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| Despite series of scandals, China backs Hong Kong leader Saturday, Jun 01, 2013 09:30 PM PDT  By Greg Torode HONG KONG (Reuters) - Hong Kong leader Leung Chun-ying is facing fresh uncertainty over the political support he has from China after his campaign manager and close ally quit the cabinet last month because of a police investigation into his commodities trading business. It was the latest in a series of scandals to hit Leung since he took office last July in a move orchestrated by Beijing. In other embarrassments, his development minister has been arrested, there have been mass public protests against the government and opponents have attempted to impeach him. ... Full Story | Top |
| First Facebook president Sean Parker weds in California Saturday, Jun 01, 2013 09:18 PM PDT  LOS ANGELES (Reuters) - Billionaire Sean Parker, co-founder of music-sharing website Napster and the first president of Facebook, was married on Saturday in Northern California, a representative for the couple said. Parker, 33, married his fiancee Alexandra Lenas in a ceremony at an inn in the costal retreat of Big Sur with 300 family and friends in attendance, his representative Matthew Hiltzik said in a statement. Their daughter, Winter, who was born this year, was part of the ceremony. Parker's fortune is estimated at $2 billion at Forbes.com. ... Full Story | Top |
| Death toll rises to nine from Oklahoma tornadoes Saturday, Jun 01, 2013 08:59 PM PDT  By Heide Brandes OKLAHOMA CITY (Reuters) - Nine people were killed in tornadoes that swept through central Oklahoma on Friday, part of a storm system that caused widespread flooding in Oklahoma City and its suburbs, the state's chief medical examiner said on Saturday. Among the dead were two children and seven adults, said Amy Elliott, a spokeswoman for the medical examiner's office. Two of the victims remain unidentified and officials said the names of those killed would not be released until their next of kin were notified. Severe storms also swept into neighboring Missouri. ... Full Story | Top |
| As Philippines booms, overseas workers eye return home Saturday, Jun 01, 2013 06:40 PM PDT  By Karen Lema MANILA (Reuters) - Mateo Ragonjan took a leap of faith in August last year. The executive sous-chef of a seven-star luxury hotel in Abu Dhabi packed his bags to take up a similar job back home in the Philippines. He is one of a small group of like-minded Filipinos returning to jobs back home, a sign of confidence in an economy that for decades has seen millions leave in search of better prospects overseas. ... Full Story | Top |
| Bombs, boredom threaten Pakistan's "Pashto" song-and-dance cinema Saturday, Jun 01, 2013 06:38 PM PDT  By Jibran Ahmad and Nick Macfie PESHAWAR, Pakistan (Reuters) - A projectionist lies asleep in the sweltering Pakistani heat, his face covered by a cloth. A colleague rewinds a reel manually while on screen, through the hashish smoke, a woman bounces on a bed singing "hello, hello, hello" into a cellphone. To this, her would-be lover, who is in another room and is old and apparently drunk, sings "hello, hello, hello" back to her while splashing his head and shoulders with aftershave. Then the two of them, both fully clothed, sing it again. ... Full Story | Top |
| Insight: Presidency beckons for Jakarta's rags-to-riches governor Saturday, Jun 01, 2013 05:17 PM PDT  By Kanupriya Kapoor and Andrew R.C. Marshall JAKARTA (Reuters) - Joko "Jokowi" Widodo, the governor of Jakarta, might well be the future of Indonesian democracy. Here's why. On a recent afternoon he visited Tambora, a densely populated area of west Jakarta, to inspect the aftermath of a slum fire. Within minutes, the narrow streets were a moshpit of jostling well-wishers. Women embraced him. Men kissed his hand. ... Full Story | Top |
| Wall Street Week Ahead: Good news on jobs may be bad for stocks Saturday, Jun 01, 2013 04:56 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Standing conventional stock market wisdom on its head, investors may wish for weaker-than-expected employment numbers next Friday. A strong jobs report could prompt an early end to the Federal Reserve's policy of pumping money into the banking system to rescue the economy and set off the stock market's long-awaited pullback. The Fed's loose monetary policy since the end of 2008 has kept interest rates low and propelled stocks to record highs. Last week, stocks fell and bond yields surged after Fed Chairman Ben Bernanke said the U.S. ... Full Story | Top |
| Yelp open to partnering with Facebook's rival offering: CFO Saturday, Jun 01, 2013 04:54 PM PDT  By Chandni Doulatramani (Reuters) - Consumer review aggregator Yelp Inc, which analysts say could face intense competition from Facebook Inc's "graph search", is open to partnering with the social networking website's latest offering, Yelp's Chief Financial Officer Rob Krolik told Reuters. Facebook, in January, unveiled its graph search feature, available in a beta version, letting users trawl their network of friends to find everything from restaurants to movie recommendations, bringing it into direct competition with Yelp. ... Full Story | Top |
| CA-BUSINESS Summary Saturday, Jun 01, 2013 04:05 PM PDT Bank of England's King plans to waltz into the sunset LONDON (Reuters) - Dance lessons are one of Bank of England Governor Mervyn King's few clear plans for his retirement when he steps down later this month after 20 years at the Bank of England. In a rare personal interview to be broadcast later on Sunday, the 65-year-old, who was previously a professor at the London School of Economics, expressed sadness that his focus on work had damaged his private life. ... Full Story | Top |
| Bank of England's King plans to waltz into the sunset Saturday, Jun 01, 2013 04:04 PM PDT  By David Milliken LONDON (Reuters) - Dance lessons are one of Bank of England Governor Mervyn King's few clear plans for his retirement when he steps down later this month after 20 years at the Bank of England. In a rare personal interview to be broadcast later on Sunday, the 65-year-old, who was previously a professor at the London School of Economics, expressed sadness that his focus on work had damaged his private life. "The career always came first. That was probably a mistake," he said when asked if he regretted not having children and only marrying in 2007. ... Full Story | Top |
| Frankfurt 'Blockupy' protesters clash with police Saturday, Jun 01, 2013 02:48 PM PDT  By Eva Kuehnen FRANKFURT (Reuters) - German police used pepper spray and batons against thousands of anti-capitalist demonstrators from the Blockupy movement on Saturday during a second day of protests in Frankfurt against Europe's austerity policies. Planned rallies in struggling euro zone members Spain and Portugal drew fewer people than expected, but in Germany's financial capital around 7,000 protesters marched with signs reading "Make love, not war" and "IMF - get out of Greece". ... Full Story | Top |
| Old Virginia town famed for ham uneasy about Chinese bid Saturday, Jun 01, 2013 12:50 PM PDT  By Gary Robertson SMITHFIELD, Virginia (Reuters) - Painted pig statues grace the picturesque brick sidewalks of this small Virginia river town of 8,000, and its slogan, "Hams, History and Hospitality," probably tells visitors all they need to know about Smithfield and its relationship with Smithfield Foods, the world's largest hog producer. Earlier this week, Smithfield Foods received a $4.7 billion buyout offer from a Chinese food company. News that an agreement had been reached and was awaiting U.S. ... Full Story | Top |
| Mexico's Aeromexico and union avert strike, delay key decision Saturday, Jun 01, 2013 11:17 AM PDT  By Alexandra Alper and Miguel Gutierrez MEXICO CITY (Reuters) - Mexico's biggest airline, Aeromexico, and its unionized workers forged a last-minute accord early on Saturday to avoid a strike that could have ground some 300 flights and cost 150 million pesos a day, but delayed a decision on a crucial sticking point. The union known as ASSA, which represents about 1,300 Aeromexico flight attendants, had threatened a midnight strike if it did not get the 5 percent salary hike and 3 percent boost in benefits it sought. ... Full Story | Top |
| Convicted murderer Sloot eyes Peru marriage for 'love,' says lawyer Saturday, Jun 01, 2013 10:58 AM PDT  LIMA (Reuters) - Jailed murderer Joran van der Sloot plans to wed his Peruvian girlfriend for love, not to avoid extradition to the United States in connection with the disappearance of an Alabama teenager, his lawyer said on Saturday. Van der Sloot, a 25-year-old Dutch citizen, is serving 28 years in prison for killing Peruvian business student Stephany Flores, 21, in 2010 after meeting her playing poker in a Lima casino. When his term ends, he is also slated to be sent to the United States to face charges of extortion stemming from the unsolved disappearance of U.S. ... Full Story | Top |
| ISS recommends vote for SoftBank's Sprint bid Saturday, Jun 01, 2013 08:48 AM PDT  (Reuters) - Proxy advisory firm Institutional Shareholder Services said that Sprint Nextel shareholders should vote for SoftBank Corp's proposed $20.1 billion purchase of the No. 3 U.S. mobile provider, potentially dealing a blow to a $25.5 billion rival bid from Dish Network . In its May 31 analysis, ISS said it had not yet developed a view, from a valuation perspective, on whether the offer from Dish is superior to the SoftBank deal for Sprint shareholders, given the preliminary nature of the Dish offer, and because Dish has not yet made its offer directly through a tender. ... Full Story | Top |
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