Top Stories

  • Pakistan raises $1.1 billion with 3G, 4G licence auction

    Pakistan raises $1.1 billion with 3G, 4G licence auction

    Pakistan on Wednesday raised more than $1.1 billion in its long-delayed auction of next-generation telecommunications licences, snapped up by the country's four existing mobile network providers. The government sold off four licences to provide 3G services, which allow broadband-speed internet on mobile phones, and one for superfast 4G connections. The total is close to the $1.2 billion estimated for the sale in the federal budget for 2013-14 but below a bullish prediction of $2 billion made by Finance Minister Ishaq Dar in January. The government of Prime Minister Nawaz Sharif was elected last year on a platform of boosting Pakistan's floundering economy and ministers hope the licence sale will bring a boost by improving communications. More »

    AFP News - 11 minutes ago
  • NYPD Twitter campaign backfires, thousands of negative tweets

    NYPD Twitter campaign backfires, thousands of negative tweets

    By Chris Francescani NEW YORK (Reuters) - A New York Police Department campaign to burnish its image via social media instead produced a flood of pictures of apparent police brutality and tweets critical of the force being shared at a rate of thousands an hour. Police Commissioner Bill Bratton said on Wednesday he would continue and expand the NYPD Twitter campaign a day after it backfired, triggering an outpouring of negative images including police violence at New York's Occupy Wall Street demonstrations, an NYPD officer pointing a gun at a dog, and an officer asleep in a subway car. "Most of those photos that I looked at are old news," said Bratton, appointed by Mayor Bill de Blasio to take over from Ray Kelly, who served for 12 years under de Blasio's predecessor, Michael Bloomberg. More »

    Reuters - 20 minutes ago
  • MTV Video Music Awards to return to Los Angeles

    MTV Video Music Awards to return to Los Angeles

    The annual MTV Video Music Awards, one of the music industry's top televised showcases, will return to Los Angeles this summer from New York City, the U.S. cable channel said on Wednesday. The show, popular among MTV's young viewers prized by advertisers, will take place on August 24, the day before TV's Emmy Awards, at the Forum in Inglewood, California, about eight miles southwest of downtown Los Angeles. The Video Music Awards, which hand out "Moonman" statuettes of an astronaut planting an MTV flag, can be crucial exposure for singers and bands and is best known for its unscripted and often provocative moments. And just as last year's show helped unveil the new Barclays Center in Brooklyn, this year's show will also help relaunch Madison Square Garden Co's recently renovated Forum, an arena which had been bypassed by major events since the Staples Center opened in downtown Los Angeles in 1998. More »

    Reuters - 38 minutes ago
  • Amazon's eroding tax advantage, bid to sustain growth in focus in first …

    Amazon's eroding tax advantage, bid to sustain growth in focus in first …

    By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales tax in more states, curtailing growth in its core business. Amazon, which has expanded aggressively into mobile devices and computing services to try to sustain its pace of growth, may lose customers to a growing crop of retail startups and major chains that had been slow to react but are now focusing on their own online commerce strategies, analysts say. ... More »

    Reuters - 39 minutes ago
  • Q&A: A French economist's grim view of wealth gap

    Q&A: A French economist's grim view of wealth gap

    NEW YORK (AP) — In a new book, Thomas Piketty, the French economist who helped popularize the notion of a privileged 1 percent, sounds a grim warning: The U.S. economy has begun to decay into the pattern of aristocratic Europe of the 19th century. Hard work will matter less, inherited wealth more. The fortunes of the few will unsettle the foundations of democracy. More »

    Associated Press - 40 minutes ago
  • US stocks edge lower after a six-day rise

    US stocks edge lower after a six-day rise

    NEW YORK (AP) — The stock market slipped Wednesday, after rising for six straight days, as investors worked through another round of quarterly earnings reports from U.S. companies. Intuitive Surgical was among those announcing disappointed results. A worse-than-expected report on the housing market also weighed on the broader market. More »

    Associated Press - 44 minutes ago
  • AT&T margin weakness fuels concern about U.S. cellular sector

    AT&T margin weakness fuels concern about U.S. cellular sector

    By Marina Lopes NEW YORK (Reuters) - Increasingly aggressive discounting is taking a toll on AT&T Inc and U.S. cellular rivals as they struggle to attract customers in a nearly saturated market. While recent price cuts by AT&T led to a surge in first-quarter subscriber adds that beat Wall Street expectations, average revenue per user fell, triggering a 3.2 percent share drop. Other wireless carriers' shares also declined, with T-Mobile US Inc, which has roiled the industry with a series of discounts and new pricing plans, down 2.8 percent. AT&T's result and the share fallout is the latest sign of how U.S. cellular phone providers, once seen as companies with strong growth potential, are having to resort to discounting in a bid to retain or lure clients. More »

    Reuters - 44 minutes ago
  • U.S. FCC to circulate new proposed net neutrality rules Thursday

    U.S. FCC to circulate new proposed net neutrality rules Thursday

    U.S. regulators on Thursday will begin to review the specifics of a new set of so-called "net neutrality" rules aimed at making certain that broadband providers do not slow down or block consumers' access to legal Internet content or applications. Federal Communications Commission Chairman Tom Wheeler on Wednesday said he plans to circulate his new proposal for the rules, expected to ensure that network operators disclose exactly how they manage Internet traffic and do not restrict consumers as they surf the Web. Wheeler has in the past indicated that the new net neutrality rules were not expected to address the issue of interconnectivity, or agreements in which content companies pay network providers for faster access to their sites or services. The issue of interconnectivity was recently brought into the spotlight by a tussle between video streaming service Netflix Inc and cable company Comcast Corp. The five-member regulatory commission may vote as soon as May to formally propose the rules and collect public comment on them. More »

    Reuters - 57 minutes ago
  • InBev says has bought Chinese brewer Siping Ginsber

    InBev says has bought Chinese brewer Siping Ginsber

    AB InBev, the world's biggest brewer, on Wednesday said it has acquired Chinese beer company Siping Ginsber in a deal that could make it the country's number three brewer. "We hereby confirm that Anheuser-Busch InBev has recently acquired the Siping Ginsber Draft Beer Co," In Bev said. The Siping Ginsber business, based in the northeastern province of Jilin, gives InBev about 13 percent of the Chinese market, which would make it the country's third-largest brewer. China is a key market for all the major brewers and InBev ranks the country alongside the United States, Brazil and Mexico as a key focus. More »

    AFP News - 1 hour 24 minutes ago
  • 'China to open new areas to private investors'

    'China to open new areas to private investors'

    China will launch 80 new pilot projects allowing private investment in areas previously dominated by state-run firms, official media reported on Wednesday. The report follows an earlier Communist Party pledge to let markets play a greater role in allocating capital, seen as a key step towards rebalancing the world's second-largest economy to ensure sustainable growth. The pilot projects cover areas including transport infrastructure, oil and gas pipelines, renewable energy and the coal, chemical and petrochemical sectors, Xinhua news agency reported, citing a meeting of the State Council, or cabinet. "The projects will be open to public bidding, and the government encourages the participation of private capital in the construction and operations of those projects." The Communist Party last year pledged to allow markets to play a "decisive" role in resource allocation, as the country's growth slows from the double-digit figures seen a few years ago. More »

    AFP News - 1 hour 32 minutes ago
  • IBM unveils new server model to tackle big data, analytics

    IBM unveils new server model to tackle big data, analytics

    By Marina Lopes NEW YORK (Reuters) - International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster than its closest competitor at analyzing data. The POWER8 servers, the product of a $2.4 billion, three-year investment, are part of the company's decade-long shift to higher-value hardware technology. IBM said the machines are 50 times faster than the low-end x86-based servers it sold to Chinese PC maker Lenovo Group Ltd in January. "For IBM customers in particular the POWER8 represents a generational jump forward so far as overall performance and system capacity goes," said Charles King, an analyst at Pund-IT in California. More »

    Reuters - 1 hour 37 minutes ago
  • Wellness programs grow more popular with employers

    Wellness programs grow more popular with employers

    That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul. More »

    Associated Press - 1 hour 39 minutes ago
  • Toyota sells record 10 million vehicles in year to March

    Toyota sells record 10 million vehicles in year to March

    Japan's Toyota, the world's biggest auto maker, sold more than 10 million vehicles in the year to March for the first time, it said Wednesday, with last-minute buying ahead of a sales tax increase at home helping it break the key level. Two weeks ago, Toyota recalled 6.39 million vehicles globally over a string of problems, dealing another blow to the automaker whose reputation for quality and safety has been dented after a handful of earlier recalls numbering in the millions over the past few years. More »

    AFP News - 1 hour 41 minutes ago
  • Greek milestone helps Europe put crisis in past

    Greek milestone helps Europe put crisis in past

    BRUSSELS (AP) — Europe's debt crisis is receding farther behind in the rear view mirror. More »

    Associated Press - 1 hour 41 minutes ago
  • Exclusive: Russia, China block C.African Republic blacklistings at U.N …

    Exclusive: Russia, China block C.African Republic blacklistings at U.N …

    By Louis Charbonneau and Michelle Nichols UNITED NATIONS (Reuters) - Russia and China have blocked a proposal by the United States and France to impose U.N. sanctions on Central African Republic's former President Francois Bozize and two other people linked to the conflict there, diplomats told Reuters on Wednesday. The proposal to sanction Bozize, in particular, was due to his "engaging in or providing support for acts that undermine the peace, stability or security of CAR," according to an eight-page letter to the U.N. Security Council's sanctions committee on Central African Republic, which was obtained by Reuters. The sanctioning of Bozize, who was ousted by predominantly Muslim Seleka rebels in March 2013, and two other individuals was to have taken effect on Tuesday, but first Russia and then China raised last-minute objections, diplomats said. More »

    Reuters - 1 hour 48 minutes ago
  • Happy Earth Day! The 8 Biggest Mysteries of Our Planet
    Happy Earth Day! The 8 Biggest Mysteries of Our Planet

    When the first Earth Day was held in 1970, geologists were still putting the finishing touches on plate tectonics, the model that explains how the Earth's surface takes shape. For today's Earth day, here are some of Earth's biggest unsolved mysteries. Scientists think Earth was a dry rock after it coalesced 4.5 billion years ago. But the beginnings of Earth's water are shrouded in mystery because so little rock evidence remains from this time period. …

  • Angel calls birthday boy Luis ‘amazing’
    Angel calls birthday boy Luis ‘amazing’

    [caption id="attachment_130927" align="alignright" width="300"] Angel Locsin and Luis Manzano (Instagram)[/caption] Angel Locsin is extra sweet to boyfriend Luis Manzano today, with the latter commemorating his 33rd birthday. The actress authorized Sagip Kapamilya Foundation to auction the 1970 Chevrolet Chevelle, which is her dream car. …

  • Miss America defends student suspended for asking her to prom
    Miss America defends student suspended for asking her to prom

    By Chris Francescani NEW YORK (Reuters) - Miss America has suggested officials at a Pennsylvania high school reconsider their decision to suspend a student for approaching her at a school assembly and asking her to be his prom date, the beauty queen said on Saturday. The disciplinary action taken by school administrators in York against the 18-year-old senior made national headlines, and generated sympathy for the young man on social media. A video of Central York High School senior Patrick …

  • Vatican dismisses criticism of John Paul II over abuses
    Vatican dismisses criticism of John Paul II over abuses

    The Vatican on Tuesday brushed off accusations that late pope John Paul II was aware of and ignored allegations about sexual abuse carried by the Mexican founder of a powerful Catholic movement. "There is no personal implication of the Holy Father in this affair," Vatican spokesman Federico Lombardi told a news conference on Sunday's ceremony to confer sainthood on popes John Paul II and John XXIII. The scandal over Marcial Maciel, who founded the Legion of Christ and was a serial predator, …

  • After Oppo, Here Comes Zopo
    After Oppo, Here Comes Zopo

    Oppo, a Chinese mobile phone brand, is bringing to the country the Find 7, Find 7a, Find 5 Mini, N1, R1, and the Neo. A few days after the brand’s launch, NOVO7Tech teased on its Facebook fan page the arrival of another Chinese label, Zopo Mobile. Based in Shenzhen, Zopo Mobile was established in 2012. …

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  • Currencies
    Currencies
    NamePriceChange% Chg
    44.7700+0.23+0.52%
    USDPHP=X
    35.6364+0.1694+0.48%
    SGDPHP=X
    61.8540+0.3687+0.60%
    EURPHP=X
    75.1084+0.1707+0.23%
    GBPPHP=X
    0.4373+0.0032+0.74%
    JPYPHP=X
    5.7748+0.0299+0.52%
    HKDPHP=X
    13.7100+0.0767+0.56%
    MYRPHP=X
    259.7726+1.1282+0.44%
    PHPIDR=X
    0.1393-0.0007-0.51%
    PHPCNY=X
    41.5553-0.1564-0.38%
    AUDPHP=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,284.10+3.00+0.23%
    GCM14.CMX
    19.42+0.05+0.28%
    SIK14.CMX
    93.59+2.53+2.78%
    ^XAU
    3.06+0.01+0.21%
    HGK14.CMX
    101.66-0.09-0.09%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.03
    ^FVX
    2.69-0.04
    ^TNX
    3.48-0.03
    ^TYX
  • What can void a new car warranty? James Deakin - Wheel Power
    What can void a new car warranty?

    "I was denied warranty once for changing my horn!" One very annoyed reader wrote. "I was told that placing a backup camera will void my warranty" said another. The others are best left in my private inbox as Yahoo! have a swear jar in the office that I do not feel like donating this week's pay to. Continue reading → …

  • Docu exposes destruction of PH marine resources VERA Files - The Inbox
    Docu exposes destruction of PH marine resources

    By Kiersnerr Gerwin B. Tacadena, VERA Files “Gutom (hunger),” Sen. Loren Legarda said is what’s in store for the Filipino people if destruction of the country's marine resources is not stopped. Legarda, chair of the Senate committee on Environment and Natural … Continue reading → …

  • ‘Yolanda’ fiberglass boats modern-day Noah’s ark VERA Files - The Inbox
    ‘Yolanda’ fiberglass boats modern-day Noah’s ark

    By Jane Dasal, VERA Files If you want to save the earth, build a boat. That's what a group of environmentalists is saying, especially if you want to save both the forests and fishermen affected by supertyphoon “Yolanda” (Haiyan). “Haiyan … Continue reading → …

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