABMiller suffered a drop in annual net profit after exceptional gains the previous year, the firm reported on Thursday but said that underlying performance improved on strong growth in emerging ...

China manufacturing sees 1st fall in 7 months HSBC

Fri, 24 May 2013 15:23:19 -0400

BEIJING -- Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest ...

Finance body chief urges calm after market drops

Fri, 24 May 2013 15:23:07 -0400

TAIPEI -- Chen Yuh-chang, chairman of the Financial Supervisory Commission (FSC), urged investors Thursday to stay calm after the local market took a dive, sending the index below 8,300 points at the end of the trading ...

Offshore Drilling In Virginia Would Threaten Coastal Economy Environment And Naval Operations

Fri, 24 May 2013 15:19:24 -0400

Fleet Composite Squadron 6 conducts boat operations off coast of Naval Station Norfolk, VA. (Credit: U.S. Navy) Yesterday Terry McAuliffe, Virginia's Democratic gubernatorial candidate, ...

France tries to win back business

Fri, 24 May 2013 15:09:15 -0400

THE French government is trying to woo business, amid concerns that it has antagonised the very sector needed to reinvigorate the ...

Holidays or holy-days are a great time to relearn enchantment with the world | Giles Fraser

Fri, 24 May 2013 15:07:46 -0400

Naxos . We are having a few days of half-term father/son bonding and reading Greek myths together. On this island, Dionysus wooed Ariadne away from Theseus, giving her the stars as a wedding crown. Felix has never been this far from home, and so much of the surrounding culture and geography is being experienced as new and extraordinary. Our friend Dimitrios explains to him the Greek alphabet. He ...

Fitch Affirms 2 Classes and Upgrades 3 Classes of Ford Credit Auto Owner Trust 2011-B

Fri, 24 May 2013 15:06:06 -0400

Worlds First 3-D-Printed Bullets Join A Growing DIY Arsenal

Fri, 24 May 2013 15:05:57 -0400

. That gun, dubbed "The Liberator," was first created by Defense Distributed, a firm that fashioned the weapon almost entirely from ABS plastic, using an $8,000 3-D printer. The Liberator got ...

Microsoft Explains the Xbox Ones Cloud-Enhanced Graphics

Fri, 24 May 2013 15:05:39 -0400

IDG News Service - While Microsoft's next-generation Xbox One will have plenty of power on its own, sometimes it might opt for a little help from the ...

What we think we know about what Microsoft isn’t saying about the Xbox One

Fri, 24 May 2013 15:02:25 -0400

For all of the things Microsoft has revealed about the Xbox One this week, the company has evaded and dismissed just as many important questions and concerns about the console. In an effort to clear the air, we've pieced together the best available information on three of these important issues while we wait for Microsoft to offer more ...

Its a mixed shopping bag for three big retailers earnings

Fri, 24 May 2013 14:45:27 -0400

Foot Locker opened 25 new stores during the quarter and closed 39, for a current total of 3,321 stores in 23 countries, plus 45 franchised stores in the Middle East and South Korea. Retailers Foot Locker Inc. and New York and Co. reported better-than-expected first-quarter earnings but Aeropostale Inc. swung to a loss and said it expects a further loss in its second quarter. Athletic footwear and ...

Flexjet sees business take off as economy improves

Fri, 24 May 2013 14:34:16 -0400

A Challenger private jet. Dallas-based Flexjet reported that new business grew 83 percent in the first quarter. Flexjet, the world's second largest fractional jet ownership services provider, said that sales of fractional shares grew 108 percent in the quarter and that new jet card sales grew by 48 percent. The company offers fractional aircraft ownership, jet card and whole aircraft ...

Planemaker Embraer Sees American Closing Out US Regional Jet Cycle

Fri, 24 May 2013 14:25:44 -0400

SAO PAULO -- Embraer SA, the world's third-largest commercial jet maker, expects just one more big regional jet order as a result of its current U.S. sales campaign, Chief Executive Officer Frederico Curado said in an interview, after the Brazilian planemaker clinched three of four major deals since December. "After the American Airlines competition, the game is over for a ...

Demand Grows for Global Ban on Killer Robots

Fri, 24 May 2013 14:25:43 -0400

LONDON -- United Nations’ special rapporteur on executions has joined calls for a moratorium on so-called ‘killer robots’ - automated weapons systems which critics fear may one day operate independently from human commanders. It may sound like something from a sci-fi movie - but campaigners say the threat is real and the robots already exist. A human-sized robot joined ...

Fed Chairman Bernanke on the Economy Jobs Are the Priority

Fri, 24 May 2013 14:24:32 -0400

, Federal Reserve Chairman Ben Bernanke clearly explained what's still wrong with the economy, outlined the Fed's thinking on monetary policy and strongly implied that fiscal policy is still off base. His account and policy recommendations reflect mainstream economic thinking – and, thus, run counter to much of the economic doctrine that's driving Republican budget ...

Video Doug Holyday I think its urgent Rob Ford speak up on drug-use allegations

Fri, 24 May 2013 14:23:11 -0400

Toronto's deputy mayor Doug Holyday spoke to the press Friday morning, saying he thinks Rob Ford needs to address recent allegations that he can be seen smoking crack cocaine in a video yet to be seen by the ...

I-5 bridge collapse hits Skagit County as economy shows more life

Fri, 24 May 2013 14:22:55 -0400

Washington State Employment Security Department chart The collapse of the Interstate 5 bridge over Skagit River comes at a time when Mount Vernon and Skagit Countys stubborn unemployment rate has recently shown signs of real improvement. Skagit Countys unemployment rate for April was 8.3 percent, according to the states Employment Security Department. Thats an improvement from 9.2 percent in ...

Daughter comes forward for World War II medals found in Goodwill store

Fri, 24 May 2013 14:21:59 -0400

It didn't take long for a family member of James Joseph McKenzie to claim his World War II medals.The medals mysteriously turned up in a Goodwill store on Wednesday.This morning, a few hours after the Post-Dispatch published a story on the medals, McKenzie's daughter, Mimi Michelle McKenzie called Goodwill to see if she could take possession of them, said Goodwill President and CEO ...

Saurs banks improve offer to buy business sources

Fri, 24 May 2013 14:20:59 -0400

PARIS | Fri May 24, 2013 2:20pm EDT PARIS (Reuters) - French water and waste treatment company's creditor banks have improved an offer to take over the company, two sources familiar with the matter told Reuters on Friday. Talks to refinance the debt-burdened group could conclude next week, the sources added. "The banks have submitted their improved offer," one of the sources ...

Industry Groups See Montana Lawsuit as Counterproductive

Fri, 24 May 2013 14:20:37 -0400

The Western Energy Alliance (WEA), American Petroleum Institute and Montana Petroleum Association hope to see the dismissal of a second lawsuit filed by environmental groups to halt Montana oil and gas leasing activity. The Wild Earth Guardians, Montana Environmental Information Center and Oil and Gas Accountability Project are again suing the Montana Bureau of Land Management (BLM) to halt oil ...

F.T.C. Said to Have Begun New Inquiry on Google

Fri, 24 May 2013 14:18:56 -0400

WASHINGTON - Google's rivals have again prompted antitrust investigators at the Federal Trade Commission to examine the company's business practices, and staff members have begun a preliminary look at whether Google abuses its market dominance in online display advertising, like the banner ads on Web ...

Lack of fresh water could hit half the world’s population by 2050

Fri, 24 May 2013 14:14:47 -0400

Severe water shortages will affect more than half the world's future population of nine billion people by 2050 if governments fail to collaborate on international efforts to protect and conserve life's most vital ingredient, experts have warned. One of the first indications of a future water crisis will be mass migrations of people away from areas without ...

China opposes EUs probes into solar telecom companies

Fri, 24 May 2013 14:11:30 -0400

Premier Li Keqiang said on Friday that China firmly opposes the European Union's probes into Chinese solar and telecom products, suggesting that once the results of the investigations are released, both sides will be harmed. Li said in a speech delivered at a luncheon with business and financial leaders during his trip to Switzerland that China is keeping a close eye on the EU's trade ...

Combining wheat classes can save companies dough consultant says

Fri, 24 May 2013 14:10:45 -0400

Matthew Weaver /Capital Press Consultant Art Bettge flexes to demonstrate the strength of various varieties of soft white wheat in products as he talks about blending different classes of wheat at a Washington Grain Commission meeting May 22 in ...

Spy on the worlds web searches with a Google Trends screensaver

Fri, 24 May 2013 14:09:42 -0400

Google is all about searching. Well... not "all" about, but it's what the company is known for. Any firm that logs information about how customers are using its services are usually berated, ...

Jeff Gordon may make his Coca-Cola 600 anniversary a winner

Fri, 24 May 2013 14:04:59 -0400

Dannie Walls/Icon SMI/Icon SMI He is no longer Wonder Boy, that derisive nickname the late Dale Earnhardt tagged Jeff Gordon with in 1995 when the fresh-faced Gordon was 23 and seemingly winning every other week on his way to his first Cup championship. Eighteen years later, Gordon now has stripes of gray on the sides of his hair, the paint scheme of a driver in winter, and he's ...

Did Microsoft stretch the truth in tablet ads

Fri, 24 May 2013 14:04:58 -0400

light-hearted TV ads that -- unlike those awful 2008 Jerry Seinfeld spots -- aren't cringeworthy. But in the Windows tablet ads that debuted this week, Microsoft used Siri to badmouth the iPad, and some Apple ...

Federal grant offered to create Houston minority-owned business center

Fri, 24 May 2013 14:04:38 -0400

The U.S. Department of Commerces Minority Business Development Agency is looking to help fund the creation of six new MBDA Business Centers across the country, including in Houston. The U.S. Department of Commerces Minority Business Development Agency is looking to help fund the creation of six new MBDA Business Centers across the country, including in Houston. Through June 22, the agency is ...

Wine may be big business in Italy but balsamic vinegar is the passion

Fri, 24 May 2013 14:04:23 -0400

When Allesandra Medici was born 42 years ago, she was bequeathed the same sort of dowry that had been given to girl children in her family for generations – a set of five barrels holding precious quantities of balsamic vinegar. As she laughingly tells the story, the tradition will die with her – the proprietor of Medici Ermete in the Reggio Emilia province of Italy has two sons ...

Fords supporters ask him to give his side

Fri, 24 May 2013 14:04:15 -0400

Toronto Coun. Doug Ford denies allegations against Rob Ford TORONTO - Mayor Rob Ford's own executive committee has written a letter urging him to address the crack cocaine allegations that have dogged him for a week now. Deputy mayor Doug Holyday said the letter will be released by Friday afternoon and that it says the "business of the city will continue as usual" and asks Ford to ...

Shabangu criticises trade unions for decimating each other

Fri, 24 May 2013 14:01:23 -0400

"We are calling for a peaceful coexistence of unions in the mining industry; let freedom of association prevail," said Mineral Resources Minister Susan Shabangu on Friday. "The NUM [National Union of Mineworkers] is not the enemy of Amcu [Association of Mineworkers and Construction Union], and Amcu is not and should not be the enemy of NUM." Shabangu told the union's ...

Ford to retain 1000 jobs at French plant after deal

Fri, 24 May 2013 13:58:57 -0400

F.N ) will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory ...

US travel industry optimistic for summer

Fri, 24 May 2013 13:56:22 -0400

hotels and campgrounds are commanding higher rates and seeing more customers than a few summers ago, and luxury hotels are selling out. Local businessmen and state officials are optimistic.But for a travel industry still stinging from the Great Recession, the best it can likely hope for is another summer of steady, but slow, recovery. The blockbuster crowds seen in 2007 have become a distant ...

Global development podcast transcript whats at stake at the G8

Fri, 24 May 2013 13:56:21 -0400

Global development podcast. I'm Hugh Muir and we're coming to you from the Guardian in King's Cross, London. We have a live audience, we have an august panel and we have your questions with which to quiz that august panel. Now we're talking about ...

See How Citigroup Wrote a Bill So It Could Get a Bailout

Fri, 24 May 2013 13:55:15 -0400

Citigroup lobbyists drafted a bill to allow more risky dealings by taxpayer-backed banks and--what do you know?--the House financial services committee passed nearly identical ...

Hollywood Sentinel New Issue Features Art Worlds Most Powerful Jeffrey Deitch

Fri, 24 May 2013 13:55:09 -0400

The new issue of The Hollywood Sentinel launched this weekend, featuring Bruce Edwin's exclusive interview with MOCA Director Jeffrey Deitch. MOCA, The Museum of Contemporary Art in Los Angeles, is headed by Mr. Deitch, who is considered by many to be the most powerful person in the world of art today. Known as a tough, yet brilliant dealer, Mr. Deitch helped raise the value of his ...

Astana Economic Forum looks at a world in turmoil

Fri, 24 May 2013 13:54:37 -0400

A special World Anti-Crisis Conference was the centre piece of this year’s Astana Economic Forum. The idea was to provide a platform for addressing what is widely perceived to be a faltering global financial system. Perhaps unsurprisingly, Europe was the focus given recent banking disasters, soaring youth unemployment, and the prevailing sense of economic uncertainty throughout the ...

Veterans How the military helped me in business

Fri, 24 May 2013 13:51:58 -0400

John Holloway, Senior Attorney, Atmos Energy During my time as 1st Lieutenant with the US Army Combat Engineers, I learned to get along with all different types of people. It also taught me that I could accomplish a lot more than I thought I was capable of with hard work and perseverance. I also learned that in some situations you might respectfully disagree with your boss, but its important to ...

Top of the List Commercial construction companies

Fri, 24 May 2013 13:47:05 -0400

Quandel Construction Group Inc. Contract value of 2012 projects: $121 million Project sampling: Mount Carmel Grove City ambulatory facility/medical office, Obetz community center addition The top commercial construction companies in Central Ohio were awarded contracts that combined for more than $1.5 billion in 2012. Big-name entities such as Ohio State University, Honda of America Manufacturing ...

After years of cajoling Japan inks global custody pact

Fri, 24 May 2013 13:40:22 -0400

child custody situations in which parents from the United States are forced to return home without the children that the other parent took to another country without permission or legal authority to do so. That has long been a common situation where Japan is concerned, with many Japanese mothers summarily taking children back to their home country and thereafter resisting all attempts of the ...

Ohio State Global Gateway program measuring worth before pitching Brazil office

Fri, 24 May 2013 13:31:02 -0400

Chris Carey, the director who oversees operations of Ohio State's Global Gateways program, said the university is still tinkering with the three-year-old initiative. Ohio State Universitys global initiative to open embassy-like overseas offices has plans for a third site in Brazil next year. But first, it has to collect enough data on efforts in China and India to convince trustees that the ...

Business goes social to get employees sharing innovating

Fri, 24 May 2013 13:30:02 -0400

Forbes Magazine predicts 2013 will be the year for social business, with organisations integrating social technologies into the way they attract, engage and empower employees. Being "social" is nothing new in the personal or professional realm. Humans are innately social creatures, depending on connections with others for learning and growth as well as overall happiness and wellbeing. ...

From Nixon’s historic opening to the new U.S.-China world order Now what

Fri, 24 May 2013 13:13:12 -0400

John J. Metzler NEW YORK -- Dr. Henry Kissinger called for the United States and China to collaborate on a new global order, and a groundbreaking new report, "U.S.- China Economic Relations in the Next Ten Years," underscored the deepening commercial engagement between the two Pacific powers. Indeed with President Barack Obama meeting his Chinese counterpart Xi Jinping in California in ...

Business owners are relying on a good summer season

Fri, 24 May 2013 13:13:05 -0400

BILOXI, MS (WLOX) - Whether visitors plan to stay, play, shop or relax, South Mississippi business owners just hope the summer attracts a crowd. For Sharkheads this will be the first Memorial Day weekend the souvenir shop is open since 2005. Owner J.J. Pierotich said, "We have invested and leveraged everything we had on this building and we are trying to move forward and to help Biloxi ...

Close allies urge Toronto Mayor Ford to talk about scandal

Fri, 24 May 2013 13:13:00 -0400

Close allies of Toronto Mayor Rob's Ford said Friday they will release a letter that urges the mayor to address an alleged video that shows him smoking crack ...

EU reviews policies looks for ways to help aluminium industry

Fri, 24 May 2013 13:11:32 -0400

By Maytaal Angel and Susan ThomasLONDON (Reuters) - The European Commission expects to complete a review by October of ways to help Europe's struggling aluminium industry, looking at policies such as on import duties and long-term power contracts.About 2 million tonnes of aluminium production have been shut down in Europe since the 2008 financial crisis, while global production has grown by ...

World-first stunt on the cards at Nitro Circus

Fri, 24 May 2013 13:11:30 -0400

FEARLESS BMX rider Matt Whyatt could pull off a world-first stunt when the Nitro Circus Live tour hits Townsville tonight. Whyatt, 21, will use his finely tuned instincts to decide whether he'll add yet another move to his famed "Whyatt Riot" manoeuvre - a backflip and tailwhip combined with a 360 degree spin that he invented."No one else has done my trick yet, but I want to ...

Watchlist financial markets data log in not working

Fri, 24 May 2013 13:10:51 -0400

Due to technical issues, readers are unable to log into our website. Watchlist and most financial markets data are not functioning properly either.Our IT team is working to fix the problem. We will provide updates as soon as they become ...

Business Capital markets regulator reigns in on rogue firms

Fri, 24 May 2013 13:09:30 -0400

CMA ) cracks whip on errant investment banks, stockbrokers, fund managers and listed firms as the regulator moves to instill discipline in the operations of the local securities ...

Business Water Ministry receives Sh13 billion grant

Fri, 24 May 2013 13:09:29 -0400

NAIROBI, KENYA: The Water Ministry has received a boost in the fight against drought and water shortage in the country after US Government gave it a Sh13 billion grant. ...

Chile blocks worlds highest mine project

Fri, 24 May 2013 13:08:45 -0400

VALLENAR, Chile -; Chile's environmental regulator has stopped construction and imposed sanctions on Barrick Gold Corp.'s $8.5 billion Pascua-Lama project, citing "serious violations" of its environmental ...

Former Uruguayan Prisoners Sue 12 Intel Officers for Torture

Fri, 24 May 2013 13:07:05 -0400

Montevideo, May 24 (Prensa Latina) A dozen officials from the Directorate of National Intelligence (DNI) for the Uruguayan dictatorship (1973-1985) have been issued court summons, accused of torturing 40 members of the Communist Youth Union. According to the complainants' lawyer, Paul Chargoñia, the 40 victims were college students when they were arrested by the DNI'?Ös ...

Does Technology Offer Anyone a Big Break in Entertainment Industry

Fri, 24 May 2013 13:06:24 -0400

Changes in technology have opened up new opportunities in the entertainment industry, offering platforms for the most scrappy or eclectic of musicians, filmmakers and other creative artists. That's the argument of a new book, "The End of Big: How the Internet Makes David the New Goliath." "Today anyone can create just about any media at zero cost. ... Just about any cheap ...

DealBook Bausch Lomb Said to Be Near $9 Billion Sale to Valeant

Fri, 24 May 2013 13:05:44 -0400

Valeant Pharmaceuticals for about $9 billion, people briefed on the matter said on Friday. A deal could be announced as soon as next week, these people said, cautioning that talks were continuing and could fall ...

DealBook The Curious Case of the European Vodka Seller

Fri, 24 May 2013 13:05:44 -0400

A hostess sets up shots of Russian Standard Vodka in Tel Aviv, Israel. To say that the world of mega Chapter 11 cases is slow right now is an understatement. ...

‘Too early’ to speculate on Causeway’s world heritage status

Fri, 24 May 2013 13:05:42 -0400

Unesco has said it is too early to say if the Giant’s Causeway’s status as a world heritage site is at risk over a golf course development Environmental groups have been involved in a long-running campaign to prevent a hotel, clubhouse and driving range being built close to the internationally renowned tourist attraction.Planning permission has been granted by Environment Minister ...

Sonic Automotive buys BMW Mercedez-Benz dealerships in Denver

Fri, 24 May 2013 13:05:39 -0400

Charlotte-based Sonic Automotive (NYSE:SAH) has purchased a BMW dealership and a Mercedes-Benz dealership in Denver. Sonic Automotive Inc. (NYSE:SAH) has agreed to purchase two Colorado franchises from Murray Motor Imports Co. of Denver, according to a statement from the Charlotte-based company. Joining Sonics portfolio of dealerships are Murray BMW of Denver and Mercedes-Benz of Denver. The ...

LME wins deal of the year award at inaugural Platts Global Metals Awards

Fri, 24 May 2013 13:04:36 -0400

U.S. headquartered metals trade publisher, Platts, held its first Global Metals Awards dinner in London yesterday and several category winners will have been of particular interest to Mineweb ...

Microsoft To Windows 8 Haters Try This Mouse

Fri, 24 May 2013 13:01:40 -0400

Windows 8 users have little use for Modern UI apps , and that desktop and laptop users are particularly unengaged. The findings were, to a degree, unsurprising; to many users, the Win8's Live Tile-dominated Start screen hasn't been, ...

Boost for Coast marine industry

Fri, 24 May 2013 13:00:35 -0400

THE future of the Gold Coast's marine industry is on solid ground after the Longhurst family moved to purchase Riviera's boat-building facility at Coomera.Rodney Longhurst bought the Riviera business in March last year, but only yesterday did he confirm a deal had been done to buy the 14ha waterfront site where the boats are manufactured.The announcement was made the day after Ford ...

Five Things Arrested Developments Comeback Can Teach The TV Business

Fri, 24 May 2013 13:00:05 -0400

Actors Portia de Rossi, Will Arnett and Jason Bateman arrive at the Los Angeles premiere of Netflix's new season of "Arrested Development" in April (Image credit: Getty Images via ...

The World in Photos This Week - An FP Slide Show

Fri, 24 May 2013 13:00:04 -0400

John Allen to the Middle East; Man bites dog: A good week for the F-35; No timeframe for transferring drone ops to Pentagon; What Obama's moves mean for Pakistan; War on terror: Are we there yet?; and a bit more. - by Gordon ...

Fueled By The Sun Solar Impulse Lands In Dallas And Shatters World Distance Record

Fri, 24 May 2013 13:00:02 -0400

Powered solely by the Sun, Solar Impulse, which has the wingspan of a jumbo jet and weighs less than a compact car, successfully flew from Phoenix to Dallas on Thursday, May 23, to complete the longest leg of the Across America mission, which will conclude in New York. The 950 mile flight to DFW Airport set a new world distance record in solar ...

Commission may expand reporting directive to tax

Fri, 24 May 2013 12:59:09 -0400

The European Commission is looking at options to fast-track new rules for more transparency in corporate tax following a mandate given by European Union leaders at Wednesday's European Council. According to Commission sources, the favoured option at the moment is to expand the scope of the non-financial corporate reporting proposal put forward by the Commission last month. The current ...

Stallion Global blank UFL rivals

Fri, 24 May 2013 12:53:56 -0400

7:30 p.m.--Stallion vs Global GLOBAL and Stallion warmed up for their potential title-deciding clash by grinding out narrow victories Thursday night in the United Football League at Emperador Stadium in Taguig City. National team players Misagh Bahadoran and Jeffrey Christiaens scored in the second half as Global hacked out a 2-0 win over Air Force to stay in pursuit of Stallion. Stallion got ...

Corporate America Blind to gender discrimination

Fri, 24 May 2013 12:51:43 -0400

How can a company expect to survive, let alone thrive, if half of its talent pool is excluded from key positions? Most companies can't even recognize they have a problem with gender ...

Ottawa high school helps another halfway around the world

Fri, 24 May 2013 12:51:03 -0400

Hillcrest High School students are just $600 away from building their second elementary school overseas in five years. The students will participate in their 3rd Annual Walk for Water fundraiser Thursday, in support of Brick by Brick, a school building project in rural Ecuador with Free the ...

Brazil buys robots for World Cup Olympic security

Fri, 24 May 2013 12:49:27 -0400

Brazil will host both Pope Francis and the FIFA World Cup in 2014, and the 2016 Olympic Games will be held in Rio de Janeiro, leading the government to invest in additional security. The Brazilian government contracted iRobot to provide military iRobot 510 PackBot robots. For $7.2 million, Brazil will get about 30 PackBot 510 units, which usually cost about $100,000 to $200,000 each, along with ...

World Briefing | Asia Earthquake in Russias Far East Prompts Evacuations

Fri, 24 May 2013 12:46:42 -0400

An 8.3-magnitude earthquake struck ...

Essential reading Tax moves pit large companies against small and more

Fri, 24 May 2013 12:45:38 -0400

Some of the biggest companies in the United States are fighting for a cut in the official corporate tax rate. But the nation's millions of small businesses fear they will be the ones paying for ...

Fitch Expects to Rate Odebrecht Offshore Drilling Finance Ltd.s Notes BBB Outlook Stable

Fri, 24 May 2013 12:42:43 -0400

U.S. prime money market funds (MMFs) increased their exposure to eurozone banks in April. However, even at 15.1%, asset allocations to these institutions remain well below 2011 levels, according to Fitch ...

Best Hotels in San Francisco for mixing business with pleasure

Fri, 24 May 2013 12:33:58 -0400

Donatello Hotel Plenty of business people find themselves traveling to San Francisco for work. And while the city has plenty to offer all kinds of travelers, it can be tough for business travelers to find some time to enjoy the citys many perks. Fortunately, weve found the top business hotels that are perfect for mixing business and pleasure. For the Food Fanatic: The St. Regis San Francisco If ...

Three Insurance Companies Placed in Liquidation in Illinois

Fri, 24 May 2013 12:32:00 -0400

Lumbermens Mutual Casualty, American Manufacturers Mutual Insurance, and American Motorists Insurance Companies have been placed in liquidation in Illinois, according to the state insurance department. State insurance guaranty associations will pay the companies' claims, the department said. Illinois Department of Insurance Director Andrew Boron has been serving as statutory rehabilitator ...

Extractive Industries A New Accountability Agenda

Fri, 24 May 2013 12:31:56 -0400

The Extractive Industries Transparency Initiative (EITI) was founded in 2003 with the goal of strengthening governance by increasing transparency over revenues from the oil, gas, and mining sectors. EITI has contributed to much greater disclosures of information and helped spur dialogue in many countries. But EITI has not made progress toward its ultimate purpose of enhancing accountability in ...

From housing to health care 7 co-ops that are changing the economy

Fri, 24 May 2013 12:30:45 -0400

Chefs prepare food at the co-op restaurant Colors in New York City, started by former employees of the Windows of The World restaurant at the World Trade Center that was destroyed in the Sept. 11, 2001, attacks. Across the US workers are starting employee-owned businesses, from health-care co-ops to general ...

Lubna ranked 67th among worlds 100 powerful women

Fri, 24 May 2013 12:29:48 -0400

WAM ABU DHABI, May 24th, 2013 (WAM) -- Sheikha Lubna bint Khalid Al Qasimi, Minister of Development and International Co-operation has been ranked 67the among the world's strongest women in 2013, according to the annual report released by the Forbes. She was also ranked the first at the Arab level, followed by the Saudi Businessperson Lubna Al-Elian. Forbes is an American business ...