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| Mexican-born chef shapes Nicaraguan cuisine, community Tuesday, Jul 09, 2013 12:36 PM PDT  By Dorene Internicola NEW YORK (Reuters) - Chef Cupertino Ortiz enjoys a challenge. Earlier this year when he took over as executive chef at Mukul, the first luxury beach resort in Nicaragua, he found neither an identifiable cuisine nor a cohesive menu, and the nearest city to buy provisions was two hours away. "You had to be very organized," said Ortiz, who began by forging relationships with nearby farms and fisheries and recruiting local kitchen help. He also started applying Mediterranean techniques to traditional Nicaraguan flavors. ... Full Story | Top |
| Exclusive: Community Health, others interested in Health Management Tuesday, Jul 09, 2013 12:22 PM PDT By Soyoung Kim, Jessica Toonkel and Greg Roumeliotis NEW YORK (Reuters) - Health Management Associates Inc has attracted takeover interest from Community Health Systems Inc and other rivals about buying the $4 billion hospital operator, three people familiar with the matter said on Tuesday. Other hospital chains that have been exploring a potential deal include HCA Holdings Inc and LifePoint Hospitals Inc, some of the people said. They asked not to be named because the matter is not public. ... Full Story | Top |
| U.S. debt collector hit with record penalty for abusive calls Tuesday, Jul 09, 2013 12:19 PM PDT By Diane Bartz WASHINGTON (Reuters) - Expert Global Solutions, the world's largest debt collection agency, has agreed to pay a $3.2 million civil penalty and stop harassing and abusing debtors by engaging in practices such as calling them multiple times a day, the U.S. Federal Trade Commission said on Tuesday. The financial penalty levied on the company is the biggest ever obtained by the FTC against a third-party debt collector, the commission said. On its website, Expert Global Solutions says it is a holding company for a leading accounts receivable management company. ... Full Story | Top |
| Royal Mail staff to get shares worth up to 300 million pounds in IPO - report Tuesday, Jul 09, 2013 12:15 PM PDT  (Reuters) - Royal Mail employees will get shares that could be worth as much as 300 million pounds as part of the British government's plans to list the state postal operator, Sky News reported, in what would be Britain's biggest privatisation in decades. The shares would be handed to employees for free and not at a discount and would equate to 10 percent of Royal Mail's equity, Sky News said. At an overall valuation of between 2.5 billion-3 billion pounds, the stake could be worth as much as 300 million pounds, the broadcaster reported on its website. ... Full Story | Top |
| Spacewalkers leave space station for outside chores Tuesday, Jul 09, 2013 12:11 PM PDT By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - Two astronauts left the International Space Station on Tuesday for a day of maintenance tasks, including installing a power cable needed for a new Russian laboratory due to be installed this year. Veteran NASA astronaut Christopher Cassidy and rookie partner Luca Parmitano, the first Italian to make a spacewalk, left the station's Quest airlock shortly after 8 a.m. EDT as the orbital outpost sailed about 260 miles over the Arabian Sea. ... Full Story | Top |
| Microsoft to unveil big management reorganization Thursday: report Tuesday, Jul 09, 2013 12:08 PM PDT  SAN FRANCISCO (Reuters) - Microsoft Corp will unveil on Thursday its biggest management reorganization in at least five years, to better compete in a world of mobile devices and Web-based services, according to the technology blog AllThingsD. The changes will shift the duties and responsibilities of many top Microsoft executives and are intended to eliminate overlap within the 98,000-employee company, AllThingsD reported on Monday, citing anonymous sources. ... Full Story | Top |
| Adviser departures slow at top brokerages in 2013 Tuesday, Jul 09, 2013 12:06 PM PDT By Ashley Lau NEW YORK (Reuters) - Following a year of heavyweight adviser departures at the biggest U.S. brokerage firms, a smaller number of top teams have bolted in 2013. The decline, with moves by financial advisers down by roughly a third in the first half of this year compared with the same period last year, is good news for the firms, which typically lose large revenue streams because departing advisers take their clients with them. ... Full Story | Top |
| Toronto rainstorm causes power outages, transit chaos Tuesday, Jul 09, 2013 12:05 PM PDT  TORONTO (Reuters) - A heavy rainstorm in Toronto caused power outages and transit chaos across Canada's largest city on Monday, with flooding shutting down parts of its subway and major roads. Toronto Hydro, the main electrical utility, said some 300,000 customers lost power after the sudden storm, which dumped more than 90 millimeters (3.5 inches) of water on parts of the city. The rain also flooded subway stations, closing down large parts of three subway lines, the city's public transit operator said. Many streetcars and buses in the downtown area were forced to stop or divert. ... Full Story | Top |
| Fiat halts new investments pending clarity on labor law Tuesday, Jul 09, 2013 12:00 PM PDT ATESSA/TURIN, Italy (Reuters) - Fiat SpA will put new investments on hold until it gets a clearer idea of the impact of a court ruling that a portion of Italy's labor rules are unconstitutional, its chief executive, Sergio Marchionne, said on Tuesday. Italy's constitutional court ruled last week that a clause in the country's labor law from the 1970s allowing automaker Fiat to bar the Fiom metalworkers' union from representing workers on its factory floor violated the constitution. ... Full Story | Top |
| NSA 'spied' on most Latin American nations: Brazil paper Tuesday, Jul 09, 2013 11:57 AM PDT BRASILIA (Reuters) - The U.S. National Security Agency has targeted most Latin American countries in its spying programs, with Colombia, Venezuela, Brazil and Mexico ranking among those of highest priority for the U.S. intelligence agency, a leading Brazilian newspaper reported on Tuesday. Citing documents leaked by Edward Snowden, the fugitive former American intelligence contractor, O Globo newspaper said the NSA programs went beyond military affairs to what it termed "commercial secrets. ... Full Story | Top |
| Wall Street on track for fourth day of gains, FedEx jumps Tuesday, Jul 09, 2013 11:51 AM PDT  By Leah Schnurr NEW YORK (Reuters) - Stocks rose for the fourth session in a row on Tuesday, as investors bet companies will be able to surpass the low bar that has been set for earnings season, leaving room for better-than-expected results that could fuel the rally further. The push higher in recent days has put the benchmark S&P 500 about 1 percent below its all-time closing high of 1,669.16 reached in late May. ... Full Story | Top |
| Big U.S. banks face tougher lending rules than global rivals Tuesday, Jul 09, 2013 11:47 AM PDT  By Emily Stephenson and Douwe Miedema WASHINGTON (Reuters) - The eight biggest U.S. banks will need to hold twice as much equity capital as required globally under a new plan proposed by regulators on Tuesday intended to protect taxpayers from any future costly bailouts. The rule would impose a so-called leverage ratio, a hard cap on how much banks can borrow to fund their business, requiring them to hold equity capital equal to 6 percent of total assets. ... Full Story | Top |
| Apple, Amazon end 'app store' lawsuit Tuesday, Jul 09, 2013 11:36 AM PDT  By Jonathan Stempel (Reuters) - Apple Inc and Amazon.com Inc have ended their lawsuit over who has the right to use the "app store" name, clearing the way for both companies to use it. U.S. District Judge Phyllis Hamilton in Oakland, California, on Tuesday ordered that the case be dismissed at the companies' request, averting a trial that had been scheduled for August 19. This came after Apple issued to Amazon a covenant not to sue over the online retailer's use of the term, eliminating the need for Amazon to pursue a counterclaim seeking permission. ... Full Story | Top |
| Actress Amanda Bynes' bong-throwing case put off until September Tuesday, Jul 09, 2013 11:29 AM PDT  By Patricia Reaney NEW YORK (Reuters) - American actress Amanda Bynes, wearing a long blue wig and sweat pants, appeared briefly in court on Tuesday on charges of marijuana possession and throwing a bong out a window and a judge postponed her case until September. Bynes, 27, made no comment during the hearing but has previously denied the charges of possession, reckless endangerment and attempted tampering with evidence. All the charges against Bynes, who has made headlines in recent months for erratic behavior, odd posts on Twitter and legal problems, are misdemeanors. ... Full Story | Top |
| Dell shareholder Yacktman backs Icahn buyout proposal Tuesday, Jul 09, 2013 11:26 AM PDT  (Reuters) - Dell Inc shareholder Yacktman Asset Management threw its support behind Carl Icahn and Southeastern Asset Management's buyout proposal for the PC maker. Yacktman, which holds 14.8 million shares of Dell, said it believes Dell founder and Chief Executive Michael Dell's $24.4 billion buyout offer is depressing the stock. "A change in the board of directors could significantly improve this and other issues and lead to enhanced shareholder value," Yacktman said in statement on Tuesday. While Yacktman's support could bolster Icahn's plan, the firm's stake in Dell is only about 0. ... Full Story | Top |
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