Targeting the mobile market
2012-04-11 20:15:45 UTC
NEW YORK (Reuters) - It's not often that a two-year-old start-up becomes a $1 billion company.
Yet Instagram, a popular smartphone application that allows users to tweak photos and share them with their friends, was paid that by Facebook Inc in a deal announced on Monday.
The purchase of the San Francisco-based private company helps Facebook both strengthen its core photo-sharing services and take out a possible competitor all at once, analysts said. Venture capitalists that invested in Instagram before the Facebook deal reportedly doubled their money in the span of a few days.
Few retail investors can take part in these early fun...
Next generation of doctors sees gloomy future
2012-04-11 16:46:39 UTC
WASHINGTON (Reuters) - A majority of young doctors feel pessimistic about the future of the U.S. healthcare system, with the new healthcare law cited as the main reason, according to a survey released to Reuters on Wednesday.
Nearly half of the 500 doctors surveyed think the Affordable Care Act, President Barack Obama's signature domestic policy achievement, will have a negative effect on their practices, compared with 23 percent who think it will be positive.
Of the 57 percent of young doctors who are pessimistic, 34 percent cite the new healthcare law or regulations as the reason for pessimism. Other reasons include declining reimb...
Japan ship insurer sets new rules on Iran oil voyages
2012-04-11 06:32:54 UTC
TOKYO (Reuters) - Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said.
The United States and European Union have tightened measures aimed at reducing Iran's oil trade, stemming the flow of petrodollars to Tehran to force the OPEC member to halt a nuclear program the West suspects is intended to produce weapons.
European insurers and reinsurers will be prohibited from indemnifying ships carrying Iranian petrochemicals anywhere in the world from May, and crude and oil products from July.
Sanctions may cut Iran's oil output by 15 percent: U.S.
2012-04-10 20:37:15 UTC
(Reuters) - Iran's oil production could fall almost 15 percent this year due to reduced foreign investment, the U.S. Energy Information Administration (EIA) said on Tuesday in a report highlighting the growing strain on Tehran's oil sector even before factoring in the effect of new sanctions.
Iran's production could fall about 500,000 barrels per day by the end of 2012, the EIA said in its monthly Short Term Energy Outlook, from 3.55 million bpd at the end of last year, as many foreign companies have been forced out of the country by existing restrictions.
"Iran's decline in output began to accelerate during the last quarter of 2011 ...
Chevron finds leak in offshore Petrobras oil field
2012-04-10 04:31:40 UTC
RIO DE JANEIRO (Reuters) - U.S. oil company Chevron discovered an oil seep in an offshore Brazilian oil field run by Petrobras near the site of a November leak that led to civil and criminal charges and sparked concerns about some of the world's most promising deep sea reserves.
No traces have been found on the surface, but droplets of oil were found leaking from the seabed of Petrobras' Roncador field, 500 meters away from Chevron's adjacent Frade field, Brazilian regulator ANP said.
Chevron said it first detected the seep on Saturday.
Leaks in November and March at Frade led to the suspension of operations there, as well as laws...
Monitor begins work overseeing mortgage pact
2012-04-10 04:16:31 UTC
(Reuters) - The man charged with making sure banks comply with a $25 billion mortgage settlement has a website, one employee and subleased space in a Raleigh, North Carolina, office tower.
But after a judge's approval of the pact last week, Joe Smith said on Monday he will move quickly to add staff, hire professional firms and make preparations for issuing reports on how banks are meeting new standards for working with borrowers.
Federal officials and attorneys general from 49 states reached the settlement with five lenders in February to resolve foreclosure abuse allegations.
The bulk of the settlement with Bank of America Corp <...
Anti-poverty group ONE pushes for G8 food deal
2012-04-10 04:08:02 UTC
OKLAHOMA CITY (Reuters) - Two white men accused of shooting five black people in Tulsa, Oklahoma, killing three of them, have confessed to authorities, media reports said on Monday, citing police and court documents.
Jake England, 19, has admitted to police that he shot three of the victims and Alvin Watts, 33, has said that he shot two others, a Tulsa police spokesman told the New York Times.
Three men and a woman were shot within a mile of each other in north Tulsa before dawn on Friday, police said. The body of a fifth victim was discovered outside a nearby funeral home in the predominantly black part of the city the same morning....
Iran confirms oil exports’ drop
2012-04-10 03:21:08 UTC
Iranian oil ministry's official confirmed oil exports' decline because of the West sanctions over Iranian oil purchase and banking system.
Director of international affairs for the National Iranian Oil Company, Mohsen Ghamsari, told Iranian Shargh Daily News that Japan practically decreased Iranian oil purchase.
According to Japan's Industry Ministry statistics, Japanese companies have decreased Iranian oil imports from January to April by 28 percent.
Earlier, Reuters reported that Japan, South Korea and China have decreased Iranian oil imports by 22 percent in total.
Reuters reported on April 4 that Japanese companies shy away...
Skilled-Worker Visas See a Surge in Demand
2012-04-10 03:06:49 UTC
Wall Street Journal- In a sign of the improving economy, the U.S. government saw a sharp rise in petitions for skilled-foreign-worker visas during the first week of this year's application season.
The U.S. Citizenship and Immigration Services has received 25,600 petitions for H-1B visas since April 2, nearly twice as many as it received for the entire first month of last year's application period.
The agency began accepting H-1B petitions last week for jobs with a start date of Oct. 1 or later, typically in computer programming, engineering and other high-tech fields where there is sometimes a shortage of qualified Americans.
U.S. should lead to end World Bank tradition: Nigerian finance minister
2012-04-10 02:42:52 UTC
WASHINGTON (Reuters) - The United States should take the lead and break the long tradition of an American always heading the World Bank, Nigerian finance minister and a nominee for the top post Ngozi Okonjo-Iweala said on Monday.
Speaking after a "marathon" three-and-a-half-hour interview by the World Bank board, Okonjo-Iweala said the decision on who leads the global development institution should go to the candidate with the best skills for the job.
During her interview with the board, Okonjo-Iweala said she did not ask for the support of countries but pressed them to ensure that the selection process was open and merit based.
The H-1B Visa Program
2017-04-19 04:09:18 UTC
<blockquote><h3>The H-1B Visa Program: A Primer on the Program and Its Impact on Jobs, Wages, and the Economy</h3>
Every year, U.S. employers seeking highly skilled foreign professionals submit their petitions on the first business day in April for the pool of H-1B visa numbers for which U.S. Citizenship and Immigration Services (USCIS) controls the allocation. With a statutory limit of 65,000 visa numbers available for new hires—and 20,000 additional visa numbers for foreign professionals who graduate with a Master’s or Doctorate from a U.S. university—in recent years demand for H-1B visa numbers has outstripped the supply and the cap ...
Former FBI director James Comey's full statement
2017-06-07 22:33:12 UTC
<h2>Read Comey’s full statement here:</h2><blockquote><i>Chairman Burr, Ranking Member Warner, Members of the Committee. Thank you for inviting me to appear before you today. I was asked to testify today to describe for you my interactions with President-Elect and President Trump on subjects that I understand are of interest to you. I have not included every detail from my conversations with the President, but, to the best of my recollection, I have tried to include information that may be relevant to the Committee.
<strong>January 6 Briefing</strong>
I first met then-President-Elect Trump on Friday, January 6 in a conference room ...
Roger Ailes, founder of the right wing TV channel Fox "News" dead
2017-05-18 17:11:31 UTC
NEW YORK — Roger Ailes, founder and former chief executive of Fox "News", a right-wing nationalist political TV channel in US, that helped reshape the U.S. political landscape, has died at age 77.
Ailes' widow, Elizabeth Ailes, announced his death in a statement posted on the Fox News website on Thursday. The cause of death was not immediately known.
He resigned from Fox News last July following allegations of sexual harassment, marking an abrupt end to his 20-year reign at the most-watched cable channel in the United States.
Fox News, which Ailes started in 1996 with the backing of media mogul Rupert Murdoch, raised the temperatu...
The "Barbaric" Turkish Strikes Against US-Backed YPG Fighters
2017-04-25 16:00:06 UTC
Syria — The air Turkish strikes in Syria targeted the YPG - a key component of the Syrian Democratic Forces (SDF), which are backed by the United States and have been closing in on ISIS the "Islamic State" bastion of Raqqa.
The Turkish raids showed the challenges facing U.S.-led attempts to defeat Islamic State in Syria and risks increasing tension between NATO allies Washington and Ankara over Kurdish combatants who have been crucial in driving back the jihadists.
A U.S. military officer accompanied YPG commanders on a tour of the sites hit near Syria's frontier with Turkey later on Tuesday, a Reuters witness said, demonstrating the...
California: Earthquake Rattles East Bay
2017-06-21 21:59:06 UTC
<blockquote><h3>earthquake, earthquakes today, earthquake today, earthquake bay area, usgs earthquake map, usgs</h3><hr>
<strong>Bay Area</strong> — Dozens of residents of El Cerrito, Berkeley, Albany, El Sobrante, Richmond reported feeling the earthquake. It was also felt in San Francisco, and the interior East Bay.
• 1 km (1 miles) SE of El Cerrito, CA
• 1 km (1 miles) WNW of Kensington, CA
• 2 km (1 miles) NNE of Albany, CA
• 4 km (3 miles) NNW of Berkeley, CA
• 19 km (12 miles) NE of San Francisco City Hall, CA
An earthquake with a preliminary magnitude of 3.3 hit the East Bay just after noon Wednesday.
According to th...
French election 2017 LIVE updates:
2017-04-23 06:18:05 UTC
PARIS — France goes to the polls on Sunday for the first round of a bitterly fought presidential election, crucial to the future of Europe and a closely-watched test of voters' anger with the political establishment.
Nearly 47 million voters will decide, under tight security, whether to back a pro-EU centrist newcomer, a scandal-ridden veteran conservative who wants to slash public spending, a far-left eurosceptic admirer of Fidel Castro or appoint France's first woman president, to shut borders and ditch the euro.
<h3>French election: live results</h3>
The outcome will be anxiously monitored around the world as a sign of whether ...
Heavy rains have closed some of Northern California's Marin County schools
2017-02-09 22:32:58 UTC
Mill Valley - Dozens of schools in flood-prone areas throughout Marin County are closed Thursday in advance of another storm expected to wallop the area, officials said.
In all, 40 public schools and 13 private ones were announced as closed just after 5 p.m. Wednesday, according to the Marin County Office of Education. More closures were possible.
Residents of the North Bay county spent Wednesday mopping up after the last storm, examining sandbags and pushing back receding water.
Up to three inches of rain could fall on Marin County Thursday, with the storm expecting to move into the area during the morning commute and stick around al...
Mike Flynn Seeks Immunity To Testify
2017-03-31 03:01:29 UTC
<blockquote><h2>Former national security adviser may know details of Russia ties</h2>
<h3>President Donald Trump’s former national security adviser Michael Flynn is reportedly willing to testify about the Trump team’s ties with Russia in exchange for immunity from prosecution.</h3>
Flynn, who served as an adviser to Trump’s campaign and resigned as national security adviser after just 24 days, has sent the request to the FBI and both the House and Senate intelligence committees, The Wall Street Journal reported Thursday.
A lawyer for Flynn released a statement confirming there were ongoing discussions between his client and the in...
Romney criticizes Biden on consulate attack
2012-10-13 04:17:53 UTC
RICHMOND, Va. (AP) — Broadening his attack on administration foreign policy, Mitt Romney accused Vice President Joe Biden on Friday of "doubling down on denial" in a dispute over security at a diplomatic post in Libya that was overrun by terrorists who killed the U.S. ambassador and three other Americans.
"The vice president directly contradicted the sworn testimony of State Department officials," the Republican presidential candidate said, eager to stoke a controversy that has flared periodically since the attack on Sept. 11 "... American citizens have a right to know just what's going on. And we're going to find out."
EU sent inspectors to examine Spain deficit figures
2012-03-13 17:10:08 UTC
Inspectors from the European Commission have been in Spain to evaluate its 2011 budget deficit after the numbers came in much higher than expected, the EU executive said on Friday.
Spain said at the end of February that its budget deficit was 8.5 percent last year, far above the Commission's expectation of 6.0 percent.
Madrid also said it would not meet its target for this year of 4.4 percent, saying the deficit would be 5.8 percent.
Technicians of the European Commission have been in Madrid this week to collect information on the (2011) public accounts, said Amadeu Altafaj, the Commission's spokesman on economic and monetary affairs.
How the U.S. is using terrorists' smartphones and laptops to defeat them
2018-02-04 04:58:15 UTC
BETHESDA, Md. – Smartphones helped terror organizations grow and communicate. Now the devices are contributing to their downfall.
In a nondescript, highly secured building in this Washington suburb, a group of U.S. government technicians and linguists are downloading massive amounts of data from phones, hard drives, CDs and other devices, providing a huge boost to the U.S. intelligence community as it hunts terrorists.
Many of the devices have been captured from battlefields in Iraq and Syria, where the Islamic State has lost virtually all the territory it captured in 2014.
"This is the future," Kolleen Yacoub, director of the Na...
"Bomb-like device" Found In Central Oslo, Suspect Arrested
2017-04-09 07:09:52 UTC
Norwegian police set off a controlled explosion of a "bomb-like device" found in central Oslo on Saturday, a suspect is being held in custody, and the security police has overtaken the conduct of the investigation, authorities said.
A Reuters reporter described a loud bang shortly after the arrival of Oslo's bomb squad.
"The noise from the blast was louder than our explosives themselves would cause," a police spokesman said, while adding that further investigation would be conducted at the scene.
The device had appeared to be capable of causing only a limited amount of damage, the police said earlier.
Police declined to give in...
Trump says Obama banned refugees too. He’s wrong.
2017-02-03 07:59:53 UTC
Shortly after President Trump issued an executive order temporarily banning all refugees and all nationals from seven Muslim-majority countries from entering the United States, there was a curious reaction from some members of the conservative press: President Obama had the same thing. You heard it everywhere, from the august pages of National Review to the considerably less august virtual pages of Breitbart.
Even Trump endorsed this idea in a statement Sunday afternoon.
“My policy is similar to what President Obama did in 2011 when he banned visas for refugees from Iraq for six months,” he said, echoing the arguments in conservative...
U.S. sanctions Iran officials, Chinese network over missile program
2017-05-17 18:14:17 UTC
The United States on Wednesday sanctioned two Iranian defense officials, an Iranian company and members of a China-based network for supporting Iran's ballistic missile program, the U.S. Treasury said in a statement.
The targeted sanctions come on the same day the Trump administration said it would continue to waive other, broader sanctions on Iran, a move that was required to keep implementing the 2015 nuclear deal with Iran.
The Iranian officials sanctioned on Wednesday are Morteza Farasatpour and Rahim Ahmadi. Farasatpour coordinated the sale and delivery of explosives and other materiel to a Syrian government agency, the Treasury...