Yahoo! News India

By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp new Chief Executive Officer Brian Krzanich has re-organized key business groups and created a "new devices" unit, according to a source who has seen an internal email, shaking up the world's top chipmaker days after formally assuming control. Intel spokesman Chuck Mulloy confirmed Krzanich sent the internal email describing the chipmaker's reorganization. (Reporting by Noel Randewich; Editing by Gerald E. McCormick)

DUBAI (Reuters) - Iran's semi-official Mehr news agency said on Tuesday that it had heard that the Guardian Council, which is vetting candidates for next month's presidential election, had barred former president Akbar Hashemi Rafsanjani and a leading ally of President Mahmoud Ahmadinejad from running. If true, the exclusion of Rafsanjani and Esfandiar Rahim Mashaie, a former chief of staff to Ahmadinejad detested by the clerical establishment, would leave the presidential race dominated by hardline conservatives close to Supreme Leader Ayatollah Ali Khamenei. ...

NEW YORK (Reuters) - JPMorgan Chase & Co shareholders voted in support of Chairman and Chief Executive Jamie Dimon maintaining both roles, rejecting a proposal from shareholders who said the corporate governance structure was flawed, according to a preliminary tally at its annual meeting on Tuesday. Only 32.2 percent of shareholders voted in favor of splitting the chairman and CEO roles, less than the roughly 40 percent who voted to split a year ago. Shareholders also voted to support the bank's 11 directors in a range of 53.1 percent for Ellen Futter to 99. ...

By Dominic Evans BEIRUT (Reuters) - Syria said its troops destroyed an Israeli vehicle that crossed into its territory from the Israeli-occupied Golan Heights on Tuesday and warned that any attempt to violate its sovereignty would meet "immediate and firm retaliation". Israel said the incident took place on its side of the Golan ceasefire line, that the vehicle was damaged but not destroyed, none of its soldiers were hurt and they returned fire. ...

By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday. The housing market recovery helped Home Depot report higher quarterly sales and earnings, prompting the world's largest home improvement chain to boost its sales outlook for the year. Its shares rose 2.3 percent to $78.53 after hitting a record of $79.40. ...

By Simon Evans MIAMI (Reuters) - Manchester City and the New York Yankees have formed a new Major League Soccer team to play in New York City from 2015, the organizations said on Tuesday. English Premier League club Manchester City, owned by Sheikh Mansour of Abu Dhabi, will be the majority partner in New York City Football Club with the Yankees, the biggest name in baseball, an "active member of the ownership group". "This is another big day for soccer in America," MLS commissioner Don Garber told Reuters. ...

CAIRO (Reuters) - Syria's opposition and government are preparing to take part in an internationally-sponsored peace conference, the United Nations-Arab League mediator Lakhdar Brahimi said on Tuesday. "The Syrian people are building great hopes on the conference, as the opposition prepares itself to take part and likewise the Syrian regime prepares to take part in this conference," he told reporters at the Arab League. "The United Nations is working to organise the conference in the best way possible." The talks are due to take place in the Swiss city of Geneva in June. U.S. ...

By Carey Gillam and Ian Simpson MOORE, Oklahoma (Reuters) - Emergency workers pulled more than 100 survivors from the rubble of homes, schools and a hospital in an Oklahoma town hit by a powerful tornado, and officials on Tuesday sharply lowered the number of deaths caused by the storm. The 2-mile (3-km) wide tornado tore through Moore outside Oklahoma City on Monday afternoon, trapping victims beneath the rubble. Seven children died at Plaza Towers Elementary School, which took a direct hit, but many more survived unhurt. ...

REUTERS - Tobacco company Philip Morris International Inc said it would buy out its Mexican joint venture partner controlled by billionaire Carlos Slim, for about $700 million. The Marlboro maker said it expects the deal to marginally add to earnings per share in the fourth quarter. Slim's industrial and retail conglomerate Grupo Carso had been selling its stake in local cigarette company Cigatam during the last decade, and at the end of 2007 Slim held just the 20 percent of the company that Philip Morris will now buy. As a director of Philip Morris, Slim holds 17,076 shares in PMI, worth $1. ...

By Greg McCune CHICAGO (Reuters) - Tornadoes could form across a wide area of the southern Plains and into the U.S. southeast again on Tuesday, including metropolitan Dallas-Fort Worth, the most populous urban area in the threatened area, a government meteorologist said. "There could be a few more tornadoes again, particularly in northern and central Texas," said Brynn Kerr, meteorologist at the National Weather Service's Storm Prediction Center in Norman, Oklahoma. ...

By Belinda Goldsmith CANNES (Reuters) - The relationship between the flamboyant pianist Liberace and his young lover dazzled at the Cannes film festival on Tuesday and threw the spotlight on gay rights at the movie industry's largest annual gathering. Director Steven Soderbergh said he struggled five years ago to secure funding for "Behind the Candelabra" because some financiers thought the film would only appeal to a gay audience and, at a cost of $25 million, would be a financial risk. ...

By Patrick Temple-West WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government. "Apple effectively shifts billions of dollars in profits offshore, profits that under one section of the tax code should nonetheless be subject to U.S. taxes, but through a complex process avoids those taxes," said Senator Carl Levin. ...

By Fredrik Dahl VIENNA (Reuters) - A U.N. nuclear agency report due this week is expected to show Iran further increasing its capacity to produce material that its adversaries fear could eventually be put to developing atomic bombs, Western diplomats said on Tuesday. But they said it is also likely to indicate that growth in Iran's most sensitive nuclear stockpile has been held back because some of it has been used for reactor fuel, potentially providing more time for diplomacy between Iran and major powers. ...

Panaji, May 21 (IANS) The Goa Medical College (GMC), the state's top health facility, regularly faces water shortage because people steal taps installed in the hospital premises, Chief Minister Manohar Parrikar said Tuesday.

Mumbai, May 21 (IANS) Maharashtra is willing to set up a special investment zone for Chinese companies in the state, Chief Minister Prithviraj Chavan told the visiting Chinese Premier Li Keqiang here Tuesday.

Islamabad, May 21 (IANS) Chinese Premier Li Keqiang, who is paying a two-day official visit to Pakistan from Wednesday, will be conferred Nishan-e-Pakistan - the country's highest honour.

Minsk (Belarus), May 21 (IANS) Lok Sabha Speaker Meira Kumar has told Belarussian President Alexander Lukashenko that India deeply values its relations with the east European country, a statement from her office said Tuesday.

Hull (England), May 21 (IANS) World No.1 and defending champion Nicol David outclassed India's Joshana Chinappa in the first round of the Allam British Open Squash Championships here Tuesday.

Mysore, May 21 (IANS) The Congress, which wrested power from BJP in Karnataka early this month, is taking forward its pledge of 30kg rice at Re.1 a kg for poor families with a plan to offer rice at less than Rs.9 a kg for the lower middle-income group in the state.

Hyderabad, May 21 (IANS) Annapurna International School of Film and Media will conduct a four-week summer workshop on filmmaking for engineering students, beginning May 27, the institution said Tuesday.

Hyderabad, May 21 (IANS) Over 125 jewellers from India and abroad will showcase their exclusive diamond and gold jewellery at the sixth edition of the Hyderabad Jewellery Pearl and Gem Fair (HJF) here June 7 to June 9.

New Delhi, May 21 (IANS) Former Ranji player Baburao Yadav, arrested in the Indian Premier League (IPL) spot fixing scandal, was in constant touch with a bookie for two years and had introduced one of the accused Rajasthan Royals players to him, said police here Tuesday.

New Delhi, May 21 (IANS) Tainted cricketer S. Sreesanth went on a shopping spree with the money he earned from spot-fixing, buying apparel worth Rs.1.95 lakh for himself and a mobile phone costing over Rs.40,000 for his girlfriend, Delhi Police said Tuesday.

Gurgaon, May 21 (IANS) Two women employees of a private school here were arrested for sexually molesting a six-year-old Class 3 student for the last few months, police said Tuesday.

New Delhi, May 21 (IANS) Pune Warriors India, owned by Sahara India Pariwar, pulled out of the already scandal-hit Indian Premier League (IPL) Tuesday and announced that they will not renew their sponsorship of the Indian cricket team after the present contract expires in December 2013.

Kolkata, May 21 (IANS) Supporting West Bengal Chief Minister Mamata Banerjee's decision to withdraw from the UPA last September on the issue of FDI in retail, eminent writer Mahasweta Devi Tuesday exhorted people from all walks of life to protest against the measure.