BOSTON (Reuters) – Morgan Stanley, the lead underwriter for Facebook Inc’s initial public offering, will pay a $ 5 million fine to Massachusetts to settle charges that its bankers improperly influenced its research analysts when the Internet company went public.Massachusetts’ top securities regulator, William Galvin, charged that Morgan Stanley improperly helped Facebook disclose sensitive financial...
TV network aimed at millennials set for summer
Label: LifestyleNEW YORK (AP) — Participant Media plans to launch a cable network aimed at viewers 18 to 34 years old with programming it describes as inspiring and thought-provoking.The as-yet-unnamed network is set to start next summer with an initial reach of 40 million subscribers, the company announced Monday.Targeting so-called millennials, Participant is developing a program slate with such producers as Brian...
Global malaria battle stalls as financing gets tight
Label: HealthLONDON (Reuters) – Global funding for the fight against malaria has stalled in the past two years, threatening to reverse what the World Health Organisation (WHO) says are “remarkable recent gains” in the battle to control one of the world’s leading infectious killers.After rapid expansion between 2004 and 2009, funding for malaria prevention and control leveled off between 2010 and 2012 – meaning...
Only balanced plan to avoid “cliff” is Obama’s: White House
Label: BusinessWASHINGTON (Reuters) – The only proposal that avoids the year-end U.S. “fiscal cliff” in a balanced manner is the one President Barack Obama has put forward, White House spokesman Jay Carney said on Monday.“The only plan that we have seen that achieves the size and the balance that’s required for sustainable – for long-term deficit reduction and for putting our economy on a sustainable fiscal path,...
N. Korea displays Kim Jong Il a year after death
Label: WorldPYONGYANG, North Korea (AP) — North Korea unveiled the embalmed body of Kim Jong Il, still in his trademark khaki jumpsuit, on the anniversary of his death Monday as mourning mixed with pride over a recent satellite launch that was a long-held goal of the late authoritarian leader.Kim lies in state a few floors below his father, national founder Kim Il Sung, in the Kumsusan mausoleum, the cavernous...
Dec
16
Viral Justice: Domestic Abuse Victim Calls Out Attacker on Facebook
Label: Technology Amber Taylor had been living in a Missouri motel with her boyfriend, Austin “Wildboi” McCauley, until this week, when he reportedly beat her unconscious with a baseball bat.Two days later, the 23-year-old took a picture of herself recovering from her injuries and posted it to McCauley’s public Facebook page, calling him out for his abuse and prompting his arrest. Since its...
“Hobbit” film sets December record in U.S., Canada debut
Label: Lifestyle (Reuters) – “The Hobbit” brought home a big box office treasure over the weekend, setting a December movie record with $ 84.77 million in U.S. and Canadian ticket sales as legions of fans turned out for the long-awaited big-screen return to Middle Earth.“The Hobbit: An Unexpected Journey” also rung up sales of $ 138.2 million in international markets. Global receipts for the prequel...
Pope speaks of his pain over “senseless violence” in Connecticut
Label: Health VATICAN CITY (Reuters) – Pope Benedict expressed his pain over the killing in the United States of 26 people, including 20 schoolchildren, by a gunman and prayed for the consolation of the victims’ families at his weekly address on Sunday.“I was deeply saddened by Friday’s senseless violence in Newtown, Connecticut,” the pontiff told crowds of pilgrims gathered in St Peter’s Square...
Craft Brewers Threatened by Big Beer Brands
Label: Business American craft brewers love to talk about how they’re stealing market share from the big beer companies, such as MillerCoors and Anheuser-Busch InBev (BUD). In the first half of the year, craft beer sales rose 14 percent, in dollar terms, according to the trade group Brewers Association. Their larger competitors can only dream of such gains in the U.S.Craft brewers, however, are...
Egyptians hand Islamists narrow win in constitution vote
Label: World CAIRO (Reuters) – Egyptians voted in favor of a constitution shaped by Islamists but opposed by other groups who fear it will divide the Arab world’s biggest nation, officials in rival camps said on Sunday after the first round of a two-stage referendum.Next week’s second round is likely to give another “yes” vote as it includes districts seen as more sympathetic towards Islamists,...
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