MELBOURNE (AFP) –
Mining giants Rio Tinto and BHP Billiton are considering merging their Canadian diamond operations, as the former bitter rivals look for savings through increased cooperation, a report said Monday.
Both firms had sent employees to Canada to examine a one billion dollar (850 million US) merger of their diamond mines, which sit alongside each other in the Northwest Territories, the Australian newspaper reported.
They already jointly own the Escondida copper mine in Chile and earlier this year announced plans for a massive iron ore joint venture in Western Australia expected to save the firms at least 10 billion US dollars.
The Australian newspaper said the plan being considered in Canada involved combining operations at BHP's Ekati and Rio's Diavik mines.
Both companies, which were at loggerheads last year when BHP launched a hostile 150 billion dollar takeover offer for Rio, declined to comment on the report.
LONDON (AFP) –
Radio veteran Terry Wogan announced on Monday that he will be leaving Radio 2's breakfast show, the nation's most popular, and that he will be replaced by Chris Evans.
Speaking live on air, the 71-year-old said the decision to leave Wake Up To Wogan at the end of the year was the hardest of his career.
"I'd rather leave while we're in love, as the song says, while the programme is the most popular on British radio, while we still delight in each other's company," he said.
"And so we will, until the end of the year, when my good friend Chris Evans takes over. I know that you'll give him the same love and affection you've always shown to me."
Wogan said he will start work on a new radio show in 2010.
Recent figures show Wake Up To Wogan attracts a weekly audience of 7.93 million listeners, making Wogan the king of breakfast radio.
The legendary presenter first started working on the breakfast radio show in 1972. He left to host another show in 1984 but returned to Radio 2 in 1993 and has presented Wake Up To Wogan ever since.
Tim Davie, director of audio and music at the BBC said: "I'd like to thank Terry for entertaining his army of fans for many years and I'm delighted that he has agreed to continue to entertain the nation on Radio 2."
Evans, a popular radio DJ in his own right, will be taking over the reins in January 2010.
Writing in his blog, Evans said: "Good luck Mr W. I promise I will do my utmost not to let you and your listeners down."
LONDON (Reuters) –
Britain's Cadbury (CBRY.L), the world's second biggest confectionery group, has rejected a $16.7 billion bid approach by Kraft Foods Inc (KFT.N) but North America's biggest food group still hopes it can clinch a deal.
Kraft said on Monday it had offered 300 pence in cash and 0.2589 new Kraft shares for each Cadbury share in the hope that it can create a "global powerhouse in snacks, confectionery and quick meals" with combined revenues of about $50 billion.
Cadbury shares jumped 36 percent to 778 pence at the open, helping lift the European food and consumer goods sector, with Anglo-Dutch giant Unilever (ULVR.L)(UNc.AS) up 2.6 percent and Nestle (NESN.VX), the world's biggest food group, up 0.7 percent.
Based on Kraft's own closing share price of $28.10 on September 4 and a sterling exchange rate of $1.6346, the offer values each Cadbury share at 745 pence and the company as a whole at 10.2 billion pounds ($16.66 billion).
The offer is a 31 percent premium to Cadbury's closing share price of 568 pence on September 4, Kraft said.
Cadbury declined to comment on the statement from Kraft.
Cadbury's board had rejected the proposal, Kraft said in a statement, adding that it was "committed to working toward a recommended transaction and to maintaining a constructive dialogue." The U.S. company said it had published details of its approach in order to "encourage and further that process."
Kraft predicted a takeover would result in "meaningful revenue synergies over time" and said there was an opportunity to save at least $625 million a year in pre-tax costs.
Cadbury, whose brands include Bassett's Liquorice Allsorts and Maynards Wine Gums as well as its trademark chocolate bars, had sales of 5.4 billion pounds ($8.8 billion) last year while revenues at Kraft, which makes Maxwell House, Oreo cookies and Ritz crackers, were $42 billion.
Kraft said it expected any tie-up to boost earnings in the second year following completion and that the company would likely lift its long term revenue growth target to over 5 percent from over 4 percent at present as a result of any deal.
The company would also expect to lift its earnings per share growth goal to 9 to 11 percent from 7 to 9 percent at present.
Northfield, Illinois headquartered Kraft said that in the event of any deal it would offer Cadbury shareholders a mix and match facility under which they could elect, subject to availability, to vary the proportions in which they would receive cash and new Kraft Foods shares.
(Additional reporting by Victoria Bryan; Editing by Jon Loades-Carter)
($1=.6123 Pound)
HOLDEN, La. – A Louisiana killing spree that left four family members dead, including a 2-year-old boy, marked the bloody culmination of an ongoing domestic dispute between the suspected gunman and his estranged wife, said the father of a woman who survived the shootings.
Dennis Carter Sr. shot and killed his wife, son and 2-year-old grandson, then shot himself to death as police tried to pull over his car about 20 minutes later, Livingston Parish Sheriff's Office Chief of Operations Perry Rushing said Sunday.
Also shot was Carter Sr.'s daughter-in-law, Amber Carter, who was six months pregnant and was in intensive care in a New Orleans hospital after giving birth to a healthy boy named Aubrey, said her father, Paul Williamson.
Williamson said Carter Sr., 50, had a history of assaulting his wife, Donna Carter, and recently tried to attack her with a machete. Donna Carter had a restraining order against him that her husband had repeatedly violated.
"This had been going on for quite some time," Williamson said. "It was one of those domestic violence things that just gets worse and worse."
A 16-month-old boy was in the house during the shootings but was not hurt. The child was related to the Carters but Rushing was not sure how.
Authorities were called to the home in Holden, about 30 miles east of Baton Rouge, around 10:30 p.m. Saturday. Donna Carter, 49, and Dennis Carter Jr., 26, were dead inside. Found outside were Amber Carter, badly hurt, and their son, 2-year-old Masson Carter, who was dead.
Rushing said it appeared Amber and Masson Carter escaped from a second-floor window but it was not clear if the gunman shot them inside or followed them outside and shot them there. Williamson said his daughter had bullet wounds in her kidney and liver, plus spinal damage sustained when she leapt from the window, probably trying to escape her father-in-law.
Rushing said deputies spotted Dennis Carter Sr. about 20 minutes after the shootings driving on a highway. When they tried to pull him over, he shot and killed himself.
"It's very unusual to have this many victims," Rushing said. "This is an anomaly by any stretch of the imagination."
In a statement released late Sunday, Stephen Alexander, a lawyer representing other family members of Carter Sr., said they were "obviously devastated by their tremendous loss and they ask that the media respect the family's privacy during the grieving process."
All the Carters lived at the house in Holden except Dennis Carter Sr., who used to live there but had recently moved to nearby Hammond. Williamson said Carter Jr. and wife Amber had been planning to move to another house.
Williamson described the senior Carter as a semi-employed mechanic. He said Carter Jr. was a scaffold builder; Amber Carter was a secretary at North Oaks Rehabilitation Center in Hammond, where Donna Carter worked as a data entry clerk.
Rushing said that state police ballistics experts were conducting tests on a gun found in the senior Carter's car.
Williamson said he didn't expect to learn exactly how the killing spree transpired.
"We won't ever know what happened inside that house," he said.
NEW YORK/SAN FRANCISCO (Reuters) –
Online video site YouTube is in talks with several major movie studios about renting movies to users by streaming the movies over the Internet according to a person familiar with the talks on Wednesday.
YouTube, which is owned by Internet search giant Google Inc, has held discussions with Lions Gate Entertainment Corp, Sony Pictures, a unit of Sony Corp, and Time Warner Inc's Warner Brothers about online movie rentals, the person said.
In many cases, the movies would be available for rental for a fee in a system similar to Web rental programs from Apple Inc's iTunes with newer movies. It would mark the first time YouTube has charged users to watch videos.
YouTube, which is the world's No.1 video website, currently offers video for free, on an advertising-supported basis.
It currently has a range of archive movies, TV shows and promotional clips from the three named studios and other partners on its site.
"We hope to expand on both our great relationship with the movie studios and the selection and types of videos we offer our community," said YouTube spokesman Chris Dale.
(Reporting by Yinka Adegoke and Alexei Oreskovic; editing by Andre Grenon)
WASHINGTON – When you're a real-life guitarist like Billy Squier, seeing fans trying to emulate your behavior in a video game can be weird.
Squier, whose "Lonely Is the Night" was in "Guitar Hero Encore: Rocks the '80s" and returns this week in "Guitar Hero 5," says he once saw some kids playing his hit in an electronics store.
"They were so focused on the game they didn't even notice who was looking over their shoulder," he says. "When I do this song in concert, there'll always be a few young kids playing air guitar ... which I'd attribute to the 'Guitar Hero' experience."
For younger musicians, landing a tune on "Guitar Hero" means invaluable exposure.
"It's ubiquitous, especially among younger fans," says AFI guitarist Jade Puget.
His band's "Miss Murder" was on "Guitar Hero III," and the AFI track "Medicate" is debuting on "GH5." Premiering a new single in a video game "isn't something we agonized over," says Puget. "The fans really enjoy it."
Tim Riley, Activision's vice president of music affairs, says bands young and old are becoming more aware of what "Guitar Hero" can do for them. The latest addition has "a lot of bands we've tried to get before," he says, citing the Arctic Monkeys and Dire Straits. "We get a lot more phone calls than we used to."
As "a bit of a geek," Riley says he feels a responsibility to bring diversity to each game's lineup. Classic or modern, he says, "great music needs to be heard."
___
On the Net:
http://hub.guitarhero.com/games/gh5/

The first insurance company in the United States underwrote fire insurance and was formed in Charles Town (modern-day Charleston), South Carolina, in 1732.
In many countries, such as the U.S. and the UK, the tax law provides that the interest on this cash value is not taxable under certain circumstances. This leads to widespread use of life insurance as a tax-efficient method of saving as well as protection in the event of early death.
WASHINGTON (Reuters) –
U.S. regulators are seeking ways to make more efficient use of the airwaves as consumers' use of smartphones is expected to surge, the official spearheading the national broadband program said on Wednesday.
"A key input is spectrum," Blair Levin, the top broadband official at the Federal Communications Commission, told industry executives and lobbyists. "There is consensus in the record; there is not enough of it."
Levin and the FCC are crafting a national broadband plan, as mandated by Congress, to extend broadband services to unserved Americans living in rural areas and to make broadband affordable for those living in urban areas.
One of the ways being considered to increase broadband use is to free up some of the airwaves, or spectrum, that is currently being held by U.S. government agencies such as the Department of Defense.
"The demand curves from uses like smartphones suggest it's going to increase dramatically, for spectrum," Levin said.
The wireless industry is anticipating increasing demand over the next several years for smartphones like Apple Inc's iPhone, Palm Inc's Pre and Verizon Wireless' Storm.
Verizon Wireless is a joint venture between Verizon Communications Inc and Vodafone Group Plc. AT&T Inc is the exclusive provider for the iPhone, and Sprint Nextel Corp provides service for the Pre.
T-Mobile, a unit of Deutsche Telekom AG, is also seeking more spectrum.
CTIA, a wireless trade association, is prodding Congress to move legislation that would take inventory of what portions are being used and by whom.
"We can't wait eight to 11 years for additional spectrum," CTIA President Steve Largent told reporters. He said his group will urge lawmakers to include language in legislation to set a timetable for spectrum auctions for businesses.
Both chambers of Congress are considering legislation.
(Reporting by John Poirier; editing by John Wallace)
BEIJING – China will soon approve domestically developed swine flu vaccines that manufacturers say can protect people against the virus with only one dose, an encouraging development for health officials racing to prepare for an expected spike in cases this winter.
Many health authorities are assuming two doses of vaccine are necessary while they await the results of trials by drug makers around the world to determine the appropriate dosage.
"Everybody is desperately hoping that one will do because then that's much easier to administer," said Jodie McVernon, a vaccine expert at the University of Melbourne, who has not seen the Chinese trial results but who is involved in Australian trials of swine flu vaccines for young children.
China's State Food and Drug Administration said on its Web site it will make a decision this week on approving two vaccines that completed clinical trials last month and passed reviews by panels of about 40 experts. Four other vaccines are being reviewed, it said.
The vaccine makers, Sinovac Biotech Ltd. and Hualan Biological Engineering Inc., said the clinical trials show their products are effective in single doses when used on people aged three to 60 years. More than 3,000 people participated in the trials.
Sinovac says it has the capacity to produce up to 30 million doses of swine flu vaccine in a year while Hualan said it can make 160 million doses.
In about two weeks, the U.S. expects to announce initial test results from its vaccine, which is the same type as the Sinovac version, said Dr. Anthony Fauci of the U.S. National Institutes of Health.
"From what I've seen and heard of the data it looks encouraging," Fauci said of Sinovac's clinical trials. "This is very good news. Let's hope the material that we're using has similar results."
Stockpiling vaccines is China's latest move in its aggressive approach to contain the spread of swine flu in the country of 1.3 billion people and relatively limited medical resources. It has quarantined travelers on suspicion of contact with infected people and ordered schools to test students' temperatures.
The Health Ministry says around 3,700 cases of swine flu have been confirmed on the mainland none fatal.
China aims to have enough swine flu vaccine for 5 percent of the public by the end of the year, and although health officials have not released detailed vaccination plans, they have said health workers, public service workers and students are priority groups.
International health experts say swine flu has not been as severe as initially feared. At least 2,185 people have died, but most cases are mild and require no treatment. Worries remain that a rash of new infections could overwhelm hospitals and health authorities, particularly in poorer countries.
BEIJING – China will soon approve domestically developed swine flu vaccines that manufacturers say can protect people against the virus with only one dose, an encouraging development for health officials racing to prepare for an expected spike in cases this winter.
Many health authorities are assuming two doses of vaccine are necessary while they await the results of trials by drug makers around the world to determine the appropriate dosage.
"Everybody is desperately hoping that one will do because then that's much easier to administer," said Jodie McVernon, a vaccine expert at the University of Melbourne, who has not seen the Chinese trial results but who is involved in Australian trials of swine flu vaccines for young children.
China's State Food and Drug Administration said on its Web site it will make a decision this week on approving two vaccines that completed clinical trials last month and passed reviews by panels of about 40 experts. Four other vaccines are being reviewed, it said.
The vaccine makers, Sinovac Biotech Ltd. and Hualan Biological Engineering Inc., said the clinical trials show their products are effective in single doses when used on people aged three to 60 years. More than 3,000 people participated in the trials.
Sinovac says it has the capacity to produce up to 30 million doses of swine flu vaccine in a year while Hualan said it can make 160 million doses.
In about two weeks, the U.S. expects to announce initial test results from its vaccine, which is the same type as the Sinovac version, said Dr. Anthony Fauci of the U.S. National Institutes of Health.
"From what I've seen and heard of the data it looks encouraging," Fauci said of Sinovac's clinical trials. "This is very good news. Let's hope the material that we're using has similar results."
Stockpiling vaccines is China's latest move in its aggressive approach to contain the spread of swine flu in the country of 1.3 billion people and relatively limited medical resources. It has quarantined travelers on suspicion of contact with infected people and ordered schools to test students' temperatures.
The Health Ministry says around 3,700 cases of swine flu have been confirmed on the mainland none fatal.
China aims to have enough swine flu vaccine for 5 percent of the public by the end of the year, and although health officials have not released detailed vaccination plans, they have said health workers, public service workers and students are priority groups.
International health experts say swine flu has not been as severe as initially feared. At least 2,185 people have died, but most cases are mild and require no treatment. Worries remain that a rash of new infections could overwhelm hospitals and health authorities, particularly in poorer countries.