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| Guardian teams up with New York Times over Snowden documents Friday, Aug 23, 2013 07:37 PM PDT  WASHINGTON (Reuters) - The Guardian has agreed with the New York Times to give the U.S. newspaper access to some classified documents leaked by former National Security Agency contractor Edward Snowden, both papers said on Friday. In a brief story posted on its website, the Guardian said it "struck a partnership" with the Times after the British government threatened the Guardian with legal action unless it either surrendered or destroyed files it received from Snowden about Government Communications Headquarters - Britain's equivalent of NSA. ... Full Story | Top |
| San Diego mayor says will resign over sexual harassment scandal Friday, Aug 23, 2013 07:04 PM PDT  By Marty Graham SAN DIEGO (Reuters) - San Diego Mayor Bob Filner, facing a sexual harassment lawsuit and a string of allegations of inappropriate behavior toward women, said on Friday he would resign as the head of California's second-largest city. A visibly emotional Filner addressed the San Diego City Council after members emerged from a closed meeting where they voted 7-0 to accept a settlement that requires him to step down, effective August 30, in exchange for the city joining in his legal defense in the lawsuit. ... Full Story | Top |
| Judge upholds $1.17 billion patent verdict against Marvell Friday, Aug 23, 2013 05:39 PM PDT By Bernard Vaughan NEW YORK (Reuters) - A federal judge on Friday upheld a $1.17 billion award a jury imposed on chipmaker Marvell Technology Group Ltd for infringing two patents held by Carnegie Mellon University. Carnegie Mellon had sued Marvell in March 2009 over patents issued in 2001 and 2002 related to how accurately hard disk- drive circuits read data from high-speed magnetic disks. ... Full Story | Top |
| Al Jazeera accuses AT&T of wrongly terminating contract Friday, Aug 23, 2013 05:11 PM PDT  By Bernard Vaughan NEW YORK (Reuters) - AT&T unfairly terminated an affiliation agreement with Al Jazeera America, the cable network says in a recently unsealed lawsuit that highlights AT&T's subscriber base in conservative states. Under a heavily redacted description of the alleged "bad faith scheme," Al Jazeera notes in its complaint that "AT&T has a large subscriber base in Texas and other conservative states in the South and Southwest. "Upon information and belief, it then began to cast around for an excuse to unilaterally terminate the Affiliation Agreement," the lawsuit says of AT&T. ... Full Story | Top |
| Connectivity issue between Nasdaq and Arca preceded outage: source Friday, Aug 23, 2013 04:56 PM PDT  By Jed Horowitz, Lauren Tara LaCapra and Herbert Lash NEW YORK (Reuters) - The vague "connectivity issue" that Nasdaq said triggered the outage that paralyzed a large part of the U.S. stock market on Thursday originated as a problem between Nasdaq and rival NYSE Arca, a source familiar with the matter said Friday. Nasdaq said the problem started shortly before midday Thursday and quickly cascaded through its Securities Information Processor, or SIP, the system that receives all traffic on quotes and orders for stocks on the exchange, preventing it from disseminating quotes. ... Full Story | Top |
| Protesting Mexican teachers stir trouble for government reforms Friday, Aug 23, 2013 04:27 PM PDT  By Dave Graham MEXICO CITY (Reuters) - Schoolteachers in Mexico City staging disruptive protests against education reform have fired a warning shot at President Enrique Pena Nieto's government as it prepares to push an ambitious economic agenda through Congress. On Friday, thousands of teachers held up traffic bound for Mexico's main international airport a day after federal lawmakers were forced to meet in a convention center next to a race course when the demonstrators blocked access to Congress. ... Full Story | Top |
| Halt in Zilmax sales fuels demand for rival cattle feed product Friday, Aug 23, 2013 04:22 PM PDT By Tom Polansek and P.J. Huffstutter CHICAGO (Reuters) - Merck & Co's decision to suspend sales of its Zilmax cattle feed additive has caused such a surge in demand for rival Eli Lilly & Co's Optaflexx that Lilly is telling some new customers it cannot immediately supply them, customers told Reuters. Zilmax became the focus of attention in the livestock industry after Tyson Foods Inc said on August 7 that it will stop buying Zilmax-fed cattle for slaughter beginning next month. Tyson, the biggest U.S. ... Full Story | Top |
| Harassment lawsuit against celebrity chef Paula Deen dismissed Friday, Aug 23, 2013 04:16 PM PDT  (Reuters) - A federal judge on Friday dismissed the final component of a racial discrimination and sexual harassment case against celebrity chef Paula Deen that has cost the Southern culinary star a big chunk of her multimillion-dollar enterprise. In dismissing the sexual harassment aspect of the case, U.S. District Judge William Moore wrote that no fees were awarded to either party, according to court documents. The two parties reached a settlement, said a person familiar with the case, and Moore's dismissal did not address the merits. ... Full Story | Top |
| Wall Street Week Ahead: Economic data to steer bets on Fed's next move Friday, Aug 23, 2013 03:44 PM PDT  By Ryan Vlastelica NEW YORK (Reuters) - Wall Street just went through its weakest three-week period since November, not to mention a panicky spell when the Nasdaq stock market ground to a halt. But that doesn't mean the pain is over. Next week is unlikely to bring much clarity to the primary issue facing markets: when and by how much will the U.S. Federal Reserve slow its accommodative monetary policy. Uncertainty, along with what is expected to be anemic trading heading into the Labor Day holiday on September 2, could make for a volatile week. ... Full Story | Top |
| Fed policy under fire at Jackson Hole conference Friday, Aug 23, 2013 03:30 PM PDT  By Pedro da Costa and Alister Bull WASHINGTON (Reuters) - What a difference a year makes. Federal Reserve Chairman Ben Bernanke used the 2012 meeting in Jackson Hole as a platform to make his case for a third round of bond buys. This year, with the Fed chief absent, the tone was starkly different as featured research papers questioned the value and efficacy of the central bank's unconventional stimulus policies. ... Full Story | Top |
| Lawsuit challenging Moody's ratings independence is dismissed Friday, Aug 23, 2013 03:25 PM PDT  By Jonathan Stempel NEW YORK (Reuters) - Moody's Corp and its Chief Executive Raymond McDaniel won the dismissal of a lawsuit accusing the parent of Moody's Investors Service of defrauding shareholders by making false statements about the independence and objectivity of its credit ratings. In a decision made public on Friday, U.S. District Judge George Daniels in Manhattan said the shareholders failed to show a sufficient link between the alleged misstatements and declines in Moody's share price. ... Full Story | Top |
| Apple, Samsung do not have to disclose profit details: court Friday, Aug 23, 2013 03:25 PM PDT  By Dan Levine (Reuters) - Apple Inc and Samsung Electronics Co Ltd do not have to make public the financial details submitted to a U.S. court during high-profile patent litigation, a federal appeals panel ruled on Friday. The Federal U.S. Circuit Court of Appeals in Washington reversed a lower court ruling that ordered the two companies to disclose portions of documents that contain profit and sales information. ... Full Story | Top |
| DirecTV looks at changing NFL Sunday Ticket in survey Friday, Aug 23, 2013 03:14 PM PDT  By Liana B. Baker (Reuters) - DirecTV is considering offering different pricing plans for the NFL Sunday Ticket package and is asking consumers about how much they would pay for new versions of its exclusive football package, including a cheaper Internet-only option. Investors and analysts are watching to see whether DirecTV will renew its contract with the National Football League, estimated to be worth $1 billion annually. The current agreement is due to expire at the end of the 2014 season. ... Full Story | Top |
| CEO Ballmer retires as Microsoft struggles to modernize Friday, Aug 23, 2013 03:04 PM PDT By Bill Rigby SEATTLE/NEW YORK (Reuters) - Steve Ballmer, a passionate salesman who has been a central figure at Microsoft Corp for more than three decades, unexpectedly announced his retirement as chief executive on Friday, ending a controversial 13-year reign in which the world's largest software company lost its position as the dominant force in computing. ... Full Story | Top |
| Casinos to spin Timberlake, Affleck poker film as cautionary tale Friday, Aug 23, 2013 03:00 PM PDT  By Sue Zeidler LOS ANGELES (Reuters) - Justin Timberlake and Ben Affleck have Las Vegas on edge. They are the stars of a new film about the murky world of unauthorized online poker that could cast an unwelcome spotlight on a fledgling legal market that Sin City's biggest players are betting on. Timberlake is set to walk the red carpet with other celebrities at Caesars' Planet Hollywood next month in Las Vegas for the premiere of Twenty-First Century Fox Inc's "Runner, Runner." The movie opens on October4 in the United States. ... Full Story | Top |
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