Vine-ing Nemo! Six-second movies of the storm
Our friends at RebelMouse.com are curating Vines--short films made with Twitter's new video-sharing app--to capture this weekend's big northeast blizzard.By RebelMouse.com | Yahoo! News – Fri, Feb 8, 2013 4:51 PM EST
- Friend: Pistorius shot gun out of car and at cafe5 minutes ago
- Democrats clock all-nighter with climate talk27 minutes ago
- States wrestle with developing, restricting drones1 hour 58 minutes ago
- Canadian housing starts pick up again in Feb: CMHC
By Leah Schnurr TORONTO (Reuters) - Canadian housing starts rose more than expected in February, data released on Monday showed, but the modest increase did not sway economists' expectations that the country's housing market will cool this year. The seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, the Canada Mortgage and Housing Corp (CMHC) said. That topped expectations for an increase to 189,500. ...
- Mt. Gox files U.S. bankruptcy, opponents call it a ruse
Mt. Gox, once the world's largest bitcoin exchange, received U.S. bankruptcy protection on Monday to temporarily halt U.S. legal action against the Japanese company by traders who allege the operation was a fraud. Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt. Gox, which had filed for bankruptcy protection in Japan in February. Attorneys for Mt. Gox said without bankruptcy protection the company would be irreparably harmed by a proposed class action in Chicago federal court and a breach of contract case in Seattle federal court.
- Fannie, Freddie could send $179.2 billion to taxpayers: White House
By Margaret Chadbourn WASHINGTON (Reuters) - U.S. government-owned mortgage financiers Fannie Mae and Freddie Mac could send about $179.2 billion in profits to taxpayers over the next 10 years if the terms of their bailout remain intact, the White House budget office said on Monday. The amount is more than triple the estimated 10-year payments calculated last year in the White House budget proposal, driven by the companies' increased profitability. ...
- Boeing delays decision on 787-10 production site
By Harriet McLeod NORTH CHARLESTON, South Carolina (Reuters) - Boeing Co has delayed a decision on where it will build the 787-10, the newest version of its 787 Dreamliner, a spokeswoman confirmed on Monday. Jack Jones, vice president and general manager of Boeing South Carolina, said in December that an announcement on where the new high-tech plane would be assembled would come in the first quarter of this year. That decision has been delayed, Jones said, according to The Post and Courier in Charleston, South Carolina. Asked about the report, Boeing spokeswoman Candy Eslinger said, "We're just really weighing all of our options right now." A decision will be made this year, Eslinger said.
- U.S. judge says RBC liable in Rural/Metro buyout case
A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator. Bankers at RBC Capital Markets were so eager to collect higher fees that they convinced Rural/Metro directors to sell the company in June 2011 to private equity firm Warburg Pincus LLC at an unreasonably low $17.25 per share, wrote Vice Chancellor J. Travis Laster of the Delaware Chancery Court. Former Rural/Metro Corp shareholders are seeking about $172 million from Toronto-based RBC, representing the difference between the buyout price and what they believe the company was worth, according to published reports.
- Barrick to sell part of its stake in African Barrick
By Euan Rocha TORONTO (Reuters) - Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold . Toronto-based Barrick, which currently owns a roughly 303.25 million shares in African Barrick, is selling 41 million shares. The gold miner will still own a majority stake of just over 60 percent in the Africa-focused miner following the close of the transaction. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.
- Freescale loss in Malaysia tragedy leads to travel policy questions
By Noel Randewich SAN FRANCISCO (Reuters) - The loss of 20 key Freescale Semiconductor employees in the disappearance of a Malaysian airliner on Saturday raises questions about whether the company should have allowed so many of them to board the same plane, but security experts said that at big corporations it's hard to avoid. The disappearance of Malaysia Airlines' Flight MH370 about an hour into its journey to Beijing remained a mystery on Monday as a search orchestrated by 10 countries failed to find traces of the plane or the 239 people on board. It was a blow to Austin, Texas-based Freescale. The vanished employees were engineers or specialists involved in projects to streamline and cut costs at key manufacturing facilities in China and Malaysia.
- EBay rejects Icahn board nominees, asks investors to do same
EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting. Icahn, who owns just over 2 percent of the e-commerce company, has been pressuring eBay for weeks to spin off its PayPal payments business. He has also repeatedly accused eBay of poor corporate governance. The chairman of eBay's corporate governance and nominating committee, Richard Schlosberg III, said the board considered both but rejected them because "neither nominee has relevant experience or expertise." EBay said since each Icahn nominee currently sits on four public company boards, they are not in compliance with eBay's guidelines on "overboarding." EBay founder and Chairman Pierre Omidyar in a statement urged shareholders to support the company's slate, which includes Chief Executive John Donahoe.