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| China shares extend bear slump, pull down rest of Asia Monday, Jun 24, 2013 09:10 PM PDT  By Chikako Mogi TOKYO (Reuters) - Chinese shares sank deeper into bear market territory on Tuesday, pulling down most other Asian stock markets, as worries spread that tight liquidity could threaten China's economic growth and take the shine off an emerging U.S. recovery. Commodities also fell, with copper hovering near a three-year low, on fears of weaker Chinese demand. At 03:25 GMT, the CSI300 of the leading Shanghai and Shenzhen listings was down 4.5 percent at its lowest since February 2009. The Shanghai Composite Index slid 3.8 percent to its lowest since January 2009. ... Full Story | Top |
| BlackBerry launches service to manage Android, Apple devices Monday, Jun 24, 2013 09:04 PM PDT  By Euan Rocha TORONTO (Reuters) - BlackBerry launched a service on Tuesday allowing government agencies and corporate clients to secure and manage devices powered by Google Inc's Android platform and Apple Inc's iOS operating system. The long-anticipated offering, which BlackBerry had said would come out around mid-year, could help the company sell high-margin services to its large clients even if many, or all, of their workers are using smartphones made by its competitors. ... Full Story | Top |
| Microsoft to bring 'Age of Empires' to Apple, Android phones Monday, Jun 24, 2013 07:57 PM PDT  By Malathi Nayak and Tim Kelly SAN FRANCISCO/TOKYO (Reuters) - Microsoft Corp will offer its popular "Age of Empires" game for Apple Inc's iPhone and other smartphones through a tie-up with Japan's KLab Inc, seeking to capture growth in a booming mobile game market. Microsoft's gaming business is dependent primarily on its Xbox franchise but mobile devices have been eating into the gaming industry, luring consumers away from traditional consoles. ... Full Story | Top |
| Singapore smog eases as Indonesian planes waterbomb fires Monday, Jun 24, 2013 07:49 PM PDT  By John O'Callaghan and Chris Nusatya SINGAPORE/JAKARTA (Reuters) - Air quality in Singapore improved significantly to "moderate" pollution levels on Saturday, as Indonesian planes waterbombed raging forest fires and investigators scrambled to determine the cause of one of Southeast Asia's worst air pollution crises. Indonesia's environment minister said eight domestic firms were suspected of being responsible for the blazes on Sumatra island that blanketed neighboring Singapore in record levels of hazardous smog. ... Full Story | Top |
| Nissan CEO Ghosn says was paid $10.1 million in FY 2012/13 Monday, Jun 24, 2013 07:33 PM PDT  YOKOHAMA, Japan (Reuters) - Nissan Motor Co Chief Executive Carlos Ghosn said he was paid 988 million yen ($10.1 million) in the financial year that ended in March, little changed from the previous year and putting him among the highest-paid executives in Japan. The 0.1 percent increase in Ghosn's annual compensation came after Japan's second-biggest automaker saw its operating profit margin decline to 5.4 percent last financial year, lagging rivals Toyota Motor Corp and Honda Motor Co . ... Full Story | Top |
| Exclusive: Japan's Meiji Yasuda nears deal for Thai Life stake - sources Monday, Jun 24, 2013 07:32 PM PDT  By Taiga Uranaka and Denny Thomas TOKYO/HONG KONG (Reuters) - Meiji Yasuda Life Insurance Co has entered into exclusive talks to buy a 15 percent stake in Thai Life Insurance Co for around $700 million, people familiar with the matter told Reuters, as Japanese insurers step up their presence in Southeast Asia. Meiji Yasuda, Japan's second-largest life insurer by premium income after Nippon Life Insurance Co, beat Sumitomo Life Insurance Co to enter final negotiations, in an auction that had attracted private equity firms Carlyle Group , KKR & Co and CVC Capital Partners, the people said. ... Full Story | Top |
| Exclusive: Men's Wearhouse founder clashed with CEO, mulls comeback Monday, Jun 24, 2013 07:26 PM PDT By Nadia Damouni and Siddharth Cavale (Reuters) - Tensions started rising at Men's Wearhouse Inc over the past six months, as founder and executive chairman George Zimmer increasingly butted heads with his handpicked CEO over the clothing retailer's strategy. CEO Doug Ewert wanted to sell the company's K&G Fashion Superstore business, while Zimmer wanted to keep it, two sources familiar with the situation said. Zimmer also objected to rising compensation for top executives, including Ewert, while the board thought it was appropriate, the sources said. Zimmer, who is known to U.S. ... Full Story | Top |
| Brazil's Rousseff calls for constitutional vote to quell protests Monday, Jun 24, 2013 07:15 PM PDT  By Brad Haynes and Maria Carolina Marcello SAO PAULO/BRASILIA (Reuters) - Brazilian President Dilma Rousseff sought to overcome a sudden wave of national discontent with a surprising call on Monday for a referendum on what would be the country's most ambitious political reform in decades. Rouseff proposed a national vote on amending Brazil's constitution in a meeting with governors and mayors the week after the country's largest protests in 20 years jolted politicians of all stripes. ... Full Story | Top |
| Indiana grain silo explosion kills employee Monday, Jun 24, 2013 06:57 PM PDT By Brendan O'Brien (Reuters) - An explosion in a grain silo killed an employee at an agricultural co-op in rural northwestern Indiana on Monday, authorities said. James Swank, 67, of Union Mills was killed in the afternoon explosion at the Co-Alliance fertilizer and grain facility in Union Mills, some 70 miles southeast of Chicago, the LaPorte County Sheriff's Department said. The cause of the blast was unknown. Initially, the Sheriff's Department said the explosion was at a fertilizer plant. ... Full Story | Top |
| Draper's dark descent in 'Mad Men' finale draws 2.7 million viewers Monday, Jun 24, 2013 06:16 PM PDT  LOS ANGELES (Reuters) - The sixth season finale of the Emmy-winning drama "Mad Men" was watched by 2.7 million viewers, matching last season's record high, as the AMC period-advertising series wrapped up a season of change for lead ad man Don Draper. U.S. cable channel AMC said on Monday that the finale to the 13-episode season was the network's highest rated, citing a 5 percent growth in its share of television viewers this year. While the overall viewership was stable, there was a drop in viewers within the 25-54 age demographic coveted by advertisers, with 1. ... Full Story | Top |
| BRICS seek to limit fallout of U.S. stimulus withdrawal Monday, Jun 24, 2013 06:09 PM PDT By Alonso Soto BRASILIA (Reuters) - Major emerging-market nations will work together to limit the effects that a strong U.S. dollar could have on their economies as the Federal Reserve signals plans to scale back its massive stimulus program, the Brazilian government said on Monday. Brazilian President Dilma Rousseff and her Chinese counterpart, Xi Jinping, discussed ways to strengthen policy coordination on Monday in a telephone conversation, said Thomas Traumann, spokesman for the Brazilian government. ... Full Story | Top |
| Calgary races to save Stampede as flood costs mount Monday, Jun 24, 2013 05:46 PM PDT  By Scott Haggett and Nia Williams CALGARY, Alberta (Reuters) - Calgary will push ahead with its annual Stampede festival on July 5, a marquee event that draws a million people, despite massive flooding that swamped the venue and left the downtown of Canada's oil capital without power, officials said on Monday. The worst flooding in decades late last week turned streets in Calgary and other towns in southern Alberta into fast-running rivers, wreaking damage that will likely cost billions of dollars for repairs and clean-up operations. ... Full Story | Top |
| 'Family Ties' creator Gary David Goldberg dies at age 68 Monday, Jun 24, 2013 05:33 PM PDT By Alex Dobuzinskis LOS ANGELES (Reuters) - Gary David Goldberg, whose hit 1980s television sitcom "Family Ties" gave a warm portrayal of generational conflict and launched the acting career of Michael J. Fox, has died at age 68, his son-in-law said on Monday. Goldberg died of a brain tumor on Saturday at his home in Montecito, California, said his son-in-law Rob Dubbin. "Family Ties" aired between 1982 and 1989 on network NBC and ranked second only to "The Cosby Show" in viewership between 1985 and 1987. ... Full Story | Top |
| Science fiction author Richard Matheson dead at 87 Monday, Jun 24, 2013 05:21 PM PDT LOS ANGELES (Reuters) - U.S. science-fiction and horror author Richard Matheson, whose novels and stories, including "I Am Legend" and "The Shrinking Man," were adapted for the big screen and television, has died, the Writers Guild of America said on Monday. He was 87. The Writer's Guild, of which Matheson was a member, did not announce where or when the author died nor a cause of death. Matheson, who was born in Allendale, New Jersey, in 1926 and raised in Brooklyn, New York, first began publishing science-fiction and horror stories in the 1950s. ... Full Story | Top |
| Cash hard to raise as Fed jars credit markets Monday, Jun 24, 2013 05:19 PM PDT  (Reuters) - Prospective borrowers ranging from U.S. companies to county governments on Monday shelved a raft of deals to raise new capital or refinance debt as a suddenly uncertain interest rate environment dented demand. In the municipal bond market, half a dozen deals aimed at raising collectively more than $300 million were postponed, while several companies pulled plans to refinance syndicated bank loans. Corporate bonds, meanwhile, passed a fourth day with no deals brought to market, either in the risky high-yield sector or the safer investment-grade sphere. ... Full Story | Top |
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