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News Feed Latest worldwide news City Room Big Ticket | An Heiresss Private Sale Yields $21.85 Million A penthouse at the Trump International Hotel and Tower that was owned by Elizabeth Ross Johnson was the most expensive residential sale of the week. DealBook Wall Streets Exposure to Hacking Laid Bare Five people were accused of hacking into the servers of more than a dozen large American companies and the Nasdaq stock exchange, showing the financial systems vulnerability to cybercrime. Amazon Reports Small Loss as It Focuses on Investments While Amazons razor-thin profits turned to razor-thin losses, the companys revenue increased 22 percent. New Anglo boss targets $3.5 billion lift to fix lagging miner LONDON (Reuters) - Anglo American's new boss laid out his blueprint for a turnaround of the underperforming miner on Friday, vowing to cut costs, halve a $17 billion project pipeline and revive lagging mines to boost cash and returns by 2016. Woods hunts Westwood in Open Tiger Woods and Lee Westwood are in the hunt to end their major drought going into the final round of the British Open. In Tug of War Over New Fed Leader, Some Gender Undertones The choice of who will succeed Ben S. Bernanke to lead the Federal Reserve is roiling Washington as it revives questions about the dearth of women in its top economic policy positions. San Diego Mayor, Facing Charges of Harassment, Says He Will Enter Therapy Besieged by accusations of sexual harassment, Mayor Bob Filner of San Diego said Friday that he would enter two weeks of what he called intensive behavior therapy. Mark Ronson on love for music CNN's Monita Rajpal meets Grammy award-winning Mark Ronson who has produced some of the biggest stars in the industry. Berlin Introduces Foreign Affairs, a Festival for Dance Foreign Affairs, a new 18-day festival in Berlin, is a platform for outside-the-box dance, an art that had been somewhat neglected in Germany in comparison with opera or theater. DealBook JPMorgan Executive May Escape Penalty While the Federal Energy Regulatory Commission and JPMorgan are negotiating a settlement, Blythe Masters, a top bank executive, is not expected to face a separate action. Rising Price Index Hints at Rebound in Japan The 0.4 percent rise in core consumer prices was an encouraging sign for the Bank of Japan, which is eager to end 15 years of grinding deflation. North Korean Leader Supports Resumption of Nuclear Talks, State Media Say Kim Jong-un, the leader of North Korea, met with a top-ranking Chinese official at a time when relations between the two allies are being tested by the Norths nuclear program. Yacht hotel With land at a premium, an increasing number of developers are turning to floating hotels. Introducing Gibraltar's new $200m five-star yacht hotel. Mermaids dive for octopus In a tiny Korean fishing village, "mermaids" dive for abalone and conch while their sisters cook up a breakfast few foreigners know about. World's best fireworks displays From Bastille Day and 4th July to Chinese New Year and Disney Land, your shots of the world's greatest fireworks. Samsungs Profit Rises, but So Does the Competition Samsung said net income in the second quarter rose to $6.9 billion, an increase of 50 percent, but it expected smartphone sales growth to slow down. Falling Apple dents TD Ameritrade's margin loan balances NEW YORK (Reuters) - The drop in Apple Inc's stock over the last year spread to a core business of discount broker TD Ameritrade Holding Corp - lending to customers against their stock portfolios. Israeli Troupe Has Hearts Wide Open Sharon Eyal, recently of the Batsheva Dance Company in Israel, and Gai Behar have formed a new company, L-E-V, which will have its American premiere this week. Leading light in science, Italy's 'lady of the stars' Hack dies ROME (Reuters) - Astrophysicist Margherita Hack, a popular science writer, public intellectual and the first woman to lead an astronomical observatory in Italy, died on Saturday at the age of 91. In Transit Blog New Self-Guided Tours in France and Italy Butterfield Robinson, a company known for luxury guided tours, is now offering self-guided walking and biking trips in Italy and France. Should Reddit Be Blamed for the Spreading of a Smear? When the Sunil Tripathi rumor went viral after the Boston Marathon bombing, it laid bare the dysfunctional codependence between new and old media. Obama, buoyed by election win, faces new battles WASHINGTON (Reuters) - President Barack Obama had little time to savor victory on Wednesday after voters gave him a second term in the White House where he faces urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move. No Starting QB Yet for Oklahoma; Texas Has Answer Oklahoma coach Bob Stoops was quick to point out there still is no final decision on who will be the starting quarterback for the Sooners this season. Outcry over Cleveland's missing Community activists say hundreds of women are missing in Cleveland - and many are turning up as victims of horrendous crimes. AP Source Tide Froze Football Staffer's Contract Alabama has penalized director of football operations Joe Pannunzio for his role in the Miami scandal while a member of the Hurricanes' staff, according to a person familiar with the situation. Editor's Choice Our best photos from the past 24 hours. ArtsBeat Darrell Jones and Joanna Kotze Win Bessie Awards for Choreography The Bessie Awards on Wednesday announced 40 nominees in several categories and gave awards to Darrell Jones and Joanna Kotze. Listening Post U.S. Urged to Adopt Policy Justifying Intervention A new report argues that the Obama administration should embrace a principle known as responsibility to protect, which it has ignored during two and a half years of civil war in Syria. 'Despicable Me' minions top Sandler's 'Grown Ups 2' at box office July 14 (Reuters) - The mighty minions of "Despicable Me 2" fought off a challenge from Adam Sandler's new comedy sequel "Grown Ups 2" to top the weekend movie charts in the United States and Canada, according to studio estimates. UPDATE 2-Ghana pays a premium as it sells $750 mln 10-year Eurobond JOHANNESBURG/ACCRA, July 25 (Reuters) - Ghana sold a $750 million 10-year Eurobond on Thursday in its second foray into international bond markets but paid a premium to investors wary of its fiscal and current account deficits. DealBook SAC Capital Is Arraigned on a Raft of Criminal Charges In a brief proceeding in Federal District Court in Lower Manhattan, the hedge fund was arraigned on insider trading charges, making it the first large American company to face an indictment in more than a decade. Mahan Has Two-Stroke Lead at Canadian Open Hunter Mahan birdied the final three holes and had eight birdies in his bogey-free round at Glen Abbey to reach 13-under-par 131 through two rounds. Recent Commercial Real Estate Transactions Notable properties that have been recently listed for sale, sold or leased. Today's Economist Growth From the Middle Out, and How It Works President Obama is right to assert that reducing income inequality will help spur growth. Unilever to ditch PwC after 26 years to comply with new UK auditor rule LONDON (Reuters) - Unilever is looking for a new auditor, after 26 years with PwC, to comply with a new rule, prompted by questions over why accountants gave banks a clean bill of health just weeks before they were rescued by taxpayers in the 2008 financial crisis. Brazen Attacks at Prisons Raise Worries of Al Qaedas Strength in Iraq The audacity of the assaults on Sunday, in which hundreds of inmates escaped, underscored the deterioration of Iraqs stability in recent months. Inspiration for 'Contact' still listening From a remote valley in Northern California, Jill Tarter is listening to the universe. Lawnmower racers try to mow down rivals July 17 - Competitors aim to be a cut above the rest at the world championships for lawnmower racing. Tara Cleary reports. Memo From Europe A Continent Mired in Crisis Coins a Language of Economic Pain In country after country in Europe, the economic crisis has spawned its own language, brought exotic financial terms into popular use, and generated a darkly humorous slang. Xerox profit beats estimates on restructuring (Reuters) - Xerox Corp reported higher-than-expected second-quarter earnings on Thursday on growth in its services division and reiterated its full-year targets as its restructuring efforts showed signs of paying off.

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