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Former editor says Murdoch sowed seeds of hacking scandal

By Guy Faulconbridge and Kate Holton LONDON (Reuters) - Rupert Murdoch sowed the seeds of the phone hacking scandal that has tarnished his reputation by forcing Britain's most respected newspapers into "a Faustian bargain"...

Exclusive: U.N. probes possible North Korea arms trade with Syria, Myanmar

By Louis Charbonneau and Michelle Nichols UNITED NATIONS (Reuters) - A U.N. panel of experts that monitors compliance with sanctions on North Korea is investigating reports of possible weapons-related shipments by Pyongyang to Syria...

Exclusive: U.N. panel probes possible North Korea arms trade with Syria, Myanmar

UNITED NATIONS (Reuters) - A U.N. panel of experts that monitors compliance with sanctions on North Korea is investigating reports of possible weapons-related shipments by Pyongyang to Syria and Myanmar, the panel said in a confidential report seen by Reuters on Thursday. ...

Trayvon evidence fails to answer who screamed for help

By Barbara Liston ORLANDO, Florida (Reuters) - An FBI expert found crucial evidence in the Trayvon Martin case was inconclusive, saying it was impossible to tell if the voice screaming for help belonged to...

Trayvon Martin had traces of marijuana in his system

(Reuters) - Florida teenage shooting victim Trayvon Martin had traces of marijuana in his system when he was killed by neighborhood watch volunteer George Zimmerman, according to case documents released on Thursday. The medical...

Insight: Who got Facebook shares? Fairness may not come into it

By Joseph A. Giannone NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a...

U.S. sets new tariffs on Chinese solar imports

By Matt Daily (Reuters) - The United States hit Chinese solar companies with punitive import tariffs of 30 percent or more on Thursday, ruling they had dumped cut-price solar panels into the U.S. market. ...

U.S. sets new tariffs on Chinese solar imports-source

By Matt Daily (Reuters) - The United States ruled that Chinese solar companies had illegally 'dumped' renewable power equipment on the U.S. market at below-market prices, and ordered tariffs on the imports, a source...

JPMorgan's Dimon says will testify before Congress

By Dave Clarke WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether...

U.S. Senate Banking Committee to ask Dimon to testify

By Dave Clarke WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee...

Senate Banking Committee to ask Dimon to testify

WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement posted on the committee website. ...

HP mulls cutting at least 25,000 jobs: sources

By Poornima Gupta (Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO...

HP mulls cutting workforce 8-10 percent: sources

SAN FRANCISCO (Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. ...

Facebook wraps up IPO, set for big Friday pop

By Alexei Oreskovic and Olivia Oran SAN FRANCISCO/NEW YORK (Reuters) - Facebook Inc is set to raise up to $18.4 billion in its IPO and become the first U.S. company to be worth more...

Facebook prices at top of range in landmark IPO

By Olivia Oran and Alistair Barr NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation...

Facebook prices IPO at $38

SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 per share, valuing the world's largest social network at more than $100 billion. At that price, the offering would raise as...

Facebook to price IPO, demand seen strong

By Olivia Oran NEW YORK (Reuters) - Facebook Inc is expected to price its initial public offering to raise more than $16 billion on Thursday, as strong demand, particularly from retail investors, fuels anticipation...

U.S. suspends sanctions on investment in Myanmar

By Andrew Quinn and Paul Eckert WASHINGTON (Reuters) - The United States on Thursday suspended sanctions barring U.S. investment in Myanmar in response to political reforms in the poor southeast Asian state, drawing praise...

US to suspend Myanmar sanctions, but keep laws on books

WASHINGTON (Reuters) - The United States will suspend sanctions barring American investment in Myanmar in response to political reforms, but will retain the laws to ensure against backsliding, Secretary of State Hillary Clinton said on Thursday. ...

U.S. to suspend sanctions on investment in Myanmar

WASHINGTON (Reuters) - The United States will suspend sanctions barring American investment in Myanmar in response to political reforms there, but will keep those laws on its books to discourage backsliding, Secretary of State Hillary Clinton said on Thursday. ...

Myanmar hopes for U.S. sanctions move to boost economy

By Jason Szep NAYPYITAW, Myanmar (Reuters) - A further lifting of U.S. sanctions on Myanmar, which could come during a visit by officials to Washington this week, would be crucial to opening its long-isolated...

Obama says to retain US investment sanctions on Myanmar

WASHINGTON (Reuters) - President Barack Obama has decided to extend for another year certain U.S. sanctions on investment and trade with Myanmar, saying Washington supports the reform process but remains concerned about human rights and conflict with ethnic groups. ...

Postal Service to close, consolidate 140 mail sites

By Emily Stephenson WASHINGTON (Reuters) - The Postal Service will proceed with a plan this summer to shut mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain...

USPS to close or consolidate 140 mail sites

WASHINGTON (Reuters) - The U.S. Postal Service will move ahead with a plan to shut or consolidate mail-processing facilities as part of its cost-cutting effort but will spread out the closings to maintain overnight delivery of local mail. ...

Iran attack decision nears, Israeli elite locks down

By Michael Stott JERUSALEM (Reuters) - A private door opens from Israeli Prime Minister Benjamin Netanyahu's office in central Jerusalem directly into a long, modestly furnished, half-paneled room decorated with modern paintings by Israeli...

Horrors of Srebrenica set out at Mladic trial

By Ivana Sekularac THE HAGUE (Reuters) - Prosecutors in the genocide trial of Serb general Ratko Mladic on Thursday described five days of terror in the Bosnian enclave of Srebrenica in July 1995, when...

Jobless claims steady, mid-Atlantic factories sag

By Jason Lange WASHINGTON (Reuters) - New claims for jobless benefits last week held at levels suggesting sluggish growth in hiring and factory activity in the mid-Atlantic region contracted in May, worrisome signs for...

Jobless claims steady, labor worries persist

By Jason Lange WASHINGTON (Reuters) - New claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs...

Warren Buffett to buy Media General newspapers

By Jennifer Saba and Ben Berkowitz (Reuters) - Warren Buffett's Berkshire Hathaway Inc is boosting its bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for...

Berkshire Hathaway to buy Media General newspapers

By Jennifer Saba and Ben Berkowitz (Reuters) - Warren Buffett's Berkshire Hathaway Inc is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for...

Berkshire Hathaway buying Media General newspapers

(Reuters) - Warren Buffett's Berkshire Hathaway is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc papers for $142 million in cash. Buffett's Berkshire Hathaway...

Berkshire Hathaway to buy Media General newspapers for $142 million

(Reuters) - Berkshire Hathaway Inc will buy all newspapers owned by Media General Inc, with the exception of Tampa group, for $142 million in cash, the companies said. Media General said it is in...

Analysis: Facebook can't take Asian growth for granted

By Jeremy Wagstaff, Asia Chief Technology Correspondent SINGAPORE (Reuters) - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 billion-plus initial public offering, its breakneck growth in Asia may...

Strong Wal-Mart profit trumps bribery probe concerns

By Jessica Wohl (Reuters) - Wal-Mart Stores Inc's quarterly profit and sales surpassed expectations on Thursday as more people shopped its established U.S. stores and spent more, pushing its shares up more than 5...

Wal-Mart posts strong profit as U.S. sales jump

(Reuters) - Wal-Mart Stores Inc posted a better-than-expected quarterly profit on Thursday as its Walmart U.S. division showed a 2.6 percent rise in sales at stores open at least a year, as warm weather and an earlier Easter enticed shoppers to spend. ...

Insight: Greek exit could cost eurozone 100s of billions of euros

By Paul Carrel FRANKFURT (Reuters) - A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in...

Spain beset by bank crisis, downgrades, bond pressure

By Carlos Ruano and Julien Toyer MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving...

Spain beset by bank crisis, recession, bond pressure

By Sonya Dowsett and Paul Day MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports that nationalized...

Plans to strike Iran "ready", says U.S. Israel envoy

JERUSALEM (Reuters) - U.S. plans for a possible military strike on Iran are ready and the option is "fully available", the U.S. ambassador to Israel said, days before Tehran resumes talks with world powers which suspect it of seeking to develop nuclear arms. ...

HSBC doubles turnaround target to $2 billion

By Kelvin Soh and Steve Slater HONG KONG/LONDON (Reuters) - HSBC doubled the annual revenue boost expected from its turnaround plan to $2 billion, as Europe's biggest bank picks 22 markets to drive its...

HSBC turnaround on target, sees revenue boost

By Lawrence White and Kelvin Soh HONG KONG (Reuters) - HSBC doubled the annual revenue boost expected from its turnaround plan to $2 billion, as Europe's biggest bank targets emerging markets and cost cuts...

Insight: Swing states: Could Europe decide the U.S. election?

By Andy Sullivan and Peter Apps NAVARRE, Ohio/WASHINGTON (Reuters) - The busy shop floor at Miller Weldmaster Corp could make a great location for an Obama campaign ad. ...

Obama wants tough rules after JPMorgan loss: report

WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday. ...

Venezuelan-born academic named president of MIT

CAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61,...

Iran nuclear output seen steady before Baghdad talks

By Fredrik Dahl VIENNA (Reuters) - Iran is installing more centrifuges in an underground plant but does not yet appear to be using them to expand higher-grade uranium enrichment that could take it closer...

RBC, Credit Suisse among bidders for BofA wealth units: sources

By Saeed Azhar and Denny Thomas SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of...

Ad execs say jury still out on Facebook as medium

By Nicola Leske and Kate Holton NEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives...

Wife of Robert F. Kennedy Jr. found dead at NY home

NEW YORK (Reuters) - Mary Kennedy, the estranged wife of Robert F. Kennedy Jr, was found dead on Wednesday at her home in a New York City suburb, an officer at the Westchester County Medical Examiner's Office said. She was 52. ...

Murder of Honduran reporter blamed on drug gangs

By Gustavo Palencia TEGUCIGALPA (Reuters) - A prominent Honduran radio journalist was killed by drug gangs in retaliation for a government crackdown on cartels, the country's security minister said on Wednesday. ...

Greece must stick to bailout terms: IMF's Lagarde

WASHINGTON (Reuters) - Political leaders in Greece need to show the resolve to stay in the euro zone, which will require Athens to stick to the terms of its rescue package, International Monetary Fund Managing Director Christine Lagarde said on Thursday. ...

Hobbled Dewey & LeBoeuf loses last top manager

By Nate Raymond (Reuters) - For Dewey & LeBoeuf, the time may have come for last rights. In recent days, Dewey has laid off hundreds of employees, been hit with new lawsuits for not...

Several brokerages stop taking Facebook IPO orders

NEW YORK (Reuters) - NEW YORK, May 16 (Reuters) - TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives. Morgan Stanley & Co...

$Insight: In Ohio, "fracking" boom a delicate issue for Obama$

Insight: In Ohio, "fracking" boom a delicate issue for Obama

By John Whitesides STEUBENVILLE, Ohio (Reuters) - Out past the vacant storefronts and abandoned buildings, beyond the shuttered steel mills and decaying industrial plants, residents of eastern Ohio suddenly are seeing dollar signs. ...

Exclusive: Iran flouts U.N. sanctions, sends arms to Syria: panel

By Louis Charbonneau UNITED NATIONS (Reuters) - Syria remains the top destination for Iranian arms shipments in violation of a U.N. Security Council ban on weapons exports by the Islamic Republic, according to a...

Exclusive: Syria remains top destination for Iran arms transfers

UNITED NATIONS (Reuters) - Syria remains the top destination for Iranian arms shipments in violation of a U.N. Security Council ban on weapons exports by the Islamic Republic, according to a confidential draft report by a U.N. panel of experts seen by Reuters on Wednesday. ...

Fund managers reveal "best ideas" at Ira Sohn event

By Svea Herbst-Bayliss and Katya Wachtel NEW YORK (Reuters) - David Einhorn, who runs hedge fund Greenlight Capital, said at a popular investor conference on Wednesday that shares in Martin Marietta Materials are overvalued. ...

Fed officials keep door open on easing, eye risks

By Ann Saphir (Reuters) - Several Federal Reserve policymakers last month thought the U.S. central bank might need to do more to support the economy if the recovery stumbles, but there was almost no...

Fed officials keep door open on easing

By Ann Saphir (Reuters) - Several Federal Reserve policymakers last month thought they may need to do more to help the recovery if it stumbles, but there was almost no support for extending the...

Fed keeps bond-buying door open: minutes

(Reuters) - Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting. Several...

Facebook IPO triggers retail investor craze

By Alistair Barr and Olivia Oran SAN FRANCISCO (Reuters) - If "Facebook For Dummies" helped you find friends and post pictures on the world's No. 1 online social network, then consider "Facebook IPO Confidential"...

Exclusive: ECB stops operations with some Greek banks: sources

By Annika Breidthardt and Andreas Framke BERLIN/FRANKFURT (Reuters) - The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, euro zone central bank sources said...

Syria's television confessions fail to convince many

By Oliver Holmes BEIRUT (Reuters) - Syria's state media is fighting hard to cast the country's unrest as an Islamist terrorist conspiracy rather than a popular uprising against the dynastic rule of President Bashar...

With state weak, Libyans look to God for help

By Hadeel Al Shalchi ZLITAN, Libya (Reuters) - Mohamed Salem believes it was divine intervention that saved the Muslim holy site where he works from being destroyed. ...

U.S. housing, industrial data point to steady growth

By Lucia Mutikani WASHINGTON (Reuters) - Groundbreaking for U.S. homes rebounded in April and factory activity gained momentum, suggesting a moderate pickup in economic growth early in the second quarter. ...

Housing, industrial data point to steady growth

By Lucia Mutikani WASHINGTON (Reuters) - Groundbreaking for U.S. homes rebounded in April and factory activity gained steam, suggesting a moderate pick up in economic growth early in the second quarter. ...

Housing starts, industrial output rise

By Lucia Mutikani WASHINGTON (Reuters) - Groundbreaking for homes rebounded in April and factory activity gained steam, suggesting the economy remains on a steady, if unspectacular recovery course. ...

Breivik killed with joyous "battle cry": survivors

By Balazs Koranyi OSLO (Reuters) - Anders Behring Breivik screamed a "battle cry" and appeared both angry and joyous as he shot his victims one by one, survivors of the Norwegian far-right killer's massacre...

Breivik killed with joyous "battle cry": witnesses

By Balazs Koranyi OSLO (Reuters) - Anders Behring Breivik roared a "battle cry" and appeared both angry and joyous as he shot people one by one with a distorted face, survivors of the Norwegian...

Apple readies iPhone with larger screen: sources

By Reiji Murai TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and...

Housing starts add to recovery signs

WASHINGTON (Reuters) - A rebound in groundbreaking for homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell. The Commerce Department said housing starts increased...

Housing starts rebound in April, permits fall

WASHINGTON (Reuters) - Housing starts rose more than expected in April, according to a government report on Wednesday that offered signs of a nascent housing recovery, even though permits for future building fell after touching a 3-1/2 year high the prior month. ...

Exclusive: Order knew for months about priest scandal: Vatican official

By Philip Pullella VATICAN CITY (Reuters) - Leaders of the scandal-plagued Legionaries of Christ religious order knew that their most famous priest had fathered a child for many months before they acknowledged it this...

Exclusive: China pushes North Korea to drop nuclear test plan: sources

By Benjamin Kang Lim BEIJING (Reuters) - China has been quietly and gently pressuring North Korea to scrap plans for a third nuclear test, said two sources with knowledge of closed-door discussions between the...

Indonesia finds black box from crashed Russian Sukhoi

JAKARTA (Reuters) - Indonesia's national search and rescue agency has found a black box flight recorder from a Russian Sukhoi Superjet 100 that crashed during a demonstration flight killing all 45 people on board, an agency official said on Wednesday. ...

Mladic taunts survivors at start of genocide trial

By Anthony Deutsch and Ivana Sekularac THE HAGUE (Reuters) - Bosnian Serb general Ratko Mladic taunted Srebrenica survivors on Wednesday at the start of his trial for genocide, running his hand across his throat...

Mladic goes on trial for atrocities in Bosnia

By Thomas Escritt and Ivana Sekularac AMSTERDAM (Reuters) - Bosnian Serb general Ratko Mladic went on trial for genocide on Wednesday, accused of leading the slaughter of 8,000 unarmed Muslim boys and men in...

Serbia's Mladic at genocide trial in war crimes court

THE HAGUE (Reuters) - Former Bosnian Serb army commander Ratko Mladic, 70, appeared on Wednesday for his genocide trial looking confident, flashing a thumbs-up and clapping his hands as he entered the courtroom. He...

Analysis: Euro twilight zone beckons for Greece

By Mike Dolan LONDON (Reuters) - Speculation about an endgame in Greece's protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there's still every chance that uncertainty will simply...

Lawyers for ex-US Senator John Edwards rest case

By Colleen Jenkins GREENSBORO, North Carolina (Reuters) - The defense rested its case on Wednesday in the federal trial of ex-Senator John Edwards on charges he used presidential campaign finances to hide his then-pregnant...

Lawyers for ex-US Senator John Edwards rest their case

(Reuters) - The defense rested its case on Wednesday in the federal trial of ex-Senator John Edwards on charges he used presidential campaign finances to hide his then-pregnant mistress from voters. Edwards' lawyers have...

Edwards, mistress may testify for defense as trial nears end

By Colleen Jenkins GREENSBORO, NC (Reuters) - Former Senator John Edwards, his ex-mistress and his oldest daughter may take the witness stand on Wednesday to offer a last word in his defense at his...

Obama has assets in JPMorgan accounts: White House

WASHINGTON (Reuters) - President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking account, according to financial disclosures released by the White House on Tuesday. Obama said...

Strauss-Kahn countersues NY hotel maid for $1 million

By Joseph Ax NEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn has filed a $1 million countersuit against the hotel maid who accused him of sexual assault, costing him his job and any...

Berkshire adds GM, Viacom positions in first quarter

By Ben Berkowitz (Reuters) - Berkshire Hathaway added new positions in automaker General Motors and media conglomerate Viacom in the first quarter and cut its stake in chipmaker Intel by 33 percent, the conglomerate...

J.C. Penney sales tumble, scraps dividend

By Phil Wahba NEW YORK (Reuters) - J.C. Penney Co Inc's early effort to remake itself as an affordable fashion-oriented retail chain and wean consumers off discount coupons took a much bigger-than-expected toll on...

J.C. Penney posts loss, sales tumble; cuts dividend

By Phil Wahba NEW YORK (Reuters) - J.C. Penney Co Inc's attempt to remake itself as fashion-oriented chain and wean costumers off of coupons took a bigger toll on sales than expected in the...

Facebook price-hike: appetite trumps risk

By Olivia Oran and Alexei Oreskovic NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc boosted the price range on its initial public offering by about 14 percent, as investors' appetite for the No. 1 social...

GM to drop Facebook ads due to low consumer impact

By Ben Klayman DETROIT (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public. ...

GM plans to stop advertising on Facebook

(Reuters) - General Motors Co will stop advertising on Facebook, a move that comes during the same week the social networking website is due to go public. The U.S. automaker confirmed a report by...

Analysis: For energy companies 2012 likely to be fraught with pricing peril

By Caroline Valetkevitch (Reuters) - Just six months ago energy companies were the kings of the hill, delivering stronger results than any other market sector, but 2012 is looking very different, if first-quarter results...

One killed in blast in Kenyan coastal city

NAIROBI (Reuters) - One person was killed and several were hurt in a suspected grenade attack at a club in the Kenyan coastal city of Mombasa, police said on Tuesday. "We have one dead,...

One killed in grenade blast in Kenyan coastal city

By James Macharia NAIROBI (Reuters) - Gunmen detonated grenades outside a night club in the Kenyan coastal city of Mombasa on Tuesday, killing one person and wounding several others in the latest attack since...

Oracle patent claims versus Google sent to jury

By Dan Levine SAN FRANCISCO (Reuters) - A California jury began another round of deliberations on Tuesday in a high profile trial over allegations that Google's Android mobile platform violates Oracle's intellectual property rights. ...

No boost for Obama from gay marriage decision

By Jeff Mason WASHINGTON (Reuters) - President Barack Obama's show of support for gay marriage has inflamed political passions but has not given him a bump in popularity, a Reuters/Ipsos poll showed on Tuesday. ...

Americans split on Obama's gay marriage decision

WASHINGTON (Reuters) - Roughly a third of Americans view President Barack Obama more favorably and a third less favorably as a result of his declaration of support for gay marriage, a Reuters/Ipsos poll showed on Tuesday. ...

Vatican, Benetton settle dispute over pope kiss ad

By Philip Pullella VATICAN CITY (Reuters) - Italian fashion firm Benetton has agreed to make a donation to a Catholic charity to end a legal dispute with the Vatican over an advertisement that showed...

DOJ opens inquiry into JPMorgan trading loss: report

WASHINGTON (Reuters) - The U.S. Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the...

AMR wins labor deals with five union work groups

(Reuters) - Five out of seven work groups represented by the largest labor union at AMR Corp's American Airlines voted to accept contract terms offered by the bankrupt airline, the Transport Workers Union (TWU) said on Tuesday. ...

Chesapeake hikes loan as credit rating fades

By Jennifer Ablan and Smita Madhur (Reuters) - Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset...

Chesapeake shares fall on downgrade, loan

By Anna Driver and Matt Daily (Reuters) - Chesapeake Energy Corp shares dropped as much as 6.5 percent on Tuesday following a credit rating downgrade and news that the natural gas producer will boost...

Chesapeake shares drop as loan increased to $4 billion

(Reuters) - Shares in Chesapeake Energy Corp dropped as much as 6.5 percent early Tuesday after sources said the natural gas producer had increased a new bridge loan to $4 billion from $3 billion. ...

April retail sales hint at slower spending pace

WASHINGTON (Reuters) - Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter. ...

April retail sales edge up, building materials tumble

WASHINGTON (Reuters) - Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter. Retail...

Insight: French architect could be pivotal figure in China scandal

By Alice Cannet and Lucy Hornby RAINANS/DALIAN (Reuters) - An elusive French architect is emerging as a key figure in China's biggest political scandal in two decades, with evidence suggesting he shared both an...

Home Depot sales miss Wall Street estimates

By Dhanya Skariachan and Martinne Geller (Reuters) - Home Depot Inc posted quarterly sales that fell short of Wall Street's heightened expectations on Tuesday after demand slowed in April following a jump in home...

Ex-Murdoch editor charged over UK phone-hacking scandal

By Michael Holden and Kate Holton LONDON (Reuters) - Rebekah Brooks, a close confidante of Rupert Murdoch, was charged on Tuesday with interfering with a police investigation into a phone hacking scandal that has...

Ex-Murdoch editor charged over phone-hacking scandal

LONDON (Reuters) - Rebekah Brooks, a former chief executive of Rupert Murdoch's British newspaper arm, has been charged with perverting the course of justice over a phone hacking scandal at one of the media mogul's papers, Sky News said on Tuesday. ...

Iran nuclear concession would test big power unity