• Struggling Hanover replace Korkut with Frontzeck

    Reuters - Mon, Apr 20, 2015

    Struggling Hanover 96 appointed Michael Frontzeck to replace sacked coach Tayfun Korkut on Monday, handing the former Germany international a deal for the last five matches of the season. Frontzeck, a former assistant coach at Hanover in 2004/5, has the difficult task of keeping them up despite their current 13-game winless run in the league. Korkut was sacked earlier on Monday, two days after a 4-0 defeat by Bayern Leverkusen left them fighting for Bundesliga survival with five matches remaining. "Michael Frontzeck has our full trust as the new coach to keep the team in the top division," said Hanover boss Martin Kind in a statement. More »Struggling Hanover replace Korkut with Frontzeck

  • Japanese economy minister says trade talks with U.S. in final stage

    Reuters - Mon, Apr 20, 2015

    Japan and the United States made enough progress in trade talks in recent days to give momentum to a Pacific-wide free-trade pact, Japan's Economy Minister Akira Amari said early Tuesday. This represents enough progress to be welcomed by Prime Minister Shinzo Abe and President Barack Obama when the leaders meet on April 28, he said. A bilateral deal is vital to the success of a 12-nation Trans-Pacific Partnership (TPP) trade pact. More »Japanese economy minister says trade talks with U.S. in final stage

  • Morgan Stanley posts highest profit since financial crisis

    Reuters - Mon, Apr 20, 2015

    By Anil D'Silva and Avik Das (Reuters) - Wall Street investment bank Morgan Stanley reported its most profitable quarter since the financial crisis on Monday, boosted by higher revenue from trading bonds and equities. The bank's trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy. Morgan Stanley capped a mostly strong quarter for the big U.S. banks with its 60 percent rise in net profit, followed by Goldman Sachs Group Inc , whose profit jumped 41 percent. "We did not dial up risk to generate these earnings," Chief Executive James Gorman said on a call to discuss what he described as the bank's "strongest quarter in many years." Morgan Stanley is focusing less on bond markets and more on managing money for the rich as a way to free up capital and meet stricter regulatory rules imposed since the financial crisis. More »Morgan Stanley posts highest profit since financial crisis

  • Fugitive fails to revive Facebook lawsuit, block criminal case

    Reuters - Mon, Apr 20, 2015

    By Jonathan Stempel NEW YORK (Reuters) - A federal appeals court on Monday forcefully rejected the fugitive Paul Ceglia's effort to revive what U.S. prosecutors have called his fraudulent lawsuit to extort social media company Facebook Inc and its founder Mark Zuckerberg. The 2nd U.S. Circuit Court of Appeals in New York said "overwhelming forensic evidence" showed that a 2003 "Work for Hire" contract that Ceglia claimed entitled him to a 50 percent stake in Facebook was forged. Facebook's market value was about $226 billion as of Friday's market close. "We believe the facts plainly show that the Work for Hire contract is authentic." A spokeswoman for Facebook said: "We are pleased that the truth has prevailed." A spokeswoman for U.S. Attorney Preet Bharara in Manhattan declined to comment. More »Fugitive fails to revive Facebook lawsuit, block criminal case

  • US stocks gain, rebounding from Friday's slump

    Associated Press - Mon, Apr 20, 2015

    U.S. stocks rose on Monday, rebounding from a big slump on Friday. Good first-quarter earnings reports gave the market a boost. Hasbro was one of the day's big winners after the toy maker reported results ... More »US stocks gain, rebounding from Friday's slump

  • Russia's World Cup critics should 'stay at home', says Blatter

    Reuters - Mon, Apr 20, 2015

    By Denis Dyomkin SOCHI (Reuters) - World politicians unhappy that Russia will host the 2018 World Cup should "stay at home", FIFA president Sepp Blatter said on a visit to host venue Sochi on Monday. "If a few politicians are not particularly happy that we are hosting the World Cup in Russia, then I always tell them: 'Well then, stay at home'," Blatter told reporters at a meeting with Russian President Vladimir Putin. The Swiss said he was happy with Russia's progress in preparing for the tournament which will be hosted in 11 cities. Earlier this month, a group of U.S. senators urged football's governing body to strip Russia of its role as host nation, objecting to Moscow's role in the Ukraine crisis. More »Russia's World Cup critics should 'stay at home', says Blatter

  • Rock band The Slants cannot trademark disparaging name - U.S. appeals court

    Reuters - Mon, Apr 20, 2015

    By Andrew Chung NEW YORK (Reuters) - Asian-American rock band the Slants, which says it chose its name as a way to reclaim a term usually considered a racial slur, cannot trademark the name because it is disparaging, a U.S. appeals court ruled on Monday. The decision by the U.S. Court of Appeals for the Federal Circuit rejected the band's argument that the government's refusal to grant a trademark violated its free speech rights. The ruling could have implications for the high-profile fight over whether the National Football League's Washington Redskins should lose its trademarks. The Portland, Oregon-based band, which plays a kind of grunge music it calls Chinatown Dance Rock, applied for trademarks in 2010 and 2011, and was rejected both times on the grounds the name disparaged Asians. More »Rock band The Slants cannot trademark disparaging name - U.S. appeals court

  • Cirque du Soleil sells majority stake to private equity

    Associated Press - Mon, Apr 20, 2015

    TORONTO (AP) — The founder of the Cirque Du Soleil said Monday he is giving up the majority stake in his circus troupe that has wowed audiences worldwide for 30 years and propelled him from street performer to billionaire. More »Cirque du Soleil sells majority stake to private equity

  • U.S. and Japan narrow gaps substantially in trade talks - U.S. trade representative

    Reuters - Mon, Apr 20, 2015

    The United States and Japan have made significant progress in trade talks over recent days, adding momentum to multilateral efforts towards a free-trade pact, U.S. Trade Representative Michael Froman said early on Tuesday. The two sides narrowed their gaps substantially in the bilateral discussions, Froman told reporters after two days of talks with Economy Minister Akira Amari, following senior working-level discussions last week. The bilateral deal between the two nations is vital to the success of a 12-nation Trans-Pacific Partnership (TPP) trade pact. Amari has said the two sides want to make enough progress to be welcomed at a summit of Prime Minister Shinzo Abe and President Barack Obama next week in Washington. More »U.S. and Japan narrow gaps substantially in trade talks - U.S. trade representative

  • U.S. Supreme Court rejects appeal over Arizona 'fish pedicures'

    Reuters - Mon, Apr 20, 2015

    The U.S. Supreme Court on Monday rejected an appeal by the owner a Phoenix-area spa that ran afoul of Arizona state regulations that barred her from providing pedicures in which clients have their feet nibbled by small fish to remove dead skin. The procedure involves customers placing their feet in a water tank filled with toothless Garra rufa fish, also known as doctor fish, which suck the dead tissue off their feet to leave them feeling softer. Cindy Vong, who has operated a nail salon in the Phoenix suburb of Gilbert since 2006, introduced the treatment in 2008. In 2009, Vong was told by the Arizona Board of Cosmetology that the treatment violated the agency's safety standards, and that she could face criminal charges. More »U.S. Supreme Court rejects appeal over Arizona 'fish pedicures'

  • Air strike on missile base in Yemen capital kills 25, wounds hundreds

    Reuters - Mon, Apr 20, 2015

    An air strike on a Scud missile base in the Houthi-controlled Yemeni capital Sanaa triggered a big explosion that killed 25 people and wounded almost 400 on Monday, state news agency Saba said. Saudi Arabia has led an alliance of Sunni Arab countries in air strikes against the Iran-allied Shi'ite Houthi group and army units loyal to ex-president Ali Abdullah Saleh. More »Air strike on missile base in Yemen capital kills 25, wounds hundreds

  • L'Oreal says demand slowed in Europe for mass beauty

    Reuters - Mon, Apr 20, 2015

    L'Oreal said on Monday the market for mass beauty products in western Europe had slowed in the early part of the year but was still growing moderately in North America as it posted a 14.1 percent rise in first-quarter sales. The maker of Garnier shampoo and Maybelline, whose figures broadly met expectations, received a boost from the weak euro and resilient demand for luxury goods products such as Yves Saint Laurent's Black Opium perfume. Looking forward, L'Oreal forecast sales growth in the first quarter would be below its average for the year thanks to an improvement in demand for mass market consumer beauty products later in the year. "Growth will come from an acceleration of the consumer division," L'Oreal Chief Executive Jean-Paul Agon said in a conference call with analysts. More »L'Oreal says demand slowed in Europe for mass beauty

  • ESPN says Verizon's new FiOS TV packages violate agreements

    Associated Press - Mon, Apr 20, 2015

    NEW YORK (AP) — Breaking up the cable-TV bundle won't be easy. More »ESPN says Verizon's new FiOS TV packages violate agreements

  • ECB's quantitative easing delivered strong signal for markets, Noyer says

    Reuters - Mon, Apr 20, 2015

    The European Central Bank's asset purchase programme has already been an effective signal to financial markets, showing policies will be accommodative for a long while, ECB Governing Council member Christian Noyer said on Monday. "The asset purchase programme which will last until the end of September 2016 has been an important and clear signal of the exapansionary monetary policy stance over an extended horizon," Noyer said at a Paris Europlace forum in New York. "Those signalling effects have been very effective," he added, given the "significant movements" in financial markets including lower across-the-board bond yields and higher equity prices. Under a quantitative easing (QE) programme which started in early March, the ECB aims to buy 60 billion euros of bonds a month until September 2016, or until inflation is back on a path towards the bank's target of just under 2 percent. More »ECB's quantitative easing delivered strong signal for markets, Noyer says

  • Sturgeon Vows To Act In Interest Of All UK

    Sky News - Mon, Apr 20, 2015

    Nicola Sturgeon has launched the SNP's election manifesto pledging an end to austerity and offering "a hand of friendship" to people across the UK. Reaching out beyond its traditional heartland for the first time, Ms Sturgeon outlined plans to create a  "progressive" alliance at Westminster, with the promise to increase public spending not just in Scotland but the whole of Britain. Opinion polls indicate the SNP could win as many as 56 of Scotland's 59 seats at the election, which could see the nationalists hold the balance of power in the event of another hung parliament. Speaking to an enthusiastic crowd, Ms Sturgeon pledged to stand up for Scotland's interests, but also said the views of people in England, Wales and Northern Ireland mattered to her. More »Sturgeon Vows To Act In Interest Of All UK

  • Boat with dozens of migrants runs aground off Greek island, at least three dead

    Reuters - Mon, Apr 20, 2015

    A wooden sailboat carrying dozens of immigrants ran aground on Monday off the coast of the Greek island of Rhodes and at least three people have drowned, the Greek coast guard said. "We have recovered three bodies so far - that of a man, a woman and a child," a Greek coast guard official said. The incident followed the drowning of hundreds of migrants after their boat capsized off the Libyan coast on Sunday. Greek TV footage showed parts of the boat in the latest disaster floating in the water off Rhodes and people holding on to it or swimming to the shore. More »Boat with dozens of migrants runs aground off Greek island, at least three dead

  • Germany, defying Turkey, to call 1915 Armenian massacre 'genocide'

    Reuters - Mon, Apr 20, 2015

    By Erik Kirschbaum BERLIN (Reuters) - The German government backed away on Monday from a steadfast refusal to use the term "genocide" to describe the massacre of up to 1.5 million Armenians by Ottoman Turkish forces 100 years ago after rebellious members of parliament forced its hand. In a major reversal in Turkey's top trading partner in the European Union and home to millions of Turks, Germany joins other nations and institutions including France, the European parliament and Pope Francis in using the term condemned by Turkish President Tayyip Erdogan. Chancellor Angela Merkel's spokesman Steffen Seibert said the government would support a resolution in parliament on Friday declaring it an example of genocide. Germany had long resisted using the term "genocide" even though France and other nations have. More »Germany, defying Turkey, to call 1915 Armenian massacre 'genocide'

  • Bangladesh's opposition leader attacked at election rally but unhurt

    Reuters - Mon, Apr 20, 2015

    By Serajul Quadir DHAKA (Reuters) - Assailants wielding iron rods attacked the car of Bangladesh's former prime minister and main opposition leader Khaleda Zia on Monday during an election rally and then shot at it as the vehicle sped away but she was unhurt, officials said. The attack highlighted tensions in the politically unstable South Asian country, where Khaleda's Bangladesh Nationalist Party (BNP) has stepped up protests aimed at forcing Prime Minister Sheikh Hasina to quit and hold a new national election following a disputed 2014 poll. BNP spokesman Mohammad Shamsuddin told Reuters Khaleda had been addressing a rally for a mayoral election in the capital Dhaka from her car when the men tried to attack it with iron rods and sticks. More »Bangladesh's opposition leader attacked at election rally but unhurt

  • Toll of Yemen air strike at least 25 dead, 398 wounded - state news agency

    Reuters - Mon, Apr 20, 2015

    The toll from an air strike on a missile base in the Yemeni capital Sanaa on Monday has risen to at least 25 dead and 398 wounded, the state news agency Saba said. "Twenty-five citizens were killed and more than 398 were wounded, mostly women and children, according to a preliminary figure after the Saudi aggression's bombing today on the districts of Hadda and Attan in the capital Sanaa," said the agency, which is run by the Houthi militia group. More »Toll of Yemen air strike at least 25 dead, 398 wounded - state news agency

  • Germany to raise 2015 growth forecast to 1.8 percent - sources

    Reuters - Mon, Apr 20, 2015

    The German government plans to raise its growth forecast for this year to 1.8 percent and expects a similar rate of growth for 2016, two government sources told Reuters on Monday. More »Germany to raise 2015 growth forecast to 1.8 percent - sources

  • Hospital Boss Pay Hikes Enough For 1,300 Nurses

    Sky News - Mon, Apr 20, 2015

    Inflation-busting pay rises for hospital bosses totalling £35m could have paid for more than 1,300 new nurses, according to Sky News' calculations. A Daily Mail investigation found some executives earned more than £1m last year, and even at hospitals with the worst standards of care directors received pay packages worth up to £5,000 per day. The figures emerged after the Mail carried out an audit of trust accounts and found exploitation of the NHS pension scheme by some senior executives. Health Secretary Jeremy Hunt vowed to launch an investigation, even though NHS England told Sky News "pay is set by the Department of Health" and is then awarded to executives by individual NHS trusts. More »Hospital Boss Pay Hikes Enough For 1,300 Nurses

  • Rothschild vehicle considering offer for coal miner ARMS

    Reuters - Mon, Apr 20, 2015

    (Reuters) - A trust controlled by British financier Nat Rothschild and the parent of Russia's Siberian Coal Energy Co are considering making a cash offer for coal miner Asia Resource Minerals Plc , which has most of its operations in Indonesia. The potential offer from NR Holdings and SUEK Plc comes less than a week after ARMS received notice of a possible 210 million pound ($313 million) bid from Asia Coal Ventures (ACE), a vehicle funded by Indonesia's Sinarmas Group. ACE's potential bid risks scuppering a long-awaited restructuring of ARMS backed by Rothschild, who co-founded the company with Indonesia's prominent Bakrie family in 2010. NR Holdings said the restructuring would give ARMS financial stability in the short and medium term. More »Rothschild vehicle considering offer for coal miner ARMS

  • AP NewsBreak: EU to put Thailand 1 step away from fish ban

    Associated Press - Mon, Apr 20, 2015

    LUXEMBOURG (AP) — The European Union is to give Thailand six months to drastically change its policies on illegal and unregulated fishing or face an EU seafood import ban by the end of the year. More »AP NewsBreak: EU to put Thailand 1 step away from fish ban

  • I am used to threat posed by Djokovic, says Nadal

    Reuters - Mon, Apr 20, 2015

    A red hot Novak Djokovic is being tipped to end Rafa Nadal's stranglehold at Roland Garros in June but the Spaniard dismissed the threat as being no different to those he has faced before. He comfortably beat Nadal on his beloved red clay in last week's Monte Carlo Masters semi-finals, and the nature of Djokovic's 6-3 6-3 mauling means plenty are backing him to complete his collection of grand slam titles this year by winning his first French Open. More »I am used to threat posed by Djokovic, says Nadal

  • Frederick's of Hollywood files for Chapter 11 bankruptcy

    Associated Press - Mon, Apr 20, 2015

    Racy lingerie retailer Frederick's of Hollywood is seeking bankruptcy protection in federal court after closing all of its stores and switching to an online-only business, which it intends to sell to the highest bidder. More »Frederick's of Hollywood files for Chapter 11 bankruptcy

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