• U.N. says Syria bombings show marks of "terrorist groups"

    Reuters - 19 hours ago

    UNITED NATIONS (Reuters) - The size and sophistication of some recent bomb attacks in Syria suggest that "established terrorist groups" may have been behind them, the U.N. chief said on Friday, in a letter in which he urged states not to supply arms to government or rebel forces. "The overall situation in Syria remains extremely serious and there has been only small progress on some issues," U.N. Secretary-General Ban Ki-moon told the Security Council in the letter on the 14-month-old conflict between government forces and increasingly militarized opposition. ... More »U.N. says Syria bombings show marks of "terrorist groups"

  • Icahn buys Chesapeake stake, seeks board changes

    Reuters - 19 hours ago

    (Reuters) - Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors, saying the board has failed "in a dramatic fashion" in its oversight of management. The corporate-raider-turned-activist investor asked the company for two board seats for his own representatives and two for another large shareholder such as Chesapeake's largest, Southeastern Asset Management. ... More »Icahn buys Chesapeake stake, seeks board changes

  • Exclusive - Merrill misstep may hurt battle vs. broker claims

    Reuters - 19 hours ago

    NEW YORK (Reuters) - Merrill Lynch's battle to void a $10 million (6.38 million pounds) arbitration ruling suffered a setback this week after a new court filing raised questions about its claims that a panel member had not disclosed her potential conflicts. The brokerage giant, which Bank of America agreed to acquire in 2008, is challenging an April 3 arbitration ruling that awarded two brokers, Tamara Smolchek and Meri Ramazio, more than $10 million in damages stemming from unpaid compensation claims. ... More »Exclusive - Merrill misstep may hurt battle vs. broker claims

  • Prince Ali stunned by FIFA experts' hijab knock back

    Reuters - 19 hours ago

    BUDAPEST (Reuters) - Evidence from FIFA's medical experts on why the ban on Muslim women footballers wearing the Islamic headscarf or hijab should remain in place was deeply flawed and had no foundation, the campaign's principal supporter said on Friday. More »Prince Ali stunned by FIFA experts' hijab knock back

  • Confessed killer of New York boy charged with murder

    AFP - 19 hours ago

    The confessed killer of six-year-old Etan Patz, whose disappearance exactly 33 years ago sparked New York's biggest modern crime mystery, was charged Friday with murder -- but his lawyer questioned whether he is mentally capable to face prosecution. More »Confessed killer of New York boy charged with murder

  • Troubled Bankia Asks Spain For £15bn In Aid

    Sky News - 19 hours ago

    Spain's fourth largest bank Bankia has asked for 19bn euros (£15bn) in state aid - on top of a previous injection of 4.5bn euros. More »Troubled Bankia Asks Spain For £15bn In Aid

  • Elton John Forced To Cancel Vegas Dates

    Sky News - 19 hours ago

    Sir Elton John has cancelled three shows of his Las Vegas residency after he being admitted to hospital with a respiratory infection. More »Elton John Forced To Cancel Vegas Dates

  • Scots begin push to be a nation once again

    Reuters - 19 hours ago

    EDINBURGH (Reuters) - With rousing speeches, patriotic music and support from actor Sean Connery, supporters of independence for Scotland launched a campaign on Friday which they hope will lead to the demise of a 305-year-old union with England and the breakup of Britain. "This is the beginning of something really special - the beginning of the campaign to restore nationhood to Scotland," Alex Salmond, leader of the Scottish National Party (SNP), told hundreds of supporters in a hall in the capital Edinburgh. "We want a Scotland that is fairer and more prosperous. ... More »Scots begin push to be a nation once again

  • Facebook ripple on IPO market already felt

    Reuters - 19 hours ago

    (Reuters) - The ripple effects of Facebook Inc's botched IPO appear to already be hitting the market for initial public offerings as two companies this week pushed back their market debuts. PC hardware components maker Corsair Components Inc postponed its $78 million (49.8 million pounds) IPO citing market conditions, as did laser hair removal products maker Tria Beauty Inc, which intended to raise $64 million. The delays may be just the first of many, say market observers, as volatile equity markets and fallout from the Facebook debacle create a challenging climate for new offerings. ... More »Facebook ripple on IPO market already felt

  • Court OKs JPMorgan fee pact; Capital One talks fail

    Reuters - 19 hours ago

    (Reuters) - JPMorgan Chase & Co won preliminary court approval of its agreement to pay $110 million (70.2 million pounds) to settle nationwide litigation accusing it of charging excessive overdraft fees. The settlement would resolve lawsuits brought on behalf of more than 1 million people over the fees, which are assessed when customers overdraw their checking accounts by using their debit cards. ... More »Court OKs JPMorgan fee pact; Capital One talks fail

  • Thousands of shellfish found dead in Peru

    AFP - 19 hours ago

    Thousands of crustaceans were found dead off the coast of Lima following the mystery mass death of dolphins and pelicans, the Peruvian Navy said Friday. More »Thousands of shellfish found dead in Peru

  • Crowds to crown queen's 60th anniversary party

    Reuters - 19 hours ago

    LONDON (Reuters) - Queen Elizabeth will celebrate 60 years on the throne next month along with huge crowds expected for a pop concert at Buckingham Palace, a grand procession through the streets of London and a 1,000-strong flotilla along the River Thames. The Diamond Jubilee comes just over a year after the royal wedding of Prince William, the queen's grandson, to Kate Middleton, a spectacular display of pomp and pageantry which has boosted the monarchy's popularity at home and abroad. ... More »Crowds to crown queen's 60th anniversary party

  • Canada lifts threshold for foreign takeover reviews

    Reuters - 19 hours ago

    OTTAWA/TORONTO (Reuters) - Canada will boost the threshold at which it will review proposed foreign takeovers of Canadian companies, the industry minister said on Friday, but he stopped short of fulfilling a government pledge to clarify the criteria for approving them. Sharpening its focus on the biggest deals, the government will gradually raise the threshold for mandatory reviews to proposed acquisitions with at least C$1 billion (620.1 million pounds) in enterprise value. The current threshold is C$330 million in asset value. ... More »Canada lifts threshold for foreign takeover reviews

  • More than 70 killed in Syria ahead of Annan return

    AFP - 19 hours ago

    More than 70 people were killed across Syria on Friday, monitors said, as tens of thousands of protesters took to the streets and tanks were deployed in the country's second largest city. More »More than 70 killed in Syria ahead of Annan return

  • Lebanese hostages now crossed into Turkey - minister

    Reuters - 19 hours ago

    BEIRUT (Reuters) - Lebanese Interior Minister Marwan Charbel said on Friday that freed Lebanese hostages in Syria had crossed safely into Turkey. "The latest information that we have received is that they are in good health and now crossed into Turkey," he told reporters at the airport who were waiting for the plane carrying the freed hostages. He said they would arrive in Beirut "within two or three hours". ... More »Lebanese hostages now crossed into Turkey - minister

  • Ex-General Re, AIG execs may settle criminal case

    Reuters - 20 hours ago

    (Reuters) - Four former executives at Berkshire Hathaway Inc's General Re Corp and one at American International Group Inc are in talks to settle a long-running criminal case accusing them of engineering a reinsurance transaction that fraudulently boosted AIG's loss reserves. The talks were disclosed in a Thursday court filing, nearly 10 months after the 2nd U.S. Circuit Court of Appeals in New York overturned the defendants' convictions, citing errors by the judge handling their six-week trial in 2008. ... More »Ex-General Re, AIG execs may settle criminal case

  • France striker Remy ruled out of Euro 2012

    Reuters - 20 hours ago

    PARIS (Reuters) - France striker Loic Remy has been ruled out of the European Championship with a thigh injury, the French soccer federation said on Friday. "Loic Remy is out of Euro 2012. He hasn't fully recovered from his injury," the federation said on its website (www.fff.fr). Remy was included in coach Laurent Blanc's preliminary 26-man squad even though he was doubtful for the finals after picking up the adductor muscle injury in Olympique Marseille's 3-0 Ligue 1 victory over AJ Auxerre on May 13. Remy, 25, took part in seven of France's 10 qualifying matches. ... More »France striker Remy ruled out of Euro 2012

  • Guards strike, inmates set free at Norway prison

    Reuters - 20 hours ago

    OSLO (Reuters) - Convicted sex offenders and violent criminals were let loose from a Norway prison this week when guards went on strike, forcing authorities to free 52 inmates, officials said. "Some of these are prisoners convicted for violence, drugs, economic crime and sex crimes," Harald Aasaune, the manager of the Bjoergvin prison outside Bergen, said on Friday. "Bjoergvin is an open prison, but still, many of them are sitting in relatively long sentences," he added. "I don't think this has ever happened before. ... More »Guards strike, inmates set free at Norway prison

  • BoE's Weale says case for more QE remains

    Reuters - 20 hours ago

    LONDON (Reuters) - Weak British gross domestic product data this week strengthens the case for more Bank of England stimulus, but this has to be weighed against above-target inflation, BoE policymaker Martin Weale said on Friday. Revised official data this week showed that Britain's economy contracted by 0.3 percent in the first quarter, a bigger fall than the earlier -0.2 percent estimate. After the first estimate was released, Weale said it strengthened the case for more BoE asset purchases - though he did not vote for more at May's Monetary Policy Committee meeting. ... More »BoE's Weale says case for more QE remains

  • Dell-Quest deal possible over weekend - sources

    Reuters - 20 hours ago

    NEW YORK/SAN FRANCISCO (Reuters) - Dell Inc is expected to reach an agreement to buy network security software maker Quest Software Inc as soon as this weekend after a previous deal fell apart, several people familiar with the matter said. Dell is planning to offer between $23 (14.6 pounds) and $26 per share to buy the enterprise systems management software maker, two sources told Reuters on condition of anonymity because the discussions were not public. ... More »Dell-Quest deal possible over weekend - sources

  • Facebook's market maker losses may top $115 million - sources

    Reuters - 20 hours ago

    NEW YORK (Reuters) - Four of Wall Street's major market makers involved in Facebook's botched initial public offering last Friday expect their losses from technical glitches on Nasdaq's exchange to be around $115 million (73.4 million pounds). A software error on Nasdaq OMX Group Inc's U.S. exchange delayed the social networking company's market debut by 30 minutes last Friday. Many client orders were delayed, leading to significant losses to some investors and traders as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ... More »Facebook's market maker losses may top $115 million - sources

  • Qaeda-linked suicide bomber kills 12 in Yemen

    Reuters - 20 hours ago

    SANAA (Reuters) - Two al Qaeda-linked suicide bombers targeting Shi'ite Muslims blew themselves up at a school and a protest march in northern Yemen on Friday killing at least 12 people, the defence ministry said. The attacks came less than a week after a suicide bomber in army uniform detonated an explosive belt at a military parade rehearsal in Sanaa, killing more than 90 soldiers and wounding at least 200 more. ... More »Qaeda-linked suicide bomber kills 12 in Yemen

  • Yahoo drops tablet magazine service

    Press Association - 20 hours ago

    Yahoo has dropped its tablet magazine Livestand just six months after its debut on the iPad. More »Yahoo drops tablet magazine service

  • Polls show Greek conservatives, leftists neck-and-neck

    Reuters - 20 hours ago

    ATHENS (Reuters) - Parties supporting and opposing Greece's international bailout are running neck-and-neck ahead of next month's repeat national election, which could determine the country's future in the euro zone, three opinion polls showed on Friday. Greece was forced to call the new June 17 vote after an election on May 6 left parliament divided evenly between groups of parties that support and oppose the austerity conditions attached to a 130 billion euro bailout agreed with the European Union and International Monetary Fund in March. ... More »Polls show Greek conservatives, leftists neck-and-neck

  • Keira Knightley engaged to British rocker boyfriend

    Reuters - 20 hours ago

    (Reuters) - "Pirates of the Caribbean" actress Keira Knightley is engaged to marry her musician boyfriend James Righton, her publicist said on Friday. Knightley, 27, who was Oscar-nominated for her lead role in the 2005 film "Pride & Prejudice," has been dating Righton, who plays in British indie band Klaxons, for about a year. "I can confirm that Keira is engaged to be married to James Righton," British publicist Sara Keene said. No wedding dates or details of the engagement were released, in line with couple's low-key romance and few public appearances together. ... More »Keira Knightley engaged to British rocker boyfriend

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