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July 09, 2015 TECH (MSM)

CEO, chairwoman offer to take E-Commerce China private

(Reuters) – Chinese online book and media retailer E-Commerce China Dangdang Inc’s chief executive, Guoqing Li, and Chairwoman Peggy Yu Yu offered to take the company private. The all-cash offer of $7.812 per American Depositary Share represents a 20 percent premium to the stock’s Wednesday closing price of $6.51, the company said on Thursday. (The story adds dropped word “percent” in second paragraph and media packaging code) (Reporting By Arathy

July 09, 2015 AUTOS

Golf R’nt You Jealous? Volkswagen Unveils 330-hp Golf Race Car Concept

– Someone had better get a wet vac to our office, stat, because upon seeing Volkswagen’s just-unveiled Golf-based race car concept, drool flowed in torrents. Torrents, people! Besides looking like a GTI that’s gone on an intake bender, pumped up its guns at the gym, and popped some roll-cage Viagra, the Golf’s most notable feature is that it’s just a Golf, sort of. There is no “R” badging anywhere, and

July 09, 2015 WORLD HEADLINES

EU's Tusk urges debt relief as part of Greek deal

LUXEMBOURG/ATHENS (Reuters) – The European Union’s chairman joined growing international calls for Greece to be granted debt restructuring as part of any new loan deal if it delivers convincing reforms to avert imminent bankruptcy. The call was an implicit challenge to Germany, Athens’ biggest creditor, which has so far ruled out any write-offs as illegal and taken a restrictive view of reprofiling the debt to help Greece over a major

July 09, 2015 US HEADLINES

Jenny Horne delivers emotional speech stirring Confederate flag vote

The South Carolina House voted in the wee hours of Thursday morning to approve a bill removing the Confederate flag from the Statehouse grounds following a contentious debate that lasted more than 13 hours. But it was a fiery 4-minute speech by Rep. Jenny Horne, a Republican state representative and descendant of Confederate President Jefferson Davis, that is being credited with moving her fellow lawmakers to agree to take it