• Asian stocks mostly higher as Japan exports improve

    Associated Press - Wed, Apr 22, 2015

    TOKYO (AP) — Asian stocks were mostly higher Wednesday after Japan reported its first trade surplus in three years, adding optimism to regional sentiment despite a fall on Wall Street. More »Asian stocks mostly higher as Japan exports improve

  • China's Huawei says expects carrier services revenue to reach $11.4 billion in 2015

    Reuters - Wed, Apr 22, 2015

    Chinese telecom equipment maker Huawei Technologies [HWT.UL] said on Wednesday it expects its carrier services revenue to rise 9 percent to $11.4 billion (7.64 billion pounds) this year as it aims to build its presence in the service sector for global carriers. Huawei also said its services revenue accounted for 33 percent of the company's carrier business in 2014. More »China's Huawei says expects carrier services revenue to reach $11.4 billion in 2015

  • Japan government spokesman hopes PM Abe will meet China's Xi

    Reuters - Wed, Apr 22, 2015

    TOKYO (Reuters) - Japan's chief government spokesman said on Wednesday he hoped Prime Minister Shinzo Abe and Chinese leader Xi Jinping would meet later in the day on the sidelines of an Asia-Africa summit in Indonesia, but details of the encounter had yet to be decided. Sino-Japanese ties have chilled in recent years due to feuds over the two neighbours' wartime past as well as territorial rows and regional rivalry. A meeting between the two leaders could promote a cautious rapprochement that began when Abe and Xi met at a summit in Beijing late last year. ... More »Japan government spokesman hopes PM Abe will meet China's Xi

  • Puerto Rico mayor bans horse-drawn carriages in San Juan

    Associated Press - Wed, Apr 22, 2015

    SAN JUAN, Puerto Rico (AP) — The mayor of Puerto Rico's capital has banned horse-drawn carriages in San Juan following allegations of animal abuse. More »Puerto Rico mayor bans horse-drawn carriages in San Juan

  • King, Collins want National Park passes to be sold online

    Associated Press - Wed, Apr 22, 2015

    AUGUSTA, Maine (AP) — Sens. Angus King and Susan Collins are urging federal officials to make it possible for National Park passes to be purchased online or through a phone app. More »King, Collins want National Park passes to be sold online

  • New Orleans going smoke-free in bars, other public places

    Associated Press - Wed, Apr 22, 2015

    NEW ORLEANS (AP) — Smoking in bars and casinos is coming to an end even in this notoriously freewheeling and fun-loving city where drinking on the street and watching a bawdy burlesque are the norm. More »New Orleans going smoke-free in bars, other public places

  • Non-stop Norwegian flights added to Las Vegas airport

    Associated Press - Wed, Apr 22, 2015

    LAS VEGAS (AP) — Norwegian Air Shuttle says it will begin weekly direct flights from Las Vegas to Stockholm and Copenhagen this fall. More »Non-stop Norwegian flights added to Las Vegas airport

  • Woman strip-searched at Detroit airport settles lawsuit

    Associated Press - Wed, Apr 22, 2015

    DETROIT (AP) — A woman of Arab and Jewish descent who was strip-searched at a Detroit-area airport has reached a settlement in a lawsuit filed on her behalf, the American Civil Liberties Union said Tuesday. More »Woman strip-searched at Detroit airport settles lawsuit

  • Blue Bell says it's still trying to pinpoint listeria cause

    Associated Press - Wed, Apr 22, 2015

    HOUSTON (AP) — A massive recall has brought more attention and put more pressure on a century-old Texas ice cream company that has been searching to discover how its products became linked to a deadly string of listeria cases. More »Blue Bell says it's still trying to pinpoint listeria cause

  • Saudis end air campaign in Yemen, seek political solution

    Reuters - Wed, Apr 22, 2015

    By Noah Browning DUBAI (Reuters) - Saudi Arabia announced on Tuesday it was ending a month-long campaign of air strikes against the Houthi rebels who seized large areas of Yemen and said it would back a political solution to bring peace to its war-ravaged neighbour. "Operation Decisive Storm has achieved its goals ...(including) removing the threat to Saudi Arabia and neighbouring countries, especially in terms of heavy weapons," said a statement carried by Saudi state news agency SPA. It would combine political, diplomatic and military action but would focus on "the political process that will lead to a stable and secure future for Yemen." Saudi spokesman Brigadier General Ahmed Asseri said the alliance may still target Houthis. "The coalition will continue to prevent the Houthi militias from moving or undertaking any operations inside Yemen," he told reporters in Riyadh. More »Saudis end air campaign in Yemen, seek political solution

  • Liverpool renew Standard Chartered sponsorship deal

    Reuters - Wed, Apr 22, 2015

    (Reuters) - Liverpool have extended their sponsorship deal with Standard Chartered Bank for three more years to the end of the 2018-19 season, the Premier League club announced on Tuesday. The bank signed up as Liverpool's main sponsor in July 2010, and its logo has been on the team shirt for five seasons. "This extension further demonstrates the great strength of our long-term relationship and the success of our partnership with Standard Chartered," Liverpool's Chief Commercial Officer Billy Hogan said on the club's website. "The sponsorship of the Liverpool shirt is extremely prestigious and only five brands will have adorned the shirt in the 40 years since we created the sponsorship opportunity." Peter Sands, Standard Chartered's group chief executive, said: "Liverpool Football Club is a fantastic club and hugely popular across our global footprint. More »Liverpool renew Standard Chartered sponsorship deal

  • BOJ to cut this fiscal year's CPI forecast, keep upbeat outlook - sources

    Reuters - Wed, Apr 22, 2015

    By Leika Kihara TOKYO (Reuters) - The Bank of Japan is likely to cut its inflation outlook for the current fiscal year next week, but will forecast price growth to roughly reach 2 percent in the following two years, sources said, underscoring the BOJ's conviction that a steady recovery will keep the economy on track to hit the target. Many BOJ policymakers prefer to hold off on further easing at the April 30 rate review, when they issue new long-term projections that will underline their optimism on the recovery and prospects for hitting their 2 percent inflation target, said sources familiar with the central bank's thinking.The BOJ board members will carefully scrutinise risks before reaching a final decision, though it will take a very big cut in this fiscal year's inflation forecast to trigger action, they noted. In the twice-yearly review of its forecasts, the BOJ will slightly cut its core consumer inflation forecast of 1.0 percent for the year to March 2016, taking into account the effect of last year's recession and soft consumption, the sources said. More »BOJ to cut this fiscal year's CPI forecast, keep upbeat outlook - sources

  • IAAF wants Jeptoo ban doubled to four years

    Reuters - Wed, Apr 22, 2015

    Athletics' world governing body has asked the Court of Arbitration for Sport (CAS) to double the two-year doping ban handed out to Kenya's Boston and Chicago marathon winner Rita Jeptoo, CAS said on its website on Tuesday. In the biggest drugs scandal to hit the East African country in recent years, Jeptoo failed an out-of-competition test in September for the blood-booster EPO although she denies doping and has appealed to CAS for the suspension to be lifted. CAS said the International Association of Athletics Federations (IAAF) had requested Jeptoo's "period of ineligibility be increased to four years, due to aggravating circumstances which it argues warrant an extended period of ineligibility". More »IAAF wants Jeptoo ban doubled to four years

  • Obama says U.S. has warned Iran not to send weapons to Yemen

    Reuters - Wed, Apr 22, 2015

    By Roberta Rampton and David Alexander WASHINGTON (Reuters) - President Barack Obama said on Tuesday the U.S. government had sent "very direct messages" to Iran warning it not to send weapons to Yemen that could be used to threaten shipping traffic in the region. The Pentagon said on Tuesday the presence of a large convoy of Iranian cargo ships in the Arabian Sea was one factor in the U.S. decision to deploy additional warships in the waters off war-torn Yemen. More »Obama says U.S. has warned Iran not to send weapons to Yemen

  • Top Mylan shareholders seek deal with Teva - sources

    Reuters - Wed, Apr 22, 2015

    Some of the top investors at Mylan NV , including Paulson & Co, are encouraging its board of directors to consider a takeover proposal from rival Teva Pharmaceutical Industries Inc , according to people familiar with the matter. Teva unveiled an unsolicited $40 billion (26.77 billion pound) takeover proposal on Tuesday for the Canonsburg, Pennsylvania-based company. Paulson, a New York-based hedge fund that owned roughly 14.9 million shares or 3 percent of Mylan as of Dec. 31, declined to comment. A representative for Mylan also declined to comment. More »Top Mylan shareholders seek deal with Teva - sources

  • Yahoo hires advisers, looks at selling Yahoo Japan stake

    Reuters - Wed, Apr 22, 2015

    Yahoo Inc announced it is looking at cashing in its stake in Yahoo Japan Corp, which could be worth almost $9 billion (6.03 billion pounds) before tax, news that boosted Yahoo's stock price. The Internet company has hired advisers to help it evaluate options for the stake, Chief Executive Officer Marissa Mayer told investors on a conference call on Tuesday. It will not be included in the planned spin-off of its stake in China's Alibaba Group Holding Ltd, she said. The advisers will help Yahoo "determine the most promising opportunities to maximize value" for the Yahoo Japan stake, said Mayer. More »Yahoo hires advisers, looks at selling Yahoo Japan stake

  • Analysis - 'Flash crash' market manipulation case poses test for prosecutors

    Reuters - Wed, Apr 22, 2015

    By David Ingram NEW YORK (Reuters) - Charges against a high-frequency trader for helping to spark the 2010 "flash crash" present a test of U.S. prosecutors' ability to win a big market manipulation case and may make other traders nervous they may be next, lawyers said on Tuesday. The charges against Navinder Singh Sarao, 36, drew reactions of astonishment from securities lawyers interviewed by Reuters because criminal charges for market manipulation are so rare. Sarao was arrested in the United Kingdom, after being charged in U.S. District Court in Chicago with fraud and manipulation. The U.S. Commodity Futures Trading Commission filed related civil charges. More »Analysis - 'Flash crash' market manipulation case poses test for prosecutors

  • U.S. Senate may face contentious debate on Iran nuclear bill

    Reuters - Wed, Apr 22, 2015

    By Patricia Zengerle WASHINGTON (Reuters) - The U.S. Senate could plunge into a heated debate on legislation giving Congress the power to review a nuclear deal with Iran as soon as Wednesday, as some Republicans sought to change the bill to take a harder line on any agreement. The Senate Foreign Relations Committee voted 19-0 last week for a compromise version of the bill, in a rare display of bipartisan unity in the deeply divided Congress. Lawmakers said on Tuesday the full Senate could begin debate on Wednesday or Thursday, after Senate leaders reached an agreement ending an impasse over a human trafficking bill and President Barack Obama's nominee to be attorney general. Republican members of the Foreign Relations committee had offered dozens of amendments seeking to make the bill tougher, but most agreed to put aside their concerns in order to reach a compromise that could pass the full Senate and overcome Obama's main objections. More »U.S. Senate may face contentious debate on Iran nuclear bill

  • Flawless 100-carat diamond sells for $22.1 million at NY auction

    Reuters - Wed, Apr 22, 2015

    An eye-popping, 100-carat diamond, the highlight of a magnificent jewels sale in New York on Tuesday, sold for $22.1 million, Sotheby's auction house said. It had a pre-sale estimate of $19 million to $25 million. Gary Schuler, the head of Sotheby's jewellery department in New York, said the gem is the definition of perfection. The $22.1 million price, which includes the buyer's premium, fell short of the $30.6 million world record price paid for a 118.28 carat white diamond in Hong Kong in 2013. More »Flawless 100-carat diamond sells for $22.1 million at NY auction

  • England's Brown still suffering from concussion

    Reuters - Wed, Apr 22, 2015

    England fullback Mike Brown is still suffering from concussion symptoms and is unlikely to play again this season but will recover in time for the World Cup, the director of rugby at his club Harlequins said on Tuesday. Conor O’Shea said Brown, one of the first names on Stuart Lancaster’s England team sheet, was in “a pretty tough place" but was confident he would be ready for the hosts' World Cup campaign in September. “He’ll have the World Cup warm-ups and he’ll be fine," O'Shea was quoted as saying in The Independent. More »England's Brown still suffering from concussion

  • Super storm lashes Australian east coast for third day

    Reuters - Wed, Apr 22, 2015

    By Jane Wardell SYDNEY (Reuters) - A cyclonic storm lashed Australia's east coast for a third day on Wednesday, causing millions of dollars of damage to property and infrastructure in Sydney and other cities. Three people have been killed in the wild weather, which has washed away houses, cut power to more than 200,000 homes and stranded a cruise ship off the coast in mountainous seas. The Bureau of Meteorology warned that a second storm cell was gathering off the coast north of Sydney, with gale force winds of up to 100 km per hour (62 miles per hour) and heavy winds lashing the coast. The storm caused havoc in Sydney, felling trees, downing power lines and knocking out traffic lights. More »Super storm lashes Australian east coast for third day

  • U.S. FCC staff to be briefed on Comcast-TWC merger review on Wednesday

    Reuters - Wed, Apr 22, 2015

    By Alina Selyukh WASHINGTON (Reuters) - U.S. Federal Communications Commission officials studying the proposed merger of Comcast Corp and Time Warner Cable Inc are scheduled to brief FCC commissioners' staff on their review on Wednesday, according to two sources familiar with the plan. It was not certain whether the briefing would disclose the specific way the FCC reviewers would recommend for the agency to rule on the proposed $45 billion (30.15 billion pound) merger but it would unveil the regulators' latest thinking about the concerns raised by critics of the deal. Comcast's merger with Time Warner Cable would combine the nation's two largest cable companies, which do not directly compete against each other in any markets. The FCC has to decide that the deal is in the public interest and the Justice Department has to rule that it does not harm competition for the merger to go through. More »U.S. FCC staff to be briefed on Comcast-TWC merger review on Wednesday

  • Yahoo's 1Q disappoints, but stock rises on Yahoo Japan hopes

    Associated Press - Wed, Apr 22, 2015

    SAN FRANCISCO (AP) — Yahoo is still struggling to boost its revenue nearly three years into CEO Marissa Mayer's tenure, magnifying concerns that the Internet company holds little value beyond its lucrative Asian investments. More »Yahoo's 1Q disappoints, but stock rises on Yahoo Japan hopes

  • Insurers glum about investment outlook as low yields bite - survey

    Reuters - Wed, Apr 22, 2015

    Low or negative yields and surging equity markets are making insurers gloomy about the outlook for their investments, according to a Goldman Sachs Asset Management survey of nearly 300 senior insurance executives across the globe. The insurers, who collectively invest more than $6 trillion (4.02 trillion pounds), were the most pessimistic since the annual survey began four years ago, GSAM said on Wednesday. Bond yields have turned negative in several European countries this year, following the introduction of quantitative easing by the European Central Bank, while low interest rates around the world have helped swell stock prices. This has led insurers to move further into alternative asset classes in the hunt for rising returns to match their liabilities. More »Insurers glum about investment outlook as low yields bite - survey

  • Amgen tops estimates with 51 percent spike in 1Q profit

    Associated Press - Wed, Apr 22, 2015

    TRENTON, N.J. (AP) — Amgen Inc. boosted its first-quarter profit by 51 percent, thanks to surging drug sales and ongoing cost cuts designed to free up cash for an unprecedented burst of new product launches. More »Amgen tops estimates with 51 percent spike in 1Q profit

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