Curtains for Rice's State hopes?

By Walter ShapiroBefore the initials CIA came to stand for Covert Intimate Affairs, the battle over the next secretary of state would have been the main event of post-election November. Normally, it doesn’t get better than a brand-name Washington struggle pitting the newly reelected president against the Republican senator he defeated in 2008 over filling the Cabinet post soon to be vacated by an...

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Sina banks on Weibo but weak fourth quarter guidance spooks investors

(Reuters) – Chinese Internet company Sina Corp said its fourth quarter will be hit by a softer economy and posted weaker-than-expected sales guidance, despite a stronger revenue contribution from its hot microblogging platform Weibo.Shares in Sina fell 7 percent after it forecast adjusted net revenue of $ 132 million to $ 136 million in the current quarter,...

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Jamaica to abolish slavery-era flogging law

KINGSTON, Jamaica (AP) — Jamaica is preparing to abolish a slavery-era law allowing flogging and whipping as means of punishing prisoners, the Caribbean country’s justice ministry said Thursday.The ministry said the punishment hasn’t been ordered by a court since 2004 but the statutes remain in the island’s penal code. It was administered with strokes...

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Reckitt trumps Bayer with $1.4 billion bid for Schiff

NEW YORK/LONDON (Reuters) – Reckitt Benckiser Group Plc has trumped Bayer AG‘s agreed deal to buy Schiff Nutrition International Inc with a higher offer of $ 1.4 billion for the U.S. vitamin maker.The bid, which tops Bayer’s $ 1.2 billion price, opens up a potential bidding war for Schiff, whose portfolio of vitamins and nutritional supplements, such...

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NBC to replace “Today Show” producer, source says

(Reuters) – NBC is expected to name Alexandra Wallace, a senior vice president of the network’s news division, as the executive in charge of “The Today Show,” the latest reshuffling of the show’s personnel after it slipped to second in ratings this year behind “Good Morning America.”Wallace, who would be the first woman in charge of the long-running NBC...

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Egypt presses truce as violence escalates

GAZA CITY, Gaza Strip (AP) — Egypt's prime minister rushed to the aid of the Gaza Strip's Hamas rulers Friday in the midst of an Israeli offensive there, calling for an end to the operation. Palestinian militants took advantage of an Israeli halt in fire during the visit to rain rockets on Israel, including a strike on the bustling metropolis of Tel Aviv for a second straight day.Three days of fierce...

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Canada’s Carney says rate hikes “less imminent”

TORONTO (Reuters) – Interest rate hikes have become less imminent than the Bank of Canada once expected, although rates are still likely to rise, central bank Governor Mark Carney said in an interview published on Saturday.“Over time, rates are likely to increase somewhat, but over time, so a less imminent timing relative to our expectation,” Carney said...

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“Twilight Saga” ends with movie love letter to fans

LOS ANGELES (Reuters) – “Twilight” fans bid an emotional farewell this week to Bella, Edward and Jacob in “Breaking Dawn-Part 2,” the romantic book and movie franchise that ignited a pop culture infatuation with blood-sucking vampires and werewolves.The tumultuous love triangle between human girl Bella Swan, vampire Edward Cullen and werewolf Jacob Black,...

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Multibillion-dollar health fund fires watchdog

GENEVA (AP) — The board of a $ 23 billion health fund trying to restore its image fired its top internal watchdog, whose office has been uncovering financial losses.The Global Fund to Fight AIDS, Tuberculosis and Malaria said in a statement Thursday that its board had terminated the employment of Inspector General John Parsons “after a careful review...

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Sources: BP to pay record fine for Gulf Coast disaster

HOUSTON/WASHINGTON (Reuters) - BP Plc is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with the Department of Justice that may be announced as soon as Thursday, according to sources familiar with discussions. Three sources, who spoke to Reuters on condition of anonymity, said BP would...

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