Articles by Staff Reporter

Staff Reporter


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Tax-soaked French bankers feeling London's lure

The City of London financial district, though diminished by scandals and job cuts, is proving irresistible to fed-up Parisian bankers fleeing France's rising taxes and the feeling that they're not best loved at home.

U.S. swimmer pushes forward on Cuba-Florida swim after storm

American long-distance swimmer Diana Nyad pushed ahead on Monday, overcoming a night of lightning, rain and whipping winds in her latest bid to become the first person to swim from Cuba to Florida without a shark cage.

New NASA lander to help scientists study how Mars formed

NASA's Mars Curiosity rover is going to get some company. NASA's Mars Curiosity rover is going to get some company. The U. S. space agency on Monday selected a small Mars lander for a hotly contested small planetary science mission to launch in 2016.

Sharp to cut 8,000 jobs through plant sales: paper

Embattled TV maker Sharp Corp (6753.T) aims to cut 8,000 jobs or 15 percent of its global workforce, including 3,000 from the sale of two TV factories in China and Mexico to Taiwan's Hon Hai Precision Industry (2317.TW), Japan's Yomiuri newspaper reported on Tuesday.

CME muscles into Europe with new futures exchange

CME Group Inc (CME.O), the biggest U.S.futures market operator, plans to launch a European exchange in a bid to break the duopoly of NYSE Euronext (NYX.N) and Deutsche Boerse AG (DB1Gn.DE) and expand CME's customer base in the process.

Wall Street flat after rally; Apple biggest company ever

Stocks were flat on Monday on signs of fatigue after a six-week run of gains as the European Central Bank quelled speculation about the form of market intervention that may be taken to stem the region's debt crisis.

Facebook director Thiel sold 20 million shares after lockup

Facebook Inc director Peter Thiel sold roughly $400 million worth of shares in the Internet social networking company last week, cashing out most of his stake, according to a regulatory filing.

Assange's embassy life is cramped but connected

Living on takeaway meals in a small room with a treadmill to burn off frustrated energy and a vitamin D lamp to make up for a lack of sunlight, Julian Assange has the one material thing he values most: a computer with an Internet connection.

U.S. court backs investor access to bank documents on Argentine assets

Argentina lost a bid on Monday to prevent bondholders from obtaining documents from two banks about the country's assets outside the United States.

Greek exit manageable but not preferable: ECB's Asmussen

A Greek exit from the euro zone would be manageable, European Central Bank policymaker Joerg Asmussen was quoted on Monday as saying, although he would prefer it if the crisis-stricken country remained within the single currency bloc.

Mine tragedy highlights South Africa investment risks

The bloody confrontation between striking South African miners and police last week has raised hard questions about investing in Africa's top economy and the ruling ANC's ability to deliver on overdue promises of job creation and change.

Mexico shudders at rise of rebellious reggaetoneros

Reggaeton, a Caribbean fusion of hip hop with Latin timbres, is wildly popular across Latin America but is raising eyebrows in conservative Mexico City.

Google list of paid bloggers not sufficient, judge says

Google Inc failed to comply with a court order to disclose the bloggers and other commentators on a patent and copyright case who might have been influenced by payments from the Web company, a judge said on Monday.

Apple becomes most valuable company of all time

Apple Inc became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp more than a decade ago.

Aetna to buy Coventry in Medicare, Medicaid expansion

Health insurer Aetna Inc said on Monday that it would buy rival Coventry Health Care Inc for $5.6 billion to increase its share of the fast-growing, U.S. government-backed Medicare and Medicaid programs.

NASA's science rover Curiosity zaps first Martian rock

The Mars rover Curiosity zapped its first rock on Sunday with a high-powered laser gun designed to analyze Martian mineral content, and scientists declared their target practice a success.

Euro, stocks lower after ECB downplays bond report

Shares and the euro fell on Monday after the European Central Bank poured cold water on a report that its new crisis fighting plan could include buying euro zone countries' bonds if their borrowing costs breached certain levels.

Weak euro zone casts long shadows

Drug dealers, money launderers and assorted cash-only criminals love the convenience of the 500 euro note. Will bankers also soon be clamoring for wads of the high-value bill?

Mexico's Calderon says he was target of assassination threat: report

Mexican President Felipe Calderon was warned during the early years of his administration of a credible threat to assassinate him while he was in the presidential jet, Mexican media reported on Sunday.

'80s action stars back on top in "Expendables 2"

The aging tough guys of "Expendables 2" strong-armed the box office competition with a chart-topping $28.8 million in U.S. and Canadian ticket sales over the weekend, according to studio estimates.

Messi, Villa fire Barca to 5-1 win, Real held

Lionel Messi took up where he left off last season as the Argentine scored twice to help Barcelona and new coach Tito Vilanova to a 5-1 home win over Real Sociedad in their La Liga opener on Sunday.

Giants edge Padres to stay top in tight division

The San Francisco Giants fought back to record an 8-7 road win against the San Diego Padres on Saturday and maintain their slim lead over the Los Angeles Dodgers in a tight National League West.

ECB could assume supervision in bank union - Demetriades

Common supervision of European banks, possibly by the European Central Bank, would help restore confidence and protect the financial system, ECB Governing Council member Panicos Demetriades was quoted on Sunday as saying.

Assange berates United States from Ecuador embassy balcony

WikiLeaks founder Julian Assange berated the United States on Sunday from the balcony of the Ecuadorean embassy where he has sought refuge from arrest, challenging President Barack Obama to end what he called a witch-hunt against his whistle-blowing website.

Ryan puts personal spin on Medicare debate

Republican vice presidential candidate Paul Ryan on Saturday put a personal spin on the debate over Medicare, bringing his 78-year-old mother on stage at a speech to seniors in Florida where he vowed to safeguard the health care program for the elderly.
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