National / International News

Eagle shot wins drone photo award

BBC - Fri, 2014-07-11 02:22
Striking prize-winners from a drone competition

VIDEO: Glee star's Royal Albert Hall stand

BBC - Fri, 2014-07-11 02:15
Glee star Kristin Chenoweth brings Broadway to The Royal Albert Hall

Wells Fargo, other big banks could see lower profits

Marketplace - American Public Media - Fri, 2014-07-11 02:14

Second-quarter bank earnings reports kick off today.  First up is Wells Fargo. Other major banks including JPMorgan, Citigroup, and Bank of America follow next week.  

Wells Fargo has been winning, big. The nation's top mortgage lender has had 17 straight quarters of earnings growth. But that streak might just come to an end. Earnings aren't expected to be all that great, as analysts predict small declines in second-quarter earnings.  

Lauren Cohen, who teaches finance at Harvard Business School, says that's because of slower-than-expected growth in the housing market.

"So it's not that there weren't home sales, it's just that we thought it was going to be a little bit faster," he says. "So that was baked into expectations about how we thought Wells Fargo was going to do."

There's another thing that worries banks: all that money these companies will be paying the government for their part in the recent financial crisis.

"That's one area that will hurt banks' bottom lines," says Michael Imerman, who  teaches finance at Lehigh University. He says over last quarter, several of the big banks have set aside reserves for legal fees and settlements.

"We're talking billions of dollars, and this seems to be just the beginning," he says.

On the upside, Cohen says, these are one-off expenses. So banks will bounce back. Eventually.

Student 'admits killing teacher'

BBC - Fri, 2014-07-11 02:03
A teenage student "has accepted responsibility for the unlawful killing" of teacher Ann Maguire in a classroom, a court hears.

AUDIO: Two to tango: Who can dance together?

BBC - Fri, 2014-07-11 02:01
Heather Devine and Bryan Allen discuss the British Dance Council's plans to introduce a rule that defines a dance partnership as "one man and one lady".

Silicon Tally: The World Cup

Marketplace - American Public Media - Fri, 2014-07-11 02:00
It's time for Silicon Tally. How well have you kept up with the week in tech news? This week we're joined by Nando Vila, VP of programming for Fusion and host of Soccer Gods, for a World Cup-themed Silicon Tally. var _polldaddy = [] || _polldaddy; _polldaddy.push( { type: "iframe", auto: "1", domain: "marketplaceapm.polldaddy.com/s/", id: "silicon-tally-world-cup", placeholder: "pd_1405075905" } ); (function(d,c,j){if(!document.getElementById(j)){var pd=d.createElement(c),s;pd.id=j;pd.src=('https:'==document.location.protocol)?'https://polldaddy.com/survey.js':'http://i0.poll.fm/survey.js';s=document.getElementsByTagName(c)[0];s.parentNode.insertBefore(pd,s);}}(document,'script','pd-embed'));

Royal Mail sale 'lost taxpayers £1bn'

BBC - Fri, 2014-07-11 01:55
Taxpayers may have lost out on around £1bn in undervalued Royal Mail shares and assets, a committee of MPs says.

VIDEO: Hidden waterways: Britain's lost canals

BBC - Fri, 2014-07-11 01:35
At the height of the Industrial Revolution, thousands of miles of canals were built to transport goods and raw materials around the country.

In pictures: Gaza conflict escalates

BBC - Fri, 2014-07-11 01:28
Israeli air strikes on Gaza

Mayweather set for Maidana rematch

BBC - Fri, 2014-07-11 01:25
Unbeaten welterweight champion Floyd Mayweather will have a rematch with Argentina's Marcos Maidana in September.

Ghanaians ask for asylum in Brazil

BBC - Fri, 2014-07-11 01:23
Some 200 Ghanaians who went to Brazil to watch their team playing in the World Cup ask for asylum, saying they are fleeing religious conflict.

VIDEO: Turning a wish into a butterfly

BBC - Fri, 2014-07-11 01:22
How to turn a wish into a virtual butterfly at Barbican's Digital Revolution exhibition

London Welsh sign All Black Weepu

BBC - Fri, 2014-07-11 01:02
Premiership newcomers London Welsh complete the signing of World Cup-winning New Zealand scrum-half Piri Weepu from Auckland Blues.
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