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Mobilicity says Telus to acquire company for $350 million in proposed sale

TORONTO - Mobilicity says it has agreed to be purchased by Telus Corp. (TSX:T) for $350 million. Mobilicity says the proposed sale is subject to approval by the Ontario Superior Court of Justice, the Competition Bureau, Industry Canada, and Mobilicity's debtholders. Telus has twice tried to buy struggling Mobilicity, but both times the deal was rejected by Industry Canada. "We will not approve spectrum-transfer requests that decrease competition in our wireless sector," Jake Enwright, a spokesman for Industry Minister James Moore, said Friday.

Obama budget would boost U.S. tax revenue, cut deficits: CBO

By David Lawder WASHINGTON (Reuters) - President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenue by nearly $1.4 trillion over 10 years if fully enacted, cutting deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday.

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Rapper Jay Z brings 'Made in America' music fest to Los Angeles

Obama argues healthcare law is working, rejects Republican criticism

By Steve Holland WASHINGTON (Reuters) - President Barack Obama mounted a vigorous effort on Thursday to show his signature healthcare law is working and dismissed Republican critics who are using flaws in Obamacare to campaign for ousting Democrats from the U.S. Congress in November. Appearing in the White House briefing room days before leaving the national stage for a week-long trip to Asia, Obama used a news conference to make the case that the Affordable Care Act had mended nicely from its disastrous October rollout.

Weibo debut highlights complicated dance with Chinese censors

By Gerry Shih and Yimou Lee SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

More than 2/3 of US states had job gains in March, while unemployment rate fell in 21 states

WASHINGTON - More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery. The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and were unchanged in the remaining 12. Meanwhile, hiring increased in 34 states and fell in 16.

Ukraine's pro-Moscow rebels sit tight despite deal

Pro-Russian rebels defiantly kept their grip on nearly a dozen towns in eastern Ukraine on Friday, refusing to abide by an international deal to ease tensions unless the Western-backed government in Kiev steps down first. The refusal to budge came only hours after an unexpected diplomatic breakthrough Thursday worked out between Kiev, Moscow, Washington and Brussels following talks in Geneva to defuse the deepest East-West crisis since the Cold War.

Hollande admits 'no chance' of re-election without job creation

French President Francois Hollande admitted Friday he has no chance of being re-elected in 2017 if his government fails to meet its promise to stem rising unemployment. "If unemployment does not fall by 2017, I have either no reason to be a candidate or no chance of being re-elected," Hollande said during a lunch with some 20 employees, managers and union activists at a Michelin plant in central France. Hollande's Socialist government has repeatedly promised to reverse rising unemployment since he took office after defeating right-winger Nicolas Sarkozy in 2012.

Obama : stop saying sorry for Obamacare

US President Barack Obama told fellow Democrats to stop saying sorry for his health care law Thursday, revealing that eight million people had now signed up for insurance. Obama said it was also time for Republicans to accept that the Affordable Care Act -- the cornerstone of his domestic legacy, which was plagued by a botched rollout and fierce political controversy -- works and is here to stay. "I think that Democrats should forcefully defend and be proud" of helping millions of people, Obama said at a press conference.

Women edge into Gulf boardrooms as economies, societies shift

By Mirna Sleiman DUBAI (Reuters) - Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter the profession. Success in a male-dominated environment helped give her the confidence to rise up the career ladder and break more barriers.
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