Jobless claims fall for second straight week
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped for a second straight week last week, unwinding some of the storm-related surge, which has muddled the labor market picture. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 393,000, the Labor Department said on Thursday. The prior week's figure was revised up to show 6,000 more applications than previously reported. Economists polled by Reuters had forecast claims falling to 390,0000 last week. …
San Jose Earthquakes striker Chris Wondolowski named Major League Soccer's MVP
NEW YORK, N.Y. – San Jose Earthquakes strikers Chris Wondolowski has been named Major League Soccer’s MVP by a landslide.
Rugby-Wales ring changes in pack for Australia test
Nov 29 (Reuters) – Wales have recalled experienced prop Gethin Jenkins in one of four changes to their pack for Saturday’s test against Australia in Cardiff. Jenkins, who has 93 international caps, replaces Paul James, who has been made unavailable by his club Bath, and Scott Andrews comes in for prop Aaron Jarvis who was injured in last week’s 33-10 defeat by New Zealand. Ian Evans was named at lock for Bradley Davies, who has concussion, and flanker Aaron Shingler was preferred to Ryan Jones. …
Corus Entertainment forecasts stronger consolidated profit
(Reuters) – Canadian media company Corus Entertainment Inc expects a stronger consolidated segment profit for the year ending August 2013 as it looks to rein in costs. Corus, controlled by the Shaw family which also runs cable company Shaw Communications Inc, expects consolidated segment profit of C$293 million to C$303 million. Consolidated segment profit for 2012 totaled C$290 million. The company, which focuses on content for children and women, expects free cash flow of more than C$140 million, compared with C$155.1 million in 2012. …
British inquiry calls for law to underpin press watchdog
LONDON (Reuters) – A far-reaching inquiry into British newspapers called for a new independent body to regulate the press, backed by law, to prevent a repeat of the excesses which led to a phone hacking scandal at Rupert Murdoch’s News of the World tabloid. Senior judge Brian Leveson said the recommendations would in no way allow parliament to regulate the newspapers, but his proposals will put Prime Minister David Cameron on a collision course with an already hostile press and senior members of his government if he accepts the findings. …
Aston Martin says in 'advanced' talks over capital injection
LONDON (Reuters) – British sports car maker Aston Martin said it is in "advanced" talks with potential investors over an injection of capital into the business. Indian tractor maker Mahindra and Mahindra last week topped an offer from Italian private equity fund Investin dustrial that had been agreed with Aston's owner, Kuwaiti investment house Investment Dar, sources said. "We are in talks for a capital increase, the company is not for sale and our existing shareholders, Investment Dar, are very much committed to Aston Martin," an Aston Martin spokeswoman told Reuters on Thursday. …
Russian inmate's beating puts spotlight on police brutality
MOSCOW (Reuters) – Three prison guards have been detained for beating up an inmate in a case that highlights Russia’s failure to stamp out brutality by law enforcement officers more than a decade after Vladimir Putin rose to power. Russia’s prison authority took action after video footage appeared on the Internet showing men in uniform hitting and kicking a prisoner who has his hands tied behind his back and his trousers down. Some of the violent footage, in which the inmate’s pleas for mercy are ignored after he falls to the floor, was shown on Russian television on Thursday. …
Mursi to speak as Egypt's Islamists seek way out of crisis
CAIRO (Reuters) – The body writing Egypt's new constitution began a session to vote on a final draft on Thursday, a move President Mohamed Mursi's allie s in the Muslim Brotherhood hope will help end a crisis prompted by a decree expanding his powers. Mursi is expected to call for national unity in a public address at 7.00 p.m. (1700 GMT) to ease the crisis, which has set off a week of protests and threatens to derail early signs of economic recovery from two years of turmoil. In an interview with Time, Mursi said the majority supported his decree. …
Islamist-led assembly votes on Egypt constitution
An Islamist-dominated panel task ed to write a new constitution for Egypt began voting on Thursday on the document's final draft, a move likely to stoke a widening political crisis over decrees giving the nation's Islamist president near absolute powers.
Syrian rebels kill ruling Baath party leader in south by bombing his house
BEIRUT – Syrian rebels bombed the house of a top member of the country’s ruling Baath party in the south on Thursday, killing him and his three body guards, activists said.
Malaysia's Petronas says "no clue" on Canadian investment policy
KUALA LUMPUR (Reuters) – Malaysian state oil company Petroliam Nasional Bhd (Petronas) said it wasn't aware of a new Canadian investment framework when it resubmitted a $5.2 billion bi d for Canada's Progress Energy Resources earlier this month. The Malaysian firm's initial bid for Progress Energy was blocked by Canada's government last month when Industry Minister Christian Paradis said it was unlikely to bring a "net benefit" to Canada. …
Egypt's Islamist-dominated constitutional panel to vote on draft in hurried move
CAIRO – Members of an Islamist-dominated panel tasked to write a new constitution are gathering to vote on the document’s final draft in a move likely to stoke a widening political crisis over decrees giving the president near absolute powers.
Somali Islamist militants slam soldier abuse video
A video that appears to show Kenyan troops beating militant suspects has opened the force to criticism from al-Qaeda-linked militants who are known for carrying out harsh punishments like stonings, amputations and beheadings.
Provincial official says 10 civilians killed by roadside bomb in southern Afghanistan
KABUL – A provincial official says a roadside bomb has killed 10 people and wounded eight in a remote part Afghanistan’s southern Uruzgan province.
Congo rebels pulling back; fate of Goma uncertain
Rebels, who last week seized one of the most important cities in eastern Congo and advanced beyond, said Thursday that they had pulled back several miles (kilometers ) to the town of Sake and were on track to leave the key city by Friday, in accordance with a deadline imposed by the international community.
Yemen offers reward to catch killers of Saudi diplomat
SANAA (Reuters) – Yemen offered a $25,000 reward on Thursday for help in catching the killers of a Saudi Arabian diplomat, a day after he was gunned down in an attack that security authorities blamed on al Qaeda. The killing on Wednesday of Khaled al-Enizi, a military attaché at the Saudi embassy, and his Yemeni bodyguard underscored the challenges facing the U.S.-allied state since an uprising last year that ousted president Ali Abdullah Saleh. A Yemeni security committee offered a reward of 5 million rials ($25,000) for any information leading to the killers, state news agency Saba said. …
Thursday, November 29, 2012
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