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Steady PMIs, sluggish China puts brakes on European shares

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in Tokyo By Marc Jones LONDON (Reuters) - European shares edged down on Wednesday after three days of gains as data showing China's economy was still stuttering offset some broadly reassuring European purchasing manager index (PMI) numbers. Data compiler Markit's monthly PMI figures, seen as good indicators of future growth, showed that while France's economy was still a drag, Germany was continuing to power the euro zone's recovery. AUSSIE SLIDES In Asia, China's stock markets had fallen again and the yuan tumbled to 16-month low after a survey showed manufacturing activity in the world's second-biggest economy was still slowing in April.


Germany's private sector expands faster in April: PMI

The curve of the German share price index DAX board at the Frankfurt stock exchange Germany's private sector expanded faster in April, recovering from a slight slowdown in growth in March, as both manufacturing and services industry activity rose more than expected, surveys showed on Wednesday. Markit's preliminary composite Purchasing Managers' Index (PMI), which tracks activity in the manufacturing and services sectors and covers more than two-thirds of the euro zone's largest economy, rose to 56.3 in April from March's final 54.3. "This is a nice bounce back with good broadbased growth in the services and manufacturing sector... It is looking like it will be a good year for Germany," Markit economist Chris Williamson said. Germany's economy expanded just 0.4 percent in 2013, but growth is seen picking up this year, driven by domestic demand.


Shares mixed on lackluster China data

TOKYO (AP) — Shares were mixed Wednesday, as weak data from China sapped the upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector.

Euro zone private sector on strong footing but still slashing prices: PMIs

A cashier holds euro banknotes in Riga We are looking at 0.5 percent quarter-on-quarter GDP growth if we continue to see this level," said Chris Williamson, chief economist at Markit. Inflation fell to just 0.5 percent in March, its sixth straight month in what European Central Bank President Mario Draghi has called a "danger zone" below 1 percent and keeping pressure on the ECB to intervene. However, Markit's flash Composite Purchasing Managers' Index, which is widely regarded as a good gauge of growth, suggested the economic support, at least, may not be necessary.


Galaxy S5 Explained: the Display

Galaxy S5 Explained: the Display Galaxy S5 has finally hit the market. There’s a lot to talk about with the new Samsung Galaxy S5, but the first thing people seem to notice is the ‘display.’ Actually, the display of the …


Ericsson in $260 million first-quarter profit

STOCKHOLM (AP) — Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period a year earlier.

Toyota sells 2.58 million vehicles, outselling GM

TOKYO (AP) — Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.

Amnesty: Qatar fails to protect domestic workers

DUBAI, United Arab Emirates (AP) — An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it gears up to host the 2022 World Cup.

China Resources (Holdings) appoints new chairman, replacing Song

China Merchants Group Chairman Fu Yuning attends the Asian Financial Forum (AFF) in Hong Kong HONG KONG (Reuters) - China Resources (Holdings) Co Ltd has appointed a new chairman with immediate effect, replacing Song Lin who is being investigated by Chinese authorities, the firm said in a statement on Wednesday. Fu Yuning, a former executive chairman of China Merchants Group, would take over from Song, China Resources said in a statement on its website. China Merchants Group is the parent of Chinese ports operator China Merchants Holdings International Co Ltd . ...


China factory activity shrinks for fourth month

A worker assembles a generator at a factory in Hefei By Kevin Yao BEIJING (Reuters) - China's factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. "It's generally in line (with expectations), reflecting that growth momentum is stabilizing," said Zhou Hao, China economist at ANZ in Shanghai. Hao expected economic growth to pick up slightly to 7.5 percent in the second quarter. MODEST STIMULUS MEASURES China's central bank will cut the amount of deposits rural banks must hold as reserves by between 0.5 and 2 percentage points, it said on Tuesday, the latest in a series of measures to help combat the slowing economy.


China factory activity shrinks for fourth month

By Kevin Yao BEIJING (Reuters) - China's factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. "It's generally in line (with expectations), reflecting that growth momentum is stabilizing," said Zhou Hao, China ...

California GOP hopeful wants free college for science, math students

California Republican gubernatorial candidate Kashkari poses after touring the Robinson Helicopter Co. in Torrance By Jennifer Chaussee BERKELEY, California (Reuters) - California Republican gubernatorial hopeful Neel Kashkari called for free college tuition for students pursuing math and science degrees, part of an education reform plan released Tuesday that would also model public schools after charter schools. Kashkari's proposal would waive tuition for students pursuing a four-year degree in any science, technology, electronics, or math subject in exchange for a percentage of their future earnings after graduation. It came as Kashkari, trailing a distant third in recent polls behind incumbent Jerry Brown and Republican Tea Party favorite Tim Donnelly, is struggling to add momentum to his campaign before the June primary.


China factory activity shrinks for 4th month, but pace of decline slows

China's factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. "It's generally in line (with expectations), reflecting that growth momentum is stabilising," said Zhou Hao, China economist at ANZ in Shanghai. Hao ...

China factory activity shrinks for fourth month, but pace of decline slows

China's factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. "It's generally in line (with expectations), reflecting that the growth momentum is stabilising," said Zhou Hao, China economist at ANZ in Shanghai ...

Survey: China manufacturing shrinks for 4th month

HONG KONG (AP) — Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, a survey on Wednesday said, in a possible sign the slowdown in the world's No. 2 economy is stabilizing.

#Property Market Report 2013* Industrial portion least active among markets

KUALA LUMPUR: The industrial sub-sector was the least active among the property markets last year, with a substantial fall in...

Valeant, Ackman offer to buy Botox maker Allergan for $47 billion

A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world's five biggest drug companies. The offer, if successful, would bring together two mid-sized pharmaceutical companies with expertise in skin care and eye care products, and is highly unusual as activist investors typically buy stakes and then agitate for strategic change. Ackman's Pershing Square Capital Management, Allergan's largest shareholder with a 9.7 percent stake, disclosed in a filing on Monday it is supporting the bid. Allergan said in a statement that it has received the offer, and will carefully consider the proposal and "pursue the course of action that it believes is in the best interests of the company's stockholders." Late on Tuesday, Allergan said it adopted a shareholder rights plan effective April 22 that will trigger if a person or group acquires 10 percent or more of its shares.


GM seeks U.S. court protection against ignition lawsuits

An engineer shows the ignition assembly which has a faulty 2005 ignition switch in a file photo. Plaintiffs suing the company also filed a proposed class action lawsuit in Manhattan bankruptcy court on Monday, seeking an order declaring that GM cannot use the bankruptcy protection to absolve itself from liabilities. The faulty ignition switch has been linked to at least 13 deaths and the recall of 2.6 million GM vehicles. GM emerged from bankruptcy protection in 2009 as a different legal entity from the so-called old GM. Under those terms, the "new GM" shed liability for incidents predating its exit from bankruptcy, and any lawsuit involving pre-bankruptcy issues must be brought against what remains of old GM.


The Toy Thing: It Was Never About Pink or Blue (Op-Ed)

The Toy Thing: It Was Never About Pink or Blue (Op-Ed) As a science communicator, educator and researcher, I have been following the toy and children's media discussions for a while now, by attending events, reading articles and news stories, and thinking back to my own childhood.


Science Suggests 'The Dog' Doesn't Exist (Op-Ed)

Marc Bekoff, emeritus professor at the University of Colorado, Boulder, is one of the world's pioneering cognitive ethologists, a Guggenheim Fellow, and co-founder with Jane Goodall of Ethologists for the Ethical Treatment of Animals. This Op-Ed is adapted from one that appeared in Bekoff's column Animal Emotions in Psychology Today.

Wal-Mart to report how compliance targets impacted executive pay: WSJ

A man stands on a skateboard outside a Wal-Mart store in Williston (Reuters) - Wal-Mart Stores Inc is set to report as soon as Wednesday on how its executives performed on their goals to overhaul compliance operations and how that affected their pay, the Wall Street Journal reported. The company's board will issue a securities filing in the coming days that will detail how well executives performed on its compliance goals, such as enhancing its global anti-corruption program, the report cited the retailer's chief compliance officer, Jay Jorgensen, as saying. A representative for Wal-Mart could not be immediately reached for comment outside of regular U.S. business hours. An assessment of compliance objectives will now be part of the company's regular corporate governance, the Journal quoted Jorgensen as saying at the Dow Jones Global Compliance Symposium in Washington on Tuesday.


Is Global Warming a Giant Natural Fluctuation? (Op-Ed)

Is Global Warming a Giant Natural Fluctuation? (Op-Ed) Shaun Lovejoy is a professor of physics at McGill University and president of the Nonlinear Processes Division of the European Geosciences Union. Last year, the Quebec Skeptics Society threw down the gauntlet: "If anthropogenic global warming is as strong as scientists claim, then why do they need supercomputers to demonstrate it?" My immediate response was, "They don't." Indeed, in 1896 — before the warming was perceptible — the Swedish scientist Svante Arrhenius, toiling for a year, predicted that doubling carbon dioxide (CO2) levels would increase global temperatures by 5 to 6 degrees Celsius, which turns out to be close to modern estimates. Yet the skeptics' question resonated: Global Circulation Models (GCM's) dominate climate research to such an extent that (even scientists!) can be forgiven for thinking these computer-driven models are essential. So I took up the challenge, and my answer appears in the research described in a paper recently published in the journal Climate Dynamics.


No solution in sight for China shoe factory strike

BEIJING (AP) — Workers on strike at a Chinese factory owned by the world's largest maker of athletic shoes have rejected management's latest offer in an ongoing labor dispute that is crimping production for brands such as Nike and Adidas.

The Future of the Future: Where Are the Breakthrough Innovations?

The Future of the Future: Where Are the Breakthrough Innovations? With toddlers getting iPads as their first toys, the joy of improvising, making stuff up and imagining things that never were, might become a thing of the past. With too few truly imaginative leaps, much innovative energy gets dissipated in incremental ideas.


Comcast nears deal with Charter on $18-$20 billion in divestitures: source

A Comcast sign is shown on the side of a vehicle in San Francisco (Reuters) - Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday. Comcast is studying what could be a two-phase process, where Charter would first acquire up to 1.5 million subscribers directly from Comcast, the source said on condition of anonymity because discussions were continuing and a final agreement had not been struck. Comcast would then spin off the rest of the 2.5 million subscribers into a separate, publicly traded company, which Charter would take a minority stake in, the source added.


AT&T ups revenue growth forecast on new pricing model

The AT&T logo is pictured by its store in Carlsbad, California By Marina Lopes NEW YORK (Reuters) - AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans. Like other carriers, AT&T is seeking growth in a nearly saturated environment, making strategies such as alternate pricing plans more crucial to attract customers. The company raised its forecast for full-year revenue growth to at least 4 percent from 3 percent. A higher-than-expected 35 percent of wireless customers transferred to NEXT, its new pricing plan, boosting quarterly revenue 3.6 percent from the year-earlier quarter.


Investor pressure pushing drugmaker M&A deals

FILE - The Oct. 19, 2012 file photo shows a Novartis employee in a laboratory of Novartis in Prangins near Nyon, Switzerland. Swiss pharmaceutical giant Novartis AG announced a series of multibillion-dollar deals Tuesday, April 22, 2014 with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally. (AP Photo/Keystone, Yannick Bailly) Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking to shake up its roster. The moves could spur more mergers and acquisitions in the industry.


Three Ways to Fill High-Skilled Jobs

Three Ways to Fill High-Skilled Jobs The high-wage jobs found in industries like aerospace, defense and bioscience require high-skilled employees, and there are simply not enough qualified people who can apply for and fill the positions.


Internet TV case: Justices skeptical, concerned

A videojournalist sets up outside of the Supreme Court in Washington, Tuesday, April 22, 2104. The court is hearing oral arguments between Aereo, Inc., an Internet startup company that gives subscribers access to television on their laptops and other portable devices and the over-the-air broadcasters. (AP Photo/J. David Ake) WASHINGTON (AP) — Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.


Laptop Bill Clinton Used to Email Outer Space Sold for $60K

Laptop Bill Clinton Used to Email Outer Space Sold for $60K Long before the first Instagram was sent from space, the first ever check-in from orbit, or even the first astronaut's tweet, John Glenn sent an email. By 1998, during the original Mercury astronaut's celebrated space shuttle flight, email was fairly common. Glenn sent the message to then-President Bill Clinton and the reply that it prompted was the very first email transmitted by a sitting U.S. president — it just so happened to be to outer space. But the computer that President Clinton used to send and receive the emails was saved by its owner and on April 16 sold at auction for $60,667.


Earth Day from Space: Satellite Snaps Far-Out Photo (Image)

Earth Day from Space: Satellite Snaps Far-Out Photo (Image) A U.S. satellite has captured the ultimate Earth Day view from space, showing the entire planet in a stunning group shot of humanity.


Nurturing the Startup Juggernaut

Nurturing the Startup Juggernaut Startups are the juggernauts that discover new markets, which drive growth and wealth creation in our economy. It's in our interest to nurture the ecosystem that allows startups to thrive.


It Takes a Village: The Role of Family and Friends in Running a Small Business

It Takes a Village: The Role of Family and Friends in Running a Small Business Whether your mentor is a parent, grandparent, or a friend from college, each can help you achieve greatness and push beyond your limits.


Risk of asteroid hitting Earth higher than thought, study shows

A local resident shows a fragment thought to be part of a meteorite collected in a snow covered field in the Yetkulski region outside the Urals city of Chelyabinsk By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - The chance of a city-killing asteroid striking Earth is higher than scientists previously believed, a non-profit group building an asteroid-hunting telescope said on Tuesday. A global network that listens for nuclear weapons detonations detected 26 asteroids that exploded in Earth's atmosphere from 2000 to 2013, data collected by the Comprehensive Nuclear Test Ban Treaty Organization shows. "There is a popular misconception that asteroid impacts are extraordinarily rare ... that's incorrect," said former astronaut Ed Lu, who now heads the California-based B612 Foundation. The foundation on Tuesday released a video visualization of the asteroid strikes in an attempt to raise public awareness of the threat.


Government and industry leaders herald launch of NJIT's New Jersey Innovation Institute

( New Jersey Institute of Technology ) Government and industry leaders visited the New Jersey Institute of Technology (NJIT) today to join NJIT President Joel S. Bloom for the launch of the New Jersey Innovation Institute, an NJIT corporation that provides a new model for business innovation through the leveraging of industry, government, and higher education assets and investment.

3 Ways to Get Into the Flow State at Work

3 Ways to Get Into the Flow State at Work Flow, the state where we feel in command of what we do, execute tasks effortlessly, and perform at our best, was discovered by researchers at the University of Chicago.


Card Factory IPO deserves better greetings

Card Factory is a retailer that can prosper as the high street evolves

Correction: Biofuels-Global Warming story

WASHINGTON (AP) — In a story April 20 about new research showing biofuels made with corn leftovers are worse for global warming than gasoline in the short term, The Associated Press erroneously reported that cellulosic biofuels that failed to release 60 percent less carbon than gasoline wouldn't earn a $1 per gallon subsidy. That tax subsidy expired on Dec. 31, 2013.

9 Ways to Boost Meaning in Your Job

9 Ways to Boost Meaning in Your Job As you look at your job, what are some ways you can change your approach to tasks, relationships and your perception to boost purpose? It will not only bring you meaning but likely propel you forward in your career.


GM, lawyers fight over bankruptcy protections

DETROIT (AP) — General Motors Co. and a battalion of trial lawyers are preparing for an epic court fight over whether GM is liable for the sins of its corporate past.

UK's Card Factory plans estimated 1 billion pounds London listing

British greeting cards retailer Card Factory plans a stock market flotation that could value it at 1 billion pounds, joining a spate of store chains seeking public listings as the outlook for consumer spending brightens. UK retailers including discount chain Poundland, newsagent McColl's, Pets at Home and online fashion outlet Boohoo.com have already listed this year on the back of improving ...

Industrial DeNOx Systems & Services Market worth $6.9 Billion by 2019

DALLAS, April 22, 2014 /PRNewswire/ -- The report "Industrial DeNOx Systems & Services Market by Type (SCR & SNCR), by Application (Utilities & Industries), by Geography (Asia-Pacific, North America, ...

Spring Housecleaning Your Money

Spring Housecleaning Your Money I'm not suggesting you run your cash through the washing machine. Instead, you might want to invest in a file box and a small home shredder and start getting rid of excess paper that clogs up the view of your finances.


Job market for college grads better but still weak

FILE - In this May 20, 2013 file photo, graduates pose for photographs during commencement at Yale University in New Haven, Conn. The job market for new college graduates is brightening but remains weaker than before the Great Recession began. (AP Photo/Jessica Hill, File) WASHINGTON (AP) — With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads — a bit.


Vacant industrial space remains high in Melbourne

Vacant industrial space in Melbourne continued to rise in the first quarter.

4 Things They Don't Teach You in MBA Programs (Though They Really Should)

4 Things They Don't Teach You in MBA Programs (Though They Really Should) Having spent six years in two different colleges (for both my Bachelor's as well as Master's), I have a clear idea of what business schools aim to do. However, I also found that there are several things that they don't teach even though they really should.


Why Boutique Marketing Firms Give Brands the Biggest Bang for Their Bucks

Why Boutique Marketing Firms Give Brands the Biggest Bang for Their Bucks Though these firms have been behind many major marketing successes, they still get a bad rap with big brands for being too small and inexperienced. But big is not always better when it comes to choosing a marketing firm for a business.


Fast Food CEOs Make 1,000 Times More Than Their Typical Workers: Report

Fast Food CEOs Make 1,000 Times More Than Their Typical Workers: Report David Novak, the CEO of YUM! Brands, which owns Taco Bell and KFC, took home more than $22 million last year after exercising stock options, according to proxy statements. The average full-time fast-food worker, by comparison, would have made about $19,000 on the year. Novak, in other words, raked in more than 1,000 times what a typical lower-rung worker would have over the same period. ...


Aereo CEO speaks on company, Supreme Court case

In this Wednesday, March 26, 2014 photo, Chet Kanojia, the founder and CEO of Aereo, speaks during an interview with The Associated Press, in New York. The future of Aereo, an online service that provides over-the-air TV channels, hinges on a battle with broadcasters that goes before the U.S. Supreme Court in late April 2014. (AP Photo/Mark Lennihan) NEW YORK (AP) — Television broadcasters face off at the U.S. Supreme Court on Tuesday with Aereo, a company that offers live TV over the Internet. The case hinges on whether the service constitutes a public performance in violation of copyright law.


Global Thin Film Photovoltaic Cells Industry

NEW YORK, April 22, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Global Thin Film Photovoltaic Cells Industry http://www.reportlinker.com/p02070092/Global-Thin-Film-Photovoltaic-Cells-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Solar_Photovoltaic ...
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