Source Match International News
Lockerbie bomber Megrahi has died in Libya: brother
Italy quake kills four, damages historic buildings
SANT' AGOSTINO, Italy (Reuters) - A strong earthquake killed four people, injured dozens and damaged churches, towers and a mediaeval castle early on Sunday, waking terrified citizens across northern Italy 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. "I am 83 and I have never felt anything like this," said Lina Gardenghi, a resident of Bondeno. ...
Explosion near U.N. ceasefire monitor chief's convoy: Reuters witness
Sudan releases four detained foreigners: officials
Lebanese soldiers kill two anti-Assad group members
Italy bomb attack was probably isolated act: investigator
Pakistan blocks Twitter over contentious material
Pakistan blocks Twitter over contentious material
Mali coup leader backs transition president
2 NATO service members killed in Afghanistan
Serbians vote for president under threat of protest
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. ...
NATO leaders seek common path out of Afghanistan
CHICAGO (Reuters) - NATO leaders gather in Chicago on Sunday for a summit that will chart a path out of Afghanistan, as Western nations seek to fend off fissures in their alliance and ensure Afghanistan can hold a still-potent Taliban at bay when foreign troops withdraw. President Barack Obama hosts the summit in his home town, Chicago, a day after leaders of major industrialized nations tackled Europe's debt crisis, backing keeping Greece in the euro zone and vowing to take steps necessary to revitalize the world economy. ...
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
Blind Chinese activist Chen arrives in New York
NEW YORK (Reuters) - Blind Chinese dissident Chen Guangcheng arrived in the United States on Saturday and declared "equality and justice have no boundaries" after China let him leave a Beijing hospital to quell a sensitive diplomatic rift between the two countries. Chen escaped from house arrest in northeastern China last month and sought refuge in the U.S. Embassy in Beijing, embarrassing China and creating an uncomfortable backdrop for U.S. Secretary of State Hillary Clinton's visit to improve ties between the world's two biggest economies. ...
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. ...
Greeks' crisis is personal as well as political
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. ...
Fire risk prompts recall of nearly 87,000 Jeeps
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
Dewey to consider bankruptcy filing: source
NEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. The majority of Dewey's partners have quit as a result of concerns about compensation, and $225 million in bank loans and bond debt. ...
Morgan Stanley made big bet on Facebook
Historic Facebook debut falls flat
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to close at $38.23. The IPO was the third-largest in U.S. history and valued eight-year-old Facebook at $104 billion. ...
Hedge funds dump $2 billion in gold over a week: CFTC
NEW YORK (Reuters) - Hedge funds and other money managers liquidated more than $2 billion in gold futures over a week, trade data on Friday showed, before a forceful rebound in the precious metal potentially tripped up some of them. The majority of fund managers also appear to have bet wrongly against wheat, as suggested by the data from the Commodity Futures Trading Commission which showed a net "short" or bearish position against the grain which finished this week with its highest weekly gain in 16 years. "It's still early to say if this rebound in wheat and gold will hold. ...
U.S. says will bar some Motorola Mobility phones
WASHINGTON (Reuters) - Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation to the United States, a U.S. trade panel said on Friday. The order by the U.S. International Trade Commission has been sent to President Barack Obama, who has 60 days to consider whether to overturn it for policy reasons. The legal fight at the ITC is one of dozens globally between various smartphone makers. Google's Android system has become the top-selling smartphone operating system, ahead of mobile systems by Apple, Microsoft, Research in Motion and others. ...
Solow lawsuit over Citigroup disclosures dismissed
(Reuters) - Citigroup Inc and its Chief Executive Vikram Pandit on Friday won a dismissal of New York real estate developer Sheldon Solow's lawsuit accusing them of securities fraud for hiding the bank's risks during the 2008 financial crisis. U.S. District Judge Robert Sweet in Manhattan said Solow failed to show that the defendants had materially misled him about Citigroup's liquidity and capitalization, or that his stock losses were caused when the bank's risks were realized. Sweet had in November dismissed an earlier version of Solow's complaint, but gave the plaintiff a chance to replead. ...
Wall St Week Ahead: The 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 next 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 next week as concerns about the financial health of Europe persist. ...