(Reuters) - Coach Inc on Tuesday again reported soft sales at its North American stores as it continued to face tough competition for handbag shoppers, and the leather goods maker announced the departures of two more executives.
Shares of New York-based Coach, which is known for its Poppy handbags, fell 6.2 percent to $54.25 in premarket trading.
Overall revenue rose 5.8 percent to $1.22 billion in the fourth quarter ended June 29, helped by gains it its men's merchandise and in China.
But sales at its own stores open at least a year fell 1.7 percent in North America, where Coach is competing with fast-growing brands like Michael Kors Holdings Ltd and Fifth & Pacific Cos Inc's kate spade.
Coach's decline stemmed from weak sales in its bread-and-butter business - women's handbags. This was the second drop in North American comparable sales in the last three quarters.
"They have lost some market share, no question about it, especially among young, fashion-conscious shoppers," Edward Jones analyst Brian Yarbrough told Reuters.
Mike Tucci, the head of Coach's North America business is stepping down, as is Jerry Stritzke, its operations chief. Analysts had expected this, given that the two had been believed to be candidates to succeed longtime CEO Lew Frankfurt.
Victor Luis, who oversaw Coach's international expansion, takes the reins from Frankfurt in January.
Still, those departures, along with the previously announced exit of Reed Krakoff, the creative director behind Coach's torrid growth of recent years, come as the company is trying to reignite sales in North America by becoming a "head-to-toe" lifestyle brand offering more footwear and clothing.
"We agree there's a lot going on," Frankfurt said in an interview. But he disputed the notion all these changes were disruptive. "We have a seasoned group of Coach veterans taking on these roles."
Despite the weak North American results, there were some positive signs. Gross profit margin rose slightly, suggesting Coach has not had to discount much.
Francine Della Badia, who currently heads North America merchandising and is succeeding Tucci, said sales of handbags priced at $400 or more had improved. Earlier this year, Coach had been struggling to sell those pricier products.
Sales at department stores also ticked up.
Excluding the effect of currency fluctuations, international sales rose 17 percent, helped by a 35 percent jump in China.
Net income for the quarter fell to $221.3 million, or 78 cents per share, from $251.4 million, or 86 cents per share, a year earlier. Excluding some one-time items, Coach earned 89 cents per share, in line with Wall Street forecasts.
(Reporting by Phil Wahba in New York; Editing by Lisa Von Ahn)
[unable to retrieve full-text content]Toronto-based culture vulture/social bloggerfly shares her arts/culture and entertainment adventures, with a bit of travel and philosophy thrown in. Will your blog be self-published or represented by an agency? At this point, I ...
Cornelia Pillard, a Georgetown law professor who has been nominated by President Barack Obama to the U.S. Court of Appeals for the District of Columbia Circuit, is facing a campaign to tank her nomination from a group that boosts abstinence-only sex education for young people.
Pillard was questioned closely by Republicans during her first confirmation hearing in front of the Senate Judiciary Committee on Wednesday morning about an article she wrote in 1997 that suggested that abstinence-only sex education may violate the equal protection rights of women.
The federal government provides millions of dollars each year to fund abstinence-only sex education that tells young people not to have sex until marriage. The government also funds so-called comprehensive sex ed, which encourages the use of contraception.
"You were arguing that if a state decides to teach abstinence-only, that that decision by state and local officials in your judgment may well be unconstitutional and it is an appropriate role for a federal court to strike [it] down," Sen. Ted Cruz, R-Texas, said on Wednesday, after telling Pillard he had "concerns" about her nomination.
Pillard replied that she was an academic when she wrote the article and was "pushing boundaries" ? asking hypothetical questions about the law. She added that teaching abstinence in itself is not discriminatory, but that using sexual stereotypes in the curriculum may well be.
"Let me say first, I'm a mother," Pillard replied. "I have two teenage children ? one boy and one girl. If my children are being taught in sex education, I want both my children to be taught to say 'no,' not just my daughter. I want my son to be taught that, too. The article was very explicit in saying I don't see any constitutional objection ? to abstinence-only education that does not rely upon and promulgate sex stereotypes."
The law professor identified what she called problematic stereotypes in some sex ed curricula at the time, including statements such as "the girl may need to put the brakes on first to help the boy" and "women gauge their happiness and judge their success on their relationships. Men's happiness and success hinge on their accomplishments."
Pillard hypothesized that teaching these stereotypes using public funds "violates the constitutional bar against sex stereotyping." She wrote that sex education conservatives believe "females' chastity is more important than males'; responsibility for guarding chastity is assigned particularly to females; marriage is the only proper venue for sexual intimacy; men's sex drive and sexual satisfaction is privileged while women's is demonized or ignored; and childrearing is viewed as primarily women's responsibility."
The article has enraged abstinence-only advocates, who are asking senators to oppose Pillard's nomination. "I really believe she has deemed herself unfit for the position," Valerie Huber, the president of the National Abstinence Education Association, told Yahoo News. "Our classes very much promote sexual restraint among both young men and young women equally."
Pillard declined to comment on Huber's criticisms, citing the confirmation process.
While Pillard was questioned closely about the paper, Republicans on the committee also stressed that the D.C. court, which is considered to be the second must influential in the country, after the Supreme Court, does not need new judges because its caseload is lighter than some other appellate courts.
Cruz said he believes Obama's three recent nominations to the D.C. court are "an attempt by the administration to pack that court because the D.C. Circuit has been one of the few restraints on government power exercised by the Obama administration."
Obama also has nominated Patricia Ann Millett and Robert Leon Wilkins to fill empty seats on the court. He announced the three nominations in June, and warned Congress not to block a vote on his picks. "There is no reason aside from politics for Republicans to block these individuals from getting an up or down vote," Obama said at the time.
Sen. Chuck Grassley, a Republican from Iowa, has argued that the D.C. Circuit has too many judges, signaling that Republicans may move to block a vote on Pillard in the full Senate.
Obama's nominations are almost guaranteed to sail through the committee, which is Democrat-controlled.
Pillard worked for the solicitor general's office and the Justice Department under the Clinton administration before joining Georgetown's faculty.
I was in Dallas a few months ago, and received an envelope with a document titled ?Notification of Lyoness America violation of Pyramid, Ponzi, Business Opportunity and Security Regulations. Even though this two page document came from a very well-known direct sales, MLM, Network Marketing expert, we waited and continued to research the regulations and what regulators have been doing to close down money schemes in the USA.
Editor?s Update: It was pointed out to me by Jack Weinzierl, that I stated Lyoness was based out of Australia. I should have stated Austria.
Currently the Financial Fraud Enforcement Task Force, is moving throughout the USA closing down and getting solid convictions and settlements for the consumers. If ?Lyoness is found to be a Pyramid or Ponzi, then you can bet the settlements will be in the multi-millions of dollars. Hopefully, it will not be another Zeek Rewards!
The Financial Fraud Enforcement Task Force is made up of the?senior-level officials from the following federal departments, agencies and offices:
This type of collaboration between agencies may be the biggest in history and is driving the activity we are currently seeing. Sadly, short sellers, critics and many in the media have not yet figured out, that agencies like the FTC (Federal Trade Commission) is not going easy on network marketing companies. Instead they are using their resources to truly nail the?contrepreneurs ? (marketers who use hyped-up promises to sell business opportunities to people eager to be their own boss.) That term was first used by?Lesley Fair in the article titled:?Cracking down on contrepreneurs.
So, back to Lyoness?
?
So even though Lyoness?International have been around for 10 years, that doesn?t make it legal in the USA, and they may have to defend their compensation model if the alligations below are found to be true. This same issue has happened to US based companies who have gone into Great Britain, Austraila, China,?and other counties.
The following are links to other investigative?editorials which seems to strengthen the purported alligations I received. I pulled from BehindMLM, not because I always agree with Oz, but because I trust him to report the facts? And a little subjective opinion from time to time
May 2012:?Lyoness US Review: Cashback and investment returns?
April 2013: Lyoness lawsuits and investigation in Austria
May 2013:?Lyoness CEO: ?It?s all about positions!?
May 2013: Lyoness 2012 Income Disclosure Statement analysis
June 2013: ?Lyoness corporate webinar spells out Ponzi scheme
The above website is dedicated 100% to covering the Lyoness Company worldwide!
Here is the one article I have written over the last couple of years on Lyoness:
May 2012:?MLM News Update: Lyoness Hires MLM Law Firm Grimes & Reese To Represent Them In The USA
You can review the alligations below! We will continue to follow Lyoness and update this community as more info is published.
Contact: Jim Sliwa jsliwa@asmusa.org 202-942-9297 American Society for Microbiology
Researchers from the National Institute of Allergy and Infectious Diseases (NIAID) provide the first proof of concept data showing that a monoclonal antibody can neutralize human norovirus. This research, which could one day lead to effective therapies against the virus, was published online ahead of print in the Journal of Virology.
"We initiated this work because there is presently no virus-specific treatment or vaccine to control the norovirus illness," says Kim Y. Green, a researcher on the study. "Our working hypothesis was that a highly specific norovirus antibody that binds to the outer surface of the virus particle might prevent the ability of the virus to infect susceptible host cells."
The team first isolated genes from chimpanzee immune cells encoding norovirus-specific antibodies. They then converted these into human-compatible full-length immunoglobulin molecules. They successfully tested two of the antibodies against norovirus infection in chimpanzees.
"An effective therapeutic antibody might be explored as both a treatment for norovirus gastroenteritis, and as a disease prevention strategy," says Green. "Consider a developing outbreak scenario in which food-handlers, healthcare workers, deployed military, or travelers could reduce risk of infection, incapacitation, and spread if a safe and inexpensive treatment is immediately available."
Norovirus causes roughly 20 million cases of acute diarrhea and vomiting annually in the US, alone, according to the US Centers for Disease Control and Prevention (CDC). While in most people, symptoms last a day or two, for those with impaired immune systems, and the young and the aged, norovirus can be life-threatening. It is responsible for an estimated 70,000 hospitalizations and 800 deaths annually, and roughly one in 15 Americans get the disease every year. It is unusually contagious, via the fecal-oral route. People who have had norovirus remain highly contagious for at least three days after symptoms abate.
###
A copy of the manuscript can be found online at http://bit.ly/asmtip0713b. The paper is scheduled to be formally published in the September 2013 Journal of Virology.
Journal of Virology is a publication of the American Society for Microbiology (ASM). The ASM is the largest single life science society, composed of over 39,000 scientists and health professionals. Its mission is to advance the microbiological sciences as a vehicle for understanding life processes and to apply and communicate this knowledge for the improvement of health and environmental and economic well-being worldwide.
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?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Contact: Jim Sliwa jsliwa@asmusa.org 202-942-9297 American Society for Microbiology
Researchers from the National Institute of Allergy and Infectious Diseases (NIAID) provide the first proof of concept data showing that a monoclonal antibody can neutralize human norovirus. This research, which could one day lead to effective therapies against the virus, was published online ahead of print in the Journal of Virology.
"We initiated this work because there is presently no virus-specific treatment or vaccine to control the norovirus illness," says Kim Y. Green, a researcher on the study. "Our working hypothesis was that a highly specific norovirus antibody that binds to the outer surface of the virus particle might prevent the ability of the virus to infect susceptible host cells."
The team first isolated genes from chimpanzee immune cells encoding norovirus-specific antibodies. They then converted these into human-compatible full-length immunoglobulin molecules. They successfully tested two of the antibodies against norovirus infection in chimpanzees.
"An effective therapeutic antibody might be explored as both a treatment for norovirus gastroenteritis, and as a disease prevention strategy," says Green. "Consider a developing outbreak scenario in which food-handlers, healthcare workers, deployed military, or travelers could reduce risk of infection, incapacitation, and spread if a safe and inexpensive treatment is immediately available."
Norovirus causes roughly 20 million cases of acute diarrhea and vomiting annually in the US, alone, according to the US Centers for Disease Control and Prevention (CDC). While in most people, symptoms last a day or two, for those with impaired immune systems, and the young and the aged, norovirus can be life-threatening. It is responsible for an estimated 70,000 hospitalizations and 800 deaths annually, and roughly one in 15 Americans get the disease every year. It is unusually contagious, via the fecal-oral route. People who have had norovirus remain highly contagious for at least three days after symptoms abate.
###
A copy of the manuscript can be found online at http://bit.ly/asmtip0713b. The paper is scheduled to be formally published in the September 2013 Journal of Virology.
Journal of Virology is a publication of the American Society for Microbiology (ASM). The ASM is the largest single life science society, composed of over 39,000 scientists and health professionals. Its mission is to advance the microbiological sciences as a vehicle for understanding life processes and to apply and communicate this knowledge for the improvement of health and environmental and economic well-being worldwide.
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
An international group of 23 biology and conservation scientists is calling on the provincial governments and Ottawa to forever prevent the development of at least 50 per cent of the boreal forest that spans the Canadian north.
The Boreal Conservation Science Panel, made up of scientific heavyweights from Canada, the United States, Australia and Great Britain, will present a paper on Monday at the world International Congress of Conservation Biology in Baltimore that says the boreal?s value as a carbon store, fresh water source, and wildlife habitat is crucial to global ecology.
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Although 80 per cent of the boreal is intact, only 10 per cent of the 1.2 billion acres of forest, tundra, peat lands, rivers and lakes is protected. The new report, a copy of which was obtained by The Globe and Mail, says the ?rules and regulations for managing industrial extraction of resources in Canada?s boreal forest have not kept pace with the rapidly expanding footprint of industrial activities and plans.?
The boreal contains the world?s highest densities of terrestrial carbon stores, has the largest surface of fresh water, is the nesting place for billions of song birds, and is home to viable populations of animals like caribou, grizzly bear, lynx and wolf.
?The boreal forest overall has an overriding potential influence on the global climate, marine productivity, the wildlife in the case of birds that move across the entire hemisphere. So it actually has a huge influence on the rest of the world,? said Jeff Wells, the science and policy director for the Boreal Songbird Initiative and one of the authors of the report.
The science indicates that no less than half of the region should be protected from development, Dr. Wells said. ?The exact specifics as to how to parcel that out across different regions and so forth is beyond the scope of what we talked about in the report and obviously would need to be figured out by people working in those regions. But that is the basic overarching guidance.?
It is not the first pitch of this sort. Back in 2007, the International Boreal Conservation Campaign of the Pew Charitable Trusts also argued for expanding the protected area, saying it was one of the world?s five remaining regions that help preserve the global environmental balance.
The report says that, if past rates of forestry continue, an area roughly twice the size of Vancouver Island will be harvested in the boreal region over the next 10 years. Mining exploration is opening previously inaccessible lands to industrial use. And, although existing hydro projects have disrupted the seasonal flow of water over thousands of miles of rivers and streams, many large hydroelectric projects are under construction or consideration.
Jim Burpee, the president of the Canadian Electricity Association, said hydro companies are are committed to sustainable development of Canada?s environmental resources and ecosystems. ?Our position is to pursue strategies and activities that balance the needs of members, stakeholders and the communities where we operate,? Mr. Burpee said, ?while protecting and enhancing the natural resources that will be needed in the future.?
An agreement was signed in May, 2010, among 21 forestry companies and nine environmental groups that covers 72 million hectares of publicly owned boreal forest and commits the companies to the highest forestry management standards. But two of the environmental groups have pulled out, saying not enough was being done.
Dr. Wells said many companies have taken progressive stands on boreal conservation. ?There are great leaders,? he said. ?There are also laggards that are not trying to do as well as they could with those sustainability standards.?
Economy News Headlines - Yahoo! Newshttp://news.yahoo.com/economy/ Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedMon, 22 Jul 2013 01:06:23 -04005Economy News Headlines - Yahoo! Newshttp://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifSurvey: Brighter US economic outlook boosts hiring<p><a href="http://news.yahoo.com/survey-brighter-us-economic-outlook-boosts-hiring-045041796.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rLkSQnN.oCg_DtDBfw6GaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/dc1a202c81924418380f6a706700f477.jpg" width="130" height="86" alt="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" align="left" title="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" border="0" /></a>WASHINGTON (AP) ? Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.</p><br clear="all"/>http://news.yahoo.com/survey-brighter-us-economic-outlook-boosts-hiring-045041796.htmlMon, 22 Jul 2013 01:06:23 -0400Associated Presssurvey-brighter-us-economic-outlook-boosts-hiring-045041796<p><a href="http://news.yahoo.com/survey-brighter-us-economic-outlook-boosts-hiring-045041796.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rLkSQnN.oCg_DtDBfw6GaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/dc1a202c81924418380f6a706700f477.jpg" width="130" height="86" alt="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" align="left" title="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" border="0" /></a>WASHINGTON (AP) ? Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.</p><br clear="all"/>Sato says BOJ will act if needed, wary of China slowdown<p><a href="http://news.yahoo.com/sato-says-boj-act-needed-wary-china-slowdown-034955040.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Qhf4ze87efN4HMWBSHVQ4g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-22T034955Z_2_CBRE96L07NY00_RTROPTP_2_US-JAPAN-ECONOMY-BOJ.JPG" width="130" height="86" alt="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." align="left" title="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." border="0" /></a>By Leika Kihara FUKUSHIMA, Japan (Reuters) - The Bank of Japan is prepared to inject more stimulus if the economy's recovery is threatened, board member Takehiro Sato said on Monday as he pointed to risks such as the slowdown in Chinese growth. He also said the central bank's 2 percent inflation target was a flexible one that does not necessarily have to be achieved rigidly in two years -- a timeframe that had been outlined by BOJ Governor Haruhiko Kuroda. ...</p><br clear="all"/>http://news.yahoo.com/sato-says-boj-act-needed-wary-china-slowdown-034955040.htmlSun, 21 Jul 2013 23:49:55 -0400Reuterssato-says-boj-act-needed-wary-china-slowdown-034955040<p><a href="http://news.yahoo.com/sato-says-boj-act-needed-wary-china-slowdown-034955040.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Qhf4ze87efN4HMWBSHVQ4g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-22T034955Z_2_CBRE96L07NY00_RTROPTP_2_US-JAPAN-ECONOMY-BOJ.JPG" width="130" height="86" alt="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." align="left" title="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." border="0" /></a>By Leika Kihara FUKUSHIMA, Japan (Reuters) - The Bank of Japan is prepared to inject more stimulus if the economy's recovery is threatened, board member Takehiro Sato said on Monday as he pointed to risks such as the slowdown in Chinese growth. He also said the central bank's 2 percent inflation target was a flexible one that does not necessarily have to be achieved rigidly in two years -- a timeframe that had been outlined by BOJ Governor Haruhiko Kuroda. ...</p><br clear="all"/>Japan's ruling bloc wins upper house elections<p><a href="http://news.yahoo.com/japans-ruling-bloc-wins-upper-house-elections-153140123.html"><img src="http://l3.yimg.com/bt/api/res/1.2/lzTAn.lJiu8fGR30vaSEpQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f0a0fe6564be3618380f6a7067006b3b.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" border="0" /></a>TOKYO (AP) ? Japanese Prime Minister Shinzo Abe's ruling coalition won a solid majority in the upper house of parliament in elections, gaining control of both chambers and a mandate to press ahead with difficult economic reforms.</p><br clear="all"/>http://news.yahoo.com/japans-ruling-bloc-wins-upper-house-elections-153140123.htmlSun, 21 Jul 2013 23:35:09 -0400Associated Pressjapans-ruling-bloc-wins-upper-house-elections-153140123<p><a href="http://news.yahoo.com/japans-ruling-bloc-wins-upper-house-elections-153140123.html"><img src="http://l3.yimg.com/bt/api/res/1.2/lzTAn.lJiu8fGR30vaSEpQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f0a0fe6564be3618380f6a7067006b3b.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" border="0" /></a>TOKYO (AP) ? Japanese Prime Minister Shinzo Abe's ruling coalition won a solid majority in the upper house of parliament in elections, gaining control of both chambers and a mandate to press ahead with difficult economic reforms.</p><br clear="all"/>Asian stocks mixed after Japan election<p><a href="http://news.yahoo.com/asian-stocks-mixed-japan-election-032558210.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ltfZty6TbmGvPfxdQP4ERQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4dce2df964c03618380f6a706700501a.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" border="0" /></a>BEIJING (AP) ? Chinese stocks fell but other Asian markets edged up Monday after Japan's ruling party won a majority in parliament's upper house and a mandate to push ahead economic reforms.</p><br clear="all"/>http://news.yahoo.com/asian-stocks-mixed-japan-election-032558210.htmlSun, 21 Jul 2013 23:25:58 -0400Associated Pressasian-stocks-mixed-japan-election-032558210<p><a href="http://news.yahoo.com/asian-stocks-mixed-japan-election-032558210.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ltfZty6TbmGvPfxdQP4ERQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4dce2df964c03618380f6a706700501a.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" border="0" /></a>BEIJING (AP) ? Chinese stocks fell but other Asian markets edged up Monday after Japan's ruling party won a majority in parliament's upper house and a mandate to push ahead economic reforms.</p><br clear="all"/>Obama to begin new series of economic addresses<p><a href="http://news.yahoo.com/obama-begin-series-economic-addresses-000143541.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Jw0K07uUK4Z_G6fquesA1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/a9bca46880a64018380f6a706700a3ce.jpg" width="130" height="86" alt="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" align="left" title="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" border="0" /></a>WASHINGTON (AP) ? Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.</p><br clear="all"/>http://news.yahoo.com/obama-begin-series-economic-addresses-000143541.htmlSun, 21 Jul 2013 20:55:14 -0400Associated Pressobama-begin-series-economic-addresses-000143541<p><a href="http://news.yahoo.com/obama-begin-series-economic-addresses-000143541.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Jw0K07uUK4Z_G6fquesA1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/a9bca46880a64018380f6a706700a3ce.jpg" width="130" height="86" alt="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" align="left" title="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" border="0" /></a>WASHINGTON (AP) ? Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.</p><br clear="all"/>Japan's Abe has chance to show true colors after big election win<p><a href="http://news.yahoo.com/japans-abe-chance-show-true-colors-big-election-003547056.html"><img src="http://l.yimg.com/bt/api/res/1.2/DkDQotPFt3f1hKJRaUYtLg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T211547Z_1_CBRE96K184A00_RTROPTP_2_JAPAN-ELECTION.JPG" width="130" height="86" alt="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" align="left" title="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling coalition scored a decisive victory in an election on Sunday - so big that there are suspicions he will lose interest in difficult economic reforms and pursue his nationalist agenda instead. The victory in the vote for parliament's upper house gives Abe a stronger mandate for his prescription for reviving the stagnant economy. Coincidentally, it could also give lawmakers in his own party, some of whom have little appetite for painful but vital reforms, more clout to resist change. ...</p><br clear="all"/>http://news.yahoo.com/japans-abe-chance-show-true-colors-big-election-003547056.htmlSun, 21 Jul 2013 20:35:47 -0400Reutersjapans-abe-chance-show-true-colors-big-election-003547056<p><a href="http://news.yahoo.com/japans-abe-chance-show-true-colors-big-election-003547056.html"><img src="http://l.yimg.com/bt/api/res/1.2/DkDQotPFt3f1hKJRaUYtLg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T211547Z_1_CBRE96K184A00_RTROPTP_2_JAPAN-ELECTION.JPG" width="130" height="86" alt="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" align="left" title="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling coalition scored a decisive victory in an election on Sunday - so big that there are suspicions he will lose interest in difficult economic reforms and pursue his nationalist agenda instead. The victory in the vote for parliament's upper house gives Abe a stronger mandate for his prescription for reviving the stagnant economy. Coincidentally, it could also give lawmakers in his own party, some of whom have little appetite for painful but vital reforms, more clout to resist change. ...</p><br clear="all"/>Financial services recovery would drive UK economy and jobs - PwCLONDON (Reuters) - A properly run financial services industry would generate a quarter of a million new British jobs by 2020, oiling the wheels of sectors such as manufacturing and retail, a new report says. Research published on Monday by PricewaterhouseCoopers (PwC) suggests that robust regulation and benign economic conditions that help the embattled financial sector to recover would also spur 2-3 percent growth in the economy by the end of the decade. An alternative scenario, in which the financial services sector continues to languish, would bring an unimpressive 0. ...http://news.yahoo.com/financial-services-recovery-drive-uk-economy-jobs-pwc-230522684.htmlSun, 21 Jul 2013 19:04:30 -0400Reutersfinancial-services-recovery-drive-uk-economy-jobs-pwc-230522684China's rate reform points to eventual banking shake-up<p><a href="http://news.yahoo.com/chinas-rate-reform-points-eventual-banking-shake-215700350.html"><img src="http://l3.yimg.com/bt/api/res/1.2/10isEQkpxos4J8aL2nOGdA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T215700Z_1_CBRE96K1OZ900_RTROPTP_2_CHINA-SHADOW.JPG" width="130" height="86" alt="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" align="left" title="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" border="0" /></a>By Pete Sweeney and Gabriel Wildau SHANGHAI (Reuters) - Beijing's move to scrap the floor on lending rates is not yet a game-changer for Chinese banks, but it may have just started the countdown to an eventual industry overhaul which will deprive the banks of virtually risk-free profits. Any liberalization is seen as positive for China's financial sector and the world's second-largest economy. But many Chinese investors fear the nation's banks, which for years have made easy profits from state-mandated spreads between borrowing and lending rates, will struggle to benefit from more competition. ...</p><br clear="all"/>http://news.yahoo.com/chinas-rate-reform-points-eventual-banking-shake-215700350.htmlSun, 21 Jul 2013 17:57:00 -0400Reuterschinas-rate-reform-points-eventual-banking-shake-215700350<p><a href="http://news.yahoo.com/chinas-rate-reform-points-eventual-banking-shake-215700350.html"><img src="http://l3.yimg.com/bt/api/res/1.2/10isEQkpxos4J8aL2nOGdA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T215700Z_1_CBRE96K1OZ900_RTROPTP_2_CHINA-SHADOW.JPG" width="130" height="86" alt="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" align="left" title="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" border="0" /></a>By Pete Sweeney and Gabriel Wildau SHANGHAI (Reuters) - Beijing's move to scrap the floor on lending rates is not yet a game-changer for Chinese banks, but it may have just started the countdown to an eventual industry overhaul which will deprive the banks of virtually risk-free profits. Any liberalization is seen as positive for China's financial sector and the world's second-largest economy. But many Chinese investors fear the nation's banks, which for years have made easy profits from state-mandated spreads between borrowing and lending rates, will struggle to benefit from more competition. ...</p><br clear="all"/>The China disconnect: analysts lose plot on financial stocks<p><a href="http://news.yahoo.com/china-disconnect-analysts-lose-plot-financial-stocks-214527694.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Aszd4F2nsDR2G5TxDXBFXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T214527Z_1_CBRE96K1OFW00_RTROPTP_2_CHINA-ANALYSTS.JPG" width="130" height="86" alt="File photo of a man riding an escalator at the Pudong financial district in Shanghai" align="left" title="File photo of a man riding an escalator at the Pudong financial district in Shanghai" border="0" /></a>By Nishant Kumar HONG KONG (Reuters) - Seventy percent of analysts covering Chinese financial stocks rate them a buy, the highest among the world's top 10 markets for such shares. Yet its financials are the worst performing this year in the group, Thomson Reuters StarMine data shows. That disconnect has been on display in recent weeks, with Chinese financial stocks getting hammered on fears about a credit crunch and the country's slowing economy. While the majority of analysts remain positive, mutual funds have dumped shares and short sellers have moved in. ...</p><br clear="all"/>http://news.yahoo.com/china-disconnect-analysts-lose-plot-financial-stocks-214527694.htmlSun, 21 Jul 2013 17:45:27 -0400Reuterschina-disconnect-analysts-lose-plot-financial-stocks-214527694<p><a href="http://news.yahoo.com/china-disconnect-analysts-lose-plot-financial-stocks-214527694.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Aszd4F2nsDR2G5TxDXBFXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T214527Z_1_CBRE96K1OFW00_RTROPTP_2_CHINA-ANALYSTS.JPG" width="130" height="86" alt="File photo of a man riding an escalator at the Pudong financial district in Shanghai" align="left" title="File photo of a man riding an escalator at the Pudong financial district in Shanghai" border="0" /></a>By Nishant Kumar HONG KONG (Reuters) - Seventy percent of analysts covering Chinese financial stocks rate them a buy, the highest among the world's top 10 markets for such shares. Yet its financials are the worst performing this year in the group, Thomson Reuters StarMine data shows. That disconnect has been on display in recent weeks, with Chinese financial stocks getting hammered on fears about a credit crunch and the country's slowing economy. While the majority of analysts remain positive, mutual funds have dumped shares and short sellers have moved in. ...</p><br clear="all"/>Factbox: Japan PM Abe scorecard: What to watch for after electionTOKYO (Reuters) - Japanese Prime Minister Shinzo Abe cemented his hold on power in an election on Sunday, ending six years of parliamentary deadlock with a big win in the upper house. Here are some key issues and dates to watch, to see whether Abe is using his mandate to keep campaign promises for economic reform. - SALES TAX: Abe's government says it will use April-June GDP data, due August 12, to help judge whether to proceed next April with the planned first phase of doubling the consumption tax to 10 percent over two years. ...http://news.yahoo.com/factbox-japan-pm-abe-scorecard-watch-election-023711101.htmlSun, 21 Jul 2013 17:15:47 -0400Reutersfactbox-japan-pm-abe-scorecard-watch-election-023711101Autos troubles, race at root of Detroit collapse<p><a href="http://news.yahoo.com/autos-troubles-race-root-detroit-collapse-155001770.html"><img src="http://l3.yimg.com/bt/api/res/1.2/IaWo14C3CCmn1c_YNdRBaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/325ee2c727a10918380f6a706700e50b.jpg" width="130" height="86" alt="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge for permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" align="left" title="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge for permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.</p><br clear="all"/>http://news.yahoo.com/autos-troubles-race-root-detroit-collapse-155001770.htmlSun, 21 Jul 2013 17:01:12 -0400Associated Pressautos-troubles-race-root-detroit-collapse-155001770<p><a href="http://news.yahoo.com/autos-troubles-race-root-detroit-collapse-155001770.html"><img src="http://l3.yimg.com/bt/api/res/1.2/IaWo14C3CCmn1c_YNdRBaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/325ee2c727a10918380f6a706700e50b.jpg" width="130" height="86" alt="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge for permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" align="left" title="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge for permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.</p><br clear="all"/>Obama to press Congress to act on economyLooking to retake the initiative on Americans? number one concern, President Barack Obama this week will deliver three speeches on the economy.http://news.yahoo.com/obama-to-press-congress-to-act-on-economy--205050902.htmlSun, 21 Jul 2013 16:50:50 -0400obama-to-press-congress-to-act-on-economy--205050902Europe still sleeping even as Japan, Britain stir<p><a href="http://news.yahoo.com/europe-still-sleeping-even-japan-britain-stir-195153972.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sULwOAluFh3pl4aCPu0dgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T195153Z_2_CBRE96K1J0Z00_RTROPTP_2_ECB-DRAGHI.JPG" width="130" height="86" alt="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" align="left" title="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" border="0" /></a>By Alan Wheatley LONDON (Reuters) - Another month, another listless set of business surveys is likely to show this week just how much the euro zone economy still has to do to get over its debilitating debt and banking crisis. An index based on a poll of purchasing managers across the 17-country bloc probably edged up to 49.1 in July from 48.7 in June, but remained below the watershed of 50 that would signal a resumption of growth, according to economists polled by Reuters. ...</p><br clear="all"/>http://news.yahoo.com/europe-still-sleeping-even-japan-britain-stir-195153972.htmlSun, 21 Jul 2013 15:51:53 -0400Reuterseurope-still-sleeping-even-japan-britain-stir-195153972<p><a href="http://news.yahoo.com/europe-still-sleeping-even-japan-britain-stir-195153972.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sULwOAluFh3pl4aCPu0dgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T195153Z_2_CBRE96K1J0Z00_RTROPTP_2_ECB-DRAGHI.JPG" width="130" height="86" alt="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" align="left" title="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" border="0" /></a>By Alan Wheatley LONDON (Reuters) - Another month, another listless set of business surveys is likely to show this week just how much the euro zone economy still has to do to get over its debilitating debt and banking crisis. An index based on a poll of purchasing managers across the 17-country bloc probably edged up to 49.1 in July from 48.7 in June, but remained below the watershed of 50 that would signal a resumption of growth, according to economists polled by Reuters. ...</p><br clear="all"/>Yields on Egypt T-bills fall on Gulf aid and cabinet hopesCAIRO (Reuters) - Egyptian treasury bill yields tumbled at an auction on Sunday on hopes that the transitional cabinet, armed with billions of Gulf Arab dollars, will shore up the economy and restore political stability. The cabinet, appointed last week, said in a statement after a meeting on Sunday that "the people need to be informed candidly about the size of Egypt's problems, which require quick and decisive action". Egypt received $2 billion in aid from Saudi Arabia on Sunday and $3 billion from the United Arab Emirates on Thursday. "You've got the cabinet now in place ... ...http://news.yahoo.com/yields-egypt-t-bills-fall-gulf-aid-cabinet-154138504.htmlSun, 21 Jul 2013 11:41:38 -0400Reutersyields-egypt-t-bills-fall-gulf-aid-cabinet-154138504US Treasury Secretary Lew in Greece for talks<p><a href="http://news.yahoo.com/us-treasury-secretary-lew-greece-talks-103046575.html"><img src="http://l2.yimg.com/bt/api/res/1.2/opykQxMWOZIpJpm1BXuvFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/9dd58287647a3518380f6a70670082bf.jpg" width="130" height="86" alt="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" align="left" title="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" border="0" /></a>ATHENS, Greece (AP) ? U.S. Treasury Secretary Jack Lew urged Greece on Sunday to continue its efforts to stabilize its debt-ridden economy and capitalize on the sacrifices already made "to ensure prosperity and growth for generations to come."</p><br clear="all"/>http://news.yahoo.com/us-treasury-secretary-lew-greece-talks-103046575.htmlSun, 21 Jul 2013 11:30:57 -0400Associated Pressus-treasury-secretary-lew-greece-talks-103046575<p><a href="http://news.yahoo.com/us-treasury-secretary-lew-greece-talks-103046575.html"><img src="http://l2.yimg.com/bt/api/res/1.2/opykQxMWOZIpJpm1BXuvFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/9dd58287647a3518380f6a70670082bf.jpg" width="130" height="86" alt="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" align="left" title="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" border="0" /></a>ATHENS, Greece (AP) ? U.S. Treasury Secretary Jack Lew urged Greece on Sunday to continue its efforts to stabilize its debt-ridden economy and capitalize on the sacrifices already made "to ensure prosperity and growth for generations to come."</p><br clear="all"/>U.S. Treasury Secretary Lew urges Greece to stick with reforms<p><a href="http://news.yahoo.com/u-treasury-secretary-lew-urges-greece-stick-reforms-151507406.html"><img src="http://l.yimg.com/bt/api/res/1.2/3S54Eu1j0dPxPdqv3MPmcw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T151507Z_1_CBRE96K16DP00_RTROPTP_2_USA-GREECE-LEW.JPG" width="130" height="86" alt="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" align="left" title="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" border="0" /></a>ATHENS (Reuters) - U.S. Treasury Secretary Jack Lew urged Greece on Sunday to persevere with tough economic reforms during a one-day trip to Athens designed to demonstrate Washington's support for the crisis-plagued country. Greek government officials said Lew's talks focused on Greece's fiscal progress before Prime Minister Antonis Samaras meets U.S. President Barack Obama in Washington on August 8. "We recognize the difficult decisions and shared sacrifices of the last few years," Lew told reporters after meeting Samaras at the Acropolis Museum. "Of course the road ahead is still ...</p><br clear="all"/>http://news.yahoo.com/u-treasury-secretary-lew-urges-greece-stick-reforms-151507406.htmlSun, 21 Jul 2013 11:15:07 -0400Reutersu-treasury-secretary-lew-urges-greece-stick-reforms-151507406<p><a href="http://news.yahoo.com/u-treasury-secretary-lew-urges-greece-stick-reforms-151507406.html"><img src="http://l.yimg.com/bt/api/res/1.2/3S54Eu1j0dPxPdqv3MPmcw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T151507Z_1_CBRE96K16DP00_RTROPTP_2_USA-GREECE-LEW.JPG" width="130" height="86" alt="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" align="left" title="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" border="0" /></a>ATHENS (Reuters) - U.S. Treasury Secretary Jack Lew urged Greece on Sunday to persevere with tough economic reforms during a one-day trip to Athens designed to demonstrate Washington's support for the crisis-plagued country. Greek government officials said Lew's talks focused on Greece's fiscal progress before Prime Minister Antonis Samaras meets U.S. President Barack Obama in Washington on August 8. "We recognize the difficult decisions and shared sacrifices of the last few years," Lew told reporters after meeting Samaras at the Acropolis Museum. "Of course the road ahead is still ...</p><br clear="all"/>Japan PM Abe says want to reach sales tax hike decision in autumn<p><a href="http://news.yahoo.com/japan-pm-abe-says-want-reach-sales-tax-135249946.html"><img src="http://l2.yimg.com/bt/api/res/1.2/zikP5NlMcdFZpZcSKwA0LA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T135249Z_1_CBRE96K12K500_RTROPTP_2_CBUSINESS-US-JAPAN-ELECTION-ABE-TAX.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" border="0" /></a>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday that he wants to decide in the autumn whether to proceed with a scheduled sales tax hike next year, while looking carefully at economic indicators. "We have to look at various data, including the April-June GDP figures, and decide what needs to be done to clear hurdles such as beating deflation, achieving economic growth and restoring Japan's fiscal health. I'd like to reach a decision in the autumn," he said. "It will be a difficult decision. ...</p><br clear="all"/>http://news.yahoo.com/japan-pm-abe-says-want-reach-sales-tax-135249946.htmlSun, 21 Jul 2013 09:52:49 -0400Reutersjapan-pm-abe-says-want-reach-sales-tax-135249946<p><a href="http://news.yahoo.com/japan-pm-abe-says-want-reach-sales-tax-135249946.html"><img src="http://l2.yimg.com/bt/api/res/1.2/zikP5NlMcdFZpZcSKwA0LA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T135249Z_1_CBRE96K12K500_RTROPTP_2_CBUSINESS-US-JAPAN-ELECTION-ABE-TAX.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" border="0" /></a>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday that he wants to decide in the autumn whether to proceed with a scheduled sales tax hike next year, while looking carefully at economic indicators. "We have to look at various data, including the April-June GDP figures, and decide what needs to be done to clear hurdles such as beating deflation, achieving economic growth and restoring Japan's fiscal health. I'd like to reach a decision in the autumn," he said. "It will be a difficult decision. ...</p><br clear="all"/>Analysis: Erdogan puts Turkish policymakers in dilemma<p><a href="http://news.yahoo.com/analysis-erdogan-puts-turkish-policymakers-dilemma-130449974.html"><img src="http://l.yimg.com/bt/api/res/1.2/bOzZDC91oGYvgMBjJot_kQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T130449Z_1_CBRE96K10C800_RTROPTP_2_CBUSINESS-US-TURKEY-ECONOMY-ANALYSIS.JPG" width="130" height="86" alt="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" align="left" title="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" border="0" /></a>By Nick Tattersall and Asli Kandemir ISTANBUL (Reuters) - With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place. Rattled by weeks of anti-government protests and with a peace initiative for Kurdish militants looking increasingly fragile, the last thing Prime Minister Tayyip Erdogan needs with an election cycle starting next year is an economic slowdown. ...</p><br clear="all"/>http://news.yahoo.com/analysis-erdogan-puts-turkish-policymakers-dilemma-130449974.htmlSun, 21 Jul 2013 09:04:49 -0400Reutersanalysis-erdogan-puts-turkish-policymakers-dilemma-130449974<p><a href="http://news.yahoo.com/analysis-erdogan-puts-turkish-policymakers-dilemma-130449974.html"><img src="http://l.yimg.com/bt/api/res/1.2/bOzZDC91oGYvgMBjJot_kQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T130449Z_1_CBRE96K10C800_RTROPTP_2_CBUSINESS-US-TURKEY-ECONOMY-ANALYSIS.JPG" width="130" height="86" alt="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" align="left" title="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" border="0" /></a>By Nick Tattersall and Asli Kandemir ISTANBUL (Reuters) - With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place. Rattled by weeks of anti-government protests and with a peace initiative for Kurdish militants looking increasingly fragile, the last thing Prime Minister Tayyip Erdogan needs with an election cycle starting next year is an economic slowdown. ...</p><br clear="all"/>OECD publishes plan to cut tax evasionBy Tom Bergin LONDON (Reuters) - The Organization for Economic Co-operation and Development has (OECD) unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts. Countries are increasingly moving to a standard of sharing information on taxpayers even in the absence of any specific request. This is more likely to flag up inappropriate behavior than the longer established practice of one tax authority starting an investigation into suspicions of wrongdoing, and then making a request for data. ...http://news.yahoo.com/oecd-publishes-plan-cut-tax-evasion-125019172.htmlSun, 21 Jul 2013 08:50:19 -0400Reutersoecd-publishes-plan-cut-tax-evasion-125019172Japan PM's coalition gets majority in upper house: exit polls<p><a href="http://news.yahoo.com/japan-pms-coalition-gets-majority-upper-house-exit-110900568.html"><img src="http://l1.yimg.com/bt/api/res/1.2/OJCTn1FFQyuWJNSj066XuQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T110900Z_1_CBRE96K0UZ500_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" border="0" /></a>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling bloc won a convincing victory in an upper house election on Sunday, media exit polls showed, giving the hawkish leader a mandate for his recipe to revive the economy, while ending a political deadlock and setting the stage for Japan's first stable government since 2006. Abe, who returned to power after his Liberal Democratic Party-led coalition's big win in a December lower house poll, has said he will stay focused on fixing the economy with his "Abenomics" mix of hyper-easy monetary policy, fiscal spending and structural reforms. ...</p><br clear="all"/>http://news.yahoo.com/japan-pms-coalition-gets-majority-upper-house-exit-110900568.htmlSun, 21 Jul 2013 07:09:00 -0400Reutersjapan-pms-coalition-gets-majority-upper-house-exit-110900568<p><a href="http://news.yahoo.com/japan-pms-coalition-gets-majority-upper-house-exit-110900568.html"><img src="http://l1.yimg.com/bt/api/res/1.2/OJCTn1FFQyuWJNSj066XuQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T110900Z_1_CBRE96K0UZ500_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" border="0" /></a>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling bloc won a convincing victory in an upper house election on Sunday, media exit polls showed, giving the hawkish leader a mandate for his recipe to revive the economy, while ending a political deadlock and setting the stage for Japan's first stable government since 2006. Abe, who returned to power after his Liberal Democratic Party-led coalition's big win in a December lower house poll, has said he will stay focused on fixing the economy with his "Abenomics" mix of hyper-easy monetary policy, fiscal spending and structural reforms. ...</p><br clear="all"/>Chinese economy set to turn around, no hard landing: finance minister<p><a href="http://news.yahoo.com/chinese-economy-set-turn-around-no-hard-landing-084036164.html"><img src="http://l2.yimg.com/bt/api/res/1.2/s.9INjNtjUALNZ3GfrbL9w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T084036Z_1_CBRE96K0O3Y00_RTROPTP_2_G20-STATEMENT.JPG" width="130" height="86" alt="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" align="left" title="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" border="0" /></a>SHANGHAI (Reuters) - China's finance minister denied that the world's second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview. The report quoted Lou Jiwei, speaking on the sidelines of the G20 conference on Saturday, saying he expected China's economic growth to end the year at 7.5 percent, the official target rate. ...</p><br clear="all"/>http://news.yahoo.com/chinese-economy-set-turn-around-no-hard-landing-084036164.htmlSun, 21 Jul 2013 04:40:36 -0400Reuterschinese-economy-set-turn-around-no-hard-landing-084036164<p><a href="http://news.yahoo.com/chinese-economy-set-turn-around-no-hard-landing-084036164.html"><img src="http://l2.yimg.com/bt/api/res/1.2/s.9INjNtjUALNZ3GfrbL9w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T084036Z_1_CBRE96K0O3Y00_RTROPTP_2_G20-STATEMENT.JPG" width="130" height="86" alt="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" align="left" title="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" border="0" /></a>SHANGHAI (Reuters) - China's finance minister denied that the world's second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview. The report quoted Lou Jiwei, speaking on the sidelines of the G20 conference on Saturday, saying he expected China's economic growth to end the year at 7.5 percent, the official target rate. ...</p><br clear="all"/>Third of Britons see interest rates rising in next 12 months - poll<p><a href="http://news.yahoo.com/third-britons-see-interest-rates-rising-next-12-230537207.html"><img src="http://l3.yimg.com/bt/api/res/1.2/xoE4dUtx5oAa04JWe3wpaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T230537Z_1_CBRE96J1S5N00_RTROPTP_2_BRITAIN-DOWNGRADE-MOODYS.JPG" width="130" height="86" alt="A bus passes the Bank of England in the City of London" align="left" title="A bus passes the Bank of England in the City of London" border="0" /></a>LONDON (Reuters) - More than a third of Britons think interest rates will rise in the next 12 months, a survey showed on Sunday, suggesting the Bank of England's first attempt to ease concern over higher rates ahead has had little effect beyond financial markets. The bank and its new governor, Mark Carney, will have to hope for more success with their next try - likely to come in more detailed form in early August - as they work to encourage consumers to spend more and spur economic growth. ...</p><br clear="all"/>http://news.yahoo.com/third-britons-see-interest-rates-rising-next-12-230537207.htmlSat, 20 Jul 2013 19:05:37 -0400Reutersthird-britons-see-interest-rates-rising-next-12-230537207<p><a href="http://news.yahoo.com/third-britons-see-interest-rates-rising-next-12-230537207.html"><img src="http://l3.yimg.com/bt/api/res/1.2/xoE4dUtx5oAa04JWe3wpaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T230537Z_1_CBRE96J1S5N00_RTROPTP_2_BRITAIN-DOWNGRADE-MOODYS.JPG" width="130" height="86" alt="A bus passes the Bank of England in the City of London" align="left" title="A bus passes the Bank of England in the City of London" border="0" /></a>LONDON (Reuters) - More than a third of Britons think interest rates will rise in the next 12 months, a survey showed on Sunday, suggesting the Bank of England's first attempt to ease concern over higher rates ahead has had little effect beyond financial markets. The bank and its new governor, Mark Carney, will have to hope for more success with their next try - likely to come in more detailed form in early August - as they work to encourage consumers to spend more and spur economic growth. ...</p><br clear="all"/>Japan PM heads for election victory amid policy concerns<p><a href="http://news.yahoo.com/japan-pm-heads-election-victory-amid-policy-concerns-210648593.html"><img src="http://l1.yimg.com/bt/api/res/1.2/oWcVidMsKvPUQ0fR2Jbl0Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T210648Z_1_CBRE96J1MNJ00_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Prime Minister Shinzo Abe's ruling bloc looks set for a handsome upper house election win on Sunday, cementing his grip on power and setting the stage for Japan's first stable government since the charismatic Junichiro Koizumi left office in 2006. The victory would give the hawkish leader a stronger mandate for his recipe to revive the economy and spell his personal political redemption after he led his party to a defeat in a 2007 upper house election. That poll allowed the opposition to block legislation and led to Abe's resignation two months later. ...</p><br clear="all"/>http://news.yahoo.com/japan-pm-heads-election-victory-amid-policy-concerns-210648593.htmlSat, 20 Jul 2013 17:06:48 -0400Reutersjapan-pm-heads-election-victory-amid-policy-con
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