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News Feed Latest worldwide news Nickel producers fend off output cuts as losses mount * Nickel miners likely to unveil more writedowns and losses UPDATE 2-India revokes GSK cancer drug patent in latest Big Pharma blow * Ruling follows Supreme Court decision on Glivec in April Streetscapes Ring Around the Collar at 535 Park Avenue The Upper East Side building, completed in 1910, is whitening its soiled terra-cotta base. Brazilian drugmaker Hypermarcas surprises with second-quarter profit SAO PAULO, Aug 2 (Reuters) - Brazilian drugmaker Hypermarcas posted a second-quarter profit on Friday, beating market estimates for a loss as stronger sales offset higher foreign debt-servicing costs... Obama Narrows Field for Fed Chairman to 3 President Obama is said to be choosing between Larry Summers, his former economic adviser; Janet L. Yellen, the Federal Reserves vice chairwoman; and Donald L. Kohn, a former Fed vice chairman. Well Ask Well Does Cooking Strip Red Wines Benefits? Are the health benefits of red wine still available if the wine is reduced by half through cooking and then consumed with the food? Anahad OConnor responds to a reader question. Economic View Owning a Home Isnt Always a Virtue An economist questions whether its wise for government to encourage homeownership over renting. Shopping With Eve Robinson Kitchen Faucets for Cooks and Wannabes Searching for faucets attractive enough for a hypothetical cook and functional enough to satisfy a real one. Missed Connections at La Dfense La Dfense, the business hub of Paris, has long been criticized as dehumanizing and disconnected to the city. Efforts are under way to change that. Obama to nominate Fed's Raskin as U.S. Treasury deputy WASHINGTON (Reuters) - President Barack Obama will nominate Federal Reserve Governor Sarah Bloom Raskin to be the U.S. Treasury Department's No. 2 official, the White House said on Wednesday. A Capsule Look at Majors Played at Oak Hill A capsule look at the five previous majors and one Ryder Cup held at Oak Hill Country Club in Pittsford, N.Y., where the 95th PGA Championship will be played Aug. 8-11 Cameroon medical mercy mission For years, Georges Bwelle watched his father decline in hospitals that couldn't cope. But now he brings aid to others. Data Show Higher Cancer Risk for Mars Astronauts The NASA findings could lead to a search for better shields to block radiation, measures to shorten the trip or a recalibration of allowable risks. Film Academys New Leader Starts by Sizing Up Oscars Cheryl Boone Isaacs, who was elected head of the Academy of Motion Picture Arts and Sciences on Tuesday, started her presidency talking to the producers of the Oscars. The Learning Network Blog 6 Qs About the News | Russia Grants Snowden Asylum for One Year Why has Russian granted one-year asylum to Edward J. Snowden? What does this asylum allow him to do? New Jersey Governor Christie nudged by gun rights group in key primary state NEWARK, New Jersey (Reuters) - A gun-rights group in the bellwether presidential primary state of New Hampshire has warned New Jersey Governor Chris Christie that signing gun control bills passed by his state's Legislature could have consequences if he runs for president in 2016. Congress finally votes to cut student loan interest rates WASHINGTON (Reuters) - U.S. college students will likely pay a reduced interest rate of 3.86 percent on their student loans for the new school year, after lawmakers on Wednesday finally passed a... Crowds flock to a giant pool in China to escape heat July 31 - Thousands of people squeeze into a swimming pool in southwest China to cool down during a heat wave, as temperatures in parts of China soar to more than 35 degrees celcius, state media reports. Sarah Toms reports. Analysis Pope seeks to align Church hierarchy with the pews VATICAN CITY (Reuters) - Some say his trip last week to Brazil, capped by a Mass for 3 million on Copacabana Beach, and the 80-minute, unfiltered news conference on the plane back to Rome, were the... Earnings at Shell and Exxon Fall Sharply in 2nd Quarter Shell said problems in Nigeria and North America weakened its second-quarter results, and Exxon was hurt by lower margins and reduced volumes at its refineries. Corner Office Never Duck Tough Questions, Says Drugstore.comx2019;s Chief Dawn Lepore, chairwoman and chief executive of Drugstore.com, says good leaders direct employeesx2019; energies toward the mission at hand. Zombie airports Back from the dead The global economic crises caused some airports to sit unused and gather moss. Lately, though, these abandoned hubs are finding new life as race tracks, schools and new homes. Milan star 'racially abused' The new football season is still some weeks away, but already in Italy allegations of racial abuse towards AC Milan's Kevin Constant have marred a friendly. Happy 70th birthday, Mick! What a drag it is getting old. Three Penn State Officials Are Ordered to Stand Trial The three former university officials, including the former president Graham B. Spanier, are charged with perjury, conspiracy and other crimes in the Jerry Sandusky case. Venezuela charges 2 in shooting of U.S. officials Venezuelan authorities have arrested two suspects accused of shooting U.S. officials in a strip club earlier this year. Woods takes command after flirting with 59 AKRON, Ohio (Reuters) - Tiger Woods came close to shooting only the sixth 59 on the PGA Tour with an electrifying display in Friday's second round at the WGC-Bridgestone Invitational before he ran out of steam with five holes to play. Embattled head of American Academy of Arts and Sciences to step down BOSTON (Reuters) - The head of the American Academy of Arts Sciences will resign effective July 31 amid a controversy over whether she lied about her academic degrees, the honorary society said on Thursday. Somalis Face a Snag in Lifelines From Abroad Somalia, a nation where 40 percent of the population depends on remittances from abroad, is alarmed by Barclayss plans to suspend the accounts of some money transfer services. Hagel Budget Cuts Could Harm Nation's Defense Pentagon officials insist they are not crying wolf when they say proposed budget cuts could severely harm the military. New Jersey Governor Christie nudged by gun rights group in key primary state NEWARK, New Jersey (Reuters) - A gun-rights group in the bellwether presidential primary state of New Hampshire has warned New Jersey Governor Chris Christie that signing gun control bills passed by his state's Legislature could have consequences if he runs for president in 2016. Rug cut on N.C. House floor A CNN iReport showing people dancing on the floor of the North Carolina House of Representatives near the end of its legislative session is causing a bit of a stir. 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. UPDATE 2-Rogers designs plan to thwart Verizon move into Canada TORONTO, Aug 2 (Reuters) - Rogers Communications Inc , Canada's largest wireless company, is attempting to thwart Verizon Communications Inc's entry into the country by backing a private equity bid... T-Mobile Austria challenges spectrum auction terms VIENNA, Aug 2 (Reuters) - T-Mobile Austria has filed a challenge to the terms of an auction due to be held in September for frequencies that will enable operators to build fourth-generation (4G) networks, its lawyer said. In Catskills, City Buyers Recolonize Bungalows About a dozen former bungalow communities have become co-ops, attracting a new crowd from New York Citys brownstone precincts. Trading at Noon Game over Vivendi sells Activision stake July 26 - Vivendi agrees to sell the majority of its stake in Activision Blizzard for $8.2B. Starbucks profit up on U.S. sales of 034;Refresher034; energy drinks and Frappuccino iced beverages. UPDATE 2-Rogers designs plan to thwart Verizon move into Canada TORONTO, Aug 2 (Reuters) - Rogers Communications Inc , Canada's largest wireless company, is attempting to thwart Verizon Communications Inc's entry into the country by backing a private equity bid for two small carriers that the U.S. telecom giant wants to acquire. Weekend Kitchen David Tanis makes The return of golf's 'Mechanic' Pedro Pinto meets Miguel Angel Jimenez, the oldest ever winner on the European Tour who has recovered from an accident.

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