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Russian MPs in 'golden gun' fight

BBC News World - Wed, 12/04/2013 - 12:49pm
The dramatic fistfight inside Russia's parliament
Categories: World News

Homeless man sentenced over Rio riot

BBC News World - Wed, 12/04/2013 - 12:37pm
A 26-year-old homeless man is sentenced to five years in jail for his role in the violence during protests in Rio de Janeiro in June.
Categories: World News

China awards first 4G licences

BBC News World - Wed, 12/04/2013 - 12:36pm
China has awarded its first licences to mobile phone companies to provide the superfast 4G mobile network to customers.
Categories: World News

Gazprom to Address EU Competition Concerns

Wall Street Journal Online - Wed, 12/04/2013 - 12:21pm
Russian energy company OAO Gazprom will present draft proposals responding to European Union competition concerns.
Categories: Financial News

S Lanka heroin scam hits PM's office

BBC News World - Wed, 12/04/2013 - 12:13pm
Sri Lanka's prime minister orders staff not to write letters in his name, after a heroin importation scam used a letter from his office.
Categories: World News

Thousands of Eritreans 'abducted'

BBC News World - Wed, 12/04/2013 - 12:10pm
Up to 30,000 Eritreans have been abducted since 2007 and taken to Egypt's Sinai to suffer torture and ransom demands, new research says.
Categories: World News

Shot Hezbollah commander buried

BBC News World - Wed, 12/04/2013 - 11:54am
Crowds of mourners in Lebanon turn out to bury Hassan Lakkis, a commander in the Shia militant group Hezbollah, killed at close range on Tuesday.
Categories: World News

VIDEO: BBC inside Ukraine protest site

BBC News World - Wed, 12/04/2013 - 11:53am
Protests sparked by the Ukrainian government's decision not to sign an association deal with the EU are continuing in the capital Kiev.
Categories: World News

Ukraine ex-presidents back protests

BBC News World - Wed, 12/04/2013 - 11:41am
Three ex-presidents of Ukraine give their support to anti-government protesters angered by the failure to sign a major deal with the EU.
Categories: World News

Super Bowl Ads Are Sold Out

Wall Street Journal Online - Wed, 12/04/2013 - 11:37am
Commercial time for next year's Super Bowl XLVIII is sold out, according to Fox network. Marketers are paying up to $4 million for 30 seconds during the game.
Categories: Financial News

New-Home Sales Surge

Wall Street Journal Online - Wed, 12/04/2013 - 11:33am
Sales of new homes picked up in October and inventory fell, a sign the housing market may be stabilizing after a sharp summer slowdown.
Categories: Financial News

Rash of soldier suicides hits Canada

BBC News World - Wed, 12/04/2013 - 11:31am
Canada's military is soul searching after the suicides of up to four soldiers in just a week, raising questions over post-traumatic stress disorder.
Categories: World News

General Motors Selling Remaining Stake in Ally

Wall Street Journal Online - Wed, 12/04/2013 - 11:26am
General Motors Co. is severing its ownership ties with Ally Financial Inc. by selling its remaining stake in its former lending arm, according to people familiar with the matter.
Categories: Financial News

Spotify artists earn $0.007 per play

BBC News World - Wed, 12/04/2013 - 11:24am
Music streaming website Spotify responds to critics by revealing how much it pays in royalties, it says more than $1bn (£612m) since 2008.
Categories: World News

EU Clears Microsoft-Nokia Deal

Wall Street Journal Online - Wed, 12/04/2013 - 11:21am
Microsoft won unconditional approval from the European Union to buy Nokia's mobile-phone business, a deal the U.S. software company hopes will propel it into the market for digital devices.
Categories: Financial News

Vodafone to Invest $3 Billion in India

Wall Street Journal Online - Wed, 12/04/2013 - 11:18am
Vodafone Group PLC plans to invest $3 billion in India over the next two years to expand its networks and retail presence.
Categories: Financial News

IKEA in Spain Swamped by Job Demands

Time Magazine Latest Money News - Wed, 12/04/2013 - 11:16am
(MADRID) — An IKEA store in Spain says it has received 20,000 applications for just 400 jobs, an unprecedented rush that crashed its computer servers and illustrated the desperation the country’s 6 million unemployed people face. Company spokesman Rodrigo Sanchez said Wednesday the online applications received since Monday were for jobs as store workers in a shop to be opened next year outside the eastern city of Valencia. He said the most applications the company had received before in Spain were 50,000 in southern Jerez, but that was over a period of a month. Official figures show Spain may be beginning to emerge from a more than two-year recession but the government admits it will take years to bring down the 26 percent unemployment rate.
Categories: Financial News

Survey: U.S. Companies Add 215K Jobs, Most in Year

Time Magazine Latest Money News - Wed, 12/04/2013 - 11:15am
(WASHINGTON) — A private survey shows U.S. businesses last month added the most jobs in a year, powered by big gains in manufacturing and construction. Payroll processor ADP said Wednesday that companies and small businesses added 215,000 jobs in November. And ADP said private employers added 184,000 jobs in October, much stronger than its initial estimate of 130,000. The ADP numbers cover only private businesses and often diverge from the government’s more comprehensive report. Last month, the Labor Department said private businesses added 212,000 jobs in October. The Labor Department will report on November job growth Friday. Still, the figure suggests that hiring remained healthy in November after picking up in the prior three months. Manufacturing and construction firms each added 18,000 jobs. That was the biggest gain for manufacturers since early this year. Mark Zandi, chief economist at Moody’s Analytics, said the figures show that employers shook off the partial government shutdown in October and kept hiring, despite a drop in consumer confidence. Moody’s helps compile the ADP data. “That’s very encouraging as we make our way into next year,” Zandi said. Other economists also said the hiring boost was a good sign, but noted that the ADP figures are not always a reliable guide to the government’s figure. “Take this with a grain of salt, but if the direction is right, it is good news,” said Jennifer Lee, an economist at BMO Capital Markets. Many analysts noted that if Friday’s government report is as encouraging as the ADP figures, the Federal Reserve might be more inclined to reduce its monthly bond purchases when members meet later this month on Dec. 18 and 19. The Fed has been buying $85 billion in bonds each month to try to lower long-term interest rates and encourage more borrowing and spending. Employers of all sizes added jobs, the report found. And services firms added 176,000 jobs, the most in a year. The government says public and private employers have added an average of 202,000 jobs a month from August through October. That
Categories: Financial News

U.S. Trade Deficit Drops to $40.6 Billion in October

Time Magazine Latest Money News - Wed, 12/04/2013 - 10:58am
(WASHINGTON) — The U.S. trade deficit fell in October, helped by America’s energy boom that lifted overall exports to an all-time high. The trade gap narrowed to $40.6 billion in October, the Commerce Department said Wednesday. That’s 5.4 percent lower than the September gap of $43 billion, which was higher than initially estimated. Exports rose 1.8 percent to a record $192.7 billion, buoyed by a 6 percent gain in petroleum exports. Imports rose 0.4 percent to $233.3 billion, the highest since March 2012. Oil imports rose 1.5 percent. The U.S. is benefiting from an energy revival, which has lessened its dependence on foreign oil. U.S. petroleum exports are up 9.3 percent in the first 10 months of this year compared with the same period in 2012. At the same time, petroleum imports are down 11.1 percent. The drop in oil imports has been helped by lower global prices. A smaller trade deficit can boost economic growth. It typically shows that American companies are earning more from sales overseas while U.S. consumers are buying fewer products from their foreign competitors. Through October, the deficit is running 10.6 percent below last year’s pace. The deficit is smaller because exports have risen 2.7 percent while imports are basically running at the same pace as last year. The overall economy grew at an annual rate of 2.8 percent in the July-September quarter. That figure will be revised on Thursday and many analysts believe growth will be boosted to a 3.1 percent rate. However, much of the third-quarter strength came from a buildup in business stockpiles. Businesses are expected to have slowed inventory building in the final three months of the year. For that reason, many economists believe overall economic growth has decelerated to a 2 percent annual rate. But some economists said the smaller trade deficit in October could mean overall economic growth will be a bit stronger than expected. Paul Ashworth, chief U.S. economist at Capital Economics, said growth in the October-December quarter could be a little higher than 2 percent, based on
Categories: Financial News

Philip Morris Buying Stake in Megapolis for $750M

Time Magazine Latest Money News - Wed, 12/04/2013 - 10:48am
(NEW YORK) — Philip Morris is buying a 20 percent stake in Megapolis Distribution BV, the holding company for its Russian cigarette distributor, for $750 million. Megapolis focuses mostly on the distribution of tobacco and beverages. It handles about 70 percent of the cigarettes sold in Russia through distribution agreements with Philip Morris, Japan Tobacco International and Imperial Tobacco Group. The agreement also includes an additional payment of up to $100 million based on Megapolis’ operational performance over the four fiscal years after the deal’s closing. “This investment paves the way for infrastructure expansion and improved operating efficiencies in the strategic area of distribution in Russia, and will therefore benefit our wide portfolio of leading brands,” Miroslaw Zielinski, Philip Morris’ president of Eastern Europe, the Middle East and Africa region and PMI Duty Free, said in a statement. Philip Morris International Inc., which sells Marlboro and other cigarette brands overseas, said Wednesday that it expects the transaction to add to its earnings per share as of 2014′s first quarter. The deal is targeted to close by year’s end. Philip Morris International shares finished at $85.76 per share on Tuesday. Its shares are up 2 percent so far this year.
Categories: Financial News


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