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Aug 11, 2011

SPORTS News, Aug 11, 2011

Nadal suffers Montreal meltdown, Djokovic wins
Wed,10 Aug 2011 10:17 PM PDT
Reuters -
photoMONTREAL (Reuters) - Rafa Nadal fluffed his lines on the return from five-week break when the Spanish world number two was stunned 1-6 7-6 7-6 by unheralded Croatian Ivan Dodig in his opening match of the Montreal Masters on Wednesday.

Indians close gap on Tigers with another home win
Wed,10 Aug 2011 10:09 PM PDT
Reuters - CLEVELAND (Reuters) - The Cleveland Indians pounded out hit after hit against Detroit on their way to a 10-3 win on Wednesday that closed the gap on the division-leading Tigers. Full Story

Eagles lure receiver Smith away from rivals NY Giants
Wed,10 Aug 2011 08:55 PM PDT
Reuters -
photoPHILADELPHIA (Reuters) - The Philadelphia Eagles snapped up yet another high-profile free agent Wednesday by luring wide receiver Steve Smith away from NFC East rivals the New York Giants.

Wozniacki latest seed blown out of Toronto Cup
Wed,10 Aug 2011 07:16 PM PDT
Reuters -
photoTORONTO (Reuters) - World number one Caroline Wozniacki headlined the parade of seeded players to fall at the Toronto Cup with a shock loss Wednesday while Maria Sharapova and Serena Williams moved into the last 16.

Giant-killer Vinci finds comfort in sticking to routine
Wed,10 Aug 2011 06:26 PM PDT
Reuters -
photoTORONTO (Reuters) - Roberta Vinci may not be one for superstitions, but the tenacious Italian's routine ahead of her match against Caroline Wozniacki on Wednesday could become commonplace after netting the biggest win of her career.

PGA Championship wide open with Woods no longer a favorite
Wed,10 Aug 2011 05:50 PM PDT
Reuters -
photoJOHNS CREEK, Georgia (Reuters) - Professional golf's shifting landscape is sharply illustrated at this week's PGA Championship where four-times winner Tiger Woods is ranked among the 'others' behind three European favorites.

Djokovic begins reign as number one with wild win
Wed,10 Aug 2011 05:44 PM PDT
Reuters -
photoMONTREAL (Reuters) - Novak Djokovic's reign as world number one got off to a wild start as he scrambled to a 7-5 6-1 win over Russian Nikolai Davydenko at the Montreal Masters on Wednesday, improving his season record to a dazzling 49-1.

Golf-PGA Championship wide open with Woods no longer a favourite
Wed,10 Aug 2011 05:35 PM PDT
Reuters - JOHNS CREEK, Georgia, Aug 10 (Reuters) - Professional golf's shifting landscape is sharply illustrated at this week's PGA Championship where four-times winner Tiger Woods is ranked among the 'others' behind three European favourites. Full Story

INTERVIEW-Golf-'Wild Thing' Daly aims for straight shooting
Wed,10 Aug 2011 03:15 PM PDT
Reuters - JOHNS CREEK, Georgia, Aug 10 (Reuters) - Twenty years after winning the PGA Championship in the most unlikely of circumstances, John Daly is back at the season's final major fervently hoping he can regain form with his driver. Full Story

Defending champion Wozniacki blown out of Toronto Cup
Wed,10 Aug 2011 03:08 PM PDT
Reuters -
photoTORONTO (Reuters) - World number one Caroline Wozniacki suffered a shock exit from the Toronto Cup on Wednesday, falling 6-4 7-5 to Italy's Roberta Vinci in windy conditions that played havoc with her game.

Americans looking to end record winless streak in majors
Wed,10 Aug 2011 02:39 PM PDT
Reuters -
photoJOHNS CREEK, Georgia (Reuters) - After an unprecedented run of six successive majors without a winner from the United States, leading American golfers are hoping the PGA Championship ends the barren run -- even if bookmakers think it unlikely.

Golf-Americans looking to end record winless streak in majors
Wed,10 Aug 2011 02:38 PM PDT
Reuters - JOHNS CREEK, Georgia, Aug 10 (Reuters) - After an unprecedented run of six successive majors without a winner from the United States, leading American golfers are hoping the PGA Championship ends the barren run -- even if bookmakers think it unlikely.Full Story

World Series gets earlier dates for this year
Wed,10 Aug 2011 02:01 PM PDT
Reuters - NEW YORK (Reuters) - Baseball's World Series will not stretch over into November this year, according to the 2011 postseason schedule released by Major League Baseball (MLB) on Wednesday. Full Story

Royals release injured former starter Davies
Wed,10 Aug 2011 01:05 PM PDT
Reuters -
photoNEW YORK (Reuters) - The Kansas City Royals have released injured pitcher Kyle Davies, who had been in their starting rotation for most of the past four years, the team said on Wednesday.

Vegas hits jackpot with PGA Championship debut
Wed,10 Aug 2011 01:01 PM PDT
Reuters - JOHNS CREEK, Georgia (Reuters) - Jhonattan Vegas has enjoyed a dizzyingly successful rookie season on the PGA Tour and it will become even more memorable for him on Thursday when he competes in his first PGA Championship. Full Story

BUSINESS News, Aug 11 2011

Citi Asia prime arm on hiring spree as hedge fund industry booms
Wed,10 Aug 2011 10:45 PM PDT
Reuters - HONG KONG (Reuters) - Citibank will raise headcount at its Asian prime finance unit by 20 percent to 80 this year as it looks to fight for more hedge fund clients in an industry dominated by the likes of Goldman Sachs Group Inc and Morgan Stanley . Full Story

photoHONG KONG/DUBAI (Reuters) - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank , three sources with direct knowledge of the talks told Reuters.

photoSINGAPORE (Reuters) - U.S. stock futures rose 1 percent on Thursday after a sharp drop on Wall Street overnight, limiting losses in Asian share markets, though the focus was shifting to how Europe reacts to a sovereign debt crisis that is now threatening its banking system.

photo(Reuters) - The U.S. securities regulator is probing farm machine maker Deere & Co for possible violations of a law that bars American companies from bribing foreign officials, the Wall Street Journal said citing two people familiar with the matter.

Banks drag Wall Street lower as fear returns
Wed,10 Aug 2011 06:37 PM PDT
Reuters -
photoNEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.

Rupert Murdoch endorses Carey as next in line
Wed,10 Aug 2011 06:02 PM PDT
Reuters -
photoNEW YORK (Reuters) - Rupert Murdoch acknowledged for the first time publicly that his son James is not the preferred choice to succeed him as News Corp CEO, at least in the near-term.

Most Americans say U.S. on wrong track: Reuters/Ipsos poll
Wed,10 Aug 2011 05:55 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said Wednesday.

Kinross Gold's profit soars; co. boosts dividend
Wed,10 Aug 2011 05:12 PM PDT
Reuters - TORONTO (Reuters) - Kinross Gold more than doubled its quarterly profit and raised its dividend payout on Wednesday, as surging bullion prices and acquisition-related production growth helped boost results. Full Story

Rupert Murdoch endorses Carey as next in line
Wed,10 Aug 2011 04:53 PM PDT
Reuters -
photoNEW YORK (Reuters) - Rupert Murdoch acknowledged publicly for the first time that his son James is not the preferred choice to succeed him as News Corp. CEO, at least in the near-term.

Iamgold profit surges; trims production outlook
Wed,10 Aug 2011 04:25 PM PDT
Reuters - TORONTO (Reuters) - Iamgold Corp said on Wednesday its second-quarter operating profit more than tripled, driven by a higher gold price and increased output. Full Story

BofA negotiates to sell big China bank stake: sources
Wed,10 Aug 2011 04:02 PM PDT
Reuters -
photoHONG KONG/DUBAI (Reuters) - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank , sources with direct knowledge of the talks told Reuters.

Citi, BofA, Goldman lead financial stock swoon
Wed,10 Aug 2011 03:39 PM PDT
Reuters -
photoCHARLOTTE, North Carolina (Reuters) - Shares of Bank of America Corp , Citigroup Inc , Goldman Sachs Group and Morgan Stanley skidded Wednesday, evidence that when the market sneezes financial stocks get pneumonia.

SouthGobi Resources Q2 net profit up on higher coal
Wed,10 Aug 2011 03:13 PM PDT
Reuters - (Reuters) - Canadian coal miner SouthGobi Resources Ltd posted a higher quarterly net profit, driven mainly by a rise in average realized coal prices. Full Story

Banks drag Wall Street lower as fear returns
Wed,10 Aug 2011 03:01 PM PDT
Reuters -
photoNEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.

photoWASHINGTON (Reuters) - The Federal Reserve appears increasingly likely to embark on another round of monetary stimulus if the economy continues to lose momentum.