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REUTERS - Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc , Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, Bloomberg cited a source as saying. Maps and navigation services have become a key asset for technology companies as consumers increasingly adopt smartphones and other mobile devices. Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion. ...

By Simon Evans MIAMI (Reuters) - The Indiana Pacers fell just short in the Eastern Conference finals opener but their gritty display pumped life into the NBA playoffs and let the defending champion Miami Heat know they have a battle on their hands. The ease with which the top-seeded Heat have brushed aside opponents during the regular season and playoffs has given an air of inevitability to this year's postseason, resulting in falling television ratings and plummeting interest. ...

By Belinda Goldsmith CANNES (Reuters) - A trip to space with Hollywood actor Leonardo DiCaprio raised 1.2 million euros for charity at a glitzy fundraiser at the Cannes film festival on Thursday. At the 20th annual event organized by amfAR, the Foundation for AIDS Research, DiCaprio emerged as the mystery guest to accompany the winner on a Virgin Galactic flight into space. DiCaprio stars in the film "The Great Gatsby," which opened the 66th Cannes film festival. Actress Sharon Stone said the winning bidder would spend three days in training with DiCaprio in New Mexico before blast-off. ...

By Paulo Prada RIO DE JANEIRO (Reuters) - Drug traffickers in Rio de Janeiro ordered shops closed in one of its biggest slums early Thursday, defying efforts to restore order to the city's vast shantytowns and renewing safety concerns in Brazil as it prepares to host the World Cup and Olympics. Shops were shuttered and more than 5,400 children were turned away from school Thursday morning after traffickers, shouting from motorcycles, ordered a curfew following a shootout with police late Wednesday that killed a drug dealer. ...

REUTERS - American Ryan Palmer took advantage of ideal scoring conditions and local knowledge with a birdie fest as he charged into a one-shot lead in Thursday's opening round of the Crowne Plaza Invitational in Fort Worth, Texas. The 36-year-old Texan piled up eight birdies on the way to a flawless eight-under-par 62 on a relatively calm morning at iconic Colonial Country Club, matching the lowest first round ever recorded at the long established PGA Tour event. ...

By Nate Raymond NEW YORK (Reuters) - In an unusual move before a trial, a federal judge expressed a tentative view that the U.S. Justice Department will be able to show evidence that Apple Inc engaged in a conspiracy with publishers to increase e-book prices. U.S. District Judge Denise Cote, who is set to oversee a trial on June 3, gave her view during a pretrial hearing on Thursday. ...

By Marice Richter GRAPEVINE, Texas (Reuters) - The Boy Scouts of America voted on Thursday to lift a century-old ban on openly gay scouts in a major victory for gay rights activists, but the decision means a sea of change for an organization that depends heavily on faith-based groups. More than 60 percent of the group's National Council, comprised of some 1,400 delegates, voted in favor of ending the ban, effective January 1, 2014, the group said in a statement. A prohibition on openly gay adult leaders remains in place. ...

By Jessica Wohl REUTERS - Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring. Lafley is taking on the roles of chairman, president and chief executive officer, effective immediately, while McDonald is set to retire on June 30 after 33 years at P&G. The move comes as some investors have pushed for faster improvements from the maker of Tide detergent and Gillette razors. P&G unveiled a $10 billion restructuring program in February 2012. ...

WASHINGTON (Reuters) - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc , the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent out civil investigative demands in relation to the probe, which would be the sign of a formal and more serious investigation. ...

By Barbara Liston and Mark Hosenball ORLANDO, Fla./WASHINGTON (Reuters) - A special Federal Bureau of Investigation team from Washington on Thursday began reviewing the death of a Chechen immigrant linked to the Boston Marathon bombing suspects, a day after he was shot and killed by an agent during questioning in Orlando. The dead man, Ibragim Todashev, 27, was a friend of suspected bomber Tamerlan Tsarnaev and was under investigation for alleged ties to a triple homicide in Massachusetts in 2011, according to media reports citing law enforcement officials. ...

By Ian Chua SYDNEY (Reuters) - Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh of relief when Wall Street cut losses on an upbeat outlook from Hewlett-Packard. As some semblance of calm returned to markets, the yen drifted lower against the dollar and euro, giving back some of the chunky gains made on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, having slumped more than 2 percent on Thursday in its largest one-day decline in 10 months. ...

By Rodrigo Campos NEW YORK (Reuters) - For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months. ...

By Matt Spetalnick and Roberta Rampton WASHINGTON (Reuters) - President Barack Obama on Thursday shifted the United States away from a "boundless global war on terror," restricting deadly drone strikes abroad and signaling that America's long struggle against al Qaeda will one day end. In a major policy speech, Obama narrowed the scope of the U.S. targeted-killing campaign against al Qaeda and its allies and took new steps toward closing the Guantanamo Bay military prison - controversial elements of the U.S. counterterrorism fight that have drawn condemnation at home and abroad. ...

Washington, May 24 (IANS/RIA Novosti) Researchers in the US have captured rare images of the creation of a massive galaxy about 10 times the size of the Milky Way that was formed when two young galaxies collided 11 billion years ago, a study said.

Rome, May 24 (IANS/AKI) An unemployed 64-year-old labourer in Italy's Sicily island died after setting himself alight, when he failed to repay a 10,000 euro loan and lost his home.

Moscow, May 24 (IANS/RIA Novosti) A new Russian parliamentary centre will be built in central Moscow, that will house both the upper and lower houses as well as their administrative and support services, an official said.

Milan, May 24 (IANS/AKI) Former Italian prime minister Silvio Berlusconi played a key role in a "massive" fraud by his media group, appeals judges in Milan have said.

Naples, May 24 (IANS/AKI) A man was arrested in the southern Italian city of Naples on suspicion that he was "exploiting" a Romanian prostitute on the pretext of regularly driving her to work.

Los Angeles, May 24 (IANS) Singer Taylor Swift likes to wear clothes which exude style, but still don't restrict her movement on stage.

Tel Aviv, May 24 (IANS/RIA Novosti) The sale of S-300 air defence systems by Russia to Syria would be "destabilising" for the region, US Secretary of State John Kerry said.

Los Angeles, May 24 (IANS) Jennifer Love Hewitt feels people will never stop commenting - whether you're thin or voluptuous. But she says it is more important to feel good in your skin, and she does so with her regular dose of running, yoga and Pilates.

Moscow, May 24 (IANS/RIA Novosti) Russia's new reusable spacecraft being developed by the Energia Rocket and Space Corporation will be able to make up to five space flights, the rocket maker said.

Los Angeles, May 24 (IANS) For Comedian Ed Helms and actor Bradley Cooper, actors of the successful "The Hangover" films, the franchise is "over".

Moscow, May 24 (IANS/RIA Novosti) Russia's first light-class modification Angara 1.2PP carrier rocket is ready for its maiden launch, its manufacturer Khrunichev Center said.

Vilnius (Lithuania), May 24 (IANS/RIA Novosti) Lithuanian security services have arrested a Russian national at the request of the US Justice Department, which suspects him of smuggling export-restricted military equipment.

Rome, May 24 (IANS/AKI) The captain of the Costa Concordia cruise liner that hit rocks and sank off Tuscany last year, killing 32 people, will go on trial in July.