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| Fed to keep buying bonds, but may point to plans to taper Tuesday, Jul 30, 2013 09:04 PM PDT  By Alister Bull WASHINGTON (Reuters) - The Federal Reserve likely will decide at the end of a policy meeting on Wednesday to continue buying bonds at an $85 billion monthly pace, but it could alter an accompanying statement to spell out the possibility of scaling back purchases later this year. Even if it does, the Fed is unlikely to clarify whether that process will begin in September, as financial markets expect, or later. Fed officials would prefer to see more evidence that the recovery in the job market is first fully entrenched. The 19 members of the U.S. ... Full Story | Top |
| Ride-sharing companies may lose 'bandit cab' stigma in California Tuesday, Jul 30, 2013 08:58 PM PDT  By Alex Dobuzinskis LOS ANGELES (Reuters) - Commercial ride-sharing services offered by moonlighting motorists but frowned on by licensed taxi drivers and some cities as "bandit" cab operations would gain new legitimacy in California under a plan proposed on Tuesday by state regulators. The draft rules to govern companies that already operate under such names as Lyft, SideCar and Uber, allowing passengers to electronically hail rides through smartphone applications, were unveiled by the state Public Utilities Commission (PUC) as taxi drivers continued to lobby against them. ... Full Story | Top |
| Accenture in talks to acquire rival Booz & Co: WSJ Tuesday, Jul 30, 2013 07:05 PM PDT  NEW YORK (Reuters) - Management consulting firm Accenture Plc is in talks to acquire rival Booz & Co, a deal that would beef up its strategy and operations consulting services, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Acquisition-hungry Accenture has this year announced it would be acquiring London-based global service design consultancy Fjord and digital marketing company Acquity Group as well as Mortgage Cadence, a loan origination software company. Representatives for Accenture were not available for comment after normal business hours. ... Full Story | Top |
| Cubist to pay up to $1.6 billion for two antibiotics makers Tuesday, Jul 30, 2013 06:57 PM PDT By Vrinda Manocha and Zeba Siddiqui (Reuters) - Cubist Pharmaceuticals Inc has agreed to pay up to $1.6 billion for Trius Therapeutics Inc and Optimer Pharmaceuticals Inc, expanding its heft in antibiotics at a time when the number of drug-resistant viruses are on the rise. The widely praised deals will give Cubist, one of the few big players in U.S. antibiotics in the United States, an additional $600 million to $1 billion in revenue on an annual basis from the companies' lead drugs. Antibiotics has often been shunned by many big pharma firms as a field of research due to poor returns. ... Full Story | Top |
| Sexuality under the microscope in Showtime's 'Masters of Sex' series Tuesday, Jul 30, 2013 06:54 PM PDT  By Piya Sinha-Roy BEVERLY HILLS, California (Reuters) - The sexual revolution has been well-documented on TV shows like HBO's "Sex and the City," but a new Showtime drama "Masters of Sex" turns the lens on the pioneering couple who started the public conversation about sexuality. The show, which premieres on September 29, explores the early relationship of groundbreaking sex researchers Virginia Johnson and William Masters. It documents their discoveries based on Thomas Maier's 2009 biography "Masters of Sex. ... Full Story | Top |
| Ex-workers sue Apple, seek overtime for daily bag searches Tuesday, Jul 30, 2013 06:52 PM PDT  SAN FRANCISCO (Reuters) - Two former Apple Inc employees have accused the iPhone maker in a lawsuit of subjecting hourly store workers to daily searches while they were off-the-clock, arguing they should be compensated. The "screenings" or bag searches, designed to discourage theft, are conducted every time sales reps leave the store, including for meal breaks, the plaintiffs alleged in a lawsuit filed July 25 in a San Francisco federal court. They are seeking unpaid wages, overtime compensation and other penalties related to what they say is a customary practice across Apple's U.S. showrooms. ... Full Story | Top |
| World Fuel doubts Quebec rail-crash payment order is legal Tuesday, Jul 30, 2013 06:09 PM PDT  (Reuters) - U.S. fuel logistics company World Fuel Services Corp said on Tuesday it has "serious objections" to being ordered by the Quebec government to help pay for the cleanup of the devastating railway crash in Lac-Megantic, Quebec, on July 6. The provincial government of Quebec signed a legal order on Monday obliging the U.S. operator of the train, Montreal, Maine and Atlantic (MMA) Railway, and World Fuel Services, whose subsidiary sold the light crude oil carried by the train's tanker cars, to foot the bill. ... Full Story | Top |
| Siemens chief faces exit as board votes on his job Tuesday, Jul 30, 2013 06:02 PM PDT FRANKFURT (Reuters) - The supervisory board of Siemens will seal the fate of Chief Executive Peter Loescher on Wednesday when it votes for his early dismissal in one of Germany's most dramatic boardroom battles in years. The board meeting comes after Siemens last week issued its second profit warning this year, adding to signs that Loescher was struggling to turn around one of Germany's biggest engineering conglomerates. ... Full Story | Top |
| Three children injured as car hit Kansas City child care center Tuesday, Jul 30, 2013 05:55 PM PDT By Kevin Murphy KANSAS CITY, Missouri (Reuters) - Three young children were injured on Tuesday, including two trapped under a car, after the vehicle slammed into a child care center in Kansas City, Missouri, according to local officials. The children suffered "mild to moderate injuries that are not life-threatening," said a spokeswoman for Children's Mercy Hospital in Kansas City. Earlier, officials had said they were seriously injured. ... Full Story | Top |
| Los Angeles' Forum arena to reopen in Jan 2014 after renovation Tuesday, Jul 30, 2013 05:13 PM PDT LOS ANGELES (Reuters) - The Forum, the erstwhile home of pro basketball's Los Angeles Lakers and hockey's Los Angeles Kings, will reopen in January following a $100 million renovation, event venue operator The Madison Square Garden Co said on Tuesday. The company, which owns the fabled New York arena, purchased the venue, located in the Los Angeles suburb of Inglewood, a year ago for $23.5 million in a bid to return it to its former prominence and compete with the Staples Center in downtown Los Angeles. ... Full Story | Top |
| TCA: Showtime's David Nevins - 'I want our producers to take risks' Tuesday, Jul 30, 2013 04:50 PM PDT  By Tim Molloy NEW YORK (TheWrap.com) - Showtime president David Nevins says he doesn't have any objections to the upcoming twists coming to "Homeland." "I want our producers to take risks," he said at a Television Critics Association panel on Tuesday. "It's not about resetting back at the beginning at the end of every episode. The enemy of good television is boredom and predictability." What changes is he talking about? Click here at your own peril. Nevins spoke after making a series of announcements about his network. ... Full Story | Top |
| Federal violence-in-entertainment study sails to the Senate floor Tuesday, Jul 30, 2013 04:46 PM PDT By Ira Teinowitz LOS ANGELES (TheWrap.com) - Legislation calling for a federal study of violence in videogames, TV and movies sailed through a congressional committee on Tuesday - with the support of film and television trade groups - that's part of a wider look at possible causes of gun deaths in the U.S. With little discussion and no opposition, the Senate Commerce Committee sent the Violent Content Research Act to the Senate floor. ... Full Story | Top |
| Upfronts 2013: NBC finishes sales with $2.1 billion take, up from last year Tuesday, Jul 30, 2013 04:33 PM PDT By Tim Molloy NEW YORK (TheWrap.com) - NBC has bucked the trend this upfronts season by booking $2.1 billion in advertising sales, up from $1.8 billion last year, a person with knowledge of the situation told TheWrap. NBC's improved take comes as the top-rated network, CBS, held steady at $2.7 billion in upfront sales, and Fox, which dipped in the ratings last season, slipped from last year's take of about $1.9 billion. NBC is third in the key 18-49 demographic behind the two networks, ahead of ABC and the CW. The CW was consistent with last year's take of $420 million. ... Full Story | Top |
| Facebook stock almost hits IPO price, 14 months after rocky debut Tuesday, Jul 30, 2013 04:22 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company's effort to wipe away Wall Street's skepticism of its business. The stock has surged more than 40 percent in the past week after the company reported blowout quarterly results that showed Facebook's progress building a mobile advertising business. Shares of Facebook climbed as much as 7 percent to $37. ... Full Story | Top |
| Al Jazeera America announces 12 new U.S. bureaus and correspondents Tuesday, Jul 30, 2013 04:19 PM PDT By Sara Morrison LOS ANGELES (TheWrap.com) - Al Jazeera America announced 12 American news bureaus on Tuesday: Chicago, Dallas, Denver, Detroit, Los Angeles, Miami, Nashville, New Orleans, New York, San Francisco, Seattle and Washington, D.C. "It is critical for Al Jazeera America to have bureaus strategically placed throughout the U.S. so that we can cover the news from wherever it happens," said Al Jazeera America's senior vice president of newsgathering Marcy McGinnis. ... Full Story | Top |
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