Infosys says media report of firing 5,000 staff wrong

(Reuters) – India‘s Infosys Ltd said on Friday a newspaper report it was planning to fire up to 5,000 poorly performing workers was “wrong”, although it encourages “chronic under-performers” to leave as part of its staff management.Infosys , India’s second-largest software services exporter, was sacking up to 5,000 poor performers to trim costs, the Economic Times reported earlier.Infosys, which is...

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Young adults fear budget cuts will hit loans

Young adults in America have reason to like the fiscal cliff deal, but they aren’t celebrating yet.The bill, which was signed into law by President Obama on Wednesday, kept a number of tax breaks for education and low wage earners that many young adults rely on. However, the deal merely put off budget cuts that could hurt key programs like education grants and job training programs.The so-called sequester,...

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Global shares, oil slip on Fed stimulus nerves

LONDON (Reuters) - World shares edged lower and the dollar rose before U.S. jobs data on Friday which investors will watch more intensely than usual after the Federal Reserve linked future stimulus to labor market performance. Minutes from the Federal Reserve's December policy meeting unsettled financial markets on Thursday by revealing some policymakers already want to slow or stop asset...

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Oregon runs past K-State 35-17 at Fiesta Bowl

GLENDALE, Ariz. (AP) — As Oregon coach Chip Kelly was about to receive the massive Fiesta Bowl trophy, Ducks fans inside University of Phoenix Stadium started a chant of "We want Chip!"Whether he returns or not is up in the air.If Kelly does head to the NFL, this was a great send off.Sparked by De'Anthony Thomas' 94-yard touchdown return on the opening kickoff, No. 5 Oregon turned the Fiesta Bowl...

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How Donald Trump hijacks U.S. media

STORY HIGHLIGHTSHoward Kurtz: Donald Trump said the GOP can go nuclear in budget showdownKurtz: It's remarkable that Trump draw attention no what what he saysHe says it's so easy to hijack the media in the age of Twitter Kurtz: Journalists like sexy stories but shouldn't lose focus of what's importantEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau...

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Putin grants Depardieu Russian citizenship

MOSCOW (AP) — Gerard Depardieu, the French actor who has been sparring with his native country over taxes, has been granted Russian citizenship.A brief announcement on the Kremlin website said President Vladimir Putin signed the citizenship grant on Thursday.Depardieu is angered by French President Francois Hollande‘s attempt to raise taxes on the mega-rich to 75 percent. Russia has a flat income...

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Starbucks to open first outlet in Vietnam in early February

(Reuters) – Starbucks Corp said it will set up its first outlet in Vietnam early next month as the U.S. chain continues to expand in fast-growing Asian markets.Starbucks said it will partner with Hong Kong‘s Maxim’s Group to open its first store in Ho Chi Minh City and reiterated that Asia continues to be a significant growth driver for the company.“Vietnam is one of the most dynamic and exciting...

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Global shares stall, dollar up as more U.S. budget fights loom

LONDON (Reuters) - World share gains stalled and the dollar rose on Thursday as investors grew concerned about political battles looming in Washington over spending cuts, following this week's deal to avoid sharp U.S. tax hikes. The MSCI world equity index <.miwd00000pus> dipped from an 18-month high to be down 0.15 percent at 346.7 points while the dollar hit a three-week peak...

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Louisville upsets Florida 33-23 in Sugar Bowl

NEW ORLEANS (AP) — Terell Floyd and the Louisville Cardinals gave the embattled Big East Conference at least one more triumphant night in a major bowl — and at the expense of a top team from the mighty SEC.Floyd returned an interception 38 yards for a touchdown on the first play, dual-threat quarterback Teddy Bridgewater directed a handful of scoring drives and No. 22 Louisville stunned the fourth-ranked...

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Time to rebrand in Lincoln's image?

Wade Henderson thinks the modern Republican Party should look to Abraham Lincoln for some inspiration.STORY HIGHLIGHTSWade Henderson: January 1 is 150th anniversary of the Emancipation Proclamation He says GOP should look to Lincoln, a canny politician who led moral fight on civil rightsHe says GOP has history of civil rights support that it has largely abandoned in recent yearsHenderson: In 2012,...

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