Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Read more...
Reuters: Top News, Tuesday May 22 2012, 7:05 AM
NATO endorses strategy to end Afghan war but risks remain
CHICAGO (Reuters) - NATO set an "irreversible" course out of Afghanistan on Monday but President Barack Obama admitted the Western alliance's plan to end the deeply unpopular war in 2014 was fraught with peril. Read more...
Reuters: Top News, Tuesday May 22 2012, 6:23 AM
Obama sketches four-pronged strategy for Europe, sees EU consensus
CHICAGO (Reuters) - U.S. President Barack Obama urged Europe on Monday to strengthen its defenses against financial market turmoil and recapitalize its banks as part of a four-pronged strategy for tackling the euro zone crisis. Read more...
Reuters: Top News, Tuesday May 22 2012, 6:13 AM
Amid criticism, nuclear chief Jaczko resigns
WASHINGTON (Reuters) - Gregory Jaczko, chairman of the U.S. Nuclear Regulatory Commission, said on Monday that he would resign, following a year of intense criticism over his abrasive management style. Read more...
Reuters: Top News, Tuesday May 22 2012, 5:53 AM
Flurry of arguments starts Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday. Read more...
Reuters: Top News, Tuesday May 22 2012, 5:51 AM
Exclusive: U.S. lets China bypass Wall Street for Treasury orders
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. Read more...
Reuters: Top News, Tuesday May 22 2012, 5:01 AM
Exclusive: U.S. envoy to Afghanistan to step down shortly
CHICAGO (Reuters) - Veteran U.S. diplomat Ryan Crocker is expected to step down soon from his post as President Barack Obama's envoy to Afghanistan, departing the U.S. mission in Kabul as the United States negotiates a host of challenges on its course out of the long, costly war. Read more...
Reuters: Top News, Tuesday May 22 2012, 3:50 AM
Former Rutgers student gets 30 days jail for bias crime
NEW BRUNSWICK, New Jersey (Reuters) - A former Rutgers University student was sentenced on Monday to 30 days in jail for a bias crime after he spied on his roommate's gay encounter in a case that drew national attention to bullying. Read more...
Reuters: Top News, Tuesday May 22 2012, 3:03 AM
Yemen violence worsens as suicide bomber kills 90
SANAA (Reuters) - A suicide bomber with explosives strapped under his uniform killed more than 90 people at a military parade rehearsal in the Yemeni capital Sanaa on Monday, an attack which will alarm Washington as its involvement in the front-line state deepens. Read more...
Reuters: Top News, Monday May 21 2012, 7:56 PM
No sign of breakthrough in U.N. atom chief's Tehran talks
VIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held extensive and useful talks in Iran on Monday and expects them to have a positive impact on a six-power meeting with Tehran later this week, Iranian media said, but there was no sign of a breakthrough deal. Read more...
Reuters: Top News, Monday May 21 2012, 7:56 PM
Judge: No trial delay for ex-Penn State assistant coach
(Reuters) - A judge denied a motion on Monday to delay the start of the child sex-abuse trial of former Penn State University assistant football coach Jerry Sandusky, according to court papers. Read more...
Reuters: Top News, Monday May 21 2012, 7:36 PM
Facebook sinks as Nasdaq scrambles to square trades
(Reuters) - Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon. Read more...
Reuters: Top News, Monday May 21 2012, 7:31 PM
Nuclear regulatory chief Jaczko resigns
WASHINGTON (Reuters) - Gregory Jaczko, the chairman of the U.S. Nuclear Regulatory Commission, announced on Monday he would resign from the post after a year of intense criticism of his management tactics. Read more...
Reuters: Top News, Monday May 21 2012, 7:21 PM
France presses for euro area bonds as crisis salve
BRUSSELS (Reuters) - France's Francois Hollande will push a proposal for mutual sing European debt at an informal summit of EU leaders in Brussels this week, increasing pressure on German Chancellor Angela Merkel to drop her opposition to the idea. Read more...
Reuters: Top News, Monday May 21 2012, 7:17 PM
Supreme Court to hear government eavesdropping appeal
WASHINGTON (Reuters) - The Supreme Court agreed on Monday to hear an Obama administration appeal arguing that attorneys, journalists and human rights groups have no right to sue over a law making it easier for U.S. intelligence agencies to eavesdrop on foreign communications. Read more...
Reuters: Top News, Monday May 21 2012, 6:24 PM
Barclays to sell $6.1 billion BlackRock stake
LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Read more...
Reuters: Top News, Monday May 21 2012, 4:35 PM
NATO to hand combat role to Afghans as it seeks way out of war
CHICAGO (Reuters) - NATO will hand over the lead role in combat operations to Afghan forces across the country by mid-2013, alliance leaders said on Sunday as they charted a path out of a war that has lost public support and strained budgets in Western nations. Read more...
Reuters: Top News, Monday May 21 2012, 7:15 AM
Blind Chinese activist Chen rests in NYC
NEW YORK (Reuters) - Blind Chinese activist Chen Guangcheng soaked up the sun in New York City on Sunday as his children played in a garden, a break in a day of meetings to arrange his studies at New York University. Read more...
Reuters: Top News, Monday May 21 2012, 7:13 AM
Lockerbie bomber Megrahi dies in Libya leaving unanswered questions
TRIPOLI (Reuters) - Abdel Basset al-Megrahi, the Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie, died of cancer on Sunday aged 60, leaving many questions on the attack and its aftermath unanswered. Read more...
Reuters: Top News, Monday May 21 2012, 7:02 AM
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
(Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders. Read more...
Reuters: Top News, Monday May 21 2012, 6:31 AM
Zuckerberg's post-IPO wedding is smart legal move
SAN FRANCISCO (Reuters) - Getting married was a smart business move as well as a personal milestone for Facebook chief Mark Zuckerberg, with the timing of the wedding, the day after the company's initial public offering, potentially proving particularly advantageous, California divorce lawyers said on Sunday. Read more...
Reuters: Top News, Monday May 21 2012, 6:28 AM
Singer Robin Gibb, Bee Gees co-founder, dies at 62
LONDON (Reuters) - Bee Gees singer Robin Gibb, who with brothers Barry and Maurice helped define the disco era with their falsetto harmonies and funky beats on smash hits such as "Stayin' Alive" and "Jive Talkin'," has died after a long fight with cancer. He was 62. Read more...
Reuters: Top News, Monday May 21 2012, 6:15 AM
Insight: Indonesia tycoon Bakrie gears up for presidential bid
TANGERANG, Indonesia (Reuters) - There are many ways to describe Indonesia's Aburizal Bakrie: multi-millionaire businessman, global mining tycoon, heavyweight contender for the presidency in 2014. One description that does not spring to mind is man of the common people. Read more...
Reuters: Top News, Monday May 21 2012, 6:13 AM
Russia says West still considering military action on Iran
MOSCOW (Reuters) - Russia's deputy foreign minister said on Sunday that military action against Iran over its nuclear program was being considered in some Western countries. Read more...
Reuters: Top News, Monday May 21 2012, 3:59 AM
Lockerbie bomber Megrahi has died in Libya: brother
TRIPOLI (Reuters) - The former Libyan intelligence officer convicted of the 1988 bombing of a Pan Am flight over Lockerbie, Scotland that killed 270 people has died, his brother said on Sunday. Read more...
Reuters: Top News, Sunday May 20 2012, 7:33 PM
U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
WASHINGTON (Reuters) - U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. Read more...
Reuters: Top News, Sunday May 20 2012, 7:23 PM
U.N. seeks Iran nuclear deal before Baghdad talks
VIENNA (Reuters) - The U.N. nuclear supervisor flies to Tehran on Sunday looking for a deal to inspect suspected weapons sites - a potential breakthrough that Iran may hope could persuade the West to start lifting sanctions and deflect threats of war. Read more...
Reuters: Top News, Sunday May 20 2012, 7:16 PM
U.S. army instructor shot in Yemen attack: security source
SANAA (Reuters) - A U.S. military instructor helping train Yemeni coastguards was shot and seriously wounded in an attack by unidentified assailants in the Red Sea city of Hudaida on Sunday, a Yemeni security source said. Read more...
Reuters: Top News, Sunday May 20 2012, 6:49 PM
NATO leaders map strategy for Afghanistan exit
CHICAGO (Reuters) - NATO leaders gathered in Chicago on Sunday to chart a path out of Afghanistan as war-weary Western nations seek to fend off dissent in their alliance and ensure Afghanistan can hold a still-potent Taliban at bay when foreign troops withdraw. Read more...
Reuters: Top News, Sunday May 20 2012, 6:45 PM
Apple, Samsung CEOs head to court-ordered play date
SAN FRANCISCO (Reuters) - The chiefs of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Read more...
Reuters: Top News, Sunday May 20 2012, 6:00 PM
Explosion near U.N. ceasefire monitor chief's convoy: Reuters witness
DOUMA, Syria (Reuters) - A roadside bomb exploded on Sunday about 150 meters (yards) from a United Nations convoy carrying the head of a Syria ceasefire monitoring mission and a senior U.N. official in the town of Douma, a Reuters witness said. Read more...
Reuters: Top News, Sunday May 20 2012, 5:12 PM
Pakistan blocks Twitter access over "blasphemous content"
ISLAMABAD (Reuters) - Pakistan on Sunday blocked access to Twitter in response to "blasphemous" material posted by users on the microblogging and social networking website, a senior government official said. Read more...
Reuters: Top News, Sunday May 20 2012, 3:36 PM
Magnitude 5.9 quake strikes near Bologna, Italy
BOLOGNA, Italy (Reuters) - A 5.9-magnitude earthquake struck near Bologna, Italy, on Sunday, according to the U.S. Geological Survey, and initial reports indicated some damage. Read more...
Reuters: Top News, Sunday May 20 2012, 7:56 AM
Status update: Facebook's Mark Zuckerberg gets married
(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. Read more...
Reuters: Top News, Sunday May 20 2012, 7:54 AM
Blind Chinese activist Chen arrives in New York
NEW YORK (Reuters) - Blind Chinese dissident Chen Guangcheng arrived in the United States on Saturday and declared "equality and justice have no boundaries" after China let him leave a Beijing hospital to quell a sensitive diplomatic rift between the two countries. Read more...
Reuters: Top News, Sunday May 20 2012, 7:11 AM
Google says it has China's approval for Motorola deal
(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Read more...
Reuters: Top News, Sunday May 20 2012, 5:23 AM
World leaders back Greece, vow to combat financial turmoil
CAMP DAVID, Maryland (Reuters) - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis. Read more...
Reuters: Top News, Sunday May 20 2012, 4:28 AM
Yemen clashes kill 34 militants, soldiers: officials
ADEN, Yemen (Reuters) - At least 22 al Qaeda-linked militants and 12 Yemeni soldiers were killed in clashes and air strikes overnight during a U.S.-backed offensive against insurgents in the south of the country, officials said on Saturday. Read more...
Reuters: Top News, Sunday May 20 2012, 1:26 AM
Anti-NATO activists weighed Obama HQ attack: prosecutors
CHICAGO (Reuters) - Three protesters arrested on terrorism-related charges ahead of the NATO-summit considered targeting U.S. President Barack Obama's re-election campaign headquarters and the home of Chicago Mayor Rahm Emanuel, according to court documents released on Saturday. Read more...
Reuters: Top News, Saturday May 19 2012, 10:41 PM
Motorcycle bomber kills 10 in eastern Afghanistan
KABUL (Reuters) - A suicide bomber on a motorcycle detonated explosives in an Afghan district close to the border with Pakistan, killing at least 10 people including children, officials said on Saturday. Read more...
Reuters: Top News, Saturday May 19 2012, 7:34 PM
Obama says G8 in agreement on Iran nuclear program
CAMP DAVID, Maryland (Reuters) - U.S. President Barack Obama said on Saturday leaders of the Group of Eight major economies are committed to continuing the current approach of sanctions, pressure and diplomatic discussions with Iran over its nuclear program. Read more...
Reuters: Top News, Saturday May 19 2012, 6:24 PM
Blind Chinese activist leaves Beijing for U.S.
BEIJING (Reuters) - China allowed a blind legal activist, Chen Guangcheng, to leave a hospital in Beijing on Saturday and board a plane bound for the United States, a move that could signal the end of a diplomatic standoff between the two countries. Read more...
Reuters: Top News, Saturday May 19 2012, 6:17 PM
G8 making progress on euro zone crisis, oil prices: UK
CAMP ROUND MEADOW, Maryland (Reuters) - Leaders of the Group of Eight major economies are making progress on addressing the two biggest threats to their economies - the euro zone crisis and very high oil prices, British Prime Minister David Cameron said on Saturday. Read more...
Reuters: Top News, Saturday May 19 2012, 5:59 PM
Thousands march in Frankfurt against austerity measures
FRANKFURT (Reuters) - At least 20,000 demonstrators marched through Frankfurt on Saturday in a peaceful protest against austerity measures implemented to tackle the intensifying euro zone debt crisis. Read more...
Reuters: Top News, Saturday May 19 2012, 5:59 PM
Syria bomb kills 9, Damascus blames foreign plot
BEIRUT (Reuters) - A car bomb blew up at a Syrian intelligence post in the eastern city of Deir al-Zor on Saturday, killing up to nine people, activists and state media said. Read more...
Reuters: Top News, Saturday May 19 2012, 5:02 PM
Obama pledges tough enforcement of Wall Street reforms
WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. Read more...
Reuters: Top News, Saturday May 19 2012, 5:00 PM
Possible engine problem delays U.S. rocket launch
CAPE CANAVERAL, Florida (Reuters) - The launch of a privately owned Falcon 9 rocket from Cape Canaveral Air Force Station was delayed on Saturday when a computer detected a possible problem with one of the rocket's engines, a Space Exploration Technologies official said. Read more...
Reuters: Top News, Saturday May 19 2012, 4:27 PM
Chinese entities world's biggest economic spies: Pentagon
WASHINGTON (Reuters) - The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage. Read more...
Reuters: Top News, Saturday May 19 2012, 4:03 PM
CFTC opens probe into JPMorgan trading loss: source
(Reuters) - The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with the probe told Reuters. Read more...
Reuters: Top News, Saturday May 19 2012, 7:51 AM
Dewey to consider bankruptcy filing: source
NEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. Read more...
Reuters: Top News, Saturday May 19 2012, 7:11 AM