Sharp plans to cut 11,000 jobs worldwide

Sharp is set to cut 11,000 jobs and sell assets and plants worth $ 2.7bn as the consumer electronics giant tries to turn its financial fortunes around, according to a report released on Tuesday.

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Facebook boosts its mobile services through its partnership with Bango

Jerimiah Yap – Fourth Estate Cooperative Writer
Menlo Park, CA, United States (4E) – Facebook has partnered with Bango and now accepts mobile payments through various carrier services in the United States. Bango is one of the most popular mobile payment services in the world. Aside from Facebook, retailers, stores and content providers use Bango to collect payments from customers. Facebook has promised investors in the past that it will focus on its mobile side of the business. This entails mobile advertising, mobile payments and a better mobile Facebook app. This is just one of the steps Facebook is undertaking to boost investor confidence in the company. According to Bango, “Facebook’s mobile web users to easily purchase digital [...] Continue Reading…

BCS to consider just six cities for 2015 title game

The Bowl Championship Series will select the host of the 2015 national title game from just six cities, according to sources. The city that will be selected will host the title game on Jan. 12, 2015 that will crown the champion of the Football Bowl Subdivision’s first playoff.

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Flight attendant attempts to bring loaded gun to Philly airport; Airport cop accidentally discharges weapon

A flight attendant was detained and subsequently charged with disorderly conduct after she tried to pass through the Philadelphia International Airport security with a loaded gun in her purse, causing alarm when a police accidentally discharged the weapon while securing it last Sunday.

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German business confidence fell in September

German business confidence for September surprisingly fell, its fifth straight month of decline, as the sovereign debt crisis in Europe continue to dampen economic outlook in the region.

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Crowds pack apple stores for iPhone 5 launch

Die-hard fans of Apple’s iconic smartphone tolerated long overnight lines, cold weather even in some areas, to guard their place outside Apple retail stores around the world to be among the first to buy the new iPhone 5.

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SpaceX, NASA set launch date for first resupply mission

SpaceX engineers are preparing its spacecraft for the first official resupply flight to the International Space Station which is scheduled next month.

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EU preparing for a rescue plan for Spain

Nathan Andrada – Fourth Estate Cooperative Contributor
Brussels, Belgium (4E) – Spain is reportedly in talks with European authorities for a fresh round of rescue plan to be announced next week. The Financial Times reported on Friday that the EU is setting the stage for a rescue plan for Spain and unlimited bond purchases by the European Central Bank (ECB). The EU and Madrid are in discussions for the details of an economic reform package set to be announced next week. Officials familiar with the talks say that the focus of those conversations are the conditions requested by creditors as part of the bailout program, as they need to be outlined first before an announcement of any rescue [...] Continue Reading…

IMF cuts economic growth forecast for South Korea

Citing escalating fiscal woes in the euro zone, the International Monetary Fund (IMF) lowered its growth forecast for the South Korean economy this year.

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Cattle die by the thousands in Swaziland

Lobamba, Swaziland (IRIN) – Cold and wet weather, coupled with overgrazing and poor animal husbandry, has been blamed for the deaths of about 10,000 cattle in Swaziland in the past month – and has increased fears of health risks as people scavenge carcasses for food. “This is the highest number of cattle deaths in the country’s [modern] history,” Zolani Dlamini, the director of the government’s livestock and veterinary services, told local media. Since the rinderpest outbreak in the 1890s, which killed about 90 percent of all stock animals in Swaziland, farming practices have barely evolved in the landlocked country. Cattle are highly valued culturally and represent the only means of financial security for the two-thirds of the [...] Continue Reading…