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Asia stocks mixed after G8 vague on Europe fix

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.

Markets regain ground but still edgy over Greece

Visitors look at monitors displaying market indices at the Tokyo Stock Exchange in TokyoTOKYO (Reuters) - Markets recovered some ground on Monday on value hunting after last week's heavy losses, but investors remained wary over the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, buoyed by its technology sector which by far outperformed its peers with a 1.3 percent gain. Investors scooped cheapened blue chips, helping to lift tech-heavy Korean equity market above a key chart level. ...


Chinese company to buy US movie theater chain AMC

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.

Two killed, 18 wounded in Beirut clashes: agency

BEIRUT (Reuters) - Two people were killed and 18 were wounded in overnight clashes in Beirut, Lebanon's National News Agency said on Monday, the latest bloodshed fuelled by tensions over the uprising in neighboring Syria. Fighters firing rocket-propelled grenades and machine guns clashed for most of the night in the Tariq al-Jadideh district of the Lebanese capital. The violence followed the killing by Lebanese army soldiers in the north of the country on Sunday of two members of a political party opposed to Syrian President Bashar al-Assad. ...

Opel CEO to face heat from workers over likely plant closure

An undated handout picture shows the newly appointed CEO of Adam Opel AG, StrackeFRANKFURT, 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. ...


Greek leftist brings message to Europe: "Let's talk"

Head of Greece's Left Coalition party Alexis Tsipras arrives for a meeting in AthensATHENS (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. ...


Greek leftist brings message to Europe: "Let's talk"

Head of Greece's Left Coalition party Alexis Tsipras arrives for a meeting in AthensATHENS (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. ...


Ruling party headed for 1st round win in Dominican election

A Haitian man sells flowers as he stands next to the banner of Dominican Republic Liberation Party's (PLD) presidential candidate Danilo Medina in Santo DomingoSanto 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. ...


Ruling party headed for 1st round win in Dominican election

A Haitian man sells flowers as he stands next to the banner of Dominican Republic Liberation Party's (PLD) presidential candidate Danilo Medina in Santo DomingoSanto 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. ...


Millions look skyward as eclipse crosses Asia, US

An annular solar eclipse is seen in the sky over Yokohama near Tokyo Monday, May 21, 2012. The annular solar eclipse, in which the moon passes in front of the sun leaving only a golden ring around its edges, was visible to wide areas across the continent Monday morning. (AP Photo/Koji Sasahara)Skywatchers from Mount Fuji to the Grand Canyon enjoyed a treat: the moon nearly blotting out the sun to create a dramatic "ring of fire" over a narrow strip of eastern Asia and the western United States.


AP Photos: Millions view 'ring of fire' eclipse

An annular solar eclipse appears during a break in clouds over Taipei, Taiwan, Monday, May 21, 2012. The annular eclipse, in which the moon passes in front of the sun leaving only a golden ring around its edges, was visible to wide areas across China, Japan and elsewhere in the region before moving across the Pacific to be seen in parts of the western United States. (AP Photo/Wally Santana)Millions of early risers in Asia turned their attention skyward to view a rare "ring of fire" eclipse as it crossed their skies Monday morning.


Dominican ruling party candidate headed for win

A woman mark her ballot during the presidential election in Santo Domingo, Dominican Republic, Sunday May 20, 2012. (AP Photo/Manuel Diaz)A governing party official appeared headed for a first-round win in the Dominican Republic's presidential election as supporters of his opponent complained of rampant vote-buying and other forms of fraud.


Inmates riot in Mississippi prison, one guard killed

(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. ...

Inmates riot in Mississippi prison, one guard killed

(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. ...

Inmates riot in Mississippi prison, one guard killed

(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. ...

Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/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 of its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/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 of its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Oil rises near $92 ahead of key Iran nuclear talks

Oil prices rose to near $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran's nuclear program.

Yahoo to sell half of its Alibaba stake for $7.1B

FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, and the struggling U.S. Internet company said it would return most of the cash to shareholders.


Analysis: China reformer sees his opportunity after Bo's fall

To match analysis CHINA-LEADERSHIP/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. ...


Analysis: China reformer sees his opportunity after Bo's fall

To match analysis CHINA-LEADERSHIP/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 blocks Twitter over contentious tweets

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 blocks Twitter over contentious tweets

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.

APNewsBreak: 22 states join campaign finance fight

FILE - Montana Attorney General Steve Bullock is seen at an event in which he announced the start of his 2012 gubernatorial campaign on in this Sept. 7, 2011 file photo taken in Billings, Mont. 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. Bullock argues that political corruption in the Copper King era led to the state ban on corporate campaign spending. A clarification of Citizens United is needed to make clear that states can block certain political spending in the interest of limiting corruption, he said. On Friday, May 18, 2012 Montana's case was given a boost when U.S. Sens. John McCain, R-Ariz., and Sheldon Whitehouse, D-D-R.I., signed on in support. (AP Photo/Matthew Brown, File)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.


APNewsBreak: 22 states join campaign finance fight

FILE - Montana Attorney General Steve Bullock is seen at an event in which he announced the start of his 2012 gubernatorial campaign on in this Sept. 7, 2011 file photo taken in Billings, Mont. 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. Bullock argues that political corruption in the Copper King era led to the state ban on corporate campaign spending. A clarification of Citizens United is needed to make clear that states can block certain political spending in the interest of limiting corruption, he said. On Friday, May 18, 2012 Montana's case was given a boost when U.S. Sens. John McCain, R-Ariz., and Sheldon Whitehouse, D-D-R.I., signed on in support. (AP Photo/Matthew Brown, File)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.


APNewsBreak: 22 states join campaign finance fight

FILE - Montana Attorney General Steve Bullock is seen at an event in which he announced the start of his 2012 gubernatorial campaign on in this Sept. 7, 2011 file photo taken in Billings, Mont. 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. Bullock argues that political corruption in the Copper King era led to the state ban on corporate campaign spending. A clarification of Citizens United is needed to make clear that states can block certain political spending in the interest of limiting corruption, he said. On Friday, May 18, 2012 Montana's case was given a boost when U.S. Sens. John McCain, R-Ariz., and Sheldon Whitehouse, D-D-R.I., signed on in support. (AP Photo/Matthew Brown, File)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.


Study: 2,000 convicted then exonerated in 23 years

FILE - In this March 27, 2007, file photo, Audrey Edmunds poses at the John C. Burke Correctional Center in Waupun, Wis., 10 years into serving her 18-year conviction and sentence for shaking a baby to death, while babysitting. Edmunds is one of more than 2,000 people falsely convicted of a serious crime who have been exonerated in the United States in the past 23 years, according to a new national registry painstakingly assembled by the University of Michigan Law School and the Center on Wrongful Convictions at Northwestern University School of Law. It is the most complete list of exonerations ever compiled. (AP Photo/Morry Gash, File)More than 2,000 people who were falsely convicted of serious crimes have been exonerated in the United States in the past 23 years, according to a new archive compiled at two universities.


Ex-Goldman director faces U.S. jury in insider case

File photo of Rajat Gupta, a former director of Goldman Sachs Group Inc., exiting Manhattan Federal Court in New YorkNEW 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. ...


Romney Super PAC raises less, still tops Democrats

Republican presidential candidate and former Massachusetts Governor Romney speaks to supporters in front of Sawyer Bridge during campaign event in HillsboroughWASHINGTON (Reuters) - Restore Our Future, an outside "Super PAC" backing Republican presidential hopeful Mitt Romney, raised $3.9 million in April, less than half of its haul in March but still far ahead of its Democratic counterpart working to re-elect President Barack Obama. The pro-Romney "super" political action committee Restore Our Future had $8.2 million in cash on hand at the end of the latest reporting period, filings with the Federal Election Commission showed on Sunday. The pro-Obama group, Priorities USA Action, raised $1.6 million last month and had $4. ...


Europe faces difficult search for growth

French President Francois Hollande, left, talks with German Chancellor Angela Merkel at the North Atlantic Council meeting in Chicago during the NATO 2012 Summit Sunday, May 20, 2012. French Defense Minister Jean-Yves Le Drian is at back center. (AP Photo/Christophe Ena)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.


Factbox: Spending, fundraising in presidential race

(Reuters) - Financial reports of presidential campaigns and political action committees, or PACs, were filed on Sunday showing how much they raised and spent this campaign season, as of April 30. The Federal Election Commission filings also offer a snapshot of who has been donating how much to the Super PACs, which operate independently from campaigns and can raise unlimited amounts from individuals, corporations and unions. Below are some highlights of the FEC filings, with raised amounts reflecting total contributions and spent amounts reflecting operating and independent expenditures. ...

Factbox: The wealthy behind presidential race

(Reuters) - Individual donors to presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election. But independent groups called Super PACs have no limits on what they can raise from individuals, corporations or labor unions. Here is a look at wealthy individuals who have contributed at least $500,000 to the major political action committees, or PACs, as disclosed to the Federal Election Commission. RESTORE OUR FUTURE Total raised as of April 30: $56. ...

Economists more upbeat about job growth, housing

A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.

NATO shifts to help an elusive Afghanistan peace

President Barack Obama stands looks to NATO Secretary General Anders Fogh Rasmussen during the opening session of the North Atlantic Council at the NATO Summit in Chicago, Sunday, May 20, 2012. (AP Photo/Pablo Martinez Monsivais)President Barack Obama and NATO allies declared Sunday that the end of the long and unpopular Afghanistan war is in sight even as they struggled to hold their fighting force together in the face of dwindling patience and shaky unity.


Factbox: The wealthy behind presidential race

(Reuters) - Individual donors to presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election. But independent groups called Super PACs have no limits on what they can raise from individuals, corporations or labor unions. Here is a look at wealthy individuals who have contributed at least $500,000 to the major political action committees, or PACs, as disclosed to the Federal Election Commission. RESTORE OUR FUTURE Total raised as of April 30: $56. ...

Qantas to cut another 500 maintenance jobs

A grounded Qantas aircraft is seen parked at Heathrow Airport in west LondonMELBOURNE (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. ...


Factbox: Spending, fundraising in presidential race

(Reuters) - Financial reports of presidential campaigns and political action committees, or PACs, were filed on Sunday showing how much they raised and spent this campaign season, as of April 30. The Federal Election Commission filings also offer a snapshot of who has been donating how much to the Super PACs, which operate independently from campaigns and can raise unlimited amounts from individuals, corporations and unions. Below are some highlights of the FEC filings, with raised amounts reflecting total contributions and spent amounts reflecting operating and independent expenditures. ...

Newark mayor: Romney business record is fair game

Newark, N.J., Mayor Cory Booker is backing off comments he made earlier Sunday, when he criticized President Barack Obama's re-election campaign for its attacks on Bain Capital, the private equity firm once run by Republican presidential candidate Mitt Romney.

Blind Chinese activist Chen rests in NYC

U.S. Rep. Chris Smith meets with Chen Guangcheng after arriving in New YorkNEW 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. ...


Blind Chinese activist Chen rests in NYC

U.S. Rep. Chris Smith meets with Chen Guangcheng after arriving in New YorkNEW 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. ...


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