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Online dating becoming big business in China

Revenues from China’s online dating market are forecast to top two billion yuan ($315 million) in 2014 as work-stressed Chinese struggle to find partners, a new report said Tuesday. Tens of millions of single Chinese people now use match-making websites to find partners or meet new friends, said the report…

Yahoo! number two exec quits after losing out on top spot

Yahoo! on Monday announced the departure of Ross Levinsohn, who served as interim chief executive and was seen as a favorite for the top job before the firm named Marissa Meyer to the post. Regulatory documents indicated Levinsohn would leave with an “equity award” including 67,000 restricted stock units and…

State Dept. report blasts China for Buddhist crackdown

The United States warned the world was sliding backwards on religious freedoms, slamming China for cracking down on Tibetan Buddhists and hitting out at Pakistan and Afghanistan. As the State Department unveiled its first report on religious freedoms since the start of the Arab Spring, Secretary of State Hillary Clinton…

Losses send BP into a tailspin

British energy giant BP said Tuesday that it plunged into a second-quarter net loss, hit by lower output, falling oil prices and a near $5.0-billion (4.1-billion-euro) write-down on the value of assets. BP made a loss after tax of $1.39 billion in the three months to June, compared with net…

U.S. risks wasting billions in Afghan reconstruction: watchdog

WASHINGTON — Millions of dollars in US funds have been lost due to poor planning and workmanship in projects to help rebuild Afghanistan and billions more could be at risk, according to a US watchdog. The report by the special inspector general for Afghanistan, John Sopko, warned that handing over…

Colombian authorities seize drug submarine

BOGOTA — A semi-submersible ship, ready to be loaded with six tons of cocaine, was seized by Colombian military near the northern coast of the South American nation, the Navy reported Monday. The watercraft, roughly 66 feet (20 meters) long, was kept in a workshop, part of a four-building complex…

Writer quits New Yorker over fabricated Bob Dylan quotes

NEW YORK — Jonah Lehrer, author of a best-selling book about the mind and creativity, resigned from The New Yorker magazine on Monday for being too creative with his non-fiction writing. In a statement that startled New York’s publishing industry, Lehrer confessed to fabricating quotes he attributed to legendary singer-songwriter…

Peter Jackson says ‘The Hobbit’ to be split into three movies

WELLINGTON — The film version of J.R.R. Tolkien’s “The Hobbit” will be split into three movies, rather than two as originally planned, New Zealand director Peter Jackson said Tuesday. Jackson, who was responsible for the Oscar-winning adaption of Tolkien’s “The Lord of the Rings” trilogy, said be began considering the…

Trial to start in Drew Peterson case

CHICAGO — Opening statements get under way Tuesday in the trial of a former police officer who allegedly killed his third wife — charged only after his fourth wife disappeared under suspicious circumstances. Drew Peterson, former police sergeant in the town of Bolingbrook, Illinois has spent the last three years…

Bill Clinton to give nomination address for Obama

WASHINGTON — Bill Clinton is to sprinkle political stardust on President Barack Obama’s re-election bid by giving the nominating address at the Democratic Party convention, the campaign said Monday. The 65-year-old former president, a hugely popular figure more than 11 years after leaving office, will outline the economic arguments for…

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