Saturday, June 29, 2013

Daily News: Reuters Business News Headlines - Rolling Stones set stage alight in Glastonbury debut

Saturday, Jun 29, 2013 06:06 PM PDT
Today's Reuters Business News Headlines - Yahoo! News:

Rolling Stones set stage alight in Glastonbury debut 
Saturday, Jun 29, 2013 06:06 PM PDT
Ronnie Wood, Mick Jagger and Keith Richards of the Rolling Stones perform on the Pyramid Stage at Glastonbury music festival at Worthy Farm in SomersetBy Belinda Goldsmith and Isla Binnie PILTON, England (Reuters) - The Rolling Stones lived up to their reputation as one of the greatest rock'n'roll bands when they played to more than 100,000 revelers on Saturday during their first performance at Glastonbury, the world's best-known music festival. Despite an average age of 69, the four band members strutted, strummed and shrieked their way through a set lasting over two hours that began with "Jumping' Jack Flash" and ended with fireworks exploding off the stage during "Satisfaction". ...
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U.S. bugged EU offices, computer networks: German magazine 
Saturday, Jun 29, 2013 03:43 PM PDT
Former large monitoring base of US intelligence organization NSA in Bad AiblingBERLIN (Reuters) - The United States has bugged European Union offices and gained access to EU internal computer networks, according to secret documents cited in a German magazine on Saturday, the latest in a series of exposures of alleged U.S. spy programs. Der Spiegel quoted from a September 2010 "top secret" U.S. National Security Agency (NSA) document that it said fugitive former NSA contractor Edward Snowden had taken with him, and the weekly's journalists had seen in part. ...
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U.S. investigating brake problem with some Honda Odysseys 
Saturday, Jun 29, 2013 03:01 PM PDT
The Honda 2014 Odyssey minivan is displayed during the New York International Auto ShowCHICAGO (Reuters) - The U.S. National Highway Traffic Safety Administration is investigating a potential braking issue with Honda Motor Co's Honda Odyssey minivans that could cause them to brake without the driver touching the brake pedal. Earlier this week, the vehicle safety arm of the U.S. Department of Transportation said it was opening an investigation of the issue, which could affect nearly 344,000 vans from the 2007 and 2008 model years. ...
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Ex-U.S. spy agency chief wants controls on unchecked data access 
Saturday, Jun 29, 2013 01:39 PM PDT
National Intelligence Director McConnell listens to a question at a Senate Armed Service Committee hearing in WashingtonBy Poornima Gupta ASPEN, Colo. (Reuters) - Former National Security Agency director Mike McConnell, who now works for defense contractor Booz Allen Hamilton, said people employed to sift through classified government data should not have solo access to the information. McConnell, a Booz Allen vice chairman, was making one of his first public comments since former U.S. spy agency contractor and Booz Allen employee Edward Snowden revealed the agency's top-secret monitoring of phone and internet data. ...
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Gas leak at Intel Arizona plant sickens 43, sends 11 to hospital 
Saturday, Jun 29, 2013 12:37 PM PDT
PHOENIX (Reuters) - A gas leak at Intel Corp's second-biggest manufacturing plant, located in Chandler, Arizona, sickened up to 43 people, including 11 who were taken to a local hospital, company and local fire officials said on Saturday. One of the buildings at the sprawling processing plant was evacuated after the leak of gas, which was identified as nitrogen triflouride, said Battalion Chief Tom Dwiggins, a fire department spokesman. ...
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Egyptian rail workers jailed over train crash that killed 50 
Saturday, Jun 29, 2013 11:14 AM PDT
CAIRO (Reuters) - Two Egyptian railway workers were sentenced to 10 years in prison on Saturday over a train crash last year that killed 50 people, mostly children, and inflamed public anger at the country's shoddy transport network. A court in the southern city of Assiut found Hussein Abdelrahman and Sayed Abdel Radwan guilty of causing the crash last November due to negligence in performing their jobs as rail crossing guards, judicial sources said. It sentenced the men to 10 years in prison each and fined each 100,000 Egyptian pounds ($14,200). ...
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Rolling Stones aim to give crowd satisfaction at Glastonbury 
Saturday, Jun 29, 2013 10:48 AM PDT
Combination photo of the Rolling Stones performing at a concert during the band's "50 and Counting" tour in ChicagoBy Belinda Goldsmith PILTON, England (Reuters) - The Rolling Stones were gearing up for their debut performance at the Glastonbury music festival on Saturday, 50 years after starting out in the music business. More than 150,000 revelers descended on the festival in rural southwest England for a bill topped by a band still pulling in crowds despite an average age of 69. Organizers were carefully guarding details of the band's playlist for a set due to last over two hours. ...
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Axel Springer eyes cost cuts of over 20 million euros: CEO 
Saturday, Jun 29, 2013 09:45 AM PDT
Logos of the digital products of the Axel Springer media group are presented before a news conference on annual results in BerlinFRANKFURT (Reuters) - Germany's Axel Springer , Europe's largest newspaper publisher, is targeting at least 20 million euros ($26 million) of savings in a restructuring plan, its chief executive was quoted as saying. Chief Executive Mathias Doepfner told Sueddeutsche Zeitung in an interview on Saturday that structural changes in the media industry had brought a decline in advertising and circulation at its key Bild newspaper in the "high one-digit percentage range". "It would be negligent if one did not respond to that. ...
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Poland economic policy to protect growth:Tusk 
Saturday, Jun 29, 2013 09:30 AM PDT
Poland's Prime Minister Donald Tusk leaves after attending the funeral service of former British prime minister Margaret Thatcher at St Paul's Cathedral, in LondonCHORZOW (Reuters) - Prime Minister Donald Tusk said the government will run an economy balanced between fiscal discipline and economic expansion, signaling it will not sacrifice growth to spending cuts. The former communist country has posted nearly two decades of uninterrupted growth but its economy began to slow sharply last year and growth fell to near zero in the first quarter of 2013. Tusk said the government would be flexible in its approach to economic growth. ...
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Leading light in science, Italy's 'lady of the stars' Hack dies 
Saturday, Jun 29, 2013 08:50 AM PDT
By Naomi O'Leary ROME (Reuters) - Astrophysicist Margherita Hack, a popular science writer, public intellectual and the first woman to lead an astronomical observatory in Italy, died on Saturday at the age of 91. Known as the "lady of the stars", Hack's research contributed to the spectral classification of many groups of stars, and the asteroid 8558 Hack is named after her. ...
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Glastonbury hosts heaven, hell and haircuts alongside the music 
Saturday, Jun 29, 2013 08:41 AM PDT
Festival goers play rounders with a wellington boot and a beer can on the first day of Glastonbury music festival at Worthy Farm in SomersetBy Isla Binnie PILTON, England (Reuters) - Tomato fights, anarchic gymnasts and astrophysics drew festival-goers of all ages away from the mainstream music acts at Britain's Glastonbury festival this weekend. The 1,500 hippies who paid one pound ($1.52) to attend the first Glastonbury festival in 1970 would barely recognize the massive three-day event, where around 150,000 fans were watching 2,000 acts on 58 stages, alongside thousands of workshops and stalls. ...
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France to seek 14 billion euros in cuts next year: paper 
Saturday, Jun 29, 2013 08:37 AM PDT
France's President Hollande addresses a news conference during European Union leaders summit in BrusselsPARIS (Reuters) - France will pursue 14 billion euros ($18.2 billion) in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015, Le Monde reported. France's Socialist government aims to tame the deficit by trimming ministerial budgets, cutting state aid to companies and reducing local government funding. With the economy back in a shallow recession, jobless claims at an all-time high and his approval ratings around 30 percent, President Francois Hollande has been reluctant to accelerate the cuts. ...
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Siemens to cut 1,700 jobs in energy operations: report 
Saturday, Jun 29, 2013 08:14 AM PDT
Employees of German industrial group Siemens are reflected in company logo in BerlinFRANKFURT (Reuters) - Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business, a German magazine reported on Saturday, citing an unnamed senior manager. WirtschaftsWoche said the unit's main production facilities in Erlangen and Offenbach and a plant in Muelheim an der Ruhr would be affected by the cost-cutting drive. Around 140 jobs at Muelheim, where Siemens makes steam turbines, will be cut, the magazine said, citing labor representative sources. A spokesman for the Siemens group declined comment to Reuters. ...
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German finance minister slams Irish bankers as 'aloof super humans' 
Saturday, Jun 29, 2013 07:36 AM PDT
German Finance Minister Schaeuble gestures as he addresses a news conference to presents 2014 federal budget bill in BerlinBERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them "aloof super humans" worthy of contempt. Schaeuble's remarks quoted by an edition of Frankfurter Allgemeine Sonntagszeitung to be published on Sunday echoed comments by Chancellor Angela Merkel on Friday. Transcripts of telephone conversations from 2008 between bankers at Anglo Irish Bank have caused outrage in Ireland and beyond in recent days. ...
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Jordan's first quarter economic growth rises to 2.6 percent 
Saturday, Jun 29, 2013 06:57 AM PDT
Jordan's King Abdullah speaks during the closing ceremony of the World Economic Forum on the Middle East and North Africa at the King Hussein Convention Centre, at the Dead SeaAMMAN (Reuters) - Economic growth in Jordan picked up to 2.6 percent year-on-year in the first quarter from 2.2 percent in the fourth quarter, central statistics office data showed on Saturday. The International Monetary Fund (IMF) said earlier this year it expects the economy to expand above 3 percent in 2013, reflecting an increase in government capital spending, a recovery in exports and higher domestic consumption. Other signs of recovery include foreign reserves which have been boosted by at least $1. ...
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