China November inflation bounces off 33-month lows












BEIJING (Reuters) – China‘s annual consumer inflation rebounded from 33-month lows to 2 percent in November, dimming the chance for more monetary policy easing as its economy recovers.


Sunday’s data missed analysts’ expectations for November inflation to quicken to five-month highs of 2.1 percent from October’s 1.7 percent. Food was the key driver of consumer prices last month, with vegetable prices jumping 11.3 percent.












“We expect consumer inflation to not see a big rebound until the first quarter of next year,” said Jiang Chao, an analyst at Guotai Junan Securities in Shanghai.


“Therefore, the central bank may stick to its current policy stance and we see little chance of further (policy) loosening towards the year end.”


Rebounding price pressures underscore signs that the world’s second-biggest economy is turning the corner after a protracted cooldown and will prompt the central bank to focus on containing inflation risks, a policy priority in normal times.


As China’s economy breaks away from central planning and as wages rise on average at least 10 percent each year, the central bank has warned inflation will be the biggest long-term risk, a point reiterated by Governor Zhou Xiaochuan last month.


November’s data showed price momentum was gathering even in factories.


Factory-gate prices fell 2.2 percent in November from a year earlier, easing from October’s 2.8 percent annual drop and boding well for firms struggling with falling profits. Analysts had forecast producer price deflation of 2 percent.


China’s producer prices have dropped for nine straight months in reflection of an economic downturn stretching seven consecutive quarters on the back of wilting export growth and lethargic domestic demand.


Economic growth hit a low of 7.4 percent between July and September and is poised for the weakest annual showing this year since 1999.


But things are looking up due in part to policy easing by the central bank, and analysts expect a raft of data due at 0530 GMT to show the economy gained steam in November.


China’s central bank cut interest rates twice in June and July and lowered banks’ reserve requirement ratio (RRR) three times since late 2011, freeing an estimated 1.2 trillion yuan ($ 193 billion) for boosting loans.


But it has not cut interest rates or RRR since July and has instead added short-term cash to the banking system through open market operations, a move analysts say underlines its worries about consumer and property price inflation.


(Reporting by Aileen Wang and Koh Gui Qing; Editing by Paul Tait)


Business News Headlines – Yahoo! News


Read More..

Anger at Australian radio station over royal hoax












LONDON (AP) — It started out as a joke, but ended in tragedy.


The sudden death of a nurse who unwittingly accepted a prank call to a London hospital about Prince William‘s pregnant wife Kate has shocked Britain and Australia, and sparked an angry backlash Saturday from some who argue the DJs who carried out the hoax should be held responsible.












At first, the call by two irreverent Australian DJs posing as royals was picked up by news outlets around the world as an amusing anecdote about the royal pregnancy. Some complained about the invasion of privacy, the hospital was embarrassed, and the radio presenters sheepishly apologized.


But the prank took a dark twist Friday with the death of nurse Jacintha Saldanha, a 46-year-old mother of two, three days after she took the hoax call. Police have not yet determined Saldanha‘s cause of death, but people from London to Sydney have been making the assumption that she died because of stress from the call.


King Edward VII’s Hospital, where the former Kate Middleton was being treated for acute morning sickness this week, wrote a strongly-worded letter to the 2DayFM radio station’s parent company Southern Cross Austereo, condemning the “truly appalling” hoax and urging it to take steps to ensure such an incident would never happen again.


“The immediate consequence of these premeditated and ill-considered actions was the humiliation of two dedicated and caring nurses who were simply doing their job tending to their patients,” the letter read. “The longer term consequence has been reported around the world and is, frankly, tragic beyond words.”


The hospital did not comment when asked whether it believed the prank call had directly caused Saldanha’s death, only saying that the protest letter spoke for itself.


DJs Mel Grieg and Michael Christian, who apologized for the prank on Tuesday, took down their Twitter accounts after they were bombarded by thousands of abusive comments. Rhys Holleran, CEO of Southern Cross Austereo, said the pair have been offered counseling and were taken off the air indefinitely.


No one could have foreseen the tragic consequences of the prank, he stressed.


“I spoke to both presenters early this morning and it’s fair to say they’re completely shattered,” Holleran told reporters on Saturday.


“These people aren’t machines, they’re human beings,” he said. “We’re all affected by this.”


Details about Saldanha have been trickling out since the duty nurse’s body was found at apartments provided by the private hospital, which has treated a line of royals before, including Prince Philip, who was hospitalized there for a bladder infection in June.


The nurse, who was originally from India, had lived with her partner Benedict Barboza and a teenage son and daughter in Bristol, in southwestern England, for the past nine years. The hospital praised her as a “first-class nurse” who was well-respected and popular among colleagues during her four years working there.


Just before dawn on Tuesday, Saldanha was looking after her patients when the phone rang. A woman pretending to be Queen Elizabeth II asked to speak to the duchess, and, believing the caller, Saldanha transferred the call to a fellow nurse caring for the duchess, who spoke to the two DJs about Kate’s condition live on air.


During the call — which was put online and later broadcast on news channels worldwide — Grieg mimicked the Britain’s monarch’s voice and asked about the duchess’ health. She was told Kate “hasn’t had any retching with me and she’s been sleeping on and off.” Grieg and Christian, who pretended to be Prince Charles, also discussed with the nurse when they could travel to the hospital to check in on Kate.


Three days later, officers responding to reports that a woman was found unconscious discovered Saldanha, who was pronounced dead at the scene. Police didn’t release a cause of death, but said they didn’t find anything suspicious. A coroner will make a determination on the cause.


In the aftermath of Saldanha’s death, some speculated about whether the nurse was subject to pressure to resign or about to be punished for the mistake. Royal officials said Prince William and Kate were “deeply saddened,” but insisted that the palace had not complained about the hoax. King Edward VII’s Hospital also maintained that it did not reprimand Saldanha.


“We did not discipline the nurse in question. There were no plans to discipline her,” a hospital spokesman said. He declined to provide further details, and did not respond to questions about the second nurse’s condition.


The Australian Communications and Media Authority, which regulates radio broadcasting, said it has received complaints about the prank and is discussing the matter with the Sydney-based station, which yanked its Facebook page after it received thousands of angry comments.


Holleran, the radio executive, would not say who came up with the idea for the call. He only said that “these things are often done collaboratively.” He said 2DayFM would work with authorities, but was confident the station hadn’t broken any laws, noting that prank calls in radio have been happening “for decades.”


The station has a history of controversy, including a series of “Heartless Hotline” shows in which disadvantage people were offered a prize that could be taken away from them by listeners.


Saldanha’s family asked for privacy in a brief statement issued through London police.


Flowers were left outside the hospital’s nurse’s apartments, with one note reading: “Dear Jacintha, our thoughts are with you and your family. From all your fellow nurses, we bless your soul. God bless.”


Officials from St. James’s Palace have said the duchess is not yet 12 weeks pregnant. The child would be the first for her and William.


Europe News Headlines – Yahoo! News


Read More..

Twitter to Start War on Instagram In Time for Christmas












Holidays seem to be Instagram‘s bread and butter, so it makes sense that Twitter would fire their first shot in the war on Instagram when the app is at its most vulnerable. 


RELATED: Why You Can’t See Instagram Photos on Twitter Anymore












If we learned anything from Thanksgiving, it’s that people love to Instagram their holidays. Turkeys, stuffing, table settings: you Amaro’d it all. It was the service’s best day ever. There were 10 million pictures Instagrammed on Thanksgiving. So it’s not a logistical stretch to imagine the holiday season – Hanukkah starts tonight! —  will be big business for Instagram, too. Christmas day will probably be especially big since it combines dinner, like Thanksgiving, and presents. (Also: check your Instagram feed right now and you’re sure to see at least 3 Christmas trees.)


RELATED: Meet the Parade of Greedy Crybabies Who Didn’t Get iPhones for Christmas


And so comes a report from AllThingsD’s Mike Isaac saying Twitter will launch its own photo filters on time for Christmas, likely to try and capitalize on that rush of OMG I got a cool thing! photo-sharing. Instagram stopped their photos from being shown on Twitter, because they want people on their site. The move makes enough sense, because Instagram is owned by Facebook and not Twitter, but it still sucks for the rest of us. The two companies are now in a budding rivalry over photo-sharing, so this is it, it’s war, we guess. 


RELATED: How to Get Over the Twitter-Instagram War on Photos


If you’re having trouble watching these two former friends fight, please read The Atlantic Wire’s Rebecca Greenfield’s guide to getting over it. The holidays is no place for rivalries. Didn’t Jingle All The Way teach you people anything? 


Social Media News Headlines – Yahoo! News


Read More..

Billionaire Aldi heir dies aged 58












FRANKFURT (Reuters) – German billionaire Berthold Albrecht, heir to the Aldi supermarket chain and one of Germany‘s richest men, has died aged 58, his family announced on Friday.


Together with his brother Theo Jr, Albrecht’s fortune was estimated at $ 17.8 billion, according to Forbes. That placed them at 32 in the list of Forbes billionaires and second for Germany.












Berthold was a fighter, and full of hope to the end,” his wife, Babette, wrote in a full-page notice published in several German newspapers.


The notice from the notoriously reclusive family said that the funeral had taken place in November, but it did not give further details of the circumstances of his death.


Berthold was the son of Aldi co-founder Theo Albrecht, who died at the age of 88 in July 2010.


After the Second World War, Theo and his brother Karl turned the small grocery store their mother operated in Essen into one of the nation’s largest food retail chains, with a focus on a limited range of goods at bargain prices.


Aldi was split into two divisions covering north and south Germany in 1960. Theo took the north and Karl the south. Karl, aged 92, is classified by Forbes as the richest man in Germany with a fortune of $ 25.4 billion.


The Aldi empire, which has estimated worldwide annual turnover of about 50 billion euros ($ 65 billion), also owns the Trader Joe’s grocery chain in the United States. In Europe it competes with the likes of Tesco, Carrefour and Metro.


Berthold worked on the board of directors at Aldi North. ($ 1 = 0.7700 euros)


(Reporting by Victoria Bryan; Editing by David Goodman)


Celebrity News Headlines – Yahoo! News


Read More..

November tax receipts grow, deficit higher: CBO












WASHINGTON (Reuters) – Government tax receipts grew at a healthy 6 percent pace in November as employment and wages improved, the Congressional Budget Office said on Friday, but the month’s deficit still rose, largely because of benefit payment calendar shifts.


Should the revenue growth trend continue, it could buy the U.S. Treasury Department slightly more time before it runs out of borrowing capacity early next year.












An increase in the federal debt limit is tangled up in the negotiations between President Barack Obama and Congress over how to deal with the year-end “fiscal cliff” of automatic tax hikes and spending cuts. Obama has sought permanent authority to lift the debt cap, while congressional Republicans intend to use the debt limit as leverage in their demands for deep cuts to federal health and retirement benefit programs.


The Treasury is on track to hit the $ 16.4 trillion debt limit December 31 when more government payments are due. It has a number of emergency maneuvers it can employ to keep borrowing for several more weeks.


Louis Crandall, chief economist at Wrightson ICAP in Jersey City, New Jersey, said Treasury could announce the first of these measures, suspending the sale of securities to state and local governments, as early as next week.


The move to suspend the so-called “slugs”, which are used by state and local governments to temporarily park the proceeds of their municipal bond issues, would allow the Treasury to gain more accurate control over its debt issuance.


As of Wednesday, the Treasury was just $ 95 billion below the debt limit.


MORE PAYROLL WITHHOLDING


The nonpartisan CBO said that for the first two months of the fiscal year that started October 1, receipts are $ 30 billion — or 10 percent — ahead of last year.


Much of the growth is coming from withheld income and payroll taxes from individuals — a sign that declines in unemployment and growth of wages are bearing fruit. These receipts are up $ 23 billion for October and November, or 8 percent from a year earlier.


Receipts from corporate income taxes, normally low at this time of year, declined slightly, but other revenues rose by $ 7 billion, or 22 percent. The Federal Reserve accounted for $ 4 billion of that increase, as it earned higher yields on the debt securities it holds, while excise tax receipts grew $ 2 billion.


The combined October-November deficit totaled $ 292 billion, about $ 57 billion more than the year-earlier period, CBO said. But it attributed the increase partly to the shift of December Social Security and other benefit payments into November. Without these shifts, the two-month deficit would have declined by $ 8 billion from year ago levels.


The shifts will also have the effect of reducing December’s outlays and deficit.


CBO said November’s deficit totaled $ 172 billion, up $ 35 billion from a year earlier. The U.S. Treasury is expected to announce final budget data for the month next week.


Excluding calendar shifts, U.S. government outlays are growing at a slightly slower pace, 3.7 percent for the first two months of the fiscal year compared to the prior-year period.


The biggest gains in outlays came from the programs that Republicans want to cut deeply: 8 percent each for the Social Security and Medicare programs for the elderly, and 9 percent for Medicaid, which serves the poor.


Net interest costs were up $ 2 billion, or 5 percent, but spending on unemployment benefits fell by $ 4 billion, or 22 percent.


(Additional reporting by Rachelle Younglai. Editing by Fred Barbash and M.D. Golan)


Seniors/Aging News Headlines – Yahoo! News


Read More..

Canada jobs surge surprise offers hope for fourth quarter












OTTAWA (Reuters) – Canada‘s economy churned out far more jobs than expected in November in a surprising comeback at a time of sluggish growth, offering hope of stronger fourth quarter economic showing.


However, Statistics Canada‘s report on Friday was accompanied by a negative report on the labor productivity of Canadian businesses, which fell 0.5 percent in the third quarter, in contrast to a 0.6 percent rise in U.S. productivity.












Canada created a net 59,300 new jobs in November, mostly full-time positions and in the private sector, and the jobless rate fell to 7.2 percent, the lowest level since June, from 7.4 percent.


Market operators surveyed by Reuters had forecast, on average, 10,000 new jobs in November and a steady 7.4 percent jobless rate.


Finance Minister Jim Flaherty called the news “terrific” and economists were unanimously upbeat about the report, which came amid other signs the economy was struggling to gain momentum.


“Just as the conventional wisdom pretty much everywhere was that the Canadian economy was practically grinding to a halt, we get handed one of the strongest job numbers of the year,” said Doug Porter, deputy chief economist at BMO Capital Markets.


“It’s a solid report, from head to toe. At least upon first glance, I don’t see any major warts in the data.”


Nonfarm payrolls in the United States rose by 146,000 in the same month, proportionately not nearly as strong as Canada, but still better than expected, while the U.S. jobless rate fell to 7.7 percent from 7.9 percent.


Scotiabank chief currency strategist Camilla Sutton pointed to the strength in full-time and private-sector jobs.


“All in all, juxtaposed with the strong U.S. employment, it’s positive for the Canadian dollar,” she said.


The Canadian dollar jumped to a one-month high of C$ 0.9878 versus its U.S. counterpart, or $ 1.0124, compared with C$ 0.9925, or $ 1.0076, immediately before the releases. It was the Canadian dollar’s strongest level since November 7.


Canadian bond prices fell across the curve, with the two-year bond down 5 Canadian cents to yield 1.070 percent, and the benchmark 10-year bond giving back 11 Canadian cents to yield 1.705 percent.


The average monthly employment gains were 20,700 over the past six months, a more realistic time frame given that monthly figures tend to be erratic.


Canada’s economy grew at a tepid 0.6 percent pace, annualized, in the third quarter. While the fourth quarter is likely to show some momentum, growth may not be strong enough to force the Bank of Canada to raise interest rates.


The central bank has held its key rate at 1 percent for over two years, but has been signaling plans to hike rates since April, the only central bank in the Group of Seven wealthy nations to have that hawkish tilt.


BANK OF CANADA IN NO RUSH


Economists say bank Governor Mark Carney is in a data-watching mode, particularly in light of the uncertainty surrounding the “fiscal cliff” in the United States.


Analysts were quick to point out that while the job market has shown resilience, the kind of blockbuster job creation seen in November is unlikely to be repeated.


“We look for something a little bit more muted in the 10 to 15,000 range, especially given the front-loaded nature of the job recovery,” said Mazen Issa, strategist at TD Securities.


“Right now I think the bank has mostly just focused on the external events. They’ll need to see what happens with the U.S. fiscal situation before they want to provide any updated views,” he said.


If there was a weak point in the employment report, it was that hiring was concentrated in the services sector, where lower-paid jobs are more common. Services created 65,700 positions led by accommodation and food services, retail and wholesale trade, and professional, scientific and technical services.


The goods-producing sector lost 6,200 jobs, with the number of workers in manufacturing declining by 19,600.


Year-over-year wage growth fell sharply to 2.2 percent in November from 3.9 percent in October, based on the average hourly wage of permanent employees.


The economy created only 1,800 jobs in October and a hefty 52,100 in September, although secondary data for that month showed a decline in nonfarm payrolls.


(this story has been corrected in the third paragraph to say the jobless rate is the lowest since June, not March)


(Reporting by Louise Egan; Editing by James Dalgleish)


Economy News Headlines – Yahoo! News


Read More..

Protesters surge around Egypt’s presidential palace












CAIRO (Reuters) – Tens of thousands of Egyptian protesters surged around the presidential palace on Friday and the opposition rejected President Mohamed Mursi‘s call for dialogue to end a crisis that has polarized the nation and sparked deadly clashes.


The Islamist leader’s deputy said he could delay a December 15 referendum on a constitution that liberals opposed, although the concession only partly meets a list of opposition demands that include scrapping a decree that expanded Mursi‘s powers.












“The people want the downfall of the regime” and “Leave, leave,” crowds chanted after bursting through barbed wire barricades and climbing on tanks guarding the palace of Egypt‘s first freely elected president.


Their slogans echoed those used in a popular revolt that toppled Mursi’s predecessor Hosni Mubarak in February 2011.


Vice President Mahmoud Mekky said in a statement sent to local media that the president was prepared to postpone the referendum if that could be done without legal challenge.


The dialogue meeting was expected to go ahead on Saturday in the absence of most opposition factions. “Tomorrow everything will be on the table,” a presidential source said of the talks.


The opposition has demanded that Mursi rescind a November 22 decree giving himself wide powers and delay the vote set for December 15 on a constitution drafted by an Islamist-led assembly which they say fails to meet the aspirations of all Egyptians.


The state news agency reported that the election committee had postponed the start of voting for Egyptians abroad until Wednesday, instead of Saturday as planned. It did not say whether this would affect the timing of voting in Egypt.


Ahmed Said, leader of the liberal Free Egyptians Party, told Reuters that delaying expatriate voting was made to seem like a concession but would not change the opposition’s stance.


He said the core opposition demand was to freeze Mursi’s decree and “to reconsider the formation and structure of the constituent assembly”, not simply to postpone the referendum.


The opposition organized marches converging on the palace which elite Republican Guard units had ringed with tanks and barbed wire on Thursday after violence between supporters and opponents of Mursi killed seven people and wounded 350.


Islamists, who had obeyed a military order for demonstrators to leave the palace environs, held funerals on Friday at Cairo’s al-Azhar mosque for six Mursi partisans who were among the dead. “With our blood and souls, we sacrifice to Islam,” they chanted.


“ARM-TWISTING”


In a speech late on Thursday, Mursi had refused to retract his November 22 decree or cancel the referendum on the constitution, but offered talks on the way forward after the referendum.


The National Salvation Front, the main opposition coalition, said it would not join the dialogue. The Front’s coordinator, Mohamed ElBaradei, a Nobel peace laureate, dismissed the offer as “arm-twisting and imposition of a fait accompli”.


Murad Ali, spokesman of the Brotherhood’s Freedom and Justice Party (FJP), said opposition reactions were sad: “What exit to this crisis do they have other than dialogue?” he asked.


Mursi’s decree giving himself extra powers sparked the worst political crisis since he took office in June and set off renewed unrest that is dimming Egypt’s hopes of stability and economic recovery after nearly two years of turmoil following the overthrow of Mubarak, a military-backed strongman.


The turmoil has exposed contrasting visions for Egypt, one held by Islamists, who were suppressed for decades by the army, and another by their rivals, who fear religious conservatives want to squeeze out other voices and restrict social freedoms.


Caught in the middle are many of Egypt’s 83 million people who are desperate for an end to political turbulence threatening their precarious livelihoods in an economy under severe strain.


“We are so tired, by God,” said Mohamed Ali, a laborer. “I did not vote for Mursi nor anyone else. I only care about bringing food to my family, but I haven’t had work for a week.”


ECONOMIC PAIN


A long political standoff will make it harder for Mursi’s government to tackle the crushing budget deficit and stave off a balance of payments crisis. Austerity measures, especially cuts in costly fuel subsidies, seem inevitable to meet the terms of a $ 4.8-billion IMF loan that Egypt hopes to clinch this month.


U.S. President Barack Obama told Mursi on Thursday of his “deep concern” about casualties in this week’s clashes and said “dialogue should occur without preconditions”.


The upheaval in the most populous Arab nation worries the United States, which has given billions of dollars in military and other aid since Egypt made peace with Israel in 1979.


The conflict between Islamists and opponents who each believe the other is twisting the democratic rules to thwart them has poisoned the political atmosphere in Egypt.


The Muslim Brotherhood’s spokesman, Mahmoud Ghozlan, told Reuters that if the opposition shunned the dialogue “it shows that their intention is to remove Mursi from the presidency and not to cancel the decree or the constitution as they claim”.


Ayman Mohamed, 29, a protester at the palace, said Mursi should scrap the draft constitution and heed popular demands.


“He is the president of the republic. He can’t just work for the Muslim Brotherhood,” Mohamed said of the eight-decade-old Islamist movement that propelled Mursi from obscurity to power.


(Additional reporting by Omar Fahmy; Writing by Edmund Blair and Alistair Lyon; Editing by Giles Elgood)


World News Headlines – Yahoo! News


Read More..

Exclusive: Google to replace M&A chief












SAN FRANCISCO (Reuters) – Google Inc is replacing the head of its in-house mergers and acquisitions group, David Lawee, with one of its top lawyers, according to a person familiar with the matter.


Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company‘s corporate development group, which oversees mergers and acquisitions, said the source, who spoke anonymously because he was not authorized to speak publicly.












Google is also planning to create a new late-stage investment group that Lawee will oversee, the source said.


Google declined to comment. Lawee and Harrison could not immediately be reached for comment.


One of the Internet industry’s most prolific acquirers, Google has struck more than 160 deals to acquire companies and assets since 2010, according to regulatory filings. Many of Google’s most popular products, including its online maps and Android mobile software, were created by companies or are based on technology that Google acquired.


Harrison, Google’s deputy general counsel, will head up the M&A group at a time when the company is still in the process of integrating its largest acquisition, the $ 12.5 billion purchase of smartphone maker Motorola Mobility, which closed in May.


And he takes over at a time when the Internet search giant faces heightened regulatory scrutiny, with the U.S. Federal Trade Commission and the European Commission conducting antitrust investigations into Google’s business practices. Several recent Google acquisitions have undergone months of regulatory review before receiving approval.


As deputy general counsel, Harrison has been deeply involved in the company’s regulatory issues and many of its acquisitions. He joined Google more than five years ago and has completed more than 70 deals at the company, according to biographical information on the Google Ventures website.


Harrison is an adviser to Google Ventures, the company’s nearly four-year old venture division which provides funding for start-up companies.


While most of Google’s acquisitions are small and mid-sized deals that do not meet the threshold for disclosure of financial terms, Google has a massive war chest of $ 45.7 billion in cash and marketable securities to fund acquisitions.


Lawee, who took over the M&A group in 2008, has had hits and misses during his tenure. Google shut down social media company Slide one year after acquiring it for $ 179 million, for example.


The planned late-stage investment group has not been finalized, the source said. The fund might operate separately from Google Ventures, according to the source.


“Think of it as a private equity fund inside of Google,” the source said.


The company recently said it would increase the cash it allocates to Google Ventures to $ 300 million a year, up from $ 200 million, potentially helping it invest in later-stage financing rounds.


Google finished Friday’s regular trading session down 1 percent, or $ 6.92, at $ 684.21.


(Reporting By Alexei Oreskovic; editing by Carol Bishopric and Jim Loney)


Wireless News Headlines – Yahoo! News


Read More..

George Zimmerman sues NBC and reporters












ORLANDO, Fla. (AP) — George Zimmerman sued NBC on Thursday, claiming he was defamed when the network edited his 911 call to police after the shooting of Trayvon Martin to make it sound like he was racist.


The former neighborhood watch volunteer filed the lawsuit seeking an undisclosed amount of money in Seminole County, outside Orlando. Also named in the complaint were three reporters covering the story for NBC or an NBC-owned television station.












The complaint said the airing of the edited call has inflicted emotional distress on Zimmerman, making him fear for his life and causing him to suffer nausea, insomnia and anxiety.


The lawsuit claims NBC edited his phone call to a dispatcher in February. In the call, Zimmerman describes following Martin in the gated community where he lived, just moments before he fatally shot the 17-year-old teen during a confrontation.


“NBC saw the death of Trayvon Martin not as a tragedy but as an opportunity to increase ratings, and so set about to create a myth that George Zimmerman was a racist and predatory villain,” the lawsuit claims.


NBC spokeswoman Kathy Kelly-Brown said the network strongly disagreed with the accusations made in the complaint.


“There was no intent to portray Mr. Zimmerman unfairly,” she said. “We intend to vigorously defend our position in court.”


Three employees of the network or its Miami affiliate lost their jobs because of the changes.


Zimmerman is charged with second-degree murder but has pleaded not guilty, claiming self-defense under Florida’s “stand your ground law.”


The call viewers heard was trimmed to suggest that Zimmerman volunteered to police, with no prompting, that Martin was black: “This guy looks like he’s up to no good. He looks black.”


But the portion of the tape that was deleted had the 911 dispatcher asking Zimmerman if the person who had raised his suspicion was “black, white or Hispanic,” to which Zimmerman responded, “He looks black.”


Entertainment News Headlines – Yahoo! News


Read More..

Asia stocks rise as US employment claims dip












BANGKOK (AP) — Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by the European Central Bank for a bleak year ahead in the region.


The U.S. Labor Department said Thursday that applications dropped 25,000 last week to a seasonally adjusted 370,000, a level consistent with modest hiring. The number of people continuing to receive unemployment aid also fell.












Japan’s Nikkei 225 index rose 0.1 percent to 9,554.09. South Korea’s Kospi added 0.4 percent to 1,958.13. Australia’s S&P/ASX 200 rose 1 percent to 4,552.40. Hong Kong’s Hang Seng rose 0.2 percent to 22,299.21.


On Thursday, the European Central Bank said that the economies of 17 countries that use the euro will contract next year. The central bank stopped short of offering new measures to boost growth and left its key interest rate unchanged at a record low.


The combined economy of the euro countries is in a recession after a massive debt crisis followed by government spending cuts and tax hikes that have hurt growth.


“Although the ECB left policy rates unchanged the post ECB meeting press conference effectively opened the door to a rate cut in Q1 next year following sharp downward revisions to growth projections and well below target inflation projected over the medium term,” said analysts at Credit Agricole CIB in Hong Kong.


Benchmark oil for January delivery was up 16 cents to $ 86.42 in electronic trading on the New York Mercantile Exchange. The contract fell $ 1.62, or 1.8 percent, to finish at $ 86.26 per barrel in New York on Thursday.


In currencies, the euro rose to $ 1.2969 from $ 1.2963 late Thursday in New York. The dollar rose to 82.47 yen from 82.36 yen.


___


Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson


Economy News Headlines – Yahoo! News


Read More..