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Facebook tests adding news stories customized to users’ interests

August 17, 2017 By David Ingram SAN FRANCISCO (Reuters) – Facebook Inc is testing a feature in the Facebook News Feed that provides customized links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend using the world’s largest social media network. The offering, called “Featured Topic,” is being tested on News Feed, the core of Facebook. Each selected item includes a couple of sentences of text on a subject, a link to a…

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ADP case Pershing Square Ackman Tech Top News William Ackman 

Ackman’s Pershing Square says ADP needs to streamline, modernize

August 17, 2017 By Svea Herbst-Bayliss and Michael Flaherty BOSTON/NEW YORK (Reuters) – Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc’s stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman’s hedge fund Pershing Square Capital Management owns 8.3 percent of the $50 billion company and he is asking for board seats for himself plus two independent directors and considering pushing the board to make leadership changes. “The person who…

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Colorado Entertainment series Taylor Swift Top News violence 

Taylor Swift donates to assault victims group after groping win

August 17, 2017 LOS ANGELES (Reuters) – Pop star Taylor Swift has made good on her pledge to support groups that help sexual assault victims following her victory in a Colorado groping trial this week. The 27-year-old “Fearless” singer on Wednesday made what officials described as a generous donation to the U.S. Joyful Heart Foundation, whose mission is to educate, support and campaign on sexual violence issues. “Joyful Heart is honored to be recognized by Taylor Swift for our work on behalf of and in service to survivors of domestic…

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Entertainment Europe John Cleese Sarajevo Film Festival speech Top News 

British actor John Cleese receives career award at Sarajevo Film Festival

August 17, 2017 (Reuters) – British actor and comedian John Cleese received the honorary lifetime achievement award at the Sarajevo Film Festival on Wednesday in the capital of Bosnia and Herzegovina. Cleese, best known as a member of the famous comedy team Monty Python’s Flying Circus, received a standing ovation from fans at the open-air venue where he gave an acceptance speech. “I accept it not as a film person, but more as a comedian because I think at this time in world history, we’ve never needed comedians more,” Cleese…

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Alibaba Taobao China media news Tech Top News 

China targets Alibaba’s Taobao, other e-commerce sites, in VPN crackdown

August 17, 2017 By Cate Cadell BEIJING (Reuters) – Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Five websites have been asked to carry out immediate “self-examination and correction” to remove vendors that sell illegal virtual private networks (VPNs), according to a notice posted by the Zhejiang provincial branch of the Cyberspace Administration of China (CAC), China’s top cyber regulator. Some of them were…

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debt Economy Top News U.S. violence Virginia 

Dollar on defensive after Fed minutes dampen rate hike prospects

August 17, 2017 By Hideyuki Sano TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after the minutes from the Federal Reserve’s last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike. The readout of the July 25-26 meeting showed some members called for halting interest rate hikes until it was clear the inflation trend was transitory, but it also indicated the Fed was poised to begin reducing its $4.2 trillion portfolio of bonds. The dollar also stepped…

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bank debt economic growth Economy gas Top News 

Malaysia seen posting slightly slower second-quarter growth on softer domestic demand

August 17, 2017 By Joseph Sipalan KUALA LUMPUR (Reuters) – Malaysia’s economy is expected to have grown at a slightly slower pace in the second quarter due to weaker private consumption, even as trade remained robust. Southeast Asia’s third-largest economy likely grew 5.4 percent in April-May from a year earlier, easing from 5.6 percent in the first quarter, according to the median of forecasts by 12 economists polled by Reuters. Growth in the first quarter was the strongest in two years, but the pace has been expected to fade, Vaninder…

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AUSTRAC bill Economy government security Top News 

Australia proposes stronger money laundering rules, includes bitcoin

August 17, 2017 SYDNEY (Reuters) – Australia announced a bill on Thursday to strengthen its money laundering laws, including bringing bitcoin providers under the remit of AUSTRAC, the government’s financial intelligence unit. This would be the first stage of reforms to strengthen the country’s Anti-Money Laundering And Counter Terrorism Financing Act, Minister of Justice Michael Keenan said in a press release. The bill also aims at bolstering AUSTRAC’s investigation and enforcement powers, just days after the agency accused the Commonwealth Bank of Australia of “serious and systemic” breaches of money…

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Hyunjoo Jin Additional launch Maki Shiraki Tech Tesla Top News 

Hyundai Motor to launch electric vehicle with 500 km range after 2021

August 17, 2017 By Hyunjoo Jin SEOUL (Reuters) – Hyundai Motor Co said on Thursday it will launch a long-range electric vehicle with a driving range of 500 km (311 miles) per charge after 2021, seeking to address investor concerns that it is lagging rivals in the green car race. The automaker and affiliate Kia Motors Corp, which together rank fifth in global vehicle sales, also said they are planning 31 eco-friendly models by 2020, up from a previously flagged 28. The new additions include three plug-in hybrid vehicles, which…

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China Tencent HK media results Tech Top News 

China’s Tencent set to open 5.3 percent up after strong second-quarter

August 17, 2017 HONG KONG (Reuters) – Shares of China’s Tencent Holdings are set to open 5.3 percent higher on Thursday after the world’s largest gaming company reported a forecast-beating quarterly profit. The stock is set to open at record high at HK$340.40. That compared with a 0.7 percent rise in the benchmark index. China’s biggest gaming and social media firm by revenue, trumped forecasts on Wednesday to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising. (Reporting by Donny Kwok; Editing by…

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