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| Facebook to pull ads from pages with sex, violence Friday, Jun 28, 2013 12:26 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc said it will no longer allow ads to appear on pages with sexual or violent content, as the online social network moves to appease marketers being associated with objectionable material. The moves come a month after several businesses pulled their ads from Facebook amid reports of pages on Facebook that promoted violence against women. ... Full Story | Top |
| Dow, S&P 500 slip as second quarter nears close Friday, Jun 28, 2013 12:19 PM PDT  By Alison Griswold NEW YORK (Reuters) - The Dow and the S&P 500 slipped on Friday as the end of the second quarter approached, with investors finding little reason to push shares higher after a three-day rally. With less than an hour left in the session, only the Nasdaq was in positive territory. Stocks opened lower on weakness in technology shares, then fluctuated between steep losses and moderate gains for much of the session before flattening out. Losses in financials and tech weighed on the market, but were partially offset by strength in utilities and consumer discretionary shares. ... Full Story | Top |
| South Africa's Mandela 'improving' as Obama flies in Friday, Jun 28, 2013 12:13 PM PDT  By Peroshni Govender and Jeff Mason PRETORIA/JOHANNESBURG (Reuters) - South Africa's ailing anti-apartheid leader Nelson Mandela is doing much better in hospital, his ex-wife Winnie said on Friday, as U.S. President Barack Obama arrived for a visit that will pay homage to a man he calls his "personal hero". The faltering health of the first black president of South Africa, a revered symbol of racial reconciliation, has drawn world attention since the 94-year-old was rushed to hospital with a recurring lung infection nearly three weeks ago. ... Full Story | Top |
| Not a vulture but a drone: South Africa police detain cameraman Friday, Jun 28, 2013 12:08 PM PDT  PRETORIA (Reuters) - South African police on Friday detained the owner of a radio-controlled helicopter drone carrying a camera that was filming scenes around the Pretoria hospital where ailing anti-apartheid hero Nelson Mandela is being treated. F.C. Hamman, a South African freelance film-maker, was escorted away by police along with the helicopter camera he was flying with his 21-year-old son Timothy outside the clinic where Mandela, 94, has spent three weeks with a lung infection. After nearly four hours of questioning by police, Hamman was released but the drone camera was confiscated. ... Full Story | Top |
| Canada to review all wireless spectrum transfer deals Friday, Jun 28, 2013 12:03 PM PDT  By Alastair Sharp TORONTO (Reuters) - The Canadian government will review all sales of wireless airwave licenses and reject any deals that would lead to undue concentration, it said on Friday in its latest move to weaken the dominance of the country's three big wireless carriers. The new rules come after two of Canada's biggest telecom companies - Rogers Communications Inc and Telus Corp - tried to acquire spectrum owned by smaller operators. ... Full Story | Top |
| Starbucks reports UK loss, pays no tax for 2012 Friday, Jun 28, 2013 11:33 AM PDT  By Tom Bergin LONDON (Reuters) - Starbucks, whose thin tax payments in Britain provoked a backlash against corporate tax avoidance when revealed by Reuters, paid no tax for the year to September 30, 2012. The coffee giant's main UK subsidiary reported its 15th straight annual loss at its UK stores in accounts filed on Friday. Reuters revealed in October that Starbucks reported consistent UK losses while telling investors the British unit was profitable and promoting managers of the unit within the group. ... Full Story | Top |
| No sign of BlackBerry turnaround in results, shares plunge Friday, Jun 28, 2013 11:33 AM PDT  By Euan Rocha and Alastair Sharp TORONTO (Reuters) - BlackBerry's market capitalization plunged by more than 25 percent on Friday after the smartphone maker reported dismal quarterly results, prompting deeper investor skepticism of the company's long-promised turnaround. ... Full Story | Top |
| Brazil truckers call for 72-hour strike starting Monday Friday, Jun 28, 2013 11:27 AM PDT SAO PAULO (Reuters) - Brazil's trucking union is calling for a 72-hour strike starting on Monday, potentially slowing the movement of record soy, corn and sugar crops to ports, although unlikely to stop exports. MUBC, as the most influential truckers union in Brazil is known, encouraged all sectors involved in transporting cargoes in the country to participate in a "passive protest" starting 6 a.m. (1000 GMT) on Monday, in a written statement posted online. ... Full Story | Top |
| How Gazprom's $1 trillion dream has fallen apart Friday, Jun 28, 2013 11:14 AM PDT  By Vladimir Soldatkin MOSCOW (Reuters) - Zoya Danilina, who owns some 700 shares in Gazprom , says investors don't have to look far to understand that Russia's most powerful company has lost its way. Danilina remembers when her shares were worth over 300 roubles each. Now they fetch about 100 roubles. "There have been much better days, when tables were served with black and red caviar," she said on the sidelines of Gazprom's annual general meeting in Moscow on Friday, looking at a plate of boiled buckwheat, a popular staple food in Russia. ... Full Story | Top |
| UBS commits to home market with Zurich HQ revamp Friday, Jun 28, 2013 11:09 AM PDT  By Katharina Bart ZURICH (Reuters) - UBS will spend more than 100 million Swiss francs ($105.42 million) on a facelift of its Zurich headquarters, hoping to turn the building into a buzzing retail area on one of Europe's most exclusive shopping streets. The Swiss bank is splashing out as other European banks are tightening their belts on real estate, as they cut bloated balance sheets, slash jobs and reconsider the cost of occupying prime locations amid a downturn in business. ... Full Story | Top |
| Intel executives increase focus on Atom mobile chip Friday, Jun 28, 2013 11:07 AM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's top executives said on Friday the microprocessor company would speed up development and roll-out of its Atom chips for mobile devices, as the computing world moves away from the traditional personal computer. The company is also being "cautious" on its Intel television service, as it continues to look at the business model, according to the company's new Chief Executive Officer Brian Krzanich. "We believe we have a great user interface and the compression-decompression technology is fantastic," Krzanich said. ... Full Story | Top |
| Auto industry June sales harken back to pre-recession Friday, Jun 28, 2013 11:00 AM PDT  By Joseph Lichterman and Ben Klayman DETROIT (Reuters) - U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it's 2007 -- facing demand not seen since before a recession that drove General Motors and Chrysler into bankruptcy. The owner of Classic Chevrolet Sugar Land outside Houston is on pace for another month of new-car sales above 200, driven by demand for the full-size pickup trucks that Texans love. "The month has been good," he boasted. "It's picked up over the last week or so in particular. Credit's generally good in our area. ... Full Story | Top |
| Ex-Tesco boss says fixing Leahy legacy to take three years Friday, Jun 28, 2013 10:43 AM PDT  By James Davey LONDON (Reuters) - Tesco's former chairman , Ian MacLaurin, attacked the legacy of the retailer's previous chief executive Terry Leahy and told shareholders it could take three years for the world's No. 3 retailer to recover. The group, which trails France's Carrefour and U.S. group Wal-Mart by annual sales, was one of Britain's most consistent performers until a profit warning in January 2012. Tesco posted its first profit fall in two decades in April this year, wrote down the value of its global operations by $3. ... Full Story | Top |
| Barclays says new watchdog targets could force lending cut Friday, Jun 28, 2013 10:15 AM PDT  By Steve Slater LONDON (Reuters) - Barclays warned on Friday it may have to cut lending if it is forced to act quickly to meet new financial targets imposed by regulators, but the Bank of England said it will not accept any plans that hurt lending. The central bank's Prudential Regulation Authority (PRA) last week surprised investors by telling banks they needed to have a 3 percent leverage ratio, and said Barclays fell short with a ratio of only 2.5 percent after adjustments. ... Full Story | Top |
| Fed's Stein puts focus on September as time to assess QE3 Friday, Jun 28, 2013 10:07 AM PDT  By Jonathan Spicer and Alister Bull NEW YORK/WHITE SULPHUR SPRINGS, West Virginia (Reuters) - September could be an opportune time for the Federal Reserve to consider scaling back its assets purchase, an influential official of the U.S. central bank said on Friday, as he stressed that the Fed must take a long view of economic progress and not be blinded by the most recent data. ... Full Story | Top |
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