LONDON (Reuters) - European shares took a breather from last week's sell-off and the single currency steadied on Monday, but investors were wary after a weekend meeting of Group of Eight leaders failed to ease concerns about the risk of Greece exiting the euro. The FTSE Eurofirst index of top European shares edged up 0.2 percent at 972.09 points after losing 5.1 percent last week to reach its lowest level in five months. ...
SANAA (Reuters) - At least 10 people were killed and 20 wounded in an attack by a suicide bomber on soldiers practicing for a military parade in the Yemeni capital Sanaa on Monday, a police source said. The parade was scheduled for Tuesday to mark Yemen's national day and President Abd-Rabbu Mansour Hadi was due to attend. (Reporting by Mohammed Ghobari; Writing by Isabel Coles; Editing by Louise Ireland)
DUBAI (Reuters) - United Nations nuclear chief Yukiya Amano started talks with senior Iranian officials on Monday, Iranian media reported, on his one-day visit to Tehran that diplomats say could lead to an agreement for further inspections of Iranian nuclear sites. Hours after his pre-dawn arrival in Tehran, Amano met the head of Iran's nuclear energy organization, Fereydoun Abbasi-Davani, ISNA news agency reported. The International Atomic Energy Agency chief is also scheduled to meet Iran's chief nuclear negotiator Saeed Jalili and Iranian foreign minister, Ali Akbar Salehi during the day. ...
The head of the U.N. nuclear agency arrived Monday in Tehran on a key mission that could lead to the resumption of probes by the watchdog on whether Iran has secretly worked on an atomic weapon.
Overnight clashes in Beirut between Sunni Muslim groups that support and oppose the regime in Damascus left one person dead and 10 wounded as fears rose further of a spillover from the Syrian conflict, Lebanese security officials said Monday.
From a park near Albuquerque, to the top of Japan's Mount Fuji, to the California coast the effect was dramatic: The moon nearly blotting out the sun creating a blazing "ring of fire."
Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington.
A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest corporate takeover in the United States to date.
A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest corporate takeover in the United States to date.
A German official says Berlin continues to oppose the idea of jointly-issued bonds for the eurozone, which France's new president had suggested could be used to fund economic growth.
(Reuters) - DaVita Inc , the biggest U.S. operator of dialysis clinics, said it agreed to acquire HealthCare Partners for about $4.42 billion in a cash and stock deal. The purchase price consists of $3.66 billion in cash and about 9.38 million shares of DaVita common stock, the statement said. DaVita said it expects to fund the cash portion of the purchase price through a combination of available cash, additional borrowings and debt financing, the company said. (Reporting by Bijoy Koyitty in Bangalore; Editing by Mark Potter)
The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal.
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung have been instructed by a federal judge to appear for mediation in San Francisco to help resolve the bitter patent litigation between the two firms. The U.S. ...
CANBERRA (Reuters) - An Australian member of parliament accused of spending union money on prostitutes said on Monday he had been framed by union rivals and he made no mention of resigning, which would threaten the government's thin majority. The legislator, Craig Thomson, has been suspended from the ruling Labor Party over the scandal, but he continues to support Prime Minister Julia Gillard's minority government, which clings to a knife-edge one-seat majority. ...
BEIRUT (Reuters) - At least two people were killed in Beirut in heavy clashes early on Monday between rival Sunni Muslim gunmen, the latest violence fuelled by tensions over the uprising in neighboring Syria. Gunmen firing rocket-propelled grenades and machineguns clashed in the Lebanese capital's Tariq al-Jadideh district in some of the fiercest battles since sectarian fighting four years ago brought Lebanon back to the brink of civil war. The violence followed the killing of two members of a political alliance opposed to Syrian President Bashar al-Assad on Sunday in the north of Lebanon. ...
Budget airline Ryanair has reported record profits as its recession-resistant business model continues to attract passengers from higher-fare carriers.
SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
Prosecutors said Monday that an Indonesian militant known as the "Demolition Man" should spend the rest of his life in prison for helping to build the car bomb used in the 2002 Bali nightclub attacks.
Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
MOSCOW (Reuters) - Russian President Vladimir Putin will unveil a government dominated by loyalists on Monday, leaving Prime Minister Dmitry Medvedev limited scope to pursue his reform agenda and entrenching the Kremlin's grip over the economy's commanding heights. Medvedev, 46, named premier after Putin returned to the Kremlin on May 7, has pledged to launch pro-growth policies and a privatisation drive to wean Russia's $1.7 billion economy off its dependence on oil. ...
Lucio Adan Nelson dozed on a riverboat ferrying him home from a visit with his mother when helicopters appeared overhead and started shooting. He and about a dozen other passengers traveling in the middle of the night jumped into the water for cover.
FRANKFURT, Germany (Reuters) - The head of General Motors unit Opel will face workers' concerns on Monday over reported plans to shut one of its four German plants as the automaker pulls production of the Astra, its best-selling model, from the country. Opel's Chief Executive Karl-Friedrich Stracke is due to address workers at Germany's Bochum plant, which a source close to negotiations has said is the most likely to be shut. ...
ATHENS (Reuters) - The charismatic Greek leftist who could determine the fate of the euro begins a tour of European capitals on Monday carrying a single message: it's time to talk. In an interview on the eve of his first visit abroad since his surprise rise in a May 6 election, Alexis Tsipras veered occasionally into the combative rhetoric that has seduced disaffected Greek youth and alarmed Brussels and Berlin. But he also stressed repeatedly that he wants negotiations to keep Greece in the euro. ...
Santo Domingo (Reuters) - Early results from presidential elections in the Dominican Republic show ruling party candidate Danilo Medina headed for victory 12 years after he lost in a landslide to opposition candidate Hipolito Mejia. With almost 75 percent of votes counted, Medina and the ruling Dominican Liberation Party (PLD) held a 4 percentage point lead (51 percent - 47 percent) over Mejia, the candidate for the opposition Dominican Revolutionary Party (PRD), according to official election results. ...
(Reuters) - Inmates seized control of a privately owned prison in Mississippi on Sunday after riots broke out, and a guard was killed in the chaos in the low security facility, authorities said. Adams County Coroner James Lee said the 23-year-old guard died of blunt trauma to the head during the riot at the Adams County Correctional Center, a privately owned prison that houses mostly illegal immigrants for the Federal Bureau of Prisons. "This is an ongoing riot that still has not been rectified because the prisoners are in still in charge of the prison," Lee said, speaking at around 9 p.m. ...
(Reuters) - Inmates seized control of a privately owned prison in Mississippi on Sunday after riots broke out, and a guard was killed in the chaos in the low security facility, authorities said. Adams County Coroner James Lee said the 23-year-old guard died of blunt trauma to the head during the riot at the Adams County Correctional Center, a privately owned prison that houses mostly illegal immigrants for the Federal Bureau of Prisons. "This is an ongoing riot that still has not been rectified because the prisoners are in still in charge of the prison," Lee said, speaking at around 9 p.m. ...
SHANGHAI/BEIJING (Reuters) - One of China's most conspicuously reform-minded leaders has stepped back into the spotlight after the nation's biggest political convulsion in a generation, positioning himself to gain from the fall of populist politician Bo Xilai. Wang Yang, leader of Guangdong province and well known for his deft handling of recent civil unrest there, is the first of three provincial-level party bosses who stand to benefit after a murder scandal snuffed out Bo's career last month. ...
Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.
Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.
Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.
Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.
NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison. ...
On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.
MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Qantas, which is emerging from a costly industrial dispute, said in statement it will stop heavy maintenance in Tullamarine in Melbourne and concentrate on centers in Brisbane and Avalon, resulting in the job cuts. It had, in February, flagged another 500 job cuts for the group. ...
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. "(Chen) said he hadn't sat in the sun for many, many years," said Jerome Cohen, a China law expert and professor at New York University's law school, where Chen will study. "He wanted to go out in the garden ... his kids went out first and then he went out," Cohen, who has become a confidante of Chen's, told Reuters. ...
Charleston, South Carolina (Reuters) - Tropical Storm Alberto churned off the coasts of Georgia and South Carolina on Sunday, and heavy rain and dangerous surf were expected even though forecasters said it had lost strength. Bringing an early start to the Atlantic hurricane season, Alberto reached tropical storm strength on Saturday. By Sunday evening it was about 85 miles south-east of St Augustine, Florida, according to the hurricane center in Miami. ...