MONTREAL – UFC welterweight champion Georges St-Pierre and interim title-holder Carlos (Natural Born Killer) Condit both made weight Friday in advance of UFC 154.
New details emerge about how child welfare failed to protect Phoenix Sinclair
WINNIPEG – Phoenix Sinclair began to fall through the cracks of Manitoba’s child-welfare system mere months after she was born to parents with a history of violence and substance abuse and five years before she was beaten to death.
UPDATE 1-Rugby-Samoa inflict Wales' fifth straight defeat
(Adds details) CARDIFF, Nov 16 (Reuters) – Six Nations grand slam champions Wales suffered a fifth straight loss when they were humbled 26-19 at home by Samoa on Friday, causing consternation in a proud rugby country with world champions New Zealand up next. The Pacific islanders were bright from the off in the November international and Fa’atoina Autagavaia scored a try after just over a minute following a flowing drive marked by missed Wales tackles. …
Banks may shrink for good as layoffs near 160,000
LONDON (Reuters) – Major banks have announced some 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. A Reuters analysis of job cuts announced by 29 major banks showed the layoffs were much bigger in Europe than in Asia or the United States. That is a particular blow to Britain where the finance industry makes up roughly 10 percent of the economy. … High-flying Apple falls to earth as investors fret over taxes
NEW YORK (Reuters) – Gravity has taken hold of Apple, and a lot of investors have been smacked on the head. Apple Inc, the largest U.S. stock by market value, was headed toward its eigh th straight week of declines on Friday, as the rush to secure profits before a potential hike in capital gains taxes next year has investors dumping the market favorite. Since hitting a record high of $705.07 a share in September, Apple has lost about a quarter of its value. The stock's descent has vastly outpaced those of the S&P 500, which is down just under 7 percent in the same time frame. … JPMorgan, Credit Suisse settle with SEC for $417 million
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co and Credit Suisse Group AG will pay a combined $416.9 million to settle U.S. civil charges that the y misled investors in the sale of risky mortgage bonds prior to the 2008 financial crisis, regulators said on Friday. JPMorgan will pay $296.9 million, while Credit Suisse will pay $120 million in a separate case, with the money going to harmed investors, the U.S. Securities and Exchange Commission said. … Italy president indicates March 10 as possible vote day
ROME (Reuters) – Italy’s president indicated on Friday that he was open to holding national elections on March 10 – a month earlier than foreseen – if parliament passes key legislation first. Markets have been awaiting a signal on when the elections might be because of their desire that the next government continue economic reforms to overcome the debt crisis started by Prime Minister Mario Monti’s year-old technocrat administration. …
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