Newspaper woes send Murdoch’s News Corp into red

US media group News Corp on Thursday reported a loss in the past quarter, hit by declines in advertising and writedowns at its global newspapers.The company controlled by media mogul Rupert Murdoch and his family reported a loss of $430 million in the ...

Credit Suisse bars trades on some Venezuelan bonds

Credit Suisse barred its traders from transacting some Venezuelan government bonds and required other Venezuela-connected transactions to undergo a special review for reputational risk, a bank spokesman said Thursday.The Swiss bank ordered its traders ...

Brazilian right wing firebrand pushes presidential bid

Jair Bolsonaro, a controversial politician often compared to Donald Trump and hard right French leader Marine Le Pen, on Thursday declared himself the "patriot" Brazil needs.Although official campaigning is not yet permitted for the October 2018 presid...

Federer into Montreal quarters as Ferrer downed again

Roger Federer maintained his career-long winning streak over David Ferrer to advance to the quarter-finals of the ATP Montreal Masters on Thursday after a three-set battle with the veteran Spaniard.Federer, 36, had never lost in 16 previous meetings wi...

Hurricane weakens after striking Mexico

A category-one hurricane weakened into a tropical storm Thursday after slamming into Mexico's eastern coast with powerful winds and heavy rain capable of producing deadly flash floods.Hurricane Franklin made landfall near the town of Lechuguillas, nort...

Trump thanks Putin for expelling US embassy staff

President Donald Trump on Thursday thanked Russian President Vladimir Putin for ordering the US embassy in Moscow to slash its staff -- boasting that this would cut payroll costs.Last month, the Kremlin demanded that Washington reduce its diplomatic fo...

Guliyev wrecks van Niekerk double hopes, USA take two

Wayde van Niekerk's dreams of emulating legend Michael Johnson's 200m/400m world double lay in tatters on Thursday as Turkey's 9/1 outsider Ramil Guliyev edged the 200m final.Guliyev's win may not have been following the script the organisers wished fo...

Olesen ‘better prepared’ to become Great Dane at PGA

Thorbjorn Olesen has managed some solid efforts in major championships, but the Dane finally feels prepared to challenge for greatness and perhaps win this week at the PGA Championship.Olesen fired a four-under-par 67 in Thursday's opening round at Qua...

Guliyev ruins Van Niekerk’s double dream

Azeri-born Turk Ramil Guliyev ruined Wayde van Niekerk's bid for a first 200/400m double in 22 years when he outsprinted the South African to the 200m world title on Thursday.Guliyev, who took up Turkish citizenship in 2011 and was cleared to compete f...

Dutchman Luiten smacks in one-bounce ace at PGA

Joost Luiten of the Netherlands made the first hole-in-one at a PGA Championship since 2013 on Thursday at Quail Hollow with a one-bounce ace at the par-3 fourth hole.The 31-year-old Dutchman was seven-over for his opening round at the year's final maj...

Snapchat results failed to click with Wall Street

Shares of Snapchat parent Snap sank to new lows on Thursday after the company reported a hefty quarterly loss and user growth which missed Wall Street expectations.Revenue at the California-based company more than doubled to $182 million while its loss...

Uber investor lawsuit accuses Kalanick of rigging board

A major Uber investor on Thursday sued founder Travis Kalanick, accusing the recently departed chief executive of covering misdeeds while rigging the board in order to return to power at the company.Kalanick resigned in June, yielding to pressure from ...

Not even Michael Phelps could ease Spieth putting woes

Not even the inspiration of being watched by pal Michael Phelps, the Olympic swim legend with a record 23 gold medals, could help Jordan Spieth solve his putting woes Thursday at the PGA Championship.World number two Spieth, seeking a career Grand Slam...