Articles by Staff Reporter

Staff Reporter


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Europe's big bang for bank rules set to sputter

A hoped-for "big bang" start next year for new rules to make banks safer is set to sputter in Europe, creating more uncertainty in a sector struggling to win back investor confidence lost in the financial crisis.

Seoul court rules Samsung didn't violate Apple design

Samsung Electronics Co's flagship Galaxy smartphone looks very similar to Apple's iPhone, but the South Korean firm has not violated the iPhone design, a Seoul court ruled on Friday.

Tropical Storm Isaac heads for Haiti, Dominican Republic

Tropical Storm Isaac headed towards the Dominican Republic and Haiti on Friday, rumbling slowly west across the Caribbean after unleashing heavy rain on parts of Puerto Rico.

Oscars aim for "SMASH" hit with new producers

Oscar organizers on Thursday named "Chicago" filmmakers Craig Zadan and Neil Meron as producers of the upcoming film awards show in the first major move for the newly installed president of the Academy of Motion Picture Arts and Sciences, Howard Koch.

Valdes error keeps Real in hunt for Super Cup

An error from Barcelona goalkeeper Victor Valdes allowed Real Madrid to grab a late second goal which kept them alive in the Spanish Super Cup, after Barcelona ran out 3-2 winners in Thursday's first leg.

Spaceship builder setting up shop in Florida

CAPE CANAVERAL, Fla., Aug 23 - XCOR Aerospace, one of a handful of U.S. firms developing suborbital spaceships, plans to build its vehicles and fly tourists, researchers and commercial payloads from the Kennedy Space Center in Florida, officials announced on Thursday.

Spaceship builder setting up shop in Florida

CAPE CANAVERAL, Fla., Aug 23 - XCOR Aerospace, one of a handful of U.S. firms developing suborbital spaceships, plans to build its vehicles and fly tourists, researchers and commercial payloads from the Kennedy Space Center in Florida, officials announced on Thursday.

Florida convicts leader of Colombian "narco sub" gang

The No. 2 figure in a Colombian drug gang that specialized in surreptitiously sending cocaine-laden "narco submarines" out of the South American country has been convicted of three drug conspiracy charges in Florida, authorities said on Thursday.

Amazon event on September 6 sparks Kindle speculation

Amazon.com Inc sent out invitations on Thursday to a September 6 press conference near Los Angeles, re-igniting speculation about possible new tablet devices from the world's largest Internet retailer.

Bank of America names four new directors

Bank of America Corp (BAC.N) named four new directors in anticipation of retirements from its board next spring.

Storm Isaac moves near Puerto Rico, with Haiti in its path

Tropical Storm Isaac unleashed heavy rain and winds off Puerto Rico and the Virgin Islands as it moved across the Caribbean on Thursday and could strengthen into a hurricane before tearing across the Dominican Republic and Haiti.

Rodriguez strengthens Vuelta lead with late charge

Spain's Joaquim Rodriguez strengthened his hold on overall race lead in the Vuelta a Espana with a last-minute surge for the line at Fuerte de Rapitan's uphill finish to win Thursday's sixth stage.

Colsaerts makes encouraging start to Ryder Cup bid

Nicolas Colsaerts cleared the first hurdle towards gaining the last automatic spot in Europe's Ryder Cup team by firing a three-under 69 in the Johnnie Walker Championship first round on Thursday.

Storm Isaac weakens off Puerto Rico but still a threat

Tropical Storm Isaac weakened slightly as it dumped heavy rain off Puerto Rico and the Virgin Islands on Thursday but it was expected to strengthen into a hurricane before tearing across the Dominican Republic and Haiti, U.S. forecasters said.

Euro zone headed for recession, China, U.S. struggle

World business surveys on Thursday painted a picture of economic malaise stretching from Beijing to Berlin, adding to concerns that the world economy was slowing down.

Spain in talks with euro zone over sovereign aid -sources

Spain is negotiating with euro zone partners over conditions for aid to bring down its borrowing costs, though the country has not made a final decision to request a bailout, three sources with knowledge of the matter said on Thursday.

Itaú Asset says Brazilians eyeing more foreign assets

A flagging outlook for hard commodity prices and rising state intervention are forcing Brazilian investors to step up the search for financial assets overseas, weighing on the nation's equity market, executives at Itaú Asset Management said in an interview.

Fidel Castro at work on book with Chavez: blogger

Former Cuban leader Fidel Castro, who has been out of the public eye for more than two months, is working on a book with Venezuelan President Hugo Chavez and is not at death's door, a pro-government blogger said on Wednesday.

Who's your daddy? DNA clinic gives answers, sparks concerns

A mobile DNA testing facility that looks more like a motor home than a medical clinic is raising questions about the ramifications of quick and easy tests to determine paternity and other biological connections.

Jolie, Pitt daughter to make film debut as young princess

She is only four-years-old but Vivienne Jolie-Pitt, daughter of actors Angelina Jolie and Brad Pitt, will soon follow in the footsteps of her famous parents, appearing in Disney movie "Malificent," the studio said on Wednesday.

Taylor Swift's "Never Ever" breaks music chart record

Country star Taylor Swift's latest single made a record-breaking entry in Wednesday's Billboard Digital Songs chart, scoring the biggest digital sales week ever for a song by a female artist.

Expedia, Marriott, others face U.S. price-fixing lawsuit

Expedia Inc, Hilton Worldwide Inc and other large hotel retailers and operators were accused in a federal lawsuit in California of conspiring to fix hotel room prices as they battled small online retailers who sold rooms more cheaply.

Paper airline tickets, bound encyclopaedias passé for new US college students

Incoming U.S. college students have never seen a paper airline ticket, like to watch television on almost anything but a television and consider exposed bra straps a fashion statement, not a wardrobe malfunction, according to an annual list released on Tuesday.

Mexico's new rulers win one more Congress seat in final result

Mexico's Institutional Revolutionary Party (PRI) and its Green Party allies will have 241 of 500 seats in the lower house of Congress, one more than originally projected after the July 1 election, final results obtained by Reuters on Wednesday showed.

Brokers say Nasdaq's Facebook compensation plan not enough

Nasdaq OMX Group Inc's $62 million compensation plan for firms harmed by technical problems during Facebook's market debut does not go far enough, broker-dealers said in U.S. Securities and Exchange Commission filings.
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