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 rebounds, but investors dump Facebook
NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc . Shares of Apple climbed 5.8 percent to $561.28, leading the Nasdaq to its biggest one-day percentage gain since December 2011. ...
2012-05-21T20:27:03Z
| 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 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent 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. ...
2012-05-21T20:36:00Z
| Bank of America CEO "comfortable" with bank's investments
(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasury bonds, Chief Executive Officer Brian Moynihan said at an investor conference on Monday. Moynihan was asked about the bank's investments following JPMorgan Chase & Co's disclosure this month that it lost at least $2 billion on a trading strategy by its Corporate Investment Office. ...
2012-05-21T20:43:18Z
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Current News Today
'Good news' that Afghans are still thwarting 'insider plots'?
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
| 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
| Ex-Rutgers student gets 30 days 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
| Daniels on VP call: ‘I would disconnect the phone’
Indiana Gov. Mitch Daniels delivered his most forceful rejection of the vice presidential post yet, saying he would "disconnect the phone" if he found out that Romney was considering him for the job.
2012-05-21T20:34:37Z
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