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CORRECTED-UPDATE 1-Marvel's 'Guardians' rockets to $94 mln domestic debut

"Guardians of the Galaxy," Walt Disney Co's offbeat space adventure featuring extraterrestrial misfits and a talking raccoon, made $94 million in ticket sales this weekend, setting a record for an August film opening. The film's strong beginning, however, isn't likely to jumpstart a lackluster summer box office season. The 3D movie, which stars lesser-known characters in Disney's Marvel comic book universe, added $66.4 million from international markets, for a global debut of $160.4 million, Disney said on Sunday. "Guardians" outgunned last weekend's leader, the science-fiction thriller "Lucy" that collected another $18.3 million in sales at domestic theaters, according to estimates from Rentrak. "Lucy" stars Scarlett Johansson as a woman with a super-powered brain. "Get On Up," a biography of the soul singer James Brown, was third with $14 million in its first weekend in theaters. "Guardians" stars

Iliad may face tough battle cutting costs at T-Mobile

French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said. Iliad, which in recent years has shaken up the French mobile market with cheap subscriber plans, bid $15 billion last week for a 56.6 percent stake in T-Mobile, the No. 4 U.S. mobile operator. The Paris-based company, majority owned by billionaire founder Xavier Niel, said a merger would result in $10 billion in synergies and an additional $2 billion in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). It would hit those targets by running T-Mobile, majority owned by Deutsche Telekom AG, in an "Iliad-like" way, sources familiar with the takeover bid told Reuters. Even if successful in its takeover bid, Iliad faces significant obstacles in reaching those cost savings and negotiating better deals with U.S. cellul

Iliad may face tough battle cutting costs at T-Mobile

French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said. Iliad, which in recent years has shaken up the French mobile market with cheap subscriber plans, bid $15 billion last week for a 56.6 percent stake in T-Mobile, the No. 4 U.S. mobile operator. The Paris-based company, majority owned by billionaire founder Xavier Niel, said a merger would result in $10 billion in synergies and an additional $2 billion in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). It would hit those targets by running T-Mobile, majority owned by Deutsche Telekom AG, in an "Iliad-like" way, sources familiar with the takeover bid told Reuters. Even if successful in its takeover bid, Iliad faces significant obstacles in reaching those cost savings and negotiating better deals with U.S. cellula

Muhammad Ali's 'Fight of the Century' gloves up for auction

The gloves that boxing legend Muhammad Ali wore in his legendary 1971 fight against Joe Frazier in what became known as the Fight of the Century will come up for auction on Thursday and are expected to fetch more than $300,000. The auction is being run by Texas-based Heritage Auctions at the National Sports Collectors Convention in Cleveland. Heritage previously auctioned a set of gloves Ali wore to claim his first World Championship in 1964 for $836,500. The Fight of the Century, in New York's Madison Square Garden, was the first of three fights between Ali and Frazier during the 1970s. In 1971, Frazier officially held the title of Heavyweight Champion of the World. Ali had been stripped of the title he had held since the 1964 bout against Sonny Liston because of his refusal to participate in the Vietnam War-era draft. The March 8 fight against Frazier was Ali's second after returning to the ring following a 3-1/2 year absence. Ali's conviction had just been overturn

Mountain bikers eye $1 mln in 'toughest race on earth'

Mountain bikers tempted by the $1 million in prize money up for grabs in a new South African endurance race are given a warning before they sign up: "This could change your life, or end it". Teams of two will have to come up with a $10,000 entrance fee to race on Dec. 3 in The Munga - a grueling unassisted 1,000-km (620-mile) ride across South Africa's semi-arid Karoo desert region at the height of summer. But the pair that crosses the finish line first in the southern Cape wine-country hills of Stellenbosch will collect $750,000, dwarfing the sum shared by the winning Tour de France team. The challenge of mountain biking almost non-stop across the desert with barely any food or sleep ranks The Munga among the world's most punishing endurance events. But it is the cash that makes the race stand out. "I've observed in me and guys around me digging deep in extreme races and they were doing that for nothing more than intrinsic motivation and war stories,&

Property along Berlin's former 'death strip' lures wealthy buyers

When luxury living quarter The Garden opens next year only a metal strip across the courtyard retracing the Berlin Wall will remind its affluent inhabitants that 25 years ago this was the "death strip" on no man's land separating east and west. Instead of barbed wire and sentries, residents will be greeted by a 24/7 doorman and concierge service - and perhaps eventually, a growing, city-wide pushback against gentrification. On the anniversary of the fall of the Wall in 1989, Berlin is belatedly attracting the kind of wealth normally associated with the capital of a major economic power. A fluke of history means the city has a supply of vacant lots in coveted central locations along the Wall built by East Germany's communists to keep capitalism at bay, though some developers are wary of being too brazenly commercial about this. "Clients, international and German alike, value living on historical ground," said Michael Ries of the property developer Pante

Sudanese woman who had faced execution for conversion arrives in U.S.

A Sudanese woman who was sentenced to death for converting from Islam to Christianity, then detained after her conviction was quashed, arrived in the United States on Thursday. Mariam Yahya Ibrahim was scheduled on Thursday evening to arrive in Manchester, New Hampshire, where she has relatives, her brother-in-law Gabriel Wani said in a phone interview. "I'm very happy," Wani said as he waited for Ibrahim to arrive at Manchester airport. "I have been waiting for this for a long time." Since leaving Sudan after her sentence and detention triggered international outrage, Ibrahim has been in Rome, where she met with Pope Francis along with her husband and two children. She first touched down in the United States at Philadelphia International Airport, where she briefly met with that city's mayor, Michael Nutter. "It's very clear she is a tremendously strong woman," Nutter told reporters after greeting Ibrahim and giving her family a toy vers