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MembersSHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.
The official Xinhua news agency reported late on Friday that Li had told business leaders in Switzerland such measures would "harm others without benefiting oneself".
Li is the most senior Chinese official to comment on the troublesome issue so far.
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the bank's collapse in 2011.
Edward Woodard, the former chief executive of Bank of the Commonwealth, was found guilty along with two other executives by a federal jury in Norfolk following a multi-week trial, the U.S.
By Karen Jacobs
(Reuters) - US Airways Group
The airlines may be required to shed slots Washington's Reagan National Airport to prevent market domination. There is concern that those slots could go to rivals, such as JetBlue Airways
By Jennifer Saba
(Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.
The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future.
The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp's profit.
By Ronald Grover and Greg Roumeliotis
LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said.
Eagles quarterback Michael Vick says he is the league’s fastest at the position. (Jim McIsaac/Getty Images)
Philadelphia Eagles quarterback Michael Vick, who will turn 33 next month, says when it comes to foot speed he can leave any other quarterback in the dust.
Vick said he is still the NFL’s fastest quarterback on Friday’s edition of the “Dan Patrick Show” and also said he still possesses more open-field speed than Colin Kaepernick, Robert Griffin III or any other NFL quarterback.
Steelers quarterback Ben Roethlisberger says young QB’s have a lot to prove. (Photo by Diamond Images/Getty Images)
Pittsburgh Steelers quarterback Ben Roethlisberger knows a thing or two about high expectations put on young signal callers once they enter the NFL.
For up and coming stars like Robert Griffin III, Andrew Luck, Colin Kaepernick and Russell Wilson, Roethlisberger says they need to prove that they are more than just a one year wonder.
Former Broncos center Tom Nalen said he tried to intentionally hurt a player. (B. Bahr/Getty Images)
Former Denver Broncos center Tom Nalen said that he intentionally tried to hurt a player, according to the team’s website.
He made the admission during a press conference to introduce him as a member of the Broncos Ring of Fame.
Nalen said that in 2006, he attempted to injure San Diego Chargers defensive lineman Igor Olshansky.
Former Lions receiver Titus Young refused to speak in court. He will face three more charges. (Photo by the AP)
Former Detroit Lions receiver Titus Young was charged with three more counts on Friday, bringing his total to 11 charges against stemming from multiple run-ins with law over a two-week period, reports USA Today.
The new chargers are a felony count of attempted residential burglary and misdemeanor counts of obstruction and vandalism.
Brett Favre’s text message case is now settled, according a NYC lawyer. (Otto Greule Jr/Getty Images)
A lawyer for two massage therapists who sued former NFL quarterback Brett Favre over explicit text messages says the case has been settled, reports the Associated Press.
Lawyer David Jaroslawicz said Friday that the lawsuit has been resolved but would not comment on the terms of the settlement.
Massage therapists Christina Scavo and Shannon O’Toole said Favre sent sexually suggestive texts to another therapist when he played for the New York Jets in 2008.
The women say they were fired from their part-time jobs with the team after they complained to management about the texts. Both sought unspecified damages from Favre, the Jets and a team massage coordinator.
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