All is change at the unchanging Times of London A2 Habib in Beirut for more peace negotiations A4 Around the World A9 Famed South African mercenary jailed in hijacking A10 French government tackles so- cial security system A11 Unesco urges specific projects for journalists in third world A14 U.S. inquiry reported on sale of aircraft parts to Libya B10 Jaruzelski warns more strikes may lead to emergency state A13 Government/Politics Texan tops campaign contribu- tors with nearly $600,000 B9 Secret Service chief, H. Stuart Knight, is stepping down B11 Washington Talk Working profile: Senator Lowell P. Weicker Jr. B8 Members of Congress come from diverse occupations B8 Calendar B8 Briefing B8 General Iowa's farming troubled by high costs and low profits A16 Around the Nation A16 The Region B2 Boys Choir of Harlem turns youthful energy to song B3 Three children are critically burned in Brooklyn fire B3 The City B3 Philadelphia transit system may die soon without funds B15 Census Bureau designates 36 new metropolitan areas B17 Shipwreck survivor clung to life- boat for 26 hours B17 Health/Science Drugs are an issue at the South Pole A7 SportsMonday Baseball: Dave Winfield reviews his first year as a Yankee C1 Basketball: Sly Williams plays a key role for the Knicks C9

Nets unable to shake losing ways C9

Larry Farmer, new U.C.L.A. coach, is out of an old mold C10 Columns: Dave Anderson on Freeman McNeil C4

Red Smith on the horse of the year C8 Hockey: Rangers gain tie on Pavelich's last minute goal C3

Sabres defeat Islanders by 5-2 C3 Outdoors: The nuances of water- fowling C12 Soccer: Connecticut beats L.I.U. to gain national semifinal C8 Statistics C11 Tennis: Gerulaitis wins final from Borowiak C12 Features: Sports World Specials C2

Question Box< C12 Football: Jets beat Colts, 25-0, for fifth straight victory C1

49ers defeat Giants, 17-10 C1

Bengals rout Browns, 41-21, strengthen hold on first C6

Chargers beat Broncos, gain share of first place C6

Clemson expects to gain the No.1 ranking C6 Arts/Entertainment Robert Rehme, king of the low- budget shocker C13 Eiko and Koma dance ''Nurse's Song'' at the Kitchen C13 Peter Brook stages an austere 'Carmen' in Paris C14 Christopher Lehmann-Haupt on the 10 best children's books C16 Verdi's 'Macbeth' at Washing- ton's Kennedy Centre C17 Style Relationships B16 When motherhood doesn't mean marriage B16 Anthony P. Browne, the interna- tional dry cleaner B16 Features/Notes Notes on People C12 Going Out Guide C17 Education/Welfare A public intermediate school is recruiting students B1 Obituaries Natalie Wood, from child star to adult actress. D12 News Analysis Alan Riding on unfulfilled hopes in Nicaragua A3 Steven Weisman discusses Al- len's decision to take leave B13 Editorials/Letters/Op-Ed Editorials A18

A serious human rights policy? Treating the elderly like kids Milking New York consumers Letters A18 Flora Lewis: less bang for a buck today A19 Anthony Lewis: the Soviet hos- tages A19 Marcus G. Langseth: keep re- search afloat A19 Orville Schell: China's cultural dilemma A19

Summary: All is change at the unchanging Times of London A2 Habib in Beirut for more peace negotiations A4 Around the World A9 Famed South African mercenary jailed in hijacking A10 French government tackles so- cial security system A11 Unesco urges specific projects for journalists in third world A14 U.S. inquiry reported on sale of aircraft parts to Libya B10 Jaruzelski warns more strikes may lead to emergency state A13 Government/Politics Texan tops campaign contribu- tors with nearly $600,000 B9 Secret Service chief, H. Stuart Knight, is stepping down B11 Washington Talk Working profile: Senator Lowell P. Weicker Jr.  B8 Members of Congress come from diverse occupations B8 Calendar B8 Briefing B8 General Iowa's farming troubled by high costs and low profits A16 Around the Nation A16 The Region B2 Boys Choir of Harlem turns youthful energy to song B3 Three children are critically burned in Brooklyn fire B3 The City B3 Philadelphia transit system may die soon without funds B15 Census Bureau designates 36 new metropolitan areas B17 Shipwreck survivor clung to life- boat for 26 hours B17 Health/Science Drugs are an issue at the South Pole A7 SportsMonday Baseball: Dave Winfield reviews his first year as a Yankee C1 Basketball: Sly Williams plays a key role for the Knicks C9   Nets unable to shake losing ways C9   Larry Farmer, new U.C.L.A.  coach, is out of an old mold C10 Columns: Dave Anderson on Freeman McNeil C4   Red Smith on the horse of the year C8 Hockey: Rangers gain tie on Pavelich's last minute goal C3   Sabres defeat Islanders by 5-2 C3 Outdoors: The nuances of water- fowling C12 Soccer: Connecticut beats L.I.U.  to gain national semifinal C8 Statistics C11 Tennis: Gerulaitis wins final from Borowiak C12 Features: Sports World Specials C2   Question Box  49ers defeat Giants, 17-10 C1   Bengals rout Browns, 41-21, strengthen hold on first C6   Chargers beat Broncos, gain share of first place C6   Clemson expects to gain the No.1 ranking C6 Arts/Entertainment Robert Rehme, king of the low- budget shocker C13 Eiko and Koma dance ''Nurse's Song'' at the Kitchen C13 Peter Brook stages an austere 'Carmen' in Paris C14 Christopher Lehmann-Haupt on the 10 best children's books C16 Verdi's 'Macbeth' at Washing- ton's Kennedy Centre C17 Style Relationships B16 When motherhood doesn't mean marriage B16 Anthony P. Browne, the interna- tional dry cleaner B16 Features/Notes Notes on People C12 Going Out Guide C17 Education/Welfare A public intermediate school is recruiting students B1 Obituaries Natalie Wood, from child star to adult actress.  D12 News Analysis Alan Riding on unfulfilled hopes in Nicaragua A3 Steven Weisman discusses Al- len's decision to take leave B13 Editorials/Letters/Op-Ed Editorials A18   A serious human rights policy?  Treating the elderly like kids Milking New York consumers Letters A18 Flora Lewis: less bang for a buck today A19 Anthony Lewis: the Soviet hos- tages A19 Marcus G. Langseth: keep re- search afloat A19 Orville Schell: China's cultural dilemma A19


WASHINGTON— Scientists once contemplated burying toxic nuclear wastes in polar ice caps. Others proposed using rockets to shoot the ominous substances into outer space. On Thursday night, however, the Senate endorsed a less exotic solution. Voting 69 to 9, it approved the National Nuclear Waste Policy Act. The act attempts to establish a plan for developing suitable sites to store, bury and isolate radioactive wastes, some containing materials that will be lethal for 240,000 years.

The House has yet to act on a comparable measure, but industry representatives and proponents of the legislation hope that this year Congress will finally enact a law setting forth Federal policy for waste storage and disposal. Industry nearly got its wish in 1980, but legislation died when a House-Senate conference was unable to reach a compromise. Senator Alan Simpson, Republican of Wyoming, has warned that a failure to resolve the waste issue ''will bring the nuclear industry to its knees.''

Whether or not Mr. Simpson's assessment is correct, efforts to resolve the waste problem have moved at what now seems a very slow pace. Almost 40 years have passed since Enrico Fermi produced at the University of Chicago the first controlled atomic chain reaction. Since then, the products of weapons production and peaceful nuclear power generation have been steadily accumulating.

A recent survey by Science News estimates that by the year 2000, waste from commercial nuclear power plants will have increased from its current level of 104,000 cubic feet to more than nine times that amount. From weapons production, the nation has already amassed about 77 million gallons of high-level liquid waste created when spent fuel is reprocessed to remove uranium and plutonium. Wastes such as plutonium, neptunium and americium - produced in the reprocessing of nuclear fuel and the production of nuclear bombs - account for another 2 million cubic feet. Since they are retrievable, they are being stored at the Idaho National Engineering Laboratory at Idaho Falls.

Although Congress has made the disposal of low-level radioactive wastes (such as certain medical materials) the responsibility of the states, the problem of what to do about high-level waste remains a Federal obligation. The Department of Energy and the plan endorsed by the Senate contemplate temporary storage of high-level wastes in ''away-from-reactor'' facilities and in a longer-term monitored facility from which material can be retrieved. Ultimately, the Government plans to bury wastes in deep geological formations where they can be isolated for at least 10,000 years. Research has increasingly focused on six states and three types of rock: basalt in the Pacific Northwest; tuff, or self-welded volcanic ash formations, in the Nevada desert; and salt beds and domes.

The oldest candidate is salt. In 1971, scientists began digging at an abandoned salt mine near Lyons, Kan., which had been considered ideal as a final repository. But the project ended after thousands of gallons of water, pumped into the ground at a nearby mineral development site, mysteriously disappeared, leading experts to fear the existence of an underground crack in the mine.

Despite the Lyons experience, the Energy Department is considering salt formations in West Texas, Utah, Louisiana and Mississippi. In addition, work has been accelerated on a ''waste isolation pilot project'' (known as WIPP) in Carlsbad, N.M., which is being studied for storage of military wastes. Unfortunately, salty water has been found in drilling at that site, which could pose problems. If the water has recently leaked into the site, it would suggest a potential instability.

No matter which site is selected, the timetable is brisk, calling for the drilling of three exploratory shafts by 1983 and the development of an unlicensed test and evaluation facility two years later. The Energy Department estimates that a final repository could be available by 2000, a target that some scientists and environmental groups have criticized as too rushed.

At the Savannah River nuclear plant, which makes plutonium and tritium for atomic bombs, a billion-dollar high-level waste processing plant - the nation's most advanced waste solidification facility - is being designed. Construction begins in October 1983. The waste, now stored in giant tanks in the form of a gooey brown sludge, will be heated and combined with a special glass, known as borosilicate. This will be poured into stainless steel cylinders, 10 feet long and 2 feet in diameter, welded shut, and stored at the plant until it is moved to WIPP or another repository for final burial. The so-called vitrification plant, where the glass/waste mixture will be made, is expected to open in 1990. Scientists at the plant said glass was the best storage medium because the waste would be reduced and solidified in a permanent form that would not leak, despite its highly radioactive content.

Energy officials note that though the United States developed vitrification, it has lagged behind other nations, especially France, in waste disposal. According to the Commission on Atomic Energy in Paris, France began research on vitrification and other forms of waste solidification in the late 1950's. In 1978, a full-scale vitrification plant replaced a pilot facility that had been solidifying wastes into borosilicate since 1969. Officials at Savannah River said their process resembles the French one. But neither France nor America has decided where or how to dispose of the vitrified glass permanently.

Great Britain, Sweden, and West Germany have all decided after considerable experimentation to vitrify waste into borosilicate glass. But only West Germany has chosen a site for the final resting place of some of the world's most hazardous and expensive garbage.

Illustrations: photo of inspector checking low level waste


05/26/2015 AT 09:30 AM EDT

's best-known role is probably that of Gordon Bombay in

– and he seems to be embracing it.

Estevez, 53, acted as a major Twitter cheerleader for the Anaheim Ducks during their recent Game 5 overtime win over the Chicago Blackhawks in the Western Conference finals.

The actor started out using his character's name as a hashtag â¦

GO GET 'EM TONIGHT DUCKS!!! @AnaheimDucks#GordonBombay

â¦ before progressing to more general references from the film.

Ducks: 2 Blackhawks: ZEEEEEEERO! Ducks Fly Together!!! @AnaheimDucks

End of 1st period: DUCKS: 3 HAWKS: ZIPPITY-DO-DAH...Well played, gents! @AnaheimDucks

And he was magnanimous mid-game, congratulating the Hawks on a well-played second period.

COME ON DUCKS! Regroup! Bring it home! YOU CAN DO IT!! @AnaheimDucks @NHL #wellplayed2ndperiodHawks

He invoked the classic "quack" chant at one point as well.

DUCKS: 4!!!!!! HAWKS....two.....QUACK! QUACK! QUACK! @AnaheimDucks @NHL

Whether Ducks coach Bruce Boudreau was aware of Estevez's advice and considered the "Flying V" formation remains unclear.

Cray Cray at Honda Center 2nite! OT!! Yes, it's time for the Flying V!!! Let's go DUCKS!!! @AnaheimDucks @NHL

Elated at the team's eventual win, Estevez let slip some decidedly un-Disney trash talk.

SUCK IT, WINDY CITY WINDBAGS!!! DUCKS WIN! DUCKS WIN! DUCKS WIN! @AnaheimDucks @NHL

has any interest in live-Tweeting

, we could probably make that happen.

Summary: At one point, Estevez called for the flying V


06/08/2015 AT 01:10 PM EDT

is eyeing a spot on the Great White Way.

The singer – who performed

classic "You'll Never Walk Alone" during the "In Memoriam" reel at the

Sunday – hopes to make his Broadway debut soon.

"I would love to. I think it's about the right role and the right timing, but I'm giving myself another year before I finally make the move," the singer, 34, told PEOPLE at New York's Radio City Music Hall before the show. "I love it."

The move makes sense: Groban's latest album,

, features theater and cinematic classics, like "Over the Rainbow" from

's "All I Ask of You," on which he

"It was daunting! It was almost harder to choose the songs than it was to record them because I've grown up with a hundred of my favorites, so really, it came down to the songs that felt right for my voice, right for my life experiences – stories that I wanted to tell – and then great arrangements," says Groban of the collection.

"The unsung heroes are the great orchestrators, the great arrangers who give you the tracks that you feel like you can add something new to."

The singer attended the annual awards show with

Summary: "It's about the right role and the right timing," the singer tells PEOPLE


Updated JUN 11, 2015 11:46a ET

TEMPE, Ariz. -- Reasons exist for Cardinals running back Andre Ellington to believe 2015 can be more like his rookie season rather than his disappointing campaign of a year ago.

Pick the possible factors that could have contributed to his rushing average dropping to 3.3 yards per carry following a 5.5-yard per-carry average during his rookie season -- it matters little. The main culprit, injury, ended his year after 12 games.

Ellington might point to his reaction to it in explaining why this upcoming year could go differently.

"Just not taking it for granted," he said Tuesday. "Every day I'm busting my (butt) trying to get better, not taking those days off where I'm feeling lazy and don't want to do some things. I just kind of push myself to use it as motivation more than anything."

Ellington will enter training camp in a few months with renewed optimism.

For one, he is back to 100 percent and went through Arizona's mini-camp Tuesday and Wednesday while taking first-team reps. While Ellington said his conditioning is still catching up, his health is not an issue. He was taking a number of Carson Palmer check-down passes as the team went through padless drills over the last two days.

Ellington said he felt back to 100 percent in late May, during the second phase of the Cardinals' off-season program.

"I did a lot of one-on-one time with (conditioning coach Buddy Morris)," Ellington said. "He stayed on top of me. He pushed me, and I needed that opposed to going somewhere and training on my own, you know, trying to motivate myself. I'm a pretty motivated guy, but always having a coach pushing you, it always helps."

While the off-season was filled with rumors of Arizona's interest in Minnesota Vikings running back Adrian Peterson, nothing materialized on that front, so Ellington enters fall as the lead back. But the Cardinals did bring in competition in the form of third-round draft pick David Johnson from Northern Iowa. Kerwynn Williams and Stepfan Taylor also return from last season.

Coach Bruce Arians said blitz-pickups from his running backs remains the biggest problem for the group, including the 5-foot-9, 200-pound Ellington. Yet no other player can fill Ellington's explosive role as dual-threat back.

Ellington and the other backs will be playing behind an offensive line that was the subject of a considerable off-season upgrade. The Cardinals drafted D.J. Humphries in the first round, but more immediate help should come from a pair of free agents: left guard Mike Iupati and guard/center A.Q. Shipley.

The results of those moves won't become clear until the team gets well into training camp, but Ellington likes what he's seen.

"I can actually see the end zone now, you know, when I'm running through the holes," Ellington said. "It's a great sight to see."

Arizona closed camp with things sorted out on a number of fronts, but not at tight end.

The team lost veteran John Carlson to a surprise retirement and last year's second-round pick, Troy Niklas, has struggled with health problems.

He will have a mesh removed from his left ankle this week after he required surgery following multiple high-ankle sprains last season. Niklas sat out of Wednesday's practice after he rolled his opposite ankle the day prior.

"It's extremely frustrating, and I think the only way you can deal with it is work hard as you can," Niklas said. "I'd say mentally I'm so much further than I was last year. Last year I was coming in, your head's spinning. I feel like I know the offense, but at the same time, I need to get that fluidity with the offense where everything's just automatic."

Darren Fells looked strong in camp, Arians said, and 6-foot-7 Ifeanyi Momah, a 25-year-old from Boston College, got an opportunity to impress.

Momah caught the ball well, albeit without pads. On one play, he shoved a defender off his body in the end zone and made a catch with the defender still hanging on -- as the defense clamored for a offensive pass interference call that never came from the official.

Arizona State head coach Todd Graham and his staff dropped into practice on Wednesday. Offensive coordinator Mike Norvell, running backs coach Bo Graham and former quarterback Taylor Kelly also took in the practice.

Follow Kevin Zimmerman on Twitter

Summary: Running back Andre Ellington feels good after the Arizona Cardinals' offseason.


Peter Nevill will make his Test debut tonight. (AAP)

Australia will look to put the First Test calamity behind them when the battle for the Ashes resumes at Lord’s tonight.

The Aussies will have at least two changes to their XI, after Brad Haddin withdrew due to personal reasons and all-rounder Shane Watson was axed.

NSW gloveman Peter Nevill, 29, will make his Australian debut at the home of cricket while talented 23-year-old Mitch Marsh will replace Watson.

Catch all the action LIVE on GEM from 7.30pm (AEST).

VIEWING GUIDE: How to keep up to date with all The Ashes action

Skipper Michael Clarke said he was upbeat Haddin would return at some point during the five-Test series.

"He's doing as well as he can do," Clarke said.

"It is pretty important we respect the privacy of the Haddin family and give him this chance to be with his family.

Mitchell Marsh is tipped to replace Shane Watson in the Australian XI. (AAP)

"I'm really confident that we'll see more of Brad Haddin throughout this series and he will play a big part in the rest of this series."

England are upbeat allrounder Moeen Ali will be fit enough to feature in the match after he pulled up sore from the 169-run win in Cardiff.

Ali was one of England's star performers in the first Test, scoring 77 in the first dig and taking five wickets in the match.

Legendary Australian ‘keeper Ian Healy backed Nevill to succeed but said the famous Lord’s slope would pose its own problems.

"He's got a good idea about his technique as a wicketkeeper, he's going to really feel the challenge of this," said Healy, who played 119 Tests.

"Lord's is not an easy ground to keep on - it's uphill and downhill when you're moving sideways, and the ball wobbles a lot so that wrecks your timing.

Do you have any news photos or videos?

Summary: Australia will look to put the First Test calamity behind them when the battle for the Ashes resume at Lord’s tonight.


When Mayor Marty Walsh proclaimed Jan. 15, 2015 to be “Guster Day” in Boston, the Tufts University-spawned pop-rock quartet took it old-school to respond. The group — drummer-percussionist Brian Rosenworcel, singer-guitarists Ryan Miller and Adam Gardner, and bassist Luke Reynolds — spent the day busking at different locales around town, celebrating its terrific new album, “Evermotion.”

Now, Guster is returning to play for free again next Saturday, performing at the Radio 92.9 EarthFest that’s being presented as part of the six-day Outside the Box festival on Boston Common. Reached by telephone at his Brooklyn, N.Y., home, Rosenworcel joked about Guster’s history of gratis Boston performances.

“We have a strange history of free shows, because on Guster Day we probably reached up to 60-65 people,” he said, laughing. “At the Government Center CD release party for ‘Keep It Together’ in 2003, we probably had 40 to 50 thousand — it was insane, just a sea of heads. So I’m sure this time we’ll have something in between.”

Q. It’s great to have a day proclaimed in your honor but do you wish, in retrospect, that the mayor had picked a warmer one for Guster Day?

A. Oh my god, it was just slowly hailing brown mush on us all day. Maybe Guster Day in the future can be in May or June?

Q. I think once it’s been chosen, it is that day henceforth.

A. Are we a recurring holiday? That’s awesome, I had no idea.

Q. So what should we do to celebrate Guster Day in the future?

A. You know, just maybe while you’re shoveling snow over your shoulder, think of a Guster album you love, and put it on later that day. [Laughs]

Q. Even though it was miserable out, the videos make it look like you had fun.

A. Yeah, it was fun to connect with a bunch of people who felt as ridiculous as we did. It was a good press stunt, which is mainly what it was. But, you know, these ideas come from us, so we thought, What can we do? Let’s busk in the winter! We’re definitely doing the Twin Donuts parking lot in Allston! And we were standing in between two dumpsters. [Laughs] But it’s nice that people still indulge us.

Q. You guys also indulged the Funny or Die crew, allowing a group of folks in their 80s to join you onstage during your recent set at Bonnaroo for a hilarious video on the site that chronicles their festival experience. Did they approach you knowing you’d be game, since you’ve been known to do a stunt or two of your own?

A. Yeah, we know those guys, so they came to the right place. It gave a little jolt to our set too. The crowd was super happy to randomly cheer for a bunch of octogenarians that they had no context for whatsoever. That was really fun.

Q. For your latest album, “Evermotion,” you worked with producer Richard Swift, who has worked with the Shins and the Black Keys. Although you made it in the fraction of the time you usually do, and with a more lo-fi approach, it still has a remarkably big, full sound.

A. We were definitely feeling some magic in the studio, and we were determined to give ourselves over to Richard Swift’s methods. And his methods were so different from ours, because we would get all perfectionist and get stuck in the micro, and we needed to really look at the big picture. So he did that for us. It’s interesting that you say that the record sounds huge, because to me it sounds lo-fi — but some of the synth textures actually give it a certain kind of grand landscape, so I know what you mean. We’re so super proud of it, and eager to get more and more ears on it. We’re going to tour in November and a little bit next year, and there’s definitely the feeling here that whatever number of years we’ve been a band — 23 or whatever — we definitely just broke down another wall. And on the other side of that wall are possibilities. So it’s probably bad news for anyone who was hoping we’d go back to sounding like [the band’s 1997 breakthrough album] “Goldfly,” but it’s good news for us, feeling like we have more to say.

Q. How has the new stuff been going over live?

A. It’s been great. I don’t know about the Boston Common show, because that’s a free outdoor thing, but Guster headlining shows have gotten longer. We’re approaching two-hour sets. It’s not Bruce Springsteen territory, but it allows us to play 24 songs when we’re headlining. It means we can put in eight or nine songs from the new album, and still scratch everybody’s itches for this or that old song.

Q. As a band, you’ve long banged the drum for making touring more eco-friendly, and Adam in particular started Reverb with his wife to help other artists do just that. In the time that you’ve been involved, do you think the tide has begun to turn among artists you come into contact with, in terms of improving their touring habits?

A. Definitely. It feels like we’re at turning point of embracing a challenge and taking it seriously, whereas when Adam and his wife started it there was the Al Gore movie [“An Inconvenient Truth”] and a lot of naysayers. But it’s super-important, and this cause is not going away. And if we can get more people to pay attention through any of this, it’s time well spent.

Radio 92.9 EarthFest, also featuring Atlas Genius, Alex Preston, and New Politics

At: Boston Common, Saturday at noon. Free. www.otbboston.com.

Summary: Guster, a Boston pop-rock band known for memorable hooks and a game attitude, brings a serious message to its EarthFest showcase during Outside the Box.


08/07/2015 AT 05:45 PM EDT

A Las Vegas doctor is facing charges of sexual assault and child pornography after his wife found videos on his phone and other electronic devices of the doctor engaging in sex acts, the

Dr. Binh Minh Chung, a family practitioner, is behind bars and facing charges of sexual assault and child pornography after his wife gave police numerous videos of him allegedly having sex in medical scrubs with unconscious women – including an underage girl. His medical license has since been suspended.

At least 11 alleged victims are listed in a 28-count criminal complaint,

A teenager who allegedly scheduled an appointment for Dr. Chung to treat her acne, told police the doctor picked her up at home for her third appointment around 10 p.m., in July of last year, and gave her a shot at his office that knocked her out. When she woke up, she was without pants and her feet were in stirrups, according to a police report, cited on

She told cops that Chung said he'd "revived" her after a "bad reaction to the acne treatment."

Police have recovered a hard drive from Chung's office. It contains multiple child pornography videos.

In court documents unsealed by the

, it was revealed Chung was accused of fondling a 15-year-old girl who was seeking treatment for pink eye in 2006. That case was dismissed after Chung completed 100-hours of community service, attended impulse control classes and agreed to stay out of trouble.

A preliminary hearing for Chung regarding his new alleged victims is set for October.

On Wednesday, a judge set bail at $1 million. Chris Oram, Chung's attorney, had asked the judge to set bail at $100,000 and place him on house arrest,

. Oram declined comment to CNN.

Summary: Dr. Binh Minh Chung is facing charges of sexual assault, according to reports


Fantasy sports provider DraftKings, which recently raised a $300 million round of investment, is delivering on its promise to expand overseas. The Boston-based company said it has been licensed to operate in the United Kingdom and plans to open a London office by year’s end. Chief executive Jason Robins previously said that a UK expansion would come in 2015, enabled by the new fund-raising round. On Monday, the company said it plans to expand to Europe, Asia, and Latin America in 2016. Newly hired chief international officer Jeffrey Haas, a veteran of the gambling sector with experience in online poker, will lead the expansion. Expanding to the UK gives DraftKings a new base of players to add to its fast-paced version of fantasy sports, in which users compile imaginary rosters of real-life athletes and compete to get the best overall statistics. DraftKings is the second-largest daily fantasy sports operator in the US behind New York-based FanDuel. — CURT WOODWARD

NEW YORK — The Liberty Interactive Corp. said Monday that it had agreed to acquire Zulily in a cash-and-stock deal that values the online retailer at $2.4 billion. The transaction is expected to bolster Liberty’s QVC Group business, which includes its online and broadcast shopping channel QVC and its interest in the retail and interactive lifestyle broadcast network HSN. The acquisition will be reflected in the QVC tracking stock, Liberty said. Following the deal, QVC and Zulily will operate as separate brands, but are expected to collaborate on sales and strategy. Under the terms of the deal, Liberty, based in Englewood, Colo., will pay the equivalent of $18.75 a share for Zulily, representing a 49 percent premium to Zulily’s closing price Friday. Founded in 2010, Zulily is an online retailer focused on young families offering a variety of products, including clothing, shoes, home décor and toys. Zulily, based in Seattle, reported sales of $1.2 billion in 2014. — NEW YORK TIMES

WASHINGTON — The Federal Reserve Bank of Dallas has named Robert Steven Kaplan, a former Goldman Sachs Group Inc. executive who left to teach at Harvard in 2006, as its new president. Kaplan, 58, will take his post Sept. 8, the Dallas Fed said Monday. He will replace Richard Fisher, who was president from April 2005 to March 2015. Helen Holcomb, the Dallas Fed’s first vice president, has served as interim head. The new president, who won’t vote on policy until 2017, is joining the Fed at a pivotal time. The US central bank’s policy makers are weighing when and how quickly to raise interest rates, which have been held near-zero since 2008. Kaplan is a professor of management practice and a senior associate dean at Harvard Business School. Before joining Harvard, he spent 22 years at Goldman Sachs and was vice chairman in charge of investment banking when he departed. — BLOOMBERG NEWS

NEW YORK — Panera Bread Co. is making more of its beverages free of artificial flavors, colors, sweeteners, and preservatives, going a step beyond rivals as restaurants vie to offer more “clean” products. “We drew a line in the sand specifically for food, and beverages are a natural extension of those goals,” said Dan Kish (left), senior vice president of food at the St. Louis-based company. Restaurant chains are increasing efforts to appeal to consumers seeking healthier and more natural foods. Panera’s new beverages, which include a pumpkin spice latte, bottled BluePrint juices, and Joia sodas, push the bakery chain beyond its original pledge to remove artificial additives from its food by 2016. While Panera is increasing its bottled offerings, the company hasn’t made changes to what may be the final frontier for clean beverages: fountain drinks. — BLOOMBERG NEWS

NEW YORK — Citigroup agreed to pay almost $180 million to settle a US regulator’s allegations that it defrauded wealthy clients of two failed hedge funds by telling them the investments were as safe as low-risk municipal bonds. Citigroup units made false and misleading statements about the funds, which raised almost $3 billion from 2002 to 2007, the Securities and Exchange Commission said in a statement Monday. Before the funds collapsed in 2008, the bank didn’t tell most clients that an internal rating showed the investments posed significant risks to principal and Citigroup also failed to disclose that one of the funds was seeking an emergency loan. ‘‘Advisers at these Citigroup affiliates were supposed to be looking out for investors’ best interests, but falsely assured them they were making safe investments even when the funds were on the brink of disaster,’’ Andrew Ceresney, director of the SEC’s enforcement division, said in the statement. In settling the matter, Citigroup neither admitted nor denied the SEC’s allegations. — BLOOMBERG NEWS

NEW YORK — The Food and Drug Administration sent warning letters last week to three medical device manufacturers whose endoscopes have been blamed for spreading deadly bacteria. This is the agency’s strongest regulatory action yet since outbreaks in Los Angeles, Seattle, and elsewhere made headlines earlier this year. The devices, made by Olympus, Pentax, and Fujifilm, are used in hundreds of thousands of procedures each year. The FDA says the companies failed to report problems with the scopes as required by law and in some cases failed to ensure the devices could be adequately cleaned. Olympus and Pentax were specifically cited for failing to relay to FDA reports that their devices ‘‘may have caused or contributed to a death or serious injury’’ within 30 days of learning about the event. Pentax and Fujifilm were cited for failing to make sure the instructions for cleaning the scopes were valid. Olympus spokesman Mark Miller said in an e-mail the company is reviewing the warning letter. Representatives for Pentax and Fujifilm did not immediately respond to requests for comment on Monday. — BLOOMBERG NEWS

HARTFORD — Connecticut labor officials have shut nearly two dozen nail salons, recovered more than $47,000 in wages allegedly owed to employees, and penalized businesses $100,000 for alleged pay and records violations. The Department of Labor said Monday it responded to complaints from nail salon employees about health and employment practices. Unannounced visits on Aug. 3 resulted in stop work orders on more than 20 nail salons in the state. Gary Pechie, director of the Labor Department’s wage and workplace standards division, said workers were paid in cash with no payroll records, wages were below the hourly minimum wage of $9.15, and overtime was unpaid. The regulatory crackdown comes months after a series of articles in the New York Times that found similar practices at nail salons in New York City and nearby communities. — ASSOCIATED PRESS

FAIRFIELD, Ala. — US Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham’s years as a Southern steel-making giant. The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company. In a statement from US Steel, chief executive Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company’s rolled-steel segment. US Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports. The United Steelworkers blamed the decision on unfair foreign competition. — ASSOCIATED PRESS

Summary:
Technology

DraftKings hires gambling-industry veteran to lead expansion

Fantasy sports provider DraftKings, which recently raised a $300 million round of investment, is delivering on its promise to expand overseas. The Boston-based company said it has been licensed to operate in the United Kingdom and plans to open a London office by year’s end.


The bailout program is due to expire on February 28. If it is not renewed, Greece will for the first time in five years be left without an EU financial backstop. Because the International Monetary Fund is unlikely to distribute funds without the EU's participation, Athens could lack access to emergency funding to repay billions of euros in debt due in the coming months.

EU officials believe the country could eke out €4.3 billion in payments owed to the IMF next month, but will run into a wall at the beginning of June when the first of two bonds worth more than €3 billion must be paid. Without bailout funding, and an ongoing sell-off in the private bond markets, Athens would be forced to default.

More from the Financial Times

Grexit is an avoidable catastrophe for the eurozoneBill Gross says European QE is 'too little, too late'Barack Obama plans to tax overseas cash piles

Of more concern to many officials is the Greek banking system, which after massive outflows of deposits is relying on cheap ECB loans to fund day-to-day operations. ECB officials over the weekend made it clear that if the program expires at the end of February, the central bank would be forced to cut off their liquidity loans.

But they have not clarified whether Greek banks could still access back-up central bank financing, known as emergency liquidity assistance. Although technically loaned by the Greek central bank, it must be approved by the ECB, which has been cagey on whether such lending would be allowed.

Since the outbreak of the euro zone crisis, Greece's banking system has always been seen as the most likely route to an "accidental" Greek exit from the euro. Without ELA lending, Athens would probably have to print its own currency to keep its banking system running.

ECB president Mario Draghi has told colleagues he is planning to drive a hard bargain on bank liquidity — a similar strategy used with Cyprus in March 2013, which forced Nicosia to accept onerous bailout terms. But Mr Draghi is also wary of unelected central bankers taking a decision that would force Greece from the euro.

Summary: Euro zone officials are worried that Greece's brinkmanship over its bailout will plunge the country into financial chaos, the FT reports.


The Nasdaq Options Market suffered "system issues" on Tuesday afternoon that were fixed by 3:35 p.m. EDT, Nasdaq said.

"All issues have been resolved and all systems are operating normally," according to an update on NasdaqTrader.com.

Errors affected orders entered through the options market's Financial Information eXchange (FIX), Nasdaq said. Additional problems occurred in its OMX BX and PHLX on orders routed away to other markets, Nasdaq said.

Read MoreDot-com 'new economy' has come of age: Nasdaq CEO

Orders entered over the options market's Specialized Quote Interface (SQF) and OUCH to Trade Options (OTTO) were not affected.

Nasdaq first reported the issues in its system around 3:15 p.m.

Summary: The Nasdaq Options Market resolved "system issues" that hit orders on some of its functions Tuesday afternoon.


BAGNEUX, France, March 10, 2015 (GLOBE NEWSWIRE) -- DBV Technologies (Euronext: DBV - ISIN: FR0010417345 - Nasdaq Stock Market: DBVT), a clinical-stage specialty biopharmaceutical company, today announced the appointment of Daniel Soland to its Board of Directors. Mr. Soland will join as an independent board member, and will be part of DBV's audit committee. He most recently served as Senior Vice President and Chief Operating Officer of Viropharma, and currently serves on the Board of Tarsa Therapeutics.

Dr. Pierre-Henri Benhamou, Chairman & CEO of DBV Technologies, said: "Our primary objective is to finish the development of Viaskin Peanut and bring it to the market. As DBV enters into this new chapter, Dan's commercial, marketing and operational experience will be an asset to DBV. We are thrilled to have him join our Board, and look forward to benefiting from his valuable perspective and leadership."

In addition to his role at Viropharma, where he helped build the organizational and commercial infrastructure that resulted in an 11-fold increase in Viropharma's share price during his tenure, Mr. Soland previously served as President of Chiron Vaccines, and helped engineer a turnaround that contributed to Chiron's acquisition by Novartis. Earlier, he was President and CEO of Epigenesis Pharmaceuticals. At GlaxoSmithKline Biologicals, Mr. Soland served as Vice President and Director, Worldwide Marketing Operations. Earlier in his career, Mr. Soland held positions of increasing responsibility in sales and product management at Pasteur-Merieux's Connaught Laboratories. He holds a BS in Pharmacy degree from the University of Iowa.

DBV also announced that Dr. Didier Hoch has resigned from his position as Board member in agreement with Bpifrance. Dr. Hoch was previously appointed in connection with Bpifrance Participations' investment in March 2012 during DBV's IPO on Euronext. With recent capitalization changes, including a NASDAQ listing, BPI France's relative ownership interest in DBV has decreased, and Dr. Hoch's departure aims to reflect such change.

"Didier has played an important role in helping DBV grow to the company it is today thanks to his vision and entrepreneurial spirit, and we are thankful for his outstanding support, dedication and contribution," said Dr. Pierre-Henri Benhamou.

"The recent changes in our composition reflect our commitment to position ourselves as the leader in the development and commercialization of food allergy treatments. We have set the goal to launch a food allergy product every two years, and we are in the process of building the commercial platform to do so successfully." said David Schilansky, Chief Operating Officer of DBV Technologies.

DBV Technologies is developing Viaskin®, an innovative new approach to the treatment of allergies - a major public health issue that has been increasing in prevalence. DBV Technologies, incorporated in France in 2002, has developed a proprietary, worldwide-patented technology for administering an allergen to intact skin while avoiding transfer to the blood, and thus considerably lowering the risk of a systemic, allergic reaction in the event of accidental exposure. DBV Technologies is focusing on food allergies, including milk and peanut, for which there are currently no effective treatments. DBV Technologies has designed two products candidates: Viaskin® Peanut and Viaskin® Milk. The clinical development program for Viaskin® Peanut has received Fast Track designation from the US Food and Drug Administration.

DBV Technologies shares are traded on segment B of Euronext Paris (Ticker: DBV, ISIN code: FR0010417345) and on the Nasdaq Stock Market in the form of American Depositary Shares (each representing one-half of one ordinary share) (Ticker: DBVT). For more information on DBV Technologies, please visit our website: www.dbv-technologies.com.

This press release contains forward-looking statements, including statements reflecting management's expectations for future business outlook; statements regarding our research and development efforts; and statements about our ability to successfully complete the clinical trials, and our ability to obtain regulatory approval for and commercialize our product candidates. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. In particular it should be noted that these data are preclinical in nature and have not been demonstrated in human subjects. The company's product candidates have not been approved for sale in any jurisdiction. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated generally with research and development, clinical trials and related regulatory reviews and approvals, the risk that historical preclinical results may not be predictive of future clinical trial results, and the risk that historical clinical trial results may not be predictive of future trial results. A further list and description of these risks, uncertainties and other risks can be found in the Company's regulatory filings with the French Autorité des Marchés Financiers, the Company's Securities and Exchange Commission filings and reports, including in the Company's prospectus filed with the SEC on October 22, 2014 and future filings and reports by the Company. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DBV Technologies undertakes no obligation to update or revise the information contained in this Press Release, whether as a result of new information, future events or circumstances or otherwise.

DBV appoints Daniel Soland to Board of Directors http://hugin.info/156437/R/1900582/675626.pdf

Summary: BAGNEUX, France, March 10, 2015-- DBV Technologies, a clinical-stage specialty biopharmaceutical company, today announced the appointment of Daniel Soland to its Board of Directors. He most recently served as Senior Vice President and Chief Operating Officer of Viropharma, and currently serves on the Board of Tarsa Therapeutics. Pierre-Henri Benhamou,...


Shares of Hewlett-Packard have been under some serious pressure this year and, according to one top Wall Street analyst, the company could be in for a rough third-quarter earnings report as well.

Hewlett-Packard has dropped more than 30 percent in 2015, handily underperforming the broader market and the technology sector as a whole. The company is set to report third-quarter earnings Thursday after the bell, and according to Cantor Fitzgerald analyst Brian White, HP could turn in an "uninspiring performance."

"This is a stock that I think will remain challenged," White told CNBC's "Fast Money." "Fundamentals will remain tough, as there's a lot of competition in this market," he added.

White, who has a "hold" rating and $33 price target on the stock, said he'd be looking for clarity on a number of points from HP's earnings report and conference call.

The analyst said he would first be looking for any information regarding PC and printer sales trends. "Both areas in my view are being commoditized," White said, adding that the PC market "had a very rough July in the supply chain."

Apart from PC and printing, White said he would be looking at trends in HP's enterprise group. "There's a dogfight going on as companies push into the cloud," he said. "Markets overseas are weakening considerably, so it will be interesting to see how they're trending in the enterprise group outside the U.S. market."

Differing trends between the enterprise and personal computing markets could come under increased scrutiny. Hewlett-Packard plans to split itself into two separate companies later this year, with one company focused on enterprise and the other on personal systems and printer sales.

White wrote in his note that while the separation makes sense, "this does not change the fact that we believe both of these businesses are rapidly being commoditized and thus future profit growth potential appears limited."

Hewlett-Packard finished the day lower on Wednesday, down about 2 percent.

Summary: Brian White of Cantor Fitzgerald says HP could turn in an "uninspiring performance" when it reports Q3 earnings.


For his first record of original music in a decade, Sting continues his restless musical journey by delving into musical theater. Many of the songs here will appear in the upcoming Broadway collaboration about a crosscurrent of stories amid the demise of the shipbuilding industry in a small English town. Eloquent and stately, the tracks bring traditional English folk music to broader theatrical conventions. Sting gives voice to the characters and narration so his vocals sometimes strain for showy affectation. No doubt these songs will have more shades when sung by a varied cast. There are lovely moments, including “I Love Her But She Loves Someone Else” and soulful duet with Becky Unthank, “So to Speak.” “And Yet” is a delicious hybrid with jazzy undertones. The orchestral arrangements are subtle while the musical ensemble and diverse guests shine. Unfortunately, the set doesn’t quite command as a fully realized piece. (Out Tuesday)

ESSENTIAL “I Love Her But She Loves Someone Else”

Summary: For his first record of original music in a decade, Sting continues his restless musical journey by delving into musical theater. Many of the songs here will appear in the upcoming Broadway collaboration about a crosscurrent of stories amidst the demise of the shipbuilding industry in a small English town. Eloquent and stately, the tracks bring traditional English folk music to broader theatrical conventions. Sting gives voice to the characters and narration so his vocals sometimes strain for showy affectation. No doubt, these songs will have more shades when sung by a varied cast.


It is not every motor show that two archrivals decide to unveil direct competitors within hours of each other — and in the same colour, no less. So it was at Frankfurt this year, as Ferrari pulled the wraps off a lovely blue 488 Spider (with an 'i') and Lamborghini did the same with a likewise lovely blue Huracán LP 610-4 Spyder (with a 'y').

“The Huracán LP 610-4 Spyder ... continues a Lamborghini tradition of open-air motoring,” says Stephan Winkelmann, President and CEO of Automobili Lamborghini. “Its predecessor, the Gallardo Spyder, was the best-selling open top model in Lamborghini’s history: we expect the Huracán Spyder to exceed its predecessor in every way.”

With the primary goal of saving a few pounds, Lamborghini decided to give the Spyder a canvas roof instead of a more cumbersome retractable hard top. Available in black, brown or red, the electrohydraulic top folds in 17 seconds at speeds up to 31mph; the upright rear glass can be raised or lowered independently, functioning as a wind-blocker with the top down. As the top lowers, twin fins emerge and nestle behind the seatbacks, smoothing the airflow and quieting the cockpit.

The top is all the more impressive when you consider that it shares the Spyder's compact rear end with a ten-cylinder monster. Mechanically, the new car is identical to the Huracán coupe, with a 5.2-litre V10 producing 610 horsepower and 413 pound-feet of torque. That power reaches all four wheels through a seven-speed dual-clutch transmission. The Spyder tips the scales at a relatively modest 3,399lbs (about 260lbs more than the coupe), and Lamborghini says will sprint from zero to 60mph in 3.4 seconds and press on to a top-down top speed of 201mph.

Of course, the possibility for customisation is essential in this class, and the Spyder does not disappoint. Buyers can pick from 11 exterior colours (or more, including five matte finishes, with Lamborghini's Ad Personam individualisation program), as well as five interior trim combinations using a palette of 17 colours.

Delivery of the Huracán LP 610-4 Spyder is set to commence in the spring; in its homeland, the car starts at 186,450 euros (about $210,000).

If you would like to comment on this story or anything else you have seen on BBC Autos, head over to our Facebook page or message us on Twitter.

Summary: The LP 610-4 Spyder faces off against Ferrari's 488 Spider.


From Sydney's Barangaroo to Singapore's Tiong Bharu, residential property investors are looking to up-and-coming urban hotspots for strong returns.

"As prices have risen in some target markets, the opportunity for developers to attract buyers to alternative markets within the same cities, or even alternative city markets is a trend we expect to see expand in 2015," said Liam Bailey, head of research at real estate consultancy Knight Frank.

"While the ever popular global hubs are set to take the lion's share of this investment, we also think 2015 will see a growing appetite for alternative markets and more speculative plays from investors," he said.

Read More10 most expensive markets for real estate

Knight Frank's Global Cities 2015 Report outlines 10 urban markets around the world for investors to monitor.

Williamsburg, a hipster neighborhood in Brooklyn, New York was first on the list.

"While not a surprise 'tip', Williamsburg is after all the epitome of the gentrification model," Knight Frank said.

Tokyo's Kachidoki Bay-Area, which the consultancy calls "as big an opportunity as you can find" in Asia's most populous city, is another market to watch.

Read More10 of the most expensive views in America

In Australia, there are great expectations for Barangaroo – a large-scale urban development located north-west of Sydney's city center, where over 1,000 residential apartments are slated to be built over the next ten years.

Summary: From Sydney to Singapore, residential property investors are looking to up-and-coming urban hotspots for strong returns.


"The market has been short euro. It's not surprising to go through these periodic bouts of (short-covering) squeeze," said Vassili Serebriakov, currency strategist at BNP Paribas in New York.

The euro was last up 0.6 percent against the dollar and yen at $1.1000 and 136.19 yen, respectively.

The greenback pared losses briefly versus the yen after the government said first-time filings for unemployment benefits fell to 255,000 last week, the lowest since November 1973. This supported the view of an improving jobs market that may allow the Fed to raise interest rates as early as September.

Read MoreI see 'makings of protracted bear market': Gartman

The dollar resumed its earlier weakness as U.S. Treasury yields fell to two-week lows on growing losses on Wall Street and deflation worries from falling commodity prices. It was down 0.1 percent at 123.79 yen but held above a global session low of 123.68 yen.

The dollar index was last down 0.5 percent at 97.094.

The yen was briefly on the defensive after the International Monetary Fund warned Japan to avoid over-reliance on a weak currency to reflate its economy.

The IMF also cautioned a further rise in the dollar could hurt other countries.

Among other major currencies, the New Zealand dollar was the biggest mover after the country's central bank disappointed those who had bet on a larger cut in interest rates and toned down its call for more falls for the kiwi.

The kiwi was last up 0.6 percent at $0.6617, above a six-year low of $0.6498 set on July 14.

Summary: The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week.


In a post-“To Pimp a Butterfly” era, should we expect more from hip-hop than stoner laments, tales of little pimpin’, and half-baked philosophy? The answer is an unqualified yes, making Mac Miller’s third record an empty disappointment. For those who find Wiz Khalifa palatable, Miller’s often facile, monochromatic style doubtless will go down easy. The Pittsburgh MC has undeniably matured; a firmer command of internal rhymes adds slight intricacy to his verses. Unfortunately, he still sounds like the sum of his influences (Drake, Eminem, sizzurp-slurping MCs) while flipping bravado and platitudes (“light a match/ keep it lit/ it is what it is”). The 23-year-old’s life experience appears to be shaped by other, better hip-hop songs, an obsession with money, and his struggles staying clean. “Break the Law” is particularly false — anarchic defiance reduced to proudly huffing weed and gratuitous misogyny. The musically diverse production dips into various genres with liquid ease, but can’t mask egregiously bad lines like, “So what’s God without a little OD? Just a G.”

Summary: Musically diverse production and a firmer command of internal rhyme can’t hide the empty disappointment of Mac Miller’s third record.


But analysts say Wealthfront is well positioned to emerge as a major player in its own right within the retail financial services sector.

"They're here to stay," says Grant Easterbrook, an analyst with the research firm Corporate Insight. "They're well-funded, and they're in the lead in terms of gathering assets."

Wealthfront reached the $1 billion benchmark in assets under management in June and has added more than $100 million per month since, a pace that has caught the attention of analysts and venture capitalists alike.

In a report last month, Forrester Research analyst Bill Doyle noted that Wealthfront reached $1 billion in less than half the time it took Charles Schwab to do so, and its growth rate has only increased since. "Wealthfront is capitalizing on a digital disruption," he wrote, just as Schwab seized on a market disruption nearly a half-century ago: the deregulation of the U.S. securities industry in 1975.

And the parallels don't end there. Schwab targeted those in their 20s and 30s who were willing to trade in a new way—"over the phone with a pool of unknown brokers," wrote Doyle—then grew with those Baby Boomers into a financial services firm with more than $2.3 trillion in client assets today.

Wealthfront, similarly, has targeted millennials in their 20s and 30s who are drawn to its automated investing service, which simplifies an often complicated process and offers additional benefits like tax-loss harvesting and periodic rebalancing. No other wealth-management firm is as focused on millennials, said Doyle, which puts it at a distinct advantage.

The estimated 90 million millennials in the U.S. are projected to have as much as $7 trillion to invest within the next five years, Nash said on Tuesday. "And they're increasingly demanding a different type of investment service than Wall Street offers their parents."

Read MoreInvasion of the robo-advisor: Don't be afraid

Summary: Wealthfront just raised another $64 million, bringing total cash in hand to $100 million. It may need that war chest to fend off growing competition.


Local investors will face restrictions that reflect the continuing capital controls on Greek banks that limit withdrawals to 60 euros a day. This means that domestic investors can only buy shares with fresh money from abroad or cash they have to hand, Reuters reported last week. They can also buy shares with money coming from security sales or dividends or cash remaining with their security firms.

Foreign investors may trade freely, however.

The reopen comes after a prolonged period of financial uncertainty in Greece. The stock market shut when capital controls were imposed on Greek banks at the end of June, when it looked increasingly likely that Greece was about to go bankrupt and leave the euro zone.

An eleventh-hour deal between the Greek government and lenders over a third bailout program for Greece worth 86 billion euros was agreed, however, pulling the country back from the brink of an unprecedented "Grexit" from the single currency union. Greek banks then reopened on July 20.

Read MoreGreece's Tsipras on shaky ground, warns of elections

Although the finer details of a bailout are still being hammered out between lenders, the country is deemed to have stabilized enough for the stock market to reopen. Market analysts warned that Monday was likely to be a day of losses, however.

"While it would be easy to suggest that today's reopening of the Greek stock market is a key step on the road to some form of normalization, it is likely to be anything but," according to Michael Hewson, chief markets analysts at CMC Markets, who warned of "volatility and losses."

Summary: The Athens stock exchange ended its torrid first day of trading in five weeks 16.2 percent lower, after it reopened for the first time in five weeks.


On the heels of analyst reports praising Netflix for surpassing HBO's roughly 30 million domestic subscribers, Hastings chose to end his letter to shareholders by writing: "We have done well but we have a long way to go to match HBO's 114 million global member count or their well-deserved Emmy award leadership. Title by title, device by device, member by member, award by award, country by country, we are making progress."

Then on the earnings call Hastings said it would take more than five years to catch up to HBO.

"As we grow, HBO is really focusing on doing incredible work. They will probably do some of the best shows they ever do in the next five years. They are expanding more aggressively in international. So I think that we will see is they grow some. We hopefully grow a lot and I don't know when we will catch them. It is going to be a long time."

Then there's Hastings approach to his clear "frenemies" the cable companies—Netflix is outside their system, but wants to get inside it. And there are growing concerns that Netflix (and other services) is driving a generation of "cord nevers" who never pay a monthly cable bill.

In the letter to shareholders he stressed how Virgin Media's integration of Netflix into its cable boxes is "great for customers, and we want this superior experience to help Virgin Media gain market share in the UK." Translation: Work with us and we will help your business, not tear it down.

(Read more: Icahn sale would hit Netflix stock: RBC's Mahaney)

On the investor call Hastings went into more detail on the potential for Netflix to be integrated with U.S. cable providers, giving Comcast a plug. "We have to figure out deal terms that make sense for both sides," Hastings said. "But I have an X1, the Comcast box at home. It's got apps and I listen to Pandora on it. Personally, I would like to be able to watch Netflix and that would keep me on the Comcast X1, which is a great product."

Hastings has consistently disrupted the status quo since he founded Netflix in 1997, first with an unprecedented DVD-by-mail business, then by successfully transitioning that business into an unlimited streaming business. When in July 2011 he split the two businesses up and effectively doubled prices, handling the price hike poorly and sparking massive outrage, the media and investors said he'd never be able to win back consumers trust.

But he did, and over the past year the company went from 20 million to 30 million streaming video subscribers. And he did so with an unconventional approach, posting a mea culpa on Google's YouTube, shot with him wearing a turquoise linen shirt, sitting outside at Netflix's beautiful Northern California campus. That drew more backlash, but the company still turned around.

Summary: Netflix soared to new highs as the company reported earnings. But, the big surprise is how Hastings approached the call, the stock, and the company's future.


One of Cambridge’s central entrepreneurial gathering places,

Operation of the five-year-old Kendall Square cafe is being taken over by Barismo, an Arlington coffee roaster and retailer that runs Dwelltime, another Cambridge cafe.

Voltage’s founder, Lucy Valena, will work for Barismo as “artist in residence,” helping on design issues, employee training, and in coordinating production at Barismo’s roastery.

“I was definitely holding the whole thing together with my teeth,” Valena said, “and it would have been hard to do so for much longer.” Voltage wasn’t operating in the red, Valena said, but it was racking up debt with vendors.

Barismo was among those vendors.

Barismo cofounder Jaime Van Schyndel said that among the issues Voltage ran into were high rents, as well as not handling its own coffee roasting or production of baked goods. Van Schyndel said that Voltage’s rent is higher than Dwelltime’s, but its customer traffic over the course of a week is lower.

“We tried to guide [Valena] through some of the different issues of running a small shop in an area with high rents,” Van Schyndel said. “It was always a good relationship, and at a certain point she decided she wanted to move on and pursue her master’s degree, but keep the core business and the vision alive.”

Valena is enrolled in Boston University’s gastronomy program.

Van Schyndel said Voltage recently cut its hours due to problems making payroll, but he expects to increase them soon. “We’ll look at doing some brunch and short-order food items, bringing some real equipment into the kitchen,” he said. “We’ll weigh what the neighborhood really wants.”

Van Schyndel said that earlier this year he bought out the investor that helped to bankroll Dwelltime, which will soon be rebranded as Barismo. The same could happen with Voltage — though Van Schyndel said he hasn’t yet made a decision about that.

Barismo has supplied Voltage with not only roasted beans but “cold brew” iced coffee in kegs. Van Schyndel said he plans to begin testing “a hot draft version” of Barismo’s coffee this month, initially at Dwelltime. “It’ll be at a lower price point than pour-over coffee or espresso drinks, and faster to serve, but not these airpots of coffee that some places have sitting around for hours,” he said. After the test at Dwelltime, Van Schyndel plans to serve the new “hot draft” at Voltage.

Since it opened in 2010, Voltage has been a watering hole for biotechnology executives who work nearby, as well as for tech entrepreneurs and venture capitalists.

Summary: One of Cambridge’s central entrepreneurial gathering places, Voltage Coffee + Art, is changing hands. Operations of the five-year-old Kendall Square café are being taken over by Barismo, the Arlington coffee roaster and retailer that also operates Dwelltime, a café in mid-Cambridge. Voltage founder Lucy Valena will work for Barismo as “Artist in Residence,” helping on [. . . ]


* Easing of caps in line with international commitments

* Sectors governed by separate laws could be restricted

* Proposal to raise caps made 2 years ago

* Decree comes amid govt reform drive

(Recasts with details of decree)

HANOI, June 26 (Reuters) - Vietnam's prime minister approved the scrapping of a 49 percent foreign ownership cap across many listed firms on Friday in one of the country's boldest economic reforms yet, although some sectors will remain restricted.

The communist government is stepping up reforms to the $184 billion economy after years of delay that have frustrated foreign investors keen to tap the potential of its private sector, with future Pacific and European Union free trade pacts adding to the allure.

The decree signed by Prime Minister Nguyen Tan Dung was published late on Friday and will take effect in September.

It is complex and sometimes vague, stating new rules on foreign ownership will apply to sectors Vietnam has committed to open up in its "international agreements," without specifying which agreements.

It said foreign caps of 49 percent would still apply for areas where "conditions" were placed on foreign investments, except for sectors governed by separate ownership regulations, such as banking, where total foreign stakes are limited to 30 percent.

All other equities would have no foreign limits, unless restricted by the companies themselves.

Long criticized for protectionism, Vietnam has eased foreign restrictions in areas such as banking and property and is pursuing the part-privatization of hundreds of state-run firms, from airports and textile companies to breweries and ports, which will eventually list on its stock markets.

Some experts say the reform momentum reflects support within the ruling party for a more open economic agenda being pursued by its progressives, keen to lure foreign capital to boost local companies and position Vietnam as a manufacturing center for the likes of Samsung, Microsoft and Intel .

Duong Vuong, a director at asset management firm VinaCapital, said foreigners were interested in the market but had long been shackled by ownership limits. "Everyone has been waiting for this for a long time ... It's good timing with everything going on in Vietnam."

The new decree, however, could have scope for different interpretations in the months ahead, with various legislation being reviewed and international trade deals still under negotiation, adding to a regulatory web that has been blamed for slowing some of Vietnam's reforms.

The new regulation could make Vietnam's market one of the region's most open and similar to Indonesia, which has limits on only certain sectors. Foreign ownership is mostly capped at 40 percent in the Philippines and 49 percent in Thailand.

Debate on raising the ownership cap has dragged on for nearly two years, with the initial plan being to raise the foreign ceiling to 60 percent.

Investors have complained foreign shareholdings in Vietnam's most attractive firms are perennially at the ceiling. Companies in which foreigners have their maximum share include Vinamilk, tech company FPT, Refrigeration Engineering and Ho Chi Minh City Securities.

Vietnam has two bourses, the Ho Chi Minh Stock Exchange with a market capitalisation of $50.3 billion, and the smaller Hanoi Stock Exchange, with equities valued at $6.5 billion. That compares with Thailand's $419 billion and Indonesia's $345.7 billion.

VinaCapital said the move would be a game-changer. "It will open Vietnam up to the world making the market more competitive, accessible and investor friendly."

(Additional reporting by Ho Binh Minh and My Pham; Editing by David Holmes and Mark Trevelyan)

Summary: HANOI, June 26- Vietnam's prime minister approved the scrapping of a 49 percent foreign ownership cap across many listed firms on Friday in one of the country's boldest economic reforms yet, although some sectors will remain restricted. The communist government is stepping up reforms to the $184 billion economy after years of delay that have frustrated...


With self-driving cars expected to be the wave of the future, driverless insurance is an issue that will be "tussled over" for years to come, Allstate CEO Tom Wilson told CNBC on Tuesday.

"There will be people who will debate it," he said in an interview with "Closing Bell."

"The liability for keeping people safe is really everybody who is involved in the car, which is why it's important to get this right."

Therefore, Wilson believes it will take at least 10 years to get to all-autonomous cars.

While he thinks there will be an increased amount of product liability for automakers, he said that, overall, so-called driverless cars should be a good thing.

"The benefit of machine-to-machine communication is it should bring the overall number of accidents down, which means the total cost for everybody, whether it's consumers or auto companies or insurance companies, ought to come down," he said.

Read MoreSee all of CNBC's coverage of CES

Summary: Insurance for self-driving cars is an issue that will be tussled over for years to come, Allstate's CEO said.


Norway has been more prudent. Not a cent of oil revenue is used for budget spending, it merely spends the returns on the hundreds of billions of oil wealth saved in the past.

But lower returns means petroleum investments are likely to fall, cutting future state revenues.

"Growth in Norway's mainland GDP will be much lower than we've been used to," central bank governor Oeystein Olsen told Reuters. "(Oil field) profitability is starting to become much more marginal."

For Japan, with a central bank pumping out money to get prices up, the story is a mixed one.

As a huge fuel importer, low oil will help the economy but it may not be enough to nudge Japanese households and companies, who hoarded cash during nearly two decades of deflation, to spend.

The oil rout complicates life for the Bank of Japan as it strives to get inflation from below 1 percent to a 2 percent target. But it sees more positives than negatives.

"Oil price falls would weigh on overall prices in the short term. But from a somewhat long-term perspective, they will help narrow Japan's output gap and lead to an uptrend in prices," BOJ Governor Haruhiko Kuroda told business leaders on Dec. 25.

Russia's travails have highlighted the divergent fortunes of the BRIC economies. Growth in China, the world's second biggest economy, is slowing and the authorities have already cut interest rates for the first time in two years.

Data on Friday put Chinese inflation at a near five-year low of 1.5 percent, reflecting economic weakness which is likely to prompt more stimulus.

"Deflation this year is definitely a risk," said Minggao Shen, economist at Citi in Hongkong.

Brazil is battling high inflation with punitive interest rates while India is seeking to improve upon growth which is topping 5 percent annually.

With oil accounting for nearly a third of India's imports, its current account should improve and inflation fall.

The oil rout allowed Prime Minister Narendra Modi to end government price caps on diesel in October. That actually led to a sharp fall in pump prices for the fuel that drives rural tractors and urban SUVs, boosting personal disposable income.

But insofar as low oil reflects slowing global growth, there is also a warning sign for an export-oriented economy.

"The slump in world oil prices represents an estimated transfer of around $1.5 trillion from global oil producing countries to oil importing countries and Asian oil importing industrial nations are among the biggest winners," said Rajiv Biswas, Asia-Pacific Chief Economist at IHS Global Insight.

"These positive factors will help to mitigate some signs of growth moderation in China in the second half of 2014, as well as weak growth in Japan."

Summary: Robust recovery in the U.S., a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen.


(Adds quotes from central bank, analyst)

LIMA, Sept 10 (Reuters) - Peru's central bank unexpectedly hiked its benchmark interest rate for the first time in four years on Thursday to tame currency-driven inflation, and said there was scope for further increases.

The 25-basis-point hike, to 3.50 percent, was forecast by only three out of 14 analysts polled by Reuters this week.

The central bank said it could raise the rate again to bring inflation back into its 1-3 percent target range but stressed the increase did not mark the start of a tightening cycle.

One analyst said he anticipated a second hike before the end of the year.

Policy remained expansive, the central bank said, with the new level equivalent to a real interest rate of 0.5 percent.

"The board is closely watching inflation forecast and its determinants to consider, if necessary, additional adjustments to the benchmark interest rate," the central bank said in a statement.

However, it added that inflation has been driven by the sol currency's depreciation and food supply shocks, and said those "factors that shouldn't generally translate to prices in the rest of the economy."

Peru's rate increase comes amid continued uncertainty over whether the U.S. Federal Reserve will raise interest rates at its policy meeting next week.

Expectations for tighter monetary policy in the United States have fueled the sol's nearly 8 percent slide against the dollar this year, helping to push inflation to 4 percent in August - the first time it has been a full percentage point above the central bank's 3 percent target ceiling since 2012.

The central bank has fought to soften the sol's losses with heavy interventions in the local spot markets and tighter limits on currency derivative operations.

"We feel that given the global conditions we may see pressure later on as the U.S. starts hiking. That is why we forecast another hike in December," said Pedro Tuesta, a 4Cast analyst.

The central bank sounded slightly more optimistic on the economy's slow recovery from last year's sharp slowdown. It had cut the interest rate three times in the past year to spur growth.

"It is estimated that the economy will likely grow at a rate similar to GDP's potential rate in 2016," the bank said.

The monetary authority said in February that it saw Peru's potential growth rate at about 5 percent.

The economy expanded by about 3 percent in the second quarter from a year ago - faster than in previous quarters.

(Reporting by Lima Newsroom; Editing by Lisa Shumaker, Ken Wills and Leslie Adler)

Summary: LIMA, Sept 10- Peru's central bank unexpectedly hiked its benchmark interest rate for the first time in four years on Thursday to tame currency-driven inflation, and said there was scope for further increases. Peru's rate increase comes amid continued uncertainty over whether the U.S. Expectations for tighter monetary policy in the United States have fueled...


Brad Paisley and Blake Shelton

11/19/2015 AT 12:00 PM EST

as one of his close friends, and even though he hasn't spent much time around Shelton and his new girlfriend

yet, he already has an opinion.

"I do think she's completely out of his league!" Paisley tells PEOPLE. "I don't know what he's thinking.

"I haven't been around them since

," adds Paisley, who serves as a mentor on Shelton's team on

. "I'm going [to the show] Monday."

As for how Shelton took his

at the CMA Awards earlier this month, Paisley said Shelton "loved it. We basically just made fun of Blake, which is totally fair game at all times."

Paisley, 43, chatted with PEOPLE at the 3rd Annual Save the Children Illumination Gala in New York City on Tuesday, which he says he attended at the urging of another friend –

Brad Paisley and Jennifer Garner

who is from my home state, we're both proud mountaineers, proud West Virginians," says Paisley. "A couple of years ago she contacted me and said, hey would you want to come see what we're doing with Save the Children in West Virginia? There's a school there that's amazing that's in a terrible area. It's a spot where they're working very hard to get these kids all the tools that they need."

Paisley said he also makes sure to teach his own kids – Huck, 8 and Jasper, 6 – the importance of giving back.

"It's all about exposing them to that and it's a difficult thing when you are successful," says Paisley. "So we're really careful that they realize that there are people that don't have the things that they have, and not only that, but don't have the opportunities they have. They take it for granted that they can read any book they want to read and they go to a school where they're loved and nurtured and they have parents that are there all the time. It's an uphill battle but we really are trying to make sure they understand that."

Summary: "I don't know what he's thinking," Paisley tells PEOPLE


Long viewed as an eccentric among his fellow economists, Robert Shiller worked at the crossroads of economics and human psychology, stepping away from the pursuit of mathematical precision to question his field’s prevailing wisdom. Then he predicted the dot-com crash of 2000, followed five years later by warnings that a national housing bubble was about to burst. After that, in 2013, came a Nobel Prize.

Today, the Yale economics professor is sought by investment bankers, central bankers, and finance ministers, whether to give paid speeches at the Wall Street firms, or schmooze with the central bankers and finance ministers of the world’s biggest economies at a meeting of the Group of Seven. Simply put, it’s good to be Bob.

“People say they’re honored to meet me,” said Shiller, who earned his doctorate at MIT and whose son teaches at Brandeis University in Waltham. “That was a total change that came after I won the Nobel Prize.”

Success, however, has not changed Shiller, and he is again roiling the financial industry and his colleagues with a new book that looks at how capitalism and financial markets exploit human weaknesses. The book, written with George Akerlof, a fellow Nobel laureate and husband of Federal Reserve Chair Janet Yellen, runs counter to the antiregulation thinking that dominates economics today and the dogma that free markets always provide rational solutions.

“Phishing for Phools: The Economics of Manipulation and Deception” is filled with anecdotal examples of consumers getting duped and distracted by marketers and profit-seekers. These players, the authors write, can divert consumers’ attention with the same skills deployed by “pick-pockets and magicians,” whether it’s health clubs convincing customers to pay big monthly fees when per visit trips are more affordable, or investment banks downplaying the risks of complex investments known as derivatives.

The goal of the book, Shiller said, is to help ordinary people make better decisions by explaining the nuances of complex economic theories and financial products in clear, understandable language. The authors even refer to themselves in the book as “George and Bob.”

The financial press, however, has not been so friendly. Forbes magazine dismissed the book as “trivial.” The Economist described it as “other peoples’ research, helpfully boiled down into tidbits that are perfect material for cocktail-party chatter.” The Canadian Financial Post called it “anti-market derangement.”

Shiller, who just read the Financial Post review, noted wryly, “I didn’t expect the Canadians to be ones with the worst [review].” (Canada has socialized medicine and tougher financial regulations than United States.)

Shiller, 69, earned his PhD at MIT in 1972 and has taught at Yale since 1982, becoming one of the founders of behavioral economics, a field that combines psychology with economics to provide insights into how and why people make decisions to buy, sell, or do nothing. He uses words rarely employed by economists, such as “impressionistic,” “judgment,” and “truth,” to describe his ideas.

He also is critical of the “mathiness” of a profession that typically rewards theories when they can be statistically proven — whether they work in the real world or not. That kind of academic myopia, he said, “can make it hard to point out the obvious.”

Such limited thinking contributed to the recent housing bust, Shiller said. Economists and policy makers trusted in computer models that showed a national housing collapse was unlikely, but missed that home prices were just too high.

John Campbell, a former Shiller student who is now an economics professor at Harvard, said Shiller has the ability to look at emerging trends in historical context and spot anomalies that don’t jibe with prevailing theories and thinking. Shiller’s determination to find out why has yielded insights that markets are more volatile than can be explained by the rational self-interest of buyers and sellers, which underpins classic economic analysis, Campbell said.

That, in turn, has helped Shiller identify booms on their way to going bust — even when other analysts only see more good times ahead. Shiller’s 2000 book “Irrational Exuberance,” warned that the dot-com driven stock market had become a bubble, and sharp decline was coming. The business weekly Barron’s labeled him “Dr. Doom.”

“He’ll often start with some sort of observation that something is out of whack, or different than it used to be,” Campbell said. “He’s positioned himself as an outsider.”

Shiller, the grandson of Lithuanian immigrants, said his mother, a high school graduate and homemaker, was also a reader of philosophy who warned her son not to trust celebrity and blindly follow others without question.

It’s advice he has heeded, he said, in his efforts to look at data in new ways or deeper historical context. And that also means questioning what he calls “groupthink” that can occur in institutions and professions.

“I’ve never been clique-ish,” Shiller said. “I’ve never felt group solidarity.”

Shiller (center, in tie) attended a 1975 conference in Finland. He is one of the founders of behavioral economics, a field that studies how and why people make financial decisions.

Raised in suburban Detroit — his father was an engineer — Shiller grew up with varied interests that included math, science, and astronomy. He married his wife, Virginia, a clinical psychologist, nearly 40 years ago and still lives in the same New Haven home they bought decades ago.

His favorite reading includes Wikipedia because the online encyclopedia offers so much foot-noted information on so many topics. He has two sons: Derek, a philosophy professor at the University of Nebraska-Omaha, and Benjamin, who teaches economics at Brandeis.

Benjamin Shiller described his father as a “normal dad” who never raised his voice and, in good humor, became the assistant coach of his youth soccer team — even though the elder Shiller had never played and knew little about the game. “I think he had to learn some of the rules,” Benjamin Shiller said.

Robert Shiller said he was able to spot the trends that helped him predict the US housing collapse of a decade ago through his work with retired Wellesley College professor Karl “Chip” Case — research that led to the Case-Shiller index in 1987. The index, now called the S&P/Case Shiller Home Price Indices, is a leading measure of the real estate market.

The two began collaborating while Case was studying housing price increases in Boston and Shiller the behavioral aspects of economic bubbles. To create the index, they had tracked repeat home sales — what the same property sells for over the years — across the country and back to 1970. Shiller later extended the series back to 1890.

Too often, Shiller said, economists fail to be informed by the past, which shows that human nature changes little and fear, greed, and wishful thinking continue to make people susceptible to the bubbles that dot economic history. In an era when information is so abundant, Shiller said, many economists tend to focus on the most recent indicators or events, often within the last 24 hours.

Shiller’s views continue to stir debate, even among the economists with whom he shared the Nobel, Eugene Fama and Lars Peter Hansen, both economics professors at the University of Chicago. There is a wide chasm between their philosophies. Fama has theorized that financial markets are rational and efficient, and his work contributed to the decline of financial regulation. Shiller, on the other hand, has argued that markets are not so rational as that.

Fama, a Boston native and graduate of Malden Catholic High School, said in an e-mail that he had not read Shiller’s book and declined to be interviewed. So did Hansen, who developed a statistical model that demonstrated that “Shiller’s results could not be fully explained.”

More than six years after the end of the so-called Great Recession, with a booming tech sector and bull market supported by cheap money, Shiller is not predicting another bubble or the next downturn. Harkening back to the title of his new book, he said no one knows how different the world would be if “there wasn’t so much phishing” and people had better information and understanding of economics, markets, and financial products.

That’s not just a problem for economists, he said, but also everyday Americans trying to navigate purchases, investments, and retirement.

“We’re living in a great world because of free markets,” Shiller said, “and a civil society that stands up when things aren’t right.”

Summary: Yale’s Robert Shiller predicted the dot-com and housing busts. His new book takes aim at the financial industry.


User traffic ground Sky Arts' One and Other website to a halt this morning as a topless woman took to the fourth plinth, as part of Antony Gormley's 100-day public art project.

The woman, Naomi McDonald, a dancer from Stringfellows lapdancing club, spent her allotted hour posing with a pole and shaking her bare breasts. Dressed in high heels and black knickers, the finale of her performance saw her pole-dancing to It's Raining Men by the Weather Girls, which played on a small stereo she had brought with her.

People following the plinth on Twitter disapproved of the performance. Eeeyun said: "Hmm that's not nudity, that's exhibitionism. Wrist slapped!" Braincoffee added: "I don't want to see the poor girl arrested, but am quite surprised that a second warning was not provided at least 15 mins ago."

However, the woman proved popular in Trafalgar Square, with a large and predominantly male crowd gathering to take photographs.

McDonald is the eighth person to take her clothes off on the fourth plinth. Others have included a man known only as Gunter, who unleashed a live chicken before jumping off the plinth wearing nothing but an open robe. In August, a 49-year-old man called Simon was told to put his underwear back on by police after stripping naked.

It is not a crime to be naked in public, and police only intervene if members of the public complain.

Summary: Woman poses topless on the fourth plinth in Trafalgar Square as part of Antony Gormley's One and Other art project


01/31/2016 AT 01:45 PM EST

is putting her money – er, bread – where her mouth is.

The entertainment mogul and talk show host celebrated her "favorite birthday gift" in

: seven loaves of freshly-baked seven grain bread, from friend Daryl Roth.

Winfrey, 62, added the hashtag #ilovebread to the photo, a nod to her latest work with Weight Watchers.

surprising success while still eating bread every day.

"This is the joy for me," Winfrey said in one video spot. "I love bread. I

bread. I now just manage it, so I don't deny myself bread, I have bread every day."

Her announcement turned heads from some fans and across the diet world, though it's not an impossible goal.

"Can you lose weight and still eat bread? Yes," dietician Keri Glassman

"One slice of bread a day with no pasta, rice, potatoes or sweets is very different than one slice plus all of these other foods," Glassman said. "For most people, I would say one slice of a whole grain bread, with no added sugar, per day is okay when the majority of the diet is vegetables, lean protein and healthy fat."

Meanwhile, Winfrey is professing her support of Weight Watchers

"At the end of a 17 lb. gain, I just thought, 'Wow, there has got to be a way that I can eat what I want and not feel obsessed with the idea of what I'm not getting,' " Winfrey said in a private Q&A session for Weight Watchers members on Jan. 27. "Because the moment you tell me that I'm not going to have carbs, that's all I can think about, is when I'm going to get a potato.

"So it's taken that obsession out of it for me. I know I'm going to manage it."

Summary: Winfrey, 62, added the hashtag #ilovebread to the Instagram post, a nod to her latest work with Weight Watchers


Call it a marriage of convenience. Years of rock-bottom interest rates and the rising costs of technology and regulation are pushing more small Massachusetts banks to merge.

Just a little more than month into the year, the Massachusetts Division of Banks is considering two mergers, after approving nine in 2015, the most in five years.

Analysts expect 2016 to be another busy year for bank mergers — here and across the country — as small and medium banks look for ways grow, cuts costs, and survive in an industry in which bigger increasingly seems better.

“Everyone has mergers on their mind,” said Stanley Ragalevsky, a partner in the Boston offices of K&L Gates LLP, who represents many Massachusetts banks.

Smaller banks remain under pressure as stubbornly low interest rates squeeze profits, and the cost of complying with the tougher laws and regulations that followed the 2008 financial crisis add costs, analysts said. Smaller banks also must invest in technology, such as mobile banking, to compete with large national banks, such as Bank of America Corp. of Charlotte, N.C.

Richard Bove, a financial analyst with Rafferty Capital Markets LLC, a New York brokerage firm, said he expects about 500 bank mergers nationwide over the next two years.

The rate of bank consolidation in Massachusetts has traditionally been slower than the rest of the country, in part because of the character of the industry here.

More than 130 banks call the state home and many are mutually owned, meaning they operate for the benefit of their depositors and are somewhat restricted in their ability to buy and sell other banks.

For example, mutuals must convert to a publicly-held-stock company and then wait for three years before they can be purchased by another publicly held bank.

In the past decades, state banks have consolidated at a pace of 2.4 percent a year, compared with 3 percent nationally, according to the Massachusetts Bankers Association, a trade group.

But in a survey the association did last month of bank chief executives, more than seven out of nine bankers said they expected the pace to quicken to 3 percent or more a year.

In the past, these mergers used to be the last resort for struggling banks or ones that didn’t have a new generation of leaders to take over.

But the combinations in the past year have been of healthy banks watching their margins shrink and costs grow.

Scituate Federal Savings Bank, with a $300 million in assets, had flirted with the idea of merging with another bank for years, but had opted to go it alone. Then more than a year ago, its leaders determined that low interest rates, and low profits on loans, were here to stay.

When a former suitor, S-Bank, a $200 million institution in Weymouth, proposed a liaison, Scituate Federal agreed, said Richard L. Rowe Jr., chief executive of Coastal Heritage Bank, the renamed combined bank.

“It was a tough road ahead,” Rowe said. “It was pretty apparent that as a bank we had to accumulate more mass to absorb the costs. We were still profitable, but the margins were thin.”

Coastal Heritage didn’t lay off staff in the merger or close branches, but the new bank is able to share expenses for necessary items, such as technology, Rowe said.

More smaller banks are looking for partners now because they don’t want to wait too long and find that their best match has been scooped up by another bank, said Kenneth Ehrlich, with Nutter McClennen & Fish LLP, a Boston law firm that handled eight New England bank mergers in 2015.

“There’s a sense that size does matter,” Ehrlich said. “The fear is that if you go looking for a merger partner, five years from now, there won’t be anybody.”

Despite consolidation in the banking industry, David Cotney, the state’s banking commissioner, said Massachusetts consumers still have plenty of banking options, including national players and credit unions.

“Consumer access is one of the criteria that we use to judge every merger transaction,” Cotney said. Massachusetts, he added, has a “large and healthy banking market.”

Summary: Years of rock-bottom interest rates and the rising costs for technology and regulation are pushing Massachusetts banks to merge.


03/30/2016 AT 12:40 PM EDT

released a new video for "Came Here to Forget" late Tuesday night.

His personal tune – the first single from his upcoming album,

, due May 20 – is a "direct look into my life,"

Keeping with the theme, the sultry video is shot in black and white and shows Shelton alone at a bar and on a beach with his eyes on a solo woman.

of two people who bond over trying to forget their exes. Shelton, 39, didn't write the song and it doesn't mention his

, but with lyrics like "Girl getting over him / And I'm getting over her," it's easy to draw a parallel to the start of his relationship with Stefani following

The chorus gets even juicier, striking the tone of a man and woman wronged and looking to get even.

"Keep playing them songs / Keep singing along / Keep leaning it on in closer / Keep salting the rim / Getting even with her / Gettin' even with him before the night is over," Shelton croons.

Summary: Shelton has said "Came Here to Forget" is a "direct look into my life"


Clinton slams Sanders over Newtown comments

Rep. Elizabeth Esty, D-Ct., gives her take on Hillary Clinton firing back at Bernie Sanders over his comments in the New York Daily News concerning the ongoing lawsuit against gun manufacturers in Newtown, Connecticut following the tragic shooting in 2012

MSNBC Live with Kate Snow

Summary: The Democratic frontrunner, reeling from losses in 7 of 8 states, takes a harsher tone against her rival.


04/21/2016 AT 11:00 PM EDT

– but he has another place in mind for the African-American suffragist and abolitionist.

During a Thursday appearance on the

show the Republican front-runner weighed in on the news that Tubman would

on the $20 bill by the year 2020 – just in time for the 100th anniversary of women's suffrage

"I would love to leave Andrew Jackson and see if we can maybe come up with another denomination," Trump began, noting that Tubman is "fantastic."

"Maybe we do the $2 bill or we do another bill. I don't like seeing it. I think it's pure political correctness."

.@RealDonaldTrump speaks out about putting Harriet Tubman on the $20 bill #TrumpTODAY https://t.co/tfeSHQ3ec7

Trump's comments echoed those made by

one day earlier. He told

that Jackson should remain on the bill.

"I love Harriet Tubman. I love what she did, but we can find another way to honor her. Maybe a $2 bill," the former presidential candidate said.

Treasury Secretary Jacob J. Lew announced on Wednesday that Tubman would be featured on the bill with Jackson and an image of the White House on the opposite side.

Lew added that Jackson would remain on the bill because of the former president's "lasting impact on our country."

Trump spoke highly of the former president as well, and added that it's "very rough when you take somebody off the bill."

"Andrew Jackson had a history of tremendous success for the country," Trump said. [Jackson has] been on the bill for many, many years and, you know, really represented somebody that really was very important to this country."

He even spoke about the news that Alexander Hamilton would remain on the $10 with leaders of the women's suffrage movement on the back.

"As you know, they were going to do the $10 and then all of the sudden the Broadway play,

, the Broadway play sort of saved that one."

Summary: Donald Trump said putting Harriet Tubman on the $20 bill is "pure political correctness"


is coming out swinging HARD at

V.O. is INSANE for asking

for a rematch -- because Floyd would KILL HIM.

Berto was out at Katsuya in Hollywood last night -- when he said Ortiz sounded "crazy" and "desperate" for calling out Floyd ... saying, "[Victor] needs to fight me again. I''l f**k his ass up."

Berto says if Ortiz can beat him -- "which he won't" -- then he deserves a shot at Mayweather.

FYI -- Ortiz DEFEATED Berto when they fought back in 2011 with Ortiz getting the unanimous decision.

Still, Berto is fired up ... saying, "I need to go ahead to whoop his ass before it's said and done."

Summary: Boxing champ Andre Berto is coming out swinging HARD at Victor Ortiz ... telling TMZ Sports V.O. is INSANE for asking Floyd Mayweather for a rematch --…