• Best Buy closes Canada’s Future Shop

    Best Buy closes Canada’s Future Shop

    US consumer electronics chain Best Buy has announced that it is closing its Canadian subsidiary, Future Shop, and converting 65 of its 131 stores into Best Buy outlets. As a result of the move, 500...
  • Kerry stays on for more Iran talks

    John Kerry has had bilateral talks with his Iranian counterpart Mohammad Javad Zarif and is staying in Lausanne until the talks conclude US Secretary of State John Kerry has cancelled a planned return to the...
  • Stevens out of Malaysia race with fuel issue

    SEPANG, Malaysia (Reuters) – Manor Marussia withdrew British driver Will Stevens from the Malaysian Formula One Grand Prix just an hour before the start on Sunday due to a fuel system problem. “Sadly Will is...
  • Germanwings crash compensation: What we know

    Germanwings crash compensation: What we know

    Lufthansa and its insurers have begun the grim task of working out how to compensate families of the victims of this week’s Germanwings plane crash. Lufthansa’s main insurer Allianz (AZSEY), together with co-insurers, will be...
  • Kerry orders probe of U.S. State Department email procedures

    WASHINGTON (Reuters) – U.S. Secretary of State John Kerry has asked the department’s inspector general to look into procedures for handling emails by State Department employees, the department said on Friday. State Department spokesman Jeff...

Headline News

  • Best Buy closes Canada’s Future Shop


    US consumer electronics chain Best Buy has announced that it is closing its Canadian subsidiary, Future Shop, and converting 65 of its 131 stores into Best Buy outlets. As a result of the move, 500 full-time jobs and 1,000 part-time jobs will go, the retailer said. Future Shop, Canada’s biggest electronics brand, had been owned by Best Buy since 2001. After the changeover is completed, Best Buy will have 192 Canadian stores. Best Buy said it would be investing C$200m (£106.5m; $158m) in its operations there over the next two years. There would also be restructuring costs of at least C$200m, it added. Analysts say the move will rationalise Best Buy’s offer in Canada and get rid of duplication. Best Buy and Future Shop outlets are often found in close proximity, they say. Other observers took a mixed view of the development. “Best Buy may now be the ‘de facto’ big-box tech store in North …

    March 29, 2015 3:58 am
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Politics

  • Kerry orders probe of U.S. State Department email procedures


    WASHINGTON (Reuters) – U.S. Secretary of State John Kerry has asked the department’s inspector general to look into procedures for handling emails by State Department employees, the department said on Friday. State Department spokesman Jeff Rathke said the move was not specifically to investigate the handling of emails by Hillary Clinton when she was secretary of state. Clinton has been criticized for using personal email for government business when she led the department from 2009 to 2013, causing a controversy as she prepares to launch a bid for the Democratic U.S. presidential nomination in 2016. Kerry asked for an overall review of State Department efforts to improve records management, including email archiving and responding to Freedom of Information Act and congressional inquiries, Rathke said. Kerry’s letter, sent on Wednesday, said the State Department should “adapt our systems and policies to keep pace with changes in technology and the way our personnel work,” Rathke said. “This …

    March 29, 2015 2:58 am
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Stocks

  • Germanwings crash compensation: What we know


    Lufthansa and its insurers have begun the grim task of working out how to compensate families of the victims of this week’s Germanwings plane crash. Lufthansa’s main insurer Allianz (AZSEY), together with co-insurers, will be responsible for a variety of payments. Among them: costs associated with the recovery of the bodies and debris, as well as compensation for the victims’ families. It’s still early days and many questions remain about the disaster that claimed 150 lives, but one aviation lawyer estimates the total bill for the crash of Germanwings flight 9525 could top $1 billion. And costs could climb further if criminal charges are brought against the airline. Here’s what to expect: A long wait for the families James Healy-Pratt, a partner and head of aviation at Stewarts Law in London, told CNNMoney he expects the insurers will set aside roughly $350 million to compensate families. The vast majority of claims are likely to be …

    March 29, 2015 3:17 am
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Sports

  • Stevens out of Malaysia race with fuel issue


    SEPANG, Malaysia (Reuters) – Manor Marussia withdrew British driver Will Stevens from the Malaysian Formula One Grand Prix just an hour before the start on Sunday due to a fuel system problem. “Sadly Will is unable to start today’s race as we have not been able to get on top of the fuel system problem from yesterday,” the team said on Twitter. The team, who emerged from administration only last month, failed to turn a wheel in the Australian season-opener in Melbourne two weeks ago but Stevens and Spanish team mate Roberto Merhi finally made it on track in Malaysia. Both cars were well off the pace in practice and Stevens was unable to participate in qualifying on Saturday due to the problem that ultimately prevented him from racing. Despite failing to clock times within 107 percent of the fastest car in the first phase of qualifying, both Merhi, who will start 19th and last …

    March 29, 2015 3:57 am
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World News

  • Kerry stays on for more Iran talks


    John Kerry has had bilateral talks with his Iranian counterpart Mohammad Javad Zarif and is staying in Lausanne until the talks conclude US Secretary of State John Kerry has cancelled a planned return to the US to stay in Switzerland as the Iran nuclear talks approach their deadline. The State Department confirmed that Mr Kerry would be staying in Lausanne for more talks. Foreign ministers from six world powers are trying to reach a deal with Iran to restrict its nuclear programme in return for an easing of sanctions. They are working towards a self-imposed deadline of 31 March. Mr Kerry had been looking forward to attending an event to honour his late Senate colleague Edward Kennedy, but had decided to stay at the ongoing talks with Iran in Switzerland, the State Department said. Iranian Foreign Minister Mohammad Javad Zarif (L) has held preliminary talks with the US At the talks in Lausanne, Mr Kerry …

    March 29, 2015 3:57 am
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Technology

  • Mercedes-Benz SL400: car review


    Price £72,500MPG 36.7Top speed 155mph Rather amazingly the Mercedes-Benz SL400 is an entry-level model. It costs £72,500, which is almost three times the price of the average new car in Britain today (£28,973). However, it is still a good £10,000 cheaper than its near identical sister, the SL500 – the car which is one step above it in the Mercedes-Benz “pyramid of greatness”, as Ron Swanson would say. The SL500 has a V8 rather than a V6 engine, and those two extra cylinders will vroooooom it to 62mph in 4.6 seconds rather than the slovenly 5.2 seconds of the V6. If time is money, that half-second could be the most expensive you ever buy. As the two cars are indistinguishable in all respects other than the size of their engines, opting for the “budget Benz” is also the fastest way you’ll find to save money – £10k in 0.5 seconds. And that certainly beats stealing …

    March 29, 2015 2:37 am
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Science

  • The brain in the supermarket


    Say you’re out shopping for basic household goods — perhaps orange juice and soup. Or light bulbs. Or diapers for your young child. How do you choose the products you buy? Is it a complicated decision, or a simple one? It could be complex: Factors like price, quality, and brand loyalty may run through your mind. Indeed, some scholars have developed complicated models of consumer decision-making, in which people accumulate substantial product knowledge, then weigh that knowledge against the opportunity to explore less-known products. But in a new paper, MIT researchers suggest that your brain is making a simpler calculation when you shop: You are most likely deploying an “index strategy,” a straightforward ranking of products. It may not be an absolutely perfect calculation, given all the available information, but the study suggests that an index strategy comes very close to being optimal, and is a far easier way for consumers to make their choices. …

    March 29, 2015 2:57 am
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Health

  • Stiff Shoulder No Reason to Delay Rotator Cuff Surgery: Study


    SATURDAY, March 28, 2015 (HealthDay News) — It may not be necessary to delay rotator cuff surgery in patients with shoulder stiffness, a new study suggests. Researchers compared 170 people who had rotator cuff surgery with 25 people who underwent a glenohumeral joint capsule release procedure to relieve shoulder stiffness at the same time they had rotator cuff surgery. Rotator cuff surgery is done to repair a torn tendon in the shoulder. A glenohumeral joint capsule release involves arthroscopic manipulation of a patient’s shoulder while under anesthesia. “Physicians may be inclined to postpone surgery on patients with shoulder stiffness, but our research suggests that may not be the best treatment approach,” study author Jordan McGrath, of St. George Hospital in Sydney, Australia, said in a news release from the American Orthopaedic Society for Sports Medicine. In the study, both groups of patients had major improvements in their range of shoulder motion, function and pain after …

    March 29, 2015 2:58 am
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Entertainment

  • Justin Bieber Takes His Red Ferrari To The Dance Studio


    Posted on Sat Mar 28th, 2015 8:00am PDT       By X17 Staff From racing around town in his sexy whip to shaking his body at the dance studio, Justin Bieber had quite the busy Friday! The 21-year-old pop superstar hit the studio in the late morning, and he later posted a video of his rehearsal. Not only is he shirtless, but we’re quite impressed with the way he moves his hot bod! Bieber may have received some criticism for his recent Men’s Health cover (not from us though!), and last month he took to Instagram to silence the haters who were claiming that the pictures were enhanced. “I love the fact that I got in shape the past two years and I’m finally getting the recognition for it,” Bieber said at the time. “It’s not Photoshopped for all you fools out there saying it’s Photoshopped.” Hey, we believe him — and we can’t get enough of the …

    March 29, 2015 3:18 am
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Editorial

  • America in the 21st Century: Time to renew the call for national service


     (AP) FILE — Monday, May 28, 2012: Austin Bunyard, 5, squints in the bright sun as he watches veterans salute the American flag during a Memorial Day ceremony on the Rock Island Arsenal in Rock Island, Ill. ((AP Photo/The Dispatch, Paul Colletti)) The yelling began the instant the doors closed on the buses taking me and the two hundred other draftees from Nassau County Long Island to Fort Hamilton in Brooklyn to be inducted into the army.    Yelling is the primary form of communication used in the first two months of service.  I was now under the rule of the unified code of military justice, and there was no such thing as “I quit” or “I’m not doing that” without dire consequences involving words like “imprisonment” and “hard labor”.  It was November of 1966, and whatever coddled innocence that was bestowed upon me by loving parents was soon gone along with my hair, clothes, privacy, …

    March 29, 2015 2:58 am
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Odd News

  • Daughter bests father in feud at Japan shareholder’s meeting


    TOKYO (Reuters) – A rare family feud erupted in a Japanese shareholders meeting on Friday, when the chief executive of Otsuka Kagu Ltd defeated her father’s attempt to oust her, vowing to push ahead with her plan to take the furniture retailer more mass-market. “I am sorry that things have come to this,” Kumiko Otsuka, 47, coolly told shareholders in the meeting, in which she instructed her father, company founder and chairman Katsuhisa Otsuka, and her mother to identify themselves by name and shareholder number. The daughter overcame the chairman’s challenge by an undisclosed majority vote. “I had five children,” the father said from the audience as he pleaded with shareholders to back his return as CEO. “Kumiko was the first and she was a difficult birth.” Kumiko’s mother also gave a rambling speech criticizing the CEO, until another shareholder yelled at her to stop. The Otsuka family showdown – virtually unheard of in Japan’s …

    March 27, 2015 10:40 am
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