By Paul Sandle and Sophie Sassard LONDON (Reuters) – Vodafone faces a battle for Germany’s largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome. Liberty Global, which owns Unity Media, Germany‘s second biggest cable operator, joined the race on Tuesday. It...
By Andrew M. Seaman NEW YORK (Reuters Health) – Ouch: Boys know that toilet seats are an occupational hazard of potty training, but a new study suggests the number of genital injuries caused by falling toilet toppers is growing. Researchers found the number of emergency room visits for toilet-related injuries to the penis, while...
By Alwyn Scott and Tim Hepher PARIS (Reuters) – Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, sharpening the battle with rival Airbus in the booming market for fuel-efficient, long-distance jets. The much-anticipated announcement of the 787-10 Dreamliner, with 102 firm orders worth nearly $30 billion...
By Jason Lange WASHINGTON (Reuters) – Consumer prices rose in May and a gauge of underlying price pressures showed signs of stabilizing after a long decline, a potential comfort to Federal Reserve policymakers who would like to see stronger inflation. Other data on Tuesday showed an increase in groundbreaking at home construction sites, the...
By Andrew M. Seaman NEW YORK (Reuters Health) – Ouch: Boys know that toilet seats are an occupational hazard of potty training, but a new study suggests the number of genital injuries caused by falling toilet toppers is growing. Researchers found the number of emergency room visits for toilet-related injuries to the penis, while...
By Andrew M. Seaman NEW YORK (Reuters Health) – Ouch: Boys know that toilet seats are an occupational hazard of potty training, but a new study suggests the number of genital injuries caused by falling toilet toppers is growing. Researchers found the number of emergency room visits for toilet-related injuries to the penis, while...
By Andrew M. Seaman NEW YORK (Reuters Health) – Ouch: Boys know that toilet seats are an occupational hazard of potty training, but a new study suggests the number of genital injuries caused by falling toilet toppers is growing. Researchers found the number of emergency room visits for toilet-related injuries to the penis, while...
(Reuters) – A New York court designated a pension fund as the lead plaintiff in a lawsuit filed by shareholders of Elan Corp against SAC Capital, a court filing showed, as the hedge fund continued to face varied legal challenges over insider-trading charges. Pension fund City of Birmingham Retirement and Relief System has been...
By Marc Jones LONDON (Reuters) – Global markets mostly stuck to tight ranges on Tuesday, with uncertainty about the future of the U.S. monetary stimulus program keeping investors on edge as the Federal Reserve prepared to meet. The U.S. central bank kicks off a two-day meeting later in the day and markets are on...
By Andrew M. Seaman NEW YORK (Reuters Health) – Ouch: Boys know that toilet seats are an occupational hazard of potty training, but a new study suggests the number of genital injuries caused by falling toilet toppers is growing. Researchers found the number of emergency room visits for toilet-related injuries to the penis, while...
By Chris Michaud (Reuters) – U.S. consumers are more satisfied with airlines in recent years but the industry still gets relatively low marks, mainly due to the onboard experience, according to a new customer poll released on Tuesday. The American Consumer Satisfaction Index, which surveys some 70,000 U.S. customers annually on more than 40...
By Ayesha Rascoe WASHINGTON (Reuters) – U.S. companies hoping to export natural gas are frustrated by lengthy delays and rule changes as they await U.S. Department of Energy approval of their applications and may turn to the courts to speed up the process. Both the slow pace of decisions on applications to ship U.S....
By Andrew M. Seaman NEW YORK (Reuters Health) – Ouch: Boys know that toilet seats are an occupational hazard of potty training, but a new study suggests the number of genital injuries caused by falling toilet toppers is growing. Researchers found the number of emergency room visits for toilet-related injuries to the penis, while...
By Chikako Mogi TOKYO (Reuters) – Asian shares eased on Tuesday as investors waited for Federal Reserve Chairman Ben Bernanke to clarify the U.S. central bank’s plans for its stimulus program – with the mere suggestion of fine-tuning it enough to unnerve market sentiment. European stocks are seen easing, with financial spreadbetters predicting London’s...
By Dan Wilchins (Reuters) – Over the past few years, Citigroup Inc has been grappling with an unusual problem – how to incur more U.S. taxes. The third-largest U.S. bank tried to buy the foundering Wachovia Corp in the fall of 2008 in part because the deal would have brought it more taxable domestic...
HARTFORD, Conn. (AP) — The governors of Texas and South Dakota visited Connecticut on Monday to court gun manufacturers that have threatened to leave since the state passed tough new gun-control laws this year in response to the massacre at Sandy Hook Elementary School. While gun makers may be unlikely to leave behind their...
TOKYO (AP) — Jitters over a possible change in U.S. stimulus efforts by the Federal Reserve helped pull share prices mostly lower in early Asian trading Tuesday. Asia’s biggest benchmark, Japan’s Nikkei stock average, shed early gains to fall 0.6 percent by mid-morning in choppy trading, to 12,956.78. Hong Kong‘s Hang Seng index dropped...
By Alwyn Scott PARIS (Reuters) – As airplane makers gathered outside Paris to show off their newest high-tech jetliners on Monday, a less-heralded technology story was unfolding back home on the factory floors of the world’s leading aerospace firms. The planned introduction of at least half a dozen new plane designs that push the...
A nation continues to wait for final word on the Supreme Court’s Big Four cases this term — voting rights, affirmative action, DOMA, and Proposition 8 — but the justices’ closest decision arrived first on Monday, in a 5-4 ruling on Salinas v. Texas in which the conservative members of the Court and Anthony Kennedy determined...
By Steve Holland WASHINGTON (Reuters) – President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned. Obama, speaking to Charlie Rose, host of a...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
By Jonathan Stempel and Sruthi Ramakrishnan (Reuters) – Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
By Chikako Mogi TOKYO (Reuters) – Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee‘s plans for its stimulus program – with the mere suggestion of fine-tuning it enough to unnerve investors. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, dragged...
LOS ANGELES (AP) — Netflix said Monday that it would offer new TV shows from DreamWorks Animation starting in 2014 in what the company described as its biggest transaction ever for original first-run content. Though financial details were not disclosed, Netflix Inc. said the agreement includes more than 300 hours of new TV episodes...
By Nadia Damouni and Olivia Oran NEW YORK (Reuters) – Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL and Office Depot Inc . Initially investing in...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
By Leah Schnurr NEW YORK (Reuters) – Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction. A majority of homebuilders say conditions for new construction are favorable, rather than poor, for the first time since the...
By Soyoung Kim and Deepa Seetharaman NEW YORK/DETROIT (Reuters) – Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from several rival auto parts suppliers faltered, according to several people familiar with the matter. The unit’s performance was weaker than industry bidders...
By Ryan Vlastelica NEW YORK (Reuters) – Stocks rose on Monday but ended well off their highs as investors speculated over the Federal Reserve‘s intentions about its massive stimulus program to aid the economy before a meeting of policymakers that begins on Tuesday. Major indexes climbed from the start of the session and were...
NEW YORK (AP) — Stocks are closing higher as traders hope that the Federal Reserve will decide to continue its economic stimulus program when it meets this week. The Standard Poor’s 500 index climbed 12 points, or 0.8 percent, to close at 1,639 Monday. Energy and technology stocks rose the most. The Dow Jones...
WASHINGTON (AP) — Is the era of ultra-low interest rates nearing an end? When he takes questions this week after a Federal Reserve meeting, Chairman Ben Bernanke will confront investors’ fear that rates are headed higher. Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back...
By Matt Scuffham LONDON (Reuters) – Britain‘s Co-operative Group will force bondholders to help plug a 1.5 billion pound ($2.4 billion) capital hole, avoiding a repeat of unpopular taxpayer-funded bailouts made during the financial crisis. Using a “bail-in” rescue model, bondholders will have to swap their debt for new bonds and equity in the...
By Brad Haynes PARIS (Reuters) – Brazilian planemaker Embraer SA launched a bigger and more efficient lineup of commercial E-Jets at the Paris Airshow, with a robust show of demand as it pushed deeper into a segment that rival Bombardier had staked out with its new narrow-body CSeries. The world’s largest regional airline group,...
By Ryan Vlastelica NEW YORK (Reuters) – Stocks rose on Monday but ended well off their highs as investors speculated over the Federal Reserve‘s intentions about its massive stimulus program to aid the economy before a meeting of policymakers that begins on Tuesday. Major indexes climbed from the start of the session and were...
By Aradhana Aravindan CHENNAI, India (Reuters) – Ford Motor Co began shipping its locally-made EcoSport compact SUV on Monday, hoping to share in growing demand in India for mini-sport utility vehicles, which are popular due to heavy traffic, scarce parking and bumpy roads. The U.S. auto maker, which has struggled to build share in...
(Reuters) – Detroit‘s default and debt-restructuring plan are precedent-setting in the U.S. municipal market, Moody’s Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain. The city on Friday defaulted on a $39.7 million payment on certificates of participation and presented...
By Martinne Geller (Reuters) – Starboard Value LP revealed a major stake in Smithfield Foods Inc on Monday and urged the world’s largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International. The activist investor, now Smithfield’s biggest shareholder with a...
By Foo Yun Chee BRUSSELS (Reuters) – IntercontinentalExchange (ICE) is set to win unconditional EU approval for its $8.2 billion bid for NYSE Euronext, sources said on Monday, in a deal that would strengthen its presence in the lucrative derivatives trading business. The acquisition would give ICE control of London-based Liffe, Europe’s second-largest derivatives...
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks rebounded on Monday, climbing 1 percent and recovering last week’s losses, as investors speculated the Federal Reserve will reaffirm its policies of supporting the economic recovery later this week. Technology and energy shares led gains on the SP 500, pointing to bets on a stronger economy....
A Canadian couple who recently stumbled upon a 400-year-old skeleton is now saddled with a $5,000 bill, the Star reports. Two weeks ago, Ken Campbell of Sarnia, Ontario, came upon some bones while digging postholes in his backyard. His wife, Nicole Sauve, encouraged him to unearth the rest of the skeleton. Ontario police, who...
By Foo Yun Chee BRUSSELS (Reuters) – IntercontinentalExchange (ICE) is set to win unconditional EU approval for its $8.2 billion bid for NYSE Euronext, sources said on Monday, in a deal that would strengthen its presence in the lucrative derivatives trading business. The acquisition would give ICE control of London-based Liffe, Europe‘s second-largest derivatives...
By Leah Schnurr NEW YORK (Reuters) – Sentiment among homebuilders surged in June, rising above a key milestone for the first time since the start of the housing crisis seven years ago in a vote of confidence for the sector’s recovery. At the same time, a separate report on Monday showed manufacturing growth in...
By William Schomberg and Roberta Rampton ENNISKILLEN, Northern Ireland (Reuters) – The United States and the European Union launched negotiations for the world’s most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic. Trade between Europe and the United States is worth almost $3...
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose 1 percent on Monday as investors speculated the Federal Reserve will reaffirm its commitment to supporting the economic recovery when it meets this week. Technology and energy shares led gains on the SP 500, pointing to bets on a stronger economy. Equities were supported...