Category Archives: business

India turns to corner shops, mobile phones for banking revolution

By Douglas Busvine and Devidutta Tripathy By Douglas Busvine and Devidutta Tripathy NEW DELHI/MUMBAI (NEWS.GNOM.ES) – India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches. The clock is ticking down to a Feb. Continue reading

Hong Kong tycoon’s M&A spree promises bumper year for Asia banks

By Denny Thomas By Denny Thomas HONG KONG (NEWS.GNOM.ES) – Li Ka-shing’s hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month – good news for investment bankers close to the 86-year-old Hong Kong tycoon’s empire. The brisk business – $108 billion of Asia M&A makes it the best start to a year, according to Thomson NEWS.GNOM.ES data – raises hopes that the Chinese Year of the Goat could bring a windfall to a region that has been starved of fees. Li’s companies have single-handedly led the deal flurry. Continue reading

Two dead in apparent murder-suicide at NYC Home Depot: NYPD

NEW YORK (Reuters) – Two people were killed after a shooting in a Home Depot store in Manhattan’s Chelsea neighborhood on Sunday afternoon in what appears to be a murder-suicide, two New York Police Department (NYPD) spokesmen said. One male individual, who preliminary NYPD investigations suggest was the shooter, was declared dead at the scene, Detective James Duffy said Continue reading

U.S. gas prices at April 2009 low, bottom in sight: Lundberg survey

By Luc Cohen By Luc Cohen NEW YORK (NEWS.GNOM.ES) – The average price of a gallon of gasoline in the United States fell 13.3 cents in the past two weeks, falling to its lowest level since late April 2009, but the end of a months-long slide may be near, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell to $2.07 a gallon in the survey dated Jan Continue reading

Sundance doc ‘Hot Girls Wanted’ explores amateur porn

By SANDY COHEN, Associated Press PARK CITY, Utah (AP) — “Teen” is the most searched term in online pornography, and thousands of young people enter the amateur porn industry every day, lured by promises of quick money and hopes for fame. The disturbing world of amateur pornography — professionally produced films made to look like home movies — is exposed in the new documentary by Jill Bauer and Ronna Gradus, “Hot Girls Wanted,” which premiered Saturday at the Sundance Film Festival. Continue reading

Eastern Michigan University women’s basketball player dies in car crash

By Kevin Murphy By Kevin Murphy (Reuters) – A member of the Eastern Michigan University women’s basketball team and another university student died on Sunday in a head-on car crash near campus in Ypsilanti Township, officials said. Continue reading

2 dead in shooting at NYC Home Depot

By Dylan Stableford Two people are dead following a shooting at a Home Depot store in Manhattan on Sunday afternoon, police say. A spokeswoman for the NYPD told Yahoo News that both victims were male employees, and that an investigation was ongoing. According to the Daily News, the gunman, 31, shot the victim, 38, before turning the gun on himself in an apparent murder-suicide. Continue reading

Greece’s anti-bailout Syriza party wins election

By ELENA BECATOROS, NICHOLAS PAPHITIS and DEMETRIS NELLAS ATHENS, Greece (AP) — The anti-bailout Syriza party won a clear victory in austerity-weary Greece’s national election on Sunday, according to projections by state-run TV’s exit poll. Continue reading

US gas prices fell 13 cents per gallon, but expected to rise

CAMARILLO, Calif. (AP) — The average price of a regular gallon of gas dropped 13 cents in the past two weeks to $2.07, but it could soon rise. Continue reading

Senior House Republican says housing finance reform ‘huge priority’

WASHINGTON (Reuters) – A top U.S. Republican lawmaker will revisit a plan to reduce government involvement in the country’s housing finance system, and expects Senate colleagues to be receptive to potential changes, according to an interview aired on C-SPAN on Sunday. Congressman Jeb Hensarling, who chairs the House Committee on Financial Services, said shepherding legislation to remove a government backstop for Fannie Mae and Freddie Mac would be a “huge priority,” adding that he is willing to compromise to get a bill passed Continue reading