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| Ex-Kleiner partner wins bid to keep discrimination case in public eye Wednesday, Jun 26, 2013 08:51 PM PDT By Sarah McBride SAN FRANCISCO (Reuters) - A high-profile Silicon Valley sex discrimination lawsuit moved closer to a trial after a panel of justices ruled that venture capital firm Kleiner Perkins Caufield & Byers cannot take a former partner's claims to arbitration. The suit, which pits former partner Ellen Pao against one of Silicon Valley's most storied venture firms, alleges harassment, discrimination and retaliation. It became the talk of the Valley last year with its references to an affair and its allegations - denied by the firm - of sexual advances and sexist behavior. ... Full Story | Top |
| Asian shares extend gains as Fed, China fears subside Wednesday, Jun 26, 2013 08:49 PM PDT  By Chikako Mogi TOKYO (Reuters) - Asian shares extended gains for a second day on Thursday, buoyed by a rise in global equities on expectations that the U.S. Federal Reserve will not rush to end its stimulus program, and by further signs of improvement in China's strained money markets. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.8 percent, after climbing 1.9 percent on Wednesday to break a four-day losing streak and moving away from an 11-month low touched earlier in the week. ... Full Story | Top |
| GM's South Korea workers to stage partial strike July 4 over wages Wednesday, Jun 26, 2013 06:50 PM PDT SEOUL (Reuters) - Workers at General Motors Co's factories in South Korea, a key manufacturing base for the U.S. automaker, will stage a partial walkout on July 4 because of disputes over wages and production plans, a union spokesman said on Thursday. The partial walkout comes during annual wage talks that began in April. GM Chief Executive Dan Akerson and other executives have raised concerns about a further increase in labor costs partly because of ongoing wage lawsuits filed by GM's South Korean workers. ... Full Story | Top |
| Europe strikes deal to push cost of bank failure on investors Wednesday, Jun 26, 2013 06:46 PM PDT  By John O'Donnell and Robin Emmott BRUSSELS (Reuters) - The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage. After seven hours of late-night talks, finance ministers from the bloc's 27 countries emerged with a blueprint to close or salvage banks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank. ... Full Story | Top |
| Texas' controversial abortion vote: where was cable news? Wednesday, Jun 26, 2013 06:25 PM PDT By Sara Morrison LOS ANGELES (TheWrap.com) - There was an amazing made-for-television moment in the Texas state senate last night. And if you were watching any of the big three cable news channels, you didn't see it. Tuesday night (and early into Wednesday morning), the Texas Senate met to vote on a bill that would restrict abortions in the state to the point that most if not all abortion clinics would be forced to close. Democrats staged a filibuster to prevent the vote, with Sen. Wendy Davis going almost 13 hours without sitting, leaning, eat, drinking, or using the bathroom. ... Full Story | Top |
| Egypt's Mursi offers to listen, opponents unimpressed Wednesday, Jun 26, 2013 06:14 PM PDT  By Yasmine Saleh and Alastair Macdonald CAIRO (Reuters) - President Mohamed Mursi offered opponents a say in amending Egypt's constitution, but railed against "enemies" he accused of undermining the new democracy in a defiant speech ahead of mass protests planned to demand that he step down. As the Islamist head of state ended a marathon televised address early on Thursday, liberals said they had heard nothing new, including any offer to include them in committees to draft institutional reforms and study "national reconciliation". ... Full Story | Top |
| Tennessee man charged with extortion in Romney tax return scheme Wednesday, Jun 26, 2013 05:53 PM PDT By Douwe Miedema WASHINGTON (Reuters) - A Tennessee man was charged with attempting to extort $1 million during last year's election by threatening to release former Republican presidential candidate Mitt Romney's tax returns that he falsely claimed he had stolen, the Department of Justice said on Wednesday. Michael Mancil Brown, 34, was indicted on six counts of wire fraud and six counts of extortion in U.S. District Court in Tennessee, the agency said. ... Full Story | Top |
| Beyonce's Father Sues Rupert Murdoch's Sun for Defamation Wednesday, Jun 26, 2013 05:33 PM PDT By Tim Kenneally LOS ANGELES (TheWrap.com) - Matthew Knowles, father and former manager of music superstar Beyonce Knowles, has filed suit against the Sun, claiming that Rupert Murdoch's British tabloid made "malicious and false statements" in an article about him. The suit claims that Knowles consented to an interview with reporter Georgina Dickinson on the condition that he would not "discuss personal family topics, only his career and the career of his artists, and music or business topics." Dickinson promised that her article would "paint a well-rounded picture of Mr. ... Full Story | Top |
| ICAP executive seen linked to LIBOR scandal: Wall Street Journal Wednesday, Jun 26, 2013 05:10 PM PDT NEW YORK (Reuters) - A senior executive at British brokerage firm ICAP PLC knew that some of the firm's brokers worked with traders at UBS AG to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar with the matter. The executive, David Casterton, was included in some emails sent in 2007 documenting the discussions, in which UBS agreed to make quarterly payments to ICAP for help in rigging the London Interbank Offered Rate, or LIBOR, the paper said on its website on Wednesday. ... Full Story | Top |
| Effects work on Daniel Radcliffe's 'Horns' Shipped to Contractor as Newbreed struggles (Exclusive) Wednesday, Jun 26, 2013 04:59 PM PDT  By Brent Lang LOS ANGELES (TheWrap.com) - Struggling visual-effects studio Newbreed will have to ship out work on the upcoming Daniel Radcliffe horror film "Horns" to another company, TheWrap has learned. "Horns" producers Mandalay Pictures and Red Granite Pictures have yet to decide what company will be awarded the additional work. The Montreal-based Newbreed is enduring a severe cash crunch as it tries to refinance its debt, according to an individual with knowledge of the company's finances. ... Full Story | Top |
| Fresh protests in Brazil despite government concessions Wednesday, Jun 26, 2013 04:55 PM PDT  By Anthony Boadle and Tatiana Ramil BRASILIA/BELO HORIZONTE (Reuters) - Tens of thousands of Brazilians took to the streets on Wednesday in new demonstrations calling for a crackdown on corruption and better public services, just a day after Congress ceded to some of the key demands galvanizing protests across the country. In Belo Horizonte, authorities said 40,000 people gathered to demand improved education and healthcare as Brazil's third-largest city hosted a Confederations Cup semi-final soccer game between Brazil and Uruguay in a warm-up for the 2014 World Cup. ... Full Story | Top |
| Torrential rains prompt flood warnings in Midwest Wednesday, Jun 26, 2013 04:53 PM PDT By Mary Wisniewski CHICAGO (Reuters) - Torrential rains slammed Illinois and other Midwest states on Wednesday, triggering flash flood warnings and causing flight cancellations, commuter train delays and road closings. Up to 5 inches of rain fell in some places and the National Weather Service warned residents in the region to brace for more downpours and possibly severe thunderstorms Wednesday night. The weather service issued multiple flash flood and flood warnings for counties in northern Illinois, northwestern Indiana and southeastern Wisconsin. ... Full Story | Top |
| U.S. judge throws out Abu Ghraib detainees' torture case Wednesday, Jun 26, 2013 04:37 PM PDT  By Jonathan Stempel (Reuters) - CACI International Inc has won the dismissal of a lawsuit accusing it of conspiring to torture detainees at the Abu Ghraib prison near Baghdad, as the defense contractor benefited from a recent U.S. Supreme Court decision over alleged human rights abuses on foreign soil. In a decision made public on Wednesday, U.S. District Judge Gerald Bruce Lee in Alexandria, Virginia said he lacked jurisdiction to hear claims brought by the four Iraqi plaintiffs under the Alien Tort Statute (ATS), and separate claims by one plaintiff that he said were barred under Iraqi law. ... Full Story | Top |
| Judge narrows Greenberg lawsuit versus U.S. over AIG bailout Wednesday, Jun 26, 2013 04:11 PM PDT  By Jonathan Stempel (Reuters) - A federal judge has allowed former American International Group Inc Chief Executive Maurice "Hank" Greenberg to continue his multibillion dollar lawsuit against the United States over the insurer's bailout, but took away some of his claims. Judge Thomas Wheeler of the U.S. Court of Federal Claims said Greenberg's Starr International Co may pursue claims over the government's taking of a 79.9 percent stake in AIG in September 2008 and a separate 1-for-20 reverse stock split in June 2009. ... Full Story | Top |
| Men's Wearhouse founder says did not push for going private deal Wednesday, Jun 26, 2013 04:10 PM PDT (Reuters) - Men's Wearhouse Inc founder George Zimmer denied on Wednesday that he had pushed for a sale of the apparel retailer before he was fired as executive chairman, insisting that he only presented that suggestion to the board as one option. The board, in a statement on Tuesday, said Zimmer had pushed for a "risky sale" of Men's Wearhouse to an investor group, a plan that the rest of the directors opposed. The board said it was exploring a potential sale of the company's K&G fashion chain. ... Full Story | Top |
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