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.
TOKYO (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. ...
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.
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. ...
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. ...
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. ...
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. ...
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.
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.
(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. ...
(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/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. ...
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 of its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
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.
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. ...
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.
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.
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.
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. ...
WASHINGTON (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. ...
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.
(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. ...
(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. ...
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.
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.
(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. ...
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. ...
(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, 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.
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. ...
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. ...