Thousands of people turned out in several cities across Honduras on Friday to protest a wave of journalist killings in the country, where 20 reporters have been murdered in the past three years. More »Thousands march against media killings in Honduras
(Reuters) - Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public and the Nasdaq OMX Group Inc face claims that they short-changed investors. Besides fighting off claims by Facebook shareholders, the defendants will also need lawyers to respond to inquiries from government investigators looking into how the IPO was handled. ... More »Feeding frenzy for lawyers in botched Facebook IPO
VIRGINIA WATER, England (Reuters) - Former England youth cricketer James Morrison hit his rivals for six with a stunning exhibition of golf in the PGA Championship second round on Friday while world number one Rory McIlroy missed the cut. More »Morrison bursts four shots clear as McIlroy flops
NEW YORK (Reuters) - Just when brokers thought Mom-and-Pop investors were getting excited about the stock market, along came Facebook. The 17 percent plunge in Facebook's shares since its ballyhooed debut last Friday, coupled with Nasdaq's mishandling of opening day trading, is spooking the very investors who had seemed the most intrigued by the offering, said Wall Street executives. ... More »Facebook flop hurts small investors' trust in stocks
MADRID (Reuters) - Troubled Spanish lender Bankia asked the government for a 19 billion euro (15.19 billion pounds) bailout on Friday, more than double what the government said would be the minimum needed earlier this week. The new management team at the partially nationalised bank presented a recapitalisation plan at a board meeting on Friday. Below are the details of the plan: THE MECHANISM: The state-backed restructuring fund, the FROB, will carry out a 19 billion euro capital hike at Bankia's parent company BFA. ... More »Factbox - Spain's Bankia asks for 19 billion euro bailout
CAIRO (Reuters) - The Muslim Brotherhood on Friday called Egyptian political forces to talks on ways to "save" the uprising ahead of a presidential election run-off it says will pit its candidate against Ahmed Shafiq, Hosni Mubarak's last prime minister. Mohamed Mursi, the Brotherhood's presidential candidate, has contacted other presidential candidates and party leaders and invited them to a meeting on Saturday, said Essam el-Erian, the deputy head of the Brotherhood's political party. (Writing by Tom Perry; Editing by Sophie Hares) More »Brotherhood calls talks to "save" Egyptian revolution
VIRGINIA WATER, England (Reuters) - Lee Westwood, Graeme McDowell and Thomas Bjorn are titans of the European Tour but all three were forced to hit provisional balls after finding trouble off the 17th tee at the PGA Championship on Friday. "That has to be the first time in my career all three guys have hit provisional balls off one tee," 2010 U.S. Open champion McDowell told reporters after a second horror finish in consecutive days meant he missed the halfway cut. "That was a strange scenario. ... More »A trio of reloads for Westwood, McDowell and Bjorn
(Reuters) - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18. While the stock's puts and calls are expected to be popular, the big wild card is volatility and ultimately, the options price. Traders will get a fresh start on options on the Internet giant when the contracts are offered on U.S. options exchanges on May 29. ... More »Facebook options debut a wild card for volatility
MOSCOW (Reuters) - Turkmen President Kurbanguly Berdymukhamedov sacked his oil and gas minister, citing his poor performance on state television on Friday, just two days after the Central Asian nation agreed landmark deals to supply natural gas to Pakistan and India. The deals agreed on Wednesday offer major economic benefits but depend on building and defending a U.S.-backed pipeline across violence-wracked Afghanistan, including a 735-km (450-mile) leg through the provinces of Herat and Kandahar. ... More »Turkmen leader sacks oil and gas minister
NOTTINGHAM, England (Reuters) - Marlon Samuels's third test century and a fluid knock from captain Darren Sammy helped West Indies put an abject start to the second test with England behind them and rally to finish the first day on 304 for six on Friday. More »Samuels and Sammy revive West Indies
VIRGINIA WATER, England (Reuters) - Rory McIlroy acknowledged he had not practised hard enough recently after missing the cut with an error-strewn, seven-over-par 79 in the second round of the PGA Championship on Friday. Fans and officials expecting a glorious day in the sun watching the world's number one golfer wore bemused looks as the 23-year-old sprayed the ball all around Wentworth, even cutting a spectator's forehead on the 15th hole. McIlroy missed his second cut in a row, the first time he has done so since April 2010. "I think I might have taken my eye off the ball a little bit... ... More »"There's always tomorrow" says dad after McIlroy misses cut
MADRID (Reuters) - Troubled Spanish lender Bankia asked the state for a bail out of 19 billion euros (15.19 billion pounds) on Friday, more than double what the government said earlier this week would be the minimum needed. The additional funds to cover exposures to real estate, deteriorating loans and accounting discrepancies come on top of 4.5 billion euros already injected by the state into the bank, bringing the total cost for the government to 23.5 billion euros. (Reporting By Sonya Dowsett; Editing by Sarah White) More »Spain's Bankia asks state for 19 billion euro bail out
MADRID (Reuters) - Spain's troubled Bankia , which asked for a state bailout of 19 billion euros on Friday, also revealed a 2.979 billion euro (2.38 billion pounds) loss for 2011 after restating its accounts. The bank had stated in early May, before the state started a nationalisation process, that it had made a profit of just over 300 million euros for last year. Bankia has since reviewed its loan portfolios and capital needs to assess how much bailout money it needed. (Reporting by Sarah White; Editing by Fiona Ortiz) More »Bankia reveals 3 billion euro loss for 2011
WASHINGTON (Reuters) - JPMorgan Chase Chief Executive Jamie Dimon has been invited to testify before the Senate Banking Committee on June 7 to give lawmakers insight into the bank's trading loss of at least $2 billion (1.27 billion pounds), Senator Tim Johnson said on Friday. Johnson, the Democratic chairman of that Senate panel, said the botched trading strategy at the nation's largest bank shows that Wall Street needs better risk management and stronger policing. "I expect Mr. ... More »JPMorgan's Dimon to testify before Congress in June
SpaceX on Friday became the first commercial outfit to send its own cargo capsule to the International Space Station, heralding the start of a new era for private spaceflight. More »SpaceX's Dragon makes historic space station dock
England's James Morrison was the shock leader after two rounds of the PGA Championship here on Friday but world number one Rory McIlroy was heading home after missing the cut. More »Morrison leads but Donald looms as McIlroy heads home
Judges narrowly acquitted Socrates, the philosopher whose teachings earned him a death sentence in ancient Athens, in a retrial Friday billed as a lesson for modern times of revolution and crisis. More »Socrates acquitted in ancient trial re-run
PRISTINA (Reuters) - A suspect in a human organ trafficking scandal that came to light in Kosovo in 2008 has been arrested in Israel, the European Union's police and justice mission in the Balkan country said on Friday. Moshe Harel was arrested along with several other people in connection with a parallel investigation in Israel, said the mission, known as EULEX. ... More »Suspect in Kosovo organ trafficking arrested
German lawmakers adopted a bill Friday aimed at increasing the number of organ donors by allowing health insurance companies to regularly inquire if their patients are willing to become potential donors. More »German MPs seek to raise number of organ donors
Vatican police arrested Friday a man -- reportedly the pope's butler -- on allegations of having leaked confidential documents and letters from the pontiff's private study to newspapers. More »Pope's butler arrested in Vatican leaks scandal
Marlon Samuels's unbeaten hundred and a Test-best score from West Indies captain Darren Sammy rescued the tourists from a dire position on the first day of the second Test against England at Trent Bridge here on Friday. More »Samuels and Sammy stun England
NEW YORK (Reuters) - Citigroup Inc's Automated Trading Desk had trading losses of about $20 million (12.77 million pounds) from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other large market maker involved in the IPO of the social networking company on May 18, has not disclosed any losses. ... More »Citi unit lost $20 million in Facebook IPO-source
NEW YORK (Reuters) - Citigroup Inc's Automated Trading Desk had trading losses of about $20 million (12.77 million pounds) from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other large market maker involved in the IPO of the social networking company on May 18, has not disclosed any losses. ... More »Citi unit lost $20 million in Facebook IPO-source
Apple chief executive Tim Cook has opted not to take $75 million in dividend payout on restricted shares of stock he owns in the maker of iPhones, iPads, iPods and Macintosh computers. More »Apple chief passes on $75 mn in stock dividends
LONDON (Reuters) - Hewlett Packard Co has told staff at Autonomy they have a bright future even after founder Mike Lynch was shown the door on Wednesday, joining a long line of top managers to leave the Cambridge-based software maker since HP bought it last year. HP Chief Executive Meg Whitman said the group was committed to the success of Autonomy, bought by the world's No. 1 personal computer maker for more than $11 billion. Autonomy has taken some of the blame for last quarter's disappointing performance at HP's software division, which fell short of HP's expectations. ... More »HP tries to stem Autonomy exodus after founder goes