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 ...
POLICE have uncovered an illicit chemical lab and seized drugs and guns in a raid on the suburban home of X Factor winner Altiyan Childs. The flamboyant star’s personal manager, Steve Gold, was arrested in his underpants during the early morning bust last Monday and was later charged over the illegal weapons, which included rifles, pellet guns and a Taser. The Sony Music-signed singer had lived at the Ramsgate home – known... [more]
Japan’s industry minister has met workers battling to cool overheating reactors and plug radioactive leaks in the first government visit to the country’s tsunami-crippled nuclear plant. The visit came as one of the country’s top nuclear officials called for a sweeping review of safety standards in the industry and Tokyo warned the crisis at the plant was far from over. Industry minister Banri Kaieda donned full protective... [more]
The Japanese and U.S. militaries launched another all-out search for the bodies of earthquake and tsunami victims Sunday along Japan’s ravaged northeast coast. About 22,000 Japanese troops, along with 110 from the U.S., searched by land, air and sea. Television news footage showed them using heavy equipment to lift a boat washed inland by the tsunami so they could search a crushed car underneath. No one was inside the car. The troops... [more]
Russia on Friday revealed newly declassified documents on Yuri Gagarin’s mysterious death in a plane crash, saying he was likely killed as his jet manoeuvred sharply to avoid a weather balloon. Top Kremlin archives official Alexander Stepanov told a news conference that a Soviet-era commission — whose conclusions had until now been classified — has concluded that this was the most likely cause of his death. “The conclusions... [more]
Japanese police raced Thursday to find thousands of missing bodies before they completely decompose along a stretch of tsunami-pummeled coast that has been largely off-limits because of a radiation-leaking nuclear plant. Nearly a month after a 9.0-magnitude earthquake generated the tsunami along Japan’s northeastern coast, more than 15,000 people are still missing. Many of those may have been washed out to sea and will never be found. In... [more]
Angelina Jolie’s father, actor Jon Voight has admitted he worries about his daughter’s safety when she travels to far away places. “She’s a very courageous person,” the veteran actor said, speaking about Angelina’s trip to meet Libyan refugees on the Tunisian border this week. “Sometimes she goes to places that I prefer she’d stay away from because of the dangers, you know?” he added. “She’s... [more]
Illegal aliens in the Netherlands are sometimes offered money to leave the country. According to a report published in newspaper de Volkskrant, the money allows illegal aliens – many of them failed asylum seekers – to build a new existence in their country of origin. Offering money is often cheaper – as well as more effective – than providing several months’ worth of shelter or locking people up in detention centres.... [more]
A Jordanian prosecutor says a Yemeni man has been charged with disturbing public safety by threatening to blow himself up at an Islamist party office with what turned out to be a fake explosive belt. If convicted, 61-year-old Abdul Wahab Abdul Ghani faces three years in prison. Abdul Ghani on Monday walked into the headquarters of Jordan’s largest opposition group, the Islamic Action Front, displaying the belt and saying he would set... [more]
The centre-right coalition cabinet has decided to remove online child pornography, burying an initiative to block it by former Family Minister Ursula von der Leyen, dubbed “Censorsula” by internet activists. Chancellor Angela Merkel’s coalition leadership on Tuesday made the surprise about-face on earlier plans to block such sites, following the success of a year-long test programme for removal. “According to current numbers with... [more]
The cabinet’s new human rights policy will seek to avoid “wagging a patronizing finger”. In a letter to parliament, Foreign Minister Uri Rosenthal writes that the cabinet has opted for an approach based on dialogue and cooperation. The minister, a member of the conservative VVD, says the Dutch human rights policy will focus on freedom of expression, including internet freedom, the freedom of religion and life principles,... [more]
