Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan. The corporation - once a Web powerhouse but now agonizing over a range of options to revive flagging growth - on Tuesday said it appointed former Rovi Corp CEO and International Business Machines Corp veteran Alfred Amoroso and ex-eBay COO Maynard Webb as independent directors. Yahoo's board has come under fire from investors impatient with the company's persistent inability to effect a turnaround, and frustrated with the apparent indecisiveness of stakeholders over ...
Chancellor of the Exchequer George Osborne has vowed to fight an "anti-business culture" in Britain, warning that a row overexecutive pay and bonuses threatens the country's fragile economic recovery. "Let me say something about the row over bonuses and pay," Osborne said in a speech to the Federation of Small Businesses. "Of course rewards for failure are unacceptable -- and those who believe in the free market are the first to say so. But a strong, free market economy must be built on rewards for success." The Labour Party has heaped pressure on the ruling coalition to curb excessive pay for top executives, using a House of Commons debate to demand the return ...
Japanese Prime Minister Yoshihiko Noda said on Tuesday he is resolved to settle a longstanding territorial dispute with Russia at an annual rally calling for the return of all four Russian-held islands off Hokkaido in northern Japan, the Kyodo news agency reported. "We'll continue to make steady and determined efforts to move ahead with negotiations," Noda said, stressing the need to sign a peace treaty with Russia. The four islands - which Russia calls the Southern Kurils and Japan calls the Northern Territories - has been the subject of a territorial dispute between the two nations since the end of World War ...
Amanda Knox's Italian lawyer has filed an appeal of her slander conviction in Italy, a Knox family spokesman inSeattle said Monday. In October, an Italian appeals court overturned the young Seattle woman's murder conviction in the 2007 death of her British roommate in Perugia. But the same court upheld Knox's conviction for slander — for falsely accusing bar owner Diya "Patrick" Lumumba of involvement in the slaying. Lumumba was freed after two weeks in prison for lack of evidence. Knox later said she was "manipulated" during her lengthy police interrogation. An appeal of the slander conviction was filed Monday, Knox family spokesman Dave Marriott confirmed. He doesn't know when the Italian ...
The Dutch railway will remain 'vulnerable' during wintry weather but Dutch Rail (NS) and track operator ProRail did not help matters during the current cold snap by the late introduction of schedule adjustments to cope with the conditions, transport minister Melanie Schultz van Haegen told parliament in a briefing on Tuesday. The NS and ProRail assumed on Thursday of last week that there would be three to five centimetres of snow. When the forecast was increased on Friday morning to between 10 and 15 centimetres, it was too late to change the timetables automatically, Schultz van Haegen told parliament. Drivers and conductors ...
Greece can leave the eurozone without damaging monetary union, European digital affairs commissioner Neelie Kroes says in an interview with the Volkskrant on Tuesday. Kroes, a member of the Dutch ruling right-wing Liberal party VVD, is not a supporter of Greece exchanging the euro for the drachma, but says: 'It is absolutely not a case of man overboard if someone leaves the eurozone.' The commissioner is very critical of the new Greek government and says they are not fulfilling their promises. 'Too few spending cuts, too little restructuring,' she says. She says the Greeks should follow the example of Italy where the new ...
Mitt Romney hopes his presidential campaign hasn't ignored Rick Santorum's aggressive attacks for too long, as caucuses in Colorado and Minnesota on Tuesday could reshuffle the race for the Republican presidential nomination. Santorum largely bypassed Florida and Nevada to blanket the two caucus states with criticism of Romney and lay the groundwork among conservatives who have great sway in the process. RivalNewt Gingrich praised Santorum's strategy as shrewd even as he signaled he had no interest in exiting the four-way race, which also includes Ron Paul. "I think that Santorum's going to have a pretty good day," Gingrich told reporters on the eve of the caucuses. "He targeted differently than I ...
Glencore and Xstrata agreed an all-share merger worth $90 billion (56 billion pounds) on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading. Glencore, the world's largest diversified commodities tradinghouse, will issue 2.8 new shares for each Xstrata share in a deal they said was a "merger of equals." The ratio is a 15.2 percent premium to Xstrata shareholders compared with its share price last Wednesday before word leaked out about the merger talks, a joint statement said. "A merger between Glencore and Xstrata offers a unique opportunity to create a new business model in our industry to respond to ...
US White House hopeful Mitt Romney aims for another big caucus win in Colorado on Tuesday, as his well-oiled campaign machine works to cement his position as the Republican front runner in the US presidential race. Polls suggest he should triumph easily in the western US state -- where he scored 60 percent in 2008 -- although there is a tighter race in Minnesota, where last-placed Rick Santorum is hoping to snatch a win. Romney's main rival, former House speaker Newt Gingrich, is battling to stay in the race after two heavy losses in a row to the former Massachusetts governor, who ...
As President Christian Wulff remains mired in allegations of impropriety, anti-corruption group Transparency International (TI) has called for politicians to use the case as a chance to open up German politics. “We are very concerned that people seem to be starting to think that all politicians behave like Wulff, and that would be fatal,” Christian Humborg, TI Germany’s managing director told The Local. “I think the Wulff affair is a wonderful opportunity for German politicians to react to the cynical attitude that this is normal, and improve things,” he said. He said the fact that the authorities were investigating whether Wulff and his ...
A Hong Kong pawnshop which bought a 16-carat yellow diamond is fighting to keep the gem after a London jewellers claimed it was stolen from them in a raid five years ago, a report said Saturday. The diamond was reportedly snatched from ultra high-end jeweller Graff Diamonds in 2007 after two Bentley-driving robbers pretending to be shoppers raided the shop and got away with a haul worth $20 million. Its origin was discovered when Hong... [more]
Queen Beatrix is right to say Geert Wilders is talking nonsense by describing Muslim headscarves as a symbol of female oppression, prime minister Mark Rutte said on Friday after the weekly cabinet meeting. ‘There are an awful lot of women who wear headscarves and they are not all oppressed,’ Rutte said. On Thursday, the queen, who was on a state visit to Oman, told reporters Wilders was talking nonsense for criticising her decision... [more]
The anti-Islam PVV in Limburg has sacked one of its provincial councillors for describing a Labour party colleague as ‘a piece of sicked-up halal meat made from a Turkish pig’. The comment was made a year ago by PVV number two Cor Bosman in an email to 20 supporters after Labour councillor Selçuk Öztürk gave an interview to a local magazine. The decision to sack Bosman was taken at an emergency meeting on Friday morning after news... [more]
A woman from Stockholm who recently picked up some soiled pages in a country field in western Sweden could hardly believe her eyes when she realized she was holding a love letter written in July 1862. Stockholm resident Susann Bollö, 45, was taking a winter walk with her boyfriend Roger Bengtsson in a field outside of Morup in Halland when she chanced upon the folded, handwritten pages on the field’s edge. “I cried out to Roger that... [more]
First Lady Carla Bruni-Sarkozy says she is ready to hit the campaign trail for her husband President Nicolas Sarkozy. “If my husband is candidate for the presidential elections, I will take part as much as possible,” Bruni-Sarkozy told Le Parisien. Sarkozy has not yet officially confirmed that he will run in this year’s presidential elections, but in reality there is little doubt in France that he will. Bruni-Sarkozy... [more]
Today is Friday, Jan. 13, the 13th day of 2012. There are 353 days left in the year. Today’s Highlight in History: On Jan. 13, 1982, an Air Florida 737 crashed into Washington, D.C.’s 14th Street Bridge and fell into the Potomac River after taking off during a snowstorm, killing a total of 78 people; four passengers and a flight attendant survived. (Half an hour after the Air Florida crash, a Washington Metro train... [more]
The euro is unlikely to “vanish” this year, IMF chief Christine Lagarde said Friday, but warned a report this month will show the global economy growing slower than the 4.0 percent estimated in September. “Will 2012 be the end of the euro? My answer is, I don’t think so,” she told a press conference during a visit to South Africa. “The currency itself is not likely to vanish or disappear in 2012.” “Will... [more]
Amsterdam’s most expensive shopping thoroughfare, the P.C. Hooftstraat, has come in at number three on the list of the world’s nicest places to shop. Singapore’s Orchard Road came at the top of the list, which is in its fourth year of publication. Luxembourg’s Avenue de la Liberté came second. The list is compiled by the international shopping public on behalf of the French marketing agency Presence. Almost 400 shops,... [more]
GOOGLE says its Google Map system is not infallible and NSW drivers should not follow its directions “blindly”. The admission comes after GPS devices that use Google Maps began to incorrectly indicate that large parts of the Pacific Highway were closed. For example Google Maps currently recommends that drivers travelling between Sydney and Byron Bay take an inland diversion through Armidale and Glen Innes. A Google spokesman... [more]
Eleven employees of a Neo-Nazi internet radio station were handed suspended sentences in the western German town of Koblenz Thursday. A twelfth worker was imprisoned for two years because he carried previous offences. The judge found all twelve accused guilty of supporting a criminal organization and inciting racial hatred. The station was found to have called on listeners to commit criminal acts. All of the accused admitted to working as... [more]
