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Business - Yahoo, Microsoft extend search partnership talks for 30 days


Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives. The search partnership, which took effect in 2010, allowed the companies to negotiate changes or to terminate the arrangement entirely after five years. According to a filing with the U.S. Securities and Exchange Commission on Friday, Yahoo and Microsoft mutually agreed to extend that deadline to a 60-day period following Feb. 23. `We value our partnership with Microsoft and continue discussions about plans for the future.


Friday, March 27, 2015  23:00

Yahoo

World - Greece seen topping EU economic growth list next year


Greece`s economic growth rate will be the highest in the European Union next year, the European Commission has estimated, although its optimism is based on the assumption that Greece sticks to its bailout commitments. Greece`s economy returned to growth in the second quarter of 2014 after six years of recession, expanding by 1.0 percent over the year, the Commission said in its latest economic forecasts released on Thursday The Commission sees 2015 growth of 2.5 percent as lower oil prices and higher disposable income boost private consumption and exports, notably tourism and shipping, prosper from the weaker euro and increased competitiveness. The Commission also forecast that Greece`s economy would expand by 3.6 percent in 2016, a rate matched only by Ireland and Latvia. The Commission`s report added that there were risks to its forecasts, with political uncertainty threatening to undermine confidence, consumption and investment.


Thursday, February 05, 2015  15:03

Yahoo

World - Image of Asia: A salute from South Korean military officers


In this photo by Lee Jin-man, new South Korean military officers salute during their commissioning ceremony in Gyeryong, south of Seoul, on Tuesday. More than 6,400 officers were commissioned and will be deployed in the army, navy, air force and marines as second lieutenants. South Korea has a military force of about 630,000 and requires all able-bodied men to serve about two years in the military in the face of threats from North Korea. Those newly commissioned are career officers, separate from the military personnel fulfilling their mandatory service. In her speech at the ceremony, South Korean President Park Geun-hye stressed the importance of the alliance between South Korea and the United States following the slashing attack last week on U.S. Ambassador Mark Lippert.


Thursday, March 12, 2015  12:04

Yahoo

World - Argentine prosecutor was `assassinated`: family probe


The Argentine prosecutor who died mysteriously while pursuing a case against President Cristina Kirchner was assassinated, his ex-wife said Thursday, announcing the results of an unofficial probe commissioned by the family. Alberto Nisman, who accused Kirchner of shielding Iranian officials from prosecution over the 1994 bombing of a Buenos Aires Jewish center, `was killed,` said Sandra Arroyo Salgado, a federal judge who is his ex-wife and mother of his two daughters. After his death was initially labelled a suicide, his family commissioned its own independent forensic investigation. His death is an assassination of unknown proportions,` Arroyo Salgado told a press conference.


Thursday, March 05, 2015  20:47

Yahoo

World - EXCLUSIVE: Irving downplays air quality problems at Canada oil-rail terminal


By Richard Valdmanis BOSTON (Reuters) - Irving Oil has told regulators that recent air quality testing it commissioned around its oil-by-rail terminal in Saint John, New Brunswick, Canada`s largest such facility, shows no cause for public health concern. Irving commissioned the study after it was flooded with complaints from residents of the eastern province`s most populous city last winter about powerful smells wafting toward downtown when trains unloaded their cargoes. ...


Thursday, November 20, 2014  17:50

Yahoo

World - U.S. safety regulators probe Lumber Liquidators laminates


The U.S. Consumer Product Safety Commission said on Wednesday it was investigating Chinese-made laminates used by Lumber Liquidators Holdings Inc, after reports that the company`s flooring products had too-high levels of formaldehyde. Commission Chairman Elliot Kaye said the regulator would test flooring products from Lumber Liquidators to determine whether they contained levels of formaldehyde, a carcinogen, that could be harmful to human health. Kaye said the commission is `looking at months, unfortunately, not weeks` to determine the potential exposure, and he said it was too soon to tell whether the levels might warrant a possible recall of flooring products. Lumber Liquidators said in a statement on Wednesday that it was cooperating with the safety commission and had turned over its own testing and safety information.


Wednesday, March 25, 2015  15:25

Yahoo

World - Pope orders bishops to cooperate with sex abuse commission


By Philip Pullella VATICAN CITY (Reuters) - Pope Francis on Thursday ordered Roman Catholic bishops around the world to fully cooperate with a commission he set up to protect children from sexual abuse by clerics and to give the issue top priority even if it unearths new scandals. The pope sent the letter to the bishops and heads of religious institutions a day before the commission, which he established last year, was due to hold its first full meeting. In the letter, the pope says: `Everything possible must be done to rid the Church of the scourge of the sexual abuse of minors and to open pathways of reconciliation and healing for those who were abused.`. One of the members of the commission, Marie Collins of Ireland, herself a victim of sexual abuse, told Reuters that commission members had asked the pope to write a letter to thwart any resistance from bishops to its work.


Thursday, February 05, 2015  11:25

Yahoo

World - EU puts conditions on deals involving Novartis, GSK


The European Union on Wednesday approved mega deals involving drugmakers Novartis of Switzerland and GlaxoSmithKline of Britain, provided they sell off assets in the vaccines and consumer health businesses. The European Commission, the EU`s executive arm, approved GSK`s acquisition of Novartis`s global human vaccines business as well as a tie-up of their global consumer health business under GSK control, it said in a statement. The commission had feared that the transactions, as initially planned, would undermine competition in vaccines against meningitis and diphtheria as well as in a range of consumer health products to stop smoking and to treat cold sores, cold and influenza. To tackle the commission`s concerns, GSK pledged to `grant a worldwide, exclusive, perpetual licence of GSK`s Nimenrix vaccine for bacterial meningitis and divest GSK`s Mencevax vaccine for bacterial meningitis worldwide,` the commission said.


Wednesday, January 28, 2015  20:22

Yahoo

World - Uganda media ordered to boost coverage of president


Radio and television stations in Uganda were on Friday ordered to provide live coverage of major events involving the country`s veteran President Yoweri Museveni, prompting protests by activists and the opposition. The Uganda Communications Commission, a state-controlled body, told local broadcasters they were subject to `licensing conditions issued by the commission, whereby all broadcast stations are expected to provide live coverage of major national events and addresses` by the president. The Commission said it will be `monitoring this coverage,` and that `non-compliant stations will be penalised`, without specifying the punishment. `This is a draconian directive,` said Geoffrey Ssebaggala, the head of Uganda`s Human Rights Network of Journalists.


Friday, March 27, 2015  16:09

Yahoo

World - Russia moots higher gas price for Kiev ahead of three-way talks


By Barbara Lewis and Vladimir Soldatkin BRUSSELS/MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said Ukraine`s gas prices could rise to $348 per 1,000 cubic meters (tcm) in the second quarter as he arrived for gas supply talks with Kiev brokered by the European Commission. Ukraine has been paying $329 per tcm for gas in the first quarter under a deal negotiated by the Commission last year. The Commission, the EU executive, brokered an accord in October to keep gas flowing over the peak demand winter months despite tension between Kiev, Moscow and Brussels over Russia`s annexation of Crimea.


Friday, March 20, 2015  16:10

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