(Reuters) - Fab has raised $150 million from several investors, including Tencent Holdings , that values the online retailer at $1 billion. As part of the funding round Tencent, China's largest online gaming and social networking company, will get to appoint a director to Fab's board, said Jason Goldberg, Fab's chief executive and founder, in a post on his personal blog on Wednesday. "We specifically sought out a strategic partner like Tencent because we are intent on bringing Fab to many new markets," Goldberg said. ...
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- Mamata accuses media house of planning to murder her IANS
Kolkata, June 19 (IANS) In the wake of a noisy protest she faced while visiting a gang-rape-murder victim, West Bengal Chief Minister Mamata Banerjee Wednesday … More »
- Duo plead not guilty to murdering Indian in New Zealand IANS
Wellington, June 19 (IANS) Two men accused of murdering an Indian-origin man in New Zealand in January have pleaded not guilty and are now headed for trial. … More »
- Congress ministers reject mooted Telangana package IANS
Hyderabad, June 19 (IANS) Andhra Pradesh ministers from Telangana have rejected the proposed package for the region, saying only a separate state of Telangna would … More »
- Supported Nitish to keep communal BJP at bay: Congress IANS
New Delhi, June 19 (IANS) The Congress Wednesday said it supported the Janata Dal-United government in Bihar to "keep communal BJP at bay", and endorsed Prime … More »
- Court stays ban on advertisements on auto-rickshaws IANS
New Delhi, June 19 (IANS) The Delhi High Court Wednesday suspended the government's order to prohibit auto-rickshaw drivers from displaying advertisements and … More »
- Vince Flynn, author of Mitch Rapp thriller series, dead from cancer Reuters
By Alex Dobuzinskis LOS ANGELES (Reuters) - Vince Flynn, the best-selling author of the Mitch Rapp series of political thrillers that includes "American Assassin" and "The Last Man," died on Wednesday at age 47 after a battle with prostate cancer, his representatives said. Flynn, who turned to writing as a way of fighting his dyslexia, died at a hospital in his hometown of St. Paul, Minnesota, said David Brown, spokesman for Atria Books, an imprint of Simon & Schuster that publishes the author's novels. Flynn's most recently published book was "The Last Man" in 2012. ...
- Legendary country singer Slim Whitman dead at 90 Reuters
By Patricia Reaney and Tim Ghianni NEW YORK/NASHVILLE (Reuters) - Legendary country singer and songwriter Slim Whitman, known for his smooth falsetto and high-pitched yodeling talent, died in Florida on Wednesday at the age of 90, his son-in-law said. Roy Beagle, who is married to Whitman's daughter Sharon, said the singer-songwriter who was born Ottis Dewey Whitman Jr. was admitted to hospital on Tuesday. "He died last night at the Orange Park hospital at about 12:45 this morning of heart failure," Beagle told Reuters. ...
- Fed keeps buying bonds, but sees economic risks easing Reuters
By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - The Federal Reserve on Wednesday said risks to the outlook for the U.S. economy and job market had eased since last fall, but it said it would keep buying $85 billion in bonds per month given the still-high level of unemployment. Describing the economy as expanding moderately, Fed officials cited further improvement in the labor market and the housing sector, even as they noted that inflation was running below their 2 percent long-term goal. ...
- World stocks, bond prices fall after Fed decision Reuters
By Leah Schnurr NEW YORK (Reuters) - Equities and bond prices pulled lower on Wednesday after the Federal Reserve said it would maintain the pace of its bond buying and gave no explicit indication it was close to slowing the stimulus program. Fed officials cited further improvement in labor market conditions, and also repeated that unemployment is still too high for their comfort, reinforcing their desire to keep buying assets until the outlook for jobs improves substantially. ...
- Instant view: Fed to keep buying bonds; boosts 2014 forecasts Reuters
REUTERS - The U.S. Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close. KEY POINTS: * Describing the economy as expanding moderately, Fed officials cited further improvement in labor market conditions, and noted inflation had been running below the Fed's 2 percent long term goal. ...
- Kirsten leaves South Africa no wiser about 'choke' habit Reuters
By Mark Meadows LONDON (Reuters) - Choke is a word which has haunted South African cricket for three decades but rather than shy away from it, departing coach Gary Kirsten has embraced the term in a bid to end their semi-final hoodoo. Wednesday's heavy Champions Trophy semi-final defeat by England at The Oval, where the Proteas could only score 175 all out in a seven-wicket defeat, was an eighth last-four loss out of nine played in major tournaments. ...
- BlackBerry shares fall as analyst downgrades stock ahead of earnings Reuters
TORONTO (Reuters) - BlackBerry shares fell nearly 4 percent on Tuesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week. While Bernstein's Pierre Ferragu said he expected disappointing results from the smartphone maker, other analysts have bullish expectations, pointing to an even more volatile run for a generally volatile stock. ...
- Cyber threats and leaks spur increased security focus Reuters
By Andrea Shalal-Esa PARIS (Reuters) - Increased cyber espionage by China and recent leaks by a contractor working at the National Security Agency have put a sharp focus on cybersecurity for aerospace and defence companies showing off their wares at this year's Paris Airshow. "We, like others, are constantly being bombarded by people who are trying to get into our systems," said Mark DeYoung, chief executive of U.S. rocket engine and ammunition maker Alliant Techsystems (ATK) . ...
- Wall St falls after 'status quo' Fed statement Reuters
By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks fell on Wednesday, with the losses accelerating even after the Federal Reserve said it would hold steady with its monetary policy. The central bank gave no explicit indication that it was close to pulling back on its program to buy $85 billion in bonds per month, a policy that has been a key to the market's rally this year. Investors have speculated the Fed might start drawing down soon, contributing to a spate of volatility, though equities advanced strongly on both Monday and Tuesday ahead of the statement. ...
- Iraqi Shi'ites flock to Assad's side as sectarian split widens Reuters
By Suadad al-Salhy BAGHDAD (Reuters) - Among the Iranian pilgrims, foreign executives and tourists in the departure lounge at Baghdad airport, a group of young Iraqis prepare to wage religious war in Syria - not for the rebels trying to topple President Bashar al-Assad but against them. Dressed in jeans, their hair cropped short, the 12 men awaiting their flight are Iraqi Shi'ites, among hundreds heading for what they see as a struggle to defend fellow Syrian Shi'ites and their holy sites from the mainly Sunni Muslim rebels. ...
- Singapore's air turns "hazardous" as Indonesian fires rage Reuters
By Kevin Lim and Eveline Danubrata SINGAPORE (Reuters) - Singapore's air quality deteriorated to "hazardous" levels late on Wednesday as smoke from slash-and-burn land clearing in Indonesia enveloped the city-state, inflaming tensions between the Southeast Asian neighbours. Singapore, a major financial centre, will send a delegation to Jakarta on Thursday to discuss the smog that has turned its usually clear skies grey, Environment Minister Vivian Balakrishnan told a news conference. ...
- Paris tackles rudeness to tourists with new manual Reuters
PARIS (Reuters) - One of the world's most visited cities but also famous for its rudeness, Paris has embarked on a campaign to improve its reputation and better cater to the needs of tourists. Waiters, taxi drivers and sales staff in the French capital all too often come off as impolite, unhelpful and unable to speak foreign languages say local tourism chiefs, who are handing out a manual with guidelines on better etiquette. ...
- Italian designers Dolce and Gabbana convicted of tax evasion Reuters
By Manuela D'Alessandro MILAN (Reuters) - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities. The design duo, who are nearly as famous as the stars they dress, were not present in court in Milan and will lodge an appeal against their conviction on charges that they have always denied. "We will read the reasons for the verdict, and we will appeal," said Massimo di Noia, one of the pair's defence lawyers after the hearing. ...
- News Corp spinoffs start preliminary trading Reuters
REUTERS - News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28. Shares of the new News Corp , the publishing arm that includes properties such as The Wall Street Journal, opened at $15.28 on Nasdaq, trading on a "when-issued" basis under the symbol "NWSAV." The shares were up 4.5 percent at mid-morning at $15.95 and were the second-most-active issue on Nasdaq with more than 20 million shares changing hands. ...
- Sri Lanka are a dangerous side: Dhoni IANS
Cardiff, June 19 (IANS) India captain Mahendra Singh Dhoni said Wednesday that Sri Lanka were a dangerous side and it was not possible to focus only on their two frontline batsmen " Mahela Jayawardene or a Kumar Sangakkara" during the semi-final of the ICC Champions Trophy slated for Thursday.
- One killed, 150 injured in China restaurant blasts IANS
Beijing, June 19 (IANS) A series of blasts ripped through a restaurant in China's Shanxi province Wednesday night, killing one person and injuring over 150 others, officials said.
- Two killed in shooting at Slovenia kindergarten IANS
Ljubljana (Slovenia), June 19 (IANS) In probably the first of its kind incident in Slovenia, a woman employee at a kindergarten was shot dead Wednesday by a man who later committed suicide, media reports said. No children were injured in the incident.
- China holds talks with North Korea IANS
Beijing, June 19 (IANS) China and North Korea Wednesday held a "strategic dialogue" on denuclearisation on the Korean Peninsula.
- 'Bhaag Milkha Bhaag' not a sports film: Rakeysh Omprakash Mehra IANS
Mumbai, June 19 (IANS) Producer-director Rakeysh Omprakash Mehra, who is all set to release his film, "Bhaag Milkha Bhaag", based on the life of former athlete Milkha Singh, said that the film was not based on sports and could have been on anybody in an endeavour to show the human spirit.
- Sonia surveys flood-hit Uttarakhand, seeks quick relief for victims IANS
New Delhi, June 19 (IANS) Congress president Sonia Gandhi, who conducted an aerial survey of the flood-affected areas of Uttarakhand along with Prime Minister Manmohan Singh Wednesday, sought quick relief for stranded people, a party statement said.
- Champions Trophy scoreboard: England vs South Africa, Semi-final IANS
London, June 19 (IANS) The following is the scoreboard of the Champions Trophy semi-final between England and South Africa at The Oval here Wednesday.
- Rahul Gandhi's 43rd birthday celebrated outside Congress headquarters IANS
New Delhi, June 19 (IANS) Celebrations by Delhi Congress workers and members of the Youth Congress marked the 43rd birthday celebrations of party vice president Rahul Gandhi, who wanted it to be a low key affair, party sources said Wednesday.
- Kharge takes charge as railway minister IANS
New Delhi, June 19 (IANS) Newly-appointed Railway Minister Mallikarjun Kharge took charge of his portfolio Wednesday, a statement said.
- Swollen Yamuna claims one life, 5,000 evacuated IANS
New Delhi, June 19 (IANS) A man drowned in the Yamuna river while bathing near its bank, while 5,000 people were evacuated from inundated low-lying areas along the banks Wednesday as water rose to an unprecedented 207.20 metres, the highest since 1978, a Delhi government official said.
- 'Bhaag Milka Bhaag' not banned in Pakistan: Mehra IANS
Mumbai, June 19 (IANS) "Bhaag Milkha Bhaag" director-producer Rakeysh Omprakash Mehra Wednesday rubbished rumours of the film being banned in Pakistan, saying on the contrary, they had got three different offers from there and also an invite to the entire cast and crew.
- Obama proposes further US, Russian nuclear arms cut IANS
Washington, June 19 (IANS) US President Barack Obama, currently on an official visit to Berlin, Wednesday proposed plans for America and Russia to further cut their strategic nuclear warheads.
- Dikshit announces Rs.10 crore for Uttarakhand IANS
New Delhi, June 19 (IANS) Delhi Chief Minister Sheila Dikshit Wednesday announced Rs. 10 crore for those affected in the devastating floods in Uttarakhand.
- England enter final with emphatic win over South Africa IANS
London, June 19 (IANS) England entered their second Champions Trophy final steam-rolling South Africa in the tournament's first semifinal match at the Kennington Oval here Wednesday.
- Gold import curbs may have adverse impact: Trade lobby IANS
Bhubaneswar, June 19 (IANS) A trade body Wednesday said the restriction on import of gold imposed recently by the government may bring short-term benefits but warned it would do more harm than good for the nation in the long run.
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