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| Gas leak at Intel Arizona plant sickens 43, sends 11 to hospital Saturday, Jun 29, 2013 12:37 PM PDT PHOENIX (Reuters) - A gas leak at Intel Corp's second-biggest manufacturing plant, located in Chandler, Arizona, sickened up to 43 people, including 11 who were taken to a local hospital, company and local fire officials said on Saturday. One of the buildings at the sprawling processing plant was evacuated after the leak of gas, which was identified as nitrogen triflouride, said Battalion Chief Tom Dwiggins, a fire department spokesman. ... Full Story | Top |
| Egyptian rail workers jailed over train crash that killed 50 Saturday, Jun 29, 2013 11:14 AM PDT CAIRO (Reuters) - Two Egyptian railway workers were sentenced to 10 years in prison on Saturday over a train crash last year that killed 50 people, mostly children, and inflamed public anger at the country's shoddy transport network. A court in the southern city of Assiut found Hussein Abdelrahman and Sayed Abdel Radwan guilty of causing the crash last November due to negligence in performing their jobs as rail crossing guards, judicial sources said. It sentenced the men to 10 years in prison each and fined each 100,000 Egyptian pounds ($14,200). ... Full Story | Top |
| Rolling Stones aim to give crowd satisfaction at Glastonbury Saturday, Jun 29, 2013 10:48 AM PDT  By Belinda Goldsmith PILTON, England (Reuters) - The Rolling Stones were gearing up for their debut performance at the Glastonbury music festival on Saturday, 50 years after starting out in the music business. More than 150,000 revelers descended on the festival in rural southwest England for a bill topped by a band still pulling in crowds despite an average age of 69. Organizers were carefully guarding details of the band's playlist for a set due to last over two hours. ... Full Story | Top |
| Axel Springer eyes cost cuts of over 20 million euros: CEO Saturday, Jun 29, 2013 09:45 AM PDT  FRANKFURT (Reuters) - Germany's Axel Springer , Europe's largest newspaper publisher, is targeting at least 20 million euros ($26 million) of savings in a restructuring plan, its chief executive was quoted as saying. Chief Executive Mathias Doepfner told Sueddeutsche Zeitung in an interview on Saturday that structural changes in the media industry had brought a decline in advertising and circulation at its key Bild newspaper in the "high one-digit percentage range". "It would be negligent if one did not respond to that. ... Full Story | Top |
| Poland economic policy to protect growth:Tusk Saturday, Jun 29, 2013 09:30 AM PDT  CHORZOW (Reuters) - Prime Minister Donald Tusk said the government will run an economy balanced between fiscal discipline and economic expansion, signaling it will not sacrifice growth to spending cuts. The former communist country has posted nearly two decades of uninterrupted growth but its economy began to slow sharply last year and growth fell to near zero in the first quarter of 2013. Tusk said the government would be flexible in its approach to economic growth. ... Full Story | Top |
| U.S. bugged EU offices, computer networks: German magazine Saturday, Jun 29, 2013 09:20 AM PDT  BERLIN (Reuters) - The United States bugged European Union offices and gained access to EU internal computer networks, according to secret documents cited in a German magazine on Saturday, the latest in a series of exposures of alleged U.S. spy programs. Der Spiegel cited from a September 2010 "top secret" document of the U.S. National Security Agency (NSA) which it said fugitive former NSA contractor Edward Snowden had taken with him and which the weekly's journalists had seen in part. ... Full Story | Top |
| Leading light in science, Italy's 'lady of the stars' Hack dies Saturday, Jun 29, 2013 08:50 AM PDT By Naomi O'Leary ROME (Reuters) - Astrophysicist Margherita Hack, a popular science writer, public intellectual and the first woman to lead an astronomical observatory in Italy, died on Saturday at the age of 91. Known as the "lady of the stars", Hack's research contributed to the spectral classification of many groups of stars, and the asteroid 8558 Hack is named after her. ... Full Story | Top |
| Glastonbury hosts heaven, hell and haircuts alongside the music Saturday, Jun 29, 2013 08:41 AM PDT  By Isla Binnie PILTON, England (Reuters) - Tomato fights, anarchic gymnasts and astrophysics drew festival-goers of all ages away from the mainstream music acts at Britain's Glastonbury festival this weekend. The 1,500 hippies who paid one pound ($1.52) to attend the first Glastonbury festival in 1970 would barely recognize the massive three-day event, where around 150,000 fans were watching 2,000 acts on 58 stages, alongside thousands of workshops and stalls. ... Full Story | Top |
| France to seek 14 billion euros in cuts next year: paper Saturday, Jun 29, 2013 08:37 AM PDT  PARIS (Reuters) - France will pursue 14 billion euros ($18.2 billion) in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015, Le Monde reported. France's Socialist government aims to tame the deficit by trimming ministerial budgets, cutting state aid to companies and reducing local government funding. With the economy back in a shallow recession, jobless claims at an all-time high and his approval ratings around 30 percent, President Francois Hollande has been reluctant to accelerate the cuts. ... Full Story | Top |
| Siemens to cut 1,700 jobs in energy operations: report Saturday, Jun 29, 2013 08:14 AM PDT  FRANKFURT (Reuters) - Siemens is expected to cut around 1,700 jobs in the restructuring of its energy business, a German magazine reported on Saturday, citing an unnamed senior manager. WirtschaftsWoche said the unit's main production facilities in Erlangen and Offenbach and a plant in Muelheim an der Ruhr would be affected by the cost-cutting drive. Around 140 jobs at Muelheim, where Siemens makes steam turbines, will be cut, the magazine said, citing labor representative sources. A spokesman for the Siemens group declined comment to Reuters. ... Full Story | Top |
| German finance minister slams Irish bankers as 'aloof super humans' Saturday, Jun 29, 2013 07:36 AM PDT  BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them "aloof super humans" worthy of contempt. Schaeuble's remarks quoted by an edition of Frankfurter Allgemeine Sonntagszeitung to be published on Sunday echoed comments by Chancellor Angela Merkel on Friday. Transcripts of telephone conversations from 2008 between bankers at Anglo Irish Bank have caused outrage in Ireland and beyond in recent days. ... Full Story | Top |
| Jordan's first quarter economic growth rises to 2.6 percent Saturday, Jun 29, 2013 06:57 AM PDT  AMMAN (Reuters) - Economic growth in Jordan picked up to 2.6 percent year-on-year in the first quarter from 2.2 percent in the fourth quarter, central statistics office data showed on Saturday. The International Monetary Fund (IMF) said earlier this year it expects the economy to expand above 3 percent in 2013, reflecting an increase in government capital spending, a recovery in exports and higher domestic consumption. Other signs of recovery include foreign reserves which have been boosted by at least $1. ... Full Story | Top |
| Hugo Boss eyes Asia for one fifth of group sales: report Saturday, Jun 29, 2013 06:13 AM PDT  FRANKFURT (Reuters) - German fashion house Hugo Boss wants its Asian business to lift its contribution to group sales to 21 percent from 15 percent by 2015, Chief financial Officer Mark Langer told Boersen-Zeitung newspaper. Langer said about two-thirds of the target should come from China, where Hugo Boss is taking over shops from franchise partners and expanding existing stores. He said developments in its own retail shops in Japan are "very positive" despite the negative impact of the Japanese yen while Hugo Boss is taking over shops from franchise partners in Singapore. ... Full Story | Top |
| RCS Mediagroup may be split into three after cash call: report Saturday, Jun 29, 2013 05:40 AM PDT MILAN (Reuters) - RCS Mediagroup , the publisher of influential Italian newspaper Corriere della Sera, could be split into three units after a capital hike that is changing the balance of power among its shareholders, La Repubblica reported on Saturday. The split, aimed at extracting value from the debt-laden company, could open the door to new investors, the Italian daily said in an unsourced report. Fiat said on Friday it will almost double its stake in RCS to 20.1 percent after a 400 million-euro capital increase that ends next week. ... Full Story | Top |
| ThyssenKrupp mulls selling part of European steel business, paper Saturday, Jun 29, 2013 05:28 AM PDT  FRANKFURT (Reuters) - ThyssenKrupp , Germany's biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor, Rheinische Post newspaper said on its website on Saturday, citing unnamed supervisory board sources. A company spokesman declined comment to Reuters and pointed to previous statements by Chief Executive Heinrich Hiesinger that Thyssen had no plans to divest European steel operations. ... Full Story | Top |
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