National / International News

VIDEO: Raiders 'climbed down lift shaft'

BBC - Thu, 2015-04-09 06:45
Police release more details of the jewellery heist in London where burglars emptied up to 70 safety deposit boxes.

Longer-term thinking 'needed' on air pollution

BBC - Thu, 2015-04-09 06:44
David Shukman looks at what could be done on air pollution beyond the annual warnings.

Indian food firms row over BBC brand

BBC - Thu, 2015-04-09 06:31
Two Mumbai food outlets slug it out in the court over the right to use the acronym BBC.

Lindo Wing confirmed for royal birth

BBC - Thu, 2015-04-09 06:30
The Duchess of Cambridge plans to give birth to her second child at the Lindo Wing at St Mary's Hospital in London, it is confirmed.

No forced entry in Hatton Garden raid

BBC - Thu, 2015-04-09 06:24
There was no sign of forced entry to the building in Hatton Garden where burglars emptied up to 70 safe deposit boxes, say police.

Silviniaco Conti wins Betfred Bowl

BBC - Thu, 2015-04-09 06:15
Silviniaco Conti wins the feature race on the opening day of the Grand National Festival at Aintree, the Betfred Bowl.

VIDEO: 'No forced entry' in jewel heist

BBC - Thu, 2015-04-09 06:12
A raid on Hatton Garden Safe Deposit in London's jewellery quarter showed "no sign of forced entry from the outside", police confirm.

VIDEO: US and Cuba crossing the divide

BBC - Thu, 2015-04-09 06:03
How will Cubans welcome America as relations between the two countries continue to improve?

A farewell to France's war broadcaster

BBC - Thu, 2015-04-09 05:57
Remembering the man who prepared France for D-Day

Is The NRA Really Banning Guns At Its Convention?

NPR News - Thu, 2015-04-09 05:57

Attendees with permits can carry guns at the convention hall in Nashville, Tenn., but not at an arena across the street. Firing pins will be removed from display guns – just like at other gun shows.

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Sabra Hummus Announces A Recall Over Listeria Fears

NPR News - Thu, 2015-04-09 05:52

The national recall covers several products with a "best by" date of May 11 or May 15. The products are predominantly the "Classic" variety of the hummus, in a range of sizes.

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Explaining stock buybacks

Marketplace - American Public Media - Thu, 2015-04-09 05:40

Stock buybacks are in the news again. Usually buyback stories are all about companies using their cash reserves to buy back their stock, but this week they’re all about companies stopping their buyback programs.

Viacom announced it’s going to curtail its buyback program until October. And Phillip Morris recently announced a suspension of its buyback program, barring a favorable change in currency fluctuations.

So what is a buyback, exactly?

Here’s a short video explaining how they work — using handbags.

Buybacks are pretty simple: when a company buys back its stock, it does exactly that: it goes into the market and buys its own stock. It can do this in one of two ways. It can simply buy the shares in the open market, just like everyone else. Or it can use a tender offer, where it makes an announcement to existing shareholders, telling them that it’s prepared to buy a certain amount of stock at a certain price.

Why do companies use buybacks? They do it to support their share price. Sometimes they do it to juice their share price. A company might feel that the market price of its shares may not reflect the real value of the shares. By buying some of those shares up, the company reduces the supply of shares on the market. That should increase demand, and therefore lift the price.

You may ask, why does a company want to spend money on buying back its shares when it could be spending that cash on growing the company, buying up competitors, expanding into new markets, hiring more people and helping the economy grow? That’s a good question. Companies that use buybacks are often criticized for sacrificing long-term growth on the altar of short term financial gain. But that’s a consequence on having a shareholder economy. Shareholders like it when their stock goes up, because that means they’re making more money (on paper, at least).

HSBC faces French criminal tax probe

BBC - Thu, 2015-04-09 05:36
HSBC says it has been placed under formal criminal investigation by French magistrates over alleged past tax-related offences at its Swiss private bank.

Election 2015 in pictures: 9 April

BBC - Thu, 2015-04-09 05:23
Images from the campaign trail: 9 April

Founder Of Indian IT Giant Satyam Gets 7 Years In Fraud

NPR News - Thu, 2015-04-09 05:15

B. Ramalinga Raju, the founder of the computer services company that collapsed in 2009, and two of his brothers were among those convicted of defrauding shareholders.

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T. rex cousin was 'violent cannibal'

BBC - Thu, 2015-04-09 05:12
The skull of an adolescent tyrannosaur shows evidence of vicious combat as well as signs that the corpse was eaten by other dinosaurs, possibly of the same species.

Ferrari are on our tail - Hamilton

BBC - Thu, 2015-04-09 05:12
World champion Lewis Hamilton on the threat from Ferrari, inside Fernando Alonso's mind and signing a new deal.

VIDEO: Co-operative Group returns to profit

BBC - Thu, 2015-04-09 05:12
The Co-operative Group has revealed it made a profit of £124m in 2014 compared with a loss of £255m the previous year.

VIDEO: 'Significant' oil find near Gatwick

BBC - Thu, 2015-04-09 05:06
There could be up to 100 billion barrels of oil onshore beneath the South of England, says exploration firm UK Oil & Gas Investments

Clegg defends one-mention flyer

BBC - Thu, 2015-04-09 05:03
Nick Clegg defends a Liberal Democrat candidate who sent out a campaign leaflet which only mentioned the party once.