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News Feed Latest worldwide news Paid via Card, Workers Feel Sting of Fees For many hourly workers, paper paychecks have been replaced by prepaid cards, which often involve fees that can quickly add up and take a bite out of their pay. Performer killed at Las Vegas show A performer from the famed Cirque du Soleil troupe died during a Las Vegas show this weekend, leaving the audience to wonder if her fall was part of the act. Fed's Lockhart says could taper faster if economy surprises WASHINGTON (Reuters) - The Federal Reserve could consider pulling back on its bond-buying stimulus even earlier than expected if the U.S. economy grows more quickly than anticipated and the jobless... Bruised by Romney criticism, Bain Capital thanks investors (Reuters) - Bain Capital LLC, the private equity firm co-founded by defeated presidential candidate Mitt Romney, thanked its investors on Thursday for their support and patience over the last year as it confronted "political hyperbole and distortion." An Arid Arizona City Manages Its Thirst There is a certain curiosity about the way water is used in Phoenix, which gets barely eight inches of rain a year but is not necessarily parched. Researchers project the future of smart phones June 30 - Researchers at the University of Tokyo are developing indoor projection technology that incorporates a sense of touch for interactive devices of the future. The system emits ultrasonic waves to generate pressure a user can feel and could one day render keyboards, smartphones, and even pens obsolete. Ben Gruber has more. The Tax Haven Team in Monaco With a free-spending owner and no income tax, A.S. Monaco can vacuum up expensive players, an advantage that has angered the French soccer league. Report of U.S. Spying Angers European Allies European officials said a report that the United States had been spying on its allies could threaten talks with Washington on a huge trade agreement. DealBook Tribune to Buy 19 TV Stations Amid Groundswell of Consolidation The Tribune Company agreed on Monday to buy 19 local television stations for about $2.7 billion, becoming one of the nations biggest commercial TV station owners. At Seasons Midpoint, Yankees Struggle to Score Even before the Yankees game against the Orioles on Sunday, their 81st game of the season, they were assured of having assembled one of their worst first halves in recent history. Insmed's lung infection drug succeeds in late-stage trial July 1 (Reuters) - Insmed Inc said a late-stage trial of its experimental lung infection drug showed the therapy was as effective as another approved treatment. Britain plans world's first go-ahead for '3-parent' IVF babies LONDON (Reuters) - Britain is planning to become the first country in the world to offer controversial "three-parent" fertility treatments to families who want to avoid passing on incurable diseases to their children. PRESS DIGEST-New York Times business news - July 1 July 1 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. The Media Equation Journalism, Even When Its Tilted The question of who is a journalist is important, partly because when it comes to divulging national secrets, the law grants journalists special protections that are afforded to no one else. Old Masters, Newly Acquired A look at a new exhibition at the Morgan Library Museum. Opinionator | The Stone The Gospel According to Me In the New Age worship of the authentic self, personal well-being has become the primary goal of human life. NASA picks Florida agency to take over shuttle landing strip CAPE CANAVERAL, Florida (Reuters) - NASA has selected Space Florida, a state-backed economic development agency, to take over operations, maintenance and development of the space shuttle's idled landing site at the Kennedy Space Center in Florida, officials said on Friday. DealBook Europe Accuses 13 Banks of Blocking Entrants to Default Swaps Market The European Commission says it has found evidence that the banks had tried to prevent exchanges from entering the credit derivatives business between 2006 and 2009. Swan Song for Cicadas, but Many Missed the Show While many people were kept up at night by the roar of this arthropod flash mob, others were left to wonder what all the fuss was about. Reuters Breakingviews Italy cant shake old derivative sins June 26 - News of a possible 8 billion loss on pre-euro swaps in embarrassing for Italy and wont help if Rome has to go to the ECB, says Breakingviews. Exclusive Pakistan angers Afghans by suggesting Taliban share power - minister KABUL (Reuters) - Pakistan has floated the concept of an Afghan power-sharing arrangement between Kabul and the Taliban as part of a peace talks "end game", Afghan Deputy Foreign Minister Ershad Ahmadi said on Monday, a suggestion met with outrage in Kabul. Snowdens Fate Is Up to Russia, Ecuador Says President Rafael Correa said it was up to Russia to decide what happens to Edward J. Snowden, the American intelligence leaker, but Russia maintains that Mr. Snowden is not its problem. At U.S. Womens Open, Park Calmly Makes It Three Majors in a Row Inbee Park won her second United States Womens Open by four strokes, becoming the first female player to win the first three majors in a season since 1950. GLOBAL MARKETS-Shares gain as investors look to new quarter, U.S. growth * World shares start third quarter on positive note * Signs of stabilisation in European manufacturing lift euro * German bonds dip; riskier euro debt rises * Oil, copper rise but demand worries cap gain By Richard Hubbard LONDON, July 1 (Reuters) - World shares and oil rose on Monday as investors edged back into riskier assets at the start of a new quarter, pinning their hopes on a solid U.S. economic recovery and brushing off signs of a slowdown in China. Data showing 'Fried chicken' jibe 'hurts' Woods Golfer Tiger Woods has described a jibe aimed at him by Sergio Garcia as "wrong, hurtful and inappropriate." FDA rejects Merck's insomnia drug July 1 (Reuters) - Merck Co Inc said the U.S. Food and Drug Administration rejected the company's experimental insomnia drug, citing safety issues. 'Blast furnace' heat engulfs U.S. West into weekend PHOENIX (Reuters) - An "atmospheric blast furnace" engulfed the sunbaked U.S. West in dangerous triple-digit temperatures on Friday, forecasters said, raising concerns for homeless people and others unable to escape near record temperatures expected over the weekend. Motherlode Blog Mom, Admit It, Were Homeless As my children and I huddled together outside their fathers house, the word goodbye suddenly filled my throat with a powerful soreness. I couldnt bear to say it out loud. Shortcuts What It Takes to Make New College Graduates Employable Closing the gap between what employers need and what colleges produce will require effort from both sides, specialists say. Risk for Redskins in Makeover of Team Mascot The chorus calling for a change in the teams name broadened last month when 10 members of Congress condemned the franchise for using a racial, derogatory slur as its mascot. The 30-Minute Interview The 30-Minute Interview Kevin P. Maloney Mr. Maloney is a founder of the Property Markets Group, a real estate acquisition and development firm specializing in residential projects in New York, South Florida and Chicago. Mysteries of the middle class Chrystia Freeland NEW YORK (Reuters) - If you are worried about the Western middle class - and we all should be - you may have started to have some doubts about the virtues of flexible labor markets. In theory,... Republicans Paint Clinton as Old News for 2016 Presidential Election Republican strategists and presidential hopefuls, in ways subtle and overt, are eager to focus a spotlight on Hillary Rodham Clintons age. A Bay Area Killing Inspires Fruitvale Station A killing at a Bay Area rapid-transit station has inspired Ryan Cooglers feature-film debut, a movie already honored at the Sundance and Cannes film festivals. DealBook Onyx Rejects Amgens Takeover Bid, Then Places Itself on the Market After rebuffing an unsolicited $10 billion offer by Amgen that it deemed too low, the maker of cancer drugs hired an investment bank to seek new suitors. Who makes the most in Obama's White House? WASHINGTON (Reuters) - Twenty-two of President Barack Obama's top advisers make the top White House salary of $172,200 per year - but there is one official who earns 30 percent more. 'Sick Soccer' probe in Italy Italian football is gripped by new scandal after police raid the headquarters of a host of leading clubs in a tax evasion probe, according to Italian prosecutors Tuesday. Final Rule Issued for Contraceptive Coverage The Obama administration will require many employers and health insurance plans to provide free contraceptive coverage for women, but there are exceptions for religious groups. Boehner "Obamacare is law of the land" WASHINGTON (Reuters) - Top Republican lawmaker John Boehner said on Thursday he would not make it his mission to repeal the Obama administration's healthcare reform law following the re-election of President Barack Obama. Obama, buoyed by election win, faces new battles WASHINGTON (Reuters) - President Barack Obama had little time to savor victory on Wednesday after voters gave him a second term in the White House where he faces urgent economic challenges, a looming fiscal showdown and a still-divided Congress able to block his every move.

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