Saturday, March 1, 2014

Daily News: Reuters Business News Headlines - Elderly driver crashes truck into Las Vegas store, injuring 26

Saturday, Mar 01, 2014 07:10 PM PST
Today's Reuters Business News Headlines - Yahoo News:

Elderly driver crashes truck into Las Vegas store, injuring 26 
Saturday, Mar 01, 2014 07:10 PM PST
(Reuters) - An elderly driver accidentally crashed her pickup truck into a Las Vegas grocery store on Saturday, injuring 26 people and sending nine to the hospital, police said. It was unclear why the woman, who was in her mid-80s, drove into the Food 4 Less store but it did not appear to be deliberate, said Lieutenant Ken Romane of the Las Vegas Metropolitan Police Department.
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Toronto's oft-lampooned mayor to guest on "Jimmy Kimmel" -reports 
Saturday, Mar 01, 2014 06:31 PM PST
Toronto Mayor Ford celebrates Team Canada's gold medal win over Sweden in the men's ice hockey gold medal game at the Sochi 2014 Winter Olympic Games, in TorontoToronto Mayor Rob Ford, who became a popular target for late-night TV hosts after admitting to smoking crack cocaine in a "drunken stupor", will appear on "Jimmy Kimmel Live!" and may join the comedian at the Oscars, Canadian media reported on Saturday. The Toronto Sun newspaper said Ford is scheduled to be on the Jimmy Kimmel show Monday night and is "looking forward to promoting Toronto on the world stage." The article also quoted Ford as saying he would attend this year's Academy Awards, though another report by a local TV news channel said a plan for Ford to attend the ceremony with Kimmel was not confirmed.
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F/A-18 fighter jet crashes during training in Nevada 
Saturday, Mar 01, 2014 06:26 PM PST
A U.S. Navy F/A-18C Hornet fighter jet crashed Saturday during a training mission near a Nevada air base, the Navy said. The status of the pilot was not immediately clear, Navy spokesman Commander Ryan Perry said in a statement. Perry said an investigation would be conducted to determine the cause of the crash, which occurred on a training range about 70 miles east of Naval Air Station Fallon in Nevada. The F/A-18C Hornet is a single-seat fighter jet built by Boeing Co beginning in 1987.
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California governor signs $687 million drought relief legislation 
Saturday, Mar 01, 2014 05:46 PM PST
California Governor Brown announces emergency drought legislation at the CalO ES State Operations Center in MatherCalifornia Governor Jerry Brown on Saturday signed into law a $687 million drought-relief package to deal with a water shortage he has called the worst in the state's modern history. The largest share of the drought relief package - $549 million - comes from accelerated spending of bond money voters previously approved in two ballot propositions. Those measures will fund storm water recapturing, expanded use of recycled water, better management of groundwater storage and stronger water conservation measures. While much of the United States has been pummeled by a series of snow storms, California in recent months has struggled with a drought that threatens to inflict the worst water crisis in recorded state history.
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'12 Years a Slave,' Oscar frontrunners sweep Spirit Awards 
Saturday, Mar 01, 2014 05:32 PM PST
Actress Nyong'o and director McQueen pose with their awards for "12 Years a Slave" backstage at the 2014 Film Independent Spirit Awards in Santa MonicaBy Piya Sinha-Roy SANTA MONICA, California (Reuters) - Harrowing slavery drama "12 Years a Slave" swept the Independent Spirit Awards on Saturday with five wins, just one day ahead of the Oscar ceremony on Sunday. "12 Years a Slave" won five of its seven nominations at the awards show for independent movies made on small budgets, including the top award for best feature. Oscar frontrunners Cate Blanchett, Matthew McConaughey, Jared Leto and Lupita Nyong'o also took home Spirit Award trophies on the eve of the movie industry's biggest honors.
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Venezuela government says foes seek to slam it at Oscars 
Saturday, Mar 01, 2014 05:21 PM PST
By Daniel Wallis CARACAS (Reuters) - Venezuela's government said "right-wing extremists" were lobbying in Hollywood for movie stars to denounce President Nicolas Maduro's socialist administration from the stage at Sunday's Academy Awards. Venezuela has been rocked by its worst unrest in a decade, with at least 17 people killed in violence around opposition demonstrations and clashes between hooded protesters, security forces, and pro-government militants. Maduro's critics are demanding he quit and accuse him of repression, while the president says "fascists" working with U.S. financiers want to engineer a coup like the one in 2002 that briefly toppled his predecessor, Hugo Chavez. "Right-wing extremists are lobbying in Hollywood, looking for pronouncements against Venezuela at the Oscars!" Information Minister Delcy Rodriguez said on her Twitter account @DrodriguezMinci on Saturday.
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Putin ready to invade Ukraine; Kiev warns of war 
Saturday, Mar 01, 2014 05:18 PM PST
Armed servicemen stand near Russian army vehicles outside a Ukrainian border guard post in the Crimean town of BalaclavaBy Lidia Kelly and Pavel Polityuk MOSCOW/KIEV (Reuters) - Russian President Vladimir Putin demanded and won his parliament's approval on Saturday to invade Ukraine, where the new government warned of war, put its troops on high alert and appealed to NATO for help. Putin's open assertion of the right to send troops to a country of 46 million people on the ramparts of central Europe creates the biggest confrontation between Russia and the West since the Cold War. Troops with no insignia on their uniforms but clearly Russian - some in vehicles with Russian number plates - have already seized Crimea, an isolated peninsula in the Black Sea where Moscow has a large military presence in the headquarters of its Black Sea Fleet. Kiev's new authorities have been powerless to stop them.
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Abenomics struggles to deliver Japan public works boom 
Saturday, Mar 01, 2014 05:04 PM PST
Japan's PM Abe speaks during a lower house budget committee session at the parliament in TokyoBy Antoni Slodkowski and Junko Fujita TOKYO (Reuters) - When Tokyo asked for bidders to build what is expected to be the world's largest fish market on the city's vacant eastern edge there were no takers. In a graphic illustration of how the hopes for "Abenomics" are falling short, the city was forced to raise by two-thirds its budget for the project to more than $1 billion before some of Japan's top construction companies stepped forward. "Wages and material costs are rising, and that's why we failed to attract bidders the first time we tried," said Koji Ishii, a city official overseeing the project, on a sprawl of landfill at Toyosu, next to Tokyo Bay. Tokyo's predicament highlights a deeper problem for Prime Minister Shinzo Abe's economic revival plan for Japan, comprising his "three arrows" of hyper-easy monetary policy, fiscal spending and growth-generating structural reform.
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Factbox: List of winners at the Independent Spirit Awards 
Saturday, Mar 01, 2014 05:00 PM PST
SANTA MONICA, California (Reuters) - The Independent Spirit Awards handed out accolades on Saturday for the best films and performances of 2013. The awards, sponsored by Los Angeles-based Film Independent, are the top honors in the United States for independent movies made for less than $20 million. Following is a list of winners. ...
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China blames Xinjiang militants for deadly attack at station 
Saturday, Mar 01, 2014 04:45 PM PST
Police investigate after a group of armed men attacked people at Kunming railway station, Yunnan provinceBy Ben Blanchard BEIJING (Reuters) - China blamed militants from the restive far western region of Xinjiang on Sunday for an attack at a train station on the other side of the country by knife-wielding "terrorists" in which at least 33 died, including four of the assailants, who were shot dead. The attack, in the balmy southwestern city of Kunming late on Saturday evening, marks a major escalation in the simmering unrest which had centered on Xinjiang, a heavily Muslim region strategically located on the borders of Central Asia. It is the first time people from Xinjiang have been blamed for carrying out such a large-scale attack so far from their homeland, and follows an incident in Beijing's Tiananmen Square in October which shook the country's Communist leadership. China has stepped up security in Xinjiang after a vehicle ploughed into tourists on the edge of Tiananmen Square, killing the three people in the car and two bystanders.
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LG Chem CEO says mulls electric car battery plant in China 
Saturday, Mar 01, 2014 04:05 PM PST
Chief executive of LG Chem said that the South Korean company was considering building an electric vehicle battery plant in China, expecting Beijing's efforts to tackle air pollution to drive demand. Park Jin-soo also said LG Chem, which currently supplies electric-car batteries for General Motors Co's Volt and Renault cars, will double the number of its customers to 20 in the near future. "We are considering it (the China car battery plant), which should be in line with market demand," Park said at a press briefing on Friday embargoed until Sunday morning. LG Chem currently has a factory in Nanjing, China producing small batteries for smartphones and other mobile devices, and Park said the firm is looking at not only Nanjing and other sites for the potential car battery factory.
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At least 28 die in 'terrorist' attack at Chinese train station: reports 
Saturday, Mar 01, 2014 02:33 PM PST
Police investigate after a group of armed men attacked people at Kunming railway station, Yunnan provinceBy Ben Blanchard BEIJING (Reuters) - At least 28 people were killed by knife-wielding attackers in a "violent terrorist attack" at a train station in the southwestern Chinese city of Kunming, and police shot dead five of the assailants, state media said on Sunday. Another 113 people were wounded, the official Xinhua news agency said, revising down a previous higher figure. "It was an organized, premeditated violent terrorist attack," Xinhua said. "They just fell on the ground." Graphic pictures on the Twitter-like microblogging service Sina Weibo showed bodies covered in blood lying on the ground at the station.
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West voices alarm on Crimea, urges Russia to respect Ukraine sovereignty 
Saturday, Mar 01, 2014 02:29 PM PST
The West expressed alarm on Saturday over fast-moving developments in Ukraine's Crimea, urging all sides to avoid further escalation and calling on Russia to respect Ukraine's sovereignty. A week after violent protests forced Russian-backed President Viktor Yanukovich to abandon power in Kiev, Ukraine's new leaders say Russia is trying to take control of the southern Crimea region, which has a majority ethnic Russian population. France, Britain and Germany issued calls for de-escalation in Crimea hours after U.S. President Barack Obama warned that military intervention in the region would be deeply destabilizing and "carry costs".
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Exclusive: Fared Adib, senior Sprint executive, departing - memo 
Saturday, Mar 01, 2014 12:50 PM PST
Product Chief at Sprint, Adib watches on as Motorola Senior Vice President of Product Development, Mutricy speaks at a product launch in New YorkAnother senior executive is leaving Sprint Corp, the U.S. wireless company that has seen several key leaders exit since it was acquired last year by Japan's SoftBank Corp (9984.T). Fared Adib, a 12-year veteran of Sprint who was tapped by SoftBank to lead a new initiative last fall, has resigned from the Overland Park, Kansas-based company, according to an internal memo obtained by Reuters. "Fared has been serving on assignment as a senior executive with Sprint, SoftBank and Brightstar to explore the possibility of establishing a new buying entity," the memo said. We look forward to hearing more about his plans in the near future." David Owens, an executive in Sprint's product development unit, will succeed Adib, according to the memo.
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Exclusive: Ecobank CEO's contract must be terminated immediately - PIC letter 
Saturday, Mar 01, 2014 11:55 AM PST
French Finance Minister Baroin shakes hands with socialist party member Fabius at the MEDEF union summer forum in Jouy-en-JosasBy Matthew Mpoke Bigg ACCRA (Reuters) - The main shareholder in Ecobank , one of the biggest banks in sub-Saharan Africa, called on Saturday for its Ivorian chief executive Thierry Tanoh to be dismissed immediately. The South African government-owned Public Investment Corporation's (PIC) demand was made in a letter to the interim chairman of the bank, which is headquartered in Togo and is listed in Nigeria and Ghana and on the West African regional bourse BRVM.
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