• Lawsuit claims CME gave high-frequency traders special access

    Reuters - Mon, Apr 14, 2014

    A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access. In a complaint filed on Friday in the U.S. District Court in Chicago, William Braman, Mark Mendelson and John Simms said CME and its Chicago Board of Trade unit have since 2007 given high-frequency traders early access to buy and sell orders. CME, which is based in Chicago, has denied wrongdoing. The trading is being probed by the U.S. Department of Justice and other federal and state investigators, and came under increased scrutiny with the recent publication of Michael Lewis' book "Flash Boys: A Wall Street Revolt." CME in a statement said Friday's lawsuit was "devoid of any facts supporting the allegations and, even worse, demonstrates a fundamental misunderstanding of how our markets operate." It added: "The case is without merit, and we intend to defend ourselves vigorously." Tamara de Silva, a lawyer for the plaintiffs, said in a phone interview: "Exchanges have represented to regulators and to the broad public that information isn't distorted.... I'm making allegations that the exchange allowed these practices and profited from them." She declined to provide specifics. More »Lawsuit claims CME gave high-frequency traders special access

  • Pistorius 'using emotions as an escape', prosecutor says

    Reuters - Mon, Apr 14, 2014

    By Helen Nyambura-Mwaura PRETORIA (Reuters) - The prosecutor in the Oscar Pistorius murder trial on Monday accused the track star of using emotional breakdowns under cross-examination to evade answering questions about the night he killed his girlfriend. The Olympic and Paralympic sprinter, who faces life in prison if convicted of murdering Reeva Steenkamp, says he shot the 29-year-old model in a tragic accident, firing at what he thought was an intruder hiding behind a locked toilet door. The athlete has broken down numerous times during the 22-day trial, including retching into a bucket. ... More »Pistorius 'using emotions as an escape', prosecutor says

  • Olympics-Rio workers vote to remain on strike indefinitely

    Reuters - Mon, Apr 14, 2014

    Workers at the main venue of the 2016 Olympic Games voted on Monday to continue their strike indefinitely, just days before officials from the International Olympic Committee are due to visit Rio de Janeiro and encourage the city to speed up preparations. "We don't know how long we'll be on strike," Antonio Figueiredo Souza, president of the construction workers union Sintraconst-Rio, told Reuters. So far that hasn't happened and so it looks like this will end up in the Labour Courts." The strike began on April 3 and is the latest in a series of problems affecting the preparations for the 2016 games, the first ever to be held in South America. Brazil's preparations are way behind schedule, and work at some venues has not even started. More »Olympics-Rio workers vote to remain on strike indefinitely

  • Scientific Breakthrough as Artificial Blood is Created from Stem Cells

    IB Times - Mon, Apr 14, 2014

    Mass production of human blood on an industrial scale could become a reality as artificial blood is tested on patients for the first time. Professor Marc Turner, medical director at the Scottish National Blood Transfusion Service, is heading up the £5m project at the University of Edinburgh. "We have made red blood cells, for the first time, that are fit to go in a person's body. The trial, planned in 2016, is believed to involve three patients with thalassaemia, a disorder of red blood cells which requires regular transfusions. More »Scientific Breakthrough as Artificial Blood is Created from Stem Cells

  • Familiar Rio: Christ the Redeemer, Maracana

    Associated Press - Mon, Apr 14, 2014

    RIO DE JANEIRO (AP) — With famous beaches and world-renowned attractions such as the Christ the Redeemer statue and Sugar Loaf mountain, Rio de Janeiro has plenty to see even without the World Cup. More »Familiar Rio: Christ the Redeemer, Maracana

  • L'Oreal posts first-quarter like-for-like sales growth below forecasts

    Reuters - Mon, Apr 14, 2014

    PARIS (Reuters) - L'Oreal posted a 2.2 percent drop in first-quarter sales on Monday, held back by slowing demand for its mass market products, which include Garnier shampoo and Maybelline make-up, particularly in North America. The French cosmetics giant reported revenue of 5.64 billion euros (4.65 billion pounds), up 3.5 percent on a like-for-like basis and below market expectations of over 4 percent. As usual, the group did not give specific guidance other than to say it expected to "achieve another year of growth of sales and profit growth". ... More »L'Oreal posts first-quarter like-for-like sales growth below forecasts

  • Syrian army seizes ancient Christian town near Lebanese border

    Reuters - Mon, Apr 14, 2014

    By Firas Makdesi MAALOULA, Syria (Reuters) - Syrian soldiers backed by Hezbollah fighters recaptured the town of Maaloula, north of Damascus, on Monday, military sources and state television said, further squeezing rebels' supply routes through the Qalamoun mountains into Lebanon. Islamist fighters, some from the al Qaeda-linked Nusra Front, had taken over part of the ancient Christian town in December and held several nuns captive until releasing them in March in a prisoner exchange deal. Government forces have recaptured several rebel-held areas and border towns in recent months, closing off supply routes from Lebanon and securing the main highway leading north from Damascus towards central Syria, Homs and the Mediterranean. More »Syrian army seizes ancient Christian town near Lebanese border

  • Belo Horizonte avoids World Cup delays

    Associated Press - Mon, Apr 14, 2014

    BELO HORIZONTE, Brazil (AP) — Belo Horizonte was one of the first Brazilian cities to be ready for the World Cup, avoiding the delays that marked the preparations of nearly all other host cities. More »Belo Horizonte avoids World Cup delays

  • Party city of Salvador hosts 6 World Cup matches

    Associated Press - Mon, Apr 14, 2014

    SALVADOR, Brazil (AP) — Salvador is Brazil's party capital, and it's also known for its passionate football fans. More »Party city of Salvador hosts 6 World Cup matches

  • Brooks affair 'wrong', says Coulson

    Press Association - Mon, Apr 14, 2014

    Former News of the World editor Andy Coulson told the hacking trial his affair with Rebekah Brooks "was wrong and it shouldn't have happened". More »Brooks affair 'wrong', says Coulson

  • Soccer-Former players charged in Austrian match-fixing scandal

    Reuters - Mon, Apr 14, 2014

    Former footballers Dominque Taboga, Sanel Kuljic and "several other people" have been charged in connection with the Austrian match-fixing scandal which came to light last year, state prosecutors said on Monday. Taboga was released by top flight club Groedig in November and given a life ban by the Austrian Football Federation in February over the allegations. The matches under suspicion included nine in the Bundesliga, the top flight of Austrian football, of which three were played this season and involved Groedig. These included Groedig's 3-0 defeat by local rivals Salzburg in October, their 1-1 draw at home to Wolfsberger and their 2-2 draw against Rapid Vienna, both in November. More »Soccer-Former players charged in Austrian match-fixing scandal

  • Timeline of events in the Boston Marathon bombing

    Associated Press - Mon, Apr 14, 2014

    A timeline of events related to the Boston Marathon bombing, which killed three people and injured 260 others on April 15, 2013. The suspects are Tamerlan Tsarnaev, who was killed in a shootout with police several days later, and his younger brother, Dzhokhar Tsarnaev, who is in jail awaiting trial. More »Timeline of events in the Boston Marathon bombing

  • Official IDs supremacist as Kansas attacks suspect

    Associated Press - Mon, Apr 14, 2014

    OVERLAND PARK, Kan. (AP) — The man accused of killing three people in attacks at a Jewish community center and Jewish retirement complex near Kansas City is a known white supremacist and former Ku Klux Klan leader who was once the subject of a nationwide manhunt. More »Official IDs supremacist as Kansas attacks suspect

  • Andy Coulson at Phone Hacking Trial: My Affair with Rebekah Brooks was Wrong

    IB Times - Mon, Apr 14, 2014

    Former News of the World editor Andy Coulson has described his affair with Rebekkah Brooks as "wrong [and] should not have happened". Coulson, 46, was giving evidence for the first time at the Old Bailey phone hacking trial when he apologised to his wife for his relationship with the former News International chief executive. More »Andy Coulson at Phone Hacking Trial: My Affair with Rebekah Brooks was Wrong

  • Matisse's colorful cutouts go on show in London

    Associated Press - Mon, Apr 14, 2014

    LONDON (AP) — A huge new Henri Matisse show in London is many things — bold, colorful, exuberant. It's also a great advertisement for the creativity of old age. More »Matisse's colorful cutouts go on show in London

  • Therapy 'better on prostate cancer'

    Press Association - Mon, Apr 14, 2014

    Radical treatment can double the life expectancy of men with advanced prostate cancer, according to a controversial study that overturns the current expert view. More »Therapy 'better on prostate cancer'

  • After attack, officials kill 4 bears in Florida

    Associated Press - Mon, Apr 14, 2014

    LAKE MARY, Fla. (AP) — Florida wildlife officials have killed four bears after an attack on a woman in a suburban subdivision. More »After attack, officials kill 4 bears in Florida

  • UK government study lends weight to Osborne's case for tax cuts

    Reuters - Mon, Apr 14, 2014

    By William James LONDON (Reuters) - Chancellor of the exchequer George Osborne's case for cutting taxes if his Conservative Party wins a 2015 election was bolstered on Monday when a government study said lower taxes would stimulate economic activity and partially offset a loss of revenue. A reduction in the real rate of fuel duties, enacted in 2011 by the coalition government, will increase Britain's economic output by 0.3 to 0.5 percent over the next 20 years, according to a government model which aims to better capture the full effects of changes in fiscal policy. ... More »UK government study lends weight to Osborne's case for tax cuts

  • Coach Fall: Boy May Have Been In Toilet Queue

    Sky News - Mon, Apr 14, 2014

    A nine-year-old who fell from the emergency exit of a moving coach may have been queuing for the toilet at the time of the accident, police say. The boy remains in a critical condition after falling from the vehicle as it travelled on the A47 near King's Lynn on Sunday. The boy was initially taken to the Queen Elizabeth Hospital in King's Lynn and later transferred to Addenbrooke's Hospital in Cambridge last night. Inspector Chris Brooks said: "This is a very difficult time for the boy's family and we have specially trained officers supporting them. More »Coach Fall: Boy May Have Been In Toilet Queue

  • ThyssenKrupp in talks to sell Swedish naval shipyard to Saab

    Reuters - Mon, Apr 14, 2014

    ThyssenKrupp is in talks to sell its Swedish marine defence unit to Saab after failing to reach a deal with Sweden for a new generation of submarines as the country tries to protect its defence manufacturing sector. Sweden had been seeking ways to share development costs with other potential buyers of its A-26 submarine but failed to agree on commercial terms with ThyssenKrupp, which also builds submarines in a separate business in Germany. Sweden saw the German company as a potential obstacle to the growth of the Swedish business in favour of its German unit. The government asked Saab earlier this year to come up with a strategy to support Swedish submarine naval forces. More »ThyssenKrupp in talks to sell Swedish naval shipyard to Saab

  • Country Music Museum grows to match genre

    Associated Press - Mon, Apr 14, 2014

    NASHVILLE, Tenn. (AP) — The Country Music Hall of Fame and Museum is no longer bursting at the seams, thanks to a $100 million expansion that has more than doubled its space and allowed it to add more interactive and contemporary exhibits. More »Country Music Museum grows to match genre

  • Ingredients firm Symrise to buy Diana for $1.8 billion

    Reuters - Mon, Apr 14, 2014

    By Marilyn Gerlach and Natalie Huet FRANKFURT/PARIS (Reuters) - German scents and flavours group Symrise is to buy France's Diana Group for an agreed 1.3 billion euros (1 billion pounds) including debt to narrow the gap on top rival Givaudan and expand in natural ingredients and pet food. The purchase from private equity group Ardian will make Symrise the world's third-biggest scents and flavours company, up from number four, and help it toward a goal of boosting annual sales by around 1 billion euros by 2020. Symrise Chief Executive Heinz-Juergen Bertram told reporters on Monday the firm would likely finance the deal via a 10 percent capital increase, as well as a mix of debt and equity. Based on Symrise's current share price, a sale of 10 percent of its stock would generate around 400 million euros. More »Ingredients firm Symrise to buy Diana for $1.8 billion

  • Pakistan to use polio vaccine checkpoints in Taliban areas

    AFP - Mon, Apr 14, 2014

    Pakistani officials said Monday they would begin administering polio vaccines to children at security checkpoints in the country's lawless tribal belt to protect against Taliban attacks. More »Pakistan to use polio vaccine checkpoints in Taliban areas

  • Twitter CEO, co-founders not to sell shares after lockup ends

    Reuters - Mon, Apr 14, 2014

    (Reuters) - Twitter Inc co-founders, Jack Dorsey and Evan Williams, and Chief Executive Richard Costolo have informed U.S. regulators that they did not plan to sell the microblogging company's shares after post-IPO restrictions are lifted in May. Twitter, which debuted on the New York Stock Exchange on November 7, had a 180-day restriction on sale of shares by early investors. Another Twitter investor, Benchmark, informed regulators that it did not plan to sell the stock before or immediately after the expiration of the lockup period on May 5. Twitter's shares, which were priced at $26 each in its IPO, were up 2 percent at $40.95 in early trading on the New York Stock Exchange. More »Twitter CEO, co-founders not to sell shares after lockup ends

  • TIAA-CREF to buy Nuveen Investments for $6.25 billion

    Reuters - Mon, Apr 14, 2014

    (Reuters) - TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion (3.73 billion pounds), seeking to expand its mutual fund and municipal bond offerings. The deal will add more than $221 billion in assets to TIAA-CREF's roughly $569 billion in assets under management, broadening its portfolio with closed-end municipal bond funds which offer regular, annuity-type payouts. It also offers relief to Nuveen's current owner, private equity firm Madison Dearborn Partners LLC. ... More »TIAA-CREF to buy Nuveen Investments for $6.25 billion

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