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Sharp Reshuffles Management, Forecasts Profit

Japanese electronics maker Sharp Corp. has named a new president as it reshuffles top management while seeking to restore profitability after reporting a record loss of 545.4 billion yen ($5.4 billion).

The Osaka-based maker of Aquos TVs said Tuesday that Kozo Takahashi, currently an executive vice president, will become its president and CEO as of June 25 as part of a business reorganization aimed at returning to the black in the fiscal year ending March 2014 after years of losses.

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Ex-Philippine President wins as Mayor of Manila

Former President Joseph Estrada was proclaimed Tuesday as the new mayor of the Philippine capital, his first elected post since he was ousted in an anti-corruption revolt 12 years ago.

In other partial results from Monday's congressional and local elections, nine senatorial candidates backed by President Benigno Aquino III took an early lead against three candidates backed by an opposition coalition. About half the votes have been reported so far, and if the trend continues, the wins will ensure congressional support for Aquino's remaining three years in office.

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UN: Eat More Insects; Good for You, Good for World

The latest weapon in the U.N.'s fight against hunger, global warming and pollution might be flying by you right now.

Edible insects are being promoted as a low-fat, high-protein food for people, pets and livestock. According to the U.N., they come with appetizing side benefits: Reducing greenhouse gas emissions and livestock pollution, creating jobs in developing countries and feeding the millions of hungry people in the world.

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NYPD Officer Tries to Help Cat in Tree, Gets Stuck

Authorities say a New York police officer who tried to rescue a cat stuck in a tree got caught himself and needed a little help getting back down to the ground.

The Fire Department of New York says it happened Monday afternoon in the borough of Queens.

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J.J. Abrams Boldly Going from 'Trek' to 'Star Wars'

J.J. Abrams is master of one universe — and he's about to try conquering another.

The director who rebooted "Star Trek" for a new generation, sending the USS Enterprise out again to explore strange new worlds, has also been put at the "Star Wars" helm. Soon he'll direct a new film, the seventh, in the epic sci-fi franchise.

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With Infighting at City, Mancini's Future in Doubt

As Manchester United undergoes a smooth handover of power, Manchester City appears to be in disarray.

City manager Roberto Mancini has publicly expressed anger that the club is not disputing reports that Malaga coach Manuel Pellegrini has been lined up to replace him.

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Report: Fenerbahce Fan Fatally Stabbed after Derby

Turkey's state-run news agency said a Fenerbahce fan was stabbed to death by two Galatasaray supporters after a derby between the two rivals in Istanbul.

Anadolu Agency stated 20-year-old Burak Yildirim was fatally stabbed while on his way back home from the game late Sunday.

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Drivers Worried Pirelli Tires are Wearing Too Fast

Tires shredded like paper, rubber flew everywhere and cars flitted in and out of the pit lane like supermarket shoppers in a car park.

On a frustrating day for drivers and fans alike, nearly 80 pit stops were made during Sunday's Spanish Grand Prix, again highlighting what has become a major concerns for Formula One teams five races into the season — the vulnerability of Pirelli's tires.

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Walters Announces Her Retirement on 'The View'

Pioneering TV news veteran Barbara Walters is telling viewers she is retiring in another year following a television career that began in 1961.

She wiped away tears on ABC's "The View" on Monday after a taped piece summarizing her career.

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France Mulls Culture Tax on Smartphones, Tablets

The French government is considering creating a new tax on smartphones and tablets in a bid to raise millions to support the creation of digital cultural content inside France.

The proposal, handed to President Francois Hollande Monday, outlines a 1 percent tax on the sale of Internet-compatible devices, targeting companies such as Google, Apple and Amazon. The tax would yield about 86 million euros per year. The revenue would help cultural industries create French content such as music, images and videos.

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