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Facebook struggles to sell advertising in India

SAN FRANCISCO/MUMBAI, August 12 Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook... More »

China slowdown has some U.S. investors moving to consumer stocks

NEW YORK/BOSTON The slowdown in the Chinese economy, which prompted the Chinese government to devalue the yuan currency on Tuesday, has already hammered the shares of U.S. industrial companies. Yet some contrarian U.S. fund managers say there is still room to ... More »

Meghan Trainor cancels tour after vocal cord hemorrhage

LOS ANGELES U.S. singer Meghan Trainor canceled the remainder of her “MTrain Tour” on Tuesday after suffering a hemorrhaged vocal cord. Trainor, 21, who broke out last summer with the body-positive song “All About That Bass,” said she will be undergoing surger... More »

Buffett’s biggest deal casts light on pension burden

NEW YORK Growing pension obligations at Precision Castparts Corp (PCP.N), which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face, almost a decade into a low-interest rate environment. Berkshire’s ... More »

Exclusive: Macquarie to enter U.S ETF market making business

Australia’s Macquarie Group (MQG.AX) is entering the U.S exchange-traded fund market making business, officials told Reuters in an interview. Market makers provide ETF issuers with an array of services, including providing seed capital and distribution. They u... More »

College debt can be especially dumb for parents

LOS ANGELES Parent education loans can help your child attend the college of her dreams — and sink any dreams you had of ever retiring. The grim reality is that the federal PLUS loan program allows parents to borrow far more than they can comfortably, or even ... More »

Shakira’s hit song ‘Loca’ not plagiarism, U.S. judge rules

NEW YORK A case in which pop star Shakira’s 2010 hit single “Loca” was found to be an illegal copy of a Dominican songwriter’s work came crashing down on Monday when a U.S. judge said the songwriter had lied to the court and the cassette tape on which his clai... More »

New tadpole disease affecting frogs across globe, scientists find

LONDON Tadpoles are contracting a new, highly infectious disease that may be threatening frog populations worldwide, British scientists have found. A parasitic disease caused by single-celled microbes known as “protists” was found in the livers of tadpole samp... More »

Box Office: ‘Fantastic Four’ bombs with $26.2 million weekend

LOS ANGELES (Variety.com) – Scathing reviews and an indiscreet tweet left “Fantastic Four” on the slab after the franchise reboot flopped at the weekend box office. Fox’s hopes of rejuvenating the comicbook characters and turning the super-team into a cinemati... More »

Economic crisis proves no tragedy for Greek theater

EPIDAURUS, Greece On a stiflingly hot summer night, the ancient Greek amphitheatre of Epidaurus is packed to capacity for a performance of a 2,400-year-old play by Aristophanes — testimony to Greeks’ enduring love of theater despite years of grinding economic ... More »

Berkshire profit falls 37 percent on investment, insurance slump

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the... More »

Disney warning eclipses AMC Networks’ sales rise

AMC Networks Inc’s (AMCX.O) shares fell as much as 14 percent despite the company’s strong results, continuing a slide triggered by Walt Disney Co’s (DIS.N) forecast that suggested that more customers were deserting paid TV than expected. Walt Disney Co (DIS.N... More »

New York Times revenue misses as print ad sales fall again

New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. Shares of the company, which also forecast a decline in its current-quarter ad revenue, fell as much as 6 percent on Thursday.... More »

Viacom revenue miss adds to concerns over U.S. cable companies

Viacom Inc reported weaker-than-expected quarterly revenue, hurt by lower advertising revenue from its U.S. cable TV business as viewers increasingly shift to online streaming services. The results add to investor concerns over the U.S. cable industry after di... More »

Fox lowers profit outlook, shares drop

Media company Twenty-First Century Fox Inc (FOXA.O) on Wednesday reduced its profit expectation for the coming year, citing foreign currency impacts, the timing of film releases, and sports and digital investments in India. Fox had projected earnings in the mi... More »

Planned Parenthood fight hits Congress, wider impact unclear

WASHINGTON, August 3 Women’s health group Planned Parenthood, under attack by anti-abortionists posting hidden-camera videos online, will be the focus of a partisan showdown on Monday in the U.S. Senate, with any wider influence on voters from the charge still... More »

Western companies look hard at China as growth slows

LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »

Republicans begin pivotal debate week with New Hampshire forum

WASHINGTON Republican presidential candidates will test their messages in New Hampshire on Monday, with the exception of Donald Trump, in a pivotal week on the 2016 campaign trail that will be dominated by their first head-to-head debate on Thursday. Fourteen ... More »

Mobile key to growth, Sorrell tells IOC

KUALA LUMPUR Olympic chiefs must pump more content to mobile devices, and extend the allure of the Games outside its 17-day window to stay relevant to young people, marketing guru Martin Sorrell said on Sunday. “You need to evolve to new consumption behaviors ... More »

Bobbi Kristina Brown funeral draws crowd of onlookers

ALPHARETTA, Ga., Dozens of onlookers gathered on Saturday near a Georgia church for the funeral of Bobbi Kristina Brown, the 22-year-old daughter of late singer Whitney Houston, who died this week, months after she was found unresponsive in a bathtub. Brown’s ... More »

Rapper Snoop Dogg stopped in Italy airport with $422,000 in cash

ROME Italian police stopped California rapper Snoop Dogg on Friday as he prepared to board a private plane bound for Britain with $422,000 in cash in his Louis Vuitton luggage, said an Italian lawyer representing the entertainer. In the European Union, the max... More »

India court concludes hearing Maggi noodles case

MUMBAI An Indian court has concluded hearing a case filed by Nestle India challenging a local regulator’s report that Maggi instant noodles contained excess lead, a lawyer for the company said. The Bombay High Court will give a judgment at a later date, Rajesh... More »

Judge weighs lawsuit seeking Kurt Cobain’s death-scene photos

SEATTLE A Washington state judge should dismiss a lawsuit seeking photos from the death scene of Nirvana frontman Kurt Cobain because public-disclosure laws do not apply and the journalist who wants them violated legal procedures, Seattle’s attorney will argue... More »

Facebook CEO Zuckerberg and wife expecting a baby girl

SAN FRANCISCO Facebook Inc Chief Executive Mark Zuckerberg and his wife, Priscilla Chan, are expecting a baby girl, he said on his Facebook page on Friday. The couple, who married in 2012, have been trying to have a child and had three miscarriages, he wrote. ... More »

One Direction releases surprise first single as a foursome

LONDON Best-selling boy band One Direction released a surprise first single as a foursome on Friday, two days after former member Zayn Malik announced a new record deal as solo artist. “Drag Me Down” follows November’s “Night Changes” and is the first single t... More »

Comcast’s NBC blocks Sling TV ads, Dish says

NEW YORK Dish Network Corp said on Friday that Comcast Corp’s broadcast television network NBC is not airing ads promoting its Sling TV video streaming service in some markets. While NBC, part of Comcast’s NBCUniversal film and TV unit, has banned Sling TV ads... More »

NBCUniversal close to investing in BuzzFeed: source

LOS ANGELES Comcast Corp’s (CMCSA.O) NBCUniversal film and television unit is close to making an investment in online publisher BuzzFeed and is in talks to raise its stake in Vox Media, a person with knowledge of both sets of discussions said on Thursday. The ... More »

Drama helps Lebanese to bridge their city’s divides

BEIRUT Young people from two warring districts in the Lebanese city of Tripoli are taking to the stage in a comedy inspired by their own lives, trying to turn their backs on old rivalries inflamed by Syria’s civil war. “Love and War on the Rooftops” played to ... More »

Sky beats year forecasts with broad demand across Europe

LONDON European pay-TV group Sky said on Wednesday it expects to perform strongly in its new financial year after better-than-expected 2014/15 profits prompted investors to rethink their growth forecasts for the newly-enlarged group. Sky, formed from the combi... More »

New Bayreuth Wagner museum confronts family Nazi ties head on

BAYREUTH, Germany A renovated Richard Wagner Museum opening in Bayreuth this weekend to coincide with the Bavarian city’s annual Wagner opera festival puts the composer’s anti-Semitism and his family’s later ties to Adolf Hitler center stage for the first time... More »

Cheating website relieved it is not being judged after hack

TORONTO Cheating spouses website AshleyMadison.com, facing hackers’ threats to leak clients’ nude photos and sexual fantasies, said it is heartened by some initial public response that sees the site as a victim. The website’s Canadian parent, Avid Life Media, ... More »

South Africa’s Tutu discharged from hospital after treatment

CAPE TOWN Veteran South African anti-apartheid campaigner Desmond Tutu was discharged from hospital on Tuesday after a week fighting a persistent infection that is not related to his prostate cancer, his daughter said. Tutu, 83, who has been living with prosta... More »

Shaken Fanning not giving up on surfing despite shark attack

SYDNEY A visibly shaken Mick Fanning arrived home in Australia on Tuesday saying he would not turn his back on surfing despite needing a “miracle” to survive a shark attack off the coast of South Africa at the weekend. The three-times world champion was paddli... More »

World Santa Congress brings July Christmas cheer to Copenhagen

COPENHAGEN Chuckling “Ho ho ho” and waving to the public, dozens of Santas brought some Christmas cheer to the Copenhagen summer on Monday as they began their annual World Santa Claus Congress. Drawing Santas from around the world, the three-day event in the D... More »

U.S. fund industry weighs proposed Clinton tax increase

NEW YORK Fund companies and brokerage firms should be able to weather a proposal by Democratic U.S. presidential candidate Hillary Clinton that would increase capital gains taxes for some investors, but some fund holders could see higher costs, managers and an... More »

Pearson exploring sale of Financial Times: Bloomberg

LONDON British publisher Pearson (PSON.L) is exploring the sale of its Financial Times newspaper after receiving interest from potential buyers, Bloomberg reported on Monday, citing people familiar with the matter. Pearson was sounding out possible bidders for... More »

The $100 million question: are we alone in the cosmos?

SAN FRANCISCO/LONDON Scientists are about to embark on the biggest search yet for alien life, sweeping the skies for signals of civilizations beyond our solar system with $100 million from a Russian billionaire and the backing of physicist Stephen Hawking. Whe... More »

Five retirement savings tips for Millennials

NEW YORK A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months. “I’m really bad at planning for unexpecte... More »

U.S. parents spend more, worry less about college

LOS ANGELES A new study by student lender Sallie Mae found the average amount spent on college education in the United States jumped for the first time in five years, thanks to greater outlays from high-income families and parental readiness to spend more. Fam... More »

Up, up, and away: NZ drone makers target Hollywood

RAGLAN, New Zealand Deep in New Zealand’s dairying heartland, drone maker Aeronavics tests aircraft designed to corner the fast-growing emerging market for unmanned aerial vehicles in the film and television business. The developer of drones used in the produc... More »

Morningstar affirms Gundlach’s DoubleLine fund ‘not ratable’

NEW YORK Morningstar Inc said DoubleLine Capital’s flagship Total Return Bond Fund is “not ratable” for a second straight year, citing a lack of information about the firm’s investment process, succession planning and risk controls. The Chicago-based investmen... More »

German lawmakers back Greek bailout talks despite rebellion

BERLIN German lawmakers gave their go ahead on Friday for the euro zone to negotiate a third bailout for Greece, heeding a warning from Chancellor Angela Merkel that the alternative to a deal with Athens was chaos. The Bundestag lower house of parliament, whos... More »

Aiyeeeee! Human screams jolt brain’s fear-response center

WASHINGTON If you feel like a human scream jolts the deep recesses of your brain, there’s a good reason for it. That is precisely what is happening, scientists say. Researchers who explored how the brain handles a scream said on Thursday the loud, high-pitched... More »

No solace for food-deprived polar bears as sea ice wanes

WASHINGTON Polar bears are the kings of the ice surface covering the top of the globe, but the ongoing loss of the Arctic sea ice on which they hunt seals is causing summer food deprivation that threatens these imposing white-furred predators. Some experts had... More »

Future of BBC up for grabs as UK government kicks off review

LONDON Britain’s newly elected Conservative government signalled on Thursday it would cut back the BBC, the opening salvo in a battle over the future of the world’s biggest public service broadcaster. Any attempt to change the 92-year-old broadcaster provokes ... More »

BT could be broken up to improve Britain’s broadband networks

LONDON Britain’s telecoms regulator is seriously considering a break up of dominant provider BT, after rivals accused it of abusing its market position and failing to invest in the broadband networks they rely on. Ofcom floated the idea of a forced separation ... More »

Chicago art exhibit stirs controversy with Ferguson replica

CHICAGO It was an image that shocked and angered many: a dead, black 18- year-old left face-down for hours in the middle of a street after being shot multiple times by a white police officer, his red Cardinals baseball cap knocked from his head by the fall. No... More »

Huge carp found in Kansas ditch is no fish story

KANSAS CITY, Mo. Rarely is a trophy fish so easy to land. An animal control officer in Olathe, Kansas, recently hauled in a 60-pound (27-kg) carp that was lying in a drainage ditch. A man out for a walk last week spotted the fish and called police, city animal... More »

Street artist Fairey surrenders to Detroit authorities

DETROIT Street artist Shepard Fairey, who created the “Hope” poster of Barack Obama in 2008, turned himself into Detroit police on Tuesday on charges he defaced several properties in the city, authorities said. Fairey is scheduled to be arraigned on Tuesday, D... More »

Australian tracking station to get first new images of Pluto

SYDNEY A space tracking station surrounded by cows in an Australian valley will on Tuesday become the first place in the world to get close-up images of Pluto, the most distant planetary body ever explored. After nine-and-half years of traveling 5.3 billion km... More »

One in four dogs at top show Crufts found to be overweight

LONDON A quarter of dogs competing in the world’s biggest dog show are overweight, scientists said on Monday. An analysis of canines at Britain’s Crufts show – held annually since the reign of Queen Victoria – found 74 percent were in ideal condition but 26 pe... More »