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Fast food ambitions in China hurt by safety scares

A woman looks at a menu with words " everyday half-price " in front of a KFC fast food restaurant in Beijing, China Thursday, July 31, 2014. Global fast food chains are rushing to expand in China but even experienced operators face costly pitfalls in a fast-changing food supply industry plagued by repeated safety scandals. (AP Photo/Andy Wong) BEIJING (AP) — Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.


World stocks drift after US Fed stays course

Trader James Dresch, right, works on the floor of the New York Stock Exchange, Monday, June 30, 2014. European stocks were lower Wednesday July 30, 2014 ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets.(AP Photo/Richard Drew) MUMBAI, India (AP) — Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected. Investors are now reckoning with an expiry date for the lavishly easy monetary policy that has underpinned gains in global stock markets for several years.


European court rules Russia must pay Yukos shareholders 1.9 billion euros

File photo of people walking by the Yukos oil company headquarters in Moscow MOSCOW/STRASBOURG (Reuters) - The European Court of Human Rights (ECHR) awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in compensation after the former oil company argued Russia had unlawfully seized it after imposing bogus taxes and via a sham auction. Just days after some of Yukos's former shareholders won $50 billion in The Hague, the Strasbourg-based court said Russia should also pay 300,000 euros in costs and expenses, plus any tax. An interim ruling by the ECHR in 2011 found that Russia had not misused legal proceedings to destroy Yukos but ruled that enforcement proceedings used against Yukos had been disproportionate.


European shares sink again, dollar holds strong

Pedestrians are reflected on an electronic board showing the exchange rates between the Japanese yen against the U.S. dollar, the euro and Australian dollar, outside a brokerage in Tokyo By Patrick Graham LONDON (Reuters) - Doubts about the health of Europe's economy dominated trade on its major stock markets on Thursday after a cautious message from the U.S. Federal Reserve did little to stem the dollar's charge to 10-month highs. A steady rise for the U.S. currency is the central story for global financial markets so far this month and a jump in U.S. economic growth reported on Wednesday extended the dollar's gains against the euro to 6 cents since early May. U.S. growth of 4 percent in annualised terms in the second quarter came at a time when poor company results and concerns over a still escalating situation in Ukraine have added to worries that Europe will take far longer to recover. Euro zone inflation numbers on Thursday are expected to add to those doubts, and the pan-European FTSEurofirst 300 index was 0.2 percent lower in a choppy opening. "Despite some decent earnings from a number of blue-chips, the market is stuck in a range, with a number of negative catalysts including Argentina's default at the forefront of investors' minds," said Lionel Jardin, head of institutional sales at Assya Capital, in Paris.


Continental raises profit guidance as car demand recovers

File photo of new car tyres are seen inside the Clairoix Continental tyre factory German car parts and tyre maker Continental raised its full-year profit forecast for the second time in five months after second-quarter underlying earnings rose on improving auto demand and a strong performance by its rubber division. Continental is now targeting a margin on adjusted earnings before interest and tax (EBIT) of about 11 percent, after raising the guidance to at least 10.5 percent in March from a previous 10 percent, the Hanover-based company said on Thursday. "Conti is typically regarded as being conservative in its guidance," analysts at Citigroup said in a note, adding that the market expected a full-year operating margin of 11.5 percent. Citigroup has a "buy" rating on Continental shares.


World Cup adds froth to German beer sales

BERLIN (AP) — German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title.

Adidas issues profit warning on Russia, golf risks

BERLIN (AP) — Sports equipment maker Adidas has lowered its full-year profit target, citing risks in the Russian market and weakness at its golf business.

Sony surprises with first quarter profit

Visitors walk past a logo of Sony at Sony Building in Tokyo Thursday, July 31, 2014. Sony reported a surprise eightfold jump in quarterly profit as sales got a perk from a cheap yen and its bottom line was helped by gains from buildings and its stake in a video-game maker. (AP Photo/Eugene Hoshiko) TOKYO (AP) — Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.


Siemens earnings up 27 pct in April-June quarter

BERLIN (AP) — Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.

Target to hire Pepsi executive Brian Cornell as CEO: WSJ

To match Interview WALMART/SAMSCLUB (Reuters) - Target Corp is hiring PepsiCo Inc executive Brian Cornell as its new chief executive, the Wall Street Journal reported. Target has been looking for a new chief executive after removing Gregg Steinhafel as chairman and CEO in May in the wake of a devastating data breach, which hurt the No.3 U.S. retailer's profit, shook customer confidence in the company and prompted congressional hearings. Steinhafel had been Target's CEO since 2008 and his departure also followed the company's botched multi-billion dollar expansion into Canada. The Minneapolis-based company had named its Chief Financial Officer John Mulligan as interim chief executive.


Shell profit up on higher oil prices

AMSTERDAM (AP) — Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.

Wood Elected Vice President, Industrial Europe and Sonoco Officer

HARTSVILLE, S.C. -- Sonoco , one of the largest diversified global packaging companies, announced today Adam Wood has been elected vice president of Industrial Europe and a Corporate Officer by the Company's ...

Argentina braces for market reaction to second default in 12 years

A woman walks past a graffiti in Buenos Aires By Sarah Marsh BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after hopes for a midnight deal with holdout creditors were dashed, setting up stock and bond prices for declines on Thursday and raising chances a recession could worsen this year. After a long legal battle with hedge funds that rejected Argentina's debt restructuring following its 2002 default, Latin America's third-biggest economy failed to strike a deal in time to meet a midnight deadline for a coupon payment on exchange bonds. "It is going to complicate life for businesses like YPF which were going to look externally for financing," said Camilo Tiscornia, a former governor of Argentina's central bank. State-controlled energy company YPF needs funds to develop Argentina's huge Vaca Muerta shale formation.


Some WTO members discussing customs deal without India: sources

A group of World Trade Organization (WTO) members has informally discussed adopting a global overhaul of customs rules without India if New Delhi goes ahead with threats to block the deal, sources familiar with the talks said on Thursday. India has demanded the deal, which must be approved in Geneva on Thursday, be accompanied by a parallel agreement giving it more freedom to subsidise and stockpile food grains than currently allowed under WTO rules. The ultimatum revived doubts about the future of the WTO as a negotiating body and many diplomats said New Delhi's stance could derail the whole process of world trade liberalisation, leading to some nations discussing the last-resort idea of excluding India from the deal. "If India does end up blocking (on Thursday) there is already a group of members who are interested in pursuing that path," a source involved in the discussions said.

Samsung Electronics downbeat on third quarter prospects as profits slide

Customers attend a workshop about the Samsung Galaxy S5 in Jakarta By Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth. The downbeat guidance, as well as Samsung's decision to keep its interim dividend unchanged from last year, put the shares of South Korea's biggest company by market value on track for their worst daily percentage decline in nearly eight months. Samsung expects July-September handset shipments to pick up by 10 percent from the previous quarter and said it planned to release a new premium smartphone employing a new design and material, underscoring efforts by the world's largest smartphone maker to regroup. With its flagship Galaxy S5 smartphone outsold by Apple Inc's iPhone 5S in May and its cheaper devices feeling the squeeze from Chinese rivals like Xiaomi, Samsung also vowed to revamp its mid-to-low-tier product lineup with more aggressive pricing and a focus on a smaller set of products.


China should set less ambitious 2015 growth target, refrain from stimulus: IMF

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday. Most of its directors hold that view, though some feel that an even-lower growth target is appropriate, the IMF said in the conclusion of its annual Article IV economic consultation with China. "Regarding the growth target for 2015, while most directors concurred that a range of 6.5-7 percent would be consistent with the goal of transitioning to a safer and more sustainable growth path, a few other directors considered a lower target more appropriate," the IMF said. The IMF repeated its projection that the economic growth would dip to 7.4 percent this year, and decelerate further to 7.1 percent next year.


Asian markets drift after US Fed stays course

Trader James Dresch, right, works on the floor of the New York Stock Exchange, Monday, June 30, 2014. European stocks were lower Wednesday July 30, 2014 ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets.(AP Photo/Richard Drew) MUMBAI, India (AP) — Asian stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected.


Journal Communications, Scripps Co. announce deal

MILWAUKEE (AP) — Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public entity, the companies announced late Wednesday.

Reinventing Your Business: The Top 10 List

Reinventing Your Business: The Top 10 List Everyone gets into a professional or business slump. The best of the best in their field have had the proverbial bump in the road. When it happened to me, it came in the form an emotional, physical and professional Tsunami. Sadly, with every forward step I made (and believe you me, these were baby steps), I slipped a half to two steps back. ...


Fed nods to firmer prices yet still focused on labor weakness

U.S. Federal Reserve Chair Yellen testifies before the Senate Banking Committee on Capitol Hill in Washington By Michael Flaherty and Jason Lange WASHINGTON (Reuters) - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment rate, but expressed concern about remaining slack in the labor market. "Labor market conditions improved, with the unemployment rate declining further," the Fed said in a statement. "However, a range of labor market indicators suggests that there remains significant underutilization of labor resources." The reference confirmed that the central bank believes there is still a ways to go before benchmark borrowing costs need to move higher despite an improving outlook for jobs and prices.


'The greatest factory on earth'

Museum tells Gretna's munitions story

Lead in teeth holds secrets of person's origins, research shows

By Barbara Liston ORLANDO Fla. (Reuters) - The lead in human teeth holds clues about where a person grew up and can help criminal investigators and archaeologists working with old or decomposed corpses, according to a University of Florida researcher. Because lead ore deposits around the world differ, and as young people's teeth absorb traces of the metal in the environment, the region where a person grew up can be distinguished through lead analysis of a tooth, said geologist George Kamenov. "If you were born in Europe and then came to the U.S., yes, I will be able to see that," Kamenov said. In addition to aiding authorities in identifying bodies, the analysis can help archaeologists locate human remains on an historical timeline, he said.

Otzi 'The Iceman' Had Heart Disease Genes

Otzi 'The Iceman' Had Heart Disease Genes Ötzi the Iceman, a well-preserved mummy discovered in the Alps, may have had a genetic predisposition to heart disease, new research suggests. The new finding may explain why the man — who lived 5,300 years ago, stayed active and certainly didn't smoke or wolf down processed food in front of the TV — nevertheless had hardened arteries when he was felled by an arrow and bled to death on an alpine glacier. "We were very surprised that he had a very strong disposition for cardiovascular disease," said study co-author Albert Zink, a paleopathologist at the Institute for Mummies and the Iceman at the European Academy of Bozen/Bolzano in Italy. Past research has revealed that Ötzi likely suffered from joint pain, Lyme disease and tooth decay, and computed tomography (CT) scanning revealed calcium buildups, a sign of atherosclerosis, in his arteries.


Octopus mom protects her eggs for an astonishing 4-1/2 years

Handout of a deep-sea octopus is shown on the ledge near the bottom of Monterey Canyon By Will Dunham WASHINGTON (Reuters) - If someone were to create an award for "mother of the year" in the animal kingdom, a remarkably dedicated eight-limbed mom from the dark and frigid depths of the Pacific Ocean might be a strong contender. Scientists on Wednesday described how the female of an octopus species that dwells almost a mile below the sea surface spends about 4-1/2 years brooding her eggs, protecting them vigilantly until they hatch while forgoing any food for herself. It is the longest known egg-brooding period for any animal, they wrote in the scientific journal PLOS ONE. ...


How Getting Hit With a Ton of Brick Helped Me Find My Passion

How Getting Hit With a Ton of Brick Helped Me Find My Passion Funny thing about the mind is that thoughts are constantly and randomly generated. Dr. Bruce Davis says we have 50,000-70,000 thoughts per day which equates between 35-48 thoughts per minute per person. We are probably having thoughts now about how many thoughts we have a day which well, you see where this is going. Most of our thoughts are...


Mind Your Manners Tips for Effective Cross-Cultural Communications

Mind Your Manners Tips for Effective Cross-Cultural Communications Communicating across cultures in the business world can often be confusing and uncertain, but it doesn't need to be. With a little bit of homework and open-mindedness you can avoid some of the barriers, pitfalls and potential faux pas when communicating cross culturally. As the founder of Get Konnected -- a cross-cultural business networking...


5 True Story Tips for Starting Your Own Small Business

5 True Story Tips for Starting Your Own Small Business (even, no, ESPECIALLY, when you have NO idea what you're doing)."I'm always doing that, which I cannot do, in order that I may learn how to do it." -- PicassoJuly is almost over, the end of the summer is in sight, which means that fall is, ugh, right around the corner. Fall, for both kids and adults, is that time of year when we're seemingly...


Your ?Craft? Whiskey Is Probably From a Factory Distillery in Indiana

Read the promotional materials for the Rancho de Los Luceros Destilaría and you form an image of a supremely artisanal effort. The distillery creates “small batch heirloom spirits handcrafted in New Mexico.”

Blood Test Predicts Suicide Risk, Study Suggests

A new gene linked to suicide risk has been discovered, and researchers say the finding could lead to a blood test that predicts a person's risk of attempting suicide. The scientists found that a genetic mutation, in a gene called SKA2, was more common among the people who died by suicide. "We have found a gene that we think could be really important for consistently identifying a range of behaviors" having to do with suicide, said study researcher Zachary Kaminsky, an assistant professor of psychiatry and behavioral sciences at the Johns Hopkins University School of Medicine. Next, the researchers examined whether these genetic changes could predict a person's risk of having suicidal thoughts or attempting suicide.

Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

A Bank of America Merrill Lynch sign is seen on a building that houses its offices in Singapore By Jonathan Stempel NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp. U.S. District Judge Jed Rakoff in Manhattan ruled after a jury last October found the second-largest U.S. bank liable for the sale by Countrywide of defective loans to government-controlled mortgage companies Fannie Mae and Freddie Mac Rakoff also ordered former mid-level Countrywide executive Rebecca Mairone, who was also found liable and was the only individual charged, to pay $1 million, citing her "leading role" in the fraud and calling some of her testimony "implausible." While the bank's penalty was below the $2.1 billion sought by the U.S. Department of Justice, it marks another legal defeat for Bank of America over its disastrous July 2008 purchase of Countrywide, which has cost tens of billions of dollars in litigation, loan buybacks and writedowns. Bank of America has also held talks on another, potentially multi-billion-dollar settlement to resolve separate government probes into mortgage securities, including from Countrywide and its Merrill Lynch unit.


A more vigorous US economy appears to be emerging

In this July 17, 2014 photo, construction workers build a commercial complex in Springfield, Ill. The government issues its first of three estimates of how fast the U.S. economy grew in the April-June quarter on Wednesday, July 30, 2014. (AP Photo/Seth Perlman) WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.


Deep-Sea 'Octomom' Guards Eggs for Record 4.5 Years

Deep-Sea 'Octomom' Guards Eggs for Record 4.5 Years A real-life "Octomom" off the coast of California has been declared a champion of parenting — and patience — in the animal world. After the deep-sea creature laid a clutch of eggs, she protected her babies until they hatched 4.5 years later, without even leaving to eat.


Airbus, Safran name Alain Charmeau to run space joint venture

A view of the Safran Composites, their new research center dedicated to next-generation aerospace materials in Itteville near Paris Airbus Group and Safran on Wednesday named Alain Charmeau as the head of a new venture designed to reorganize Europe's space launch activities. The two companies said in June they had agreed to create a 50-50 joint venture in space launchers, combining Airbus's launch systems with Safran's propulsion systems. The venture is expected eventually to incorporate the marketing teams for Europe's Ariane space rocket, currently in the European consortium Arianespace, and some design teams from French and German space agencies. It is the first concrete step toward consolidation after Airbus Group Chief Executive Tom Enders called for a shake-up to preserve Europe's commercial access to space in the face of new competition.


Taking Sid Meier's 'Civilization' Beyond Earth (Op-Ed)

Taking Sid Meier's 'Civilization' Beyond Earth (Op-Ed) Will Miller and David McDonough are the lead designers for "Sid Meier's Civilization: Beyond Earth." They contributed this article to Space.com's Expert Voices: Op-Ed & Insights. When we were asked to design a new science-fiction entry in the "Sid Meier’s Civilization" series, it was one of those amazing moments when we realized we were going to have the chance to combine a love of game design with a love of science and space exploration. For us, "Civilization: Beyond Earth" has been an opportunity to explore ideas about the future — technology, progress and culture — and think about how settling on a new planet could be the next stage for humanity's progress. In "Sid Meier's Civilization" (Civ), players choose one of the world's great civilizations and then lead their people from the Stone Age to the Space Age, researching technology and building wonders and declaring war, creating an alternate history of Earth along the way.


Scientists Closing in on Theory of Consciousness

The 17th century French philosopher René Descartes proposed the notion of "cogito ergo sum" ("I think, therefore I am"), the idea that the mere act of thinking about one's existence proves there is someone there to do the thinking. "The only thing you know is, 'I am conscious.' Any theory has to start with that," said Christof Koch, a neuroscientist and the chief scientific officer at the Allen Institute for Neuroscience in Seattle. In the last few decades, neuroscientists have begun to attack the problem of understanding consciousness from an evidence-based perspective. In fact, Koch and Francis Crick, the molecular biologist who famously helped discover the double-helix structure of DNA, had previously hypothesized that this region might integrate information across different parts of the brain, like the conductor of a symphony.

Cheesecake Factory French toast tops list of unhealthiest meals

What happens when you marry French toast with crème brulee and a side of bacon or ham?

How the Moon Got Its Lemon Shape

How the Moon Got Its Lemon Shape "What is the origin of that asymmetry?" study lead author Ian Garrick-Bethell, of the University of California, Santa Cruz, said. The newborn moon was thus primed to be sculpted by Earth's gravity, and that's exactly what happened, researchers say. Indeed, scientists have posited for more than a century that tidal forces helped shape the molten moon, causing bulges that froze into place when Earth's natural satellite cooled down and solidified. For example, tidal forces pulled on the lunar crust, stretching it out and heating it up in places.


Rule-of-Law and Property-Rights Crisis in Houston?

Rule-of-Law and Property-Rights Crisis in Houston? Houston has developed a reputation as the entrepreneurial capital of Texas, if not the United States. It is the fourth-largest city in the nation and is poised to supplant Chicago as number three by next year. It is a magnet for enterprises ranging from startups to Fortune 500 companies. It is, in fact, second only to New York when it comes to...


Cheesecake Factory scores a hat trick in 2014 Xtreme Eating Awards

The Cheesecake Factory won three awards in the 2014 edition of the Xtreme Eating Awards, an annual ranking that discerns the richest menu items in popular US restaurant chains, revealing calorie, fat and sodium content. The chain's 2,780-calorie custard-soaked, butter syrup-laden Bruléed French Toast topped the chain's hat-trick list with its 93 grams of saturated fat, 2,230 milligrams of sodium ...

Strategic Higher Education CIOs Invest In Technology To Improve Student Success

Strategic Higher Education CIOs Invest In Technology To Improve Student Success Today's college students are mobile. Whether in class, relaxing in their living group, exercising in the gym, studying in the library, shopping in town, traveling to sporting events, or even sleeping in their dorms, they are always connected. This represents both an opportunity and a challenge. The challenge is to provide an always-on...


Research and Markets: Global and Chinese Polyether Imide Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Polyether Imide Industry Report 2014" repo

Research and Markets: Global and Chinese Architectural Membrane Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Architectural Membrane Industry Report 201

Research and Markets: Global and Chinese Thermoplastic Polyurethane Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Thermoplastic Polyurethane Industry Report

Research and Markets: Global and Chinese Spray Machine Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Spray Machine Industry Report 2014" report

Research and Markets: Global and Chinese Antifreeze Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Antifreeze Industry Report 2014" report to

Research and Markets: Global and Chinese Chitosan Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Chitosan Industry Report 2014" report to t

Research and Markets: Global and Chinese Aseptic Packaging Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Aseptic Packaging Industry Report 2014" re

Research and Markets: Global and Chinese Mascara Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Mascara Industry Report 2014" report to th

Freescale Announces New Industrial Accelerometer as Company Ships Its Two-Billionth Sensor

Freescale Semiconductor today celebrated the recent shipment of its two-billionth sensor by launching a new, high-bandwidth 3-axis analog accelerometer engineered to detect ultra-high frequency motion and vibration in industrial motors and equipment.

Research and Markets: Global and Chinese Acetylene Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Acetylene Industry Report 2014" report to
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