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Eyewitness Reporting - Business Hurt by Road Work

11/23/14 WEHT example of Eyewitness News reporting off the top of the newscast. ...Read More »

Some Climate Change Impacts Unavoidable

11/23/14 The World Bank said on Sunday that some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions. It said past and predicted emissions from power plants, factories and cars have locked the globe on a path towards an average temperature rise of almost 2.7 Fahrenheit above pre-industrial times by 2050. In a telephone news conference on the report, titled "Turn down the Heat, Confronting the New Climate Normal," World Bank President Jim Yong Kim explained, "This means that climate change impacts such as extreme heat events may now be simply unavoidable."

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South Korea Holds Winning Hand as Japan Gambling Bill Dies

11/23/14 South Korea looks like the consolation prize as Japan's $15 billion casino dream fades-- a setback for companies such as Las Vegas Sands Corporation that envisioned a new gaming hub rivaling Las Vegas in 2020. A bill that would have legalized casino gambling died when Japanese Prime Minister Shinzo Abe dissolved parliament on Friday to call a snap election. ...Read More »
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Property, Manufacturing Woes Help Trim China's Shadow Banking

11/23/14 A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on Friday, is unlikely to help them much. ...Read More »

Aviva, Friends Life $8.8 Billion Merger Plan Makes Sense

11/23/14 Fund managers said Aviva's potential $8.8 billion purchase of Friends Life reflects a need to consolidate and cut costs in Britain's insurance industry. The two companies said on Friday they had agreed terms of a possible all-share deal, at a 15 percent premium to Friends Life's closing price--offering Friends Life shareholders a 26 percent stake in the new company. The proposed transaction shows how insurers are having to rethink they way they do business after the British government changed rules covering annuities, which provide retirement income, causing a slide in annuity sales.

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Telecom Firms Call for Change to BT's Business Broadband 'monopoly'

11/23/14 Britain's biggest telecoms service providers have filed a complaint to media regulator Ofcom demanding greater competition in the business broadband market, where they say BT has an effective monopoly. The UK Competitive Telecommunications Association said other companies should be allowed to lay their own cables in BT ducts and use their own equipment to control BT cables, saying it would improve service and encourage innovation. ...Read More »

Italian Bank Intesa Eyes UK's Coutts International: FT

11/23/14 The Financial Times reported, Italy's retail bank Intesa SanPaolo is looking at a possible bid for Coutts International, the wealth management arm of Royal Bank of Scotland. The newspaper said, citing a source, Intesa is trying to persuade RBS to sell the whole of Coutts, along with the prized UK business, whose customers include Queen Elizabeth. Coutts, which is expected to be worth about $1 billion, was put up for sale by RBS in early August. ...Read More »

Rentrak Announces Official Worldwide Box Office Results for Weekend of November 23, 2014

LOS ANGELES, Nov 23, 2014 /PRNewswire/ --Rentrak (NASDAQ: RENT), the leader in precisely measuring movies and TV everywhere, today announced the official worldwide weekend box o..... ...Read More »

Iran Hardliners Protest Nuke Talks on Eve of Deadline

11/23/14 Hardline students took to the streets of Tehran on Sunday to demand their government not cave to Western pressures, as negotiators from Iran and the West frantically tried to hammer out a nuclear deal in Vienna on the eve of a self-imposed deadline. The protesters — all in conservative attire — insisted that all sanctions against Iran be dropped and that Tehran be allowed to maintain its nuclear rights. ...Read More »

Under Modi, Israel and India Forge Deeper Business Ties

11/23/14 At the UN General Assembly in New York last September, Israeli Prime Minister Benjamin Netanyahu set aside time for a critical meeting. But it wasn't President Barack Obama he was keen to see. It was Indian Prime Minister Narendra Modi. Since Modi came to power in May, ties between Israel and India have been in overdrive, with the two signing a series of defense and technology deals that have underscored their burgeoning commercial and political relationship. ...Read More »

Falling Inflation a Worry for Europe but Also the World

11/23/14 European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy. A sickly Europe has held back global economic growth for years, and now it is contributing significantly to powerful forces already dragging down inflation across the globe. A spectacular drop in crude oil prices over the past month will be the center of discussion when ministers from the world's top oil exporters meets in Vienna on Friday.

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