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| FEMA denies West, Texas, bid for more disaster aid Wednesday, Jun 12, 2013 12:58 PM PDT By Karen Brooks AUSTIN, Texas (Reuters) - The federal government's disaster agency rejected a request for aid to replace infrastructure destroyed near West, Texas, by an April fertilizer plant explosion that killed 14 people, Texas Governor Rick Perry's office said on Wednesday. President Barack Obama issued an emergency declaration for the area and the state after the April 17 explosion, releasing funds for individuals, cleanup of the site and emergency responders. ... Full Story | Top |
| US-INDUSTRY Summary Wednesday, Jun 12, 2013 12:52 PM PDT Greek PM faces coalition revolt over state TV shutdown ATHENS (Reuters) - Greek Prime Minister Antonis Samaras faced down a political revolt on Wednesday from partners in his ruling coalition after his government abruptly switched the state broadcaster off the air in the middle of the night. Screens went black on state broadcaster ERT, cutting newscasters off mid-sentence only hours after the decision was announced, in what the government said was a temporary measure to staunch a waste of taxpayers' money. ... Full Story | Top |
| Greek PM faces coalition revolt over state TV shutdown Wednesday, Jun 12, 2013 12:52 PM PDT  By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Greek Prime Minister Antonis Samaras faced down a political revolt on Wednesday from partners in his ruling coalition after his government abruptly switched the state broadcaster off the air in the middle of the night. Screens went black on state broadcaster ERT, cutting newscasters off mid-sentence only hours after the decision was announced, in what the government said was a temporary measure to staunch a waste of taxpayers' money. ... Full Story | Top |
| U.S. charges eight for cybercrime targeting banks, government Wednesday, Jun 12, 2013 12:49 PM PDT By Jonathan Stempel (Reuters) - Federal prosecutors in New Jersey on Wednesday unveiled criminal charges against eight people accused of trying to steal at least $15 million from U.S. customers in an international cybercrime scheme targeting accounts at 15 financial institutions and government agencies. U.S. ... Full Story | Top |
| Wall St. falls on lingering worry over stimulus cuts Wednesday, Jun 12, 2013 12:49 PM PDT  By Rodrigo Campos NEW YORK (Reuters) - Stocks fell on Wednesday, with the Dow tumbling more than 100 points on a wildly volatile day as traders extended a selloff driven by concern about the winding down of central banks' stimulus measures. The S&P 500 was caught between support near its 50-day moving average and resistance at the 14-day moving average. The S&P 500 has closed below its 50-day moving average only once this year - in mid-April. ... Full Story | Top |
| Facebook adds 'hashtag' feature, taking a page from Twitter Wednesday, Jun 12, 2013 12:49 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc, the world's No. 1 social network, is adopting the "hashtag," one of the most recognizable features of its younger rival Twitter, in a move to position its Web service as an important complement to television, sporting events and breaking news. Facebook said on Wednesday that it will begin to roll out the feature on its social network, making it easier for users and advertisers to find hot spots of user activity around specific events or topics. ... Full Story | Top |
| CA-BUSINESS Summary Wednesday, Jun 12, 2013 12:43 PM PDT TSX falls to 1-1/2-month low as Dollarama stumbles TORONTO (Reuters) - Canada's main stock index dropped to its lowest level in more than six weeks on Wednesday as shares of Dollarama Inc fell sharply after the retailer posted quarterly results that disappointed the market, offsetting gains in gold miners. The dollar store operator gave back 3.8 percent after it reported weaker-than-expected first-quarter earnings, hurt by poor weather and the cost of opening new stores. ... Full Story | Top |
| Exxon to run more tests on ruptured Arkansas oil pipeline Wednesday, Jun 12, 2013 12:42 PM PDT  By David Sheppard NEW YORK (Reuters) - Exxon Mobil Corp was granted time by regulators to carry out a second round of testing on the ruptured Pegasus oil pipeline, after the firm said an initial investigation into the reason the nearly 70-year-old line failed was not conclusive. The 95,000-barrel-per-day (bpd) line has been shut since spilling thousands of barrels of heavy Canadian crude oil into the town of Mayflower, Arkansas, in late March, and questions have been raised over whether it will ever be restarted. State politicians have asked Exxon to relocate a 13. ... Full Story | Top |
| India's Apollo Tyres to buy Cooper Tire for $2.5 billion Wednesday, Jun 12, 2013 12:31 PM PDT By Bijoy Anandoth Koyitty and Aradhana Aravindan (Reuters) - India's Apollo Tyres Ltd agreed to buy U.S.-based Cooper Tire & Rubber Co for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker and reduce its dependence on a slowing Indian auto market. The acquisition of Cooper -- the second biggest U.S. tire maker and No. 11 globally with annual sales of $4.2 billion -- will give Apollo access to the U.S. market for replacement tires for cars and light and medium trucks, Cooper's main business. ... Full Story | Top |
| HP CEO sees possible 2014 revenue growth; shares up Wednesday, Jun 12, 2013 12:22 PM PDT  NEW YORK (Reuters) - Hewlett-Packard Co Chief Executive Officer Meg Whitman said on Wednesday that revenue growth was "still possible" for the computer maker in its next fiscal year but that the performance of the overall PC market was a wild card. HP shares rose 4 percent to $25.22 in morning New York Stock Exchange trading after Whitman's comments in an interview on cable network CNBC. Wall Street analysts have estimated revenue of $108.9 billion for HP's 2014 fiscal year, according to Thomson Reuters I/B/E/S. That would be down from their expectation of $111. ... Full Story | Top |
| Snowden says he will stay in Hong Kong and fight extradition Wednesday, Jun 12, 2013 12:13 PM PDT  By John Whitesides WASHINGTON (Reuters) - The National Security Agency contractor who revealed the U.S. government's top-secret monitoring of phone and Internet data says he intends to stay in Hong Kong and fight any effort to bring him back to the United States to face charges. Edward Snowden, in his first public comments since he dropped out of view in Hong Kong on Monday, said he did not travel to the former British colony to avoid punishment for leaking details of the surveillance program. "I am not here to hide from justice. ... Full Story | Top |
| Column: Building America's secret surveillance state - James Bamford Wednesday, Jun 12, 2013 12:05 PM PDT  By James Bamford (Reuters) - "God we trust," goes an old National Security Agency joke. "All others we monitor. First, the Guardian reported details on a domestic telephone dragnet in which Verizon was forced to give the NSA details about all domestic, and even local, telephone calls. Then the Guardian and the Washington Post revealed another massive NSA surveillance program, called Prism, that required the country's major Internet companies to secretly pass along data including email, photos, videos, chat services, file transfers, stored data, log-ins and video conferencing. ... Full Story | Top |
| Canada's CBC says two reporters detained in Turkey Wednesday, Jun 12, 2013 11:35 AM PDT ISTANBUL (Reuters) - Two foreign correspondents from the Canadian Broadcasting Corp. (CBC) covering protests in Istanbul were detained by police on Wednesday and the company said it was seeking further information from the Turkish authorities. CBC said on its website it had been in touch with reporters Sasa Petricic and Derek Stoffel following their detention. Canadian Foreign Minister John Baird said on his Twitter account he had telephoned the Turkish ambassador to express his concern. "Sasa and I are ok. In police custody but ok. Thanks for kind words. ... Full Story | Top |
| Could school gate politics replace mommy porn for women readers? Wednesday, Jun 12, 2013 11:33 AM PDT By Belinda Goldsmith LONDON (Reuters) - A British writer whose debut novel about mothers at the school gate sparked a seven-way bidding war between publishers has attributed the overnight success of her book to striking a chord with women used to negotiating the politics of female groups. The hype around "The Hive" led to Gill Hornby being described as publisher Little Brown's "most important new author of 2013" and NBC Universals' arthouse Focus Features snapped up the film rights even before the book's release on May 23. ... Full Story | Top |
| Rare 1938 Superman comic book found in U.S. wall fetches $175,000 Wednesday, Jun 12, 2013 11:27 AM PDT LOS ANGELES (Reuters) - A rare 75-year-old comic book featuring the debut of Superman found in a Minnesota home's wall fetched $175,000 at auction, comic book seller Comicconnect.com said on Wednesday. The identity of the buyer in the online auction, which ended Tuesday, was not disclosed. The comic book, Action Comics No. 1 from June 1938, was the first appearance of the all-American superhero by writer Jerry Siegel and illustrator Joe Shuster. It had been estimated to sell for about $100,000, Comicconnect. ... Full Story | Top |
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