Sunday, July 28, 2013

Daily News: Reuters Business News Headlines - Insight: The poison pill in India's search for cheap food

Saturday, Jul 27, 2013 10:35 PM PDT
Today's Reuters Business News Headlines - Yahoo! News:

Insight: The poison pill in India's search for cheap food 
Saturday, Jul 27, 2013 10:35 PM PDT
A farmer sprays pesticide containing monocrotophos on a paddy field at Mohanpur villageBy Rajendra Jadhav and Jo Winterbottom MUMBAI/NEW DELHI (Reuters) - Nearly a decade ago, the Indian government ruled out a ban on the production and use of monocrotophos, the highly toxic pesticide that killed 23 children this month in a village school providing free lunches under a government-sponsored program. Despite being labeled highly hazardous by the World Health Organization (WHO), a panel of government experts was persuaded by manufacturers that monocrotophos was cheaper than alternatives and more effective in controlling pests that decimate crop output. ...
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China orders nationwide government debt audit 
Saturday, Jul 27, 2013 10:18 PM PDT
BEIJING (Reuters) - China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world's second biggest economy. The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit. ...
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NBC plans Hillary Clinton miniseries, part of TV event strategy 
Saturday, Jul 27, 2013 07:54 PM PDT
U.S. Secretary of State Clinton addresses a news conference during a NATO foreign ministers meeting in BrusselsBy Lisa Richwine LOS ANGELES (Reuters) - NBC plans to air a four-hour miniseries starring Diane Lane as former U.S. Secretary of State and first lady Hillary Clinton, part of the broadcast TV network's strategy to improve its ratings by luring viewers to one-time event programming. The part of Bill Clinton has not been cast, NBC Entertainment Chairman Bob Greenblatt said on Saturday at a meeting of the Television Critics Association. ...
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Overstock.com CEO mocks SAC Capital indictment in WSJ ad 
Saturday, Jul 27, 2013 06:47 PM PDT
(Reuters) - Overstock.com Chief Executive Patrick Byrne appeared in an unusual full-page ad in The Wall Street Journal on Saturday "congratulating" Steven A. Cohen on the indictment of his SAC Capital Advisors hedge fund by federal prosecutors on insider trading charges. In the ad, Byrne, who has made critical comments about big hedge funds such as SAC Capital in the past, is holding what appears to be the skull of a Sith Lord, a villain from the "Star Wars" film series. "Congratulations on the indictment, Stevie, and remember: roll early, roll often," Byrne says in the ad. U.S. ...
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Business booms for asylum middlemen in Afghan exodus 
Saturday, Jul 27, 2013 06:35 PM PDT
Naser Gulzad, 25, prays in his Kabul homeBy Rob Taylor and Mirwais Harooni KABUL (Reuters) - In a brightly lit travel agency in a gloomy Kabul mall, business is booming for Naser Gulzad. But all he can think about is shutting up shop and following his customers out of Afghanistan. Like many Afghans watching the exit of NATO-led troops and fearing a comeback by the Taliban or the country's notorious warlords, Gulzad wants desperately to join an exodus gathering pace ahead of what is expected to be a tumultuous 2014. "People are really worried about their own future and the future of Afghanistan. ...
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Ford recalls 33,021 C-Max hybrid cars due to roof issue 
Saturday, Jul 27, 2013 06:20 PM PDT
A Ford C-max Energi hybrid car is seen on display during the North American International Auto show in Detroit(Reuters) - Ford Motor Co said it was recalling 33,021 C-Max hybrid cars because a roof component did not meet requirements for protecting against head injuries. The vehicles were built between January 19, 2012, and June 26, 2013, in Michigan. Only vehicles without the optional panoramic glass roof are included in the recall. Ford said it would install plastic energy-absorbing material under the roof on both sides of the vehicle to correct the problem. No accidents or injuries have been attributed to the issue, the company said. ...
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Speedboat driver charged with manslaughter in fatal New York crash 
Saturday, Jul 27, 2013 06:09 PM PDT
NEW YORK (Reuters) - The pilot of a speedboat that was carrying six members of a wedding party when it crashed into a barge on the Hudson River was charged on Saturday with vehicular manslaughter in the death of one of the passengers, reported as the bride-to-be. Jojo John, 35, was also charged with three counts of vehicular assault, said Rockland County Sheriff William Barbera. He was in custody at a local hospital, where he was being treated for injuries he suffered along with three others injured in the accident on Friday night. ...
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New Michael J. Fox show highlights humor in Parkinson's fight 
Saturday, Jul 27, 2013 05:51 PM PDT
Michael J. Fox participates in a panel for "The Michael J. Fox Show" during the NBC sessions at the Television Critics Association summer press tour in Beverly Hills, CaliforniaBy Lisa Richwine LOS ANGELES (Reuters) - Actor Michael J. Fox said he aimed to bring laughs and a dose of reality about day-to-day living with Parkinson's disease to a new NBC comedy loosely based on his life, his first lead role in a television show in 13 years. In the upcoming "The Michael J. Fox Show," the actor plays a father with Parkinson's who returns to work as a local newscaster on an NBC TV station in New York. To his surprise, his fictional family reacts with relief that he will be getting out of the house. ...
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Obama disputes job projections for Keystone XL pipeline: NYT 
Saturday, Jul 27, 2013 05:25 PM PDT
President Barack Obama waves as he walks on the South LawnWASHINGTON (Reuters) - President Barack Obama called into question the number of jobs that would be created from the controversial Keystone XL pipeline in an interview with the New York Times released on Saturday. "Republicans have said that this would be a big jobs generator," Obama said, according to the newspaper. "There is no evidence that that's true. ...
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Al Shabaab claim attack on Turkish mission in Somalia, three dead 
Saturday, Jul 27, 2013 05:21 PM PDT
Turkish embassy staff carry their wounded colleague on a stretcher after a suicide car bomb attack at the gates of an office housing Turkish embassy staff in Somalia's capital MogadishuBy Feisal Omar and Abdi Sheikh MOGADISHU (Reuters) - A car loaded with explosives rammed into an office housing Turkish embassy staff in the Somali capital, killing three people, witnesses and officials said on Saturday, the latest in a series of blasts claimed by Islamist al Shabaab rebels. Al Shabaab was pushed out of bases in Mogadishu by Somali and African forces about two years ago, raising hopes of a return to relative security in a city hit by years of war. ...
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Bus carrying church group crashes in Indianapolis, killing three 
Saturday, Jul 27, 2013 04:36 PM PDT
INDIANAPOLIS (Reuters) - A bus carrying a group of teenagers home from a summer church camp crashed in Indianapolis on Saturday, killing three people and injuring more than two dozen, authorities said. The bus overturned on its side and slid into a highway lane barrier as it was exiting Interstate 465 onto a surface road shortly after 4 p.m., city fire department officials said. According to eyewitness accounts, the bus appeared to have been traveling at a "high rate of speed" when it tipped over on the exit ramp, fire department spokesman Ato McTush said. ...
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Singer-songwriter JJ Cale dead at 74 after heart attack 
Saturday, Jul 27, 2013 02:28 PM PDT
By Tim Ghianni NASHVILLE, Tennessee (Reuters) - Grammy Award-winning singer and songwriter JJ Cale, one of the most versatile musicians of his era who played guitar and spanned music genres from rock 'n' roll to blues and jazz, has died after suffering a heart attack, his official website said on Saturday. Cale, 74, won a Grammy in 2008 for "The Road to Escondido," which he recorded with singer-songwriter Eric Clapton. While he never attained Clapton's level of stardom, he had a wide-ranging influence, particularly his style of playing the guitar and the songs he wrote for music legends. ...
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Siemens CEO to leave following profit warning 
Saturday, Jul 27, 2013 02:16 PM PDT
Peter Loescher, chief executive of German engineering conglomerate Siemens AG addresses the media ahead of the company's annual shareholder meeting in MunichMUNICH (Reuters) - Siemens Chief Executive Peter Loescher is to leave the company, four years before the end of his contract, after the German engineering group this week issued its second profit warning this year. Siemens said in a statement late on Saturday that at a meeting on July 31, the supervisory board would pass the decision on Loescher's early departure. "In addition, it will decide on the appointment of a member of the managing board as President and CEO," it added. Siemens, among Germany's three biggest companies by market value, did not provide further details. ...
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Obama says narrowed Fed choices, to announce in months: NY Times 
Saturday, Jul 27, 2013 02:11 PM PDT
U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in WashingtonWASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to "some extraordinary candidates" and will announce his pick "over the next several months," he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. "The idea is to promote those things in service of the lives of ordinary Americans getting better," Obama said. ...
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Quebec town mourns victims of fuel-tanker train disaster 
Saturday, Jul 27, 2013 12:16 PM PDT
Mourners walk the perimeter of the red zone as rescue workers line the streets following a memorial service to honour the victims of the train derailment in Lac MeganticBy Christinne Muschi LAC-MEGANTIC, Quebec (Reuters) - Hundreds of mourners filled the streets of Lac-Megantic, Quebec, on Saturday, as the families of the 47 people killed in North America's worst railway disaster in two decades attended a memorial service at a local church. A trumpeter on the street played Ave Maria to the mourners as they gathered outside St Agnes church to watch the service on a massive screen. "It's still difficult," said Chantal Guay, a local resident who was among the crowd outside church. "We're all family in Lac-Megantic, everyone knows each other. ...
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