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| More signs Abenomics is working as Japan prices, output rise Thursday, Aug 29, 2013 09:26 PM PDT  By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - Japan is escaping deflation, the government said on Friday as data showing rising prices, falling unemployment, higher incomes and factory activity gathering momentum pointed to an ongoing recovery in the world's third-largest economy. Prime Minister Shinzo Abe and the Bank of Japan have gambled on massive fiscal and monetary stimulus to spark life into the economy, and the accumulating signs of an upswing are seen strengthening the case for a planned sales tax increase. ... Full Story | Top |
| Carney says uncertainty about RBS' future must end Thursday, Aug 29, 2013 09:17 PM PDT  LONDON (Reuters) - Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland, Bank Governor Mark Carney said in a newspaper interview. Carney's position echoes that of his predecessor, Mervyn King, who said RBS' ability to sustain lending was being hampered by a lack of clarity over its future. Britain's government ploughed 45.8 billion pounds into RBS to save it from collapse in 2008, and now holds an 81 percent stake. ... Full Story | Top |
| U.S. authorities widen hiring probe beyond JPMorgan: WSJ Thursday, Aug 29, 2013 08:41 PM PDT  (Reuters) - U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing on the hiring of relatives of well-connected foreign officials with the intent of winning business, the Wall Street Journal reported, citing people with knowledge of the situation. The enquiry goes beyond a probe disclosed by JPMorgan Chase earlier this month. The bank has not been accused of wrongdoing. (http://link.reuters.com/hag72v) The Journal did not identify which banks and hedge funds have been contacted by U.S. authorities. U.S. ... Full Story | Top |
| U.S. plans reports on secret court orders to telecom providers Thursday, Aug 29, 2013 07:39 PM PDT  By Alina Selyukh WASHINGTON (Reuters) - The U.S. intelligence community has pledged to disclose more data about government surveillance programs by reporting annually how many secret court orders are issued to telecommunications companies under certain legal rules. Director of National Intelligence James Clapper on Thursday announced a plan to release the total number of legal orders issued every 12 months to telecom companies by the secret Foreign Intelligence Surveillance Court, and the number of targets affected by those orders. ... Full Story | Top |
| Colombian president calls for calm as farm protests reach Bogota Thursday, Aug 29, 2013 06:56 PM PDT  By Helen Murphy and Fernando Peinado BOGOTA (Reuters) - Thousands of Colombian farmers and state workers marched through Bogota on Thursday, banging pots and pans as they converged on the capital after 11 days of increasingly violent protests against agricultural and trade policies they say have left them impoverished. Students wearing balaclavas pelted shop windows with rocks near the capital's main square and clashed with riot police who fired tear gas to disperse them. Bogota imposed a curfew in three of the more populated areas of the city after violence continued into the night. ... Full Story | Top |
| Iraq war ghosts end UK plans to take part in Syria action Thursday, Aug 29, 2013 06:06 PM PDT  By Andrew Osborn and Guy Faulconbridge LONDON (Reuters) - Prime Minister David Cameron's plans for joining a potential military strike on Syria were thwarted on Thursday night after Britain's parliament narrowly voted against a government motion to authorise such action in principle. In a humiliating defeat for the British leader likely to damage Cameron's hopes of being re-elected in 2015 and set back traditionally strong U.S.-UK relations, parliament defied Cameron by 285 to 272 votes. Commentators said it was the first time a British prime minister had lost a vote on war since 1782. ... Full Story | Top |
| Herbalife billionaire brawl puts spotlight on N.J. professor Thursday, Aug 29, 2013 06:05 PM PDT By Svea Herbst-Bayliss and Jennifer Ablan BOSTON/NEW YORK (Reuters) - In the battle of investors who've made opposite bets on the shares of Herbalife , both sides - including firms led by billionaires Bill Ackman and George Soros - have consulted a New Jersey college professor and studied his research. For decades, William Keep, dean of the School of Business at the College of New Jersey, has pursued a relatively obscure marketing specialty known as multilevel marketing businesses, or MLMs. ... Full Story | Top |
| Daimler's Mercedes-Benz set to beef up sales network in China Thursday, Aug 29, 2013 06:03 PM PDT By Norihiko Shirouzu CHENGDU, China (Reuters) - Daimler AG's Mercedes-Benz will try to reach deeper into China's inland-west region and small "lower-tier" cities for growth as part of a broader turnaround plan for the world's biggest auto market, according to people familiar with the matter. The initiative, due to be detailed by top Mercedes-Benz China executives at the Chengdu auto show on Friday, is a key component of Daimler's strategic plan to invest 2 billion euros ($2.67 billion) in China over the next two years. ... Full Story | Top |
| Indian rupee charts in uncharted territory Thursday, Aug 29, 2013 05:49 PM PDT  By Saikat Chatterjee and Subhadip Sircar MUMBAI/HONG KONG (Reuters) - The rupee has fallen so far so fast that not even technical analysts can divine the currency's future. The chartists, as these analysts are also known, are struggling to make sense of a currency that is now firmly in territory that is uncharted. Strategists said that technical factors did not count for much in crisis situations in which investors were fleeing markets and the fact that the rupee was at record low levels compounded the problem because making comparisons with past price patterns was impossible. ... Full Story | Top |
| CBS ad enlists football stars in bid to end Time Warner blackout Thursday, Aug 29, 2013 05:05 PM PDT By Ronald Grover and Liana B. Baker (Reuters) - CBS Corp aired ads in three major U.S. markets this week urging fans to switch television providers before the start of the professional and college football seasons to pressure Time Warner Cable Inc to end a month-long blackout over fee increases. The ads, which feature a much-anticipated matchup between star sibling NFL quarterbacks Peyton and Eli Manning, are designed to highlight what Time Warner subscribers would miss should the blackout in those major markets extends into the rabidly followed football season. ... Full Story | Top |
| 'Bullwinkle Show' voice actress wins TV Academy's Governors Award Thursday, Aug 29, 2013 05:04 PM PDT  By Steve Pond LOS ANGELES (TheWrap.com) - Veteran voice artist June Foray, the voice of Rocket J. Squirrel and Natasha Fatale on "The Bullwinkle Show," Cindy Lou Who in "How the Grinch Stole Christmas" and Granny in the Tweety and Sylvester cartoons, has been named recipient of the 2013 Governors Award by the Academy of Television Arts and Sciences, ATAS chairman Bruce Rosenblum announced on Thursday. Foray, 95, has been in the entertainment business for more than 80 years, and over the last 60 she has become known as "The First Lady of Cartoon Voices. ... Full Story | Top |
| Florida to call on Labrador retrievers to stem Giant Snail invasion Thursday, Aug 29, 2013 04:36 PM PDT  By Kevin Gray MIAMI (Reuters) - Florida officials trying to eradicate the Giant African Land Snail, one of the world's most destructive invasive species, plan to deploy a new weapon in the battle - Labrador retrievers. State agriculture authorities say they hope the dogs will add to their success in fighting an infestation of the slimy snails, which were first spotted by a homeowner nearly two years ago and quickly swept through the Miami area. ... Full Story | Top |
| Two U.S. traders plead guilty in Venezuelan bank bribery case Thursday, Aug 29, 2013 04:34 PM PDT By Nate Raymond NEW YORK (Reuters) - Two former employees of a New York broker-dealer pleaded guilty on Thursday to conspiring to pay kickbacks to Venezuelan state banking officials, as U.S. prosecutors moved to broaden their case. Tomas Alberto Clarke Bethancourt, 43, and Ernesto Lujan, 50, admitted to participating in the conspiracy to help secure trading business for their employer, Direct Access Partners. ... Full Story | Top |
| Muslims challenging U.S. 'no fly' list win partial court victory Thursday, Aug 29, 2013 04:34 PM PDT By Teresa Carson PORTLAND, Oregon (Reuters) - Thirteen Muslim Americans challenging the U.S. governments' secretive "no-fly" list won a partial victory in federal court when a judge found they "have a constitutionally protected liberty interest" in traveling internationally by air. But U.S. District Judge Anna Brown has yet to decide whether the government violated their constitutional rights to due process under a policy that excludes individuals from commercial air travel if they are suspected of having ties to terrorism. ... Full Story | Top |
| Analysis: Why Wall Street doesn't blink at extra $30 billion for Verizon Wireless Thursday, Aug 29, 2013 04:32 PM PDT  By Sinead Carew NEW YORK (Reuters) - It's not often that Wall Street shrugs off what amounts to a 30 percent price hike for an asset inside of four months. But that is what happened to Verizon Communications Inc when news broke that it is in talks to buy out Vodafone Group Plc's 45 percent stake in their U.S. wireless venture for up to $130 billion, up from the $100 billion price range that it was considering back in April. Verizon shares closed 2. ... Full Story | Top |
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