Source Match International News
Pakistan blocks Twitter over contentious tweets
Pakistan blocks Twitter over contentious tweets
Lockerbie bomber Megrahi has died in Libya: brother
TRIPOLI (Reuters) - Abdel Basset al-Megrahi, the Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie, died of cancer on Sunday aged 60, leaving many questions on the attack and its aftermath unanswered. Megrahi, who said he was not responsible for bringing the jumbo jet down on the Scottish town and killing 270 people, was found guilty in 2001 but was freed in 2009 and returned to Libya because he had terminal cancer and was not expected to live long. ...
Italy quake kills six, damages historic buildings
SANT' AGOSTINO, Italy (Reuters) - A strong earthquake in northern Italy killed at least six people, injured dozens and damaged historic buildings including a famed mediaeval castle early on Sunday, waking terrified citizens and sending thousands running into the streets. The quake, which the U.S. Geological Survey recorded at magnitude 6.0, struck at 4:04 a.m. (0204 GMT) and was followed by a series of jolting aftershocks. At least two of them reached magnitude 5.1, sowing fresh panic, further damaging already weakened buildings and causing more structures to collapse. ...
Party leaders refuse to budge on debt positions
U.N. seeks Iran nuclear deal before Baghdad talks
VIENNA (Reuters) - The U.N. nuclear supervisor flies to Tehran on Sunday looking for a deal to inspect suspected weapons sites - a potential breakthrough that Iran may hope could persuade the West to start lifting sanctions and deflect threats of war. But though IAEA chief Yukiya Amano scheduled Monday's talks with Iran at such short notice that diplomats said agreement on new inspections may be near, few see Tehran convincing Western governments to ease back swiftly on punitive measures when its negotiators meet big power officials in Baghdad on Wednesday. Amano, director general of the U.N. ...
Mighty Merkel may be the odd woman out
CHICAGO (Reuters) - There are weeks in the political life of Angela Merkel that were surely more pleasant than the last one. Last Sunday, the German chancellor's party suffered a big loss in the regional election of North Rhine-Westphalia. On Wednesday, she sacked one of her cabinet ministers, a rare move for her, after he led the party to the election defeat. On Saturday, she looked isolated with her insistence on fiscal austerity - also known as "consolidation" -for the ailing euro zone at the G8 summit hosted by President Barack Obama at Camp David in Maryland. ...
Secular or Islamist? Egypt chooses a president
Apple, Samsung CEOs set for U.S. court talks
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...
NATO chief: No "rush for the exits" in Afghan war
CHICAGO (Reuters) - NATO's chief sought on Sunday to dispel fears of a "rush for the exits" in Afghanistan as Western allies gathered to chart a path out of an unpopular war that has dragged on for more than a decade. President Barack Obama hosts the summit in his home town, Chicago, a day after major industrialized nations tackled a European debt crisis that threatens the global economy. ...
Facebook shares could fall below IPO price: Barron's
(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on Friday in the first day of trading. The stock stayed above the $38 IPO price, supported in the market by the deal's underwriters. But Barron's said the "big question" this week will be whether they continue to do so. ...
Insight: China pays high price to spare state firm from bankruptcy
Lone bomber, not mafia, sought for Italy school attack
North Korea releases detained Chinese fishermen
Euro zone row gets fat pay rise for German workers
U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
Sudan releases four foreigners arrested in border area
Jailed Israeli president freed briefly
Wall Street Week Ahead: Market is oversold, but major signs say "sell"
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...
Syrian army shelling kills 16 in Hama: rights groups
Yemen troops clash with al-Qaida in south; 17 dead
Egypt's would-be "president of the poor" touts past
Weaker euro zone nations need more support from core: UK
Pakistan blocks Twitter over contentious material
China's Wen urges more support for growth
China state-run businesses to invest 350 billion yuan in Chongqing
Samsung's mobile chief says has options to settle war with Apple
SEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc.. "There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing," Shin told reporters at Seoul airport shortly before his departure for the United States. Asked about the prospects for Samsung's memory chip business, Shin said the 4G chip shortage was expected to continue until early in the fourth quarter of this year. ...
Status update: Facebook's Mark Zuckerberg gets married
(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. The 28-year-old billionaire's wedding took place a day after Facebook's initial public offering on the Nasdaq stock exchange on Friday. More than 280,000 people "liked" Zuckerberg's status change, which was accompanied by a photo of the smiling couple in wedding attire in a small, verdant outdoor setting with a string of lights behind them. ...
Two smaller unions agree deals with Lockheed
Google says it has China's approval for Motorola deal
(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...
Seaway pipeline sends oil to Texas in historic reversal
Russia Sberbank sees sale certainty after government formed
WASHINGTON (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday. Sberbank initially planned the sale of the 7.6 percent stake, part of Russia's ambitious privatization program, last September but postponed the deal after global risk aversion wiped around $1.5 billion off the stake's value. "It seems to me that, yes, such certainty should emerge (after the cabinet announcement)," Gref said. ...
Google says it won China's approval for Motorola deal
(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...
Audi eyes management reshuffle: CEO in magazine
Obama pledges tough enforcement of Wall Street reforms
President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...
Manulife, Metlife submit bids for ING Asia sale: sources
CFTC opens probe into JPMorgan trading loss: source