Saturday, August 3, 2013

Daily News: Reuters Business News Headlines - Twelve injured when car drives through Los Angeles boardwalk

Saturday, Aug 03, 2013 08:43 PM PDT
Today's Reuters Business News Headlines - Yahoo! News:

Twelve injured when car drives through Los Angeles boardwalk 
Saturday, Aug 03, 2013 08:43 PM PDT
(Reuters) - A motorist drove a car drove through the popular Venice Beach boardwalk in Los Angeles on Saturday, injuring at least a dozen people in a hit-and-run incident, authorities said. "There was a hit-and-run and the vehicle is in custody. The driver fled on foot. There is a possible suspect who has been detained," said Daniel Chun, spokesman for the Los Angeles Police Department. Witnesses described a dark-colored sedan moving at speeds as much as 20 miles per hour down the oceanside pedestrian walkway before 6 p.m., said Brian Humphrey, a spokesman for the Los Angeles Fire Department. ...
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IBT Media to add Newsweek to its digital media stable 
Saturday, Aug 03, 2013 08:30 PM PDT
(Reuters) - IBT Media, a digital-only media company, said on Saturday it was acquiring Newsweek from IAC/InterActive Corp, which took over the venerable title in 2010, stopped its print edition and relaunched it as a digital-only magazine earlier this year. IBT Media said in a statement the deal did not include the online news and commentary site The Daily Beast, which IAC had acquired along with Newsweek. ...
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Isuzu to use GM engines in new pick-up truck made in India: Nikkei 
Saturday, Aug 03, 2013 07:58 PM PDT
TOKYO (Reuters) - Japanese truck maker Isuzu Motors Ltd will use diesel engines made by General Motors Co in its new pick-up truck made in India to cut costs and lessen the burden of technology development, the Nikkei daily reported on Sunday. Isuzu plans to supply some 100,000 engines made at GM's factory based in India. The engines are produced with use of Isuzu technology. The move will allow Isuzu, which plans to start making the low-cost truck in 2016, to make it affordable to customers in India and Africa, the Nikkei report said. ...
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Gingerly, film-maker tests limits of freedom in Myanmar 
Saturday, Aug 03, 2013 07:41 PM PDT
Movie director Zay Par and his editor Zin Thaw work on their movie in the editing room in downtown YangonBy Jared Ferrie YANGON (Reuters) - Myanmar movie director Zay Par is doing what would have been unthinkable two years ago - putting the finishing touches to a film that harks back to a 1988 student uprising brutally put down by military rulers. Hunched in front of a computer in a cramped room in Yangon, Zay Par says he is testing the boundaries of newfound artistic freedom that has blossomed since the junta handed power to a hand-picked civilian government in 2011 - but very carefully. ...
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Obama administration overturns ban on some iPad, iPhones 
Saturday, Aug 03, 2013 07:28 PM PDT
A worker climbs outside an Apple store in Hong KongBy Diane Bartz and Ayesha Rascoe WASHINGTON (Reuters) - The Obama administration has overturned a U.S. trade panel's ban on the sale of some older iPhones and iPads, reversing a ruling that had favored Samsung Electronics Co Ltd over Apple Inc in their long-running patent battles. The U.S. International Trade Commission in June banned the import or sale of the iPhone 4, iPhone 3GS, iPad 3G and iPad 2 3G distributed by AT&T Inc, saying the devices infringed a patent owned by the South Korean electronics giant. U.S. ...
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From Boston hero to goat, billionaire John Henry takes on Globe challenge 
Saturday, Aug 03, 2013 03:18 PM PDT
Boston Red Sox owner John Henry with wife Linda Pizzuti arrives for the first session of annual Allen and Co. conference at the Sun ValleyBy Tim McLaughlin BOSTON (Reuters) - As recently as five years ago, billionaire John Henry, could do no wrong in Boston, but since then the image of the man who agreed to buy the Boston Globe on Saturday has taken a beating. The principal owner of the city's beloved Boston Red Sox delivered not one, but two World Series championships (2004 and 2008) to a region that had endured an 86-year drought. He remade the team's Fenway Park, now 101 years old, into a modern venue with sold-out attendance that stretched for years. ...
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New Siemens CEO says played no role in his predecessor's ouster 
Saturday, Aug 03, 2013 03:09 PM PDT
Newly elected Siemens CEO Kaeser gestures during news conference in Siemens headquarter in MunichFRANKFURT (Reuters) - Joe Kaeser, the new chief executive of German engineering group Siemens, told a newspaper he played no role in the ousting of his predecessor Peter Loescher. Loescher was dumped in a boardroom battle after the company issued its second profit warning of the year last week. Kaeser, previously finance chief at Siemens, became the company's new CEO on Thursday. "I worked very well with Mr. Loescher and was not involved in his replacement," German daily Nuernberger Nachrichten quoted Kaeser as saying in an excerpt of an interview to be published on Monday. ...
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DirecTV sides with Time Warner over CBS fee dispute 
Saturday, Aug 03, 2013 12:54 PM PDT
A Direct TV dish is seen outside a home in the Queens borough of New York(Reuters) - In an unusual show of solidarity between rivals, satellite TV provider DirecTV issued a statement on Saturday applauding Time Warner Cable's decision to drop CBS programming from its lineup in the nation's two largest markets after the two failed to reach an agreement over fees. The blackout on Friday by Time Warner of CBS, the No. 1-rated U.S. broadcast network, followed weeks of protracted and acrimonious negotiations between the two companies. CBS retaliated on Friday by suspending videos of full episodes of its programming on CBS. ...
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Canada draws up directive on beacons in 787 fire investigation 
Saturday, Aug 03, 2013 12:27 PM PDT
Emergency services attend to a Boeing 787 Dreamliner, operated by Ethiopian Airlines, after it caught fire at Britain's Heathrow airport(Reuters) - Canada's air transport regulator is drawing up a safety directive concerning the emergency beacons at the center of an investigation into a fire on a parked Boeing 787 Dreamliner last month, it said on Saturday. The directive - which would list action that airlines or manufacturers must take - will take into account inspections done by manufacturer Honeywell International and its Canadian sub-contractor Instrumar Ltd, Transport Canada said in a statement. "Transport Canada is developing an airworthiness directive in consultation with the FAA (U.S. ...
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Restaurant chain says salad linked to virus no longer served 
Saturday, Aug 03, 2013 11:10 AM PDT
By Noreen O'Donnell NEW YORK (Reuters) - A salad mix linked to a severe stomach virus that sickened more than 200 people in Iowa and Nebraska has not been served at Olive Garden and Red Lobster restaurants there for about a month, a spokesman for the restaurants said on Saturday. The Food and Drug Administration identified the salad, supplied by a Mexican farm, as responsible for the cyclospora outbreak in those two states. But the FDA said it is not yet clear if it was the culprit in 14 other states as well, and the investigation will continue. ...
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Weinstein in early talks with Miramax over possible deal: WSJ 
Saturday, Aug 03, 2013 09:39 AM PDT
(Reuters) - The Weinstein Co has held preliminary talks with Miramax Co about a possible deal that could create one of the most powerful independent film players, the Wall Street Journal reported on Saturday. A deal would reunite Weinstein brothers - Harvey and Bob - with Miramax, a company they founded and later sold to Walt Disney Co, which owned Miramax Films until 2010. Quoting an unnamed source, the paper said talks began several weeks ago with a meeting between Weinstein Co Chief Executive Harvey Weinstein and Miramax Chairman Tom Barrack. ...
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Actress Remini to publish memoir after leaving Scientology: source 
Saturday, Aug 03, 2013 09:28 AM PDT
By Eric Kelsey LOS ANGELES (Reuters) - Actress Leah Remini, one of the most prominent celebrities to leave the Church of Scientology, is planning to publish a memoir about her life, a source close to the actress said. It is not known how much Remini will divulge about the church in which she was raised, but the actress has received "a number of offers" from publishers, the source told Reuters late on Friday. ...
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New York Times sells Boston Globe to Red Sox owner 
Saturday, Aug 03, 2013 09:05 AM PDT
Vehicles drive past the New York Times headquarters in New YorkBy Jennifer Saba NEW YORK (Reuters) - The New York Times Co has agreed to sell The Boston Globe to the principal owner of the Boston Red Sox baseball team for $70 million in cash, a small fraction of what the Times paid for the newspaper 20 years ago. Under the transaction announced Saturday, Red Sox owner John W. Henry got the Boston Globe for less than a tenth of what the New York Times paid when it bought the newspaper for $1.1 billion in 1993. ...
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NZ's Fonterra finds botulism bacteria in dairy ingredient 
Saturday, Aug 03, 2013 08:33 AM PDT
By Naomi Tajitsu WELLINGTON (Reuters) - New Zealand's Fonterra, the world's largest dairy exporter, on Saturday said it had found a bacteria which can cause botulism in some of its dairy products, prompting China to issue a recall of affected products. New Zealand authorities said they were holding back some widely used infant formula products from supermarket shelves. ...
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Twitter UK boosts anti-abuse tools after threats against women 
Saturday, Aug 03, 2013 07:30 AM PDT
An illustration picture shows the log-on icon for the Website Twitter on an Ipad in BordeauxBy Estelle Shirbon LONDON (Reuters) - The British arm of Twitter apologised on Saturday to a group of high-profile women who have been threatened with death and rape on the micro-blogging site, and announced measures to make it easier for users to report abusive tweets. Twitter had come under increasing pressure to react after a feminist campaigner, several women members of parliament and female journalists were targeted by users who hurled misogynistic abuse at them and in some cases made violent threats. ...
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