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'Fast Five' World Premiere In Rio de Janeiro

Economic growth slows, inflation surges - Yahoo! News

WASHINGTON (Reuters) – U.S. economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.

Another report on Thursday showed a surprise rise in the number of Americans claiming unemployment benefits last week, which could cast a shadow on expectations for a significant pick-up in output in the second quarter.

Growth in gross domestic product slowed to a 1.8 percent annual rate after a 3.1 percent fourth-quarter pace, the Commerce Department said. Economists had expected a 2 percent growth pace.

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Were The 'Dancing' Judges Too Harsh On Chris Jericho?

Costs take a swipe at Kimberly-Clark's profit - Yahoo! News

CHICAGO (Reuters) – Kleenex tissue maker Kimberly-Clark Corp (KMB.N) posted a steeper-than-expected drop in quarterly profit on Monday and cut the low end of its full-year forecast as costs of pulp and other goods are rising more than twice as much as it expected.

The maker of Huggies diapers and Scott paper goods will raise prices on a swath of items, including most of its North American consumer products, to offset the impact of higher costs, Chief Executive Officer Thomas Falk said in a statement.

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Indian spiritual guru Sai Baba dies - Yahoo! News

NEW DELHI (Reuters) – Indian spiritual guru Sri Sathya Sai Baba, revered by millions of followers as a living god, died Sunday in a hospital in southern India. He was 86.

Sai Baba, who was admitted to hospital in his hometown of Puttaparti a month ago, died of multiple organ failure, media said.

His followers, estimated to number six million, included top Indian politicians, business tycoons and Bollywoods stars.

Sai Baba, with distinctive frizzy hair and always clad in his trademark saffron robes, ran schools and hospitals through trusts in numerous countries. Questions are likely to arise over the management of his substantial assets.

He was credited with mystical powers including conjuring objects out of thin air.

Prime Minister Manmohan Singh said Sai Baba's death was "an irreparable loss" to all.

Legions of followers, including top judges and bureaucrats, were expected to take part in his last rites, media said.

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Creators say 'Portal 2' isn't as hard as it look

Torn pieces of ancient Chinese painting reunited - Yahoo! News

TAIPEI, Taiwan – Two pieces of a torn 660-year-old Chinese painting held by Taiwan and mainland China will be reunited for the first time in centuries at an exhibit at Taiwan's national museum, in a sign of warming ties between the rivals.

The main portion of "Dwelling in the Fuchun Mountains" by revered Chinese landscape painter Huang Gongwang has been stored in Taipei's Palace Museum since 1949, when the two sides separated during a civil war.

The other part of the 20-foot-long (6-meter-long) painting will be shipped from China's Zhejiang Provincial Museum for an exhibition opening June 2, Palace Museum Director Chou Kung-shin said.

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Networks girding for royal wedding coverage - Yahoo! News

NEW YORK – After a season of earthquakes, tsunamis and political violence, television networks from ABC to E! are betting that many Americans will want to rise before dawn next week to bask in the splendor of the royal wedding between Prince William and Kate Middleton.

Coverage generally begins at 4 a.m. EDT for the April 29 wedding, or 1 a.m. PDT on the West Coast, where the issue may be whether to stay up very, very late.

"Collectively people are eager for a bit of a break," said Mark Lukasiewicz, NBC News executive in charge of planning coverage for that network and its cable offshoots. "It will be a chance to focus on something that has a little bit of fun and pageantry in the grand British style."

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Morgan Stanley profit drops nearly 50 percent - Yahoo! News

NEW YORK (Reuters) – Morgan Stanley's first-quarter profit dropped nearly 50 percent, hurt by a steep decline in bond trading revenue.

The bond trading business has long been a trouble spot for the bank. The operation generated big losses during the financial crisis and then lagged rivals during a recovery in 2009.

Chief Executive James Gorman is pushing the division to gain market share and improve its performance.

Morgan Stanley posted quarterly net income for shareholders of $736 million, or 50 cents a share, down from $1.41 billion, or 99 cents a share, in the same quarter last year.

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Jessie J Proud of 'Party in the USA'