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News Feed Latest worldwide news World's wackiest race returns to London July 15 - Britons get creative in the Redbull Soapbox Race that returns to London after a nine year hiatus. Elly Park reports. U.S. WikiLeaks soldier is whistleblower, not traitor defense FORT MEADE, Maryland (Reuters) - The U.S. soldier accused of the biggest leak of classified information in the nation's history is a whistleblower, and not a traitor as the government claims, Bradley Manning's defense lawyer said at his court-martial on Friday. China fuels Philips profit jump Jim Boulden speaks with Philips CEO Frans Van Houten about how a focus on local needs has allowed his company to grow. Consumer sentiment rises to highest level in six years in July NEW YORK (Reuters) - U.S. consumer sentiment rose in July to the highest level in six years as Americans felt better about the current economic climate, though they expected to see a slower rate of... News Analysis Quiet Rivalry Over the Next Fed Leader Comes Out of the Shadows The choice of the nations most powerful technocrat, the head of the Federal Reserve, has rarely generated this much public anticipation or political debate. Sports Briefing | Colleges N.C.A.A. Responds to Paterno Lawsuit The N.C.A.A. is asking a Pennsylvania court to dismiss a lawsuit filed by the family of the Joe Paterno that seeks to overturn the sanctions against Penn State. Sports Briefing | Soccer Late Goal Lifts Red Bulls Over Real Salt Lake Dax McCarty scored on a header four minutes into extra time to lift the Red Bulls, who blew an early 2-0 lead before rallying. Europe banks get set for dividend lift - if regulators allow * HSBC, UBS, BNP Paribas, Swedbank all seen lifting dividends 12 of world's dog-friendliest hotels Last month, a British company launched the world's first dog-holiday package. Amazon's Cup stadium race A few kilometers from the city center of Manaus, Brazil, is a natural phenomenon called "the meeting of the waters." What to know when visiting Brazil Brazil might be the biggest country most of the world doesn't know a whole heckuva a lot about. That's changing Hoey of NIreland Wins Russian Open by 4 Strokes Michael Hoey shot a 2-under 70 to win the Russian Open by four strokes Sunday for his fifth European Tour title. The Media Equation VCRs Past Is Guiding Televisions Future Cases against two services that change how viewers watch TV are far from settled, but the stakes, which would affect broadcasters profits, could not be bigger. Milan star 'racially abused' The new football season is still some weeks away, but already in Italy allegations of racial abuse towards AC Milan's Kevin Constant have marred a friendly. KKR's second-quarter earnings plunge on fund values * Q2 economic net income down 74 percent at $144.4 million Looking Ahead Economic Reports for the Week of July 29 Data to be released will include pending home sales for June, the first estimate of second-quarter gross domestic product and ADP employment for July. Popes Trip to Brazil Seen as Strong Start in Revitalizing Church A visit to the nation with more Catholics than any other shows how the Vatican aims to stem the loss of worshipers. Despite Education Advances, a Host of Afghan School Woes It is widely accepted that demand among Afghans for better schooling and the actual opportunity to attend, particularly for girls is at its highest point in decades. Obama says narrowed Fed choices, to announce in months NY Times WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to "some extraordinary candidates" and will announce his pick "over the next several months," he said in an interview with the New York Times. F.C.C. Backs Plan to Update a Fund That Helps Connect Schools to the Internet The Federal Communications Commission wants to fix E-Rate, a program to give schools telecommunications services, which has been criticized for not keeping up with modern technology. Tropical Storm Dorian forms over Eastern Atlantic NHC (Reuters) - Tropical Storm Dorian, the fourth named storm of the 2013 Atlantic hurricane season, has formed over the Eastern Atlantic, the U.S. National Hurricane Center said. Cibulkova Outlasts Radwanska to Win at Stanford Dominika Cibulkova avenged one of the worst losses ever in a WTA Tour final, outlasting Agnieszka Radwanska 3-6, 6-4, 6-4 to win the Bank of the West Classic on Sunday. Honeymoon killing suspect to be extradited to S. Africa A British man accused of orchestrating his wife's murder by hit men while they were on honeymoon in South Africa should be extradited to face trial, a London court ruled Wednesday. Tunisia two years on MME takes a look at how the Tunisian economy is still suffering, especially in the tourism sector. China's city of sinkholes Four months after he built a new, two-story brick house in his village in northern China's Shandong Province, Xiao Guoqiang was alarmed to find a huge crack on the living room wall. Strategies Getting Creative With the G.D.P. When figuring the gross domestic product, the government is about to give more economic weight to the creation of many types of intellectual property from books to movies to music to biotech drugs. Quakes Thought to Help Release Methane From Seabed Seepage of methane, a greenhouse gas, in the Arabian Sea may be linked to a 1945 earthquake, a study suggests. The finding may affect global warming estimates. Slain Youths Mother Criticizes Defense Law Sybrina Fulton, the mother of Trayvon Martin, said at a gathering of the National Urban League to use my broken heart to prevent a repeat of what happened to her son. Breakingviews Detroits next hurdle July 23 - Breakingviews columnists explain why Detroits bankruptcy filing doesn't just pit bondholders against retirees, but also federal versus states' rights in an 80-year-old legal dispute. U.S. muni board watching general obligation debt in Detroit case WASHINGTON, July 26 (Reuters) - The municipal bond market's self-regulator on Friday said the Detroit emergency manager's proposed treatment of general obligation bonds in the city's bankruptcy case... In City Weary of Scandal, Calls Grow for Mayor of San Diego to Step Down Mayor Bob Filners announcement on Friday that he would seek therapy has angered many residents, who complained that he was dragging the city through the mud in hopes of salvaging his own career. Pop Mrs. Carter on Her Tour Beyonc troupes on with a tour she calls the Mrs. Carter Show in New Jersey, New York and Connecticut. U.S. indicts hackers in biggest cyber fraud case in history NEWARK, N.J./BOSTON (Reuters) - Federal prosecutors said on Thursday they have charged five men responsible for a hacking and credit card fraud spree that cost companies more $300 million and two of... Pope scolds rich, demands social justice in visit to Brazil slum RIO DE JANEIRO (Reuters) - Pope Francis on Thursday issued the first social manifesto of his young pontificate, telling slum dwellers in Brazil that the world's rich must do much more to wipe out... You're the Boss Blog The Questions to Ask Before Adopting an ESOP Employee Stock Ownership Plans, or ESOPs, may have great tax benefits as succession plans, but business owners need to evaluate several factors to see if their company is suited for a plan. Samsungs Profit Rises, but So Does the Competition Samsung said net income in the second quarter rose to $6.9 billion, an increase of 50 percent, but it expected smartphone sales growth to slow down. Massive California wildfire sparked by faulty electrical gear LOS ANGELES (Reuters) - Faulty electrical equipment sparked the 10-day-old forest fire that had threatened the scenic mountain resort of Idyllwild in Southern California before cooler, rainy weather helped crews largely subdue the blaze, fire authorities said on Thursday. UPDATE 4-Under siege, JPMorgan to quit physical commodities NEW YORK, July 26 (Reuters) - JPMorgan Chase Co is exiting physical commodities trading, the bank said in a surprise statement on Friday, as Wall Street's role in the trading of raw materials comes under unprecedented political and regulatory pressure. The Media Equation TV Foresees Its Future. Netflix Is There. Netflix has given a good shaking to the settled world of television it has provided its own series, streamed them over the Internet and made them available all at once everywhere. Chinese, With Revamped Force, Make Presence Known in East China Sea China sent four ships to patrol waters off disputed islands in the nearby East China Sea, and sent a turboprop early-warning aircraft through international airspace between the islands of Okinawa and Miyako.

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