• LinkedIn 2Q caps rough week for social media stocks

    Associated Press - Thu, Jul 30, 2015

    NEW YORK (AP) — It hasn't been a good week for social media companies, not even for the usually reliable professional networking service LinkedIn Corp. More »LinkedIn 2Q caps rough week for social media stocks

  • USOC official keeping eye on Rio waters but would canoe

    Reuters - Thu, Jul 30, 2015

    (Reuters) - The U.S. Olympic Committee is paying close attention to the water quality for sailors and rowers at the 2016 Rio Olympics, but USOC chief of sport Alan Ashley said he would have no qualms taking a canoe on the polluted waters. "I would do it," Ashley said during a conference call on Thursday marking the upcoming 100 days out from the Rio Games about going on a canoe ride at the Olympic site. The International Olympic Committee said in a statement that it was in continual dialogue with organizers on ensuring the waters were clean enough. More »USOC official keeping eye on Rio waters but would canoe

  • Brazil's Rousseff announces more education spending cuts

    Reuters - Thu, Jul 30, 2015

    By Luciana Otoni and Asher Levine BRASILIA/SAO PAULO (Reuters) - Brazil announced another cut to education spending on Thursday, the latest step back from President Dilma Rousseff's pledge to turn the Latin American giant into an "education nation" in her second term. Brazil will reduce the amount it spends on education by 1 billion reais ($296.7 million) this year as part of a round of budget cuts announced last week, according to a special edition of the official gazette published late on Thursday. The reduction comes on top of nearly 9.5 billion reais in education spending cuts implemented in May as the government works to slash expenditures and ward off a sovereign credit downgrade by rating agencies. More »Brazil's Rousseff announces more education spending cuts

  • Checked bag fees are here to stay - United Airlines CEO

    Reuters - Thu, Jul 30, 2015

    By Jeffrey Dastin NEW YORK (Reuters) - Still hoping for the day airlines let all customers check bags and make reservation changes for free? Forget it, said United Continental Holdings Inc's Chief Executive Jeff Smisek at an industry lunch on Thursday, defending airlines even as they reap billions in profit and face federal probes into pricing practices. Some travellers are "having difficulty recognising that we're now a business," Smisek told attendees, recalling the bankruptcies and mergers that reshaped the loss-making industry in the decade after the attacks of Sept. 11, 2001. More »Checked bag fees are here to stay - United Airlines CEO

  • China's little secret - a thriving, free market in shares

    Reuters - Thu, Jul 30, 2015

    By Elzio Barreto HONG KONG (Reuters) - Far away from the glare of China's stock market chaos, stampede of sell orders and freeze on new listings, the spirit of free markets is alive and kicking right in the nation's capital. A small stock exchange set up in Beijing three years ago to attract small and medium-sized companies, the so-called New Third Board (NTB), is flourishing, even as Chinese authorities struggle to bend the nation's main stock markets to their will. China this month shut the door for new initial public offers on its two main exchanges to stop more money draining out of these markets, but the freeze did not apply to the NTB, which is not a formal exchange and is aimed at professional investors. More »China's little secret - a thriving, free market in shares

  • Airbus seeks to rebuild trust as A400M systems fall short

    Reuters - Thu, Jul 30, 2015

    By Tim Hepher PARIS (Reuters) - Airbus Group has told buyer nations of the A400M transporter aircraft that it cannot deliver all of its high-tech defences according to plan, casting a shadow over some of its military uses as Europe battles growing instability on its borders. Another solution is to space the jumps, but this can expand the drop zone. More »Airbus seeks to rebuild trust as A400M systems fall short

  • No deal done to back Platini says CONCACAF powerbroker

    Reuters - Thu, Jul 30, 2015

    By Simon Evans ZURICH (Reuters) - FIFA presidential hopeful Michel Platini has not secured the formal backing of the CONCACAF region, the head of the influential Caribbean Football Union (CFU) said on Thursday suggesting the claim was “just politics”. CONCACAF has 35 votes in February’s election to replace outgoing FIFA president Sepp Blatter and while there have been some media reports that the governing body for North and Central America and the Caribbean has backed Platini, CFU president Gordon Derrick told Reuters that is not the case. More »No deal done to back Platini says CONCACAF powerbroker

  • In rural China, shoppers go online - with a little help

    Reuters - Thu, Jul 30, 2015

    By Sue-Lin Wong TONGLU, China (Reuters) - Cheng Yonghao left his village in central Henan province almost 20 years ago, not expecting to return. Cheng is just one of an army of local recruits who are part of Alibaba Group's big bet on rural e-commerce as China's internet giants invest billions in outpost service hubs to tap a market twice the size of the United States. E-commerce growth in the countryside now outpaces that in major cities, though fewer than one tenth of online purchases made on Alibaba platforms were shipped to rural areas in the first quarter of this year. More »In rural China, shoppers go online - with a little help

  • Zico's FIFA bid gets lukewarm backing from CBF

    Reuters - Thu, Jul 30, 2015

    By Andrew Downie SAO PAULO (Reuters) - Zico has been promised the backing of the Brazilian Football Confederation (CBF) for his bid to run for the FIFA presidency if he can show he has the support of four other federations. The former Brazil international visited the CBF headquarters in Rio de Janeiro and met president Marco Polo del Nero on Thursday in an attempt to get his candidacy off the ground. "Zico has our support to look into a candidacy. More »Zico's FIFA bid gets lukewarm backing from CBF

  • Greece's Tsipras asserts control over party with congress vote

    Reuters - Thu, Jul 30, 2015

    By Renee Maltezou and Angeliki Koutantou ATHENS (Reuters) - Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to assert his control over rebel lawmakers balking at new bailout talks. At a meeting of the Syriza movement's 200-member central committee held in an old cinema hall, Tsipras defended his decision to accept harsh bailout terms as the best deal anyone could win for Greece. The emergency congress will allow Tsipras to bring in new members and capitalise on the wider public support he has secured over the past two years, making it easier to defeat the far-left camp. More »Greece's Tsipras asserts control over party with congress vote

  • Researcher says can hack GM's OnStar app, open vehicle, start engine

    Reuters - Thu, Jul 30, 2015

    By Jim Finkle and Bernie Woodall BOSTON/DETROIT (Reuters) - A researcher is advising drivers not to use a mobile app for General Motors Co's OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. "White-hat" hacker Samy Kamkar posted a video on Thursday saying he had figured out a way to "locate, unlock and remote-start" vehicles by intercepting communications between the OnStar RemoteLink mobile app and the OnStar service. More »Researcher says can hack GM's OnStar app, open vehicle, start engine

  • Indian Ocean debris almost certainly from Boeing 777

    Reuters - Thu, Jul 30, 2015

    By Joe Brock SAINT-DENIS, Reunion (Reuters) - Plane debris washed up on the French island of Reunion in the Indian Ocean is almost certainly part of a Boeing 777, a Malaysian official and aviation experts said, potentially providing some answers for families of those aboard last year's vanished flight MH370. Malaysian investigators are due in Reunion on Friday and the object, identified by numerous aviation experts as part of a wing, is then due to be sent to a French military laboratory near Toulouse for checks, French police sources said. National carrier Malaysia Airlines was operating a Boeing 777 on the ill-fated flight, which disappeared in March last year en route from Kuala Lumpur to Beijing in one of the most baffling mysteries in aviation history. More »Indian Ocean debris almost certainly from Boeing 777

  • Sultans of shrink pack more chips into smart wearables

    Reuters - Thu, Jul 30, 2015

    By Michael Gold TAIPEI (Reuters) - The latest chapter in the miniaturisation of increasingly smart consumer electronics lies in the hands of chip packagers, an indispensable group of firms whose role in the supply chain alone is worth $27 billion. Packagers like Taiwan's Advanced Semiconductor Engineering Inc (ASE) <2311.TW> receive chips from manufacturers and prepare them for device assemblers by, for instance, encasing them in metal and resin. The advent of wearable devices, particularly Apple Inc's Apple Watch and its dozens of chips, pushed packagers to devise innovative ways of cramming ever-more communications, graphics and location chips into the tiniest of spaces. More »Sultans of shrink pack more chips into smart wearables

  • Oliver suffers Diamond Race setback, Fraser-Pryce wins

    Reuters - Thu, Jul 30, 2015

    World champion David Oliver failed in his bid to wrap up the 110 metres hurdles Diamond Race title after finishing third in the Stockholm Diamond League meeting on Thursday.     The American's lead was cut to two points after he was beaten by Cuba's Orlando Ortega and Russian Sergey Shubenkov although he will get another chance to seal overall victory in the season-ending Zurich meeting. Women's 100 metres world champion and Diamond Race leader Shelly-Ann Fraser-Pryce won in 10.93 seconds ahead of American Tori Bowie and fellow Jamaican Natasha Morrison. Caterine Ibarguen, unbeaten in 28 competitions, comfortably won the women's triple jump with a leap of 14.69 metres, beating her nearest rival, Kazakhstan's Olga Rypakova, by 39cm. More »Oliver suffers Diamond Race setback, Fraser-Pryce wins

  • Canada's election campaign seen starting Sunday

    Reuters - Thu, Jul 30, 2015

    By Randall Palmer and Allison Lampert OTTAWA/MONTREAL (Reuters) - Speculation mounted on Thursday that Canada's election campaign will formally begin on Sunday, with the governing Conservatives planning a Montreal rally on Sunday evening at which Prime Minister Stephen Harper is expected to speak. The Conservative campaign spokesman, Kory Teneycke, also said on CBC television that the first election debate, on Aug 6, would be within the formal part of the campaign. By law, Harper must do so by Sept. 13, but Conservative sources said this week that he would likely opt to start early, possibly the first week of August. More »Canada's election campaign seen starting Sunday

  • Greece's Syriza to go to party congress as dissent rumbles

    Reuters - Thu, Jul 30, 2015

    Greece's ruling Syriza party on Thursday backed a call from Prime Minister Alexis Tsipras for an emergency party congress, as he sought to assert authority following a revolt by hardliners on his handling of bailout talks. The congress would be held in September, party officials said. More »Greece's Syriza to go to party congress as dissent rumbles

  • Brilinta? Brintellix? FDA warns of drug name mix-ups

    Associated Press - Thu, Jul 30, 2015

    NEW YORK (AP) — The Food and Drug Administration said Thursday that some doctors and pharmacies are getting confused by the similar names of an antidepressant and a blood-thinning medicine. More »Brilinta? Brintellix? FDA warns of drug name mix-ups

  • Expedia beats Wall Street view, shares rise

    Reuters - Thu, Jul 30, 2015

    (Reuters) - Expedia Inc on Thursday posted a second-quarter profit above analysts' expectations and announced a larger dividend as travel bookings grow, sending its shares up more than 7 percent in after-market trade. Expedia, which became the world's largest online travel services company by bookings in the first quarter, earned $449.6 million in the second quarter. On an adjusted basis, it earned $118.6 million, or 89 cents per share, compared to analysts' average estimate of 84 cents per share, according to Thomson Reuters I/B/E/S. The company, which owns the website that bears its name as well as Hotels.com, Hotwire and a host of other brands, said its board of directors approved a 33 percent rise in its September dividend to 24 cents per share. More »Expedia beats Wall Street view, shares rise

  • U.S. political fight over Iran nuclear deal goes Hollywood

    Reuters - Thu, Jul 30, 2015

    By Idrees Ali WASHINGTON (Reuters) - The U.S. political battle over the Iran nuclear agreement has gone Hollywood, thanks to a new video strongly backing the deal featuring boldface names from Jack Black and Morgan Freeman to former spy Valerie Plame and Jordan's Queen Noor. The video by the anti-nuclear group Global Zero takes a light-hearted tone, far from the jibes, and insults thrown in Congress between Obama administration officials and Republicans who are sceptical of the deal. "The agreement currently on the table is the best way to ensure that Iran doesn’t build a f**king bomb," actor Morgan Freeman says in the three-minute spot, in which his expletive is bleeped out. More »U.S. political fight over Iran nuclear deal goes Hollywood

  • Facebook ready to test giant drone for Internet service

    Associated Press - Thu, Jul 30, 2015

    MENLO PARK, Calif. (AP) — Facebook says it will begin test flights later this year for a solar-powered drone with a wingspan as big as a Boeing 737, in the next stage of its campaign to deliver Internet connectivity to remote parts of the world. More »Facebook ready to test giant drone for Internet service

  • Mexico ups dollar auction to $200 million to boost peso

    Associated Press - Thu, Jul 30, 2015

    MEXICO CITY (AP) — Mexico's central bank said Thursday it will increase dollar auctions from $52 million to $200 million per day through the end of September to stabilize the badly weakened peso. More »Mexico ups dollar auction to $200 million to boost peso

  • Spring rebound for US economy sets stage for Fed rate hike

    Associated Press - Thu, Jul 30, 2015

    WASHINGTON (AP) — The U.S. economy isn't moving at warp speed, but it looks like it will be strong enough to handle an expected interest rate increase later this year. More »Spring rebound for US economy sets stage for Fed rate hike

  • Goosen and Ishikawa set early pace with 63s

    Reuters - Thu, Jul 30, 2015

    (Reuters) - Veteran South African Retief Goosen drew on good memories of past Presidents Cups played at Robert Trent Jones Golf Club as he charged into a tie for the early lead at the Quicken Loans National in Virginia on Thursday. Goosen covered his back nine in a sparkling four-under 31 to finish level with 23-year-old Japanese Ryo Ishikawa, who reeled off five consecutive birdies on his front nine before recording a hole-in-one at the par-three fourth after the turn. Justin Leonard and Kevin Chappell fired 64s while fellow American Steve Wheatcroft carded a 65 in the PGA Tour event hosted by Tiger Woods, where play was suspended for 97 minutes earlier in the day due to the threat of lightning. More »Goosen and Ishikawa set early pace with 63s

  • CORRECTED - Facebook profit falls 9 percent as costs soar

    Reuters - Thu, Jul 30, 2015

    (This July 30 story has been corrected to say $330 million instead of $33 million in the second-last paragraph) By Devika Krishna Kumar and Yasmeen Abutaleb (Reuters) - Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth. "We're investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus," Chief Operating Officer Sheryl Sandberg said in an interview on Wednesday after the earnings report. Messenger has more than 700 million users, and the app has been downloaded more than 1 billion times on Android, Google Inc's mobile operating system, Facebook said. More »CORRECTED - Facebook profit falls 9 percent as costs soar

  • Facebook profit falls 9 percent as costs soar

    Reuters - Thu, Jul 30, 2015

    (Story corrects second-last paragraph to say $330 million instead of $33 million) By Devika Krishna Kumar and Yasmeen Abutaleb (Reuters) - Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth. "We're investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus," Chief Operating Officer Sheryl Sandberg said in an interview on Wednesday after the earnings report. Messenger has more than 700 million users, and the app has been downloaded more than 1 billion times on Android, Google Inc's mobile operating system, Facebook said. More »Facebook profit falls 9 percent as costs soar

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