DAR ES SALAAM (Reuters) - Tanzania's current account deficit increased by 13.1 percent in the year to October following a rise in imports of oil and of machinery for gas and oil exploration, its central bank said on Friday.The deficit in east Africa's second-biggest economy, which is fast becoming a regional energy hub following recent major discoveries of natural gas in its offshore waters, widened...
The American Economy Is on Fire Again, Apparently
Labels: BusinessFor the first time in years, everyone seems to agree that the economy truly appears to be back on track, as most of this week's new economic indicators zoomed past expectations. Earlier this morning, durable goods orders (an important of measure of how the manufacturing sector is doing) came in with impressive figures, while personal income and savings rates all blew past economists' expectations,...
GE to buy aviation unit of Italy's Avio for $4.3 billion
Labels: BusinessMILAN (Reuters) - General Electric Co has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession.The deal comes as Europe's fourth-biggest economy labors to become more competitive under a reform agenda set by technocrat prime minister Mario Monti, who is due to step down on Friday before general...
Two killed in supermarkets looting in Argentina
Labels: BusinessBUENOS AIRES (Reuters) - At least two people were killed in Argentina as looters broke into supermarkets in several cities, stirring memories of the country's devastating economic crisis 11 years ago.The violence erupted on Thursday in the Patagonian ski resort of Bariloche when dozens of looters stormed a supermarket and made off with LCD televisions and other goods.Government officials condemned...
US budget negotiations setback drives stocks down
Labels: BusinessPARIS (AP) — A failed attempt find a compromise in U.S. budget negotiations sent global stock markets plummeting Friday, as investors feared the world's largest economy could teeter into recession if no deal is found.Without an agreement, the U.S. economy will fall off the so-called "fiscal cliff" on Jan. 1 when Bush-era tax cuts expire and spending cuts kick in automatically. The measures were designed...
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Tom Cruise tabloid lawsuit: abandonment claims "substantially true" - publisher
Labels: EntertainmentLOS ANGELES (TheWrap.com) - The publisher of "Life & Style" and "In Touch," which is being sued by Tom Cruise for printing that the "Jack Reacher" star had abandoned his daughter Suri following his divorce from Katie Holmes, has fired back at the actor's suit.In an answer to Cruise's defamation lawsuit, filed in October, Bauer Publishing Co. says that its reporting is "substantially true."Bauer's...
Paramount alters marketing campaign for "Jack Reacher" after Newtown shooting
Labels: EntertainmentNEW YORK (TheWrap.com) - Paramount has altered the marketing for its upcoming Tom Cruise film "Jack Reacher" to minimize the gunfire and violence, an individual with knowledge of the studio's plans told TheWrap.While the studio declines to give specifics, its move was made because of the recent school shooting in Newtown, Conn. Paramount postponed last week's Pittsburgh premiere of the film, which...
"Amour" review: A wrenching but essential look at a disintegrating life
Labels: EntertainmentLOS ANGELES (TheWrap.com) - Movies love to speed up the dying process, whether it's the rosy-cheeked young girl who succumbs to a mysterious fatal illness in the final reel or the hero cop suddenly felled by one random bullet after committing an act of extraordinary heroism.But the actual mechanics of death and dying - the slow degeneration of mind and body, the subtle shadings in which people gradually...
"The Guilt Trip" review: Not like buttah, but better than margarine
Labels: EntertainmentLOS ANGELES (TheWrap.com) - The trailer, the casting, even the title of "The Guilt Trip" sets us up for a specific kind of movie: Nice neurotic boy henpecked by his nagging, smothering Yiddishe mama. It's a dynamic we've seen everywhere from the novels of Philip Roth to Woody Allen's "Oedipus Wrecks" and countless other movies and sitcoms over the last half-century or so.But "The Guilt Trip," starring...
Kevin Nealon, Tig Notaro fill out "Walk of Shame" cast
Labels: EntertainmentNEW YORK (TheWrap.com) - Kevin Nealon, Tig Notaro and Liz Carey are among the 11 actors who have joined the cast of "Walk of Shame," a comedy starring Elizabeth Banks, James Marsden and Gillian Jacobs.Written by Steven Brill, who will direct, the film stars Banks as an uptight anchor who gets locked out of her apartment after a late night out. Stranded without her wallet, phone, ID or car, she embarks...
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