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| Ford's Vignale to join European upmarket car chase Tuesday, Sep 03, 2013 09:08 PM PDT  By Christiaan Hetzner FRANKFURT (Reuters) - Ford has drawn on the latest European design trends with its new luxury concept car, tempting the driver with a quilted cream-colored Nappa leather interior to complement its chrome and mocha-hued bodywork. The Vignale, which makes its first public appearance at the Frankfurt auto show next week and launches in Europe early in 2015, is the latest attempt by a mass-market carmaker to woo affluent customers more interested in a lifestyle than a bargain. Looks can be deceptive, though. ... Full Story | Top |
| Savior or slayer? Either way, Nokia's Elop a contender for Microsoft chief Tuesday, Sep 03, 2013 09:01 PM PDT  By Bill Rigby and Ritsuko Ando SEATTLE/HELSINKI (Reuters) - When a British bookmaker installed Stephen Elop as favorite to take over the soon-to-be-vacant CEO slot at Microsoft Corp last week, most tech observers laughed it off as a publicity stunt. But Microsoft's purchase of Nokia's handset business, announced late on Monday, has suddenly made Elop one of the most visible candidates for the top spot at the company where he once worked. ... Full Story | Top |
| Asian stocks snap four-day rally on Syria concerns, dollar gains Tuesday, Sep 03, 2013 08:53 PM PDT  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks snapped a four-day winning streak on Wednesday and safe assets like gold consolidated chunky overnight gains after President Barack Obama clinched the backing of two key figures in Congress in his drive for limited U.S. strikes on Syria. The U.S. dollar stood tall even as risk appetite ebbed, on course for its best five day performance in two months against a basket of currencies as a stronger-than-expected slate of U.S. data emboldened greenback bulls. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0. ... Full Story | Top |
| China services PMI at five-month high, adds to signs of recovery Tuesday, Sep 03, 2013 08:53 PM PDT  BEIJING (Reuters) - Growth in China's services sector hit a five-month high in August, underpinned by optimism over government policy measures, a private survey showed, the latest evidence that the world's second-largest economy may have avoided a sharp slowdown. The Markit/HSBC Services Purchasing Managers' Index (PMI) climbed to 52.8 in August, up from July's 51.3 and the highest since March, the survey showed on Wednesday. The data came on the heels of three other PMI surveys this week that pointed to a pick-up in activity at factories and service firms. ... Full Story | Top |
| BofA exits stake in China's CCB with $1.5 billion sale Tuesday, Sep 03, 2013 08:41 PM PDT  By Elzio Barreto and Peter Rudegeair HONG KONG/NEW YORK (Reuters) - Bank of America Corp raised $1.47 billion by selling its remaining stake in China Construction Bank Corp (CCB) , ending an eight year-old investment that generated a paper profit more than five times the original cost. The Charlotte, North Carolina-based bank sold 2 billion Hong Kong-listed shares of CCB at HK$5.70 each, a 3.9 percent discount to Tuesday's close, a term sheet of the deal seen by Reuters showed. CCB's Hong Kong traded shares fell 2.2 percent on Wednesday. ... Full Story | Top |
| Olympus to be prosecuted by UK fraud agency for falsifying Gyrus accounting Tuesday, Sep 03, 2013 08:30 PM PDT  TOKYO (Reuters) - Olympus Corp said on Wednesday that Britain's fraud regulatory agency will prosecute the Japanese endoscope and camera maker and its UK unit Gyrus for deceptive financial accounting, following a two-year investigation. Olympus said the UK's Serious Fraud Office had charged it with breaching Section 501 of the UK Companies Act by providing "misleading, false or deceptive" material in its financial accounts for Gyrus Group in fiscal 2009 and 2010. The firm's acquisition of Gyrus was one of the deals called into question by a $1. ... Full Story | Top |
| Australia economy marks 22 years of growth in Q2 Tuesday, Sep 03, 2013 08:11 PM PDT  By Wayne Cole SYDNEY (Reuters) - Australia's economy grew moderately last quarter as modest gains in consumer and government spending offset a very flat performance elsewhere, though there was still scant sign of a much-needed recovery in business investment. The Australian Bureau of Statistics reported gross domestic product (GDP) rose 0.6 percent in the second quarter, from the previous quarter when it rose 0.5 percent. That was enough to send the local dollar higher as there had been fears the report would be much weaker. ... Full Story | Top |
| UAW president pushes for 'works council' at VW Tennessee plant Tuesday, Sep 03, 2013 07:22 PM PDT  By Bernie Woodall and Andreas Cremer (Reuters) - United Auto Workers President Bob King met with Volkswagen AG and German labor leaders last Friday in an attempt to move toward German-style worker representation at the VW plant in Chattanooga, Tennessee, German union sources said on Tuesday. Union officials in Germany who wished to remain anonymous said on Tuesday that the 2,500 Volkswagen workers at the Chattanooga plant may be briefed as soon as this week on efforts to bring the matter to a vote and on the UAW's willingness to back that vote. ... Full Story | Top |
| Analysis: Under new management, scandal-hit PetroChina changes course Tuesday, Sep 03, 2013 07:06 PM PDT  By Charlie Zhu HONG KONG (Reuters) - PetroChina Co Ltd's days of super-charged spending may be over as the Chinese national oil giant seeks to steer clear of the legacy of former chairman Jiang Jiemin, now under an official corruption probe. PetroChina will likely record an annual drop in capital spending for 2013, according to company officials and industry specialists. That would be its first such decline since its Hong Kong and New York stock market listings in 2000. ... Full Story | Top |
| Second Los Angeles porn performer in two weeks says he has HIV Tuesday, Sep 03, 2013 06:56 PM PDT By Sharon Bernstein LOS ANGELES (Reuters) - A trade group representing producers of pornographic movies in Los Angeles on Tuesday called on the sexual partners of a porn actor to be tested for the virus that causes AIDS, after he apparently claimed to have tested positive. However, the group, the Free Speech Coalition, stepped short of calling for a moratorium on adult film productions. A series of twitter messages on Tuesday from the account of an actor who goes by the stage name Rod Daily saying that he had contracted the virus "appear to be authentic," the coalition said in a statement. ... Full Story | Top |
| Planned LinkedIn $1 billion stock offer is for expansion, products Tuesday, Sep 03, 2013 06:07 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - LinkedIn Corp said on Tuesday it will sell an additional $1 billion of its Class A common stock as the Internet company moves to bolster product development and perhaps make more acquisitions. LinkedIn shares, which have more than doubled this year, were down 2.3 percent at $240.49 in after hours trading on Tuesday following its announcement about the secondary share offering. LinkedIn, which had roughly $900 million in cash and short-term securities at the end of June, did not specify when the secondary offering would take place. ... Full Story | Top |
| How ‘The Conjuring,' ‘We're the Millers' became New Line's unlikely summer smashes Tuesday, Sep 03, 2013 06:05 PM PDT  By Brent Lang LOS ANGELES (TheWrap.com) - In a summer of superheroes, cartooned critters and bloated budgets, New Line Cinemas beat the odds by betting on a pair of low-cost films that defied expectations to become two of the most profitable hits of the year. Going into blockbuster season, "The Conjuring" and "We're the Millers" were barely a blip on the radar. The talk was squarely centered on "Iron Man 3″ and "Man of Steel," with very little buzz left over for a gross-out comedy about an unlikely tribe of drug mules and a horror film without any A-list stars. ... Full Story | Top |
| Jim Sciutto named CNN's chief national security correspondent Tuesday, Sep 03, 2013 06:02 PM PDT By Greg Gilman LOS ANGELES (TheWrap.com) - Jim Sciutto has been named CNN's chief national security correspondent, effective immediately, the news organization said Tuesday. Sciutto, a former senior foreign correspondent for ABC News, will appear across the network's programs and platforms. He will be responsible for reporting and providing analysis on all aspects of U.S. national security, including foreign policy, the military, terrorism, and the intelligence community. Sciutto began his career as the moderator and producer of a weekly public affairs talk show on PBS. ... Full Story | Top |
| ‘Storage Wars' lawsuit: Dave Hester gets go-ahead for wrongful termination claim Tuesday, Sep 03, 2013 06:01 PM PDT By Tim Kenneally LOS ANGELES (TheWrap.com) - Did former "Storage Wars" star Dave Hester get some good news from the legal system on Tuesday? Yuup. Hester, who claims that he was fired from the A&E reality show after complaining that the show was rigged, will be allowed to go forward with his wrongful termination claim against the cable network, a judge said Tuesday. ... Full Story | Top |
| Jason Reitman, Jon Favreau, Paul Feig to appear in Kevin Pollak's comedy documentary Tuesday, Sep 03, 2013 05:59 PM PDT  By Jeff Sneider LOS ANGELES (TheWrap.com) - Veteran comedian Kevin Pollak has signed on to direct the documentary "Misery Loves Comedy" for producers Becky Newhall of Newaley Pictures and Burton Ritchie and Ben Galecki of Heretic Films. "Misery Loves Comedy" will explore the mind of the stand-up comic and all those who choose to write or perform comedy as a profession. ... Full Story | Top |
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