Saturday, March 10, 2012

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Saturday, March 10, 2012 12:04 AM PST
Today's Entertainment - Reuters Celebrity/Gossip News Headlines - Yahoo! News:
Former ABC executive: Sheridan's firing decided before incident
Fri,9 Mar 2012 11:26 PM PST
Reuters -

U.S. actress Sheridan playing Edie Britt in the TV series LOS ANGELES, March 9 (TheWrap.com) - Nicollette Sheridan's firing from "Desperate Housewives" was approved by ABC months before Marc Cherry allegedly slapped the actress, former ABC president Steve McPherson testified on Friday. Taking the stand at the $6 million wrongful termination trial between Sheridan and her former bosses, Marc Cherry and ABC, McPherson recalled a May 22, 2008 meeting at which Cherry "let us know he wanted to end (Sheridan's character) Edie's arc and kill the character off." McPherson added that he gave his blessing to Cherry's plan. ...


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Britney Spears rejects $10M bid host 'X-Factor'
Fri,9 Mar 2012 11:24 PM PST
Reuters -

Singer Britney Spears arrives at the 2011 MTV Video Music Awards in Los AngelesLOS ANGELES, March 9 (TheWrap.com) - Britney Spears has rejected a $10 million offer to host the next season of "The X Factor," TheWrap has learned. So the question is: How much is Fox going to have to pony up? Try $20 million. Reports this week that the pop star was considering a $10 million offer to host next fall's seasons of "The X Factor" are out of date, according to a knowledgeable individual in Spears' camp. The singer rejected that offer three weeks ago and is instead thinking about an offer to become a resident performer at a Las Vegas hotel in the fall, a la Celine Dion. ...


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Author defends "Doonesbury" abortion strip
Fri,9 Mar 2012 11:00 PM PST
Reuters -

A single panel from an abortion-related LOS ANGELES (Reuters) - "Doonesbury" author Garry Trudeau on Friday defended an upcoming strip that some newspapers rejected and others have questioned because it deals with a Texas abortion law the cartoonist described as "lunacy." The law, which went into effect earlier this year and requires abortion providers perform an ultrasound before the procedure, is intended to give pause to pregnant women and possibly motivate them to reconsider their decision. ...


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Sarah Palin dismisses ''Game Change'' as unimportant
Fri,9 Mar 2012 04:57 PM PST
Reuters -

Moore arrives for a viewing party for the new film WASHINGTON (Reuters) - Sarah Palin is shrugging off a controversial new HBO movie on Friday that portrays her as unstable and unprepared for the 2008 vice presidential run that made her a Republican political star. The television premiere of "Game Change" is on Saturday, based on a book of the same name by journalists John Heilemann and Mark Halperin about Republican John McCain's 2008 presidential campaign. Both Palin, who is portrayed by Julianne Moore in the movie, and McCain have said they will not watch the movie. ...


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''Kony 2012'' director answers critics of video
Fri,9 Mar 2012 04:52 PM PST
Reuters -

Jason Russell, co-founder of non-profit Invisible Children and director of NEW YORK (Reuters) - The director of a video sensation that calls for the arrest of Joseph Kony, the fugitive rebel leader of a Ugandan militia group, agreed on Friday with skeptics who have called the film oversimplified, saying it was deliberately made that way. The 30-minute YouTube film called "Kony 2012," which by Friday had been viewed on YouTube more than 58 million times, aims to wake up the world to atrocities committed by Kony's Lord's Resistance Army, including kidnapping children and forcing them to fight. ...


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Dennis Quaid's wife files for divorce
Fri,9 Mar 2012 04:11 PM PST
Reuters -

Quaid and his wife Kimberly pose at the premiere of the movie LOS ANGELES (Reuters) - Actor Dennis Quaid and third wife Kimberley Buffington are splitting after Buffington filed for divorce, the actor's spokeswoman said on Friday. "We can confirm that Kimberley Quaid has filed for divorce. Contrary to what has been reported, a satisfactory settlement is being worked out for both parties," Quaid's spokeswoman said in a statement, adding no further details would be provided on this "private matter." Quaid, 57, married Texas real-estate agent Buffington in 2004, and the couple had twins Thomas Boone and Zoe Grace in 2007 via a surrogate. ...


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Whitney Houston sought love in "wrong places": relative
Fri,9 Mar 2012 03:25 PM PST
Reuters -

Whitney Houston and daughter Bobbi Kristina 2011 file photograph(Reuters) - Late singer Whitney Houston's manager and sister-in-law Patricia Houston has opened up publicly for the first time since the singer's sudden death last month, saying she was "looking for love in all the wrong places" in the days ahead of her death. "I saw her chasing a dream, you know, looking for love in all the wrong places," Patricia Houston told television talk show host Oprah Winfrey, according to transcripts from an interview that will air on the OWN network on Sunday, March 11. ...


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Some papers may reject 'Doonesbury' abortion strip
Fri,9 Mar 2012 03:23 PM PST
Reuters - LOS ANGELES (Reuters) - Around a dozen U.S. newspapers have raised questions about an abortion-related "Doonesbury" comic strip set for publication next week, and some will likely not run it, the syndicate behind the cartoon said on Friday. The cartoon's story line for Monday through Saturday focuses on a Texas law that requires abortion providers to perform an ultrasound on pregnant women before the procedure, said Sue Roush, managing editor for Universal Uclick, the syndicate behind "Doonesbury. ... Full Story
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Billboard names Taylor Swift big money maker of 2012
Fri,9 Mar 2012 02:40 PM PST
Reuters -

Taylor Swift attends the premiere of LOS ANGELES (Reuters) - Country singer Taylor Swift, 22, was named Billboard Magazine's biggest money maker on Friday, beating powerhouses U2, Lady Gaga and Adele to top the list with earnings of more than $35 million in 2011. The "Love Story" singer pocketed more cash from her album sales and world tour in 2011 than Irish rockers U2, country music veteran Kenny Chesney, pop star Lady Gaga, and rapper Lil Wayne, who rounded out the top five on Billboard's annual list of 40 of music's biggest money makers. ...


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Disney space movie tests big-budget film strategy
Fri,9 Mar 2012 12:51 PM PST
Reuters -

Disney space movie tests big-budget film strategyLOS ANGELES (Reuters) - "John Carter," the 3D space adventure film that opens today, was supposed to be the Walt Disney Co's latest franchise movie, a blockbuster on par with "Cars" and "Pirates of the Caribbean" that generates profits beyond the film to television, books, and consumer products. Instead, industry tracking suggests it will be the latest big-budget box office bust. ...


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Los Angeles readies for a ''Levitating Mass''
Fri,9 Mar 2012 12:27 PM PST
Reuters -

A woman and young boy walk past a 340-ton megalith rock, to be part of artist Michael Heizer's artwork LOS ANGELES (Reuters) - It weighs 340 tons, stands 21 feet, 10 inches high and measures 32 feet across. Beyond its massive size, this granite boulder being delivered to Los Angeles is no ordinary rock. It is art, or will be soon. Last week, the huge rock embarked on an 11-day journey from the California desert to its new home at the Los Angeles County Museum of Art where it will become the centerpiece of artist Michael Heizer's "Levitated Mass." He conceived of the artwork in 1968, but only discovered the right boulder six years ago while scouring a granite quarry. ...


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''Salmon Fishing'' film makes impossible seem possible
Fri,9 Mar 2012 12:19 PM PST
Reuters -

Cast member McGregor poses at the premiere of LOS ANGELES (Reuters) - On its surface, new movie "Salmon Fishing in the Yemen," tells of a fishery expert tasked with creating a salmon-filled stream in the Middle East country's waterless desert, but underneath that description is a tale of making dreams come true. The movie, which is based on Paul Torday's 2006 debut novel of the same name, opens in major U.S. cities on Friday with plans to expand around the United States in weeks to come. ...


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Pressure set to mount on James Murdoch
Fri,9 Mar 2012 08:46 AM PST
Reuters -

BSkyB Chairman James Murdoch, who is also head of News Corp in Europe and Asia, walks off stage after a rehearsal for his James MacTaggert Memorial lecture as part of the Media Guardian Edinburgh International TV Festival in EdinburghLONDON (Reuters) - The Murdoch family's grip on Britain's BSkyB is coming under increased scrutiny, with some shareholders concerned that an imminent report from lawmakers will increase the pressure on James Murdoch to give up his chairmanship of the satellite broadcaster. The report from the parliamentary committee investigating the phone hacking scandal has been delayed but is now expected before Easter. ...


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"Lone Wolf" stays at top of Bestsellers List
Fri,9 Mar 2012 08:32 AM PST
Reuters - NEW YORK (Reuters) - "Lone Wolf" held its place at the top of the Publishers Weekly best-sellers list on Friday. The list is compiled from data from independent and chain bookstores, book wholesalers and independent distributors nationwide. Hardcover Fiction Last Week 1. "Lone Wolf" by Jodi Picoult (Atria, $28) 1 2. "Victims" by Jonathan Kellerman- 3. "Kill Shot" by Vince Flynn (Atria, $27.99) 4 4. "Celebrity in Death" by J.D. Robb (Putnam, $27.95) 2 5. "Private Games" by James Patterson & Mark Sullivan (Little, Brown, $27.99) 5 6. "The Wolf Gift" by Anne Rice (Knopf, $25.95) 7 7. ... Full Story
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'Disco Inferno' singer Jimmy Ellis dies at 74
Fri,9 Mar 2012 08:17 AM PST
Reuters - LOS ANGELES (TheWrap.com) - Jimmy Ellis, the lead singer of the hit "Disco Inferno" from '70s R&B/funk group The Trammps, died Thursday in Rock Hill, South Carolina. He was 74. Ellis's daughter, Erika Stinson, told the New York Times the singer died from complications from Alzheimer's disease. Ellis and The Trammps were a Philadelphia-based group, formed in the early 1970s. The group's biggest hit, "Disco Inferno," reached number 11 on the Billboard pop chart in 1977, after being featured in the John Travolta hit "Saturday Night Fever. ... Full Story
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Kony: can a YouTube video stop an international killer?
Fri,9 Mar 2012 08:12 AM PST
Reuters - LOS ANGELES (TheWrap.com) - With "Kony 2012," social media has taken on its next mission impossible: stopping an international child-killer. To which we can only say: Why not? After fomenting revolution in Iran (a green one), toppling a government in Egypt, awakening a generation to help elect an African-American president, stopping piracy legislation its tracks - to name just a few accomplishments - YouTube, Twitter and Facebook can hardly be dismissed as a means to stop an obscure Ugandan crazyman with a penchant for murdering children. Seriously. ... Full Story
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'Lorax' poised to beat up 'John Carter' at the box office
Fri,9 Mar 2012 07:57 AM PST
Reuters -

US actor DeVito poses during photocall to promote film LOS ANGELES (TheWrap.com) - "The Lorax," a $70 million animated feature in its second week of release, is going to wallop Disney's $250 million-plus "John Carter" at the box office this weekend. And no one will be surprised. For months, Hollywood has speculated that "John Carter" would flop. Now Disney is bracing to see how bad the damage will be. Based on the 1964 Edgar Rice Burroughs science fiction novel, the long-in-development movie was written and directed by "WALL-E" writer-director Andrew Stanton. ...


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Bowie's Ziggy Stardust immortalized on earthly plaque
Fri,9 Mar 2012 06:17 AM PST
Reuters -

Singer Bowie arrives with his wife Iman to attend the CFDA fashion awards in New YorkLONDON (Reuters) - When Ziggy Stardust touched down on earth he could scarcely imagine humanity lasting another five years, let alone the 40 years which have transformed the heart of central London. British singer David Bowie's unique alien visitor persona, known for his glam makeup, fiery orange hair, and skintight jumpsuits, is being commemorated on Heddon Street in London's trendiest shopping district to celebrate the 40th Anniversary of his album "The Rise and Fall of Ziggy Stardust and the Spiders from Mars. ...


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Whitney Houston leaves fortune to daughter
Fri,9 Mar 2012 04:15 AM PST
Reuters -

Whitney Houston and daughter Bobbi Kristina 2011 file photographLOS ANGELES (Reuters) - Whitney Houston, who died suddenly last month in a Beverly Hills hotel room, has left her fortune to her 19-year-old daughter Bobbi Kristina Brown, according to the singer's will. Under terms of the will filed late on Wednesday in Atlanta, funds from the singer's estate will be put in a trust to benefit her daughter. The young woman will get part of the principal when she turns 21, more money at age 25 and the balance when she celebrates her 30th birthday. ...


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Cannes to open with Wes Anderson's Moonrise Kingdom
Fri,9 Mar 2012 02:45 AM PST
Reuters -

Willis is interviewed at the premiere of the film PARIS (Reuters) - The 2012 Cannes film festival will open with Wes Anderson's 1960s drama "Moonrise Kingdom", starring Bruce Willis and Bill Murray, organizers said on Friday. The story revolves around two young lovers who run away from their New England homes, prompting locals to send out a search party. Cannes president Gilles Jacob said the choice of Anderson as the director of the opening movie was a way of showcasing young American cinema at the world's biggest film festival. The winner of the coveted Palme d'Or for best picture last year was veteran U.S. ...


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MPAA grants "Perks of Being a Wallflower" PG-13 rating
Thu,8 Mar 2012 07:50 PM PST
Reuters - LOS ANGELES, March 8 (TheWrap.com) - "The Perks of Being a Wallflower" is now rated PG-13, rather than R, the Classification and Rating Appeals Board of the MPAA ruled Thursday. Erik Feig, president of production at Lionsgate Motion Picture Group and Stephen Chbosky, the director, screenwriter and author of the novel on which the movie was based, appeared before the board to make their case for the lower rating. Originally, the Classification and Rating Administration assigned the movie, which stars Emma Watson and Paul Rudd, an R based on "teen drug and alcohol use, and some sexual ... Full Story
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Dimension remaking Korean hit "The Man From Nowhere"
Thu,8 Mar 2012 07:32 PM PST
Reuters - LOS ANGELES, March 8 (TheWrap.com) - "The Man From Nowhere," an action thriller that was South Korea's highest-grossing movie of 2010, is being remade in English, Dimension Films said Thursday. "We have always been huge action and martial arts fans and are getting back into the genre in a big way with 'The Man From Nowhere,' " Bob Weinstein, The Weinstein Company's co-chairman, said in a statement. "It's a slick, fast-paced action thriller anchored by a strong emotional relationship that audiences are going to love. ... Full Story
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"Friends With Kids" has laughs of an all-night crying jag
Thu,8 Mar 2012 07:27 PM PST
Reuters -

Actors arrive on the red carpet for the film LOS ANGELES, March 8 (TheWrap.com) - For decades, the movies have encouraged us to dare to be different, to step out of our comfort zones, to strive for greatness. But now we have Jennifer Westfeldt as the patron saint of safety, conformity and the dominant paradigm. Westfeldt, you may recall, wrote and starred in the wispy "Kissing Jessica Stein," a comedy about a young woman frustrated with the dating scene who flirts with becoming a lesbian before getting all "hmm, no thanks" about it. ...


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The gag's on Eddie Murphy in ''A Thousand Words''
Thu,8 Mar 2012 04:52 PM PST
Reuters -

Cast member Eddie Murphy arrives for the premiere of the film LOS ANGELES, March 8 (TheWrap.com) - There's nothing wrong with making a wacky comedy that ultimately wants to deliver the message that family is what's important. Unless, of course, it involves an actor — even one as talented as the great Ruby Dee — actually saying out loud, "Family is what's important," which is a cue to leave the theater and spend one's valuable time teaching a nephew to fly a kite rather than wasting two hours on another sanctimonious Hollywood feel-good movie. ...


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Oldest film based on Dickens found in Britain
Thu,8 Mar 2012 04:11 PM PST
Reuters -

Southwark Cathedral is highlighted against dark clouds near Borough Market in LondonLONDON (Reuters) - An archivist at the British Film Institute has stumbled across a 1901 movie just one minute long which turns out to be the earliest surviving film featuring a character from the works of Charles Dickens. Bryony Dixon was researching early films of China when she noticed an entry in a catalogue referring to "The Death of Poor Joe", which she realized could refer to a character in Dickens' "Bleak House". ...


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James Cameron plans deep sea dive in Pacific
Thu,8 Mar 2012 04:04 PM PST
Reuters -

Disney announces agreement to bring (Reuters) - "Titanic" film director James Cameron on Thursday unveiled plans to pilot a specially designed submarine to the deepest point on the planet, the Mariana Trench in the Pacific Ocean southwest of Guam. The real-life adventure, as opposed to the ones Cameron has created in films such as "Avatar" and "Aliens," will see Cameron travel 7 miles below the ocean's surface, where he will collect research samples for marine biology and geology. The lowest point of the Mariana Trench, known as "Challenger Deep," has been reached only once before in 1960 when U.S. Navy Lt. ...


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J.K. Rowling's ''Pottermore'' website to open in April
Thu,8 Mar 2012 02:55 PM PST
Reuters - NEW YORK (Reuters) - Author J.K. Rowling's new Pottermore website that will allow fans to navigate the world of British boy wizard Harry Potter and shop for merchandise including e-books of the Potter adventures will open in April. A posting on the website said the Pottermore Shop would soon welcome fans after being delayed from a planned October opening. The site's creators have been testing it and said they changed to a more "suitable" platform for the millions of expected visitors. ... Full Story
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Whitney Houston left her fortune to daughter
Thu,8 Mar 2012 01:54 PM PST
Reuters -

Oprah Winfrey gives a hug to Bobbi Kristina Brown, daughter of the late singer Whitney Houston, during an interview in Atlanta, GeorgiaLOS ANGELES (Reuters) - Whitney Houston, who died suddenly last month in a Beverly Hills hotel room, has left her fortune to her 19-year-old daughter Bobbi Kristina Brown, according to the singer's will. Under terms of the will filed late on Wednesday in Atlanta, funds from the singer's estate will be put in a trust to benefit her daughter. The young woman will get part of the principal when she turns 21, more money at age 25 and the balance when she celebrates her 30th birthday. ...


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Fisker Karma car dies in Consumer Reports testing
Thu,8 Mar 2012 01:45 PM PST
Reuters -

(Blank Headline Received)DETROIT (Reuters) - A $100,000-plus Fisker Automotive luxury sports car died during Consumer Reports speed testing this week for reasons that are still unknown, leaving the struggling electric car startup with another blow to its image. "It is a little disconcerting that you pay that amount of money for a car and it lasts basically 180 miles before going wrong," David Champion, senior director for the magazine's automotive test center, told Reuters, on Thursday. In a statement, Fisker said it was assessing the source of the problem that caused its Karma plug-in hybrid to fail. ...


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Elizabeth Olsen reflects on life after ''Martha Marcy May''
Thu,8 Mar 2012 01:12 PM PST
Reuters -

Actress Olsen poses for a portrait while promoting her upcoming film LOS ANGELES (Reuters) - One year ago Elizabeth Olsen stepped out of the shadows of her famous sisters, Mary-Kate and Ashley, to star in the title role of drama "Martha Marcy May Marlene," which premiered at the Sundance Film Festival and earned her critical acclaim. But the actress appeared in two films at Sundance last year, and it is only now that the second, horror thriller "Silent House," is finally landing in theaters. It opens on Friday. Last year, Olsen was a little-known acting curiosity in a low-budget art house film who was following in the foosteps of her famous twin sisters. ...


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'Silent House' horror movie has dread but no scares
Thu,8 Mar 2012 12:10 PM PST
Reuters -

Actress Olsen poses for a portrait while promoting her upcoming film LOS ANGELES, March 8 (TheWrap.com) - Anyone who has ever spent time in an old house knows that they creak. All sorts of things can, and do, go bump in the night. Horror films like "Silent House" exploit the thin line -- at least for suggestible and susceptible viewers -- between creaky and creepy. "Silent House," which is based on "La Casa Muda," a 2010 Uruguayan film, does creepy with artistic pretentions. Written by Laura Lau and directed by Lau and Chris Kentis (the married couple's previous film was "Open Water"), this low-budget indie is filmed in a series of extended takes. ...


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Spurlock's "Mansome" among films in Tribeca spotlight
Thu,8 Mar 2012 12:07 PM PST
Reuters -

Documentary director Spurlock arrives at the 84th Academy Awards in HollywoodNEW YORK (Reuters) - A new documentary by Morgan Spurlock examining what it means to be a man in modern times was among films announced on Wednesday as part of the final lineup at the upcoming Tribeca Film Festival. Festival organizers unveiled more than 40 films in the "spotlight" and "cinemania" sections of the New York City event, one of the largest for independent cinema in the United States that runs from April 18 to 29 and will screen 90 feature films. ...


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Guitar-maker Fender Musical files for IPO
Thu,8 Mar 2012 09:34 AM PST
Reuters -

To match Reuters Life! AUCTION/CLAPTON/(Reuters) - Fender Musical Instruments Corp, whose guitars have been used by music legends Jimi Hendrix, Eric Clapton, Mark Knopfler and Pink Floyd's David Gilmour, filed with U.S. regulators on Thursday to raise up to $200 million in an initial public offering. Formed in the 1940s by Leo Fender, Fender was the first to mass-produce solid-body Spanish-style electric guitars, including the iconic Stratocaster. It was sold to television network CBS in 1965. ...


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Russian grannies in geriatric Eurovision Song battle
Thu,8 Mar 2012 09:33 AM PST
Reuters -

Singer Engelbert Humperdinck performs as guest during international new singers contest New Wave in JurmalaMOSCOW (Reuters) - This year's Eurovision song contest is shaping up to be a battle of the geriatrics with the announcement that a folk group comprised of elderly ladies will represent Russia. The news that Russia's Eurovision contestant will be rural folk group Buranovskiye Babushki comes on the heels of Britain's decision to choose septuagenarian crooner Engelbert Humperdinck as its entry for the song contest in May. ...


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'Community' returns for third season on March 15
Thu,8 Mar 2012 09:32 AM PST
Reuters - LOS ANGELES (TheWrap.com) - A monster pillow fight, a cafeteria riot and a Chang army are among the attractions Jeff Winger (Joel McHale) and his fellow Greendale Community College study group members will offer as "Community" returns for the rest of its third season on NBC March 15. A clever movie trailer-style preview, which debuted on the McHale-hosted "The Soup" Wednesday, also hints at a wild birthday bash for Chang (Ken Jeong), the return of John Goodman as Vice Dean Laybourne and a Winger/Britta wedding. ... Full Story
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ABC's 'Duets' pairs Clarkson, Richie, others with hopefuls
Thu,8 Mar 2012 08:26 AM PST
Reuters - NEW YORK (TheWrap.com) - ABC will join "American Idol," "X Factor" and "The Voice" with a new singing competition that will again slightly tweak the familiar formula: On "Duets," debuting this summer, judges Kelly Clarkson, Sugarland's Jennifer Nettles, Lionel Richie and Robin Thicke will sing along with contestants. Despite the new twist, the new series will borrow liberally from past musical shows. Like all of them, it will feature a panel of celebrity judges. And like "X Factor" and "The Voice," it will feature judges who also mentor contestants. ... Full Story
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Will NBC's $20 million Monday night marketing gamble pay?
Thu,8 Mar 2012 08:11 AM PST
Reuters -

NBC Entertainment Chairman Robert Greenblatt at the 22nd annual GLAAD Media Awards in Los AngelesLOS ANGELES (TheWrap.com) - Most people approach Mondays with a vague sense of dread about what the work week ahead might hold for them. For NBC Entertainment chairman Robert Greenblatt, the stakes are significantly higher, with the network's success largely resting on two shows that cost multimillions of dollars to produce each week. ...


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Writer contradicts Cherry on 'Housewives' plot timeline
Thu,8 Mar 2012 08:09 AM PST
Reuters -

U.S. actress Sheridan playing Edie Britt in the TV series LOS ANGELES (TheWrap.com) - A former "Desperate Housewives" writer and exec producer provided the latest twist in Nicollette Sheridan's wrongful termination suit against Marc Cherry and ABC on Wednesday, contradicting Cherry's testimony that the decision to kill off the actress's character had been made four months before she claimed her boss struck her on the set. Sheridan is suing for $6 million. ...


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Ellen DeGeneres says 'Bully' should carry PG-13 rating
Thu,8 Mar 2012 08:04 AM PST
Reuters -

Television host Ellen DeGeneres accepts the Favorite Daytime TV Host award at the 2012 People's Choice Awards in Los AngelesLOS ANGELES (TheWrap.com) - Ellen DeGeneres spent a little more than a minute advocating for The Weinstein Company documentary "Bully" on her nationally televised talk show Wednesday. "Last month I got to see a new documentary that's coming out called 'Bully,'" DeGeneres said. "It's an important movie for everyone to see -- especially kids. The problem is, they've given the movie an R rating." DeGeneres said that "there is some language in the movie. ...


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S&P: China developers getting closer to "downgrade thresholds"
Thu,8 Mar 2012 02:45 AM PST
Reuters - HONG KONG (Reuters) - Tough operating conditions and heightened refinancing risks in China's property market are pushing more developers closer to their downgrade thresholds, Standard & Poor's Ratings Services said in a report on Thursday. In the report titled "The Worst Is Yet To Come For Chinese Developers In Asia's Shaky Property Sector," S&P warned that more credit downgrades are likely in the next six months. "Many developers in China may be at increased risk of refinancing due to weaker property sales, high funding costs, and tightened liquidity. ... Full Story
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