• Alibaba IPO means a big payday for Jack Ma

    Alibaba IPO means a big payday for Jack Ma

      Alibaba co-founder Jack Ma’s wallet is going to be a lot fatter after his company goes public this week in New York. Ma is selling 12.75 million shares in Alibaba’s IPO, bringing in as...
  • Jacklin urges McGinley to go with gut instincts

    LONDON (Reuters) – Tony Jacklin, the most decorated European Ryder Cup captain of all time, has urged Paul McGinley to go with his gut instincts when the Irishman leads the holders into battle against the...
  • Australia launches anti-terror raids

    Australia launches anti-terror raids

    18 September 2014 Last updated at 02:52 Please turn on JavaScript. Media requires JavaScript to play. Andrew Colvin: The operation was about “police disrupting potential for violence against the community” Australian police have made 15...
  • NFL rocked by new violence arrest

    NFL rocked by new violence arrest

    18 September 2014 Last updated at 02:41 Dwyer has been dropped from this week’s game after assault charges Jonathan Dwyer of the Arizona Cardinals has been arrested on suspicion of domestic violence, police have said....
  • Cards RB Dwyer arrested, deactivated

    Phoenix, AZ (SportsNetwork.com) – Arizona Cardinals running back Jonathan Dwyer was arrested on multiple assault charges Wednesday and police said his alleged victims included a 27-year-old woman and Dwyer’s 18-month old child. According to a...

Headline News

  • South Carolina father accused of killing kids feared them: report


    CHARLESTON S.C. (Reuters) – The man accused of killing his five children in South Carolina and dumping their bodies in Alabama feared that they were going to chop him up and feed him to the dogs, a local television station reported, citing arrest records. Timothy Ray Jones Jr., 32, is being held in South Carolina on murder charges after he allegedly killed his children, ages 1 to 8, and then drove their bodies through five states before dumping them in Alabama, according to authorities. “Jones stated that he believed the children were going to kill him, chop him up and feed him to the dogs,” an affidavit supporting a Lexington County Sheriff’s Department warrant said, reported WIS-TV, an NBC affiliate in Columbia, South Carolina. Jones was arrested in Mississippi on Sept. 6 on unrelated charges and led police to the children’s bodies, which he had wrapped in trash bags, authorities said. Jones, who worked for …

    September 17, 2014 9:59 pm
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Politics

  • Biden apologizes for ‘Shylocks’ gaffe, visits Iowa


    DES MOINES (Reuters) – Vice President Joe Biden apologized on Wednesday for referring to people who squeeze U.S. military personnel serving overseas on loans and other financial issues as “Shylocks,” a reference to a stereotypical Jewish character in Shakespeare. Biden apologized for having used the term during a speech on Tuesday in Washington, calling it a “poor choice of words.” His remark had drawn a rebuke from the Anti-Defamation League. The group thanked Biden for the apology on Wednesday. Shylock is the Jewish moneylender in the William Shakespeare play ‘The Merchant of Venice’ who demands a pound of flesh from a merchant after he defaults on a debt. “Clearly there was no ill-intent here, but Joe and I agreed that perhaps he needs to bone up on his Shakespeare,” ADL National Director Abraham Foxman said after talking to Biden by telephone. The controversy came as Biden made a trip to Iowa in what political analysts …

    September 17, 2014 7:18 pm
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Stocks

  • Alibaba IPO means a big payday for Jack Ma


      Alibaba co-founder Jack Ma’s wallet is going to be a lot fatter after his company goes public this week in New York. Ma is selling 12.75 million shares in Alibaba’s IPO, bringing in as much as $867 million if they are priced at the top of the target range of $66 to $68. That’s no mean way for the Chinese entrepreneur to ring in his 50th birthday, celebrated just a few days ago on Sept. 10. Ma’s remaining 7.8% stake in the company is estimated to be worth about $13 billion. The deal values Alibaba (BABA) itself at $163 billion, slightly bigger than Amazon (AMZN, Tech30). Alibaba’s executive vice chairman Joe Tsai is also selling shares in the IPO that will net him as much as $289 million. His remaining stake in the company is estimated to be worth as much as $5.4 billion. Related: Meet four kings of Alibaba’s online retail empire Ma …

    September 17, 2014 10:21 pm
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Sports

  • Jacklin urges McGinley to go with gut instincts


    LONDON (Reuters) – Tony Jacklin, the most decorated European Ryder Cup captain of all time, has urged Paul McGinley to go with his gut instincts when the Irishman leads the holders into battle against the U.S. at Gleneagles later this month. Jacklin was an inspirational general between 1983-89, winning two and tying one of his four matches in charge as Europe ended a 28-year American stranglehold on the biennial team event. “Be true to yourself, go with your hunches, that would be my advice to Paul,” the 70-year-old Englishman told Reuters in an interview ahead of the 40th Ryder Cup that will be staged in Scotland from Sept. 26-28. “Don’t be afraid to rock the boat if that’s what you feel. You’ve got to keep tabs on everybody, be everyone’s best pal, but when you get a gut instinct on things you’ve got to have the courage to work on it. “Paul is going to …

    September 17, 2014 9:59 pm
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World News

  • CEOs earn 63 times more than average workers but gap has narrowed


    The gap between Australia’s highest paid chief executives and the rest of the workforce is narrowing, but they are still earning 63 times more than the average worker, a study shows. The average total pay for chief executives in Australia’s top listed companies has hit $4.84m, according to the Australian Council of Superannuation Investors (ACSI) annual survey of pay at the country’s top 100 companies. However, because average overall earnings have increased at a higher rate, the comparison with the wider workforce is at its lowest level in a decade. The survey of chief executive pay found the average for 2013 was 33% below the peak in 2007, when it was 94 times average earnings. The highest paid boss was Brian McNamee of blood products and vaccines maker CSL, with $19.1m. He was followed by Peter and Steve Lowy of the Westfield Group with $18.4m, ANZ’s Mike Smith with $10.1m, Rio Tinto’s Sam Walsh with …

    September 17, 2014 9:59 pm
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Technology

  • Glimpse at the high street 2020


    Firms, such as Magic Mirror, are developing virtual mirrors which allow people to try on clothes via a projected image of themselves on screen. Body sensors map their shape and virtual clothes can be added via a touchscreen. Meanwhile US men’s clothing store Hointer already offers shoppers the chance to scan the QR code on a clothes label, pick the size via an app and the chosen item will drop into a chute in a changing room, speeding up the process of shopping.

    September 17, 2014 7:18 pm
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Science

  • Hubble Helps Find Smallest Known Galaxy Containing a Supermassive Black Hole


    [image-36]Astronomers using data from NASA’s Hubble Space Telescope and ground observation have found an unlikely object in an improbable place — a monster black hole lurking inside one of the tiniest galaxies ever known. The black hole is five times the mass of the one at the center of our Milky Way galaxy. It is inside one of the densest galaxies known to date — the M60-UCD1 dwarf galaxy that crams 140 million stars within a diameter of about 300 light-years, which is only 1/500th of our galaxy’s diameter. If you lived inside this dwarf galaxy, the night sky would dazzle with at least 1 million stars visible to the naked eye. Our nighttime sky as seen from Earth’s surface shows 4,000 stars. The finding implies there are many other compact galaxies in the universe that contain supermassive black holes. The observation also suggests dwarf galaxies may actually be the stripped remnants of larger galaxies …

    September 17, 2014 7:39 pm
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Health

  • GSK melanoma pill backed by UK cost watchdog with price cut


    LONDON (Reuters) – Britain’s healthcare cost agency NICE has recommended a third new drug for melanoma, this time from GlaxoSmithKline, after the drugmaker offered to supply it at a discount to the state-run National Health Service. GSK currently markets Tafinlar but the product will soon transfer to Novartis under a deal between the two companies to trade assets. Tafinlar is an oral medicine that works in a similar way to Roche’s already recommended drug Zelboraf. Both target a specific gene mutation linked to around half of aggressive melanomas. The drugs have produced remarkable results in shrinking tumors in clinical trials, although cancers typically become resistant to treatment within a year. The National Institute for Health and Care Excellence (NICE) said on Thursday it had fast-tracked its recommendation for Tafinlar to the final draft stage in order to speed up access to the treatment. The recommendation is conditional on GSK supplying the drug to the state …

    September 17, 2014 7:18 pm
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Entertainment

  • The guest of honor at George Clooney’s wedding? Tequila


    George Clooney to be honored at the Golden Globes As it turns out, the groom-to-be has a good buddy in the tequila biz: Rande Gerber, who founded Casamigos Tequila. People reports that Clooney and his fiancée, British human rights lawyer, Amal Alamuddin, are good friends of Gerber and his wife, model Cindy Crawford. The pair of couples spent the holiday season together in Los Cabos, Mexico, last year and, when Clooney and Alamuddin officially decided to tie the knot, they celebrated their engagement with a party at Cafe Habana, a business owned by Gerber in Malibu. And now, People also reports that Gerber is helping Clooney and Alamuddin prepare for the big day — by reportedly loading 100 cases of his award-winning blanco, reposado and añejo tequila onto a jet bound for Italy, where the wedding will take place. Yes, you read that right. One hundred cases. One. Hundred. Cases. George Clooney’s love story gives …

    September 17, 2014 8:59 pm
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Editorial

  • Did Vikings star Adrian Peterson cross the corporal punishment line?


    The pictures are damning. Emotionally and legally. Open wounds from lacerations on the thighs. Bruises on the lower back and buttocks. Cuts on the hands as a 4-year old boy, apparently, tried in vain to stop the beating. Defensive wounds. If this case ever gets in front of a jury –and it likely will not– these chilling photographs may well convict Adrian Peterson, the Minnesota Vikings star running back. ADVERTISEMENT ADVERTISEMENT Peterson’s lawyer claims his client never intended to harm his son. But intent, while relevant, is not a complete defense. Under Texas law, Peterson could be found guilty of the charge of “reckless or negligent injury of a child” if he either knew or should have known that his actions posed a substantial and unreasonable risk of harm. Look at the photos and then ask yourself: how could anyone not know? Peterson reportedly struck his son repeatedly with a tree branch and a belt. …

    September 17, 2014 7:18 pm
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Odd News

  • Florida city reverses ban on saggy pants that threatened jail time


    ORLANDO Fla. (Reuters) – Saggy pants are a fashion choice and not a police concern, a Florida city has decided, rescinding a two-month-old ban that threatened jail time for styles intentionally exposing underwear or buttocks. Responding to criticism of a law seen as targeting young black males, the Ocala city council voted 4-1 on Tuesday to rescind the ban it had approved in July. “Putting someone in jail for 60 days and fining them $500 for wearing their pants two inches below their natural waistline, wherever that is, that’s not smart justice,” said Kent Guinn, mayor of Ocala, which is 80 miles northwest of Orlando in central Florida. No one was fined or jailed for wearing saggy pants in Ocala, which had joined several U.S. cities prohibiting or campaigning against what many defend as a fashion statement. The saggy pants style has been embraced by popular music culture and spread among young people. The Ocala …

    September 17, 2014 3:35 pm
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