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Oil prices drop on rising U.S. rig count, China stock market probe

Investors look at an electronic board showing stock information at a brokerage house in FuyangBy Henning Gloystein and and Keith Wallis SINGAPORE (Reuters) - Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. Front-month U.S. crude futures were trading at $56.70 per barrel at 0439 GMT, down 23 cents from their last settlement. U.S. shale producers have brought down the breakeven cost from $35 to $20 per barrel," ANZ bank said on Friday.


China points finger at 'manipulators', as stock market slides

An investor looks at information displayed on an electronic screen at a brokerage house in ShanghaiChinese stocks fell again on Friday, as the securities regulator said it was investigating suspected market manipulation amid increasingly desperate attempts by Beijing to head off a full-blown crash. A flurry of policy moves over the past week, including an interest rate cut and a relaxation of margin lending rules, have failed to arrest the sell-off, which has started to spill over into some commodities markets such as iron ore and steel. The Shanghai benchmark had slumped below 4,000 points on Thursday for the first time since April - a key support level that analysts had expected Beijing to defend.


Malaysia fund slams report $700 mln went to PM's personal account

Malaysia's Prime Minister Najib Razak , accompanied by his wife Rosmah Mansor, smiles before he boards to a Shinkansen bullet train bound for northern Japan, at Tokyo Station in TokyoBy Praveen Menon KUALA LUMPUR (Reuters) - Malaysia's 1MDB said on Friday it never provided any funds to Prime Minister Najib Razak, responding to a report that close to $700 million was wired into Najib's personal account from banks, government agencies and companies linked to the state fund. The Wall Street Journal report, if true, would be the first time that the beleaguered prime minister has been directly linked to accusations of corruption surrounding the troubled fund. A Malaysian government spokesman told the newspaper that the prime minister had not taken any funds for personal use.


Malaysia fund slams report $700 million went to PM's personal account

Malaysia's Prime Minister Najib Razak speaks during the opening ceremony of the 26th ASEAN Summit in Kuala Lumpur, MalaysiaBy Praveen Menon KUALA LUMPUR (Reuters) - Malaysia's 1MDB said on Friday it never provided any funds to Prime Minister Najib Razak, responding to a report that close to $700 million (448.55 million pounds) was wired into Najib's personal account from banks, government agencies and companies linked to the state fund. The Wall Street Journal report, if true, would be the first time that the beleaguered prime minister has been directly linked to accusations of corruption surrounding the troubled fund. A Malaysian government spokesman told the newspaper that the prime minister had not taken any funds for personal use.


Malaysia's 1MDB says did not provide any funds to PM Najib

KUALA LUMPUR (Reuters) - Malaysian state fund 1MDB said on Friday that it had not provided any money to Prime Minister Najib Razak, after a Wall Street Journal report claimed that close to $700 million was wired to his personal account from agencies, banks and companies linked to the fund. "In reference to media reports published earlier today, 1MDB wishes to make clear that the company has never provided any funds to the Prime Minister," the statement said. "To suggest otherwise, as some media outlets have done, is highly irresponsible and a deliberate attempt to undermine the company. ...

Wall Street banks stick with September lift-off for Fed, maybe - Reuters Poll

By Tariro Mzezewa NEW YORK (Reuters) - Wall Street's top banks still target September for the Federal Reserve to raise interest rates for the first time in nearly a decade, but their conviction on that has diminished notably in the last month thanks to inconsistent economic data and uncertainty about how the Greek debt crisis will play out. Senior economists at 16 of 20 U.S. primary dealers responding to a Reuters poll on Thursday said they expect the Fed to begin tightening monetary policy at its September meeting. Twenty of the 22 U.S. primary dealers, the banks authorized to transact directly with the Fed, responded to the survey, which was conducted following the latest nonfarm payrolls report from the U.S. Labor Department earlier on Thursday.

Dollar off after data, stocks flat; Greek vote eyed

U.S. 100 dollar notes are seen at a bank in this picture illustration in SeoulBy Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar index fell from a three-week high on Thursday as a weaker than expected U.S. payrolls report lowered chances of a U.S. interest rate hike come September, while Wall Street and world stock markets ended little changed after a volatile week. Bank shares were hit the most in New York on the expectation of lower rates for longer, while utilities, favored when Treasuries yield relatively low rates, outperformed. The effect on financial markets was viewed as mixed, with some analysts saying it will have little influence, though they acknowledge it is ultimately unknown.


Hedge funds see more demand fuelled by solid first half returns

By Svea Herbst-Bayliss and Nishant Kumar BOSTON/LONDON (Reuters) - Hedge funds will likely attract billions of dollars in new money in the next six months after posting solid returns in the first half even as Wall Street's sell-off, sparked by Greece's debt drama, took a bite out of some managers' June returns. Hedge funds that bet mainly on stocks could take in as much as $14 billion (9 billion pounds) in fresh cash in the second half, roughly double what came in during the first five months of the year, according to forecasts from industry research firm eVestment. "There are a lot of assets in play and what is driving these flows to hedge funds is a redistribution away from traditional exposures," said Peter Laurelli, eVestment's head of research.

Sanders Showing Some Mojo as He Moves Up on Clinton in Iowa

With the unkempt look of a college professor and his relentless attacks on Wall Street and the country’s wealthy elite, Vermont Senator Bernie Sanders has been drawing huge crowds across the country in his long-shot pursuit of the 2016 Democratic presidential nomination. Roughly 10,000 admirers turned out in the liberal college town to cheer Sanders on as he touted his progressive agenda of tuition-free college, a higher minimum wage, the breakup of big banks and economic equality for the middle class. The Washington Post reported that the rally was one in a series of events that the Sanders’ campaign has hosted in states with large numbers of progressive voters but that are not key to winning the Democratic nomination.

Wall Street Weekahead - Low earnings forecasts may mean profit beats, market boost

The New York Stock Exchange logo is displayed on a screen at the New York Stock Exchange in New YorkBy Caroline Valetkevitch NEW YORK (Reuters) - With analysts' expectations for second-quarter U.S. earnings at rock-bottom levels, many companies may well beat forecasts, possibly setting up the stock market for gains in the coming weeks. Analysts' estimates for second-quarter U.S. earnings have been dialed down sharply since the start of the year, amid concerns a strong dollar will crimp the profits of U.S. multinationals and expectations energy company earnings will drop for a third straight quarter because of low oil prices. With Alcoa set to kick off results season next week, investors are eyeing a 3-percent projected drop in benchmark S&P 500 earnings from a year ago, which would be the first profit decline since the third quarter of 2009, according to Thomson Reuters data.


Technology

Wearable technology struggles for consumer fit amid patent production boom - Washington Times


Washington Times

Wearable technology struggles for consumer fit amid patent production boom
Washington Times
“They are not really being widely used,” said Mr. Sun. “It takes time for technology to become marketable technology. One key reason is that developers have not developed a killer application for wearables. Most current wearables are working as ...

and more »

Pixar's John Lasseter: How Technology Has Affected the Evolution of Storytelling - TIME


TIME

Pixar's John Lasseter: How Technology Has Affected the Evolution of Storytelling
TIME
It is such an exciting time to be a filmmaker. I do not believe the notion that the cinema is dying or dead because it's amazing what technology can do to the cinematic storytelling. What's great about film is it constantly reinvents itself. It started ...

Share “OSU-IT's energy technology unit...” - NewsOK.com


Share “OSU-IT's energy technology unit...”
NewsOK.com
Oklahoma State University Institute of Technology has reorganized several energy programs into a School of Energy Technologies. Three programs at the university — Power Plant Technologies, Pipeline Integrity Technology and Natural Gas Compression ...

and more »

DARPA's digital co-pilot will "transform" pilots - CBS News


DARPA's digital co-pilot will "transform" pilots
CBS News
Up in the air, pilot Mark Ward is used to being at the controls, but now an experimental technology called Aircrew Labor In-Cockpit Automation System (ALIAS) is doing the flying for him, reports CBS News correspondent Kris Van Cleave. "In terms of the ...

Travel

The week's best travel deals from around the globe - Washington Post


The week's best travel deals from around the globe
Washington Post
Save hundreds on domestic and international packages booked by July 12 with Go Ahead Tours. For example, the Food and Wine: Southern Italy and Sicily tour departing Sept. 25 is $7,538 for two travelers (down from $8,528) and includes round-trip air ...

4th Of July Travel Deals 2015: 11 Cheap Weekend Getaways For Independence ... - International Business Times


International Business Times

4th Of July Travel Deals 2015: 11 Cheap Weekend Getaways For Independence ...
International Business Times
While the holiday is fast approaching, there are still many last-minute travel deals available. Fourth of July commemorates the day the Declaration of Independence, which stated the American colonies' intent to seek sovereignty from Great Britain, was ...

Insider Tricks to Plan a Cheap Last-Minute Summer Vacation - U.S. News & World Report (blog)


U.S. News & World Report (blog)

Insider Tricks to Plan a Cheap Last-Minute Summer Vacation
U.S. News & World Report (blog)
As you've surely heard (and noticed at the pump) gas is the cheapest it's been in years, meaning this summer is a great time to take that road trip you've been considering. Use Roadtrippers.com to find sample routes including suggested hotels ...

Last-minute travel tips for 4th of July weekend - AZFamily


AZFamily

Last-minute travel tips for 4th of July weekend
AZFamily
"If you do some research, you'll find a number of last-minute options for travel this holiday weekend," said Amy Moreno, senior marketing manager for AAA Arizona. "You're probably not going to get the best deal, but there are still some deals to be had.".
42 Million Americans to Travel During July Fourth Holiday, Most Since 2007World Property Journal

all 230 news articles »

Top stories of the hour


McConnell doubts Senate will confirm ambassador to Cuba
Fri, 03 Jul 2015 06:21:16 +0100

Train carrying toxic gas derails in Tennessee
Fri, 03 Jul 2015 06:21:16 +0100

TV news crews robbed of cameras during live broadcasts - VIDEO: MMA fighter tracks down thieves who robbed him
Fri, 03 Jul 2015 06:21:16 +0100

Australian rules football coach Phil Walsh dead following domestic dispute at home
Fri, 03 Jul 2015 06:21:16 +0100

'Old Ironsides' restoration salvages warship's storied history
Fri, 03 Jul 2015 06:21:16 +0100

Democrat Jim Webb joins 2016 White House race - Walker teases 2016 run on website - OPINION: How much longer can Hillary Clinton hide the truth?
Fri, 03 Jul 2015 06:21:16 +0100

Missouri high school to start freshman girl at quarterback
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Los Angeles district attorney declines to file charges against Diddy
Fri, 03 Jul 2015 06:21:16 +0100

Bodies of missing Arizona couple are believed found - Robber killed during shootout with ex-CNN anchor's husband at motel - VIDEO: Bodies believed to be missing Arizona couple discovered
Fri, 03 Jul 2015 06:21:16 +0100

Montana trio applies for wedding license
Fri, 03 Jul 2015 06:21:16 +0100

Former Boston Herald editor injured in North Carolina shark attack - Dolphin torpedoes family's boat, leading to bloody encounter, injuries - VIDEO: Shark bites, drags man under water in North Carolina
Fri, 03 Jul 2015 06:21:16 +0100

Fireworks-filled van explodes on Calif. highway
Fri, 03 Jul 2015 06:21:16 +0100

DC mansion murder suspect fires defense attorney
Fri, 03 Jul 2015 06:21:16 +0100

Connecticut mom balks when son's kindergarten application gets personal
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911 call sparks response at site of 2013 Navy Yard massacre - FLASHBACK: Gunman in 2013 shooting was suffering host of mental issues - FLASHBACK VIDEO: Timeline of horror in shooting
Fri, 03 Jul 2015 06:21:16 +0100

USDA launches Twitter campaign on safe grilling for July 4th
Fri, 03 Jul 2015 06:21:16 +0100

VIDEO: Vet swims Mississippi River for families of fallen troops
Fri, 03 Jul 2015 06:21:16 +0100

Pilot glides pig balloon down after crash at Utah festival
Fri, 03 Jul 2015 06:21:16 +0100

US unemployment falls to 7-year low, but wages are flat
Fri, 03 Jul 2015 06:21:16 +0100

Trump, Pataki get into Twitter row over Mexico remarks - NYC to review Trump contracts - VIDEO: Pataki says GOP candidates afraid to fight Trump - OPINION: Trump -- First Hispanic president
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1980s file shows plan for Hong Kong 'plantation' in Northern Ireland
Fri, 03 Jul 2015 06:21:16 +0100

NASCAR asks fans not to fly Confederate flag - Fort Sumter nixes all Confederate flags
Fri, 03 Jul 2015 06:21:16 +0100

Kentucky social worker fears for job after helping child no longer assigned to her
Fri, 03 Jul 2015 06:21:16 +0100

Gulf states reach $18.7B settlement with BP over oil spill - VIDEO: Gulf states reach $18.7B settlement over BP oil spill
Fri, 03 Jul 2015 06:21:16 +0100

STARNES: The real reason America is exceptional #ProudAmerican - VIDEO: The Common Man: A proud American
Fri, 03 Jul 2015 06:21:16 +0100

Sheriff's Office: Springfield man accused of murdering parents dies after ... - KVAL
Fri, 03 Jul 2015 06:15:59 +0100


KVAL

Sheriff's Office: Springfield man accused of murdering parents dies after ...
KVAL
EUGENE, Ore. -- An inmate lodged at Lane County Jail on aggravated murder charges has died after medical staff was unable to revive him following an attempted suicide, Lane County Sheriff's officials say. LCSO officials say 38-year-old Jeremy Daniel ...
Sheriff's officer: Man accused of killing parents kills selfKFOX El Paso
Sheriff's Office: Inmate jailed on murder charges dies after suicide attemptKMTR NewsSource 16

all 13 news articles »

'BLOWN AWAY' IT boss stunned that IRS erased tapes in Lerner case
Fri, 03 Jul 2015 05:45:38 +0100

TODD STARNES Bakers fined $135G for nixing gay wedding cake
Fri, 03 Jul 2015 05:45:38 +0100

LOST BOYS: Moms of radicalized Western jihadists unite to stop ISIS
Fri, 03 Jul 2015 05:45:38 +0100

GAS TAX REPLACEMENT Oregon launches program to tax drivers by the mile
Fri, 03 Jul 2015 05:45:38 +0100

NEED TO DO MORE? Experts criticize Obama's counterterrorism policy
Fri, 03 Jul 2015 05:45:38 +0100

Hispanic leaders say Republican Party must condemn Trump - New Zealand Herald
Fri, 03 Jul 2015 05:37:21 +0100


Los Angeles Times

Hispanic leaders say Republican Party must condemn Trump
New Zealand Herald
WASHINGTON (AP) " Hispanic leaders are warning of harm to Republican White House hopes unless the party's presidential contenders do more to condemn Donald Trump, a businessman turned presidential candidate who's refusing to apologize for calling ...
Presidential run may be one of Trump's costlier business decisionsLos Angeles Times
And Now, What Mexico Thinks of Donald TrumpNDTV
Donald Trump: A farce to be reckoned withWashington Post
Miami Herald -Christian Science Monitor -Hollywood Reporter
all 1,088 news articles »

Obama: Still More to be Done to Improve Economy - Voice of America
Fri, 03 Jul 2015 05:34:42 +0100


Voice of America

Obama: Still More to be Done to Improve Economy
Voice of America
President Barack Obama said the latest jobs report for the U.S. is "good," but there is still more work to do "get folks' wages and incomes to keep going up." The president said Thursday in remarks at the University of Wisconsin at La Crosse that while ...
Republican Governors Signal Their Intent to Thwart Obama's Climate RulesNew York Times
Obama warns against the 'you're-on-your-own economics' of 2016 Republican ...Los Angeles Times
Fifth Democrat elbows way into prez raceBoston Herald
Washington Post -USA TODAY -Huffington Post
all 455 news articles »

Air-strike kills IS group's 'emir of suicide bombers': Pentagon - Hindustan Times
Fri, 03 Jul 2015 05:27:00 +0100


Hindustan Times

Air-strike kills IS group's 'emir of suicide bombers': Pentagon
Hindustan Times
A high-ranking Islamic State leader who helped coordinate suicide bombings and raised funds and fighters for the jihadi group has been killed by a coalition air-strike in Syria, the Pentago revealed on Thursday. Tariq bin Tahar al-Awni al-Harzi was ...
US drone strike kills a senior Islamic State militant in SyriaWashington Post
Islamic State's 'emir of suicide bombers' killed in airstrikeThe Times (subscription)
Top ISIS leader killed in coalition airstrikeCNN
U.S. News & World Report -New York Times -The Daily Star
all 172 news articles »

Perry: GOP lost 'moral legitimacy' by dropping appeal to black voters - Dallas Morning News
Fri, 03 Jul 2015 05:04:00 +0100


U.S. News & World Report

Perry: GOP lost 'moral legitimacy' by dropping appeal to black voters
Dallas Morning News
Rick Perry extended an outstretched hand to black voters Thursday, criticizing his own party for championing states' rights while doing too little for civil rights. In a speech before the National Press Club in Washington, Perry appeared to ask for a ...
Rick Perry: Republicans must reach out to black votersCBS News
Rick Perry: It's the GOP's duty to reach out to black votersWashington Post (blog)
Perry says GOP ones offering hope for black familiesLubbockOnline.com
Reuters -CNN -TIME
all 105 news articles »

Health: For Some Veterans, A Popular Tradition Can Trigger Painful Memories - CBS Local
Fri, 03 Jul 2015 04:31:16 +0100


CBS Local

Health: For Some Veterans, A Popular Tradition Can Trigger Painful Memories
CBS Local
PHILADELPHIA (CBS) — Big Fourth of July festivities coming up this holiday weekend, but for some veterans a popular tradition can trigger painful memories. Health Reporter Stephanie Stahl explains how one group is trying to raise awareness about the ...
Some veterans struggle with fireworksNewsOK.com
Fireworks are not fun for everyoneConnectTriStates.com powered by KHQA
Fireworks can trigger PTSD symptoms for veteransMyFox Detroit
Toledo Blade -Siouxland News -WKSU News
all 375 news articles »

More tough talks ahead as US, Cuba seek to normalize relations - Miami Herald
Fri, 03 Jul 2015 02:36:27 +0100


The Guardian Nigeria

More tough talks ahead as US, Cuba seek to normalize relations
Miami Herald
July 20 is the date when the United States and Cuba officially restore diplomatic ties. But that moment, historic as it is after a break of more than five decades, doesn't mean the tough conversations are over. Full normalization between the two ...
VOX POPULI: Reconciliation a pearl of great price for Cuba, USAsahi Shimbun
Historic shiftChron.com
Cuba launches 1st public Wi-Fi hotspots on Havana avenueSTLtoday.com
Fox News -Reuters -Voice of America
all 381 news articles »

In uphill 2016 bid, Jim Webb brings conservative bent to Democratic field - Washington Post
Fri, 03 Jul 2015 02:07:30 +0100


ABC News

In uphill 2016 bid, Jim Webb brings conservative bent to Democratic field
Washington Post
Former Virginia senator Jim Webb announced Thursday that he will run for president, setting himself on an uphill trek for the Democratic nomination with little national name recognition and scant financial support. Webb adds a decidedly more ...
Jim Webb, Iraq war critic in Senate, running for presidentSTLtoday.com
Jim Webb declares 2106 presidential bidThe Daily Progress
Ex-Senator Jim Webb runs for White HouseSky News Australia
Ames Tribune -NDTV -Fredericksburg.com
all 440 news articles »

Navy Yard incident shows news travels fast, but rumors move faster - Washington Post
Fri, 03 Jul 2015 01:59:52 +0100


Navy Yard incident shows news travels fast, but rumors move faster
Washington Post
Facts are often the first casualty when news breaks. The confusion and speed of onrushing events can crimp the accuracy of the who, what and when of a story. But some news reports of a shooting at Washington's Navy Yard on Thursday didn't just blow the ...

and more »

Doc dies after 24-hour shift
Fri, 03 Jul 2015 01:31:37 +0100

Scott Eastwood rising
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Kim: I found Bruce dressing up
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This BBQ gets wild
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Miss Kansas: I can do anything
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Why on earth drink camel milk?
Fri, 03 Jul 2015 01:31:37 +0100

Hydrogen supercar?
Fri, 03 Jul 2015 01:31:37 +0100

Model linked to 5 murders?
Fri, 03 Jul 2015 01:31:37 +0100

'Magic Mike 2': Hot or not?
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Andie: Don't call me a cougar!
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Takei: Thomas a 'clown'
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Robot kills auto worker
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Air Force plans hypersonic jet
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What was Demi thinking?
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IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief - Wall Street Journal
Fri, 03 Jul 2015 00:50:16 +0100


Wall Street Journal

IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief
Wall Street Journal
The International Monetary Fund warned that Greece would need comprehensive debt relief and more than €60 billion ($66.6 billion) in new aid to return to financial health, raising the stakes in an already fraught Greek referendum over creditors ...
Greek debt crisis: IMF says another 52 billion euros in funding requiredABC Online
IMF: Greece needs 36 bn euros more from EUMoneycontrol.com
IMF warns of huge financial hole as Greek vote loomsReuters Africa
New York Times
all 391 news articles »

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