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Asian markets hammered on China fears, Fed exit plan
TOKYO/SYDNEY (Reuters) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second-largest economy hit a nine-month low.

Toews on target and Blackhawks back on track
BOSTON (Reuters) - Chicago Blackhawks captain Jonathan Toews is what coaches like to call a "complete" ice hockey player.

GSK links with French venture firm to target rare diseases
LONDON (Reuters) - GlaxoSmithKline is investing 17.5 million euros ($23.5 million) in a new venture fund to invest in drugs for rare diseases, underscoring the growing role of big drugmakers in backing start-up companies.

Sony CEO asks for patience as shareholders press on spinoff plan
TOKYO (Reuters) - Sony Corp shareholders pressed its chief executive for a response to hedge fund Third Point's proposal for a partial spinoff of its profitable entertainment arm but Kazuo Hirai pleaded for patience as management reviews the bold plan.

UK watchdog details bank capital shortfalls
LONDON (Reuters) - Lloyds Bank has a capital shortfall of 8.6 billion pounds, Britain's banking regulator said on Thursday, a day after the UK government signaled plans to return the part-state owned lender to the private sector.

Japan's Nomura cuts Australian jobs as banks trim costs
SYDNEY (Reuters) - Japan's biggest brokerage firm Nomura Holdings Inc flagged redundancies in its Australian equities team, in an internal memo seen by Reuters.

India sets up elaborate system to tap phone calls, e-mail
NEW DELHI (Reuters) - India has launched a wide-ranging surveillance program that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said.

Sopranos star James Gandolfini dies in Italy
LOS ANGELES (Reuters) - James Gandolfini, the burly actor best known for his Emmy-winning portrayal of a conflicted New Jersey mob boss in the groundbreaking cable TV series "The Sopranos," died on Wednesday vacationing in Italy. He was 51.

U.S.-Taliban talks in Qatar not expected Thursday: source
DOHA (Reuters) - Preliminary Afghan peace talks in Qatar between U.S. and Taliban officials are unlikely to take place on Thursday as originally expected, a source familiar with the matter told Reuters.

Kuwait Finance House says 20 percent capital increase oversubscribed
DUBAI (Reuters) - Kuwait Finance House (KFH), the Gulf Arab state's largest Islamic bank, said on Thursday its 20 percent capital increase had been oversubscribed by shareholders, without providing specific details.

SNB lauds UBS, Credit Suisse capital steps, warns on leverage
ZURICH (Reuters) - The Swiss National Bank welcomed measures by Credit Suisse and UBS to bolster their capital levels, but said leverage ratios still lag international rivals.

Dotcom decries 'largest data massacre' after company deletes files
WELLINGTON (Reuters) - The founder of the outlawed Megaupload file-sharing site denounced on Thursday "the largest data massacre in the history of the internet", after a European firm wiped out private photos, videos and documents stored on servers used by the site.

Intrepid Mines board survives coup over lost Indonesia mine
MELBOURNE (Reuters) - Shareholders of Intrepid Mines backed their board and its attempt to reclaim rights to a $5 billion copper and gold project in Indonesia, defeating a plan by a private equity investor to oust the board on Thursday.

Davis power surge continues, homers twice in win over Tigers
(Reuters) - Chris Davis continued his power surge by blasting a pair of home runs as the Baltimore Orioles bashed Detroit 13-3 on Wednesday.

Asia assets hammered on China fears, Fed upset
TOKYO/SYDNEY (Reuters) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second largest economy hit a nine-month low.

Shuffle leaves Blackhawks coach with winning hand
BOSTON (Reuters) - Coach Joel Quenneville shuffled his deck and came up with a winning hand as the Chicago Blackhawks' aces found their target in a wild 6-5 win over the Boston Bruins on Wednesday to level the Stanley Cup Final at two games each.

Lawyers for accused Colorado gunman barred from psychiatric exam
DENVER (Reuters) - Lawyers for James Holmes, who has pleaded not guilty by reason of insanity to killing 12 moviegoers in a Colorado theater last year, cannot be present during his court-ordered psychiatric examination, the judge in the murder case ruled on Wednesday.

China factory activity hits nine month low, policy action eyed
BEIJING (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy.

Hurdler Pearson to return from injury next week
(Reuters) - World and Olympic champion Sally Pearson will compete in her first 100 meters hurdles event since winning gold at last year's London Games when she races in the Czech Republic next week, Athletics Australia said on Thursday.

SNB welcomes UBS, Credit Suisse capital steps, warns on housing market
ZURICH (Reuters) - The Swiss National Bank welcomed measures by Credit Suisse and UBS to bolster their capital, and warned it could take further action to prevent what it sees as lax mortgage lending in Switzerland.