Friday, August 2, 2013

Daily News: Reuters Business News Headlines - NZ's Fonterra finds botulism bacteria in dairy ingredient

Friday, Aug 02, 2013 08:36 PM PDT
Today's Reuters Business News Headlines - Yahoo! News:

NZ's Fonterra finds botulism bacteria in dairy ingredient 
Friday, Aug 02, 2013 08:36 PM PDT
By Naomi Tajitsu WELLINGTON (Reuters) - New Zealand's Fonterra, the world's largest dairy exporter, on Saturday said it had found that an ingredient in some of its dairy products contained a strain of a bacteria which can cause botulism, prompting China to recall affected products. The company said it had notified the eight customers which purchased New Zealand-made whey protein concentrate contaminated with Clostridium Botulinum, and may have used the ingredient in the production of infant formula, sports drinks, and other products. ...
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Detroit retirees win seat at table in bankruptcy filing 
Friday, Aug 02, 2013 07:50 PM PDT
A 'Welcome to Detroit' sign is seen along 8 Mile Road in DetroitBy Nick Carey and Joseph Lichterman DETROIT (Reuters) - In a high-stakes hearing on Friday in Detroit's bankruptcy filing, a judge approved a city plan to form a creditors' committee of retired workers, but gave unions and pension funds that opposed the plan a measure of satisfaction by declaring an independent trustee - and not the city - will select committee members. ...
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CBS, Time Warner Cable fight escalates; network dark in NY, LA 
Friday, Aug 02, 2013 06:40 PM PDT
The Time Warner Cable office is shown in CarlsbadBy Lisa Richwine and Liana B. Baker (Reuters) - U.S. broadcaster CBS went dark for millions of Time Warner Cable subscribers on Friday in the nation's two largest markets and other cities after the cable operator and CBS Corp failed to reach an agreement over fees following weeks of contentious negotiations. The blackout by Time Warner Cable of the No. 1-rated U.S. broadcast network followed an increasingly hostile and public battle between the two sides, which accused each other of making unreasonable demands in their talks over how much the cable operator will pay to carry CBS. ...
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CBS retaliates, blocks online shows for Time Warner cable customers 
Friday, Aug 02, 2013 06:34 PM PDT
By Lisa Richwine LOS ANGELES (Reuters) - U.S. broadcast network CBS took its dispute with Time Warner Cable to the Internet, blocking access to shows on the CBS.com website for the cable operator's customers in New York and Los Angeles. The move followed Time Warner Cable's decision on Friday to drop CBS from its systems in those markets and some others, an escalation of a weeks-long fight over the fees it pays to carry the network. CBS's retaliation showed the increasingly powerful position content owners enjoy online. ...
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U.S. sets rules to prevent type of rail crash that hit Quebec town 
Friday, Aug 02, 2013 06:19 PM PDT
Wagons are pictured on the site of the train wreck in Lac MeganticWASHINGTON (Reuters) - The U.S. rail safety regulator issued rules on Friday meant to prevent the kind of runaway fuel-train accident that devastated a Canadian town last month. Under the rules, rail cars carrying hazardous materials such as combustibles may not be left unattended on main tracks or adjacent tracks unless specifically authorized. Railroads must boost their safety procedures and record-keeping for trains that carry hazardous material and are braked, according to the rules from the Federal Railroad Administration. ...
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U.S. seeks tighter control over Apple in e-book case 
Friday, Aug 02, 2013 05:56 PM PDT
The Apple logo is pictured at the company's flagship retail store in San Francisco, CaliforniaBy Jonathan Stempel NEW YORK (Reuters) - Apple Inc is headed for a showdown with the U.S. government and dozens of states, which on Friday urged that tough new restrictions be imposed on the company for illegally conspiring to raise e-book prices. The changes proposed by the U.S. Department of Justice and 33 U.S. states and territories are designed to stop Apple from committing further antitrust violations after U.S. District Judge Denise Cote said on July 10 Apple had a "central role" in a conspiracy with five major publishers to raise e-book prices. ...
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TV film 'Sharknado' inches to cult status with midnight showings 
Friday, Aug 02, 2013 05:16 PM PDT
By Eric Kelsey LOS ANGELES (Reuters) - Three weeks after its premiere, "Sharknado" is still raining down great whites and hammerheads for the U.S. cable television network Syfy - and even splashing them across movie screens. The campy, low-budget TV disaster movie about a hurricane that unleashes an aerial shark attack on Los Angeles has proven that a B-movie can still be a big cult winner, especially when social media acts as its marketing machine. "You can't replicate something like this, you can't force-feed it - it just sort of happens," director Anthony C. ...
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U.S. intestinal bug traced to salad greens from Mexican company 
Friday, Aug 02, 2013 05:06 PM PDT
(Reuters) - U.S. health authorities have traced at least one source of an intestinal bug that has sickened more than 400 people in 17 states to salad greens supplied to restaurants by a company in Mexico. The U.S. Food and Drug Administration said a salad mix linked to the outbreak of cyclosporiasis was supplied to restaurants in Iowa and Nebraska by Taylor Farms de Mexico, a processor of food service salads. The restaurants included outlets of the Olive Garden and Red Lobster chains, both of which are owned by Darden Restaurants Inc, the FDA said in an e-mail. ...
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Blip CEO Kelly Day: we're talking to a dozen YouTube channels about joining us 
Friday, Aug 02, 2013 04:47 PM PDT
By Lucas Shaw NEW YORK (TheWrap.com) - Blip CEO Kelly Day is wary when it comes to YouTube. She can't risk angering the biggest video site in the world, but she also has to convince its stars to join her operation. That's why Day describes her site as "a complement" to YouTube, a platform they can use to build their own site - and supplement the money they see from Google. Yet this balancing act does not inhibit her from speaking candidly about why she won't be rushing to copy YouTube's recent launch of subscription channels, or why creators could make more money on Blip. ...
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Berkshire profit rises 46 percent, helped by economy 
Friday, Aug 02, 2013 04:44 PM PDT
Berkshire Hathaway shareholders walk by a video screen at the company's annual meeting in OmahaBy Jonathan Stempel and Jennifer Ablan (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped analyst forecasts, reflecting how many of Berkshire's more than 80 businesses are benefiting from growth, however modest, in the U.S. economy. ...
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U.S. says states' lawsuits vs S&P belong in state courts 
Friday, Aug 02, 2013 04:33 PM PDT
By Jonathan Stempel (Reuters) - The U.S. government, which is pursuing a $5 billion lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings, on Friday asked a federal judge to move similar cases by 15 U.S. states and the District of Columbia back to state courts. In a filing in the U.S. District Court in Manhattan, where the state lawsuits are now being handled, the U.S. Department of Justice said federal courts do not have jurisdiction because the cases turn on alleged violations of state laws against unfair consumer practices or deceptive business ...
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Lawmakers want perjury probe for Corzine 
Friday, Aug 02, 2013 04:18 PM PDT
Corzine wines as he testifies before a House Financial Services Committee Oversight and Investigations Subcommittee hearing on the collapse of MF Global, at the U.S. Capitol in WashingtonBy Douwe Miedema WASHINGTON (Reuters) - A group of Republican lawmakers called on Friday for a criminal investigation of Jon Corzine, the head of failed futures broker MF Global, saying he may have committed perjury when speaking before Congress in 2011. Corzine, a Democrat who previously served as New Jersey's governor and senator, headed MF Global when it collapsed in October 2011 in one of the 10 biggest U.S. bankruptcies. Customers were left reeling when it was discovered that about $1.6 billion was missing from their accounts. ...
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Al Jazeera to shutter English-language livestream when news channel launches 
Friday, Aug 02, 2013 04:11 PM PDT
By Sara Morrison LOS ANGELES (TheWrap.com) - The August 20 premiere of Al Jazeera America will give an estimated 50 million American homes access to a brand-new news channel - and cut off many more from Al Jazeera English's Internet livestream. An Al Jazeera America spokesperson confirmed on Friday that the outlet will discontinue its livestream of Al Jazeera English to American online audiences, reportedly due to cable provider-imposed restrictions. ...
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TCA: W. Kamau Bell on what white people can bring to race discussions 
Friday, Aug 02, 2013 04:09 PM PDT
By Tim Kenneally LOS ANGELES (TheWrap.com) - How can the discussion about racism in America be enriched? According to "Totally Biased" host W. Kamau Bell, the answer is a little less conversation. The comedian, who's show returns in a new nightly format to FX offshoot network FXX on September 4, offered his thoughts on the topic when asked at the Television Critics Association on Friday. "I think what's missing from the dialog on race is white people doing this," Bell offered, before nodding silently. "I feel like every white person should practice that. that's your 'listening to racism' face. ...
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Rolling Stone reporter: Boston bomber cover was about 'realizing he was normal' 
Friday, Aug 02, 2013 04:01 PM PDT
By Greg Gilman LOS ANGELES (TheWrap.com) - Rolling Stone has already defended its controversial decision to put Boston Marathon bomber Dzhokhar Tsarnaev on the cover of its July issue, and now the reporter who wrote the cover story, "Jahar's World," is defending Rolling Stone. Janet Reitman spoke about the issue while appearing on The Longform Podcast posted Friday. While she emphasized that neither she, nor any journalist writing for the publication, has control over whether the story becomes a cover story or what picture accompanies it, she was "very satisfied" with the final product. ...
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