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Los Angeles Angels - TeamReport

MLB Team Report - Los Angeles Angels - INSIDE PITCH ANAHEIM, Calif. -- With his batting average dropping, David Freese dropped down in the batting order. The Los Angeles Angels third baseman, who batted either fourth, fifth or sixth all season, was dropped to the No. 7 spot in the lineup Tuesday against the Oakland A's. The move paid some immediate dividends, as Freese went 2-for-4 in the Angels' 10-9, 11-inning loss. He is now hitting .170 (8-for-47) this season.

S. Korean parliament ratifies defense cost-sharing pact with U.S.

SEOUL, April 16 (Yonhap) -- South Korea's parliament ratified a defense-cost sharing pact with the United States Wednesday after months of wrangling between rival parties over the transparency of its execution. The Special Measure Agreement (SMA) calls for Seoul to share the cost of stationing 28,500 American troops in South Korea. In January, Seoul and Washington renewed the agreement, with the South agreeing to pay 920 billion won (US$886 million) this year for the upkeep of the U.S. troops, a 5.8 percent increase from a year earlier.

Customer data stolen from NongHyup Life by subcontracted workers

SEOUL, April 16 (Yonhap) -- Subcontracted employees were found to have taken some 350,000 pieces of private data belonging to customers from a local life insurance firm that hid the leak for months from authorities, the financial watchdog said Wednesday, just a day after the watchdog's chief issued a strong warning against a repeat of recent data breaches.

China's economic growth slows to 7.4 per cent, raising risk of job losses, impact on trade

BEIJING, China - China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses. The world's second-largest economy grew by 7.4 per cent over a year earlier, down from the previous quarter's 7.7 per cent, government data showed Wednesday. It matched a mini-slump in late 2012 for the weakest growth since the 2008-09 global crisis.

Cash-rich global firms face calls to crack open war chests

Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth. The combined war chests held by companies including Apple, Google and Samsung -- roughly equivalent to the size of France's economy -- has swelled since the 2008 global downturn hammered stock markets and saw nervous firms pinching their pennies as they waited out the storm.

China's economy slows sharply in first quarter

China's GDP grew at its weakest pace for 18 months in the March quarter, data showed Wednesday, testing Beijing's resolve as its campaign to transform the world's number-two economy comes at the cost of a sharp slowdown. Analysts said that while China's leaders will not likely react to the news with any significant measures to boost the economy for now, they suggested that further weakening could tip their hand.

Thousands of workers strike at China shoe factory

Tens of thousands of workers were on strike Wednesday at a factory in southern China which makes shoes for Nike and Adidas, rights groups and a worker said. More than 30,000 staff at the Yue Yuen Industrial (Holdings) factory in Dongguan city have been striking for several days in protest at unpaid social insurance payments, said US-based China Labour Watch, adding that police had beaten and detained several protesters.

U.S. urges Japan possibly take more fiscal steps to counter slowdown

The U.S. Treasury Department on Tuesday called on Japan to take additional fiscal steps if the economy slows more than anticipated following the 3-percentage-point hike in the consumption tax on April 1. In its Report to Congress on International Economic and Exchange Rate Policies, the department said Japanese authorities plan to accelerate regular budgetary spending "but should be prepared to provide additional fiscal support if growth slows more than authorities forecast."

Biotech stocks rout beginning to reveal pockets of value

By Rodrigo Campos and Caroline Valetkevitch NEW YORK (Reuters) - Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.

Biotech stocks rout beginning to reveal pockets of value

By Rodrigo Campos and Caroline Valetkevitch NEW YORK (Reuters) - Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.
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