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Business - Mitsubishi closing in on new hybrid SUV


At the Geneva auto show in March, Mitsubishi will show off a new compact SUV concept with a plug-in hybrid drivetrain, building on previous concept work.>


Friday, January 30, 2015  01:40

Yahoo

Business - Lower gas prices seen fueling U.S. consumer spending in fourth quarter


By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely grew at a brisk clip in the fourth quarter as lower gasoline prices buoyed consumer spending, in a show of resilience despite a darkening global outlook. `The consumer did the heavy lifting and I don`t think there is any reason to expect that to change in the first half of this year because of the enormous tailwind from lower gasoline prices,` said Ryan Sweet, a senior economist at Moody`s Analytics in West Chester, Pennsylvania. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have advanced at a pace of at least 4 percent in the fourth quarter - which would be the fastest in four years and an acceleration from the third quarter`s 3.2 percent pace. Gasoline prices have plunged 43 percent since June, according to U.S. government data, leaving Americans with more money for discretionary spending.


Friday, January 30, 2015  05:16

Yahoo

Business - Asian shares edge up after Wall Street gains


MSCI`s broadest index of Asia-Pacific shares outside Japan was up about 0.1 percent on the day, but up more than 1 percent for the month. Japan`s Nikkei stock average added about 0.8 percent, clawing back some of the 1.1 percent lost the previous session, its biggest one-day drop in two weeks. Mostly upbeat data released before the market open showed Japan`s core consumer inflation slowed for a fifth straight month in December due to slumping oil prices, though factory output rose 1.0 percent, helped by a much-awaited rebound in exports and the jobless rate fell. According to Japanese government and central bank officials, the Bank of Japan has put monetary policy on hold and found backing for its wait-and-see stance from advisors to Prime Minister Shinzo Abe, who worry more easing could send the yen to damagingly low levels.


Friday, January 30, 2015  04:22

Yahoo

Business - Oil prices fall as output remains high, producers slash costs


By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped in early trading on Friday following slight gains in the previous sessions, and analysts said the outlook remained weak with production high and producers reducing operating costs to adjust to lower export revenues. Global oil prices firmed slightly on Thursday but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to record-high U.S. oil inventories. Benchmark Brent crude oil futures opened Friday`s trading with losses, opening at $49.15 a barrel at 0100 GMT but falling to $48.95 by 0200 GMT. `Falls in currencies and energy costs will allow many energy and bulk commodity producers to ride this out this weakness,` it added.


Friday, January 30, 2015  02:52

CNN

Asia - Bringing the best of Indian style


Maithili Ahluwalia shows how going `global yet local` really works with her boutique concept store Bungalow Eight.


Friday, January 30, 2015  02:52

Yahoo

Sports - Singer Dave Matthews raises Seattle Seahawks flag on Space Needle before Super Bowl


By Victoria Cavaliere SEATTLE (Reuters) - Musician and Seattle resident Dave Matthews showed his support for the defending Super Bowl champion Seattle Seahawks on Thursday, raising the team`s 12th man flag on top of the city`s emblematic Space Needle ahead of the National Football League`s title game. `It`s a huge honor,` Matthews, who moved to Seattle over a decade ago, told local broadcaster KIRO. As Matthews hoisted the Seahawks` flag, he predicted the team would win 36 to 20.


Friday, January 30, 2015  02:34

Yahoo

Business - The electric eye of a cyclone, viewed from space


Images of Cyclone Bansi taken by astronauts aboard the International Space Station show an eye aglow with lightning.>


Friday, January 30, 2015  00:28

CNN

Top Stories - Pics `show Islamist child soldiers`


An organization calling itself Boko Haram`s official mouthpiece publishes photos of an alleged military training camp for children.


Friday, January 30, 2015  05:34

Yahoo

World - Asia stocks mostly higher after Japan data shows improvement


HONG KONG (AP) — Asian stock markets were mostly higher Friday after economic data suggested Japan is pulling out of recession while Chinese shares fell ahead of a manufacturing report.


Friday, January 30, 2015  04:58

Yahoo

World - Teenager with fake gun interrupts Dutch TV, is overpowered


A teenager armed with a fake gun disrupted Dutch television when he forced his way into the building of public broadcaster NOS and demanded airtime before being overpowered by police. The NOS building in the central city of Hilversum was evacuated. The incident interrupted NOS`s 8:00 pm (1900 GMT) newscast, with a message on screen telling viewers no broadcast was `available at this time`. A spokesman for the prosecutor`s office said at a press conference that the man, aged 19, came from the town Pijnacker near The Hague and was in police custody.


Friday, January 30, 2015  04:40

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