By Masayuki Kitano SINGAPORE (Reuters) - "Will he or won't he?" is the question investors want answered at Wednesday's Congressional testimony by Federal Reserve Chairman Ben Bernanke, as suspense builds on whether the Fed will soon start tapering its bond-buying stimulus scheme - as hinted at by a Fed regional president last week. ...
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- Ferguson heads into retirement with manager of year award Reuters
Manchester United manager Alex Ferguson capped his final season in charge of the English Premier League champions by clinching the League Managers' Association More »
- Yahoo buying Tumblr for $1.1 billion, vows not to screw it up Reuters
Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of More »
- FIR against Facebook for not removing page 'glorifying' cow slaughter Hindustan Times
An FIR was registered against social networking website Facebook for not removing an online community page created by some persons who were using it to 'glorify' More »
- Free porn, illicit liquor behind rise in rapes: Delhi Police survey Hindustan Times
Free availability of porn movies, on internet and otherwise, as well as sale of illicit liquor have contributed to the recent rise in sexual crimes against women, More »
- Gay marriage law strains UK Cameron's leadership, government Reuters
British Prime Minister David Cameron's flagship gay marriage policy deepened a rift in his own party on Monday after many of his own lawmakers defied him in a sign More »
- Monster tornado kills at least 51 in Oklahoma town Reuters
By Alice Mannette MOORE, Oklahoma (Reuters) - A 2-mile-wide (3-km-wide) tornado tore through the Oklahoma City suburb of Moore on Monday, killing at least 51 people while destroying entire tracts of homes, piling cars atop one another, and trapping two dozen school children beneath rubble. Twenty of the 51 confirmed deaths were children, the Oklahoma medical examiner said, and at least 45 of the 230 people injured were children, according to area hospitals. It was the deadliest U.S. tornado since one killed 161 people in Joplin, Missouri, two years ago. ...
- Amazon wins key cloud security clearance from U.S. government Reuters
By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc has been given a security clearance by the U.S. government that will make it easier for federal agencies to use its cloud computing services. Amazon Web Services, known as AWS, was certified to operate as a cloud service provider for three years under the government's new FedRAMP program. The accreditation covers all AWS data centers in the United States, the company said on Tuesday. "This will cut the cost and time for agencies to deploy our systems," said Teresa Carlson, vice president of Worldwide Public Sector at AWS. ...
- Goldman exits China's ICBC, seven years and billions later Reuters
By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Goldman's relationship with ICBC was similar to that of other big global financial institutions that purchased stakes in Chinese banks and insurers. ...
- Yahoo's rise in Asia offsets risk from Tumblr bet Reuters
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, not least among them retaining users while devising new types of non-intrusive online ads outside of Yahoo's traditional area of expertise. And then there is Tumblr's hefty price tag: a sum that equates to a fifth of Yahoo's cash. ...
- Rupee inches up; dollar selling watched Reuters
Reuters Market Eye - The rupee opens higher. The pair is at 54.97/98 versus its last close at 55.10/11. The pair may trade in a 54.80-55.10 band for the session, says a senior dealer with a state-run bank. Selling from exporters to continue keeping the rupee biased towards gains, adds the dealer. Asian currencies trading firmer compared with the dollar. Month-end dollar demand will be watched, with the pair to take direction from stock moves. ...
- iGate sacks Murthy after sexual harassment probe Reuters
MUMBAI (Reuters) - Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Murthy was replaced with immediate effect by interim CEO Gerhard Watzinger, iGate said. Murthy was forced to quit India's second biggest software exporter Infosys Ltd in 2002 following a sexual harassment lawsuit, which was settled out of court. Murthy did not respond to repeated telephone calls by Reuters seeking comment. ...
- What's in a name? U.S. starts using Myanmar as well as Burma Reuters
WASHINGTON (Reuters) - The Southeast Asian nation formerly known as Burma received further backing from the White House on Monday in its campaign to be called Myanmar. Successive U.S. governments have refused to acknowledge the name change made in the late 1980s by the country's military rulers. The United States for years deliberately referred to the nation of 60 million people as Burma, so as not to give legitimacy to military governments. But in a nod to political reforms made by President Thein Sein, the White House acknowledged it is now employing the name Myanmar more often than before. ...
- Obama urges Myanmar to stop violence against Muslims Reuters
By Paul Eckert WASHINGTON (Reuters) - President Barack Obama urged the president of Myanmar on Monday to halt violence against a Muslim minority but praised economic and political reforms in the formerly pariah nation that is emerging as a U.S. ally in China's backyard. During the first visit to the White House in 47 years by a leader of the Southeast Asian nation, Obama called for an end to the killings of Rohingya Muslims in western Myanmar's Rakhine state. Reformist Myanmar President Thein Sein vowed to resolve ethnic conflicts and bring perpetrators to justice. ...
- Kelly Rowland, Paulina Rubio join U.S. 'X Factor' judges panel Reuters
LOS ANGELES (Reuters) - Pop singer Kelly Rowland and Mexican singer-actress Paulina Rubio have signed onto "The X Factor" judging panel replacing Britney Spears and music mogul L.A. Reid, the Fox television talent competition produced by Simon Cowell said on Monday. Rowland, who rose to fame with R&B group Destiny's Child, and Rubio will be charged with re-igniting the Fox series that failed to stave off falling ratings after giving Spears a reported $15 million salary last year. Rowland, 32, and Rubio, 41, will join Cowell, 53, and pop singer Demi Lovato, 20, on the judging panel. ...
- Gold, silver fall as dollar gains; ETF holdings drop Reuters
SINGAPORE (Reuters) - Gold drifted lower for an eighth session out of nine on Tuesday on outflows from exchange-traded funds and as the dollar firmed, putting more pressure on bullion which has already lost nearly a fifth of its value this year. Silver also dropped, after recovering from Monday's early dive when it hit 2-1/2-year lows. FUNDAMENTALS * Spot gold had fallen 0.4 percent to $1,387.86 an ounce by 0042 GMT. The price rose 2.6 percent on Monday after a seven-session slide -- the metal's longest losing streak since March 2009. * U.S. gold futures gained 0.2 percent to $1,386.60. ...
- Death toll rises to at least 51 in Oklahoma tornado -state agency Reuters
REUTERS - The death toll from a huge tornado that struck Moore, Oklahoma on Monday rose to 51, the state medical examiner's office said. Amy Elliott, chief administrative officer of the Oklahoma medical examiner's office, said 51 were confirmed dead, up from 37 fatalities reported earlier. The powerful tornado, rated the second highest strength level of EF4 and packing winds of up to 200 miles per hour (320 kph), touched down at midafternoon and devastated a wide area of the town. (Reporting By Brendan O'Brien; Writing by Greg McCune; Editing by Bill Trott)
- Brazil's stadiums ready for World Cup soccer warm-up in June Reuters
By Anthony Boadle BRASILIA (Reuters) - Brazilian President Dilma Rousseff took a swipe at the naysayers on Monday as she officially inaugurated the last of six stadiums that Brazil will use next month to host a warm-up for the 2014 World Cup soccer tournament. "The pessimists said the stadiums would not be ready in time, but we are showing them today that we can deliver high-quality stadiums," Rousseff said in a speech in Recife before opening the 46,000-seat Arena Pernambuco outside the northeastern Brazilian city. ...
- 'Spider-Man' Broadway venue sold to Britain's Ambassador Theatre Reuters
REUTERS - British theater company Ambassador Theatre Group's subsidiary Lyric Theatre LLC has purchased Foxwoods Theatre, currently home to the "Spider-Man" musical, from Live Nation Entertainment Inc , the companies said on Monday. Lyric Theatre paid about $65 million for Foxwoods, according to a person with knowledge of the deal. The Foxwoods Theatre, which opened in 1997 and seats nearly 2,000, is one of Broadway's largest venues. It is the current home of the rock musical "Spider-Man: Turn Off the Dark," which a Broadway record for weekly ticket sales of $2. ...
- Nikkei slips from 5-1/2 year high on stall in yen weakness Reuters
TOKYO (Reuters) - Japan's Nikkei share average eased from a 5-1/2-year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke's testimony. The Nikkei fell 0.6 percent to 15,269.85, while the broader Topix index dipped 0.2 percent to 1,266.71. (Reporting by Dominic Lau; Editing by Edwina Gibbs)
- Massive Moon explosion captured on NASA video IANS
Washington, May 21 (RIA Novosti) NASA cameras have captured video of the largest explosion it has ever seen on the moon, when a meteorite crashed into the lunar surface in a bright burst of light visible to the naked eye.
- 90-year jail for Turks who poisoned Russians IANS
Ankara, May 21 (IANS/RIA Novosti) Four Turkish nationals were sentenced Monday to 90 years in prison after they were found guilty of lethal poisoning a group of Russian tourists in 2011, a lawyer said.
- US lawmakers seek more internal-security cooperation with India IANS
Washington, May 21 (IANS) Ahead of the second US-India Homeland Security dialogue here Tuesday, the Congressional Caucus on India and Indian-Americans has sought expanded cooperation between the two countries on internal security issues.
- World Bank, UN chiefs to visit African Great Lakes region IANS
Washington, May 21 (IANS) The World Bank President, Jim Yong Kim, and UN Secretary-General Ban Ki-moon will make a joint visit to Africa's Great Lakes region, a World Bank statement said Monday.
- 'Situation on Korean Peninsula still serious' IANS
Moscow, May 21 (IANS/RIA Novosti) The security situation on the Korean Peninsula is still serious after North Korea's recent missile launch and its defiant pursuit of nuclear weapons, South Korea has said.
- Jolie to play own mother in biopic? IANS
Los Angeles, May 21 (IANS) Actress Angelina Jolie will reportedly play her late mother, Marcheline Bertrand, in a biopic made by her partner Brad Pitt's production banner Plan B.
- Longoria 'misses' the Beckhams IANS
Los Angeles, May 21 (IANS) Actress Eva Longoria "misses" spending time with her close friends Victoria and David Beckham now that the couple has moved to London.
- Rochelle Humes delivers girl IANS
Los Angeles, May 21 (IANS) The Saturdays singer Rochelle Humes has become a first-time mother after giving birth to a baby daughter.
- 51 killed as powerful tornado slams Oklahoma City IANS
Washington, May 21 (IANS) At least 51 people, including seven children at an elementary school, were killed as a massive tornado slammed Oklahoma City in south central US leaving widespread destruction in its wake.
- Israel cancels UNESCO delegation's visit IANS
Jerusalem, May 21 (IANS) Israel has cancelled a planned visit by a UNESCO delegation to Jerusalem due to the efforts of Palestinian factions to politicise it.
- Medvedev calls for tougher control of migration IANS
Moscow, May 21 (IANS/RIA Novosti) Russia is unlikely to overcome its demand for migrant labour in the coming decades, so the country requires an effective system to control migration processes, Russian Prime Minister Dmitry Medvedev said Tuesday.
- 95 killed in Syrian violence: Report IANS
Damascus, May 21 (IANS) A total of 95 people, including 23 Hezbollah members, have been killed in an intense fighting in Syria's Al-Qussair city since Saturday, the Britain-based Syrian Observatory for Human Rights said Monday.
- 812 drug suspects held in joint Mekong patrolling IANS
Beijing, May 21 (IANS) A total of 812 drug crime suspects have been arrested as part of a joint anti-drug campaign launched by China, Laos, Myanmar and Thailand on the trans-boundary river of Mekong, Xinhua reported.
- Winona Ryder proud of forehead lines IANS
Los Angeles, May 21 (IANS) Actresses might typically go for treatment if their face wrinkles too much, but Winona Ryder says she is very much proud of the lines on her forehead.
- 10 killed as powerful tornado slams Oklahoma City IANS
Washington, May 21 (IANS) At least 10 people were killed as a powerful two-mile-wide tornado slammed Oklahoma City in South Central US ripping roofs off buildings, levelling homes, and cutting a wide path of destruction.
- Man kills sister, commits suicide Hindustan Times
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- Narendra Modi to meet BJP board today Hindustan Times
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