• Rite Aid to put Cosmo behind blinders

    Associated Press - 7 minutes ago

    NEW YORK (AP) — Cosmopolitan magazine is apparently too racy to appear without a wrap on Rite Aid drugstore shelves. More »Rite Aid to put Cosmo behind blinders

  • Uber valued at about $51 billion after latest funding round: WSJ

    Reuters - 8 minutes ago

    (Reuters) - Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company at nearly $51 billion, the Wall Street Journal reported, citing people familiar with the matter. Uber raised close to $1 billion in the round, bringing its total funding to more than $5 billion, WSJ reported on Friday, citing one of the people. Investors in the latest round include Microsoft Corp and the Indian media conglomerate Bennett Coleman & Co's Times Internet, the report said. More »Uber valued at about $51 billion after latest funding round: WSJ

  • Seven Libyan soldiers killed in clashes with Islamic State

    Reuters - 16 minutes ago

    By Ayman al-Warfalli BENGHAZI, Libya (Reuters) - Seven Libyan soldiers were killed on Friday when Islamic State militants stormed a checkpoint manned by forces loyal to the official government, military officials said. Five soldiers were killed and 15 have been missing since the Islamic State fighters attacked the checkpoint outside the eastern town of Ajdabiya, near the oil port of Brega, one military official said. Two more soldiers were killed when the government sent reinforcements. More »Seven Libyan soldiers killed in clashes with Islamic State

  • Katy Perry may get chance to live at disputed ex-convent in Los Angeles

    Reuters - 17 minutes ago

    By Alex Dobuzinskis LOS ANGELES (Reuters) - (This story corrects paragraph 2: nuns no longer live at the property in July 30 story) Katy Perry, who grew up the daughter of Protestant pastors and rose to fame with the hit song "I Kissed a Girl," may get her chance to live in a former Roman Catholic convent in Los Angeles - after a judge tentatively blocked its sale to someone else. Attorneys for the pop singer and the Catholic Archdiocese of Los Angeles faced off in court on Thursday against lawyers for a group of nuns who once lived at the property and a restaurateur trying to buy it from them. Los Angeles Superior Court Judge James Chalfant tentatively sided with church officials, voiding the sale to Hollister but stopping short of ruling that the archdiocese could sell the former convent to Perry. More »Katy Perry may get chance to live at disputed ex-convent in Los Angeles

  • Argentine exec in FIFA case pleads not guilty to U.S. charges

    Reuters - 24 minutes ago

    By Nate Raymond and Mica Rosenberg NEW YORK (Reuters) - The former chairman of an Argentina-based sports marketing business, one of 14 people indicted in a corruption case that has roiled the soccer world's governing body FIFA, pleaded not guilty in a U.S. court on Friday. Alejandro Burzaco, an Argentine businessman who was the former general manager and chairman of Torneos y Competencias SA, appeared in federal court in Brooklyn, New York, after being extradited to the United States from Italy. According to an indictment unsealed on May 27, Burzaco faces U.S. charges including conspiracy to commit racketeering and conspiracy to commit wire fraud. More »Argentine exec in FIFA case pleads not guilty to U.S. charges

  • Nvidia recalls some Shield tablets due to battery fire fears

    Reuters - 28 minutes ago

    (Reuters) - Nvidia Corp said it was recalling some of its Shield 8-inch tablets in the United States as the battery in these devices can overheat, posing a fire hazard. The Android-based tablet, which has a price tag of $300-$400, is targeted at gaming enthusiasts and comes equipped with batteries that are made to last longer. Nvidia, better known for its graphics chips, said it would replace Shield tablets with battery types that test Y01 it sold in the United States since the product's launch in July 2014. More »Nvidia recalls some Shield tablets due to battery fire fears

  • U.S. labor data weigh on dollar, Treasury yields

    Reuters - 31 minutes ago

    By Michael Connor NEW YORK (Reuters) - The dollar fell and benchmark U.S. Treasury yields touched multi-week lows on Friday as an unexpectedly weak government reading of American labor costs dulled prospects for higher U.S. interest rates. Wall Street stock prices closed down, after surrendering early gains from the Employment Cost Index data showing the smallest quarterly increase in 33 years. Oil prices declined by 2 to 3 percent on growing worries about global oversupply. More »U.S. labor data weigh on dollar, Treasury yields

  • Wie drops out as Pettersen sets pace at windy Turnberry

    Reuters - 32 minutes ago

    Norway's Suzann Pettersen surged two strokes clear of the field while world number 17 Michelle Wie of the U.S. pulled out with a sore ankle in the Women's British Open second round on Friday. Pettersen, ranked sixth in the world, overcame a strong breeze at the Turnberry links to shoot a three-under-par 69 for a seven-under tally of 137. "I felt I was in 100 percent control of the ball, the flight, the spin, everything you need to do in conditions like this," said Pettersen who is chasing the third major championship of her career. More »Wie drops out as Pettersen sets pace at windy Turnberry

  • Pot industry's bank bid rejected by federal regulators

    Associated Press - 34 minutes ago

    DENVER (AP) — A Colorado credit union is hoping a federal judge will intervene to let the booming marijuana industry move its finances from cash-stuffed suitcases to the regulated banking system. More »Pot industry's bank bid rejected by federal regulators

  • US stocks end lower as energy stocks slump on earnings

    Associated Press - 38 minutes ago

    NEW YORK (AP) — Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks. More »US stocks end lower as energy stocks slump on earnings

  • University of Connecticut says hit by hackers from China

    Reuters - 39 minutes ago

    By Richard Weizel MILFORD, Conn. (Reuters) - The social security numbers and credit card details of up to 6,000 University of Connecticut students, faculty and others may have been stolen by cyberhackers from China, the university said on Friday. Officials detected a potential breach of the School of Engineering's network in March and an investigation uncovered that hackers may have gained access to it as early as September, 2013, spokesman Tom Breen said. Breen said the hack has been traced to China "based on the type of cyber-attack that was launched, and the software used." He added the FBI and several state agencies have been notified. More »University of Connecticut says hit by hackers from China

  • Venezuela supermarket looting leaves one dead, dozens detained

    Reuters - 1 hour 14 minutes ago

    One person was killed and dozens were detained following looting of supermarkets in Venezuela's southeastern city of Ciudad Guayana, the state governor said on Friday, amid the ongoing food shortages in the recession-hit OPEC nation. Shoppers seeking scarce consumer staples including milk, rice and flour broke into a supermarket warehouse on Friday morning, leading businesses in the area to shut their doors, local newspaper Correo del Caroni reported. State governor Francisco Rangel of the ruling Socialist Party said the looting was politically motivated. More »Venezuela supermarket looting leaves one dead, dozens detained

  • FDA warns of security flaw in Hospira infusion pumps

    Reuters - 1 hour 16 minutes ago

    By Jim Finkle BOSTON (Reuters) - The U.S. Food and Drug Administration on Friday advised hospitals to stop using Hospira Inc's Symbiq infusion system, saying a security vulnerability could allow cyber attackers to take control of the system remotely. The agency issued the advisory some 10 days after the U.S. Department of Homeland Security warned of the vulnerability in the pump, which is used to deliver medications directly into the bloodstream of patients. The FDA and DHS cited research from independent cyber security expert Billy Rios, who found that remote attacks could be launched on patients by accessing a hospital's network. More »FDA warns of security flaw in Hospira infusion pumps

  • Taking on Bush and Rubio, Clinton calls for Cuba embargo end

    Associated Press - 1 hour 20 minutes ago

    MIAMI (AP) — Drawing a sharp distinction with Republican rivals in the pivotal election state of Florida, Hillary Rodham Clinton on Friday called on the GOP-run Congress to end the trade embargo the U.S. has imposed on Cuba since 1962 More »Taking on Bush and Rubio, Clinton calls for Cuba embargo end

  • Analysts forecast 235 million pound H1 pretax profit for takeover target RSA

    Reuters - 1 hour 26 minutes ago

    British insurer RSA , the focus of a possible takeover bid by rival Zurich Insurance , is expected to post a pretax profit of 235 million pounds ($367 million) for the first half of 2015, according to a poll of analysts supplied by RSA on Friday. Zurich said this week that it was weighing a possible cash bid for RSA, driving RSA’s shares up by nearly 20 percent, with speculation the price tag would be 5.5 billion pounds. RSA, best-known for its More Than home and motor insurance brand, says it has held no talks with Zurich and received no proposal. More »Analysts forecast 235 million pound H1 pretax profit for takeover target RSA

  • Facebook's Zuckerberg and wife are expecting a daughter

    Associated Press - 1 hour 27 minutes ago

    SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg and his pediatrician wife, Priscilla Chan, are expecting a baby. More »Facebook's Zuckerberg and wife are expecting a daughter

  • Facebook CEO Zuckerberg and wife expecting a baby girl

    Reuters - 1 hour 29 minutes ago

    By Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg and his wife, Priscilla Chan, are expecting a baby girl, he said on his Facebook page on Friday. Zuckerberg, 31, did not say when their daughter is due but said the pregnancy was far enough along that the risk of miscarriage was low. Zuckerberg, who often uses his Facebook page to make both corporate and personal announcements, opened up about the emotions he and Chan, who is a doctor, have felt while trying to have children. More »Facebook CEO Zuckerberg and wife expecting a baby girl

  • Ukraine sees end of next week as 'absolute' deadline for debt deal - source

    Reuters - 1 hour 32 minutes ago

    By Sujata Rao LONDON (Reuters) - Ukraine sees the end of next week as the "absolute last deadline" for a debt restructuring deal with its bondholders, to avoid imposing a moratorium on payments, a source familiar with the situation said on Friday. The source also said that a new restructuring proposal submitted by a group of Ukraine's biggest creditors does not represent a better deal for Kiev than a previous plan because of all the conditions attached to it. "The end of next week is the absolute last deadline to agree on terms of a deal in line with the IMF program targets if a moratorium on the September 2015 payment and other bond payments is to be avoided," the source said, referring to terms contained in a bailout agreed for Ukraine in March and led by the International Monetary Fund. More »Ukraine sees end of next week as 'absolute' deadline for debt deal - source

  • After Ebola criticisms, WHO plans for four-month epidemic response

    Reuters - 1 hour 36 minutes ago

    By Tom Miles GENEVA (Reuters) - The World Health Organization is creating a "blueprint" to improve the medical response to major outbreaks of diseases, after it was accused of reacting too slowly to West Africa's Ebola epidemic, it said on Friday. "The goal is to reduce the time from recognition of an outbreak to the availability of new medical tools to four months or less," WHO Director-General Margaret Chan told a news conference in Geneva. No one wants to see clinicians, doctors, left empty handed again." The plan is likely to cover influenza strains such as H5N1 and could help prepare for a worsening spread of Middle East Respiratory Syndrome (MERS), among other diseases, WHO officials said. More »After Ebola criticisms, WHO plans for four-month epidemic response

  • Vaccine success holds hope for end to deadly scourge of Ebola

    Reuters - 1 hour 36 minutes ago

    By Kate Kelland and Tom Miles LONDON/GENEVA, (Reuters) - The world is on the verge of being able to protect humans against Ebola, the World Health Organization said on Friday, as a trial in Guinea found a vaccine to have been 100 percent effective. Initial results from the trial, which tested Merck and NewLink Genetics’ VSV-ZEBOV vaccine on some 4,000 people who had been in close contact with a confirmed Ebola case, showed complete protection after 10 days. The vaccine could now be used to help end the worst recorded outbreak of Ebola, which has killed more than 11,200 people in West Africa since it began in December 2013. More »Vaccine success holds hope for end to deadly scourge of Ebola

  • After Merck success, work goes on with other Ebola vaccines

    Reuters - 1 hour 36 minutes ago

    By Ben Hirschler LONDON (Reuters) - Scientists and drug companies will continue to research the potential of alternative Ebola vaccines, despite a shot from Merck  and NewLink Genetics proving 100 percent effective in a trial in Guinea. Experts said on Friday different kinds of vaccines were needed that might be better suited for different population groups. Because Merck's VSV-ZEBOV is a live, or replicating, vaccine, there were initial worries about its safety. More »After Merck success, work goes on with other Ebola vaccines

  • Pacific Rim free trade talks go down to the wire

    Reuters - 1 hour 38 minutes ago

    Talks on a Pacific Rim free-trade pact faced a fast-approaching deadline on Friday as trading partners aimed to wrap up a deal within hours, with issues including trade in dairy products and monopoly periods for next-generation drugs still unresolved. "We are still aiming to conclude the negotiations by the time of the news conference," Japanese Economy Minister Akira Amari said before heading into a plenary session. "Some countries are insisting on enormous demands and that's the cause of the impasse." Dairy exports are a top sticking point, with New Zealand - which has said it will not back a deal that is not good for dairy - and Australia seeking more access to Japanese, Canadian and U.S. markets. More »Pacific Rim free trade talks go down to the wire

  • HSBC close to $4 billion sale of Brazilian unit - FT

    Reuters - 1 hour 48 minutes ago

    (Reuters) - HSBC Holdings Plc is nearing a sale of its Brazilian unit to Banco Bradesco SA for close to $4 billion, FT reported, citing people familiar with the talks. HSBC may announce the deal when it reports results on Monday, the FT report said. Reuters recently reported that Bradesco, Brazil's No. 2 private-sector bank, was in exclusive talks to acquire HSBC Bank Brasil Banco Múltiplo, as the unit is formally known, for a deal that would value the unit at about 12 billion reais ($3.75 billion), or 1.2 times book value. More »HSBC close to $4 billion sale of Brazilian unit - FT

  • Calais Migrant Crisis: Firms Count The Cost

    Sky News - 8 minutes ago

    Business groups are warning that the Calais migrant crisis is "a threat to the long-term viability" of British companies - as firms begin to count the cost of delays to travel through the Channel Tunnel. More »Calais Migrant Crisis: Firms Count The Cost

  • Greece's stock market to reopen as bailout talks progress

    Associated Press - 2 hours 1 minute ago

    ATHENS, Greece (AP) — Greece's government announced that the Athens Stock Exchange will reopen Monday, a big step toward normalcy as talks with international creditors shifted into high gear. More »Greece's stock market to reopen as bailout talks progress

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