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| Upbeat Japan data cheers Nikkei, Asia - gold slumps Thursday, Jun 27, 2013 08:53 PM PDT  By Ian Chua SYDNEY (Reuters) - Asian shares rose for a third day on Friday led by a sharp rally in Tokyo's Nikkei, which is on track to end the first half of the year up a barnstorming 31 percent. Gold, however, plumbed fresh three-year lows with investors battered and bruised after a 30 percent drop this year. Analysts suspect the recent leg lower was due in part to forced liquidations of positions and quarter-end selling by funds. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.9 percent, pulling further away from an 11-month low and wiping out this week's losses. ... Full Story | Top |
| Japan business mood seen turning positive: BOJ tankan Thursday, Jun 27, 2013 08:44 PM PDT  By Leika Kihara TOKYO (Reuters) - Japanese manufacturers' sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey is likely to show on Monday in a sign recent market turbulence has yet to hurt the feel-good mood created by the government's reflationary policies. The Bank of Japan's "tankan" survey will likely show the headline index for big manufacturers' sentiment improved 11 points from three months ago to plus 3, according to a Reuters poll. ... Full Story | Top |
| UK consumer morale hits two-year high in June - GfK Thursday, Jun 27, 2013 08:39 PM PDT  LONDON (Reuters) - British consumer morale has risen to its highest level in just over two years this month, boosted by increasing optimism about the economy and a greater willingness among households to splash out on big purchases. Market research company GfK said on Friday that its monthly consumer confidence index rose to -21 in June from -22 in May. That was its highest level since May 2011 and matched expectations in a Reuters poll. The data adds to signs from industry surveys that Britain's still-weak economy is gaining steam. The Bank of England forecasts 0. ... Full Story | Top |
| NASA telescope to probe long-standing solar mystery Thursday, Jun 27, 2013 08:06 PM PDT  By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - A small NASA telescope was launched into orbit on Thursday on a mission to determine how the sun heats its atmosphere to millions of degrees, sending off rivers of particles that define the boundaries of the solar system. The study is far from academic. Solar activity directly impacts Earth's climate and the space environment beyond the planet's atmosphere. Solar storms can knock out power grids, disrupt radio signals and interfere with communications, navigation and other satellites in orbit. ... Full Story | Top |
| Japan prices stop falling but BOJ inflation goal seen a tall order Thursday, Jun 27, 2013 08:02 PM PDT  By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) - Japan's consumer prices stopped falling in May and labor demand reached its strongest level in five years, but the Bank of Japan's time frame for achieving a 2 percent inflation target still appears unlikely. Industrial output rose at its fastest pace since 2011, in a sign of strength in the corporate sector, but an unexpected fall in household spending may raise some concerns about activity. ... Full Story | Top |
| He will be back: 'Terminator' film franchise gets trilogy reboot Thursday, Jun 27, 2013 06:58 PM PDT  LOS ANGELES (Reuters) - The popular "Terminator" film franchise will be resurrected in a new stand-alone trilogy, with the first installment slated to open in theaters on June 26, 2015, Hollywood studio Paramount Pictures said on Thursday. The "Terminator" franchise about an assassin cyborg portrayed by Arnold Schwarzenegger has grossed more than $1 billion over three films since it debuted in 1984. It is unknown if Schwarzenegger, 65, will reprise his most famous role. ... Full Story | Top |
| Book Talk: Scholar unearths Rose Kennedy's less public side Thursday, Jun 27, 2013 06:27 PM PDT  By Suzanne Barlyn NEW YORK (Reuters) - Rose Kennedy's public image as the stoic matriarch of America's most famous political family is one that she carefully cultivated, but writer Barbara Perry reveals a more vulnerable side in "Rose Kennedy: The Life and Times of a Political Matriarch." The biography of Rose Kennedy, who lived to age 104, includes hundreds of details from her voluminous personal diaries and letters made public by the John F. Kennedy Presidential Library and Museum in 2006. ... Full Story | Top |
| Cengage Learning may file for bankruptcy protection soon: WSJ Thursday, Jun 27, 2013 06:10 PM PDT (Reuters) - Textbook publisher Cengage Learning Acquisitions Inc may file for bankruptcy protection in the coming days, the Wall Street Journal said, citing people familiar with the matter. The publisher, which is owned by British investment firm Apax Partners, is currently negotiating a prearranged bankruptcy restructuring with senior creditors and plans to seek Chapter 11 court protection as early as July 5, the Journal said. ... Full Story | Top |
| Europe clinches deals on banks, budget, youth jobless Thursday, Jun 27, 2013 06:08 PM PDT  By Luke Baker and Paul Taylor BRUSSELS (Reuters) - European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget gave their summit a much needed lift. The 27 leaders resolved to spend 6 billion euros over the next two years to support job creation, training and apprenticeships for young people, and to raid unspent EU budget funds to keep the effort going thereafter. ... Full Story | Top |
| Sailing-NZ, Luna Rossa to appeal America's Cup changes Thursday, Jun 27, 2013 05:58 PM PDT By Greg Stutchbury and Ronnie Cohen WELLINGTON/SAN FRANCISCO (Reuters) - Team New Zealand and Italy's Luna Rossa Challenge plan to appeal late changes to the America's Cup sailing regatta in San Francisco following a fatal training accident by Swedish challenger Artemis in May. Team New Zealand (TNZ) said they would ask the America's Cup jury to determine whether regatta director Iain Murray had exceeded his jurisdiction in unilaterally changing the AC72 class rules. ... Full Story | Top |
| Former Warner Music Intern Files a Second Lawsuit Thursday, Jun 27, 2013 05:44 PM PDT By Tim Kenneally LOS ANGELES (TheWrap.com) - A former Warner Music Group intern who's suing the music company has filed a second suit, this time against a New York City recording studio. In a class-action complaint filed in U.S. District Court in New York on Wednesday, Justin Henry says that he worked for Chung King studios from October 2008 until August 2010. During that time, Henry says, he wasn't paid minimum wage and didn't receive overtime compensation. The class-action suit claims that he wasn't the only one to endure such alleged treatment. ... Full Story | Top |
| Wall Street watchdog scraps controversial supervision plan Thursday, Jun 27, 2013 05:04 PM PDT By Suzanne Barlyn (Reuters) - Wall Street's industry-funded watchdog has scrapped a controversial plan that would have required brokerages to supervise business lines that are not related to the securities industry, according to a recent regulatory filing. The Financial Industry Regulatory Authority, in a long-awaited proposal that would streamline rules for how brokerages should supervise themselves, dropped the idea it had initially proposed to the U.S. Securities and Exchange Commission in 2011. ... Full Story | Top |
| Celebrity chef Paula Deen loses more deals, but book sales soar Thursday, Jun 27, 2013 05:04 PM PDT  By Piya Sinha-Roy LOS ANGELES (Reuters) - U.S. celebrity chef Paula Deen saw more lucrative deals evaporate on Thursday despite her renewed apologies for using a racial slur, as retailer Target Corp and drug company Novo Nordisk A/S joined the list of sponsors distancing themselves from the doyenne of Southern cooking. But in a sign that Deen could make a comeback, her upcoming cookbook "Paula Deen's New Testament," which features "lightened up" recipes, shot to the top of the Amazon books best-sellers list this week on pre-orders for the October 15 release. ... Full Story | Top |
| New York Times receives multiple bids for Boston Globe: source Thursday, Jun 27, 2013 05:00 PM PDT By Jennifer Saba (Reuters) - The New York Times Co has received multiple bids for The Boston Globe, according to a source familiar with the auction of the daily newspaper. The size and the precise number of the bids by the deadline at 5 pm EDT was not immediately clear though it is likely the New York Times will receive less than 10 percent of the $1.1 billion that it paid for the Globe 20 years ago. It is the second time that the company has put the paper, and its smaller sister publication, the Worcester Telegram & Gazette, on the block. ... Full Story | Top |
| U.S. charges Chinese wind company with stealing trade secrets Thursday, Jun 27, 2013 04:59 PM PDT Msc.oLOS ANGELES (Reuters) - Chinese wind turbine maker Sinovel Wind Group Co and two of its employees were charged with stealing trade secrets from U.S.-based AMSC by the Department of Justice (DoJ) on Thursday. A federal grand jury in the Western District of Wisconsin returned an indictment leveling theft charges on Sinovel, two of its employees and a former employee of AMSC, a Devens, Massachusetts-based company that provided wind turbine design, engineering services and power electronics and controls to Sinovel. Authorities said the theft allegedly cost AMSC $800 million. ... Full Story | Top |
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