Current News Today
Al-Qaeda linked suicide bomber kills 90 in Yemen
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. An al Qaeda affiliate in Yemen said it had carried out the attack, its most serious yet, to target the defense minister and army commanders. It said it would strike again if a U.S.-backed military campaign against militants in the south did not stop. ...
2012-05-21T17:50:19Z
| 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. International Atomic Energy Agency chief Yukiya Amano paid a rare visit to Tehran after voicing hope for Iranian agreement to cooperate with an IAEA investigation into suspected atomic bomb research - a possible gesture from Tehran to try to get international sanctions relaxed and deflect threats of war. ...
2012-05-21T16:16:20Z
| Italy police close in on school bombing suspect
MESAGNE, Italy (Reuters) - Police investigating the school bomb attack in the southern Italian city of Brindisi have closed in on a suspect they believe set off the device that killed a 16-year-old girl, sources close to the investigation said on Monday. Prosecutors believe they know the identity of a man shown in surveillance video footage apparently activating a remote control that set off a bomb rigged up from gas canisters as students were arriving for lessons on Saturday. ...
2012-05-21T19:15:17Z
| UK's Cameron urges euro zone action
CHICAGO (Reuters) - British Prime Minister David Cameron said on Monday not enough had been done to end the euro zone debt crisis but reassured savers worried by a downgrading of Spanish banks that British banks were well regulated and well capitalized. "While I would commend what has happened in the euro zone in terms of many of the steps they have taken to make their economies more competitive ... ...
2012-05-21T19:19:52Z
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Current News Today
S&P 500 set to snap six-day losing streak
NEW YORK (Reuters) - Stocks rose on Monday with the S&P 500 on course to snap a six-day losing streak and all three major indexes up over 1 percent as investors picked up bargains following the biggest weekly decline for equities in almost six months. The Dow Jones industrial average shot up 127.22 points, or 1.03 percent, to 12,496.60. The Standard & Poor's 500 Index gained 20.50 points, or 1.58 percent, to 1,315.72. The Nasdaq Composite Index climbed 66.59 points, or 2.40 percent, to 2,845.38. (Reporting by Edward Krudy; Editing by Jan Paschal)
2012-05-21T19:31:19Z
| Jury selected for Gupta insider trading trial
NEW YORK (Reuters) - The insider-trading trial of former Goldman Sachs board member Rajat Gupta, who is accused of spilling secrets about the investment bank, began on Monday with the government saying it would call a former top Goldman banker and a current board member as two of its first witnesses. Gupta is accused of leaking stock secrets to Galleon Group hedge fund founder Raj Rajaratnam, his erstwhile friend and business associate. Rajaratnam was convicted of insider trading last year and is now in prison. ...
2012-05-21T18:45:12Z
| Facebook shares sink as reality overtakes hype
(Reuters) - Facebook shares sank 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. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...
2012-05-21T19:21:56Z
| Apple, Samsung CEOs in U.S. court talks on patents
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd were summoned for court-directed mediation on Monday over the iPhone maker's claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung were instructed by a federal judge to appear for a two-day mediation to help resolve the bitter patent litigation between the two companies. There was no sign of either CEO at the San Francisco federal courthouse on Monday. ...
2012-05-21T19:02:05Z
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Current News Today
Ex-Rutgers student gets 30-day jail sentence in spycam case
A New Jersey judge sentenced a former Rutgers student to 30 days in jail for using a webcam to spy on his roommate kissing another man. Dharun Ravi, 20, was convicted on two second-degree bias intimidation charges in a case that garnered national headlines because his roommate, Tyler Clementi, committed suicide after the spying. Clementi, [...]
2012-05-21T16:37:12Z
| Landmark deal will end the Afghan War for the West
NATO leaders sealed a landmark agreement on Monday to hand control of Afghanistan over to its own security forces by the middle of next year, putting the Western alliance on an "irreversible" path out of an unpopular, decade-long war.
2012-05-21T17:40:13Z
| The Facebook sell-off: Will shares recover?
Shares of Facebook (FB) fell as low as $33 today, more than 13% below the offering price on Friday. Ironically the same shareholders who were assumed to be buyers of the stock at any price are now ditching FB at a steep discount.
2012-05-21T18:43:50Z
| Ron Paul wins Minnesota delegates
When Ron Paul's campaign stated last week that Mitt Romney's delegate lead was insurmountable, Paul's staff insisted they would continue competing for delegates and cited Minnesota as their next target. This past weekend, Paul accomplished that goal, winning 12 of 13 delegates at the state GOP convention. "Victories in Minnesota and other states demonstrate that [...]
2012-05-21T16:12:59Z
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