Saturday, 4 October 2014

FREE DOWNLOAD MP3 MUSIC OF Mak IV – Ibu

Mak IV Hot Fire's debut battle as he spits possibly the dopest rhymes in Igbo language. The fast rising Igbo rapper Mak IV is out again with hot rap lines! Listen to "Ibu" and surugede.



Download & Enjoy!!



DOWNLOAD MP3 »

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LIFESTYLE NEWS: I Helped The Likes Of 2face, Paul Play And Others To Grow – KSB

Kenny St. Best (KSB) who officially declared on Thursday, 2nd of October, 2014 at Forks and Fingers restaurant in Opebi, of her intention to run for a seat in the Lagos State House of Assembly under APC, during her speech has said she helped the likes of Tuface, Paul Play, Essence e.t.c  who have all made it big today in the music industry.



'Every night I pass through Opebi road and see young girls (s*x workers), I feel sad and it is worrisome that they keep increasing every year. This constituency is the seat of power for the entire state. I am going to the Assembly and it will be transformation galore,' she said.



About her contribution to the growth of the entertainment industry, KSB said;  'During my time with Kennis Music in the past 16 years, I touched the lives of many youth who have become big today. Some I never knew, but I saw something in them. Today, 2Face, Paul Play Dairo, Remedies, Essence are all success stories because we believed in them. Imagine what we can do through governance?', she said.





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BUSINESS NEWS: P-Square Unveils Their Own Brand Of Beer In Congo [See EXCLUSIVE Photo of it]

Africa's favourite singer P-Square, took to social media to reveal their latest business venture…beer! The pair have signed up with a beer manufacturing company in Congo, to create and sell beer, branded with their name.

















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LIFESTYLE NEWS: I’m No Longer Interested In N25m Compensation – Baba Suwe Says

Comic actor Baba Suwe says he's no longer interested in the N25million compensation he asked from the National Drug Law Enforcement Agency for falsely arresting him on drug charges



In a chat with Punch, Baba Suwe said he doesn't want the money anymore, just a public apology because of how much the arrest affect both his personal and work life;



"The NDLEA has wronged me and it is meant to find a way to make me happy. It is a slap on my face. I am not agitating for the money; I don't need it to survive in life.



All I want is an apology. If the government can tender an apology to me and publish it in newspapers, I will have peace of mind and be happy," he said.



He also denied recent reports that he's getting re-married soon.



"It is not true that I am about to get married.



Don't mind those saying it, they are saying rubbish.



There is no atom of truth in it. If I would get married, it would not be a secret; everybody would hear about it.



I also have it in mind to marry a woman that would love me as well as my children and give me peace of mind," Baba Suwe said.

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TOP NEWS: Alan Henning's family 'numb with grief'

The family of British hostage Alan Henning say they are "numb with grief" after his murder by Islamic State (IS).

A video of the Salford taxi driver's killing appeared online on Friday.

His widow Barbara and their children said they were "extremely proud" of the 47-year-old, who had been delivering aid to Syria when he was kidnapped.

They thanked the government for its support although Mr Henning's brother-in-law had earlier suggested more could have been done to secure his release.

Mrs Henning's brother, Colin Livesey, described the killers as "scum" and said the family had lost a "great person".

'Extremely proud'
Prime Minister David Cameron, meanwhile, described the murder as "completely unforgivable" and vowed the UK would do all it could to find those responsible.

Mr Henning was on his fourth aid mission to Syria in December when he was kidnapped minutes after arriving in the country.

Floral tributes have been left for the murdered volunteer in his home town of Eccles, Salford

Mr Henning was a taxi driver in the area

The statement from the Henning family said: "Alan was a decent, caring human being. His interest was in the welfare of others. He will be remembered for this and we as a family are extremely proud of him and what he achieved and the people he helped."

Mrs Henning and the couple's children, Lucy and Adam, also thanked those who campaigned for Mr Henning's release, saying: "Your efforts were a great support to us, and we take comfort in knowing how many people stood beside us in hoping for the best."
Earlier, Mr Livesey - Mrs Henning's brother - said he was devastated for the family.

"We're all just saddened knowing that we've lost a great person in our family," he said.

Regarding Mr Henning's killers, Mr Livesey said: "I just hope and pray they get what's coming to them. I've just so much hatred for them."

He said the government could have done more for Mr Henning in captivity, "when they knew about it, months and months ago".

'Absolutely abhorrent'
The prime minister described Mr Henning as a "kind, gentle, compassionate and caring man".
Speaking at Chequers following a briefing from defence and intelligence officials, including the head of MI5, Mr Cameron said the murder was "absolutely abhorrent".

"Anyone in any doubt about this organisation can now see how truly repulsive and barbaric it is," he said.
A Downing Street spokesperson added: "Isil's brutality will not persuade us to change our approach.

"Indeed, the senseless murder of an innocent man only reinforces our resolve to defeat this terrorist organisation and to eradicate the threat they pose to Britons - whether those in the region or here on the streets of the UK."

Alan Henning was on his fourth aid mission to Syria

In the most recent video published by IS, the extremist group sometimes known as Isil or Isis, threatens another aid worker - American Peter Kassig.

BBC security correspondent Gordon Corera said the footage included a reference to last week's vote by Parliament to authorise air strikes against the militants in Iraq.

As in previous IS videos, it features a jihadist who, from his accent, appears to be from Britain.

Mr Cameron said "all the assets" the government had would be used to try to find and help remaining hostages.
A Downing Street spokesman also said police were investigating a second video which surfaced on Friday night.

It shows a British IS fighter, without his face covered, delivering a further message.

Kasim Jameel, the leader of the aid convoy Mr Henning was part of when he was taken, said he had believed his friend would be released and told the BBC he was "distraught" by his death.

"The captors knew that he was just an aid worker," he said. "This was just a game for them. They knew what Alan was about. I thought getting to know Alan for such a long time they would release him."

He said he hoped to set up a charity in Mr Henning's memory so "he is not forgotten".

Analysis

Frank Gardner, security correspondent
David Cameron's vow to catch the jihadist killers of Alan Henning and bring them to justice would seem to match the mood of the nation.

But judging by the track record of previous such cases of hostages being murdered overseas, this promise has little likelihood of being fulfilled.

Tony Blair made the same pledge after Ken Bigley from Liverpool was beheaded in 2004, Gordon Brown did the same when tourist Edwin Dwyer was kidnapped and killed in the Sahara, and Mr Cameron vowed to punish those who besieged the Algerian gas plant last year.

According to the Crown Prosecution Service, there has not been one single case of any murderers of British hostages ever being brought to justice in Britain.

Profile: Alan Henning
Henning's home town 'stunned'

'Generous character'
IS has previously released videos showing the apparent beheading of two US journalists, James Foley and Steven Sotloff, and British aid worker Mr Haines.

The video released on Friday is yet to be verified, but it appears to show Mr Henning kneeling beside a militant dressed in black, in a desert setting.

The footage ends with an IS fighter threatening a man they identify as Mr Kassig.

In a statement, Mr Kassig's family said he had converted to Islam. They referred to him as Abdul Rahman Kassig.

The family asked people to pray that he and "all innocent people being held hostage in the Middle East and around the globe" would be freed.

John Cantlie was kidnapped in Syria in 2012

Earlier on Friday, the father of another hostage, British journalist John Cantlie, appealed for him to be released "to those he loves and who love him".

The journalist, who was kidnapped in Syria in 2012, has so far appeared in three videos in which he has delivered scripted messages responding to military attacks on IS.

RAF Tornados first hit IS targets on Tuesday, four days after Parliament authorised UK involvement in an international military campaign.

The aircraft have been conducting daily flights over Iraq, and carrying out air strikes against vehicles and weapons positions to assist Kurdish and Iraqi army ground forces.

IS has seized large parts of Iraq and Syria and declared what it describes as a caliphate in the areas it has taken.

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FOOTBALL UPDATE: Aston Villa 0-2 ManCity

FT 90' +5
HT 0-0
BARCLAYS PREMIER LEAGUE
Date: Saturday, 4th October
Kick off: 17:30
Venue: Villa Park
Key events
Manchester City
Goal Y Touré 82'
Manchester City
Goal Agüero 88'

Close Match details
By Chris Bevan - BBC Sport


Manchester City have scored six times in their last two away games in the Premier League

Man City score two late goals in six minutes

City move two points behind leaders Chelsea

Aston Villa lose for the third straight game

Christian Benteke makes league comeback

Two goals in the last eight minutes from Yaya Toure and Sergio Aguero broke Aston Villa's resistance and gave Manchester City a vital victory in their pursuit of Premier League leaders Chelsea.

The champions' uncertain start to the season had seen them win only one of their previous four league games and it appeared they would drop two more points at Villa Park after being unable to find a way through Villa's resolute defence.

With Chelsea playing Arsenal on Sunday, City were facing the prospect of heading into the international break as many as eight points behind Jose Mourinho's men, but instead they signed off with a morale-boosting win.

Toure, who has been under scrutiny over his sluggish early-season form, was again far from his best but finally found a way past Villa's well-drilled defence when he advanced to the edge of the area after 82 minutes and flashed a shot into the bottom corner.

Aguero made certain of the three points with another fine finish from the edge of the area six minutes later.

It meant Villa, who have lost their last three games, got no reward for a battling display.

But they were able to welcome back fit-again striker Christian Benteke, who came on as a second-half substitute after six months out.

For City, relief was the over-riding emotion after it had appeared that a goal was never going to come.

They had enjoyed 69% of possession in a one-sided first half but failed to force Brad Guzan into a save.

That was mainly down to the home side's well-organised defence, who sat deep and threw themselves at the ball whenever City got near their goal.

Aston Villa striker Christian Benteke was making his first Premier League appearance since 29 March
Some shots did get through, but the closest City came to breaking Villa's resistance was when Aleksandar Kolarov saw his drilled effort deflect off Alan Hutton and come back off the outside of the post.

Edin Dzeko was guilty of some poor finishing, blazing over after making space inside the box, and Aguero's glancing header flew wide.

But the main reason Villa reached half-time with the score level was the number of timely blocks and tackles made by their defenders, particularly the impressive Nathan Baker.

Paul Lambert's side had barely threatened on the counter-attack at the other end of the pitch but that changed at the start of the second half after Aguero wasted a golden chance to put City ahead.

The Argentina striker had time to pick his spot after running on to James Milner's through-ball, but placed his shot against the post and Villa immediately raced up the other end of the pitch where Joe Hart's outstretched leg denied Kieran Richardson.

City, who were beaten here last season in another game where they saw the vast majority of the ball, continued to probe and forced Guzan into his first save after 50 minutes when he denied David Silva after the Spaniard's neat turn inside the area.

More vital stops followed, from Silva and Aguero snap-shots and also Eliaquim Mangala's towering header but, as the game entered the last 10 minutes, City's pressure eventually told.

Villa's defence, for once, was at fault as it allowed Toure too much time and he punished them ruthlessly with his first Premier League goal of the season.

Aguero's strike was also top quality, although it gave the scoreline a sheen that City did not truly deserve.

There were no shots on target in the first half between Aston Villa and Manchester City

Aston Villa have conceded eight times in the last three Premier League games without scoring

Yaya Toure has scored in his last three Premier League games against Aston Villa

Sergio Aguero has scored in each of his last five away Premier League games

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FOOTBALL UPDATE: Liverpool 2-1 West Brom

FT 90' +5
HT 1-0
BARCLAYS PREMIER LEAGUE
Date: Saturday, 4th October
Kick off: 15:00
Venue: Anfield

Key events
Liverpool
Goal Lallana 45'

West Bromwich Albion
Penalty Berahino 56' (pen)

Liverpool
Goal Henderson 61'

Close Match details
By Aimee Lewis


Adam Lallana is now just one goal short of 50 league goals Liverpool move to sixth in the table after win Defeat ends West Brom's three-match winning run Mario Balotelli starts on the substitutes' bench Adam Lallana scored his first goal for Liverpool to help his team to a first Premier League win since August in a nervy display against West Brom.

Lallana combined beautifully with Jordan Henderson to beat Ben Foster at the far post seconds before the break.

Liverpool's defending was far from convincing and Dejan Lovren conceded a controversial penalty to allow Saido Berahino to level from the spot.

But much to the hosts' relief, Jordan Henderson struck five minutes later.

Raheem Sterling found Henderson and the England midfielder threaded the ball low into the far corner to secure Liverpool a first league win since their 3-0 demolition of Tottenham.

Liverpool manager Brendan Rodgers had said before the match that his team were unrecognisable from last season's title challengers.

The struggle to attack with the pace, intensity and incisiveness which took them to within two points of the title last May continues, but the victory will ease the pressure on the manager and his team.

West Brom, arriving at Anfield in confident mood after three successive victories in all competitions, did trouble a frail Liverpool defence on a number of occasions but the hosts held on for what Rodgers described as a "big win".

On occasions, the wastefulness of Philippe Coutinho and Sterling contributed to Liverpool's bluntness, and the hosts were especially hesitant on the counter-attack.

Two chances fell to Rickie Lambert, preferred to Mario Balotelli and making a rare start for the club, but while the striker forced Foster into a fine save with his first effort, his failure to score highlighted the absence of the injured Daniel Sturridge.

After missing seven games with a thigh injury, the striker is expected to return to full health for Liverpool's next match against QPR on 19 October.

But his failure to feature in the squad will at least dampen what could have been a potential club versus country row after Sturridge was left out of the latest England squad.

In Lallana, the hosts had a player who was bright throughout and the summer signing wildly celebrated his first Premier League goal since March, scoring after a delightful one-two with Henderson.

But Liverpool's defence remains vulnerable and the team has now gone seven Premier League games without a clean sheet at Anfield.

In the first half, a rare mistake by Henderson set Berahino free to test Simon Mignolet from 20 yards and, moments before Liverpool's opener, the England Under-21 international, unchallenged in the six-yard box, headed a difficult chance over the crossbar.

The Baggies striker, the leading English scorer in the league this season, eventually increased his tally to five league goals, although it was a dubious penalty.

Lovren felled Berahino on the edge of the box but referee Michael Oliver pointed to the spot and the 21-year-old's rasping drive through the middle left Mignolet with no hope.

The Anfield crowd were understandably anxious as the hosts had collected just seven points from six league games before this match.
But five minutes after conceding, Henderson secured the winner.

Sterling, having had a penalty appeal turned down, returned to his feet and found the effervescent midfielder, who side-footed beyond Foster.

You can listen to commentary of the goals in a 60-second round-up by BBC Radio 5 live.

West Brom manager Alan Irvine: "I was disappointed in how we used the ball in the first half. I was disappointed we didn't show enough courage on the ball.

"I challenged the players to be braver at half-time and in the second half we gave Liverpool a difficult game. From our point of view, we've got a few things we're disappointed with."

Irvine on the West Brom penalty: "From where I was I couldn't be sure whether it was inside or out. Having been given it, for Saido Berahino to step up and take it with such confidence was great. I thought he worked the centre-halves extremely well. His movement for a young player is very good."

Mario Balotelli was named on the bench after failing to score in the league since his summer move

Before the break, Adam Lallana scored his first league goal since March

Saido Berahino scored which means Liverpool are still without a clean sheet at Anfield this season

Jordan Henderson scored the winner and an assist in an impressive display from the midfielder

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BUSINESS Challenge awaits bond star Gross at team-spirited Janus

By Ross Kerber, Richard Leong and Jennifer Ablan

BOSTON/NEW YORK (Reuters) - Investors hope the Bond King can remake himself as a team player.

Bill Gross last week abruptly left Newport Beach, California-based Pimco, the firm he built into a bond giant, to join Janus Capital Group (JNS.N), a small Denver firm that touts on its website how its friendly, team-oriented culture creates "strong collaborators."

While investors are certainly excited about the move - Janus shares are up 30 percent since the announcement - some wonder just how much easily the outspoken, 70-year-old Gross will fit in at the firm led by Pimco veteran Richard Weil. Weil hired Gross at the urging of former Pimco chief executive officer Bill Thompson, according to two people familiar with the matter.

But Janus already has a bond leader in Gibson Smith, who has less star power than Gross but has quietly delivered better performance in recent years. He is said to work well with Janus CEO Weil, and has emphasized a team approach, which could be a contrast with the autocratic style that Gross showed at Pimco.

Kevin Mahn, who helps manage $2 billion as chief investment officer at Hennion & Walsh, a Parsippany, New Jersey-based wealth management firm, questions if Gross can co-exist with Smith and how much oversight Gross may face.

"It's setting the stage for a culture clash," Mahn said. "Here's a guy who was at rock-star status, and Pimco was synonymous with his name. Now he's moving to a different firm and he's not necessarily going to be the same person as he was," Mahn said.

Michael Cuggino, president of the $7.5 billion Permanent Portfolio Family of Funds in San Francisco, which owns Janus shares, said Weil and the rest of Janus' management will be judged in part on how smoothly Gross transitions to their firm. Key will be for Gross to show he can work well with others and for Janus to avoid the bad publicity that marred Gross's last months at Pimco, including his falling-out with his one-time successor Mohamed El-Erian, who left earlier this year.

"If they bring in Gross and it's a disaster and all over the front pages because they didn't get along, like with El-Erian, that's not good," Cuggino said.

Gross has been famously short-tempered at work, slamming desk drawers and discouraging socializing. He once fumed at an employee for attending an industry conference: "I don't want you to attend the conference, I want you to be a speaker at the conference."

Janus will report third-quarter results on Oct. 23.

Weil had been Pimco's chief operating officer for ten years before joining Janus in 2010. Weil and Gross "were never soul mates the way he was with Mohamed," said John Brynjolfsson, chief investment officer of hedge fund Armored Wolf in Irvine, California, and a former managing director at Pimco from 1989 to 2008.

"There was never that chemistry. It's not like they would form a coalition after their time at Pimco or see them going on vacations together," Brynjolfsson said.

Gross has not been available for interviews, nor has Thompson. Smith has declined interview requests as have other Janus executives including Weil. A Janus spokesman said on Friday that Gross will report directly to Weil.

In press statements issued on Sept 26, the day Gross's move was announced, Janus said he will remain in Newport Beach and will take over the $13 million Janus Unconstrained Bond Fund, which will change its name to the Janus Global Unconstrained Bond Fund JUCAX.O. Gross also will work up some related business that "will be separate and complementary" to Smith's, Janus said.

Gross isn't wasting time in jumping in: he will release his first outlook with Janus, titled "Stayin' Alive," on Oct. 9, after a webcast for institutional investors with Weil on the global unconstrained bond strategy, according to an invitation to the event seen by Reuters on Friday.

SMALL BUT NIMBLE

Smith, who is keeping his title as Janus' fixed income chief investment officer, will focus on corporate bonds while Gross will stick with the "macro" role he played at Pimco making big-picture bets on interest rates and the global economy.

A half-dozen people who have worked with Smith or know him well say he collaborates closely with a group of analysts and traders, many of whom he recruited since he became Janus' bond chief in 2006. These people said Weil and Smith work well together.

Smith runs a smaller bond operation at Janus, with $31.4 billion in assets at June 30, compared with the $222 billion that Gross oversaw at Pimco Total Return Fund PTTRX.O alone. Yet Smith's steady returns compare favorably to Gross' recent uneven performance.

The Janus Flexible Bond Fund, the firm's biggest bond fund at $7.1 billion, has earned a 3.85 percent return this year through Sept. 30. This compared with the Pimco Total Return Fund's 3.33 percent return over the same period. The Janus fund has also outperformed by a similar level over a five-year period, according to data from Lipper, a Thomson Reuters unit.       

Janus shares initially shot up 43 percent on Sept 26, hitting a 52-week high of $15.95 after the Gross announcement. They closed at $14.49 on Friday, up 30 percent from before Gross joined the firm.

In a report issued Oct. 2 Morningstar analyst Sumit Desai wrote that Janus will need to provide enough support such as traders, research analysts portfolio managers for Gross to handle an influx of investor cash. Janus will never likely provide as much support as Pimco, Desai wrote, "raising the question of how successful Gross can be with fewer resources."

(Reporting by Ross Kerber in Boston, and by Richard Leong and Jennifer Ablan in New York; additional reporting by Luciana Lopez. Editing by David Gaffen and John Pickering)



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BUSINESS NEWS Exclusive: Schwab ready to unveil free 'robo-broker' service

By Jed Horowitz

NEW YORK (Reuters) - Charles Schwab Corp. (SCHW.N) is weeks away from introducing an automated investing service aimed at winning business from novice investors it does not currently serve, company officials told Reuters.

The service is being developed in-house and likely will be free, giving the San Francisco-based discount brokerage pioneer a leg up on a slew of upstart firms known as robo-brokers that charge management fees of 0.15 to 0.35 percent of a client's assets.

It would position Schwab as the first conventional brokerage with its own robo-broker offering. In automated investing plans, clients fill out questionnaires about investment goals and risk tolerances. Their answers automatically determine the portfolios of exchange-traded funds or other assets they buy.

Executives at some large broker-dealers, which typically charge 1 to 3 percent of client assets in managed account programs, have said they do not feel threatened by robo-brokers because they make money offering more sophisticated wealth-planning and investment services to wealthy clients.

But they also want to nurture younger investors to replace affluent but aging Baby Boomers, the bulk of their client base.

Schwab is betting young investors in early stages of wealth accumulation will remain in-house and use more sophisticated advisory services as they prosper or as markets become complicated, one source said. Like other brokerage firms, it receives payments from mutual funds its clients use as well as interest that accumulates on cash held in their accounts.

The automated service is expected to include features such as automatic portfolio rebalancing and tax-loss harvesting that some robo-brokers recently introduced.

Neesha Hathi, head of technology solutions for independent investment advisers who use Schwab services, told Reuters on Thursday the program would likely be introduced this month. She did not comment on details, but a person familiar with the plan said it would be introduced without fees.

In July, Chief Executive Walt Bettinger told investors Schwab was working on "an online advisory solution," but declined to provide details on timing or whether it would build or buy a robo-service.

A Schwab spokeswoman said Friday she could not comment further.

Schwab currently offers almost 200 commission-free exchange-traded funds, including several managed by the company.

"Schwab definitely has a track record of entering a market by underpricing or pricing low, but I don't think it has a proven way to dominate markets," said Adam Nash, chief executive of Wealthfront, Inc., the largest robo-broker with more than $1.4 billion of client assets.

As of June 30, Schwab had $2.4 trillion of total client assets, including $11.5 billion of net new assets gathered in the second quarter.

Nash would not say whether Wealthfront, which charges a flat advisory fee of 0.25 percent and waives the fee on accounts with $10,000 or less, will adjust its fees to compete with Schwab.

Another robo firm, Betterment LLC, "would not alter pricing" if Schwab introduced a free service, said a spokeswoman. "We offer an incredible value."

Some consultants said Schwab risks antagonizing outside investment advisers who use its services and fear losing clients, but technology head Hathi disagreed.

"There's more of an opportunity here than there is competition," she said, noting that most turn away smaller investors and younger members of families that are clients. "What Walt talked about is that here's a solution for advisers that's going to allow them to serve those accounts."

(Reporting By Jed Horowitz; additional reporting by Suzanne Barlyn editing by Linda Stern and David Gregorio)



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BUSINESS NEWS: U.S. hiring accelerates, jobless rate hits six-year low

By Jason Lange

WASHINGTON (Reuters) - U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.

Friday's report on employment is the most significant gauge of the economy's health ahead of Nov. 4 congressional elections.

While President Barack Obama's message of an improving economy has been hampered by weakness in wages that persisted through last month, the data nevertheless underscored the strides the labor market has made this year.

U.S. non-farm payrolls rose by 248,000 last month and the jobless rate fell two-tenths of a point to 5.9 percent, the lowest since July 2008, the Labor Department said.

"Today's jobs report shows, at long last, what employment growth looks like in a balanced economic expansion," said Robert Shapiro, an economist at Sonecon.

The data was generally stronger than Wall Street analysts had anticipated, and investors doubled down on bets the Fed will raise interest rates in mid-2015. The central bank has kept benchmark rates near zero since 2008 to encourage investment and hiring.

Most of Wall Street's top bond firms still see the Federal Reserve starting to raise interest rates no later than June of next year and said the bond market was under-pricing the risk that the U.S. central bank may move more aggressively once it starts tightening policy, a Reuters survey showed on Friday.

Still, analysts noted the report bore a large caveat in the form of persistently stagnant wages. Average hourly earnings actually slipped a penny last month.

MOMENTUM GROWING

While weak wage growth is keeping Fed policymakers cautious about the timing of their first rate hike, the pace of hiring has stepped up significantly this year. The gain in payrolls over the last six months was the strongest for any six-month period since before the 2007-09 recession.

In a further sign of strength, 69,000 more jobs were created in July and August than previously estimated.

U.S. stocks rose and yields on U.S. government debt moved up, while the dollar continued a rally that has been in place for weeks.

The employment gains last month were broad-based.

Factories payrolls, which had fallen in August, expanded by 4,000 workers. The retail sector added 35,300 jobs, a big bounce back that the government said reflected an end to employment disruptions at a grocery chain in New England.

Construction and healthcare payrolls also notched solid gains.

There were some downsides, even outside the weakness in wages.

Notably, part of the decline in the unemployment rate was because workers left the labor force. The share of the population with jobs or hunting for one fell to 62.7 percent, its lowest level since 1978.

That rate has declined in recent years as more workers have retired and as people have given up job hunts due to a weak economy.

Still, a measure of unemployment that partially takes into account worker discouragement fell to 11.8 percent, its lowest level since October 2008.

The number of people who held part-time jobs but wanted full-time work declined slightly to 7.1 million, a sign of slow progress that will be eyed closely by Fed officials as they seek to gauge how much slack remains in the labor market.

In a sign the economy's expansion is moderating from the second quarter's torrid pace, a separate report showed growth in the U.S. services sector eased in September.

Most economists see the economy growing at around a 3 percent annual rate in the third quarter, down from the 4.6 percent rate notched in the April-June quarter but still well above the average over the last two years of 2.2 percent.

Recent signs of vigor in the economy, however, may be insufficient for the Fed to initiate an early rate increase.

Over the past 12 months, hourly earnings were up only 2.0 percent, in line with what has been seen over the past few years and a slight deceleration from August.

"It was a good report but I don't think it changes the Fed dynamics," said Kim Rupert, a managing director at Action Economics in San Francisco. "I still think the first rate hike is maybe mid-year."

In a third report, the Commerce Department said the U.S. trade gap unexpectedly narrowed in August to its smallest level in seven months on an increase in exports, which led some economists to raise their growth forecasts.

(Reporting by Jason Lange; Additional reporting by Herb Lash and Michael Connor in New York; Editing by Andrea Ricci and Meredith Mazzilli)

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BUSINESS U.S. service sector growth slips in September: ISM survey

NEW YORK (Reuters) - The pace of growth in the U.S. services sector fell in September to its lowest level in three months but employment hit a nine-year high, according to an industry report released on Friday.



The Institute for Supply Management said its services index fell to 58.6 last month from 59.6 in August, which was its highest level since its inception in January 2008. The September reading was slightly above economists' forecasts for 58.5, according to a Reuters survey.



A reading above 50 indicates expansion in the sector.



Its index of business activity fell to 62.9 in September, down from 65.0 in August. The August reading was the highest since a matching December 2004 reading.



Meanwhile, the employment index rose to 58.5, the highest since August 2005, compared with 57.1 in August. That dovetails with the government's closely watched monthly payrolls report, also out on Friday, which showed 207,000 services sector jobs created last month, accounting for more than 80 percent of the 248,000 jobs created overall.



(Reporting by Sam Forgione; Editing by Meredith Mazzilli)





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BUSINESS NEWS: Want to get back into stocks? Check junk spreads first

By Rodrigo Campos

NEW YORK (Reuters) - A positive vibe returned to the U.S. stock market Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over. The best clues may come from what happens to low-quality corporate bonds.

The most recent decline in the S&P 500 marks the third time in six months that the market has looked wobbly and threatened a significant reversal. Each time, so far, it has bounced back quickly.

But what has some investors most worried this time around is the recent, notable underperformance in junk bonds in the past few months. In the past this has been a precursor to bearishness in the equity market.

High-yield corporate bond spreads .MERH0A0, the premium investors get for purchasing low quality corporate debt as opposed to benchmark U.S. Treasuries US10YT=RR, have been increasing steadily since late June. A widening spread means their performance is lagging higher-quality bonds.

The spread has since widened by more than 100 basis points, according to Bank of America-Merrill Lynch data. Previous spikes of this magnitude have preceded pullbacks in the S&P 500, and the greater the selloff in high-yield debt, the worse the outcome was for stocks.

"Spreads are widening and it's certainly not a good time for equities. It doesn't have to be a terrible time, but it's telling you people are on the margin taking risk off," said Paul Zemsky, chief investment officer of Multi-Asset Strategies and Solutions at Voya Investment Management in New York.

He said that while reduced liquidity in the high-yield bond market could exaggerate the moves in spreads, the overall signal is of a marked shift in sentiment.

"I do think (the spread) has some information in terms of risk appetite and how people see economic growth," Zemsky said.

High yield most recently started widening against Treasuries beginning on June 23, when the S&P 500 was around 1,960, with the peak set earlier this week at an increase of 116 basis points. The S&P closed the week at 1,967.90 while the yield spread tightened slightly to 107 basis points.

The last time such a shift in spreads started was in May 2013, and it preceded a near 6 percent fall in the S&P. Weakening in junk bonds in early 2012 also preceded an S&P downdraft between April and June 2012, when the S&P last flirted with a 10 percent drop.

However, the move may not yet signal a market correction. As has been the pattern in 2014, investors are content to move money between different stock market sectors rather than flee altogether. Small-cap shares entered a correction at one point this week and the S&P energy sector fell 13 percent from their 2014 peak, but investors piled into the healthcare sector .SPXHC, which hit a lifetime record early last week.

In April 2011, high yield spreads began widening in a move that eventually reached 450 basis points. Stocks didn't begin to correct until the spread had moved nearly 100 basis points, but eventually they sank nearly 20 percent.

"If you run a chart of junk spreads going back five years this move is tiny. We've seen much, much bigger moves in junk, and much bigger selloffs in junk in the last five years," said Brian Reynolds, chief market strategist at Rosenblatt Securities in New York.

The current spike, he said, "did predict (the move) in stocks, it did follow through and we're probably now reaching a climax of panic," he said.

This is why the next move in credit spreads becomes key. Next week is relatively light for economic data. Investors haven't run entirely from bond markets, but have shifted funds around. High yield funds saw an outflow of $2.3 billion in the most recent week to Oct. 1, the most since early August, according to Lipper, as they moved money into high-grade corporate debt.

The focus may shift again to escalating conflicts in the Middle East, the stubborn weakness of the European economy, or the outcome of Hong Kong pro-democracy protests that are challenging the authority of Beijing.

For Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin, the key lies in earnings reports, which begin in two weeks.

"If we don't get earnings corroborating the (bearish) story being told by spreads, then I think we'll see the spreads come in."

(Reporting by Rodrigo Campos; Editing by Martin Howell)



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ENTERTAINMENT NEWS: Demonic 'Annabelle' draws on classic horror films for nostalgic scares

By Piya Sinha-Roy

LOS ANGELES (Reuters) - There's a new demon in town, and she's hiding among the toys.

"Annabelle," out in U.S. theaters on Friday, kicks off October's Halloween offerings at the box office with the origin story of a porcelain doll that masks a sinister secret, a spin-off from last year's Warner Bros. horror hit "The Conjuring."

Set in 1970s California, young newlywed couple Mia and John, played by Annabelle Wallis and Ward Horton, settle into a small house in Santa Monica.

Soon after pregnant Mia receives Annabelle, a gift from her husband for her growing doll collection, the couple endure a terrifying break-in, and then strange things start happening.

The couple move to a new home, but something dark follows them and haunts their baby daughter.

"It was set in the '70s at a time where movies of the genre were very well respected," said Wallis. "I think the element of truth to it, that it stems from real events and whether or not you believe in occult, there are documented things that happened."

Dolls are usually associated with innocence and playfulness, but have been distorted into dark creatures in numerous horror movies, such as 1987's "Dolls" and Chucky the serial killer in 1988's "Child's Play," which spawned numerous sequels.

In "The Conjuring," directed by James Wan, Annabelle is possessed by a twisted supernatural force, and the doll's porcelain face becomes warped into an evil grin.

"For an inanimate object, (Annabelle) really stood out and when 'The Conjuring' came out, it was validated to us how much people loved her character," said Wan, a producer on "Annabelle."

Classic horror homages are sprinkled through "Annabelle," namely Roman Polanski's 1968 cult horror "Rosemary's Baby," referenced in the couple's names for actors Mia Farrow and John Cassavetes.

Wallis said she took inspiration from Alfred Hitchcock's icy blonde leading ladies, while director John Leonetti said he was influenced by Hitchcock's use of suspense, as well as 1973's "The Exorcist" and 1976's "The Omen."

"Annabelle," made by Time Warner Inc's Warner Bros studios for an estimated $5 million, is expected to earn $27 million in its opening weekend, just behind the $31 million debut of thriller "Gone Girl," according to Boxoffice.com.

"Annabelle" belongs to a recent wave of paranormal films that have edged out gory horror offerings and drawn studios back to the genre.

The "Paranormal Activity" franchise, initially independent productions, has exemplified the success of low-budget horror that scared up big box office sales for its distributor, Viacom-owned Paramount Pictures.

Comcast Corp's Universal Pictures tested the waters with August's "As Above So Below" and this month's "Ouija."

"Back in the '70s, all the great horror, scary, suspense movies were made by the studios," Wan said, adding that he and Leonetti wanted to "hark back to that spirit."

"We believe that you can make something that's studio quality filmmaking, but retain what we love about this particular genre."

(This version corrects prequel to spin-off in paragraph 2)

(Editing by Mary Milliken and Cynthia Osterman)

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ENTERTAINMENT NEWS: 'Real Housewives of New Jersey' couple get prison in fraud case

By Terence McGinley

NEWARK N.J. (Reuters) - Teresa Giudice, star of "The Real Housewives of New Jersey," was sentenced on Thursday to 15 months in prison and her reality television co-star husband to 41 months behind bars in their federal fraud case.

The couple arrived holding hands at U.S. District Court in Newark, where Judge Esther Salas spent hours berating them for years of hiding income and lying to obtain loans.

"I'm not sure you respect this court. I'm not sure you respect the law," Salas said before ordering Giudice, 42, to serve her sentence first, followed by her husband, so their four daughters will have child care.

The judge repeatedly referred to the "imminent deportation" of her 44-year-old husband, Giuseppe Giudice, an Italian citizen better known as Joe, but no further information was immediately available.

He was sentenced to 41 months in prison and ordered to pay $414,588 in restitution and fined $10,000. Teresa Giudice was sentenced to 15 months in prison fined $8,000.

"I can't even explain the pain that I've gone through," she sobbed, wiping her tears. "My daughters are my life. They are the first thing I think about when I wake up."

The judge scolded her for failing to live within the law.

"On one hand you are a savvy businesswoman who writes successful cookbooks and markets herself so well. On the other hand you say you didn't know how to cooperate. It defies logic," Salas said. "In the eyes of the law, it doesn't matter who you are."

The Towaco, New Jersey, couple entered plea deals in March, admitting to bankruptcy fraud and conspiracy to commit mail and wire fraud.

Joe Giudice also pleaded guilty to failure to file tax returns on income totaling nearly $1 million.

He could have been sentenced to up to 46 months in prison. Teresa Giudice faced up to 27 months.

Teresa Giudice must turn herself in to authorities to begin serving her sentence on Jan. 5, 2015, the judge said, to allow the family to spend the Christmas holidays together.

The Giudices have appeared in five seasons of the Bravo channel show, where they reveled in their luxury lifestyle and spent lavishly on their children and themselves.

In the first episode, Teresa Giudice paid $120,000 in cash to furnish a room in their house styled after a French chateau.

In their plea deals, the couple admitted that from 2001 through 2008, they submitted fraudulent applications for mortgages and other loans, falsely claiming to have substantial salaries.

In September 2001, Teresa Giudice applied for a $121,500 mortgage by falsely claiming she worked as an executive assistant and submitting fake W-2 forms and fake pay stubs, prosecutors said.

In 2005, for a $361,250 mortgage, she falsely claimed to be working as a real estate agent making $15,000 a month, when in truth she was unemployed, they said.

In 2009, the couple filed for bankruptcy protection, concealing businesses they owned, income from rental property, and Teresa Giudice's income from the "Housewives" show, prosecutors said.

(Editing by Barbara Goldberg, Eric Walsh and Mohammad Zargham)



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SCIENCE Russia to launch new heavy-lift space rocket on December 25: Interfax

MOSCOW (Reuters) - Russia plans to test launch its new heavy-lift Angara space rocket on Dec. 25, Interfax news agency quoted a source in the space industry as saying on Friday.



The Angara is the first new family of space rockets developed by Russia since the Soviet era and is a vital part of President Vladimir Putin's efforts to revive the space industry. A lighter version was launched successfully in July.



"All relevant departments, including the Ministry of Defence, have agreed on the planned launch date," the source told Interfax.



Officials had earlier said the launch of the Angara A5, intended to succeed Russia's workhorse Proton launcher rocket, would probably take place in late December but had not set a date. The Roscosmos space agency did not immediately comment.



After more than two decades in the making, the first test launch of the smaller Angara-1.2PP was aborted in June after a technical problem was detected as Putin watched from the Kremlin. The successful launch was on July 9.



(Reporting by Lidia Kelly, Editing by Timothy Heritage)





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SCIENCE Scientists check the engine of cheetahs, animal world's 'Ferrari'

By Will Dunham

WASHINGTON (Reuters) - Cheetahs can aptly be called the race cars of the animal kingdom: sleek, graceful and supremely speedy.

Scientists have now taken a bit of a look under the hood of these feline Ferraris to gauge how much energy they burn as they traverse their African habitats and to gain insight into factors that may be contributing to their precipitous population plunge.

A study published on Thursday in the journal Science described how researchers tracked 19 free-roaming cheetahs for two weeks at two sites in South Africa and Botswana. They measured energy expenditure after injecting cheetahs with isotope-laden water and later analyzing their feces.

They were surprised to learn that cheetahs used relatively little energy in their high-speed chases for prey like gazelles and impalas. The world's fastest land mammals, known for their spotted coat, cheetahs accelerate from a standstill to 60 mph (96 kph) in three seconds in amazing short bursts of speed.

"Our data suggest that they are indeed perfectly adapted to this hunting technique. They recover pretty fast, so the high-speed hunting doesn't really affect their quality of life," said one of the researchers, North Carolina State University biologist Johnny Wilson.

The findings also contradicted the hypothesis that cheetahs expend an inordinate amount of energy catching new prey after bigger competing predators like lions and hyenas steal carcasses brought down by them.

Their biggest energy drain was the distances cheetahs must walk while seeking prey thanks to man-made problems like habitat loss in grasslands and other areas, fences restricting free travel and people killing too many of the animals cheetahs eat.

Queen's University Belfast biologist Michael Scantlebury, who led the study, said the cheetahs traveled up to nearly 19 miles (30 km) per day. He said "cheetahs may be Ferraris but most of the time they are driving slowly," traipsing over sand dunes in baking heat with no water to drink.

Cheetah populations have declined from about 100,000 to 10,000 over the past century, experts say.

"It is us humans that are going to be responsible for their dwindling numbers. We need to be even more careful to look after and maintain the remaining areas of the world that are truly wild, and we need to think about the consequences of our actions," Scantlebury said.

Another study in the same journal used a different approach to assess energy expenditure in another big cat, the mountain lion of the Americas, also known as a puma or cougar.

Scientists studied energy expenditure by mountain lions by somehow putting some on treadmills. They then used a special tracking collar to monitor their movements in the wild. Mountain lions do not use speed, but use an energy-conserving sneak attack with a lethal pounce.

"The more time that the animals could spend in low-activity level behaviors - stalking, sit-and-waiting, slow walking - the greater the relative benefit of the kill, basically less calories expended for obtaining prey calories," said University of California-Santa Cruz wildlife physiologist Terrie Williams.

(Reporting by Will Dunham; Editing by Tom Brown)



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TECHNOLOGY NEWS: Yahoo plans to invest in Snapchat: WSJ

(Reuters) - Yahoo Inc plans to invest a part of the proceeds from the Alibaba Group Holding Ltd stake sale in mobile app Snapchat, which lets users send messages that disappear after a few seconds, the Wall Street Journal said.



Yahoo and Snapchat held talks that are expected to lead to an investment in the mobile-messaging startup's next funding round, the Journal said, citing three people familiar with the matter.



The round values Snapchat at about $10 billion and it was not clear how much Yahoo plans to invest in the hugely popular application, the Journal said.



Yahoo and Snapchat were not immediately available for comments.



Institutional Venture Partners and DST Global, two previous Snapchat investors, are also planning to invest in the company, the paper reported, citing two people familiar with the matter.



Yahoo's shares were up 1.4 percent at $41.07 in late trading on Friday.



(Reporting By Nayan Das in Bangalore; Editing by Don Sebastian)





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TECHNOLOGY NEWS: Facebook wins EU approval for $19 billion WhatsApp bid

By Foo Yun Chee



BRUSSELS (Reuters) - Facebook (FB.O), the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.



The landmark deal is the largest in Facebook's 10-year history and will give it a strong foothold in the fast-growing mobile messaging market.



WhatsApp is poised to become a potentially powerful rival to companies such as Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA) and Telecom Italia (TLIT.MI) with its plan to add free voice-call services for its 450 million customers later this year.



The European Commission said the Facebook-WhatsApp deal would not hurt competition.



"We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market. Consumers will continue to have a wide choice of consumer communications apps," European Competition Commissioner Joaquin Almunia said.



Reuters was the first to report on Sept. 25 that the deal would be cleared unconditionally. U.S. regulators nodded through the deal in April.



WhatsApp and its rivals such as KakaoTalk, China's WeChat and Viber have in recent years won over telecoms operators' customers with a free text messaging option, posing a serious threat to the sector's revenues from this business, which totaled about $120 billion last year, according to market researcher Ovum.



(Reporting by Foo Yun Chee; Editing by Tom Heneghan)





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TECHNOLOGY NEWS: Apple to hold iPad event on Oct. 16: Re/Code

(Reuters) - Apple Inc plans to hold a "special event" on Oct. 16, where it is expected to launch its new iPads, technology website Re/Code said, citing sources.



Apple executives were not immediately available for comment.



The iPhone maker is expected to unveil the new iPads and the latest updates to its iMac line, the website said, citing an article published by technology website 9to5Mac earlier this week. (http://on.recode.net/1CILf7a) (http://bit.ly/1qO3OxZ)



(Reporting by Subrat Patnaik in Bangalore; Editing by Kirti Pandey)





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TECHNOLOGY NEWS: States probe JPMorgan Chase as hack seen fueling fraud

By Jim Finkle and Karen Freifeld

BOSTON (Reuters) - Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase & Co (JPM.N) in a massive cyber attack uncovered over the summer, and more may soon join, Reuters learned on Friday.

Illinois Attorney General Lisa Madigan said she has launched a probe into the hack on the No. 1 U.S. bank by assets.

Connecticut is also investigating, said a person familiar with the matter who was not authorized to publicly discuss the probe.

"A breach of this size and significance demands a comprehensive response from the highest level of our government," Madigan said in a statement. "Thorough investigations of major breaches must be done, and the results must be shared with the public whose information and financial security is at risk, or consumer confidence will be further diminished."

Special Assistant Attorney General William Brauch, director of the Iowa Department of Justice's Consumer Protection Division, told Reuters that other states attorneys general are discussing the matter and could launch a joint investigation.

"I would imagine a group will form, but that has not happened yet," he told Reuters.

News of the actions by the states emerged a day after the bank said in a regulatory filing that customer names, addresses, phone numbers and email addresses were taken in the attack that the bank said surfaced in August. It added that it was continuing to investigate the matter and that customers would not be liable for any unauthorized transactions that were promptly reported to the bank.

When asked to comment on the investigations, JPMorgan spokeswoman Patricia Wexler said the company was careful not to speak more about the breach until it had "complete information."

She said that, given the fact that no account information was taken, the bank was not legally required to disclose as much as it has.

FRAUD WARNING

However, cybercrime experts warned that the hack could fuel years of fraud, as criminals use the stolen data to "phish" for customer passwords and ferret out other consumer accounts.

The bank said it has not seen any rise in fraud in the wake of the discoveries, but security researchers said the information that hackers stole, such as addresses, tends to change relatively slowly, which gives criminals a long time to use it.

Their first step will likely be to use the information to send emails to customers purporting to be from JPMorgan Chase. Links embedded in those emails could be used to con customers out of their passwords, a practice known as "phishing."

"Hackers might send out emails saying 'Your JPMorgan Chase account has been breached, please log into our portal and enter your information,'" said Alex Holden, chief executive of Hold Security, a cyber security firm that monitors trade in stolen credentials.

The bank's letter to account holders on its website on Friday made no mention of "phishing," but it linked to a "frequently asked questions" document whose last answer warned about "phishing." Wexler said the bank is making the warning more prominent on its website.

"The risk is phishing" Wexler said, adding that people should be on the lookout. She said that there was no evidence that account numbers, passwords, user IDs, birthdays, or Social Security numbers were taken.

The stolen data is likely to end up being sold on underground cybercrime exchanges to fraudsters who will use it for "phishing" and other schemes. Holden said it is likely to be broken up into groups based on categories such as zip codes, with wealthy demographics going for higher rates. He estimates that lots of varying sizes would sell for between $1,000 and $15,000, with each of them being resold multiple times.

Such information can be used to craft "phishing" emails to seek other types of online accounts, beyond the initial firm that was breached, particularly when combined with personal details from social networking sites such as Facebook (FB.O), Google (GOOGL.O), LinkedIn (LNKD.N) and Twitter (TWTR.N), security researchers warned. Details from social media profiles can provide criminals with rich information that they can use to craft convincing "phishing" emails, including information about family, friends, education and work.

"Social media helps the criminals pursue their trade," said Mark Rowley, assistant commissioner for specialist operations for London's Metropolitan Police.

JPMorgan's Wexler said that the bank is not offering credit monitoring to customers because no financial information, account data or personally identifiable information was compromised.

JPMorgan disclosed at the end of August that it had hired outside forensics experts to help it investigate a possible cyberattack.

The bank said in April that it expects to spend more than $250 million on cybersecurity this year, with about 1,000 people focused on the area. The bank's efforts will grow exponentially in the coming years, it added.

(Additional reporting by Eric Auchard and Steve Slater in London and David Henry in New York)




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ENTERTAINMENT NEWS: 'Real Housewives of New Jersey' couple get prison in fraud case

By Terence McGinley

NEWARK N.J. (Reuters) - Teresa Giudice, star of "The Real Housewives of New Jersey," was sentenced on Thursday to 15 months in prison and her reality television co-star husband to 41 months behind bars in their federal fraud case.

The couple arrived holding hands at U.S. District Court in Newark, where Judge Esther Salas spent hours berating them for years of hiding income and lying to obtain loans.

"I'm not sure you respect this court. I'm not sure you respect the law," Salas said before ordering Giudice, 42, to serve her sentence first, followed by her husband, so their four daughters will have child care.

The judge repeatedly referred to the "imminent deportation" of her 44-year-old husband, Giuseppe Giudice, an Italian citizen better known as Joe, but no further information was immediately available.

He was sentenced to 41 months in prison and ordered to pay $414,588 in restitution and fined $10,000. Teresa Giudice was sentenced to 15 months in prison fined $8,000.

"I can't even explain the pain that I've gone through," she sobbed, wiping her tears. "My daughters are my life. They are the first thing I think about when I wake up."

The judge scolded her for failing to live within the law.

"On one hand you are a savvy businesswoman who writes successful cookbooks and markets herself so well. On the other hand you say you didn't know how to cooperate. It defies logic," Salas said. "In the eyes of the law, it doesn't matter who you are."

The Towaco, New Jersey, couple entered plea deals in March, admitting to bankruptcy fraud and conspiracy to commit mail and wire fraud.

Joe Giudice also pleaded guilty to failure to file tax returns on income totaling nearly $1 million.

He could have been sentenced to up to 46 months in prison. Teresa Giudice faced up to 27 months.

Teresa Giudice must turn herself in to authorities to begin serving her sentence on Jan. 5, 2015, the judge said, to allow the family to spend the Christmas holidays together.

The Giudices have appeared in five seasons of the Bravo channel show, where they reveled in their luxury lifestyle and spent lavishly on their children and themselves.

In the first episode, Teresa Giudice paid $120,000 in cash to furnish a room in their house styled after a French chateau.

In their plea deals, the couple admitted that from 2001 through 2008, they submitted fraudulent applications for mortgages and other loans, falsely claiming to have substantial salaries.

In September 2001, Teresa Giudice applied for a $121,500 mortgage by falsely claiming she worked as an executive assistant and submitting fake W-2 forms and fake pay stubs, prosecutors said.

In 2005, for a $361,250 mortgage, she falsely claimed to be working as a real estate agent making $15,000 a month, when in truth she was unemployed, they said.

In 2009, the couple filed for bankruptcy protection, concealing businesses they owned, income from rental property, and Teresa Giudice's income from the "Housewives" show, prosecutors said.

(Editing by Barbara Goldberg, Eric Walsh and Mohammad Zargham)



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TOP NEWS GM recalls more than half a million cars, SUVs

By Ben Klayman

DETROIT (Reuters) - General Motors Co said on Friday it was recalling 524,384 cars and sport utility vehicles globally in two actions dealing with potential latch problems and loose parts and would stop sales of two new truck models with potential air bag defects.

The latest recalls, which involve Cadillac and Saab SUVs and Chevrolet Spark small cars, bring the number by the No. 1 U.S. automaker to 71 this year, affecting almost 30 million vehicles. The highest profile is the recall of 2.6 million cars with defective ignition switches linked to at least 23 deaths.

GM also said it had told U.S. dealers on Thursday to stop selling the newly introduced 2015 Chevy Colorado and GMC Canyon mid-sized pickup trucks in advance of a recall to fix a potential air bag defect.

The company said it was recalling 430,550 Cadillac SRX and Saab 9-4X SUVs for possible loose joint and worn threads in the rear toe link assembly that could cause the vehicle to wander at highway speed and if it separates, increasing the risk of a crash.

GM said it was aware of three crashes and two injuries resulting from the problem.

Dealers will replace the SUVs' rear toe link assembly as needed. The recall affects SRX SUVs from model years 2010 through 2015 and 9-4X SUVs from 2011 and 2012 model years.

Of the recalled SUVs, 290,107 are in the United States and the rest are vehicles exported to Canada, Mexico and other markets.

HOOD LATCH PROBLEM

The Detroit company also recalled 93,834 newer South Korea-built Chevrolet Spark cars because of a risk of the hood opening unexpectedly during driving, increasing the likelihood of a crash.

GM said it was not aware of any crashes, injuries or deaths from this problem, but in documents filed with the U.S. National Highway Traffic Safety Administration it cited two cases in the United Kingdom and one in Denmark where the vehicle hood opened while the customer was driving.

During its investigation, GM said it had discovered the suspect secondary hood latch failed a 10-year component level corrosion test in November, the documents said. By February, GM determined that the anticorrosion coating was deficient, and it began applying a different coating in late July.

GM's investigation revealed 10 warranty cases in the United States with premature corroding of secondary hood latches, according to the NHTSA documents.

The cars affected by the recall are from model years 2013 through 2015.

About 13,000 of the affected cars are still at U.S. dealers and will not be sold until they are repaired, GM said. Of the cars recalled, 89,294 are in the United States, with the rest in Canada, Mexico and other countries.

Customers will be notified, and dealers will replace the cars' hood strikers when parts are available, GM said.

In the case of the Colorado and Canyon, which went on sale last month, GM said deployment of the trucks' driver-side air bags could be disrupted because of connections wired incorrectly during manufacturing. It said it was not aware of any crashes, injuries or deaths resulting from this problem.

GM said it had not determined the number of trucks to be recalled, but most are still at the Missouri plant where they were built, and only a small number have been sold.

The company said any affected vehicles were safe, but free loaner cars would be available by request.




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