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News Feed Latest worldwide news Tod's chief set to pocket over $135 mln from Saks sale NEW YORK/MILAN, July 29 (Reuters) - Italian businessman Diego Della Valle is set to pocket around $136 million profit through the planned sale of U.S. department store operator Saks that was... Russia loses $200 million satellites as launch ends in flames ALMATY, Kazakhstan (Reuters) - A Russian rocket carrying three navigation satellites worth around $200 million crashed shortly after lift-off from the Russian-leased Baikonur launch facility in Kazakhstan on Tuesday after its engines suddenly switched off. The New Audio Geeks A high-tech audience catches on to the appeal of high fidelity. Obama aims to change topic, seize initiative in fiscal fights WASHINGTON (Reuters) - President Barack Obama told supporters on Monday that he plans to focus his agenda clearly on the economic challenges of the middle class, a theme he will lay out in a speech... Impregilo leads consortium for $6 bln Saudi subway project MILAN, July 29 (Reuters) - Italy's Impregilo said on Monday it would lead a consortium for a $6 billion project to build part of a subway system for the Saudi Arabian capital, Riyadh. NY's political sex scandal It sounds like a plot line straight out of the TV show "Scandal" In the midst of an attempted comeback, a disgraced politician finds himself tarred by a fresh round of lurid revelations. UPDATE 2-For Herbalife, investor feud turns into strong results July 29(Reuters) - Nutritional products giant Herbalife said its better than-expected earnings and rosy 2013 outlook were driven by a fast-growing global distributor network and strong demand for its weight-loss shakes and supplements. Secrets below tennis stars' feet CNN's Christina MacFarlane shows us how the French Open maintains its special surface. COLUMN-Banks retreat from physical commodities, maybe Kemp LONDON, July 29 (Reuters) - JPMorgan Chase Co said on Friday it was pursuing "strategic alternatives" for its physical commodities businesses, including its assets and physical trading operations, following an internal review. Letter From Europe A Cash Lure Cast From the Temple The archbishop of Canterbury is waging war on Wonga, one of the biggest high-interest lenders, with the aim to drive the company out of business. Next Mars mission should search for past microbial life science panel CAPE CANAVERAL, Florida (Reuters) - NASA's next mission to Mars should look for past microbial life and collect samples to eventually bring back to Earth, a science advisory group said on Tuesday. Cambodia goes to polls but results all-but-certain Cambodians went to the polls Sunday for an election whose outcome is all but certain five more years in power for long-serving Prime Minister Hun Sen. In Old City of Damascus, War Closes In Straight Street has been known since at least the early years of Christianity for its ramrod course through the twisting alleys of the old city of Damascus. Pakistan pulls 'immoral' condom commercial off air ISLAMABAD (Reuters) - Pakistan has pulled a condom commercial off the air following more than 1,000 complaints that its broadcast was immoral during the fasting month of Ramadan. ArtsBeat The Sweet Spot Why Netflix Matters A. O. Scott and David Carr talk about Netflixs amazing evolution, and how people are watching its critically acclaimed shows. Dot Earth Blog A Closer Look at That North Pole Lake A flurry of Web discussion of a North Pole lake misses some important points. Brokerages cut down on novice hires, turn to experience NEW YORK (Reuters) - As brokerages search for ways to grow in a tight economy, many firms are cutting back on new adviser training programs and instead investing in experience. Britain losing battle against internet crime, lawmakers say LONDON (Reuters) - Britain is losing the battle against cyber crime and needs a new crack crime unit to fight the growing problem in cooperation with its global partners, particularly the European Union, a panel of lawmakers said in a report on Tuesday. World Briefing | Europe Switzerland Armed Men Help Pink Panther Member Escape The gang member escaped with another prisoner after accomplices in two vehicles forced their way through a gate and fired at prison guards. Gay marriage colors pope visit Latin America's growing acceptance of gay marriage is a challenge for Pope Francis ahead of his visit. The Media Equation TV Foresees Its Future. Netflix Is There. Netflix has given a good shaking to the settled world of television it has provided its own series, streamed them over the Internet and made them available all at once everywhere. Snedeker Takes Canadian Open Lead Brandt Snedeker was on seventh tee when he noticed something wasn't quite right. Can racism ever be beaten? Watching dozens of crazed supporters trying to set fire to a stadium makes you question your love of football. Paula Deens Cook Tells of Slights, Steeped in History Dora Charles, who lives in an aging trailer home on the outskirts of Savannah, said Paula Deen held out the promise that together, they might get rich one day. Morsy's son speaks out Osama Morsy, son of former Egypt's president, Mohamed Morsy calls his father's ouster a "coup on democracy" and vows not to let it go. Talks Begin On Mideast, To Doubts On All Sides In making the revival of the Middle East talks his top priority, Secretary of State John Kerry is not only challenging the status quo in the region but also taking on the conventional wisdom in much of the American foreign policy establishment. Spanish train driver charged with 79 counts of homicide SANTIAGO DE COMPOSTELA, Spain, July 28 (Reuters) - The driver of a Spanish high-speed train that derailed was charged with 79 counts of homicide and released pending trial, after appearing before a judge on Sunday evening. Philip Green's Hong Kong venture Arcadia Group owner Philip Green talks to CNN's Monita Rajpal about bringing British high street fashion to Hong Kong. Classic films get African makeover What if The Matrix, and other classic Hollywood movies has been made in Africa? This is what they'd look like. Assad's forces kill 12 rebels taking flour from mill activist AMMAN (Reuters) - At least 12 rebel fighters were killed on Monday as they were taking flour from a mill on the eastern outskirts of the capital Damascus, opposition activists said, in their latest setback at the hands of forces loyal to President Bashar al-Assad. New Zealander Hopes to Hike North and South Korea Roger Shepherd is chasing a dream that no one in living memory has attempted, to hike along the entire mountain range that forms the geological spine of the Korean Peninsula. GLOBAL MARKETS-Stocks fall, dollar hovers near 5-week low as Fed awaited * Nikkei plumbs four-week lows, other Asian markets softer Bush calls N. Korea deal ''unique'' Feb. 14 - President Bush in a wide ranging press conference said the nculear agreement reached with North Korea was good first step N.F.L. Roundup Knee Injury May Sideline Eagles Maclin for Season Wide receiver Jeremy Maclin, who is in the final year of his rookie contract, tore the anterior cruciate ligament in his right knee during a noncontact drill. UPDATE 1-BMW eases path to EV ownership to gain "meaningful" sales LONDON/NEW YORK, July 29 (Reuters) - BMW aims to win a "meaningful" segment of the electric car market with its i-series battery-powered models by offering luxurious styling and packages designed to help owners overcome the traditional hurdles to electric car ownership. Africa's resources to end poverty? Africa stands to reap a windfall from its resources - but not without more transparency and better wealth distribution. London 2012 legacy? Over two-thirds of Britons believe the 9 billion ($13.8 billion) bill for the London Olympics was worth it, but economists and business leaders argue it could take years to see the economic benefits. Critics Notebook Terry Fators Comic Style Successfully Plays to the Middle The comedian Terry Fator brought his genial, unusual ventriloquist act to the New Jersey Performing Arts Center in Newark. Nationals 14, Mets 1 Mets Are Back to Misery; Nationals Show No Mercy The Nationals crushed the Mets to win their series, 3-1. The Mets starter, Carlos Torres, gave up eight runs in three innings. BMW targets "meaningful" sales with electric i-series LONDON (Reuters) - BMW is targeting a "meaningful" chunk of the electric-car market and expects demand to be driven up as urban populations rise, its sales chief said on Monday as he unveiled the company's battery-powered i3 model.

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