• T-Mobile Q2 profit jumps as customer growth pops again

    T-Mobile Q2 profit jumps as customer growth pops again

    T-Mobile CEO John Legere. James Martin/CNET More consumers signed up for T-Mobile CEO John Legere’s Uncarrier mobile revolution as growth once again exceeded Wall Street’s second-quarter expectations. The wireless carrier swung to a second-quarter profit...
  • WWI, the not-so-great war

    WWI, the not-so-great war

    Actors dressed as Russian soldiers take part in the re-enactment of the 1914 Battle of Tannenberg in Szkotowo, Poland, Sunday, July 27, 2014, marking the 100th anniversary of the beginning of World War I. (AP...

Headline News

  • U.S. jobless claims up, but four-week average hits eight-year low


    WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions. Initial claims for state unemployment benefits increased 23,000 to a seasonally adjusted 302,000 for the week ended July 26, the Labor Department said on Thursday. The prior week’s claims were revised to show 5,000 fewer applications received than previously reported. Claims for the week ended July 19 were the lowest since May 2000. Economists polled by Reuters had forecast claims rising to 301,000. Summer automobile plant shutdowns for retooling cause volatility in claims around this time of the year as automakers sometimes keep assembly lines running. This throws off a model the government uses to adjust the data for seasonal variations. The four-week average of claims, considered a better gauge of labor market trends as it irons out week-to-week volatility, fell 3,500 to 297,250, the lowest …

    July 31, 2014 8:08 am
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Politics

  • Wisconsin supreme court upholds state’s voter ID law


    (Reuters) – The Wisconsin Supreme Court upheld a state law on Thursday requiring voters to have identification to cast a ballot, according to court documents. However, the 2012 law is not in effect as a federal judge ruled the measure unconstitutional in April. Wisconsin Attorney General J.B. Van Hollen is appealing that ruling. Wisconsin is one of several states that have been forced to defend changes to voting protocol. Judges in recent months have overturned photo identification laws in Pennsylvania and Arkansas. (Reporting by Brendan O’Brien; Editing by Jonathan Allen)

    July 31, 2014 8:07 am
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Stocks

  • Tesla’s new battery teammate: Panasonic


    A rendering of Tesla’s planned Gigafactory. Tesla has found a partner for its plan to mass produce batteries for electric vehicles: Panasonic. The companies announced Thursday that Panasonic (PCRFF) will contribute an undisclosed sum to a proposed “Gigafactory,” the location of which has yet to be announced. Panasonic will also make and supply cylindrical lithium-ion cells, and the two companies will set up a supply network for the materials used at the plant. Tesla (TSLA) wants to build the Gigafactory, expected to cost $4 billion to $5 billion, in order to have enough lithium-ion batteries for a less-expensive electric car. Its current model, the Model S, starts at $69,000. Related: Tesla Model S is Consumer Reports’ top car pick Tesla has said it is looking at sites in Texas, New Mexico, Arizona, Nevada and California to supply its factory in California with batteries. CEO Elon Musk said in May that the company would take the …

    July 31, 2014 6:47 am
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Sports

  • Neymar aiming to return to action with Barca on Aug 18


    MADRID (Reuters) – Neymar’s injured back is healing well and he is aiming to return to action in a friendly for his club Barcelona on Aug. 18, the Brazil forward said on Thursday. Neymar fractured a bone in his back following a challenge from Colombia defender Juan Zuniga in Brazil’s World Cup quarter-final and was ruled out for the rest of the tournament. “I am recovering bit by bit from the injury and I will arrive in Barcelona at 100 percent,” Neymar, who is due back at Barca on Aug. 5, told reporters at a promotional event in Japan. “I want to have a good season and I would like to help my team mates get good results,” he added. Barca play Mexican side Leon in the friendly at the Nou Camp on Aug. 18, with the winners awarded a trophy named for the Catalan club’s founder Joan Gamper. They begin their La Liga campaign …

    July 31, 2014 8:08 am
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World News

  • Bob McDonnell trial: star witness testifies over governor’s gifts


    They were once friends, or at least friendly. Both were self-made men who’d soared far past their working-class background. One was a rising star of the Republican Party and potential vice-presidential pick. The other, a multimillionaire entrepreneur who owned a private jet. They were close in age, and both had big families. As they got to know each other, they even learned they had both honeymooned in Bar Harbor, Maine. But in federal court Wednesday, that relationship started a dramatic new chapter as businessman Jonnie Williams began testifying as the government’s key witness in the corruption trial for former Virginia Gov Bob McDonnell and his wife, Maureen. Prosecutors say Williams gave the McDonnells more than $165,000 in secret gifts, cash and loans in exchange for promoting his products. Williams was the CEO of dietary supplements maker Star Scientific Inc. until he stepped down under the cloud of a securities investigation and shareholder lawsuits. His testimony …

    July 31, 2014 7:47 am
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Technology

  • T-Mobile Q2 profit jumps as customer growth pops again


    T-Mobile CEO John Legere. James Martin/CNET More consumers signed up for T-Mobile CEO John Legere’s Uncarrier mobile revolution as growth once again exceeded Wall Street’s second-quarter expectations. The wireless carrier swung to a second-quarter profit of $391 million, or 48 cents a share, helped by a 90-cent gain from a spectrum licensing deal with Verizon Wireless. Revenue rose 15.3 percent to $7.19 billion. Wall Street forecast a profit of 8 cents a share on revenue of $7.04 billion. T-Mobile shares rose 2.2 percent to $31.63 in pre-market trading. T-Mobile has been solely focused on customer growth — often to the detriment of its bottom line. The company posted $1.45 billion on an adjusted earnings before interest, taxes, depreciation, and amortization basis, in line with Wall Street’s forecast. Its aggressive moves, which the company makes assuming that the new customers would eventually pay off with more revenue and profit, have shaken up the wireless industry, forcing …

    July 31, 2014 8:07 am
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Science

  • Antarctic ice sheet is result of CO2 decrease, not continental breakup


    Climate modelers from the University of New Hampshire have shown that the most likely explanation for the initiation of Antarctic glaciation during a major climate shift 34 million years ago was decreased carbon dioxide (CO2) levels. The finding counters a 40-year-old theory suggesting massive rearrangements of Earth’s continents caused global cooling and the abrupt formation of the Antarctic ice sheet. It will provide scientists insight into the climate change implications of current rising global CO2 levels. In a paper published today in Nature, Matthew Huber of the UNH Institute for the Study of Earth, Oceans, and Space and department of Earth sciences provides evidence that the long-held, prevailing theory known as “Southern Ocean gateway opening” is not the best explanation for the climate shift that occurred during the Eocene-Oligocene transition when Earth’s polar regions were ice-free. “The Eocene-Oligocene transition was a major event in the history of the planet and our results really flip the …

    July 31, 2014 8:28 am
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Health

  • AstraZeneca steps up push into cancer immunotherapy


    LONDON (Reuters) – AstraZeneca is accelerating its push into cancer immunotherapy, with plans to test a key experimental drug in new tumor types. The company is seen as No. 4 in a race to develop the first drug in a new class that fights cancer by unleashing the body’s immune system, behind rivals Roche, Merck Co and Bristol-Myers Squibb. But its MEDI4736 medicine is still viewed as a highly promising agent, both on its own and in combination with other treatments. AstraZeneca said on Thursday it would launch a pivotal clinical trial program with MEDI4736 in head and neck cancer this year, in addition to ongoing tests in lung cancer, and was also looking at expanding tests into other cancer types. “There is the potential we would announce an additional tumor type beyond head and neck and non-small cell lung cancer by the end of this year,” head of medicines development Briggs Morrison told analysts …

    July 31, 2014 8:07 am
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Entertainment

  • Zoe Saldana Bares Her Baby Bump In A Tight Black Dress For


    Posted on Wed Jul 30th, 2014 1:45pm PDT On Wednesday Zoe Saldana made an appearance on The Late Show With David Letterman, and though she’s slammed the press for covering her pregnancy (last week she tweeted, “I would like to thank all the f*cking media for invading our privacy”), she was more than happy to show off her growing baby bump in a tight black dress. Funny how that works… Zoe is currently promoting her new film Guardians of the Galaxy, and the actress, who plays superhero Gamora in the Marvel movie, said in a recent interview that she’s tired of being typecast as “the strong woman.” Zoe told Den of Geek, “It bothers me that I’m always told that I do strong female characters … It’s because we don’t really know women. We don’t write women accurately. We don’t see women the way that we should see women as a society, as a human …

    July 31, 2014 6:47 am
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Editorial

  • WWI, the not-so-great war


    Actors dressed as Russian soldiers take part in the re-enactment of the 1914 Battle of Tannenberg in Szkotowo, Poland, Sunday, July 27, 2014, marking the 100th anniversary of the beginning of World War I. (AP Photo/Alik Keplicz) NEWBURY, England –  World War I began, as most wars do, with patriotic fervor and predictions of a quick end. It lasted four years. While the match igniting the “war to end all wars” was lit by the assassination of Austria’s Archduke Ferdinand on June 28, 1914, formal declarations of war occurred 100 years ago on July 28 (Austria declares war on Serbia) and Aug. 1 (Germany declares war on Russia, and Russia on Germany). Aug. 1, 1914, will be commemorated Sunday at a charity event to benefit current British war veterans at Highclere Castle, the site of the PBS series “Downton Abbey.” ADVERTISEMENT ADVERTISEMENT The observance will begin with a worship service led by the former Archbishop …

    July 31, 2014 8:07 am
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Odd News

  • Family finds 300-year-old sunken treasure off Florida’s east coast


    ORLANDO Fla. (Reuters) – A Florida family scavenging for sunken treasure on a shipwreck has found the missing piece of a 300-year-old gold filigree necklace sacred to Spanish priests, officials said on Tuesday. Eric Schmitt, a professional salvager, was scavenging with his parents when he found the crumpled, square-shaped ornament on a leisure trip to hunt for artifacts in the wreckage of a convoy of 11 ships that sank in 1715 during a hurricane off central Florida’s east coast. After the discovery last month, a team of Spanish historians realized the piece fit together with another artifact recovered 25 years ago. It formed an accessory called a pyx, worn on a chain around a high priest’s neck to carry the communion host. The dollar value is uncertain. “It’s priceless, unique, one of a kind,” said Brent Brisben, operations manager for 1715 Fleet – Queens Jewels, which owns rights to the wreckage, located in 15-foot (4.5-meter) …

    July 30, 2014 12:06 pm
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