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Verizon revenue rises steadily, driven by wireless service growth

Record numbers of new tablet users, and the first rise in fixed-line revenue in seven years, drove Verizon Communications’ second-quarter revenue up 5.7 percent year on year, it reported Tuesday. Revenue for the quarter ended June 30 totaled US$31.5 billion, up from $29.8 billion a year earlier. Wireless services continued to contribute the bulk of the company’s revenue and growth, rising 5.9 percent to $18.1 billion, from $17.1 billion a year earlier. The company signed up 1.4 million net new retail postpaid customers, 1.15 million of them tablet users. That takes the company’s total number of retail connections to 104.6 million, 75 percent of them smartphone users. To read this article in full or to leave a comment, please click here Read more here: PC World Magazine Latest News...

Ukraine votes to call up more military reserves to protect border

Ukraine’s parliament approved a presidential decree on Tuesday to call up more military reserves and men under 50 to fight rebels in eastern Ukraine and defend the border against a concentration of troops in Russia. Some 45 days after the latest call-up of additional reserves, which has now expired, Kiev repeated the decree to “declare and conduct partial mobilization” to ensure the ranks of what Ukraine calls its “anti-terrorist operation” are filled. After the vote, brief scuffles broke out between nationalist politicians and members of the party that was led by the former president, Viktor Yanukovich, who was overthrown in February. The army is under orders not to use air strikes and artillery in the cities, complicating operations to restore control despite Kiev’s accusations that the rebels were responsible for the shooting down of a Malaysian airliner. Read more here: Yahoo Politics News...

Dozens of Turkish police detained for alleged spying on government

By Daren Butler ISTANBUL (Reuters) - Dozens of Turkish police including high-ranking officers were detained on Tuesday, accused of spying and illegal wire-tapping of Prime Minister Tayyip Erdogan and his inner circle in what the chief prosecutor said was a concocted probe of an alleged terrorist group. The former Istanbul anti-terror police chief, himself among those detained and led away in handcuffs, said the incident was entirely political, coming just a few weeks ahead of a presidential election in which Erdogan is standing. The operation follows a stream of purges targeting the police, judiciary and state institutions this year which government critics have condemned as a symptom of Erdogan’s tightening grip. Police conducted raids in 22 provinces, and officers involved in a separate government corruption probe which emerged in December and led to the departure of four ministers were among those detained, Turkish media reported. Read more here: Yahoo Politics News...

Libya oil output slips, fresh fighting in Tripoli

Libyan oil production has fallen, turning back a hard-won increase since April in the revenue flow for the government facing increased fighting around the airport in the capital and in the eastern city of Benghazi. El-Feel, operated by state-run National Oil Corporation and Italy’s ENI, is protected by security guards from the northwestern Zintan region, whose fighters also protect the airport where clashes have gone on for a week. National Oil Company spokesman Mohamed El Harari said output as of Monday was around 450,000 bpd compared with 555,000 bpd on Thursday. At least 47 people have died in the week-long Tripoli airport clashes, which involved artillery, Grad rockets and anti-aircraft guns, in some of the heaviest street fighting since the 2011 civil war. Read more here: Yahoo Politics News...

Investment returns boost insurer Beazley’s first-half profit

Lloyd’s of London insurer Beazley Plc reported a 61 percent rise in first-half profit, thanks to a surge in investment income and a drop in catastrophe payouts. The company’s stock rose as much as 6.6 percent on Tuesday morning, making it among the top percentage gainers on the London Stock Exchange’s FTSE-250 midcap index . Beazley, which writes marine, casualty and property cover, said its pretax profit rose to $132.9 million (77.87 million pounds) in the first-half ended June 30 from $82.3 million a year earlier. Investment income jumped to $46.8 million (27.4 million pounds) from just $300,000 a year earlier. Read more here: Yahoo Politics News...

Egypt calls for Israeli, Palestinian peace talks

CAIRO (AP) — The U.S. and Egypt sought Tuesday to find an end to two weeks of bloodshed in the Gaza Strip, and officials raised the possibility of restarting stalled peace talks between Israel and Palestinian authorities as a necessary step to avoid sustained violence. Read more here: Yahoo Politics News...

Netflix’s Europe expansion seen eating into profits

(Reuters) - Netflix Inc’s planned expansion in Europe would set the video streaming company up for growth, but would increase content and marketing expenses in the near term, analysts said. At least 14 brokerages raised their target price on the company’s stock by as much as $75 to a high of $550 on Tuesday, a day after the company said profit more than doubled in the quarter ended June 30. Netflix said it planned to expand into Germany, France, Austria, Switzerland, Belgium and Luxembourg in September, taking its international addressable market to more than 180 million broadband households — double the current U.S. market. Netflix, which now has over 50 million subscribers, is already present in European countries such as the UK, Denmark, Norway, Sweden and Finland. Read more here: Yahoo Tech News...

FA chairman backs manager Hodgson despite World Cup flop

By Keith Weir LONDON (Reuters) - England coach Roy Hodgson retains the support of the Football Association despite the team’s dismal showing at the World Cup last month, FA Chairman Greg Dyke said on Tuesday. Dyke said he thought Hodgson did “quite a good job” in Brazil and repeated his view that there were too many foreign players in the Premier League for the national team to thrive. “I’ve got a lot of time for him (Hodgson),” Dyke told MPs when asked about the England team’s performance during a parliamentary hearing. “I think it’s going to get tougher and tougher unless we do something about it,” he said, lamenting the fact that only around 30 percent of Premier League players are English. Read more here: Yahoo Politics News...

Xiaomi announces $13 fitness-focused smartband that can also unlock your phone

Chinese smartphone maker Xiaomi is bringing its low-price strategy to wearables, and offering a smart wristband that will sell for a mere $13, the company announced on Tuesday. “I believe this wristband will very soon become the world’s best selling wristband,” said Xiaomi’s CEO Lei Jun during a product launch. Called the Mi Band, the device is meant mainly to be a fitness tracker with a 30-day battery life. But when worn, the wristband can also automatically unlock the user’s smartphone when in close proximity. This gets rid of the annoying need to always input your password into your handset, Lei said. “The first time I tried Xiaomi’s wristband, I couldn’t put it down,” he added. “Once you start using a wristband to unlock your phone, you won’t go back.” To read this article in full or to leave a comment, please click here Read more here: PC World Magazine Latest News...

Soccer-FA chairman backs manager Hodgson despite World Cup flop

By Keith Weir LONDON, July 22 (Reuters) - England coach Roy Hodgson retains the support of the Football Association despite the team’s dismal showing at the World Cup last month, FA Chairman Greg Dyke said on Tuesday. Dyke said he thought Hodgson did “quite a good job” in Brazil and repeated his view that there were too many foreign players in the Premier League for the national team to thrive. “I’ve got a lot of time for him (Hodgson),” Dyke told MPs when asked about the England team’s performance during a parliamentary hearing. “I think it’s going to get tougher and tougher unless we do something about it,” he said, lamenting the fact that only around 30 percent of Premier League players are English. Read more here: Yahoo Sports UK...

Sharks seek repeat success in Christchurch graveyard

(Reuters) - Christchurch has long been a graveyard for South Africa’s Super Rugby teams, but after winning their first match in the city earlier this season, the Sharks are hopeful of repeat success at the usually impenetrable fortress of New Zealand rugby. The Sharks meet the Canterbury Crusaders in Saturday’s semi-final at AMI Stadium, two months after producing a memorable win at the venue that ended a run of 13 years without success for South African sides in the city. The Crusaders were beaten 30-25 by a 14-man Sharks side in May, the first time since 2001 the seven-times Super Rugby champions had lost at home to a South African team. “We have some great memories from that part of the world, a couple of months ago we got an incredible victory there,” coach Jake White said as the Sharks departed on a 36-hour journey from Durban to the South Island, seeking a place in the Super Rugby final on Aug. 2. Read more here: Yahoo Sports UK...

Europe’s economy persistently weak, sanctions a problem-Italy minister

Italian Economy Minister Pier Carlo Padoan said on Tuesday the recent German economic data show that Europe’s economy is much weaker than it was expected to be six months ago, and further economic sanctions against Russia would be a “problem” for all sides. “The macroeconomic picture is disappointing, and recent data on Germany sounds the bell alarm because it indicates that the weakness is more persistent in time and widespread in space than what we expected six months ago,” Padoan said in testimony to the European Parliament’s economic affairs committee. The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday. Read more here: Yahoo Politics News...

Eurotunnel first-half core profit rises, keeps goals

Eurotunnel reported a 6 percent rise in first-half core profit on Tuesday, driven by a recovering British economy, and strong freight and passenger traffic. The operator of the Channel Tunnel linking France and Britain - which carries Eurostar high-speed trains between Paris, Brussels and London, as well as shuttle trains containing passenger cars, coaches and freight trucks - kept its goal for higher profit this year and next. “All our businesses are showing growth,” Chief Executive Jacques Gounon told a conference call. Eurotunnel is still aiming for EBITDA of 460 million euros this year and at least 500 million in 2015, against 449 million last year, Gounon said. Read more here: Yahoo Politics News...

China’s Xiaomi announces latest flagship Mi 4 smartphone

China’s Xiaomi unveiled on Tuesday its new flagship Mi 4 smartphone, aimed squarely at the premium handset market dominated by Apple Inc and Samsung Electronics Co Ltd. The Mi 4 has a 5 inch, 1080p screen and a Qualcomm Inc Snapdragon 801 2.5 Ghz processor, said Chief Executive Lei Jun at a launch event in Beijing. Founded in 2010 by Lei, Xiaomi seeks to cut costs by eschewing brick-and-mortar stores in favour of web-based distribution and word-of-mouth marketing. Xiaomi became the world’s sixth-largest smartphone vendor in the first quarter of 2014, according to data firm Canalys, after repeatedly doubling its sales. Read more here: Yahoo Tech News...

Fernandez heads list of possible Ivory Coast coaches

(Reuters) - Four Frenchmen, including former international Luis Fernandez, have been named on a shortlist of five prospective candidates to take over as national coach of the Ivory Coast, the country’s football federation said. Francis Gillot, Frederic Antonetti, Herve Renard and Fernandez are joined on the shortlist by Manuel Jose, the Portuguese coach who won four African Champions League titles during his time at Egyptian club Al Ahli. The shortlist was put together from a list of 37 prospective candidates, unusually all named on the Ivorian Football Federation’s website (www.fif-ci.com). … Read more here: Yahoo Sports UK...

Shooting champion withdrawn after jacket goes missing

(Reuters) - Commonwealth Games shooting gold medallist Nur Ayuni Farhana Abdul Halim has been left devastated after being ruled out of competing in Glasgow because her competition jacket was lost en route to Scotland. Malaysian Ayuni, who won the gold medal with Nur Suryani Taibi in the 10 metre air rifle pairs in New Delhi four years ago, was due to compete in the 10 metre air rifle and 50m rifle prone events. Team manager Musa Omar said he was left with no choice but to withdraw Ayuni from competition after the missing luggage, believed to be in London, failed to show in time for Monday’s registration ahead of Thursday’s start of competition. “She was a gold medallist last time and now she won’t even get a chance to compete. Read more here: Yahoo Sports UK...

Clippers CEO and Shelly Sterling to testify

LOS ANGELES (AP) — Richard Parsons, the interim CEO of the Los Angeles Clippers, is due to step into the battle of billionaires going on in probate court over the proposed sale of the Los Angeles Clippers. Read more here: Yahoo Sports UK...

Soccer-Fernandez heads list of possible Ivory Coast coaches

Four Frenchmen, including former international Luis Fernandez, have been named on a shortlist of five prospective candidates to take over as national coach of the Ivory Coast, the country’s football federation said. Francis Gillot, Frederic Antonetti, Herve Renard and Fernandez are joined on the shortlist by Manuel Jose, the Portuguese coach who won four African Champions League titles during his time at Egyptian club Al Ahli. Read more here: Yahoo Sports UK...

Credit Suisse to wind down commodities trading

Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business. In presentation slides accompanying the bank’s second-quarter earnings, Credit Suisse said it expected to achieve roughly $75 million (44 million pounds) in savings from the move and reduce risk-weighted assets by $2 billion. “We’ve really for the last close to a year now been actually reducing our capital in (the macro) business as well as our expenses,” Chief Executive Brady Dougan said in a video interview accompanying Credit Suisse’s earnings release. “We have now taken additional steps during the course of the second quarter to actually have made a decision to exit the commodities business.” The bank’s Chief Financial Officer David Mathers told reporters in a call following the earnings that Credit Suisse was a relatively small house in commodities with quite a lot of fixed costs against it, and it was therefore appropriate to exit the business. Read more here: Yahoo Politics News...

Two Turkish soldiers killed in clash with suspected smugglers near Syria border

Two Turkish soldiers were killed in a clash with suspected smugglers near the Syria border, a local official said on Tuesday, as Turkey faces growing international pressure to police a major access route for European foreign fighters. Turkey’s struggle to control illicit movements across its porous 900 km (560 miles) frontier with Syria is getting harder as its neighbour descends deeper into civil war. Staples such as fuel and sugar command high prices in Turkey, meaning a black market is thriving and cash flows back into rebel-held areas in exchange. Late on Monday, a military patrol confronted a group of smugglers trying to cross from Syria into the southeastern Turkish frontier district of Ceylanpinar, sparking a gun battle, Sanliurfa province governor Izzettin Kucuk said. Read more here: Yahoo Politics News...

VA nominee McDonald goes before Congress

WASHINGTON (AP) — President Barack Obama’s choice to lead the beleaguered Veterans Affairs Department is going before the Senate Veterans Affairs Committee for a confirmation hearing as Congress considers a bill to help the next VA leader do his job. Read more here: Yahoo Politics News...

Obama heads off to raise money on the West Coast

WASHINGTON (AP) — Amid a swirl of foreign and border challenges, President Barack Obama is embarking on the one mission that has regularly proved a winner for him — raising money for his fellow Democrats. Read more here: Yahoo Politics News...

Kean closes in on first piece of silverware

SINGAPORE (Reuters) - Former Blackburn Rovers boss Steve Kean remains on course to win his first trophy as a manager after his Brunei DPMM side edged past Geylang International on penalties to reach Friday’s Singapore League Cup final. The Scot, chased out of the English club after some vitriolic abuse from unhappy fans in 2012, could win a rare treble in his first season in Southeast Asia, with Brunei three points clear at the top of the 12-team table and also in the semi-finals of the Singapore Cup. … Read more here: Yahoo Sports UK...
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