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Crime drama Ripper Street is axed

BBC News World - Wed, 12/04/2013 - 9:21am
The BBC's Victorian crime drama Ripper Street is not returning for a third series after suffering falling ratings, the broadcaster confirms.
Categories: World News

Newtown 911 calls to be released

BBC News World - Wed, 12/04/2013 - 9:21am
Authorities are about to release emergency dispatch recordings of last year's school shooting in Newtown, Connecticut, which left 26 people dead.
Categories: World News

This Is What Ford’s All-New 2015 Mustang Really Looks Like

Time Magazine Latest Money News - Wed, 12/04/2013 - 9:16am
Fifty years after Ford first unveiled the Mustang at the New York World’s Fair, the American automaker is betting a total redesign can make the vehicle appeal to drivers around the world. TIME got an exclusive look into the sixth-generation Mustang’s development, including these never-before-seen images of the car Ford will formally reveal tomorrow. The vehicle, which will go on sale next year as a 2015 model, is lower, sleeker and wider than the current Mustang. The most notable difference: this is the first Mustang to be produced for foreign markets, as Ford tries to turn an American icon into its global flagship. Ford executives and engineers told TIME they found themselves straining to satisfy the demands of drivers in Europe and Asia, produce a Mustang with right-side steering for the U.K., India and Australia, while retaining the performance American customers expect. At one point the project had to be rebooted because original designs were not meeting these requirements, TIME has learned. That cost Ford millions. The new Mustang will also have a surprise under the hood: an optional 4-cylinder, turbo-charged engine. It’s a nod to Europe, where gas prices are twice those in the U.S. but also risks undercutting the Mustang’s marketable heritage as a V8 power machine. Now, by producing a Mustang for sale around the globe, Ford will be extending its strategy of building so-called world cars that can be sold profitably in a wide array of markets with arguably its most recognizable brand. The full story will be available tomorrow on Time.com and in the 12/16 issue of TIME. Thomas Prior for TIME Thomas Prior for TIME
Categories: Financial News

U.S. Banks Again Fail to Comply With Parts of Mortgage Settlement

Wall Street Journal Online - Wed, 12/04/2013 - 9:11am
Bank of America, JP Morgan and Citigroup each fail at least 2 metrics.
Categories: Financial News

US trade gap narrows in October

BBC News World - Wed, 12/04/2013 - 9:04am
The US trade gap narrowed in October as oil exports hit a record high, the Commerce Department says.
Categories: World News

Delivery Drones, Smartphone Airbags and Other Big Ideas: How Jeff Bezos Looks to the Future

Time Magazine Latest Money News - Wed, 12/04/2013 - 8:46am
Jeff Bezos has made headlines for his latest “out of the box” concept, delivery drones. But thinking big is pretty much par for the course for the Amazon founder.
Categories: Financial News

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

Time Magazine Latest Money News - Wed, 12/04/2013 - 8:45am
(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. 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 was up from an average of 146,000 from May through June. At the same time, growth picked up. The economy expanded at a 2.8 percent annual rate in the July-September quarter. But analysts expect growth to slow in the current quarter to about a 2 percent rate.
Categories: Financial News

U.S. Trade Gap Narrows in October

Wall Street Journal Online - Wed, 12/04/2013 - 8:42am
American exports rose for the first time since early summer, a sign stabilizing overseas economies could support U.S. growth.
Categories: Financial News

U.S. Stock Futures Extend Losses

Wall Street Journal Online - Wed, 12/04/2013 - 8:31am
Stock futures edged lower after better-than-expected jobs data supported growing expectations that the Federal Reserve could start to pare stimulus efforts this month.
Categories: Financial News

Deadly rocket attack in north Syria

BBC News World - Wed, 12/04/2013 - 8:11am
At least 18 people have been killed in a rocket attack on government-held areas in the Syrian city of Aleppo, activists say.
Categories: World News

'Christian militia' in CAR killing

BBC News World - Wed, 12/04/2013 - 8:05am
A Christian militia is suspected to have killed 12 people, including children, and wounded 30 others in an attack on Monday in the Central African Republic (CAR), officials say.
Categories: World News

Launch of world's biggest 'ship'

BBC News World - Wed, 12/04/2013 - 8:03am
The world's biggest vessel takes to the water for the first time in South Korea.
Categories: World News

Hunt for tiger after India deaths

BBC News World - Wed, 12/04/2013 - 7:47am
Forest officials in the southern Indian state of Karnataka are searching for a tiger which they say has killed three villagers in the past week.
Categories: World News

Brown-Forman Net Up 19% on Jack Daniel's Growth

Wall Street Journal Online - Wed, 12/04/2013 - 7:39am
Brown-Forman's fiscal second-quarter income jumped a bigger-than-expected 19% as the wine and liquor maker's results benefited from continued growth of its Jack Daniel's business.
Categories: Financial News

Man killed in Argentine looting

BBC News World - Wed, 12/04/2013 - 7:27am
A 20-year-old man is killed in the central Argentine city of Cordoba as groups of people take advantage of a police strike to loot shops.
Categories: World News

Trainer Butler banned for five years

BBC News World - Wed, 12/04/2013 - 7:24am
Trainer Gerard Butler is disqualified for five years by the British Horseracing Authority after doping inquiry.
Categories: World News

Standard Chartered Warns on Profit

Wall Street Journal Online - Wed, 12/04/2013 - 7:13am
Standard Chartered warned its operating profit would fall this year for the first time in a decade because of continuing problems in its South Korea business and a weak fourth quarter.
Categories: Financial News

When You Wear Your Emotions at Work

Time Magazine Latest Money News - Wed, 12/04/2013 - 7:08am
Well before he had written a word about management, Peter Drucker learned just how high people’s passions can run at the office. It was the early 1930s, and the then-24-year-old Drucker had been hired as an analyst at a London merchant back called Freedberg & Co. One of his first assignments was to help settle a dispute with a firm in Amsterdam that supposedly owed Freedberg a bunch of money. Drucker scoured the books and determined that, in fact, the Dutch weren’t on the hook for nearly as much as everybody at his bank thought. The partner who’d been pressing the matter for months was “extremely angry” with the finding, Drucker recalled. He blew up. “I don’t need enemies if I have you for a friend,” he told Drucker. I’ve been thinking about the role that emotions play in the workplace since reading a Wall Street Journal piece this week about a campaign being waged by the mayor of New Bedford, Mass., to save the one-time headquarters of Berkshire Hathaway from being razed to make room for a parking lot. The rundown building was the home of a textile manufacturer that was acquired in 1965 by Warren Buffett. He used the cash flow from the mill to help fund the nascent growth of his conglomerate, which kept the Berkshire Hathaway name. Interestingly, Buffett himself has no sentimental attachment to the property. “I don’t know what you’d do with that place,” the billionaire said. But, as the Journal article noted, this doesn’t mean that Buffett’s own emotions were never fully on display there. Indeed, Buffett originally got tangled up with Berkshire Hathaway when he tried to sell some stock back to the textile maker. He thought he had a deal, only to find that Berkshire Hathaway’s president had dropped the offer price at the last minute. “The alleged lowball offer angered . . . Buffett, who then amassed a majority stake in Berkshire Hathaway and gained a seat on its board with the intent of replacing” the company’s top executives, the
Categories: Financial News

'No joy in killing' - Rigby accused

BBC News World - Wed, 12/04/2013 - 7:08am
One of the men accused of murdering solider Lee Rigby told police it gave him "little joy to approach anybody and slay them", the Old Bailey hears.
Categories: World News

BBC to show 200 hours of Sochi 2014

BBC News World - Wed, 12/04/2013 - 7:00am
The BBC will show 200 hours of action from Sochi 2014 with Clare Balding, Hazel Irvine and Jonathan Edwards hosting the coverage.
Categories: World News

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