Monday, October 7, 2013

Reuters: Oddly Enough: China investigates official over lavish, three-day wedding

Reuters: Oddly Enough
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China investigates official over lavish, three-day wedding
Oct 8th 2013, 05:01

BEIJING | Tue Oct 8, 2013 1:01am EDT

BEIJING (Reuters) - China's anti-graft watchdog is investigating a Beijing official who spent more than 1.6 million yuan ($260,000) on a lavish three-day wedding for his son, state media said, the latest step in the government's crackdown on waste and extravagance.

Ma Linxiang, a deputy village chief from the Beijing suburb of Qingheying, hosted the estimated 250-table wedding at an up-market convention center that was part of the main 2008 Beijing Olympics venue during the week-long National Day holiday last week, Chinese newspapers reported.

Ma told the Beijing News that the wedding was hosted by both families, and that he "couldn't stop" the bride's family from splurging on the venue as well as a troupe of performers that included two celebrities famous for their own lavish wedding.

Since taking office in March, Chinese President Xi Jinping has called corruption a threat to the ruling Communist Party's survival and vowed to go after powerful "tigers" as well as lowly "flies".

Among the "tigers", ousted senior politician Bo Xilai was jailed for life last month after he was found guilty of corruption, taking bribes and abuse of power.

Ma said he only paid for the two days of festivities in his village that cost 200,000 yuan, and that he received a fraction of that back in gifts, the newspaper said.

Wedding guests are traditionally expected to give newly-weds cash, which is often used to defray the costs of the wedding. Ma also said luxury cars used at the wedding were only "borrowed".

The official Xinhua news agency reported late on Monday that district-level anti-corruption investigators were looking into the wedding to see if any laws or rules had been broken.

Ma insisted he was well aware of Xi's anti-graft campaign.

"I'm a village official, I know all about the party's rules and what you should not do, but the bride's family insisted and I couldn't stop them," he told Xinhua.

He described the bride's family as wealthy businesspeople from the eastern province of Jiangsu.

Xi has sought to address growing public anger at the illegal or unethical behavior of party officials, especially those with flamboyant lifestyles.

($1 = 6.1220 Chinese yuan)

(Reporting by Adam Rose; Editing by Ben Blanchard and Paul Tait)

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Sunday, October 6, 2013

Reuters: Oddly Enough: Nine-year-old boy sneaks on flight from Minneapolis to Las Vegas

Reuters: Oddly Enough
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Nine-year-old boy sneaks on flight from Minneapolis to Las Vegas
Oct 7th 2013, 00:17

By Noreen O'Donnell

Sun Oct 6, 2013 8:17pm EDT

(Reuters) - A 9-year-old boy passed through security at the Minneapolis/St. Paul International Airport and flew on a Delta Air Lines plane to Las Vegas without a boarding pass, authorities said on Sunday.

It was not immediately clear why the child sneaked onto the flight on Thursday, but his action raised questions about airport and airline security.

"The story has a good ending because at least the flight crew took the appropriate actions and the child was returned safely," said Pat Hogan, a Minneapolis airport spokesman. "Obviously the concern is how the child was able to go through the security screening process and board an airplane in the first place."

The boy was screened at one of the airport's checkpoints shortly after 10:30 a.m. CDT on Thursday and got on the Delta flight to Las Vegas at 11:15 a.m. CDT.

Crew members became suspicious of him during the flight and contacted the Las Vegas Metropolitan Police Department, Hogan said. Officers took him into custody when the plane landed.

Delta spokeswoman Leslie Scott declined to comment beyond saying that the matter was under investigation. She declined to say why the crew became uneasy about the boy.

The Transportation Security Administration would say only that the boy was screened along with other passengers "to ensure that he was not a threat to the aircraft."

Security video shows the boy was at the airport on Wednesday as well, Hogan said.

The child, who is from Minneapolis, arrived on the light rail train that runs from the city's downtown, took a bag from a luggage carousel, and brought it to a restaurant in the area before the security checkpoints.

"He ordered lunch and ate it and then he told the wait staff that he had to use the restroom," Hogan said. "So he left the bag there, left the restaurant and never came back to pay."

The bag was returned to its owner.

Hogan said that he believed the child was back at home in Minneapolis with his family.

"It's really unclear why he was going to Las Vegas," he said.

(Editing by Edith Honan and Eric Walsh)

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Reuters: Oddly Enough: Nine-year-old boy sneaks on flight from Minneapolis to Las Vegas

Reuters: Oddly Enough
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Nine-year-old boy sneaks on flight from Minneapolis to Las Vegas
Oct 6th 2013, 19:19

By Noreen O'Donnell

Sun Oct 6, 2013 3:19pm EDT

(Reuters) - A 9-year-old boy slipped through security at the Minneapolis/St. Paul International Airport and flew on a Delta Air Lines plane to Las Vegas without a boarding pass, authorities said on Sunday.

It was not immediately clear why the child sneaked onto a Delta Air Lines flight on Thursday, raising questions about airport and airline security.

"The story has a good ending because at least the flight crew took the appropriate actions and the child was returned safely," said Pat Hogan, a Minneapolis airport spokesman. "Obviously the concern is how the child was able to go through the security screening process and board an airplane in the first place."

The boy was screened at one of the airport's checkpoints shortly after 10:30 a.m. CDT on Thursday and got on the Delta Air Lines flight to Las Vegas 11:15 a.m. CDT.

Crew members became suspicious of him during the flight and contacted the Las Vegas Metropolitan Police Department, Hogan said. Officers took him into custody when the plane landed.

Neither the Transportation Security Administration nor Delta would comment beyond saying that the matter was under investigation. Delta spokeswoman Leslie Scott would not say why the crew became uneasy about the boy.

Security video shows the boy was at the airport on Wednesday as well, Hogan said.

The child, who is from Minneapolis, arrived on the light rail train that runs from the city's downtown, took a bag from a luggage carousel, and brought it to a restaurant in the area before the security checkpoints.

"He ordered lunch and ate it and then he told the wait staff that he had to use the restroom," Hogan said. "So he left the bag there, left the restaurant and never came back to pay."

The bag was returned to its owner.

Hogan said that he believed the child was home in Minneapolis with his family.

"It's really unclear why he was going to Las Vegas," he said.

(Reporting By Noreen O'Donnell; Editing by Bill Trott)

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Friday, October 4, 2013

Reuters: Oddly Enough: What's the buzz? Colombian city claims world record as 13,800 meet for coffee

Reuters: Oddly Enough
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What's the buzz? Colombian city claims world record as 13,800 meet for coffee
Oct 5th 2013, 01:28

BOGOTA | Fri Oct 4, 2013 9:28pm EDT

BOGOTA (Reuters) - A Colombian city claimed to set a world record on Friday after 13,800 people gathered in a town square for a cup of coffee, a feat designed to promote the beverage in a nation that grows the beans but consumes little.

The event was organized by local authorities in the eastern province of Boyaca and the farmer-funded National Federation of Coffee Producers in the world's biggest producer of smooth-tasting 'washed' arabicas. The organizers said they have submitted evidence of the event held in Boyaca's capital, Tunja, to Guinness World Records.

The Guinness website says the largest ever "coffee party" was in Jugendpark, Cologne, Germany, in August 2009, at which 8,162 participants were served an iced coffee drink.

Though Colombia produces some of the world's finest coffees, helped by cooler temperatures high in the Andes, per capita consumption is less than half than that in the United States and about a quarter of that of Scandinavia.

(Reporting by Peter Murphy; Editing by Doina Chiacu)

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Reuters: Oddly Enough: Tweeter Home shares explode on apparent Twitter mix-up

Reuters: Oddly Enough
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Tweeter Home shares explode on apparent Twitter mix-up
Oct 4th 2013, 16:49

By Chuck Mikolajczak

NEW YORK | Fri Oct 4, 2013 11:13am EDT

NEW YORK (Reuters) - Shares of Tweeter Home Entertainment Group surged on Friday as misguided investors apparently viewed the stock as an unbelievable opportunity to jump into the not yet publicly traded Twitter Inc.

The specialty consumer electronics retailer, which is traded on the over-the-counter market, saw its shares rocket up more than 1,000 percent on volume of over 5 million shares.

The stock had closed on Thursday at a price of less than a penny a share and hit a high of 15 cents a share on Friday, before paring gains to trade at 4.7 cents, a 623 percent rise.

The volume already marked the most active trading day for the company since May 10, 2007, when 13.05 million shares were traded and the company reported quarterly earnings and said it may choose to file Chapter 11 bankruptcy.

Twitter Inc publicly filed its IPO documents on Thursday, setting the stage for one of the most-anticipated debuts in over a year.

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Thursday, October 3, 2013

Reuters: Oddly Enough: Man says dog ate his money and U.S. Treasury paid up

Reuters: Oddly Enough
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Man says dog ate his money and U.S. Treasury paid up
Oct 4th 2013, 00:22

By Laila Kearney

Thu Oct 3, 2013 8:22pm EDT

(Reuters) - A Montana man who pieced together the remnants of five $100 bills eaten by his one-eyed dog last year is sporting a $500 check he says he received this week from the U.S. Department of the Treasury to replace the digested funds.

Wayne Klinkel said his dog Sundance, a golden retriever, sniffed the wad of bills out of a car cubby space while waiting for Klinkel and his wife to return from lunch, and the canine made the currency his lunch.

Klinkel, a graphic designer from Helena, Montana, who works for the local newspaper, the Independent Record, said he found Sundance had left nothing uneaten but one intact dollar bill and a small piece of a single $100 note.

"He's been notorious for eating paper products," Klinkel said about Sundance. "I knew right away what had happened."

Klinkel rescued Sundance as a puppy from a shelter 12 years ago and the dog later lost his left eye to surgery.

For days after the December incident, Klinkel followed Sundance around in the snow, collecting his droppings in a plastic bag, he said.

Klinkel kept the bag of doggy mess frozen in the cold outside his house, and after weeks of hesitation, he went forward with his plan for retrieving the soiled cash by thawing the droppings in a bucket of soapy water.

Using an old metal mining screen and a hose, he separated the $100 bill pieces from the rest of the matter, then washed and began to assemble the tiny paper fragments.

"It was sort of like putting the puzzle pieces back together," Klinkel said.

He then took the taped bills to a local bank and the Federal Reserve in Helena but was turned away, he said. Klinkel was eventually directed to the U.S. Department of Treasury's Mutilated Currency Division, where he mailed the digested bills with a notarized letter on April 15.

"There was no guarantee I was going to get anything back," Klinkel said.

The Treasury Department offers reimbursement for some proven cases of damaged currency, and a standard claim can take up to two years to be processed, according to the department's website.

"When mutilated currency is submitted, a letter should be included stating the estimated value of the currency and an explanation of how the currency became mutilated," the website says.

Klinkel said he didn't hear a word from the department until Monday, when he received a crisp $500 check in the mail from the Mutilated Currency Division to replace Sundance's midday snack six months prior.

The Independent Record, the paper that employs Klinkel, has posted a picture on its website of Sundance with the check dangling from its mouth.

An operator with the U.S. Department of Treasury on Thursday said department representatives were furloughed and unavailable for comment on Klinkel's reimbursement.

(Editing by Alex Dobuzinskis; Editing by Sandra Maler)

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Tuesday, October 1, 2013

Reuters: Oddly Enough: Lululemon lawsuit over sheer yoga pants gets lead plaintiff

Reuters: Oddly Enough
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Lululemon lawsuit over sheer yoga pants gets lead plaintiff
Oct 1st 2013, 18:50

A Lululemon Athletica logo is seen outside one of the company's stores in New York, March 19, 2013. REUTERS/Lucas Jackson

A Lululemon Athletica logo is seen outside one of the company's stores in New York, March 19, 2013.

Credit: Reuters/Lucas Jackson

By Jonathan Stempel

Tue Oct 1, 2013 2:50pm EDT

(Reuters) - A Louisiana pension fund will lead U.S. litigation accusing Lululemon Athletica Inc of fraudulently hiding defects that caused yoga pants to become nearly sheer, and concealing talks that led to the surprise departure of its chief executive.

U.S. District Judge Katherine Forrest in Manhattan on Tuesday said the Louisiana Sheriffs' Pension & Relief Fund, which owned about $1.3 million of Lululemon stock, will handle the litigation on behalf of shareholders.

Lululemon has long been known for making athletic clothing that could withstand many years of wear and washes.

But trouble surfaced in March when the Vancouver, British Columbia-based company recalled its top-selling item, women's black yoga pants containing its proprietary Luon fabric, after determining the pants were too sheer.

Less than three months later, Lululemon on June 10 announced the departure of Chief Executive Christine Day. Its shares fell 17.5 percent the next day, wiping out $1.62 billion of market value, Reuters data and a regulatory filing show.

Two lawsuits filed in Manhattan blamed the defective pants on cost-cutting, and accused Lululemon, Day and Chairman Dennis "Chip" Wilson of hiding the defects, using deep discounting to boost market share, and concealing plans to replace Day.

Forrest combined the lawsuits and said the Louisiana fund should lead the case because it had a larger financial stake than the other plaintiff, Houssam Alkhoury of Natick, Massachusetts, and was a "sophisticated institutional investor" with experience leading similar lawsuits.

The Baton Rouge-based fund plans to seek class-action status for shareholders between March 21, when full-year results were announced, and June 10. It said it lost $116,000 on transactions in that period. The fund's law firm is Bernstein Litowitz Berger & Grossmann, a shareholder class-action specialist.

A lead plaintiff is entitled to direct litigation and negotiate a settlement on behalf of other shareholders.

On September 12, Lululemon reduced its forecast for fiscal 2013 profit and sales, citing delivery delays resulting from tighter quality control. Day remains at the company's helm while Lululemon searches for a successor.

The case is In re: Lululemon Securities Litigation, U.S. District Court, Southern District of New York, No. 13-04596.

(Reporting by Jonathan Stempel in New York; Editing by Kenneth Barry)

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