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Ex-Rabobank traders seek dismissal of U.S. charges over Libor scheme

NEW YORK, Aug 27 (Reuters) - Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several banks. Lawyers for Anthony Allen and Anthony Conti told a Manhattan federal judge that prosecutors could not show the British ...
Source: Reuters | By: Nate Raymond
Bad news for Chanel, Gucci as China's boom times end

One of Hong Kong's busiest shopping streets winds past the Times Square center, under slick signs for brands like Mont Blanc (Euronext Paris: MLCMB-FR), Cartier (: ECR-V), Gucci (: GUCG) and Burberry (London Stock Exchange: BRBY-GB). But inside the towering luxury mall, the hum of the crowds below fades into the quiet of rows of mostly empty boutiques. A sales attendant greeted a few people ...
Source: The New York Times | By: Hiroko Tabuchi and Amie Tsang
China rate cut, data surprises send euro zone yields rocketing

* German bond yields close up 18 bps on day * China offers overdue support, analysts expect more * U.S. consumer spending, German business morale impresses * Traders say poor liquidity exacerbating moves (Updates prices, adds quote) LONDON, Aug 25 (Reuters) - Euro zone bond yields shot higher on Tuesday after a brace of solid economic releases in Europe and the U.S, and a rate cut in China ...
Source: Reuters | By: Marius Zaharia and John Geddie
European markets close: Germany bounces back  

Media Link Transcript Germany of the one of the two biggest overseas in Europe it's up. Over 5% bouncing back up from the lawsuit yesterday actually the data from Germany to keep a survey of business sentiment and look really strong the question is the degree to which. That feeds into all the the financial market. Gyrations that we heart beating to base its confidence in Germany or of course ...
Source: CNBC.com
European shares up 4 pct after China rate cut

* FTSEurofirst 300 up 4 pct * Set for best 1-day gain since 2011 after sell-off * Syngenta surges on sign of sweetened Monsanto offer * Chinese shares slump again * Goldman Sachs strategists cut equities position (Adds China cut, comments, stock moves, IFO) LONDON, Aug 25 (Reuters) - European shares rose more than 4 percent on Tuesday, on track for their best one-day gain since late 2011, with ...
Source: Reuters | By: Sudip Kar-Gupta
Market turmoil: Is China to blame?  

Media Link
Source: CNBC.com
Correction: Supermarket Knife Attack story

SACO, Maine (AP) - In a story Aug. 19 about the stabbing death of a woman at a Maine supermarket, The Associated Press, relying on information from police, reported erroneously the gender of the suspect. The suspect was born a woman but has transitioned to a man; the suspect is not a woman. A corrected version of the story is below: Woman dies after stabbing at Shaw's supermarket in Maine ...
Source: The Associated Press
Mental health evaluation disputed in supermarket stabbing

ALFRED, Maine (AP) - Prosecutors and defense attorneys disagreed about a mental health evaluation for a man charged with fatally stabbing a woman in a supermarket during his first appearance in court on Friday. Connor MacCalister is charged with murder in the death of Wendy Boudreau, a 59-year-old mother of several children. MacCalister fatally stabbed Boudreau with a knife at a Shaw's ...
Source: The Associated Press
Woman dies after stabbing at Shaw's supermarket in Maine

SACO, Maine (AP) - Police say a woman has been killed in a knife attack at a supermarket in southern Maine. WCSH-TV reports (http://on.wcsh6.com/1MyuQIC ) the attack happened Wednesday at a Shaw's supermarket in Saco. The station reports the 59-year-old woman was taken to a hospital with severe injuries and died later. Police say a 31-year-old woman has been held. Officials haven't released ...
Source: The Associated Press
Amazon pushes 'purposeful Darwinism' on workers

SEATTLE - On Monday mornings, fresh recruits line up for an orientation intended to catapult them into Amazon's singular way of working. They are told to forget the "poor habits" they learned at previous jobs, one employee recalled. When they "hit the wall" from the unrelenting pace, there is only one solution: "Climb the wall," others reported. To be the best Amazonians they can be, they ...
Source: The New York Times | By: Jodi Kantor and David Streitfeld