• Transocean chairman voted out

    Reuters - 8 hours ago

    By Alice Baghdjian ZUG, Switzerland (Reuters) - Transocean Ltd shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn to replace him on the board of the world's largest offshore drilling contractor. But shareholders rejected Icahn's proposed $4-per-share dividend and opted instead for the board-supported payout of $2.24 per share, the Switzerland-based company said. Transocean shares closed down 1.3 percent to $54.03 on the New York Stock Exchange. The Swiss shares closed 1.4 percent higher. ... More »Transocean chairman voted out

  • Plaintiffs in Mexico Yahoo case say will appeal court ruling

    Reuters - 8 hours ago

    MEXICO CITY (Reuters) - Two Mexican firms embroiled in a contractual dispute with Yahoo Inc will appeal a court ruling that overturned an earlier $2.75 billion (1.81 billion pounds) judgment in their favour, a director of the companies said on Friday. Yahoo announced the decision by the Mexican appellate court on Thursday. Both Worldwide Directories S.A. de C.V. and Ideas Interactivas S.A. de C.V. will contest the ruling, said Carlos Bazan-Canabal, a director at the companies. ... More »Plaintiffs in Mexico Yahoo case say will appeal court ruling

  • "The Office" finale draws season high of 5.7 million viewers

    Reuters - 8 hours ago

    LOS ANGELES (Reuters) - The finale of NBC's "The Office" drew a season high of 5.7 million viewers, as fans tuned in to see the show's biggest star Steve Carell return for a wedding and nostalgic farewell. The 75-minute finale episode, which aired from 9 p.m. to 10:15 p.m EDT after an hour-long retrospective featuring cast members and producers, was watched by 3.8 million viewers in the 18-49 demographic coveted by advertisers, according to Nielsen ratings figures provided by NBC. The 5.7 million finale viewership marked a 16-month high for the show. ... More »"The Office" finale draws season high of 5.7 million viewers

  • Death toll from new bird flu in China rises to 36 - WHO

    Reuters - 8 hours ago

    LONDON (Reuters) - Four more people in China have died from a new strain of bird flu, bringing the death toll from the H7N9 virus to 36 from 131 confirmed cases, the World Health Organisation (WHO) said on Friday. The United Nations health agency said the four deaths were from cases that had already been identified in laboratories. Since May 8, there have been no new cases of infection with H7N9, it added. ... More »Death toll from new bird flu in China rises to 36 - WHO

  • Nigeria bombs Islamists, U.S. sounds alarm

    Reuters - 8 hours ago

    By Lanre Ola MAIDUGURI, Nigeria (Reuters) - Nigerian warplanes struck militant camps in the northeast on Friday in a major push against an Islamist insurgency, drawing a sharp warning from the United States to respect human rights and not harm civilians. Troops used jets and helicopters to bombard targets in their biggest offensive since the Boko Haram group launched a revolt almost four years ago to establish a breakaway Islamic state and one military source said at least 30 militants had been killed. ... More »Nigeria bombs Islamists, U.S. sounds alarm

  • U.S. dollar soars, stocks set new highs on Fed QE exit talk

    Reuters - 8 hours ago

    By Herbert Lash NEW YORK (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in early May. The Dow Jones Industrial Average and benchmark S&P 500 stock index surged to new closing highs in a rally that has pushed both indices this year up 17 percent. ... More »U.S. dollar soars, stocks set new highs on Fed QE exit talk

  • Syria government supporters hack Financial Times

    Reuters - 8 hours ago

    By Jim Finkle and Jennifer Saba (Reuters) - The Financial Times' website and Twitter feeds were hacked on Friday, renewing questions about whether the popular social media service has done enough to tighten security as cyber-attacks on the news media intensify. The Syrian Electronic Army, an online group that supports Syrian President Bashar al-Assad, was behind the incident which followed a phishing attack on the company's email accounts, FT reported on its website. The attack is the latest in which hackers commandeered the Twitter account of a prominent news organization to push their ... More »Syria government supporters hack Financial Times

  • After tough week, Obama tries to change the subject to jobs

    Reuters - 9 hours ago

    By Roberta Rampton and Mark Felsenthal BALTIMORE (Reuters) - President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announced he will try to cut in half the time it takes to get federal approval for large job-creating projects. Obama travelled to Baltimore, a short helicopter ride from the White House, to talk about steps he is taking to streamline permits for infrastructure, early childhood education, and positive signs in the economy. ... More »After tough week, Obama tries to change the subject to jobs

  • Bank of England's Weale sees chance of stimulus after Carney arrival

    Reuters - 9 hours ago

    By David Milliken BIRMINGHAM (Reuters) - The Bank of England may have more scope to boost the economy after Mark Carney starts as governor because of tentative signs of lower inflation ahead, a member of its policymaking body said on Friday. Chancellor George Osborne has given Canadian Mark Carney, who starts as the next governor in July, the task of reviewing whether Britain should give more detailed guidance on future monetary policy, considered a way to help growth. ... More »Bank of England's Weale sees chance of stimulus after Carney arrival

  • Yahoo Japan suspects 22 million user IDs leaked - Kyodo

    Reuters - 10 hours ago

    (Reuters) - Yahoo Japan Corp said on Friday night it suspected that up to 22 million of its user IDs may have been "leaked" and it detected an unauthorized attempt to access the administrative system of its web portal Yahoo Japan, the Kyodo news agency reported. The leaked information does not include passwords and data necessary for identity verification to reset passwords, the agency said. The company detected the access attempt at around 9 pm on Thursday, Kyodo reported. Yahoo Japan checked its system after severing access and found traces of an attempt to steal user IDs, according to ... More »Yahoo Japan suspects 22 million user IDs leaked - Kyodo

  • All eyes on Vodafone's Colao for signs on Verizon

    Reuters - 10 hours ago

    By Kate Holton LONDON (Reuters) - After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever. Chief executive for five years, Colao has said only that he has an "open mind" on Vodafone's 45-percent stake in the U.S. operator, whose majority owner, Verizon Communications, is interested in buying out the British company's share. ... More »All eyes on Vodafone's Colao for signs on Verizon

  • Google's Schmidt to meet Cameron as tax row rages

    Reuters - 10 hours ago

    LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet Prime Minister David Cameron on Monday as a participant of an advisory group just days after MPs lambasted the Internet company's tax affairs. The meeting is a routine one and has been long-planned, will include other high-profile business people, and tax evasion is not on the agenda, a government source told Reuters. ... More »Google's Schmidt to meet Cameron as tax row rages

  • Sudans defuse row over rebel support, promise more talks

    Reuters - 10 hours ago

    By Hereward Holland JUBA (Reuters) - Sudan's foreign minister said on Friday neighbour South Sudan had promised him it would not let rebels operate across their shared border, defusing a row that had threatened a key oil deal. The countries, which fought one of Africa's longest civil before a 2005 peace deal, agreed in March to resume cross-border crude exports and defuse tensions that have plagued them since South Sudan's secession in 2011. ... More »Sudans defuse row over rebel support, promise more talks

  • Bank of England's Weale sees room for Carney to manoeuvre

    Reuters - 11 hours ago

    BIRMINGHAM, England (Reuters) - Mark Carney may have more room for manoeuvre on monetary policy when he arrives at the Bank of England as governor in July, due to an improving picture on inflation, BoE official Martin Weale said on Friday. "It is quite possible that he will be coming to the Bank at a time when there is more room for manoeuvre than there has been for some time in the past," Weale said in a question-and-answer session at a business conference in Birmingham. ... More »Bank of England's Weale sees room for Carney to manoeuvre

  • EU bonus cap could hit 10 times as many London bankers

    Reuters - 11 hours ago

    By Huw Jones LONDON (Reuters) - European Union officials will next week propose capping financial sector pay above 500,000 euros, accountancy firm PwC said on Friday, suggesting the world's most stringent curbs for the industry will affect far more bankers than previous rules. The European Banking Authority will next week for the first time put a number on where it would like its planned bonus cap to start and PwC said in a statement that the threshold would be set at 500,000 euros. ... More »EU bonus cap could hit 10 times as many London bankers

  • Irish teachers back strike call if government cuts pay

    Reuters - 11 hours ago

    DUBLIN (Reuters) - Irish primary school teachers overwhelmingly backed a call to strike if the government unilaterally cuts their pay, but their trade union leaders will first rejoin fresh talks aimed at finding a compromise. Public sector workers last month rejected extending a three-year-old pay deal, upsetting government plans to make deeper budget cuts and raising the threat of strikes in a country that has seen no major industrial unrest during its EU-IMF bailout. ... More »Irish teachers back strike call if government cuts pay

  • Investors in talks to buy stake in Pirelli holding company

    Reuters - 11 hours ago

    MILAN (Reuters) - Industrial and financial investors are in talks to buy a stake in Camfin , a holding company that controls tyremaker Pirelli , key investor Marco Tronchetti Provera said on Friday. The Italian businessman controls Pirelli, which has a market value of 4.2 billion euros (3.5 billion pounds), through a complex chain led by his MTP SpA holding vehicle and comprising two other companies, GPI and Milan-listed Camfin. ... More »Investors in talks to buy stake in Pirelli holding company

  • Tata Steel favours EU funds to soften impact of plant closures

    Reuters - 11 hours ago

    By Silvia Antonioli BRUSSELS (Reuters) - Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Köhler said. A prolonged contraction in steel demand has led many producers to seek cuts in capacity, only to face political opposition to a rapid restructuring. ... More »Tata Steel favours EU funds to soften impact of plant closures

  • U.S. 'Idol' winner shines light on South's Gullah culture

    Reuters - 11 hours ago

    By Harriet McLeod CHARLESTON, South Carolina (Reuters) - "American Idol" winner Candice Glover, whose powerful voice clinched the title of the popular TV singing show, comes from a sea island culture made up of descendants of West African slaves. "I speak another language," she said during the Fox TV show. "It's called Geechee." Some 14.2 million TV viewers tuned in to watch Glover beat Kree Harrison to win the season 12 "American Idol" crown on Thursday. Glover, 23, is a native of rural St. Helena Island in the coastal South Carolina Lowcountry. ... More »U.S. 'Idol' winner shines light on South's Gullah culture

  • Jewels stolen in Cannes, Chopard says not for stars

    Reuters - 11 hours ago

    CANNES, France (Reuters) - Chopard jewellery worth $1.4 million (922.5 thousand pounds) intended to adorn movie stars at the Cannes film festival has been stolen, a police source said on Friday, but the company said the value had been exaggerated and the items were not for actresses to use. According to the source, who declined to be named because he was not authorised to discuss the case with the press, the jewels were in the safe of a room rented by an employee of the luxury jeweller, which is also a Cannes sponsor. ... More »Jewels stolen in Cannes, Chopard says not for stars

  • Protesting Bulgarian drivers block truck traffic to Turkey

    Reuters - 12 hours ago

    SOFIA (Reuters) - Disgruntled Bulgarian truck drivers blocked traffic at two major border checkpoints with neighbouring Turkey on Friday to protest against what they said were Turkish restrictions to their operations. Among those caught up in the blockade, now in its second day, was British band Depeche Mode, which was forced to cancel its concert in Istanbul on Friday because trucks carrying equipment from Bulgaria could not get through. A queue 12 km long had built up at the main Kapitan Andreevo crossing and another around 5.5 km long at the Lesovo checkpoint. ... More »Protesting Bulgarian drivers block truck traffic to Turkey

  • Bloomberg appoints former IBM chief to advise on data issues

    Reuters - 12 hours ago

    By Jennifer Saba NEW YORK (Reuters) - Bloomberg LP appointed former IBM Chairman and CEO Samuel Palmisano as an independent adviser on security and data issues, as the company seeks to address customers' concerns about possible breaches in the confidentiality of their usage data. The news and financial data company said on Friday that Palmisano will report to its board of directors and he will immediately undertake a review of current policies for client data and end-user information. ... More »Bloomberg appoints former IBM chief to advise on data issues

  • Hunt for those at fault for Spain's bank crisis gains pace

    Reuters - 12 hours ago

    By Sarah White and Paul Day MADRID (Reuters) - The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other failed lenders will deliver results. As Spaniards struggle with a deep recession, judges have shown a growing determination to go after top executives and public figures linked to bank failures that led to a 41 billion euros (34 billion pounds) European bailout. ... More »Hunt for those at fault for Spain's bank crisis gains pace

  • Italy PM Letta seeks to smooth property tax standoff

    Reuters - 12 hours ago

    By Giuseppe Fonte ROME (Reuters) - Italian Prime Minister Enrico Letta promised a wide reform of property taxes on Friday, addressing one of the main issues dividing his coalition government, but gave no details on where he would find the billions of euros to pay for it. He confirmed pledges to suspend the widely hated IMU tax on principal residences brought in by his predecessor Mario Monti but held back from the demands of centre right members of his fragile left-right coalition for it to be scrapped entirely. ... More »Italy PM Letta seeks to smooth property tax standoff

  • Fox's 'American Idol' brings in record low TV audience

    Reuters - 12 hours ago

    LOS ANGELES (Reuters) - The number of Americans who watched vocal powerhouse Candice Glover win the "American Idol" title sank to 14.2 million, a decline of 31 percent from last year's record low, according to ratings data on Friday. The singing competition, now in Season 12, was once a TV industry juggernaut for Fox that brought in more than 30 million viewers for its finale in the peak years of 2006 and 2007. On Thursday night, it was the second most-watched program on U.S. television, beat out by the season finale of CBS comedy "The Big Bang Theory" with 14.8 million viewers. ... More »Fox's 'American Idol' brings in record low TV audience

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