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Updated: 43 min 59 sec ago

Ericsson books Q4 goodwill impairment in digial and media arms

Tue, 01/16/2018 - 02:46

Ericsson books Q4 goodwill impairment in digial and media armsSwedish mobile network gear maker Ericsson booked an impairment of 14.2 billion crowns ($1.8 billion) in the fourth quarter, related primarily to goodwill in its digital and media operations, hitting operating income but not cashflow. "The majority of goodwill originates from investments made 10 years ago or more, and has limited relevance for Ericsson's business going forward," Ericsson said in a statement. Once the world's biggest manufacturer of mobile network gear, Ericsson has been hit by competition from Huawei [HWT.UL] and Nokia , while telecom operator spending has slumped ahead of the roll-out of next-generation 5G technology.


China economy beat expectations in 2017: AFP survey

Tue, 01/16/2018 - 01:30

 AFP surveyChina's economy exceeded Beijing's annual growth target in 2017, analysts said in an AFP survey, overcoming the government's battles against massive debt and pollution-spewing factories. Premier Li Keqiang last week said he expected growth to have come in "around 6.9 percent". The government statistics bureau will release its official figures on Thursday.


China's economy set to slow to 6.5 percent in 2018 as government turns off cheap money: Reuters poll

Mon, 01/15/2018 - 22:38

 Reuters pollChina's economy is expected to cool this year as a government-led crackdown on debt risks and factory pollution drag on overall activity, a Reuters poll showed on Tuesday. Beijing is in the second year of a relentless campaign to wean China off its debt-heavy investment model, clamping down on everything from speculative property lending to shadow-bank financing activities as policy makers look to foster sustainable longer term growth. A government-led infrastructure spending spree, which partly contributed to better-than-expected growth last year, may "fare below expectations" due to tighter financial scrutiny, said Zhang Yiping, an analyst with China Merchant Securities.


Across the Mideast, Palestinians brace for Trump aid cuts

Mon, 01/15/2018 - 22:38

Across the Mideast, Palestinians brace for Trump aid cutsSHATI REFUGEE CAMP, Gaza Strip (AP) — Mahmoud al-Qouqa can't imagine life without the three sacks of flour, cooking oil and other staples he receives from the United Nations every three months.


2019 Jeep Cherokee: The Baby Grand

Mon, 01/15/2018 - 22:01

 The Baby GrandIt wasn't actually broke, but it's been fixed.


Botched Photo Shoot Brings Viral Glory To Missouri Family

Mon, 01/15/2018 - 19:53

Botched Photo Shoot Brings Viral Glory To Missouri FamilyIt’s a fact of life: Nice family photos never go viral, as one family in St. Louis, Missouri recently discovered.


13 Siblings 'Held Captive' By Parents, Some In Chains And Starving, Police Say

Mon, 01/15/2018 - 19:08

13 Siblings 'Held Captive' By Parents, Some In Chains And Starving, Police SayAuthorities discovered 12 siblings, some in chains and starving, inside their parents home in Perris, California on Sunday.


North Korea to send orchestra to Winter Olympics as talks continue over single flag at opening ceremony

Mon, 01/15/2018 - 18:54

North Korea to send orchestra to Winter Olympics as talks continue over single flag at opening ceremonyNorth Korea will send an 80-piece orchestra and a further 60 singers and dancers to perform concerts in South Korea during the upcoming Pyeongchang Winter Olympic Games. The Samjiyon band will perform folk songs and "masterpieces" that call for reunification of the Korean Peninsula in concerts in Seoul and Gangneung, which is hosting a number of events in the Games, Lee Woo-sung, the head of the South Korean delegation to the talks, told reporters. The delegation from Pyongyang made its offer during a second round of discussions on North Korea's participation in the games with their South Korean counterparts on Monday. Speaking at the outset of the meeting, Kwon Hyok-bong, the head of the North's negotiating team, said: "We believe that a great symphony will be enthusiastically received."  The North Korean delegation also included Hyon Song-wol, the glamorous leader of the all-female Moranbong Band and rumoured to have been Kim Jong-un's former girlfriend. The Moranbong Band perform in Pyongyang in 2016 Credit: AFP Ms Hyon, who is believed to be in her late 30s, is so highly regarded by the North Korean dictator that she was named an alternate member of the central committee of the Workers' Party of Korea in October 2017. The opening ceremony for the 16-day tournament is scheduled to take place on February 9, with the next round of talks likely to consider a number of additional proposals from both sides. Discussions continue over the proposal that athletes representing both North and South Korea participate together in the opening and closing ceremonies under a "Korean Unification" flag, a blue outline of the peninsula on a white background. The two sides are also exploring the possibility of fielding a joint women's ice hockey team and have filed a request with the International Olympic Committee. Athletes from North and South marched together with a unification flag at the 2006 Winter Olympics in Turin Credit: AP If the IOC grants the request, it will be the first time that a unified Korean team will have taken part in an Olympic event. North Korea has also requested that its athletes, officials, media, performers and "cheering squad" members be permitted to travel to Pyeongchang across the Demilitarised Zone that divides the peninsula. Seoul has agreed to guarantee the delegation's safety during its visit. The Samjiyon band is believed to have been formed in the late 2000s, Yonhap news reported, and has previously performed for high-profile foreign visitors to North Korea. Lee Woo-sung, of the South Korean delegation, answers questions after Monday's meetings Credit: AP "The two sides plan to discuss details, including the venue, stage conditions and other matters, through consultations", a joint statement said. "In this regard, the North will send an advance inspection team at an early date". Progress in the discussions to date has been rapid, although Pyongyang hinted on Sunday that there are still hurdles that need to be overcome. Apparently angered at comments by Moon Jae-in, the South Korean president, about his continued commitment to removing all nuclear weapons from the peninsula, state media said Pyongyang could still decline to take part. "They should know that the trains and buses carrying our delegation to the Olympics are still in Pyongyang", the Korea Central News Agency said in an editorial. "We will, as ever, strive to improve the North-South ties, but will never remain an onlooker to sordid acts ... chilling the efforts".


Stealth and Speed: America's SR-71 Blackbird Might Be Old (But Still the World's Fastest Plane)

Mon, 01/15/2018 - 17:30

 America's SR-71 Blackbird Might Be Old (But Still the World's Fastest Plane)The Blackbird’s design reflected the fact that it was pushing the limits. The SR-71’s J58 engines could only start through use of two vehicle-mounted V8 starter engines, and the triethylborane used in the fuel would belch green flames during ignition. The J58s would switch to a partial ramjet mode at high speeds, such that the SR-71 actually became more fuel efficient when it went faster.


California highway to stay shut another week after mudslides

Mon, 01/15/2018 - 16:44

California highway to stay shut another week after mudslidesLOS ANGELES (AP) — Crews working around the clock cleared boulders, trees and crushed cars from all lanes of U.S. 101, but California officials said Monday the key coastal highway would remain closed for another week after being inundated during mudslides that killed 20 people.


The Latest: Missing man found safe after California mudslide

Mon, 01/15/2018 - 16:34

 Missing man found safe after California mudslideMONTECITO, Calif. (AP) — The Latest on deadly California mudslides (all times local):


Officials Warned Jared Kushner About Friendship With Wendi Deng Murdoch: Report

Mon, 01/15/2018 - 16:27

 ReportU.S. officials warned Jared Kushner earlier this year that his friendship with Wendi Deng Murdoch could be used as a conduit by the Chinese government, The Wall Street Journal reported on Monday.


Simone Biles, 5-Time Olympic Medalist, Says Larry Nassar Sexually Abused Her, Too

Mon, 01/15/2018 - 16:10

Simone Biles, 5-Time Olympic Medalist, Says Larry Nassar Sexually Abused Her, TooGymnast Simone Biles has come forward with allegations of sexual assault against Larry Nassar, the former team doctor for USA Gymnastics and Michigan State University who has been accused of abusing more than 140 women.


Tyler Barriss, accused of making hoax call, regrets death of 'swatting' victim

Mon, 01/15/2018 - 13:49

Tyler Barriss, accused of making hoax call, regrets death of 'swatting' victimTyler Barriss, 25, appears in court for his extradition hearing in Los Angeles, California. Tyler Barriss, the California man accused of making a hoax emergency call that resulted in a fatal police shooting in Kansas, has said he regrets the death of Andrew Finch. Speaking to KWCH-TV from the Kansas jailhouse where he is being held on a $500,000 bond after being charged with involuntary manslaughter, Barris said: “As far as serving any amount of time, I’ll just take responsibility and serve whatever time, or whatever it is that they throw at me.


Selena Gomez's Mom Says She's 'Not Happy' Her Daughter Is Back With Justin Bieber

Mon, 01/15/2018 - 13:42

Selena Gomez's Mom Says She's 'Not Happy' Her Daughter Is Back With Justin BieberSelena Gomez’s mother and former manager, Mandy Teefey, is “not happy” the singer has recently rekindled her romance with Justin Bieber, Teefey told celebrity site Gossip Cop.


Car crashes into second floor dental practice in California

Mon, 01/15/2018 - 13:26

Car crashes into second floor dental practice in CaliforniaA man who had taken drugs before getting behind the wheel of his Nissan Sedan survived relatively unscathed after crashing his car in the second-floor of a house. Police in Santa Ana, California, say that the car, travelling at high speed, clipped the central reservation before launching into the air. It flew about 60 feet before smashing into the second floor of the building, which contained a dental practice. CCTV footage obtained by a local television station captured the moment, and showed the car flying through the air. Unbelievable new surveillance video shows a car hitting a median and launching into the second story of a Santa Ana dentist office. Driver and passenger transported with minor injuries. @NBCLA@ChristineNBCLApic.twitter.com/Yw4poZXUNR— Kenny Holmes (@KHOLMESlive) January 15, 2018 The crash, which happened at about 5.25am on Saturday, rattled guests in a motel next door but the dental practice was closed at the time. The Los Angeles County fire department used a specialized forklift and wrecker to remove the car, the police said.  Two people in the vehicle, although both were rescued suffering only minor injuries One of the two people inside the vehicle was able to exit on his own, but emergency workers had to remove the other person. The driver had minor injuries and remains in hospital, but will likely be charged with driving under the influence.


Saudi Ritz Carlton to reopen after being used as luxury prison in corruption purge

Mon, 01/15/2018 - 12:22

Saudi Ritz Carlton to reopen after being used as luxury prison in corruption purgeThe luxury Riyadh hotel used as a prison during Saudi Arabia's crackdown on corruption will reopen for business next month, suggesting authorities are close to settling the cases of many suspects. Dozens of princes, senior officials and top businessmen were detained and confined in the five-star Ritz-Carlton Riyadh as the government launched the purge in early November. The some 200 detainees occupied half the hotel's 492 rooms. The rest was closed to business. The hotel's website now accepts bookings from Feb. 14, quoting a nightly rate for its cheapest room of 2,439 riyals (£480). Saudi authorities have said they expect the vast majority of suspects to agree to financial settlements of charges against them, and that Riyadh hopes to recover about $100 billion of illicit funds. A small number are expected to be prosecuted. Construction giant Saudi Binladin Group said on Saturday that some of its shareholders might transfer part of their holdings to the state in a settlement with authorities. Chairman Bakr Bin Laden and several family members were detained in the crackdown. In late November, senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching a settlement with authorities that involved paying more than $1 billion, according to a Saudi official. Another top businessman who has been held at the Ritz-Carlton is billionaire Prince Alwaleed bin Talal, chairman and owner of global investment firm Kingdom Holding. A Saudi official said this week that he was negotiating a possible settlement but so far had not agreed on terms. It has been rumoured, Mr Talal, one of the world’s richest men, could be forced to pay as much as $7bn. Saudi Arabia is in the midst of a massive political and economic shake-up, marked by the sudden appointment of Prince Mohammed bin Salman as crown prince in June. The 32-year-old son of the king has spearheaded the unprecedented crackdown on corruption among members of the government and royal family, as he consolidates his grip on power in the kingdom.


MLK's Daughter Says We Must Remember Her Mother's Legacy, Too

Mon, 01/15/2018 - 12:22

MLK's Daughter Says We Must Remember Her Mother's Legacy, TooBernice King says those honoring her father on Martin Luther King Jr. Day should also remember another incredibly important figure in the civil rights movement: her mother, Coretta Scott King.


Pulse-Pounding Rescue Caught on Tape as Firefighters Catch Baby Tossed From Burning Building

Mon, 01/15/2018 - 12:12

Pulse-Pounding Rescue Caught on Tape as Firefighters Catch Baby Tossed From Burning BuildingFire captain Scott Stroup twisted his knee while making the grab.


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