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SAN FRANCISCO (Reuters) - Yahoo Inc announced on Monday it would shell out $1.1 billion to buy blogging service Tumblr, in a bid to revitalize its brand and attract a younger generation of users. Yahoo has been criticized for making big acquisitions that have not always reaped lasting returns. Under CEO Marissa Mayer, the Internet search company has snapped up numerous small startups in recent months, hoping to gain an edge in mobile, bring new talent on board and improve existing services. ...

KHOBAR, Saudi Arabia (Reuters) - State-run Saudi Aramco has awarded Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported. The world's top oil exporter is boosting its output of the natural gas needed to meet rapidly rising domestic power demand and supply raw materials to its strategically important petrochemical industry. ...

Reuters Market Eye - Barclays Capital now expects another 75 bps of rate cuts over the rest of 2013 versus its previous call of 25 bps in easing due to slowing inflation and weakening economic growth. BarCap says in a note it sticks to its call the RBI will cut interest rates by 25 bps in June, but expects 50 bps in additional cuts over the rest of 2013. The investment bank also marginally lowers its current fiscal year GDP forecast to 6 percent from 6.2 percent to reflect recent disappointment in economic activity. ...

By Eric Kelsey LOS ANGELES (Reuters) - Ray Manzarek, a founding member and keyboardist of 1960s rock group The Doors, died on Monday at a medical clinic in Germany at age 74 following a battle with cancer, the group's manager Tom Vitorino said. Manzarek, who lived in Northern California's Napa Valley wine country for the past decade, had been seeking treatment in Germany for bile duct cancer, Vitorino said. He died in Rosenheim, Germany, surrounded by his wife and brothers. ...

Reuters Market Eye - The BSE Sensex falls 0.06 percent while the broader Nifty is down 0.2 percent, heading for a second day of decline. Analysts said some consolidation was due for domestic markets after the BSE Sensex rallied about 11 percent since mid-April due to strong foreign inflows. Shares are tracking mild falls in Asian shares ahead of the minutes of the U.S. Federal Reserve's last meeting. Maruti Suzuki India Ltd falls 1.3 percent on profit-booking after hitting its all-time high of 1,774.40 rupees on Monday. Divi's Laboratories Ltd slumps 6. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

Buenos Aires, May 21 (IANS/EFE) Gen. Rafael Videla, the emblematic figure of the military junta that ruled Argentina from 1976-83, died of a heart attack resulting from injuries and broken bones he suffered five days earlier when he fell in the shower, judicial sources told the official Telam news agency.

New Delhi, May 21 (IANS) Dresses, gowns, kaftans, pants, skirts and lingerie... for all those mothers-to-be who want to look hip and relaxed and keep their fashion quotient high, there's plenty to choose from. But comfort must be key, warn experts.

New Delhi, May 21 (IANS) The parliamentary board of the Bhartiya Janata Party (BJP) is meeting here Tuesday to chart out the strategy for the 2014 general elections.

Beijing, May 21 (IANS) Premier Li Keqiang's visit to India will contribute to regional economic development and integration, a Chinese daily said Tuesday.

Washington, May 21 (IANS) US Secretary of State John Kerry has expressed concern at global problems of discrimination and violence against religious groups, including Baha'is, Buddhists, Hindus, Jews, Christians, Muslims, and Sikhs besides increasing use of blasphemy and apostasy laws.

Mexico City, May 21 (IANS/EFE) Economic activity associated with tourism grew 4 percent in 2012 compared with the year before, Mexico's INEGI statistics service said.

New Delhi, May 21 (IANS) Former Ranji player Baburao Yadav is the latest to be arrested for spot fixing in the Indian Premier League, Delhi Police said Tuesday.

Asuncion, May 21 (IANS/EFE) Paraguay has become the main destination in South America for used cars from Japan, the US and other countries, thanks to new regulations aimed at making it easier to import automobiles so low-income consumers can purchase vehicles.

Washington, May 21 (IANS) A devastating tornado in the Oklahoma City suburbs in southcentral US, that has killed at least 51 people, including seven children at an elementary school, was second only to one in May 1999 in its fury.

New Delhi, May 21 (IANS) Hardly anyone doubts the power of prayer and almost everyone has a turnaround tale - maybe personal, or of someone else's - that credits the "miracle" to a prayer. Now while science and spirituality may not always see eye to eye, holistic treatment is now finding greater acceptance, and spirituality, among everything else, is recommended by doctors as part of the healing process.

Cannes (France), May 21 (IANS/EFE) Teenage girls went wild when singer and actor Justin Timberlake stepped onto the red carpet at Cannes as part of the team that made the Coen brothers' movie "Inside Llewyn Davis".

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.

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.