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| Another arrest in motorcycle gang beating on New York highway Saturday, Oct 05, 2013 08:03 PM PDT NEW YORK (Reuters) - A third suspect was arrested on Saturday for his alleged role in last weekend's attack on an SUV driver who was chased for miles along a Manhattan highway by dozens of bikers, police said. The arrest of Reginald Chance, 37, of Brooklyn, New York, came a week after bikers chased the sport utility vehicle, driven by a man traveling with his wife and 2-year-old daughter, and then pulled the man from the vehicle and beat him, the New York City Police Department said. Video of the confrontation was uploaded to YouTube and went viral. ... Full Story | Top |
| Wal-Mart India says retail plans with Bharti 'not tenable' Saturday, Oct 05, 2013 07:41 PM PDT  NUSA DUA, Indonesia (Reuters) - Wal-Mart Stores Inc's retail plans with India partner Bharti Enterprises are "not tenable" and both sides are looking for the best way to move forward, an executive with the U.S. retailer told Reuters. Wal-Mart was expected to make a decision on its Indian retail plans later this month and Bharti will accordingly decide if those plans match its overall retail ambitions. "We created a franchise in retail with Bharti in the hopes that there could be a potential freeing up (of foreign direct investment) that would allow it to potentially be the base of the ... Full Story | Top |
| Tiger bites Oklahoma zoo worker who reached into cage Saturday, Oct 05, 2013 06:55 PM PDT By Kevin Murphy (Reuters) - A tiger bit a worker at an Oklahoma zoo when she reached into its cage on Saturday and the injured woman had to be airlifted to a hospital for surgery, officials said. The woman, who was not identified, was reported in stable condition, Joe Schreibvogel, owner of the Garold Wayne Interactive Zoological Park in Wynnewood, Oklahoma, said in a statement posted on the zoo's Facebook page. It said the tiger latched onto the woman's hand when she put it inside the cage and pulled her arm through a four-inch-square (10-cm-square) hole. ... Full Story | Top |
| Memories of Facebook cloud Twitter's IPO Saturday, Oct 05, 2013 04:44 PM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media's company's highly anticipated debut. In stark contrast, the investment company has not fielded any calls about Twitter as of Friday morning. "Not a single call yet," said Tim Lesko, the principal at Granite Investment Advisors, who added that he himself will hold back until he sees a few more quarters of financial results. "We want to start seeing numbers," he said. ... Full Story | Top |
| China gambles on theme park, whale sharks to lure punters from Macau casinos Saturday, Oct 05, 2013 04:33 PM PDT  By Farah Master HENGQIN ISLAND, China (Reuters) - It's being touted as China's answer to Orlando, a $5 billion resort and theme park complete with a mega rollercoaster and a whale shark tank situated on a sleepy southern island next to the world's biggest gambling hub Macau. Chimelong, which is set to partially open next month, is the linchpin of China's ambitious plans to expand Hengqin into a leisure hub similar to the coastal U.S. city globally renowned for its natural attractions and theme-park resorts by Walt Disney Co and Universal Studios. ... Full Story | Top |
| Upper Midwest struck by unusual autumn tornadoes, snowstorm Saturday, Oct 05, 2013 03:36 PM PDT  By Greg McCune CHICAGO (Reuters) - The upper Midwest was recovering on Saturday from an unusual autumn wallop from a fierce snowstorm that trapped dozens of people in vehicles in western South Dakota and a swarm of tornadoes that left at least 15 people injured in rural Nebraska and Iowa. More than 80 motorists remained stranded in western South Dakota after a blizzard rolled out of the Rocky Mountains and dumped up to three feet of snow on parts of the Northern Plains. ... Full Story | Top |
| Ex-CBOT chief says he's in Europe after warrant issued Saturday, Oct 05, 2013 02:44 PM PDT  By Tom Polansek CHICAGO (Reuters) - Former Chicago Board of Trade Chairman Patrick Arbor said on Saturday that he was in Europe, following a newspaper report alleging he had fled the United States to avoid paying millions of dollars to his ex-wife. "I can't talk about it," Arbor told Reuters about the accusations when reached on his cell phone. Asked where he was, he said: "I'm in Europe. I'm an Italian citizen. ... Full Story | Top |
| Suicide bombers target Iraq Shi'ites, killing 60 Saturday, Oct 05, 2013 02:10 PM PDT By Kareem Raheem BAGHDAD (Reuters) - Two suicide bombers targeted Shi'ite Muslims in Iraq on Saturday, killing 60 people on the eve of the anniversary of one of their imams' deaths, police and medics said on Saturday. In the northern city of Mosul, unidentified gunmen shot two Iraqi television journalists dead as they were filming, security sources said. No group immediately claimed responsibility for either of the bombings, but such attacks are the hallmark of Sunni Islamist al Qaeda, which views Shi'ites as non-believers and has been regaining momentum this year. ... Full Story | Top |
| Greece mulls swapping bailout loans with 50-year bond issue: source Saturday, Oct 05, 2013 01:28 PM PDT ATHENS (Reuters) - Greece is looking into swapping a big chunk of its bailout loans with a 50-year government bond as a way to achieve debt relief once it attains a primary budget surplus this year, an official close to the discussions told Reuters on Saturday. Twice bailed out with 240 billion euros by its euro zone partners and the International Monetary Fund, Greece aims at a primary budget surplus this year, excluding interest payments, which will allow it to seek debt relief from its lenders. ... Full Story | Top |
| Venezuela vows crackdown on 'currency tourists' Saturday, Oct 05, 2013 12:25 PM PDT  By Andrew Cawthorne CARACAS (Reuters) - President Nicolas Maduro's government plans to use fingerprint machines at airports to try to root out no-shows who buy tickets to scam travel-related currency controls without even flying, in the latest symptom of Venezuela's economic chaos. Most flights out of the South American OPEC nation are booked solid months ahead because locals buy up tickets to enable the purchase of dollars at a preferential rate. In a phenomenon Venezuelans have dubbed "currency tourism," many do not even bother taking the trips, meaning planes often fly out half-empty. ... Full Story | Top |
| Berlusconi to ask to serve sentence in community service: press Saturday, Oct 05, 2013 10:28 AM PDT  ROME (Reuters) - Former Italian Prime Minister Silvio Berlusconi will ask to serve a tax fraud sentence in community service, rather than under house arrest, his lawyer told newswire AGI on Saturday. The center-right leader, 77, was found guilty of falsely recording the price paid for television rights by his Mediaset television empire to pay less tax. He was given a four-year sentence in August, commuted to one year, to be served under house arrest or in community service due to his age. ... Full Story | Top |
| Assassinations of Muslim clerics in Kenya 'boosting al Shabaab' Saturday, Oct 05, 2013 10:02 AM PDT By Drazen Jorgic MOMBASA, Kenya (Reuters) - The killings of popular Muslim clerics in Kenya's port city of Mombasa is strengthening support for Somali militants who massacred at least 67 people in a Nairobi shopping mall two weeks ago, a prominent Islamist said on Saturday. The apparent assassination of Sheikh Ibrahim Omar on Thursday night raised religious tensions in Kenya's commercial and tourism hub. Young Muslims, streaming out of a mosque where Omar had preached, torched a church, burned tires and fought the police on Friday. Four people were killed during the day-long riots. ... Full Story | Top |
| FINRA mulls insurance for brokerage firms: WSJ Saturday, Oct 05, 2013 09:23 AM PDT CHICAGO (Reuters) - The U.S. Financial Industry Regulatory Authority may require brokerage firms to carry insurance to cover the payment of arbitration awards to investors, the Wall Street Journal reported on Saturday. FINRA, Wall Street's industry-funded watchdog, will consider whether brokerage firms should be required to have "errors and omissions" insurance, which can cover legal claims, said Susan Axelrod, FINRA's executive vice president of regulatory operations, according to the newspaper. ... Full Story | Top |
| Factbox: Chevron returns workers to U.S. Gulf platforms as storm eases Saturday, Oct 05, 2013 09:22 AM PDT HOUSTON (Reuters) - Chevron Corp was sending workers back out to oil platforms in the U.S. Gulf of Mexico on Saturday, a sign the worst of Tropical Storm Karen has passed deepwater areas of the basin. The storm has so far shut down about half of all oil output in the U.S. Gulf, according to the government, and a refinery in Louisiana has reduced rates because its supply of crude was affected. Chevron said its production was minimally impacted by the storm. A Friday report from the U.S. Bureau of Safety and Environmental Enforcement said 49. ... Full Story | Top |
| Chevron says returning workers to U.S. Gulf of Mexico assets Saturday, Oct 05, 2013 09:22 AM PDT  HOUSTON (Reuters) - Chevron Corp was returning workers to offshore platforms and restoring operations to normal on Saturday in U.S.-regulated areas of the northern Gulf of Mexico following the passage of weakening Tropical Storm Karen, according to a statement issued by the company. Chevron began evacuating nonessential workers from Gulf platforms on Thursday. On Friday, the company said there had been a minimal impact on production from the removal of nonessentials from offshore operations. (Reporting by Erwin Seba) Full Story | Top |
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