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Business - Oil steadies on doubts output cut will end global glut


Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years. North Sea Brent crude oil was up 10 cents a barrel at $54.03 by 0950 GMT. Oil prices surged as much as 19 percent after the Organization of the Petroleum Exporting Countries and Russia announced last week that they would cut production next year in an effort to prop up markets.


Wednesday, December 07, 2016  10:26

Yahoo

Business - LeEco`s sports unit cuts 10 percent of staff amid funding crunch


BEIJING/SHANGHAI (Reuters) - The sports unit of Chinese technology giant LeEco will cut 10 percent of its staff and restructure its business after the parent firm`s billionaire chief executive flagged concerns over spiraling debt and corporate overextension last month. A company spokeswoman said the cuts would be made at various departments inside LeEco`s sports unit, LeSports. LeEco`s CEO Jia Yueting made waves in November after writing a letter to staff saying the firm was facing `big company disease`, casting fresh doubt over the conglomerate`s ambitions in sectors including the electric auto industry and online entertainment.


Wednesday, December 07, 2016  09:36

Yahoo

Sports - Anthony and Knicks down Heat in warm-up for Cavs


Carmelo Anthony scored a season-high 35 points to lead the New York Knicks to a 114-103 NBA victory over the short-handed Heat in Miami on Tuesday. Kristaps Porzingis scored 14 points and pulled down 12 rebounds for the Knicks and Joakim Noah added 10 points and 10 rebounds, including seven of New York`s 18 offensive boards.


Wednesday, December 07, 2016  05:34

CNN

Top Stories - Saving children from life on the streets


Andy Stein shifts on the balls of his feet, leans against a wooden railing, and fidgets.


Wednesday, December 07, 2016  05:54

Yahoo

Business - Starbucks courts millennials with $10 coffee at new Reserve bars


By Lisa Baertlein and Tim Baysinger LOS ANGELES/NEW YORK (Reuters) - Starbucks Corp co-founder Howard Schultz`s plan to build a new prestige brand is a bet that moving upscale can raise the profile of the world`s largest coffee brand with millennials like Megan Sauers.  Schultz in April will step down as chief executive to focus on building 1,000 new `Reserve` brand stores. Starbucks last week announced that Schultz was moving into the role of executive chairman in April to focus on the project. The transition marks a turning point for Starbucks, which introduced millions of people around the world to higher quality coffee and espresso drinks and now must find a way to avoid being labeled pedestrian when compared with upscale rivals like Blue Bottle and Intelligentsia, which are popping up in U.S. cities.


Wednesday, December 07, 2016  02:39

Yahoo

Sports - Spurs rally, roll toward NBA history on the road


The San Antonio Spurs erased an early 10-point deficit to beat the Minnesota Timberwolves 105-91 and extend their perfect record on the road to 13-0. The Spurs are closing in on NBA history. San Antonio notched away win No. 13 without veteran stars Tony Parker and Manu Ginobili, with Parker ruled out because of a knee contusion and Ginobili in uniform but on the bench on the second night of back-to-back games.


Wednesday, December 07, 2016  06:31

Yahoo

World - Top Asian News 3:53 a.m. GMT


A strong undersea earthquake that rocked Indonesia`s Aceh province early Wednesday has killed at least 20 people and collapsed buildings. Indonesia`s TVOne station, citing the acting governor of Aceh, Soedarmo, says 20 people have died. A frantic rescue effort is underway for survivors in districts nearest the epicenter. The U.S. Geological Survey says the shallow 6.4-magnitude earthquake that struck at 5:03 a.m. Wednesday was centered about 10 kilometers (6 miles) north off Reuleut, a town in northern Aceh, at a depth of 17 kilometers (11 miles). There was no risk of a tsunami, according to Indonesian authorities.


Wednesday, December 07, 2016  04:03

Yahoo

World - Top Asian News 3:48 a.m. GMT


A strong undersea earthquake that rocked Indonesia`s Aceh province early Wednesday has killed at least 20 people and collapsed buildings. Indonesia`s TVOne station, citing the acting governor of Aceh, Soedarmo, says 20 people have died. A frantic rescue effort is underway for survivors in districts nearest the epicenter. The U.S. Geological Survey says the shallow 6.4-magnitude earthquake that struck at 5:03 a.m. Wednesday was centered about 10 kilometers (6 miles) north off Reuleut, a town in northern Aceh, at a depth of 17 kilometers (11 miles). There was no risk of a tsunami, according to Indonesian authorities.


Wednesday, December 07, 2016  03:56

Yahoo

World - Top Asian News 2:20 a.m. GMT


JAKARTA, Indonesia (AP) — A strong undersea earthquake rocked Indonesia`s province of Aceh early Wednesday, causing several deaths and buildings to collapse in a district near the epicenter. The U.S. Geological Survey said the shallow 6.4-magnitude earthquake that struck at 5:03 a.m. (2203 GMT Tuesday) was centered about 10 kilometers (6 miles) north of Reuleut, a town in northern Aceh, at a depth of 17.2 kilometers (11 miles). Indonesia`s Climate, Meteorology and Geophysics Agency said the quake has no potential to trigger a tsunami. Sulaiman, a local disaster official, told local MetroTV that a woman and her two children were killed in Pidie Jaya, 18 kilometers (11 miles) southwest of the epicenter.


Wednesday, December 07, 2016  02:29

Yahoo

World - Top Asian News 2:15 a.m. GMT


JAKARTA, Indonesia (AP) — A strong undersea earthquake rocked Indonesia`s province of Aceh early Wednesday, causing several deaths and buildings to collapse in a district near the epicenter. The U.S. Geological Survey said the shallow 6.4-magnitude earthquake that struck at 5:03 a.m. (2203 GMT Tuesday) was centered about 10 kilometers (6 miles) north of Reuleut, a town in northern Aceh, at a depth of 17.2 kilometers (11 miles). Indonesia`s Climate, Meteorology and Geophysics Agency said the quake has no potential to trigger a tsunami. Sulaiman, a local disaster official, told local MetroTV that a woman and her two children were killed in Pidie Jaya, 18 kilometers (11 miles) southwest of the epicenter.


Wednesday, December 07, 2016  02:22

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