Current News Today
Al-Qaeda linked suicide bomber kills 90 in Yemen
SANAA (Reuters) - A suicide bomber in army uniform killed more than 90 soldiers in the heart of the Yemeni capital on Monday and an al Qaeda affiliate threatened more strikes if a U.S.-backed campaign against militants in the front-line state did not stop. The attack, which also wounded more than 200 people, underscored the threat Yemen faces in its fight to dislodge Islamist militants entrenched in the south and threatening vital shipping lanes in the Gulf of Aden and the Red Sea. U.S. ...
2012-05-21T19:47:29Z
| Two dead in Beirut clashes after killing of anti-Assad cleric
ALBIREH, Lebanon (Reuters) - Hundreds of Islamist gunmen fired in the air on Monday at the funeral of a Sunni Muslim cleric whose killing ignited street battles and brought the bloodshed from Syria's 14-month-old uprising spilling across the border into Lebanon. Sheikh Ahmed Abdul Wahid, an opponent of Syrian President Bashar al-Assad, was buried in northern Lebanon a day after he was shot dead at a Lebanese army checkpoint in a part of that country where Sunni sympathy for Syria's rebels and the uprising against Assad is particularly strong. ...
2012-05-21T20:09:33Z
| No sign of breakthrough in U.N. nuclear chief's Tehran talks
VIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held talks in Tehran on Monday ahead of a meeting between major powers and Iranian officials this week, but there was no immediate sign of a breakthrough in the tense confrontation over Iran's nuclear programme. Yukiya Amano paid a rare visit to Tehran after voicing hope of its agreement to cooperate with an investigation by his International Atomic Energy Agency into what Western states suspect are Iran's efforts to develop atomic bomb capability. ...
2012-05-21T20:13:44Z
| 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
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Current News Today
Wall Street ends up, snaps six-day losing streak
NEW YORK (Reuters) - Stocks rose on Monday to snap a six-day losing streak on the S&P 500, rebounding from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Based on the latest available data, the Dow Jones industrial average was up 135.25 points, or 1.09 percent, at 12,504.63. The Standard & Poor's 500 Index was up 20.78 points, or 1.60 percent, at 1,316.00. The Nasdaq Composite Index was up 68.42 points, or 2.46 percent, at 2,847.21. (Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)
2012-05-21T20:09:14Z
| 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.
2012-05-21T19:56:01Z
| 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
| Afghans thwarting ‘insider’ plots to kill NATO forces
How badly are things going in Afghanistan? The top U.S. and NATO commander, Gen. John Allen, told reporters it was "good news" that Afghan authorities had arrested 160 people in the last few months for plotting so-called "green-on-blue" attacks by Afghan security forces on their NATO-led international partners.
2012-05-21T19:48:33Z
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