Our 220-year-old stock market is a powerful assemblage of companies, strategies, directors, flacks, hucksters, and heroes joined by a spirit of capitalism that can marry Taco Bell (YUM) with Doritos.But why stop at that if you’re the financial services industry? What’s especially great about the market is how nicely it lends itself to marketing razzle-dazzle: “value-add,” as they call it on the Street....
Nov
27
Mexican beauty queen killed in shootout
Label: WorldCULIACAN, Mexico (AP) — A 20-year-old state beauty queen died in a gun battle between soldiers and the alleged gang of drug traffickers she was traveling with in a scene befitting the hit movie “Miss Bala,” or “Miss Bullet,” about Mexico’s not uncommon ties between narcos and beautiful pageant contestants.The body of Maria Susana Flores Gamez was found Saturday lying near an assault rifle on a rural...
New Zealand becomes Middle Earth as Hobbit mania takes hold
Label: LifestyleWELLINGTON (Reuters) – New Zealand‘s capital city was rushing to complete its transformation into a haven for hairy feet and pointed ears on Tuesday as stars jetted in for the long-awaited world premiere of the first movie of the Hobbit trilogy.Wellington, where director Peter Jackson and much of the post production is based, has renamed itself “the Middle of Middle Earth“, as fans held costume parties...
Outbreak-Tied Peanut Butter Plant Shut
Label: HealthNov 26, 2012 7:37pmThe Food and Drug Administration today shut down the country’s largest organic peanut butter processor following a salmonella outbreak that sickened scores of people nationwide.For the first time the FDA has utilized new power granted by the 2011 food safety law and shut down Sunland Inc.’s New Mexico processing plant.In a statement on their website, the FDA said that the link between...
Work programme ‘to miss targets’
Label: Business27 November 2012 Last updated at 04:11 ETGovernment figures assessing the success of its welfare-to-work programme are expected to show a crucial target has been missed.Firms and charities are paid to help find jobs for the long-term unemployed in the hope of helping 2.4m people.But the first set of official figures, due out at shortly, are expected to show they are getting less than 5% of jobseekers...
Nov
26
UN climate talks open in Qatar
Label: WorldDOHA, Qatar (AP) — U.N. talks on a new climate pact resumed Monday in oil and gas-rich Qatar, where negotiators from nearly 200 countries will discuss fighting global warming and helping poor nations adapt to it.The two-decade-old talks have not fulfilled their main purpose: reducing the greenhouse gas emissions that scientists say are warming the planet.Attempts to create a new climate treaty failed...
Dog bite sidelines ‘Dirty Dozen’ trumpeter Towns
Label: LifestyleNEW ORLEANS (AP) — Dirty Dozen Brass Band trumpeter Efrem Towns is recovering at home in New Orleans from a vicious attack by a Rottweiler at an Atlanta motel.He missed performances in Colorado and New Orleans after the attack on Nov. 18, and doesn’t know if he’ll make the band’s next scheduled gig on Dec. 28, The Times-Picayune (http://bit.ly/XOJoNr) reported.He and baritone sax player Roger Lewis...
GSK to raise India unit stake in $940 million deal
Label: HealthMUMBAI (Reuters) – GlaxoSmithKline Plc plans to buy up to an additional 31.8 percent stake in its Indian consumer products arm for about $ 940 million, as Britain’s biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint.The move is the latest in a series of deals by GSK to increase its presence in fast-growing economies and reduce its reliance on traditional...
UBS fined £29.7m for Adoboli case
Label: Business26 November 2012 Last updated at 06:09 ETThe Financial Services Authority (FSA) has fined UBS £29.7m ($ 47.6m) for failings that led to trader Kweku Adoboli losing £1.4bn.The fine, the third largest imposed by the FSA, was for “system and control failings” that allowed him to trade in London well beyond authorised limits.The trader was last week convicted of two counts of fraud and sentenced to seven...
Nov
25
Egypt’s Mursi faces judicial revolt over decree
Label: WorldCAIRO (Reuters) – Egyptian President Mohamed Mursi faced a rebellion from judges who accused him on Saturday of expanding his powers at their expense, deepening a crisis that has triggered violence in the street and exposed the country’s deep divisions.The Judges’ Club, a body representing judges across Egypt, called for a strike during a meeting interrupted with chants demanding the “downfall of...
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