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Jury: Toyota not liable for death of Calif. woman

USA Today Money News Feed - Thu, 10/10/2013 - 4:57am
Camry's lack of brake override system wasn't to blame for crash that killed Calif. woman.
Categories: Financial News

Malala Yousafzai wins Sakharov prize

BBC News World - Thu, 10/10/2013 - 4:57am
Pakistani schoolgirl Malala Yousafzai who was shot in the head by the Taliban wins the EU's Sakharov human rights prize.
Categories: World News

World adopts landmark mercury treaty

BBC News World - Thu, 10/10/2013 - 4:56am
Nations have begun signing a legally binding treaty designed to curb mercury pollution and the use of the toxic metal in products around the globe.
Categories: World News

Libyan PM freed from captivity

BBC News World - Thu, 10/10/2013 - 4:54am
Libyan Prime Minister Ali Zeidan has been released several hours after being seized by militiamen in Tripoli, the government has announced.
Categories: World News

Azeri candidate wants vote annulled

BBC News World - Thu, 10/10/2013 - 4:53am
The main opposition candidate in Azerbaijan calls for the results of Wednesday's presidential election to be cancelled over alleged vote-rigging.
Categories: World News

Fast Retailing's Annual Profit Jumps

Wall Street Journal Online - Thu, 10/10/2013 - 4:50am
Asia's biggest retailer logs a 26% rise in net profit for the year to August fueled by strong sales in Japan and at new Uniqlo clothes stores elsewhere in Asia.
Categories: Financial News

Assange refused to meet Cumberbatch

BBC News World - Thu, 10/10/2013 - 4:49am
Julian Assange refused to meet Benedict Cumberbatch while he was preparing to play the WikiLeaks founder on film, a leaked email reveals.
Categories: World News

Killer Holiday Shopping Tips From the King of Bargains

Time Magazine Latest Money News - Thu, 10/10/2013 - 4:45am
Before blowing money unnecessarily in the shopping-crazed days ahead, consider the deal-finding wisdom of Mark Ellwood, author of the new book Bargain Fever: How to Shop in a Discounted World. In the Q&A that follows, Ellwood explains, among other things, why he hates shopping on Black Friday, why it’s unwise to be purchasing holiday gifts now, why in today’s retail environment it’s never, ever necessary to pay full price for anything—and why it’s probably even worse to get duped into buying something that’s “on sale” and yet still way overpriced. Like your book says, we live in a “discounted world,” in which it’s more difficult than ever to tell what’s a bargain because everything is constantly on sale. Which retailers are the worst offenders in terms of posting the most unrealistic high original prices—which seem to exist only so that the discounts can seem more impressive? Can you name some names? Mark Ellwood: I’ll be happy to name and shame the naughty discount inflaters, though I feel for them, given the pressure of the new retail world. Kohl’s, for instance. A Los Angeles judge ruled in favor of a discount-minded plaintiff who brought a suit against Kohl’s when he found out his suitcase wasn’t exactly the 50% off its $299.99 price tag implied. But that wasn’t the only, well, case. Poor J.C. Penney committed retail hara kiri by excising sales during the fleeting tenure of its CEO Ron Johnson, who had a snooty disdain for discounts and everyday shoppers that would shame Marie Antoinette. Then when it finally reintroduced the idea of a markdown, the firm was caught padding its promotions to make those discounts look heftier. How did no one at its HQ assume that JCP would be under even greater scrutiny in the few months after his exit? Frankly, though, were I to nominate a few charter members of the discount Hall of Shame, it would be outlet mall stores – especially those of department store brands. They’re not exactly artificially inflating prices, but these retailers try every
Categories: Financial News

Buying a Car Online Is About to Get Way Easier

Time Magazine Latest Money News - Thu, 10/10/2013 - 4:45am
Though online shopping has become ubiquitous in recent years, buying a new car remains a distinctly retro experience. However, a new initiative by General Motors may eventually make a visit to the local car dealership obsolete. Throughout the year GM has been quietly piloting a new online service through which people can buy cars from local dealers via the Internet. The initiative, dubbed Shop-Click-Drive, is currently being tested with around 100 dealers around the country. Through the website, customers can browse new cars, obtain pricing quotes, select add-on features, apply for financing and confirm a purchase. The dealers will even deliver the new car to a customer’s driveway. The program, which has generated 900 car sales so far, will be available to all 4,300 GM dealers in the U.S. by the end of the year. “There are some dealers out there who are Internet savvy and enable consumers to do a lot of the experience online,” says Ryndee Carney, manager of cross-brand communications for GM. “What’s different about Shop-Click-Drive is that consumers can virtually complete the whole transaction online all in one place.” (MORE: Automakers Don’t Have Enough Cars to Keep Up With Buyers) Ninety-four percent of consumers globally research cars online before they buy, and about a third would be willing to buy a car over the Internet, according to an annual survey by consulting firm Capgemini. GM says their online initiative is particularly aimed at attracting Millennials, who spend much of their time online and are driving less than their predecessors. Purchases of cars by young people took a particularly hard hit following the recession but recovered somewhat in 2012, when Millennials bought more than 1.2 million new cars, according to data from auto research firm Polk. A push to online sales could help encourage even more young people to become car owners. “This sort of evolution of use of the web in the industry has been going on for quite a while,” says Tom Libby, a senior forecasting analyst at Polk. “It’s in a seller’s best interest
Categories: Financial News

VIDEO: 'Rogue' cleaner tackles US memorials

BBC News World - Thu, 10/10/2013 - 4:37am
While the US government shutdown has meant national parks and monuments have closed, one man is attempting to keep Washington's memorials clean.
Categories: World News

Royal Mail sale: Small bids favoured

BBC News World - Thu, 10/10/2013 - 4:35am
Investors who applied for £750 worth of Royal Mail shares will receive their full allocation, the BBC has learned.
Categories: World News

Belgian statesman Martens dies

BBC News World - Thu, 10/10/2013 - 4:26am
Wilfried Martens, who served nine times as prime minister of Belgium and later led the European Parliament's main centre-right group, dies aged 77.
Categories: World News

'Four killed' in Egypt Sinai attack

BBC News World - Thu, 10/10/2013 - 4:22am
At least four members of Egypt's security forces have been killed in a suicide bombing in northern Sinai, state media and officials say.
Categories: World News

Tech stocks: BlackBerry shares slide, Netflix surges

USA Today Money News Feed - Thu, 10/10/2013 - 4:22am
Company reportedly open to idea of selling itself off in parts.
Categories: Financial News

Why would SEC suspend trading in penny stocks?

USA Today Money News Feed - Thu, 10/10/2013 - 4:16am
Ask Matt: Feds always on prowl for scammers of thinly traded shell company shares.
Categories: Financial News

Teva Pharma plans to cut about 5,000 employees

USA Today Money News Feed - Thu, 10/10/2013 - 4:12am
One of the world's largest generic drugmakers to reduce workforce by 10%.
Categories: Financial News

Taylor to serve jail term in UK

BBC News World - Thu, 10/10/2013 - 4:11am
Liberian ex-President Charles Taylor is to serve his 50-year war crimes sentence in the UK, Justice Minister Jeremy Wright confirms.
Categories: World News

Recession risk seen if debt ceiling isn't raised

USA Today Money News Feed - Thu, 10/10/2013 - 4:08am
A U.S. debt default could send the nation back into recession.
Categories: Financial News

Taliban mocks U.S. government shutdown

USA Today World News - Thu, 10/10/2013 - 3:59am
Calls US politicians 'blood-suckers'
Categories: World News

As Washington argues, Main Street hits the brakes

USA Today Money News Feed - Thu, 10/10/2013 - 3:58am
Businesses halt expansions and delay hiring as the debt ceiling impasse rolls on.
Categories: Financial News

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