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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. ...

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)

REUTERS - Manchester United manager Alex Ferguson capped his final season in charge of the English Premier League champions by clinching the League Managers' Association Manager of the Year award for the fourth time on Monday. The 71-year-old Scot's unparallelled success in British soccer ended on Sunday with a remarkable 5-5 draw against West Bromwich Albion. "In a way I am glad it is all over now because it has been hard work," Ferguson told the BBC. "It has been overwhelming. "The club has been fantastic and congratulations to West Brom with the way they handled yesterday (Sunday). ...

By Patrick Temple-West and Poornima Gupta WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday. ...

WASHINGTON (Reuters) - President Barack Obama and Chinese President Xi Jinping will hold their first meeting since Xi became president in March when they sit down for a June 7-8 summit in Rancho Mirage, California, the White House announced on Monday. The two leaders are likely to discuss ways to apply pressure on North Korea to give up its nuclear weapons program after a period of bellicose rhetoric and threats from Pyongyang. The United States also has concerns about cyber attacks it says are emanating from China. ...

By Lindsay Morris TULSA, Oklahoma (Reuters) - A huge tornado with winds of up to 200 miles per hour (320 kph) tore through the Oklahoma City suburb of Moore on Monday, ripping up at least two schools and leaving a wake of tangled wreckage as a dangerous storm system threatened as many as 10 U.S. states. Television video showed tracts of homes destroyed, cars tossed about and piled atop one another, and at least one building on fire. ...

By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (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 users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. ...

By Andrew Osborn LONDON (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 of growing strains on his leadership and his coalition government. Almost 40 percent of Cameron's 303 lawmakers in the lower house of parliament voted for an ultimately unsuccessful amendment that would have allowed registrars to refuse to perform gay marriage ceremonies if they objected. ...

By Kim Dixon WASHINGTON (Reuters) - Two senior aides to President Barack Obama knew weeks ago about a watchdog report on the U.S. Internal Revenue Service targeting of conservative groups, a spokesman said on Monday, shifting the focus to the White House in a fast-moving controversy. White House Counsel Kathryn Ruemmler was told on April 24 about an upcoming report by the Treasury's Inspector General for Tax Administration (TIGTA) on the IRS practice, which an IRS official apologized for on May 10, triggering the controversy. ...

By Paul Eckert WASHINGTON (Reuters) - President Barack Obama urged the president of Myanmar on Monday to take steps to halt violence against Muslims in his country and move ahead with economic and political reforms. Thein Sein became the first head of Myanmar to visit the White House in 47 years, and he and Obama sat down for talks in the Oval Office. Obama said the Myanmar leader had assured him that he intends to move forward on releasing more political prisoners and institutionalizing political reforms that have already taken place. ...

REUTERS - Jose Mourinho will leave Real Madrid at the end of the season having once again produced some golden quotes. Here are some of the Portuguese coach's most memorable utterances over the years as well as what others have said about him. WHILE PORTO COACH: "The only thing that I want to say is that we are the best ones and in normal conditions we are more than the best ones. In normal conditions we will be champions. In abnormal conditions we also will be champions." AFTER BEING APPOINTED AT CHELSEA: "Please don't call me arrogant, but I'm European champion and I think I'm a special one. ...

By Khaled Yacoub Oweis and Dominic Evans AMMAN/BEIRUT (Reuters) - Lebanese Hezbollah guerrillas have fought their biggest battle yet for Syria's beleaguered president, prompting international alarm that the civil war may spread and an urgent call for restraint from the United States. About 30 Hezbollah fighters were killed on Sunday, Syrian activists said, along with 20 Syrian troops and militiamen loyal to President Bashar al-Assad during the fiercest fighting this year in the rebel stronghold of Qusair, near the Lebanon border. ...

By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices. In prepared testimony released by the company and submitted ahead of Apple Chief Executive Tim Cook's hearing on Tuesday before the Senate Permanent Subcommittee on Investigations, Apple denied it employed "tax gimmicks" like using Cayman Islands bank accounts or shifting intellectual property abroad. ...

Moscow, May 21 (IANS/RIA Novosti) Russia will need three to five years to exit stagnation and build an efficient economy, former finance minister Alexei Kudrin has said.

Washington, May 21 (IANS) A gigantic tornado Monday ripped through a suburb of Oklahoma City in the US , destroying a school, sparking fires and flattening homes across whole neighbourhoods.

London, May 21 (IANS) Actor Daniel Radcliffe, who battled alcohol addiction once, says he often comes across drunk people who are comfortable sharing their problems with him.

London, May 21 (IANS) British Prime Minister David Cameron has called for joint effort to tackle tax evasion and aggressive tax avoidance weeks ahead of the Group 8 Summit.

Los Angeles, May 21 (IANS) Singer Britney Spears is facing criticism for allow­ing her 6-year-old son Jayden to play with a large toy gun.

London, May 21 (IANS) Singer Leona Lewis says she would prefer to adopt a child in future rather than having any of her own.

New Delhi, May 20 (IANS) The Cellular Operators Association of India (COAI) Monday said that cell phone towers in the city were not illegal and that radiation from them doesn't affect health adversely.

New Delhi, May 20 (IANS) Miffed over the performance of its eight zonal in charges, including two central ministers, in politically crucial Uttar Pradesh, the Congress appointed a new team Monday.

Jammu, May 20 (IANS) Jammu and Kashmir's ruling coalition partners National Conference (NC) and Congress sparred over relief to earthquake victims in Doda and Kishtwar districts of the Chenab valley, with leaders of both parties making charges and counter charges against each other.

New Delhi, May 20 (IANS) A 17-year-old girl was kidnapped and gang-raped here by three people, including two neighbours, after giving her sedatives, police said Monday.

Lucknow, May 20 (IANS) An FIR was Monday registered here against social networking site Facebook on a complaint that claimed a group on the site exhorts people to slaughter cows, police said.

New Delhi, May 20 (IANS) A cash van guard suffered a bullet injury in an accidental fire from his single barrel gun here Monday evening, police said.

New Delhi, May 20 (IANS) A fast track Delhi court hearing the Dec 16, 2012, gang-rape case Monday dismissed the pleas of two accused seeking permission to undergo lie detector tests and also to subject the victim's male friend to a similar test.