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News Feed Latest worldwide news SEC investigating IBM over cloud revenue NEW YORK (Reuters) - U.S. regulators are investigating how International Business Machines Corp reports revenue from its cloud computing business, the company said on Wednesday. Leap shares fall as hopes dwindle for a second suitor NEW YORK, July 31 (Reuters) - Shares of Leap Wireless , which earlier this month agreed to be acquired by ATT Inc, fell 2.7 percent on Wednesday after Leap disclosed details of the bid process that diminished investor hopes that a rival bid would emerge. Marvel at the world's biggest ship When the first Triple E Class cargo vessel sails out of the Daewoo Shipbuilding and Marine Engineering yard in Okpo, South Korea, on July 2, an intriguing new age of container shipping will commence. F1 perfects financial success Christian Sylt is the co-author of Formula Money, an annual report examining all aspects of Formula One's finances with detailed data on teams, drivers, sponsors and races. Here, he answers key questions about F1's financial model. Slooow U.S. slips to 9th in Internet speed Land of the free. Home of the brave. Bastion of mediocre Internet speeds. Square Feet Sublets Lure Manhattan Start-Ups Many tech companies in their early stages rent modest spaces from bigger tech companies, and then rent out any leftover space in turn. UPDATE 1-KKR to buy second clinical trials company this year July 31 (Reuters) - KKR Co LP said on Wednesday it had agreed to acquire ReSearch Pharmaceutical Services Inc (RPS) from private-equity peer Warburg Pincus LLC, marking its second announced investment in a global contract research organization in as many months. Cuba reports highest outflow of citizens since 1994 HAVANA (Reuters) - The number of Cubans leaving their country has increased steadily in recent years, the government reported on Wednesday, reaching levels not seen since 1994 when tens of thousands took to the sea in makeshift rafts and rickety boats. 11 killed in China nursing home blaze A squabble over $32 led a nursing home resident to set the building on fire, killing 11 people, Chinese state-run media reported. Is Rio ready for the World Cup? CNN travels to Rio to discover whether the city is ready for the 2014 World Cup. Front Burner An Italian Way to Drink, Tools for At-Home Bartenders and More Florence Fabricants recommendations for the week of July 30. Germany braces for heat wave July 26 - German officials are warning locals to limit their time outside ahead of a heatwave this weekend which is forecast to bring record high temperatures. Deborah Gembara reports. UPDATE 2-DreamWorks sees strong quarter as "Turbo" picks up speed * "The Croods" helps second-quarter profit almost to double Aberdeen, a City With One Foot on the Seafloor Since the early 1970s, Aberdeen, Scotland, has evolved from a gritty fishing town into the world's center of innovation in technology for the offshore energy industry. Stoner comes out of retirement for Honda test Two-wheeled temptation has proved too much for retired MotoGP champion Casey Stoner as he makes a testing comeback. State of the Art Chromecast, Simply and Cheaply, Flings Web Video to TVs Using Wi-Fi, the Google Chromecast makes Internet material watchable on a television for $35. Repeat, $35. CANADA FX-C$ strengthens to session high after Fed statement TORONTO, July 31 (Reuters) - The Canadian dollar firmed to a session high against the U.S. dollar on Wednesday after the U.S. Federal Reserve offered no hint of any near-term stimulus pullback in a... Macau mogul hopes dinosaurs trump volcanoes in new casino resort MACAU (Reuters) - Macau tycoon David Chow is ripping up the fake volcano and Roman amphitheatre that were the show pieces of a failed theme park he built in the Chinese gaming enclave seven years ago. 1,200 inmates escape Benghazi prison after riot Libyan authorities are trying to round up a sea of inmates who escaped from a Benghazi prison. Telecom Italia shares drop on capital hike report MILAN (Reuters) - Telecom Italia shares fell more than 5 percent on Wednesday after a media report said the debt-laden phone group was considering a capital increase. Sports Briefing | Soccer New Soccer Stadium Set for Washington D.C. United and city officials signed an agreement for a new $300 million stadium. The city and the team would split the cost of the stadium, tentatively scheduled to open in 2016. GRAPHIC-Big funding gaps and not enough FDI in emerging markets LONDON, July 31 (Reuters) - Big balance of payment deficits and low levels of bricks-and-mortar direct investment make South Africa, Turkey, Ukraine and India the developing countries most vulnerable... On Rooftops, a Rival for Utilities Big power companies say that incentives for solar power are robbing them of paying customers, setting up a fight for the future of renewable energy. Global Soccer After Soccer Players Death, Questions About Qatar When Christian Bentez left the field after making his debut for the Qatari soccer team El Jaish on Sunday, he seemed fit and well. One day later, he was dead. Today's Economist Spending and Growth A Rejoinder Casey Mulligan may take issue with my view that weak consumer spending undermines economic growth, but he misses some of the nuances of my position, an economist writes. Senators question U.S. energy market settlement with JPMorgan WASHINGTON (Reuters) - Two Democratic Senators on Wednesday asked U.S. energy regulators for more details on how terms of a settlement were reached on alleged power market manipulation in California and the Midwest by a unit of JPMorgan Chase Co. News Analysis U.S. Balancing Act With Egypt Grows Trickier The Obama administration has prodded Egypts generals to restore a democratic government while trying not to jeopardize any future influence on the military or undermine security arrangements. Motherlode Blog Making Medicine Bottles Even More Child-Resistant If you dont get the cap all the way back on, most 3- and 4-year olds can drain a bottle of sweetened medicine in minutes. New flow restrictors could help. Hamilton's first Mercedes win Lewis Hamilton revives his world title hopes with a storming drive in Hungary. Stern Advice Financial advice that is popular - and wrong WASHINGTON (Reuters) - Some financial advice is so oft-repeated that everyone takes it for granted You shouldn't bring debt into retirement. Debit cards are safer than credit cards. Older folks... DealBook Barclays to Raise $12 Billion in Capital Barclays, which has faced several scandals, has come under pressure from British authorities to improve its capital position. The Great Wall, Our Way A two-day hike along a remote stretch of Chinas Great Wall affords endless views without the distraction of crowds. UK expected to avoid gas shortages in coming winter * But low Norwegian production will push UK spot prices up Career Couch Avoiding Collisions of Church and the Workplace When it comes to religious expression at work, employers must balance the interests of the business with their employeesx2019; beliefs, workplace experts say. Sinclair Group Is Buying 7 Allbritton TV Stations The price was $985 million, nearly $100 million more than initial predictions by analysts. Dreamworks Animation's dreamy quarter July 31 - Summary of business headlines Dreamworks profit surges on "Croods" success; SP 500 best month since January; Fed stays on hold; Soros takes stake in Herbalife; Facebook hits IPO price. Bobbi Rebell reports. British royal baby dominates world media - like it or not LONDON (Reuters) - From live TV coverage of a hospital door to a gaggle of royal baby experts, the world's media was in a frenzy on Monday over the arrival of the future heir to the British throne, offering moment-by-moment coverage if very little actual news. For Airgas founder, time to savor rival's hedge fund headache NEW YORK, July 31 (Reuters) - For Airgas Inc founder and Chairman Peter McCausland, there was a fair amount of schadenfreude in the air on Wednesday. Inside China's 'falcon' village In Jilin province, a small village keeps alive Manchu tradition of falcon training. Global climate deal a must despite Copenhagen trauma - Kim June 19 - A pledge by President Obama and Xi to fight climate change is a good first step but its still imperative to broker a global deal, argues World Bank President Jim Yong Kim.

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