International Business Times

Shanghai Jahwa Drops In Value Due To Chairman Being Forced Out By Majority Investor

s.song — Sat, 18 May 2013 23:05:00 GMT

A dispute between an executive and the controlling shareholder caused the share price of Shanghai Jahwa United Co. Ltd. (SHA:600315) to plummet recently, and small investors in one of the oldest companies in China were angered by the heavy losses they suffered, according to the Financial Times.

VIDEO 2013 Preakness Stakes: Oxbow Dominates, Stunts Orb’s Triple Crown Chances

gregprice — Sat, 18 May 2013 22:49:58 GMT

Fifteen-to-one odds didn’t stop Oxbow, who became the first horse in more than 30 years to win the Preakness Stakes wire-to-wire Saturday afternoon at Pimlico.

Not since Aloma’s Ruler in 1982 has a horse bolted out from the gate and never relinquish a lead.

Hall of Fame jockey Gary Stevens won his third Preakness as Oxbow broke out to a two-length lead after the first turn, while heavy favorite Orb stayed with the pack until after the second bend. Stevens has now won each of the Triple Crown legs three times, including the longer track at Belmont.

NASCAR All-Star Race At Charlotte: Where To Watch Live, Preview, Starting Grid

gregprice — Sat, 18 May 2013 21:48:32 GMT

As NASCAR gathers to celebrate its current stars, it also honors the passing of one of its legends.

Carl Edwards will lead off Saturday’s All-Star Race at Charlotte Motor Speedway after winning the pole Thursday with the name of the legendary Dick Trickle on his windshield

Famous for his winning ways on the short track, especially in the Midwest, Trickle reportedly died of a self-inflicted gunshot wound earlier this week and sent the racing world into a tailspin.

Milwaukee Bra Ban Lifted For Holler House Bar; City Backs Down From Fire Hazard Claim [PHOTO]

hkoplowitz — Sat, 18 May 2013 21:46:34 GMT

The owners and patrons of the historic Holler House bar in Milwaukee are hollering cries of joy after the city withdrew its ban on the bras that adorn the storied watering hole’s ceiling.

Bras have been a unique decorative touch at the Holler House for nearly 50 years, but, citing a fire hazard, a Milwaukee inspector issued a ban on the brassieres after visiting the South Side bar last month. However, the city has since withdrawn its support for the ban.

New York Knicks Vs. Indiana Pacers: Where To Watch Live Online Stream, Preview, Betting Odds Prediction For Game 6 [NBA Playoffs]

gregprice — Sat, 18 May 2013 21:25:44 GMT

The New York Knicks hope to stave off elimination Saturday night as they meet the Indiana Pacers in Game Six of the Eastern Conference semifinals at Bankers Life Fieldhouse.

In an 85-75 win, no group came through more for the Knicks in Game Five than their bench, which outscored Indiana’s 35-10 with 13 points apiece from J.R. Smith and Chris Copeland.

Carmelo Anthony scored 28 points, on 12-for-28 shooting, and Smith led New York with three steals. The Knicks forced 19 Pacer turnovers.

Mario Williams Suicide Text Messages: Ex Girlfriend Erin Marzouki’s Lawyer Releases Details Over Football Player’s Engagement Ring Lawsuit

gregprice — Sat, 18 May 2013 21:11:22 GMT

There doesn’t appear to be a quick end to the lawsuit Buffalo Bills defensive end Mario Williams filed against his former fiancee to retrieve a $785,000 engagement ring.

Friday the attorney for Williams’s ex-fiancee, former Houston Texans employee Erin Marzouki, released a text message conversation the couple had on November 11, in which Williams made veiled remarks to suicide, according to reports for the AP.

"No money in the world should leave me with suicidal thoughts," Williams wrote.

Nintendo Continues To Neglect Metroid Series

Konrad Krawczyk — Sat, 18 May 2013 19:52:39 GMT

This morning, Nintendo held its Nintendo Direct event, live streaming it to the globe via its website. During the event, Satoru Iwata, Nintendo CEO, unveiled plans for releases, covering many of the company's A+ brands, including the Mario, Zelda and Donkey Kong series. So what's missing? Metroid.

Metro-North Connecticut Train Crash Cause Unknown, Collision Investigation May Take 10 Days: NTSB

hkoplowitz — Sat, 18 May 2013 18:37:12 GMT

The cause of Friday’s Metro-North Railroad train crash that injured about 70 people in Fairfield, Conn., may not be known for at least another week as National Transportation Safety Board investigators look into the collision.

‘Walking Dead’ Season 4 Spoilers: A Plane Crash And New Filming Location For Bob Stookey? Set Photos Leak Online

ARemling — Sat, 18 May 2013 18:23:21 GMT

“The Walking Dead” is currently filming its fourth season and fans in the area of Griffin, Ga., have been lucky enough to catch a glimpse at new set locations. Judging by recently posted photographs, life for Rick and the rest of the group won’t be getting any easier.

Bunga Bunga Parties At Berlusconi's Villa Had Nun Strippers, Woman In Obama Outfit: Karima El-Mahroug

hkoplowitz — Sat, 18 May 2013 17:33:12 GMT

What would you see if you attended one of Italian Prime Minister Silvio Berlusconi’s Bunga Bunga parties? A woman dressed as U.S. President Barack Obama? Strippers in nun outfits? A woman in the guise of the prosecutor leading the prostitution case against Berlusconi? Well, try all of the above, at least according to Karima el-Mahroug, the Moroccan woman to whom prosecutors say the erstwhile premiere paid money for sex when she was a minor.

What TV Channel Is Powerball On? Will There Be A Winner Of Record $600 Million Jackpot?

hkoplowitz — Sat, 18 May 2013 16:56:41 GMT

As Powerball fever sweeps the country ahead of the largest jackpot -- an estimated $600 million -- in the game's history, odds are favorable that a new multimillionaire (or multiple winners) will be crowned after Saturday night’s drawing.

Sales of Powerball tickets are surging as millions of Americans dream of hitting it big, with lines snaking around the corners of some convenience stores and other lottery retailers around the country.

VIDEO Bayern Munich 4-3 Borussia Monchengladbach Highlights: Ribery’s Two Goals, Assists Cap Bundesliga Season

gregprice — Sat, 18 May 2013 16:36:17 GMT

Bayern Munich punctuated their successful Bundesliga campaign with a 4-3 comeback victory over Borussia Monchengladbach Saturday at Borussia Park.

Down 3-1 in a wild first 10 minutes of play, Franck Ribery’s two goals and two assists led Munich’s attack and eventual victory.

Monchengladbach’s Martin Stranzl and Mike Hanke each scored in the opening five minutes and looked poised for the upset, but Bayern’s Javi Martinez responded with a goal in the seventh minute to calm things down.

Dennis Rodman Has Some Choice Words For President Obama About North Korea Trip

Charles Poladian — Fri, 10 May 2013 17:06:36 GMT

Dennis Rodman, the unlikely best friend of Kim Jong-Un, is planning to return to North Korea on Aug. 1 and the NBA legend politely said President Barack Obama can’t do anything about it.

Rodman, also known as “The Worm,” first made the trip to North Korea as part of a journalistic endeavor captured by the Vice Magazine crew for a new series that is currently airing on HBO. The Hall of Famer and North Korea’s leader hit it off and became instant friends.

Manchester United Transfer News: Ronaldo, Lewandowski, Fellaini And Baines Involved In Latest Speculation

jasonlemiere — Fri, 10 May 2013 17:05:25 GMT

Despite the impending retirement of manager Sir Alex Ferguson, Manchester United appear to remain keen to bring about a sensational return to the club for Real Madrid star Cristiano Ronaldo.

It has been widely reported that outgoing United chief Executive David Gill was in Madrid on Wednesday night to meet with Ronaldo’s agent Jorge Mendes. United have been linked to Ronaldo for much of the season since the forward revealed that he was sad at Madrid last September.

Lion Tacos Pulled: Taco Fusion, Tampa, Fla., Restaurant, Removes Lion-Meat Tacos From Menu After Backlash

Thomas Barrabi — Fri, 10 May 2013 17:05:10 GMT

A Tampa, Fla., restaurant has decided to alter its exotic menu after its lion-meat tacos caused an uproar among customers.

The restaurant, called Taco Fusion, had made a name for itself by offering menu items that utilize meat from sharks, beavers, bears, and a variety of other unexpected animals. However, the taqueria’s proprietors pulled its lion tacos on Friday after a barrage of negative publicity, Gawker reports.

Jay Leno's Latest Pumpcast Skit Gets Overshadowed By Incredibly Talented Couple; Pair Steals The Show With Killer Karaoke [VIDEO]

Zoe Mintz — Fri, 10 May 2013 17:04:14 GMT

Pumpcast News got punked.

The reoccurring skit segment on “The Tonight Show” with Jay Leno where a fake news anchor confronts people at the gas pump, featured a musical couple that stole the show last night.

YouTube: Premium Content Channels To Charge Paid Monthly Subscription Fee

Ryan Neal — Fri, 10 May 2013 16:54:45 GMT

YouTube, the world’s largest video-streaming platform, released the first details of its paid subscription plan on Thursday. Users can now subscribe to 53 different channels offering premium content for a fee ranging from $0.99 to $7 per month.

US And Russia Closer On Syria, But Still Not Quite Friends

Albertoriva — Fri, 10 May 2013 16:24:07 GMT

CAIRO -- After two years of stalemate on Syria, the U.S. and Russia appeared to reach a breakthrough agreement during Secretary of State John Kerry’s first official visit to Moscow: a declaration of shared interests on Syria, and a plan for a international peace conference to end the escalating civil war. "This is the first hopeful news concerning that unhappy country in a very long time," said Lakhdar Brahimi, the UN-Arab League peace envoy to Syria in a statement on Wednesday. "It is nevertheless only a first step."

Alibaba's Legendary Founder Jack Ma Stepped Down As CEO Today, Handing The Role Over To Jonathan Lu

s.song — Fri, 10 May 2013 16:22:08 GMT

It’s official: Jack Ma, founder of Alibaba, China’s e-commerce giant, is no longer its CEO. Now that Ma has exited Alibaba, leaving Jonathan Lu in charge, where will the Lu lead the company and what challenges does the new CEO face?

China's Binge Drinking Business Culture: Learning To Be A Successful Drunk

Michelle FlorCruz — Fri, 10 May 2013 16:14:40 GMT

Alcohol is a deeply rooted part of Chinese culture, earning itself the name “Water of History” because of it can be traced in every period of Chinese lore.

Today, not much has changed.

Not only is China’s drinking age poorly enforced, if at all, but alcohol can be extremely affordable and is easily accessible. Beyond that, alcohol has solidified its position as one of the most useful tools for success in China’s business world, and one man, Xiu Weiliang, has turned it into a teaching opportunity.

Bryce Reed, West Paramedic, Arrested For Allegedly Possessing Destructive Device [PHOTO]

hkoplowitz — Fri, 10 May 2013 16:10:49 GMT

Bryce Reed, a West, Texas, paramedic who responded to the town’s devastating fertilizer plant explosion last month, was arrested Friday on charges of possession of a destructive device, the Dallas Morning News reported.

Mother’s Day 2013 Freebies: List Of Free Stuff And Deals For You (And Mom!) On May 12

n.deninno — Fri, 10 May 2013 16:01:15 GMT

You may have already locked down your Mother’s Day gift, but there are still tons of freebies for you and mom to enjoy together.

Here's a list culled by IBTimes of 10 online and brick-and-mortar restaurants and retailers that are offering great deals and freebies for Mother’s Day, Sunday, May 12.

Redbox

West, Texas Criminal Probe Launched In Fertilizer Plant Explosion

hkoplowitz — Fri, 10 May 2013 15:57:35 GMT

A criminal investigation is being launched into April’s fertilizer plant explosion in West, Texas, authorities announced Friday.

The McLennan County Sheriff’s Office and the Texas Rangers will lead the criminal probe, according to the Texas Department of Public Safety. The agency did not give a reason for the upcoming investigation.

Mac OS X 10.9 Release: 5 New Features Apple Will Likely Borrow From iOS 7

d.smith — Fri, 10 May 2013 15:50:19 GMT

Mac OS X used to be Apple’s bread and butter when it came to software, but thanks to the success of iOS over the last seven years, the Cupertino, Calif. company has been working hard to make its desktop and laptop operating systems mirror the mobile experience and popular features from iPhone and iPad, hoping to create one cohesive Apple ecosystem.

Jamie Dimon Love: Media And Financial Barons Come Out In Support Of JPMorgan Chase CEO [VIDEO]

Luke Villapaz — Fri, 10 May 2013 15:45:02 GMT

Jamie Dimon, president CEO of JPMorgan Chase has come under fire in recent weeks after shareholder advisory firms recommended that shareholders of JPMorgan stock vote to split Chairman and CEO roles, which would effectively demote Dimon. This came in response to the JPMorgan $6.2 trading loss last year due in part to the "London Whale" trade debacle.