Posts From King World News

Week in Gaming: Why I don't think The Witcher 3 is sexist

Please stand by. Your weekly gaming column will appear in 3, 2, 1… HELLO! This is much less exciting than that Fallout 4 reveal, isn’t it? Despite being around for quite some time, I don’t really trigger the same kind of nostalgia or excitement in people as a well-loved game franchise – unless I have a box of donuts in my hands. I don’t. Sorry. This week, some people on

Lukewarm stock market has investors betwixt and between

SAN FRANCISCO/NEW YORK (Reuters) – Stock investors are expected to tread carefully next week, as speculation about the timing of a U.S. Federal Reserve interest rate hike adds to concerns about valuations. Since hitting record levels two weeks ago, the U.S. stock market has struggled for direction, and investors said the next several sessions might prove no better. A run of better-than-expected economic figures failed to boost sentiment and instead

Waltons cement grip on Wal-Mart with new chairman

Wal-Mart Stores Inc (WMT.N) named the son-in-law of chairman Rob Walton as his successor on Friday, cementing the founding family’s influence over the retailer as shareholders defeated a measure calling for an independent director to lead the board. Some investors, including large pension funds, had been pushing for a chairman without ties to the Waltons, Wal-Mart’s founding family. Greg Penner, 45, took over as chairman from Rob Walton as of

Boeing predicts both strong air traffic and plane sales this year

Boeing Co (BA.N) said it expects airline passenger traffic to rise more than 6 percent in 2015, possibly close to 6.5 percent, above its long-range forecast of about 5 percent. “We’ve got work to do,” to hit the order target, Randy Tinseth, Boeing vice president of marketing, said in a series of briefings ahead of the Paris Airshow that starts June 15. Boeing’s forecast is in line with actual growth

Deutsche Bank probes $6 billion suspected money laundering: source

Transactions conducted over a period of years are being investigated, and the sum could exceed $6 billion, the source said, adding that the internal probe of the possible abuse being conducted by Deutsche Bank is in its initial stages. Deutsche Bank repeated a statement from May 20, saying it had suspended a small number of traders in Moscow and was conducting an internal review, but gave no details of the

Robust U.S. jobs report boosts chances of Sept Fed rate hike

U.S. job growth accelerated sharply in May and wages picked up, signs of strong momentum in the economy that bolster prospects for a Federal Reserve interest rate hike in September. While the unemployment rate rose to 5.5 percent from a near seven-year low of 5.4 percent in April, that was because more people, including new college graduates, entered the labor force, indicating confidence in the jobs market. This leaves the

Greek PM rejects 'absurd' offer from lenders, delays IMF payment

Greek Prime Minister Alexis Tsipras on Friday spurned “absurd” terms of proposed aid from lenders and delayed a debt payment to the International Monetary Fund, prolonging an impasse that threatens to push Greece into default and out of the euro zone. In a defiant speech aimed at winning parliament’s backing for his rejection of the austerity-for-aid package, Tsipras balanced indignation with confidence that a deal was “closer than ever before”

Amazon, Google race to get your DNA into the cloud

Amazon.com Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth $1 billion a year by 2018.     The cloud companies are going beyond storage to offer analytical functions that let scientists make sense of DNA data.

OPEC agrees to keep pumping as oil glut fears persist

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports. Concluding a meeting with no apparent dissent, Saudi Arabian oil minister Ali al-Naimi said OPEC had rolled over its current output ceiling, renewing support for the shock market treatment it doled