Moody’s warns may downgrade five big Canadian banks

NEW YORK/TORONTO (Reuters) – Moody’s Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row.But the outlook for the sector is no longer as rosy, Moody’s said, because of the risks presented...

Read More..

Amnesty Int: Ivory Coast torturing detainees

ABIDJAN, Ivory Coast (AP) — Ivory Coast security officials are torturing dozens of detainees by administering electric shocks and other forms of abuse, Amnesty International alleged Friday.The victims include people charged with endangering state security in the wake of a recent spate of attacks targeting military installations. Since early August, unknown gunmen have...

Read More..

Amazon’s spending spree to hurt margins now, boost profit later: analysts

(Reuters) – Amazon.com Inc‘s spending spree will hurt margins in the near term but boost profit in the long run, analysts said, after the world’s No.1 internet retailer posted a loss on heavy spending on technology, infrastructure and digital content.Amazon shares were set to open about 2 percent higher on Friday even though the company forecast weak sales ahead of...

Read More..

Jill Scott to star in Fox Searchlight’s ‘Baggage Claim’

NEW YORK (TheWrap.com) – Jill Scott, the Grammy-winning neo soul singer-songwriter, will star in “Baggage Claim” for Fox Searchlight, the studio announced on Thursday.She will appear alongside Paula Patton and Derek Luke in this romantic comedy from writer/director David E. Talbert. Patton will play Montana Moore, a flight attendant who tries...

Read More..

NYC Nanny Stabbing: When Is a Child Too Young to Remember Trauma?

Nessie Krim, a 3-year-old returning from a swim lesson, witnessed a family tragedy that could leave lifelong scars. She and her mother walked into their New York City apartment on Thursday to find her two siblings in the bathtub with their throats slashed, allegedly by their nanny.To add to the horror, the little girl and her mother, 34-year-old Marina Krim, watched...

Read More..

‘Made in France’ Is a Tough Sell—in France

On the cover of the latest Le Parisien magazine, Industry Minister Arnaud Montebourg poses before the French flag in a sailor’s bateau, wearing a Michel Herbelin watch and holding a Moulinex blender—all made in France. Seeking to preserve and create work in France in the face of a 10 percent jobless rate, Montebourg suggests French consumers forgo cheaper imports...

Read More..

Novartis does not expect further sales bans of flu vaccines

ZURICH (Reuters) – The Chief Executive of Swiss drugmaker Novartis is confident its flu vaccines manufactured in Italy are safe and does not expect further countries to ban sales or halt deliveries.In a conference call to journalists, Chief Executive Joseph Jimenez said Novartis shipped the two vaccines produced in Italy to European markets and parts of Asia. He...

Read More..