Japan’s economy shrinks 3.5 percent in 3rd quarter

TOKYO (AP) — Japan‘s economy contracted in July-September, its first contraction in three quarters, foiling hopes for a rebound and signaling to many economists it may already be in recession.The minus 3.5 percent annual growth rate for the quarter reported Monday was in line with gloomy forecasts for the world’s third-largest economy, which has suffered...

Read More..

BBC must reform or die, says Trust chairman

LONDON (Reuters) – The BBC could be doomed unless it makes radical changes, the head of its governing trust said on Sunday, after its director general quit to take the blame for the airing of false child sex abuse allegations against a former politician.Chris Patten, chairman of the BBC Trust, said confidence had to be restored if the publicly funded corporation...

Read More..

HTC shares jump after settles patent issues with Apple

TAIPEI (Reuters) – Shares of HTC Corp jumped by their permitted daily limit on Monday after the Taiwanese smartphone maker announced a global patent settlement and 10-year licensing agreement with Apple Inc, allowing the struggling company to focus on product development.The settlement would give HTC a short-term boost, analysts suggested, but long-term...

Read More..

Justin Bieber and Selena Gomez have broken up, reports say

LOS ANGELES (Reuters) – Pop star Justin Bieber and his girlfriend, Selena Gomez, a Disney actress and singer, have broken up, ending a relationship that made them one of Hollywood’s most high-profile young couples, media reports said.Bieber, 18, and Gomez, 20, disclosed their relationship in February 2011 when they appeared together at an Oscar night party...

Read More..

Boehringer Ingelheim to start late-stage hepatitis C drug trial

BOSTON (Reuters) – Boehringer Ingelheim said on Saturday it plans to initiate a late-stage clinical trial of its experimental hepatitis C treatment following promising results from earlier studies.The company announced final data from a mid-stage trial of its treatment regimen which showed that 69 percent of patients in the study were free of the virus...

Read More..

Boehringer Ingelheim to start late-stage hepatitis C drug trial

BOSTON (Reuters) – Boehringer Ingelheim said on Saturday it plans to initiate a late-stage clinical trial of its experimental hepatitis C treatment following promising results from earlier studies.The company announced final data from a mid-stage trial of its treatment regimen which showed that 69 percent of patients in the study were free of the virus...

Read More..

The Workday After Tomorrow

What happens when business as usual is impossible? When millions in the Northeast lost power, cell service, Internet access, and running water due to Superstorm Sandy, companies scrambled to find the answer. Some improvised on the spot: Keith McNally’s New York City bistro Balthazar grilled steaks and served lobster on Prince Street, while Katz’s...

Read More..

Twin explosions strike southern Syrian city

BEIRUT (AP) — Syria‘s state-run news agency says two large explosions have struck the southern city of Daraa, causing multiple casualties and heavy material damage.SANA did not immediately give further information or say what the target of Saturday’s explosions was. The Britain-based Syrian Observatory for Human Rights...

Read More..

Ohio teen gets prison for life in Craigslist murders

AKRON, Ohio (Reuters) – Seventeen-year-old Brogan Rafferty was sentenced to life in prison without parole Friday for his role in the killing of three men, two of whom were lured by a Craigslist ad promising work on an Ohio farm.Rafferty was 16 when he was arrested in November 2011, but was tried as an adult. He was convicted late last month in the murders...

Read More..

Philip Roth says he’s done writing

NEW YORK (AP) — Exit, Philip Roth? Having conceived everything from turning into a breast to a polio epidemic in his native New Jersey, Roth has apparently given his imagination a rest.The 79-year-old novelist recently told a French publication, Les inRocks, that his 2010 release “Nemesis” would be his last. Spokeswoman Lori Glazer of Houghton Mifflin...

Read More..