4 February 2013 Last updated at 07:23 ETCentrica has withdrawn from the UK’s nuclear re-building programme because of increasing costs and delays.The move further reduces the involvement of UK companies in the massive nuclear project.Centrica, which owns British Gas, had the option of taking a 20% stake in four new reactors in a partnership with EDF, the French state-owned utility.Centrica said “the...
School turnarounds prompt community backlash
Label: WorldLOS ANGELES (AP) — The federal government’s push for drastic reforms at chronically low achieving schools has led to takeovers by charter operators, overhauls of staff and curriculum, and even school shutdowns across the country.It’s also generated a growing backlash among the mostly low-income, minority communities where some see the reforms as not only disruptive in struggling neighborhoods, but...
Wall Street opens lower after recent gains
Label: WorldNEW YORK (Reuters) - U.S. stocks opened lower on Monday, dipping after a recent rally that took the S&P 500 to a five-year high and the Dow to 14,000 for the first time since October 2007. The Dow Jones industrial average <.dji> was down 58.67 points, or 0.42 percent, at 13,951.12. The Standard & Poor's 500 Index <.spx> was down 6.84 points, or 0.45 percent, at 1,506.33....
Ravens edge 49ers 34-31 in electric Super Bowl
Label: TechnologyNEW ORLEANS (AP) — For a Super Bowl with so many story lines, this game came up with quite a twist.Try a blackout that turned a blowout into a shootout — capped by a brilliant defensive stand.The Baltimore Ravens survived a frenzied comeback by the San Francisco 49ers following a 34-minute delay in the third quarter for a power outage Sunday night, winning their second championship 34-31. Super Bowl...
Feb
03
Hillary: Secretary of empowerment
Label: LifestyleGirls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.STORY HIGHLIGHTSDonna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for presidentShe says as secretary she expanded foreign policy to include effect on regular people She says she was first secretary of state to focus on empowering women and girlsBrazile:...
NBC News President Capus to leave network
Label: Health(Reuters) – NBC News President Steve Capus will be leaving the network in the coming weeks after struggles at the unit, including lower ratings for its flagship morning TV show, “Today.”No replacement has been named for Capus, president of NBC News since 2005, according to a company memo obtained by Reuters. In a statement, Capus said it was “now time to head in a new direction.”Three sources close...
Ofgem wants ‘rogue’ broker powers
Label: Business3 February 2013 Last updated at 07:49 ETEnergy regulator Ofgem is urging the government to give it the power to protect firms from what it calls rogue brokers, mis-selling energy deals.Its research found that between 14% and 17% of businesses which had used brokers were not satisfied with them.They were concerned about cold calling, high-pressure sales tactics and unprofessional behaviour from brokers.Citizens...
Report: German check bust man is ex-Iran bank head
Label: WorldBERLIN (AP) — The German newspaper Bild am Sonntag reports that a man caught last month trying to enter Germany with a check worth about $ 70 million was Iran’s former central bank chief.The weekly reports that customs officials at Duesseldorf airport found the check in Tahmasb Mazaheri’s luggage Jan. 21 upon his arrival from Turkey.German customs had issued a statement Friday saying a check for 300...
"Great Rotation"- A Wall Street fairy tale?
Label: WorldNEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights. That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January. Late-stage bull markets...
Super Bowl of firsts, lasts, bests
Label: TechnologyNEW ORLEANS (AP) — The journey to this Super Bowl wound through bounties and replacement refs, eventually bringing the big game back to the Big Easy — with a replacement quarterback, a sibling rivalry and a grand exit for one of the NFL's greatest players, clouded by the obscure healing powers of deer-antler spray.It is a Super Bowl of comebacks, of firsts and lasts, and — if San Francisco wins —...
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