2015.07.09

News Headlines - 09 July 2015

China's stock market turmoil, explained - CNN.com

"China's stock market had become detached from the reality of China's own economy, and appallingly overvalued," Patrick Chovanec, managing director at Silvercrest Asset Management, posted on Twitter.

Amid accounting probe, Toshiba may sell Westinghouse shares: sources | Reuters

Toshiba Corp, which is expected to write down profits due to an accounting scandal, is considering selling assets including part of its stake in Westinghouse Electric, sources with knowledge of the matter said on Thursday.

Army plans to cut 40,000 troops, lay off 17,000 civilians by 2017 - Stripes

The Army plans to cut 40,000 soldiers from its ranks over the next two years, a reduction that will affect virtually all of its domestic and foreign posts, the service asserts in a document obtained by USA Today.

Tube strike: Union boasts 'We shut London Underground down' - latest travel updates on Thursday afternoon - Telegraph

The tube strike has caused misery for a number of commuters who have struggle to get to work - with some journeys taking as much as four times longer.

Video: Johnny Depp visits Australian children's hospital as Captain Jack Sparrow - Telegraph

Actor Johnny Depp has taken some time out of filming the latest Pirates of the Caribbean film to visit an Australian children’s hospital.


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