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| Stomach bug hits new Iowa patients in outbreak linked to salad mix Wednesday, Jul 31, 2013 12:58 PM PDT By Karen Brooks (Reuters) - A severe stomach illness linked to prepackaged salad has struck two new patients in Iowa, state health officials said on Wednesday, as the bug spread through 16 states. The salad mix has been blamed for most of the 145 total cases in Iowa and the 78 in Nebraska of the rare parasite cyclospora, which causes gastrointestinal illness. The two states account for nearly two-thirds of at least 378 cases in the United States since mid-June. ... Full Story | Top |
| Nudged by hospitals, more U.S. moms are breastfeeding: CDC Wednesday, Jul 31, 2013 12:56 PM PDT By Yasmeen Abutaleb WASHINGTON (Reuters) - More mothers in the United States are breastfeeding their babies, a practice that could potentially save billions in health care costs, the Centers for Disease Control said in a study released on Wednesday. More hospitals are enabling and encouraging mothers and babies to stay closer together after birth, the CDC said, which is imperative for the breastfeeding rate to continue rising. Researchers and doctors often tout lower risks for ear and gastrointestinal infections, diabetes, obesity and other chronic diseases among those who were breastfed. ... Full Story | Top |
| New mother Duchess of Cambridge makes best dressed list Wednesday, Jul 31, 2013 12:54 PM PDT  NEW YORK (Reuters) - Britain's Duchess of Cambridge, Kate Middleton, made Vanity Fair's best dressed list for the fourth time since 2008, the magazine said on Wednesday, in an endorsement of her style choices leading up to the birth of her first child last week. This year's list, which does not rank its chosen style setters, includes China's new first lady, Peng Liyuan, American actress Kerry Washington, singers Justin Timberlake and Beyonce, and Rolling Stone Keith Richards. When asked to name his favorite icon, Richards told the magazine, "Why should I ... ... Full Story | Top |
| FCA considers investigation of metals warehousing - sources Wednesday, Jul 31, 2013 12:50 PM PDT  By Susan Thomas and Douwe Miedema LONDON/WASHINGTON (Reuters) - Britain's financial watchdog is considering an investigation of the London Metal Exchange warehouse system after U.S. regulators put banks and big traders on notice of a probe due to complaints of inflated prices, two sources said. The move would mark a change in tack by the Financial Conduct Authority (FCA), which has said it regulates the exchange and the futures derivatives market for commodities but not warehousing or the physical markets. ... Full Story | Top |
| Canada minister defiant in pursuing wireless competition Wednesday, Jul 31, 2013 12:48 PM PDT  OTTAWA (Reuters) - Industry Minister James Moore, under pressure from Canada's big phone companies to curb the ability of Verizon Communications Inc to set up a wireless operation in Canada, pledged on Wednesday to stay the course in pursuing competition in the industry. "Our government's telecommunications policy was not created overnight," the new industry minister said on his website (http://link.reuters.com/waw99t). "We want all regions of Canada to benefit from competitive market forces, which is why more progress must be made. ... Full Story | Top |
| Billionaire investor Soros takes long position in Herbalife Wednesday, Jul 31, 2013 12:47 PM PDT  By Sam Forgione and Katya Wachtel NEW YORK (Reuters) - Billionaire investor George Soros has taken a large long position in the stock of nutritional supplement company Herbalife Ltd, a source familiar with the matter said on Wednesday. The stock of Herbalife rose as high as $66.25 - its highest price since May 2012 - after CNBC first reported the stake shortly after 11 a.m. CNBC also reported that Soros' long position in Herbalife counts as one of his top three holdings. Shares of Herbalife have risen over 8 percent following the first report of Soros' stake. ... Full Story | Top |
| Fed stays on track with bond buying, for now Wednesday, Jul 31, 2013 12:43 PM PDT  By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - The Federal Reserve said on Wednesday the economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting in September. The central bank said after a two-day meeting that it would keep buying $85 billion in mortgage and Treasury securities per month in its effort to strengthen an economy that it said was still challenged by federal budget-tightening. It also pointed to a recent run up in mortgage rates. ... Full Story | Top |
| Ex-NCAA athletes score court victory over EA video games Wednesday, Jul 31, 2013 12:32 PM PDT  By Jonathan Stempel (Reuters) - A divided U.S. federal appeals court rejected Electronic Arts Inc's effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said EA's use of the athletes' likenesses in its NCAA Football and NCAA Basketball games did not deserve protection as free expression under the First Amendment of the U.S. Constitution. ... Full Story | Top |
| Obama to nominate Fed's Raskin as U.S. Treasury deputy Wednesday, Jul 31, 2013 12:30 PM PDT  WASHINGTON (Reuters) - President Barack Obama will nominate Federal Reserve Governor Sarah Bloom Raskin as the U.S. Treasury Department's No. 2 official, two sources familiar with the process said on Wednesday. If confirmed by the Senate, Raskin, 52, would become the highest-ranking woman in the Treasury Department's history. She replaces Neal Wolin, who has been deputy Treasury secretary since 2009 and said he is stepping down in August. The announcement is expected later on Wednesday, according to a source familiar with the process. ... Full Story | Top |
| Ackman's Pershing Square unveils $2.2 billion stake in Air Products Wednesday, Jul 31, 2013 12:24 PM PDT  By Svea Herbst-Bayliss, Swetha Gopinath and Ernest Scheyder BOSTON/NEW YORK (Reuters) - Hedge fund manager William Ackman unveiled his biggest bet ever on Wednesday, a $2.2 billion play on Air Products & Chemicals Inc that the billionaire trader kept secret for two months. The activist investor's Pershing Square Capital Management owns 9.8 percent of the industrial gas maker, making it the company's biggest shareholder. ... Full Story | Top |
| Republican effort to push through deep spending cuts fails Wednesday, Jul 31, 2013 12:24 PM PDT WASHINGTON (Reuters) - The House of Representatives halted consideration of a $44 billion transportation and housing spending bill due to lack of support, signaling that the majority Republicans are unable to push through deep spending cuts to domestic agencies, lawmakers said on Wednesday. House Appropriations Committee Chairman Harold Rogers said the decision points up the need to end automatic spending cuts known as sequestration. "I am extremely disappointed with the decision to pull the bill from the House calendar today," Rogers said in a statement. ... Full Story | Top |
| Wall St. gains after Fed gives no word on tapering Wednesday, Jul 31, 2013 12:21 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks advanced in volatile trading on Wednesday, pushing the S&P 500 to within a few points of 1,700, after the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. In a statement following its two-day meeting, the Fed said the economy continues to recover but still needs support. The three major stock indexes quickly added to gains within a few minutes of the Fed's statement. About 2:19 p.m., though, the Dow briefly turned negative and then rebounded. ... Full Story | Top |
| Contractors, cars and debt collectors top U.S. consumer complaints: survey Wednesday, Jul 31, 2013 12:14 PM PDT By Mitch Lipka (Reuters) - U.S. consumers always complain about pushy car salesmen and debt collectors, but in 2012 they also faced an array of new and sometimes surprising challenges - like getting hit with fees just for questioning their bills, according to a recent survey. ... Full Story | Top |
| South Sudan's Kiir to keep oil minister, change finance portfolio Wednesday, Jul 31, 2013 12:10 PM PDT  By Andrew Green JUBA (Reuters) - South Sudan's oil minister Stephen Dhieu Dau will keep his post in the new government, while new appointments will be made to the key finance and defense portfolios, officials said on Wednesday. Last week, President Salva Kiir sacked the cabinet, Vice President Riek Machar and put his top Sudan negotiator, Pagan Amum, under investigation amid a power struggle. Dau told Reuters he had been appointed again. "We will try to continue with the same programs that we laid in the last two years," he said, without elaborating. ... Full Story | Top |
| U.S. auto sales set to maintain hot pace in July Wednesday, Jul 31, 2013 12:02 PM PDT  By Ben Klayman DETROIT (Reuters) - Long Island car dealer Gary Brown is enjoying the summer heat brought on by consumers' increasing demand for new cars and trucks, and like the rest of the industry, expects sales in July will continue the trend. "We're still on fire," the owner of Brown's Jeep Chrysler in Patchogue, New York, said. "We're going to be up over June and we're going to beat last year by 10, 12 percent or so. There's a lot of demand in the market place." Partly driven by an improving housing market that has boosted demand for full-size pickup trucks, U.S. ... Full Story | Top |
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