BERLIN (Reuters) - Europe's fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed that the ECB's non-standard measures - introduced to fight the debt crisis - were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits. ...
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.
The story of Ampad, a company acquired by Bain Capital in 1992 that later went bankrupt, was used successfully by Democrats 18 years ago to help derail Mitt Romney’s run for a U.S. Senate seat from Massachusetts. Now, the Obama campaign is resurrecting the case...
Republican frontrunner Mitt Romney and his party raised a sizable $40 million last month from donors who want him to replace President Barack Obama. But even as Romney solidifies his position as the eventual GOP nominee, many supporters who backed his primary election challengers have not yet come to his aid.
Republican frontrunner Mitt Romney and his party raised a sizable $40 million last month from donors who want him to replace President Barack Obama. But even as Romney solidifies his position as the eventual GOP nominee, many supporters who backed his primary election challengers have not yet come to his aid.
BAMAKO (Reuters) - Thousands of protesters marched on Mali's presidential palace on Monday, paralyzing traffic in the capital Bamako in a demonstration against an internationally-backed accord to extend the mandate of civilian president Dioncounda Traore. Some protesters at the gates of the palace shouted slogans in support of Captain Amadou Sanogo, the officer who led the March 22 military coup which unintentionally emboldened northern rebels to seize two-thirds of the West African country. ...
The British Parliament's commissioner for standards has opened an investigation into Culture Secretary Jeremy Hunt, who has faced calls for his resignation over his office's dealings with Rupert Murdoch's News Corp.
SANAA (Reuters) - A suicide bomber infiltrated a military parade rehearsal in Yemen's capital Sanaa on Monday, killing at least 63 people in the bloodiest single attack in the city in recent years of instability. Dozens of people, mostly soldiers, were also wounded in the bombing, which left blood and body parts scattered over a wide area. Yemen's defence minister and chief of staff were both present at the event, a rehearsal for Tuesday's National Day parade, but neither was hurt. Officials suspect the attack was carried out by a rogue soldier. ...
SANAA (Reuters) - A suicide bomber infiltrated a military parade rehearsal in Yemen's capital Sanaa on Monday, killing at least 63 people in the bloodiest single attack in the city in recent years of instability. Dozens of people, mostly soldiers, were also wounded in the bombing, which left blood and body parts scattered over a wide area. Yemen's defence minister and chief of staff were both present at the event, a rehearsal for Tuesday's National Day parade, but neither was hurt. Officials suspect the attack was carried out by a rogue soldier. ...
LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $13.5 billion purchase of Barclays Global Investors, but Basel III regulations mean banks have to hold more capital against minority stakes in asset managers and other firms, making it less profitable. ...
Lowe's Cos.' first-quarter profit climbed 14 percent, as warmer weather helped boost sales. But the world's second-biggest home improvement company lowered its full-year earnings forecast on Monday, saying it is still cautious on the housing market and economic conditions.
A group of Ukrainian activists has launched a project to provide free accommodation, translation and other services to foreign guests attending the Euro 2012 football championship following criticism of the prices being charged by many hotels.
NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world powers want debt-laden Greece to remain in the euro zone. On Saturday, G8 leaders stressed that their "imperative is to promote growth and jobs" and gave verbal backing for Greece to stay in the euro, but despite calls from the United States for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt problems. ...
Campbell Soup Co.'s net income slipped by 5 percent in the latest quarter as it struggled to balance higher costs for ingredients and sluggish soups sales, the company said Monday.
NEW YORK (Reuters) - Facebook Inc shares fell below their $38 issue price in premarket trading on Monday as support from underwriters of the initial public offering dissipated after its debut on Friday. The social networking company's debut was marred by a shaky opening on the Nasdaq which will be reviewed by the SEC and a falling share price which forced lead underwriter Morgan Stanley to defend the $38 price level by purchasing shares on the open market. Shares were down 2.4 percent to $37.30 in premarket. (Reporting By Chuck Mikolajczak; Editing by Theodore d'Afflisio)
GREENSBORO, North Carolina (Reuters) - Jurors were set to resume deliberations on Monday in the federal campaign finance case against former U.S. Senator John Edwards, who is accused of using campaign funds to hide his pregnant mistress as he sought the presidency. A jury of eight men and four women in Greensboro, North Carolina, considered the case for about 5 1/2 hours on Friday before breaking for the weekend. They must reach a unanimous verdict to convict Edwards, a two-time presidential candidate and the Democrats' 2004 vice presidential nominee, on any of the six felony counts he faces. ...
GREENSBORO, North Carolina (Reuters) - Jurors were set to resume deliberations on Monday in the federal campaign finance case against former U.S. Senator John Edwards, who is accused of using campaign funds to hide his pregnant mistress as he sought the presidency. A jury of eight men and four women in Greensboro, North Carolina, considered the case for about 5 1/2 hours on Friday before breaking for the weekend. They must reach a unanimous verdict to convict Edwards, a two-time presidential candidate and the Democrats' 2004 vice presidential nominee, on any of the six felony counts he faces. ...
GREENSBORO, North Carolina (Reuters) - Jurors were set to resume deliberations on Monday in the federal campaign finance case against former U.S. Senator John Edwards, who is accused of using campaign funds to hide his pregnant mistress as he sought the presidency. A jury of eight men and four women in Greensboro, North Carolina, considered the case for about 5 1/2 hours on Friday before breaking for the weekend. They must reach a unanimous verdict to convict Edwards, a two-time presidential candidate and the Democrats' 2004 vice presidential nominee, on any of the six felony counts he faces. ...
MADRID (Reuters) - Spain said on Monday it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter. Economy Minister Luis de Guindos said economic activity would likely slump by another 0.3 percent between April and June, further fuelling doubts about the country's ability to get a grip on in its finances and nurse an ailing banking sector back to health. ...
The top U.S. envoy for North Korea warned Pyongyang on Monday that any nuclear test would be a serious miscalculation that would unify the world in seeking swift, tough punishment.
CHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...
CHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...
CHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...
COLOMBO (Reuters) - Sri Lanka's former army chief walked free from jail on Monday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 supporters who cheered "Victory to our war hero! Victory to our leader!" and lit firecrackers outside the maximum security prison. Some waved the national flag, emblazoned with a lion and a sword, as he released a white dove symbolizing peace. ...
COLOMBO (Reuters) - Sri Lanka's former army chief walked free from jail on Monday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 supporters who cheered "Victory to our war hero! Victory to our leader!" and lit firecrackers outside the maximum security prison. Some waved the national flag, emblazoned with a lion and a sword, as he released a white dove symbolizing peace. ...
(Reuters) - Data analytics software maker Splunk Inc said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective May 18. "In regard to recent health issues, we wish Scott all the best for a fast and full recovery," Splunk Chief Executive Godfrey Sullivan said in a statement. Thompson, who had joined Splunk's board in October, was reported to have been diagnosed with thyroid cancer. Thompson stepped down as Yahoo chief last week, 10 days after activist investor Daniel Loeb accused him of padding his biography by faking a computer science degree. ...
FINALE EMILIA, Italy (Reuters) - Thousands of people in northern Italy slept in tents and cars overnight as more than 100 aftershocks rocked the area hit by a magnitude 6.0 earthquake that killed seven people and inflicted heavy damage to centuries-old cultural sites. "The fear that your house will collapse on your head is great, so it was good to be able to sleep in this tent," said one man who spent the night outdoors, cold but safe, in the town of San Felice sul Panaro. ...
FINALE EMILIA, Italy (Reuters) - Thousands of people in northern Italy slept in tents and cars overnight as more than 100 aftershocks rocked the area hit by a magnitude 6.0 earthquake that killed seven people and inflicted heavy damage to centuries-old cultural sites. "The fear that your house will collapse on your head is great, so it was good to be able to sleep in this tent," said one man who spent the night outdoors, cold but safe, in the town of San Felice sul Panaro. ...
KIEV (Reuters) - Anna darts gleefully around the two sparsely-furnished rooms situated through an archway off a steep street that climbs up from Kiev's Independence Square. She is a general showing off her new headquarters. "This is going to be our training room for our Euro strikes," she says. "That's for the girls to get fit on for when they scrap with the police or have to run away from them," she says, pointing to a set of wall-bars and an overhead muscle-tone pulley-bar by the front door. ...
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 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 its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
TRIPOLI (Reuters) - The Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie will be buried on Monday in a quiet ceremony that Libyans hope will allow them to leave behind the controversy that surrounded him in life. Abdel Basset al-Megrahi, who always said he was not responsible for bringing down the jumbo jet on the Scottish town and killing 270 people, died in his bed in Tripoli on Sunday surrounded by family. His release from jail in 2009 caused huge controversy in Britain and the United States, where most of the victims were from. ...
ZAGREB (Reuters) - Croatia's main opposition party HDZ elected former spy chief Tomislav Karamarko as its leader on Monday, marking a shift back to its strongly nationalist roots and raising the political temperature in the future EU member. The Croatian Democratic Union (HDZ) shed its hardline image as it ruled for 16 of the 20 years since independence, but it lost power to a centre-left bloc in December and is now on trial for corruption. ...
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. ...
BERLIN (Reuters) - Europe's fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed that the ECB's non-standard measures - introduced to fight the debt crisis - were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits. ...