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| Asian shares take heart from upbeat data Thursday, Aug 22, 2013 09:05 PM PDT  By Lisa Twaronite TOKYO (Reuters) - Asian shares rebounded on Friday as economic data suggesting the global economy is expanding took the edge off persistent fears that the U.S. Federal Reserve will likely start withdrawing stimulus next month. MSCI's broadest index of Asia-Pacific shares outside Japan added 1 percent, bouncing decisively off a six-week low touched on Thursday. Japan's Nikkei stock average outperformed, surging 2.4 percent, as a weaker yen gave a tailwind to exporters' shares. Asian gains tracked those in overseas markets in the previous session. ... Full Story | Top |
| Paralyzed Nasdaq opted for caution over speed in restoring trade Thursday, Aug 22, 2013 09:02 PM PDT  By Jed Horowitz, Lauren Tara LaCapra and Herbert Lash NEW YORK (Reuters) - Thirty minutes into the crippling outage that hobbled the Nasdaq stock market on Thursday afternoon, stopping all trading in $5.9 trillion worth of U.S. equities, exchange officials had the problem fixed. It was another two-and-a-half hours, however, before they were ready to flip the switch and turn the all-electronic market back on. ... Full Story | Top |
| L.A. porn film sets shuttered after actress infected with HIV Thursday, Aug 22, 2013 08:51 PM PDT By Sharon Bernstein (Reuters) - Adult film sets throughout the Los Angeles area have shut down indefinitely after a porn actress tested positive for HIV, the trade association for the industry said on Thursday. The actress, who works under the name Cameron Bay, has contracted the virus that causes AIDS, the Free Speech Coalition said in a press release. The trade group said film producers called a moratorium on production late on Wednesday and that filming would not resume until all of Bay's partners are notified and tested. ... Full Story | Top |
| Fonterra suspends Sri Lankan operations Thursday, Aug 22, 2013 08:18 PM PDT  WELLINGTON (Reuters) - New Zealand dairy giant Fonterra Co-operative said on Friday it had suspended operations in Sri Lanka because of an unstable situation in the country. Earlier this week Fonterra was banned by a Sri Lankan court from selling products, and it is in a dispute with the country's food safety authorities about the presence of a toxic agricultural chemical in some products. "The temporary suspension is the right thing to do. It is a precautionary measure to ensure our 755 people working there are safe. ... Full Story | Top |
| Boehner seeks to calm Republican clamor over how to stop 'Obamacare' Thursday, Aug 22, 2013 08:07 PM PDT  By Caren Bohan and Rachelle Younglai WASHINGTON (Reuters) - House of Representatives Speaker John Boehner, struggling to ease Republican divisions over how to fight "Obamacare," vowed on Thursday to try to erode the healthcare law, but stopped short of weighing in on a push to deny it funding. Boehner and other Republicans agree on their distaste for President Barack Obama's signature healthcare overhaul, but the party has been roiled by a debate over whether to threaten a shutdown of the government to try to gut the measure. ... Full Story | Top |
| Ben Affleck to play Batman in 'Man of Steel' sequel Thursday, Aug 22, 2013 07:34 PM PDT  LOS ANGELES (Reuters) - Actor Ben Affleck will play Batman in an upcoming Superman sequel that will see the two caped crusaders face off against each other, film studio Warner Bros Pictures said on Thursday. Affleck, 41, will take on the role of reclusive billionaire Bruce Wayne, Batman's alter-ego, in director Zack Snyder's 2015 sequel to this year's Superman reboot "Man of Steel," starring 30-year-old British actor Henry Cavill. "We knew we needed an extraordinary actor to take on one of DC Comics' most enduringly popular super heroes, and Ben Affleck certainly fits that bill, and then some. ... Full Story | Top |
| Former Madoff employees want more details on affair allegations Thursday, Aug 22, 2013 07:33 PM PDT  By Bernard Vaughan NEW YORK (Reuters) - Five former employees of Bernard Madoff responded on Thursday to government assertions that all but one of them and Madoff were involved "in romantic and/or sexual relationships" with each other and that Madoff himself was ensnared in a "love triangle." In short, they want more details, according to a court document filed on Thursday. Madoff pleaded guilty in March 2009 to running a fraud of up to $65 billion at his investment firm and is serving a 150-year prison sentence. ... Full Story | Top |
| Koch Brothers decide not to buy the Tribune newspapers Thursday, Aug 22, 2013 07:21 PM PDT  (Reuters) - Charles and David Koch, two of the world's richest men, have walked away from talks to buy the Tribune Co's newspaper assets, concluding that the papers were not economically viable. Their company, Koch Industries, continues to have an interest in the media business and is exploring a broad range of opportunities, spokeswoman Melissa Cohlmia said, confirming a report on their Tribune decision by the Daily Caller news website. ... Full Story | Top |
| NYC comptroller debate: Spitzer to work for a dollar, Stringer sings Thursday, Aug 22, 2013 07:15 PM PDT  By Edward Krudy NEW YORK (Reuters) - Eliot Spitzer, trying to rebound from a sex scandal that cost him the New York governorship, promised to work for a dollar a year while his opponent tried to sing a chorus from David Bowie's "Heroes" as part of Wednesday's debate between the two Democratic candidates for New York City's comptroller. Spitzer now also has a date booked to baby-sit for the children of opponent Scott Stringer and the two candidates have pledged to sit down over coffee and go over Spitzer's tax returns. ... Full Story | Top |
| Insight: Zombie borrowers haunt China's shadow banks Thursday, Aug 22, 2013 07:09 PM PDT  By Gabriel Wildau SHANGHAI (Reuters) - Call it the new China Syndrome: Although Asia's biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds. Nowhere is this more evident than in China's shadow banking sector, the non-bank financiers that have pumped credit into the economy at a spectacular rate. ... Full Story | Top |
| Huawei, ZTE get most of China Mobile's $3 billion initial 4G contracts: sources Thursday, Aug 22, 2013 07:06 PM PDT  SINGAPORE (Reuters) - China Mobile Ltd, the world's largest mobile carrier by subscribers, has awarded initial 4G contracts worth around 20 billion yuan ($3.2 billion), with Chinese telecom gear makers Huawei and ZTE taking more than half, industry sources said. Huawei Technologies Co Ltd and ZTE Corp have obtained about 25 percent each of the total 4G procurement in China Mobile's tender this year, said the sources, who are familiar with the negotiations but declined to be identified because they are not authorized to speak to the media. ... Full Story | Top |
| Ex-paramedic jailed after Texas explosion released on bail Thursday, Aug 22, 2013 07:00 PM PDT By Lisa Maria Garza DALLAS (Reuters) - A former paramedic who responded to a deadly explosion at a Texas fertilizer plant in April, only to be charged weeks later with unlawful possession of pipe bomb components, was released from a county jail on Thursday. A federal judge ordered Bryce Reed, 31, to be released on a $25,000 bond into the custody of his mother. Reed was indicted in May for possession of an unregistered destructive device. Earlier he had become one of the faces of the rescue effort in the aftermath of the massive explosion in the town of West. ... Full Story | Top |
| Brazil central bank launches $60 billion currency intervention Thursday, Aug 22, 2013 06:50 PM PDT  SAO PAULO (Reuters) - Brazil's central bank announced a currency-intervention program on Thursday that will provide $60 billion worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country's currency, the real, as it slips to near five-year lows against the dollar. The bank said in a statement it will sell, on Mondays through Thursdays, $500 million worth of currency swaps, derivative contracts designed to provide investors with insurance against a weaker real. ... Full Story | Top |
| Lockheed eyes 40 percent savings on next F-35 logistics contract Thursday, Aug 22, 2013 06:28 PM PDT  By Andrea Shalal-Esa WASHINGTON (Reuters) - Lockheed Martin Corp said it is close to an agreement with the Pentagon for a more portable and 40 percent cheaper version of the operations and logistics system that controls the F-35 fighter, the Pentagon's most expensive weapons program. Lockheed aims to finalize a contract with the Pentagon's F-35 program office in coming weeks that will pay for development of lighter units to operate the new warplanes when they are deployed or based on ships, company officials told Reuters late on Wednesday. ... Full Story | Top |
| BHP Billiton cuts bonuses, CEO forgoes $1.5 million in shares Thursday, Aug 22, 2013 05:51 PM PDT  MELBOURNE (Reuters) - BHP Billiton Ltd has cut bonus payouts to its top executives, as total returns to shareholders fell over five years, even though the top global miner beat its target for outperforming its peers over that period. New Chief Executive Andrew Mackenzie, who was first poached from rival Rio Tinto in 2008, also gave up shares worth 941,000 pounds ($1.47 million) at Thursday's close that were due to him from his sign-on bonus. In total, Mackenzie was awarded shares worth 4.6 million pounds, after the company decided to pay out only 65 percent of long-term share bonuses. ... Full Story | Top |
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