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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Acer elects founder as new chairman in reshuffle

Visitors try Acer laptops at the Acer booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013. Comp
Visitors try Acer laptops at the Acer booth at the 2013 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 4, 2013. Comp

TAIPEI (Reuters) - Ailing computer maker Acer Inc announced Thursday that it has elected founder Stan Shih as the new chairman after the company announced a restructuring plan earlier this month following several quarters of disappointing earnings.

The company said that Shih will take over as chairman and interim corporate president with immediate effect. Current corporate president Jim Wong will step down.

The company had said two weeks ago that Wong would succeed J.T. Wang as chief executive while Wang would stay on as chairman until June.

Earlier this month the company reported a worse-than-expected quarterly loss, which prompted then-CEO Wang to resign and the company to announce a 7 percent reduction in its workforce.

The role of CEO will be abolished with its duties transferred to the company chairman or president, the company said on Thursday.

(Reporting by Michael Gold; Editing by Matt Driskill)

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