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Annapolis vendors get chance for space at Market House
Entrepreneurs finally have the chance to get into Annapolis? historic Market House. The city is searching for regional and local businesses for its planned fall opening of the 19th-century downtown market this fall. It has eight vendor stalls and four small kiosks available for leases. Vendor spaces may be combined to create a larger space. Rent will be based on a percentage of gross revenues above a floor amount established for each vendor stall and kiosk. ?I am thrilled that we are on track...
21 May 2012 at 9:29am

Yahoo sells half of Alibaba stake back for $7.1B
Interim Yahoo CEO Ross Levinsohn is going to get billions of dollars to help his turnaround efforts. Yahoo on Sunday night announced a deal to sell half its stake in Chinese Internet giant Alibaba Group Holding for $6.3 billion in cash and $800 million in new stock. UBS Investment Bank was the lead financial adviser to Yahoo. Allen & Company and Goldman Sachs also acted as financial advisers. Skadden, Arps, Slate, Meagher & Flom was lead legal counsel to Yahoo and Weil, Gotshal & Manges also acted...
21 May 2012 at 9:25am

Facebook watched closely after tepid Nasdaq debut
Last week was a big week for Facebook CEO Mark Zuckerberg, starting with his 28th birthday on Monday, making billions on the biggest tech IPO in history on Thursday and getting married to long-time girlfriend Priscilla Chan on Saturday. That would be enough status updates for a long time for most on Zuckerberg's social network. But now he runs a public company and all investors want to know is where Facebook's new stock is headed.
21 May 2012 at 9:25am

Facebook, other social stocks, dive Monday
The Facebook Flu appears to be continuing, with the social networking company's stock dropping well below its initial public offering price of $38. Pessimism about Facebook IPO spread to other social media companies, as well, just as it did on Friday. The Menlo Park company's stock was trading close to $33, while LinkedIn was down about 6 percent, Zynga was down more than 6 percent and Groupon was down about 3 percent.
21 May 2012 at 9:25am

AnchorFree gets $52M in Series C funding
AnchorFree said it has raised $52 million in Series C funding. The round was led by Goldman Sachs. The Mountain View-based private company specializes in consumer security and Internet freedom with a privacy, security and Web access tool called Hotspot Shield. The company plans to use the funding to provide the Hotspot Shield application to a target market of 1.6 billion Internet users.
21 May 2012 at 9:25am

Former Yahoo CEO resigns from board at F5 Networks
Former Yahoo Inc. CEO Scott Thompson has stepped down from the board of directors of F5 Networks Inc., according to a regulatory filing with the U.S. Securities and Exchange Commission. The Seattle-based company (NASDAQ:FFIV), with offices in San Jose, announced the news Friday in a filing and said the announcement was effective immediately. The company specializes in application delivery networking. Thompson resigned from his post as CEO last week, telling the board at Yahoo he was diagnosed with...
21 May 2012 at 9:25am

TiE connects entrepreneurs from Hong Kong to Santa Clara
When I was in Hong Kong a few weeks ago on vacation, I ran into Iain Reed, a veteran in financial research and an entrepreneur whose company creates financial data management software, writes Shana Lynch on Silicon Valley BizBlog. Over dinner with a few friends, he mentioned he was starting Southeast Asia's TiE chapter and would be at the global TiE conference, May 18-19 in Santa Clara. Fast forward a few weeks, and I met up with him at the opening night reception with some of his other charter...
21 May 2012 at 9:25am

EveryoneSolar seeking investors for solar hot water market
If you're interested in solar hot water heating for your home or small business, solar water heating startup EveryoneSolar has a unique technology that is picking up interest, with five permits under way and a growing U.S. market opportunity. The company hopes to install more than 350 systems in 2012. Its competition comes from primarily outside the San Francisco Bay Area, companies such as Greenwood, S.C.-based Velux America, which has a solar hot water division, and Fontana, Calif.-based SunEarth,...
21 May 2012 at 9:25am

Business Journal wins 12 Journalism Awards
The Silicon Valley/San Jose Business Journal won 12 awards at the 35th annual Greater Bay Area Journalism Awards given by the San Francisco Peninsula Press Club Saturday night. The Business Journal awards were in the non-daily newspaper category and the broadband category. The paper won five First Place awards, four Second Place awards and three Third Place awards. The paper won one of only two overall excellence awards for broadband journalism in a competition in which all print media in the...
21 May 2012 at 9:25am

iPierian hires Conley as new VP, research
iPierian said it has hired Pamela Conley as its vice president of research. The South San Francisco-based biopharmaceutical company specializes in therapies for neurodegenerative diseases. The company said Conley will be in charge of iPierian's emerging drug development pipeline for therapeutics to treat neurodegenerative diseases, as well as a stem cell platform, which provides insight for novel therapeutic targets or mechanisms of disease.
21 May 2012 at 9:25am


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Wall Street edges up but Facebook's decline weighs

NEW YORK (Reuters) - Stocks edged up on Monday from their worst weekly decline for the year as world leaders expressed support for Greece to stay in the euro zone, but gains were limited as shares of Facebook dropped more than 13 percent shortly after the open. Facebook Inc's shares fell below their $38 issue price as support from underwriters of the initial public offering dissipated after its Friday debut. The stock dropped over $5 to hit a session low of $33.00 in early trading. ...

21 May 2012 at 9:13am

Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries for $11.8 billion in cash and stock, paying a 29 percent premium to broaden its services to the electrical industry. Eaton, announcing the deal on Monday, also said it would reincorporate in Ireland, where Cooper is based. Eaton will pay $72 per share for the acquisition: $39.15 in cash and 0.77479 share for each Cooper share. Cooper shares rose nearly 25 percent to $69.77 in morning trading, while Eaton was down 0.8 percent at $42.08. ...
21 May 2012 at 9:10am

Barclays to sell $6.1 billion BlackRock stake

LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $13.5 billion purchase of Barclays Global Investors, but Basel III regulations mean banks have to hold more capital against minority stakes in asset managers and other firms, making it less profitable. ...

21 May 2012 at 7:35am

JPMorgan stops buybacks while reducing bad trades

NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday that the bank had suspended repurchases of its stock, but is maintaining its dividend, while working down losing trades in credit derivatives. Shares of JPMorgan were down 1 percent at $33.13 in morning trading after Dimon started speaking at the Deutsche Bank Securities Global Financial Services Investor Conference in New York. The bank announced on May 10 that it had lost at least $2 billion mishandling a portfolio of credit derivatives. JPMorgan won permission from the U.S. ...

21 May 2012 at 9:20am

Lowe's cuts profit outlook; shares fall

(Reuters) - Lowe's Cos Inc , the world's No. 2 home improvement chain, cut its fiscal-year earnings outlook and said demand slowed toward the end of the traditionally strong first quarter, sending its shares down nearly 10 percent. Lowe's forecast came just days after larger rival Home Depot Inc missed Wall Street's quarterly sales estimates as demand weakened in April following a jump in home improvement projects earlier in the year because of a warm winter. ...

21 May 2012 at 8:58am

Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...

21 May 2012 at 9:11am

Rajat Gupta faces jury in insider trading case

NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison. ...

21 May 2012 at 9:08am

Facebook sinks on first day without underwriter support

(Reuters) - Facebook stock sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday afternoon. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market. Without that same level of defense, its shares fell $4.64 to $33. ...

21 May 2012 at 9:11am

Euro zone needs growth and austerity: ECB's Asmussen

BERLIN (Reuters) - Europe's fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed that the ECB's non-standard measures - introduced to fight the debt crisis - were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits. ...

21 May 2012 at 8:41am

Spain to slump further but will hit deficit goal

MADRID (Reuters) - Spain said on Monday it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter. Economy Minister Luis de Guindos said economic activity would likely slump by another 0.3 percent between April and June, further fuelling doubts about the country's ability to get a grip on in its finances and nurse an ailing banking sector back to health. ...

21 May 2012 at 7:19am

Nasdaq alters IPO procedures after Facebook glitch

NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc's market debut at the end of last week that prevented some traders from knowing for hours whether their orders for shares had been completed. The exchange operator said in a note to traders that modifications to its IPO and halt cross application would prevent the problems that occurred on Friday from recurring. (Reporting By John McCrank; Editing by Gerald E. McCormick)

21 May 2012 at 8:06am

Houghton Mifflin files Chapter 11 bankruptcy
(Reuters) - Houghton Mifflin Harcourt Publishers Inc filed for bankruptcy protection on Monday after the textbook publisher reached agreement with a majority of its creditors to cut about $3.1 billion of debt. The Boston-based company and two dozen affiliates filed for Chapter 11 protection in U.S. bankruptcy court in Manhattan. It said it had more than $1 billion in both assets and liabilities. Houghton Mifflin has struggled as state and local governments cut spending, reducing demand for textbooks for students from kindergarten to 12th grade, Moody's Investors Service has said. ...
21 May 2012 at 8:39am

Apple,Samsung CEOs in U.S. court talks over patent row

SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung have been instructed by a federal judge to appear for mediation in San Francisco to help resolve the bitter patent litigation between the two firms. The U.S. ...

21 May 2012 at 2:13am

EU offers Google last chance in antitrust case

BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine. Even if the world's most popular search engine offers concessions to resolve the issue, it will still be under the EU spotlight following fresh complaints over its Android mobile software, the top operating system for Internet-enabled smartphones. ...

21 May 2012 at 8:23am

Ex-Yahoo CEO Thompson resigns from Splunk board
(Reuters) - Data analytics software maker Splunk Inc said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective May 18. "In regard to recent health issues, we wish Scott all the best for a fast and full recovery," Splunk Chief Executive Godfrey Sullivan said in a statement. Thompson, who had joined Splunk's board in October, was reported to have been diagnosed with thyroid cancer. Thompson stepped down as Yahoo chief last week, 10 days after activist investor Daniel Loeb accused him of padding his biography by faking a computer science degree. ...
21 May 2012 at 7:07am

Shares steady near lows, investors fear Greece

LONDON (Reuters) - European shares and the euro steadied near their lows for the year on Monday as investor fears that Greece could leave the euro were partly countered by promises from China and the Group of Eight leaders at the weekend to support growth. The FTSE Eurofirst index of top European shares was around 0.4 percent higher at 974.03 points after losing 5.1 percent last week to reach its lowest level of the year. ...

21 May 2012 at 4:45am

Analysis: China eschews fiscal fanfare for supportive spending
BEIJING (Reuters) - China's focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want. With domestic activity stifled by government curbs on real-estate speculation, the potential damage to demand for China's factory products from a deeper European debt crisis seems a logical justification for a spending splurge. "Maybe it would be easier for China if there were another global financial crisis. ...
21 May 2012 at 3:56am

Opel CEO faces workers over possible plant closure

FRANKFURT, Germany (Reuters) - The head of General Motors unit Opel sought to allay workers' fears that the automaker plans to shut one of its four German plants as it pulls production of the Astra, its best-selling model, from the country. Opel Chief Executive Karl-Friedrich Stracke is under pressure from GM to end heavy losses at the U.S. carmaker's German arm by shifting production to countries with lower labor costs. Stracke told workers in Bochum on Monday that no decision has been made on their plant's future beyond 2014. ...

21 May 2012 at 3:01am

DaVita eyes new markets with $4.4 billion Healthcare deal
(Reuters) - DaVita Inc , the biggest U.S. operator of dialysis clinics, has agreed to buy privately-held HealthCare Partners for about $4.42 billion in cash and stock to expand into new markets to help offset potential revenue pressures in its main business. HealthCare Partners, based in Torrance, California, runs medical groups and physician networks in Southern California, Central Florida, and Southern Nevada. Its revenues in 2011 were about $2.4 billion. The company provides its services to more than 667,000 patients and has total care dollars under management of about $3. ...
21 May 2012 at 4:53am

Nasdaq to revamp system after tech problems on Facebook IPO: WSJ

(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...

20 May 2012 at 9:46pm

Qantas to cut another 500 maintenance jobs

MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Qantas, which is emerging from a costly industrial dispute, said in statement it will stop heavy maintenance in Tullamarine in Melbourne and concentrate on centers in Brisbane and Avalon, resulting in the job cuts. It had, in February, flagged another 500 job cuts for the group. ...

20 May 2012 at 10:33pm

Wall Street Week Ahead: Market is oversold, but major signs say "sell"

NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...

20 May 2012 at 9:29am

G8 growth talk leaves wary markets awaiting action

(Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. The Group of Eight economies stressed on Saturday that their "imperative is to promote growth and jobs", as they also recognized problems among European banks and gave verbal backing for Greece to stay in the euro. Still, despite U.S. calls for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt ...

20 May 2012 at 6:48pm

Australia to seal trade deal with Malaysia
CANBERRA (Reuters) - Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners. Australia is still negotiating free trade deals with South Korea, Japan and China, with progress in reaching agreement with Beijing and Tokyo slow. The deal with Malaysia, which will be Australia's sixth FTA, will be signed in Kuala Lumpur, said a spokesman for Australian Trade Minister Craig Emerson. ...
20 May 2012 at 7:53pm

Apple, Samsung CEOs set for court talks

SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday. Apple's Tim Cook and Samsung's Choi Gee-sung, whose companies are embroiled in bitter patent litigation, have been instructed by a federal judge to appear for court-supervised mediation. A joint court filing in April said that "as directed by the Court, Apple and Samsung are both willing to participate" in the discussions. ...

20 May 2012 at 4:53pm

Euro zone row gets fat pay rise for German workers
BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. Germany's largest industrial union IG Metall agreed to a 4.3-percent pay rise from employers just before dawn on Saturday -- giving the 3.6 million car and engineering industry workers their biggest wage increase since a 5.4 percent deal in 1992. The eye-catching 4. ...
20 May 2012 at 10:25am

Facebook shares could fall below IPO price: Barron's

(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition. Facebook saw its shares rise a scant 0.6 percent to $38.23 on Friday in the first day of trading. The stock stayed above the $38 IPO price, supported in the market by the deal's underwriters. But Barron's said the "big question" this week will be whether they continue to do so. ...

20 May 2012 at 11:19am

U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
WASHINGTON (Reuters) - U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. "I don't believe there's anything in Dodd-Frank (financial reform law) that would've prevented this activity at JPMorgan," said Boehner, the top Republican U.S. officeholder. He made the comments Friday in an interview for ABC's "This Week. ...
20 May 2012 at 10:23am

Weaker euro zone nations need more support from core: UK
LONDON (Reuters) - The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. The future of Europe's 17-country single currency bloc is under threat from a political stalemate in Greece, which could lead to its departure from the monetary union at unknown costs to the financial system and global economic stability. ...
20 May 2012 at 7:01am

Facebook stock seen facing crucial week after modest debut

NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Facebook on Friday sold 421 million shares of stock in a deal that valued the company at more than $100 billion. But investors, expecting a first-day pop in price, instead saw it close just 0.6 percent above the IPO price at $38.23. ...

20 May 2012 at 6:57pm

Spain Minister: Bankia needs to bolster defenses
Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as ?7.5 billion ($9.56 billion), the country's economy minister said Monday.
21 May 2012 at 9:18am

JPMorgan suspends stock repurchase plans
JPMorgan Chase CEO Jamie Dimon says the bank is suspending plans to buy back its own stock.
21 May 2012 at 9:18am

Where are Facebook's friends? Stock down after IPO
Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.
21 May 2012 at 9:15am

Markets inch up after G-8 vague on Europe fix

Global stocks rose modestly on Monday, though gains were limited by concerns that leaders from the Group of Eight most powerful countries had failed to provide a concrete plan to ease the eurozone debt crisis.

21 May 2012 at 9:13am

Eaton buying Cooper Industries in $11.46B deal
Diversified manufacturer Eaton Corp. is buying Irish electrical equipment supplier Cooper Industries PLC in a cash-and-stock deal valued at about $11.46 billion.
21 May 2012 at 8:53am

Spain: no need for European funds to help banks
Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as ?7.5 billion ($9.56 billion), the economy minister said Monday.
21 May 2012 at 8:42am

Stocks open higher on Wall Street; Facebook falls

Stocks are opening higher on Wall Street after a new survey suggested that economists are more optimistic about housing and employment. Facebook slid below its initial offering price.

21 May 2012 at 8:42am

EU gives Google 'weeks' to ease antitrust concerns
The European Union said on Monday that Google Inc. must in "a matter of weeks" outline steps it is willing to take to ease concerns about alleged abuses of its dominant position in the online search market.
21 May 2012 at 8:39am

Ditch euro? Many Greeks already are

People in this central Greek city are rejecting the euro before it rejects them.

21 May 2012 at 8:34am

Where are Facebook friends? Stock sinks on 2nd day
Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.
21 May 2012 at 8:34am

Globalization Spurs Steel Mill
By copying practices at a modern Belgian mill, U.S. workers are learning to make the same amount of steel with nearly half the people employed three decades ago.
21 May 2012 at 8:53am

Facebook Shares Plummet on Day 2
Shares in Facebook plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public.
21 May 2012 at 9:30am

Cable Firms Share Wi-Fi Hot Spots
Comcast, Time Warner and three other large cable operators agreed to give customers access to each other's wireless Internet hot spots.
21 May 2012 at 9:22am

Eaton to Buy Cooper Industries
Eaton agreed to buy Cooper Industries in an $11.8 billion cash-and-stock deal that would significantly expand Eaton's power business.
21 May 2012 at 9:19am

Lowe's Posts Tepid Sales
Lowe's fiscal first-quarter earnings rose 14% on a calendar shift and unusually warm weather but the retailer slightly lowered its full-year earnings outlook and warned that weather might have pulled sales forward.
21 May 2012 at 9:32am

Barclays to Sell Entire BlackRock Stake
Barclays said that it intends to sell its $6.1 billion stake in BlackRock, as the U.K. lender seeks to redeploy cash to boost its profitability and offset the effects of impending regulation.
21 May 2012 at 8:54am

Risk Manager's Past Scrutinized
An executive who oversaw risk management at the unit that made trading blunders that have cost J.P. Morgan Chase & Co. at least $2 billion this year earlier lost millions while trading for the unit.
21 May 2012 at 4:16am

Yahoo in Deal on Alibaba Stake
Yahoo struck a deal to sell up to half of its stake in Alibaba Group Holding back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship that had recently soured.
21 May 2012 at 5:32am

EU Presses Google on Antitrust Issues
The European Commission said it would offer Google the chance to offer remedies against antitrust complaints brought by more than a dozen companies, including Microsoft.
21 May 2012 at 9:14am

Gestures Control Computers
The race is on to liberate computer users from the mouse. Some technology innovators are developing ways in which hand gestures can be used to control computers.
21 May 2012 at 8:38am

Midwest Closes a Cost Gap
The Midwest has largely closed the cost gap in competing for companies with the South, traditionally the nation's cheapest region in which to do business.
20 May 2012 at 10:15pm

China's Wanda to Buy AMC
Chinese property conglomerate Dalian Wanda Group will acquire U.S. movie theater chain AMC Entertainment in a deal worth about $2.6 billion.
21 May 2012 at 8:52am

Qantas to Cut 500 Jobs
Qantas said it will terminate 500 engineering jobs as part of a wider effort to stem losses at its international-flights unit.
21 May 2012 at 8:40am

SpaceX Acts Fast for New Launch
Space Exploration Technologies, reacting quickly to an aborted mission to the international space station, intends to launch again after swapping out a faulty part.
21 May 2012 at 3:28am

Critics: Chesapeake Books Obscure Costs
As investors struggle to assess the health of embattled natural-gas producer Chesapeake Energy Corp., some say they are facing an obstacle: the company's accounting.
21 May 2012 at 2:27am

Pest Attack Threatens Indian Coffee
An extended dry spell in India's main coffee growing regions has promoted the spread of a crop pest, which is threatening next marketing year's output.
21 May 2012 at 6:16am

Samsung, Apple to Sit at the Table
Chief executives of Apple and Samsung Electronics will meet in Monday in a court-directed session aimed at settling their smartphone patent war. But a deal seems unlikely.
21 May 2012 at 8:59am

Hulu to Launch New Summer Shows
Online video service Hulu is looking to turn up the heat with its new summer programming that will premiere three original series and seven exclusively licensed TV shows previously unavailable to U.S. audiences.
20 May 2012 at 7:02pm

Fiat Plans for India
Fiat is planning a major product offensive in India -- bringing in brands including Chrysler's Jeep and Dodge -- as it attempts to catch up with well-entrenched players such as Suzuki, Volkswagen and Toyota.
21 May 2012 at 6:22am

Hollywood Gears Up for Summer
Hollywood is hoping that Friday's opening of "Men In Black 3" will kick off a lucrative summer at the box office, a season that got going early with the tremendous success of "The Avengers."
21 May 2012 at 1:20am

TV Embraces Its Dark Side
Taking a cue from cable channels, broadcast networks are putting dark, edgier dramas on their new fall lineups. But there is no guarantee the mass audiences that tune into broadcast networks?or their advertisers?will be as enthusiastic.
20 May 2012 at 10:18pm

Man Group Makes Hedge-Fund Buy
U.K.-listed hedge-fund operator Man Group will acquire Financial Risk Management Holdings, a hedge-fund research and investment specialist, with funds under management of approximately $8 billion.
21 May 2012 at 4:14am

Fuel Costs to Pinch Ryanair
Ryanair warned earnings will fall sharply this year as it becomes harder to offset high fuel costs with fare increases, as the carrier posted a better-than-expected 50% jump in profit.
21 May 2012 at 9:33am

Thai Airways Dismisses President
Thai Airways International dismissed its president in what analysts said was a politically motivated move that could dampen the outlook for the flag carrier already being hit by high fuel prices and weak demand
21 May 2012 at 6:50am

Facebook Debut May Hurt Social-Media IPOs
Facebook's disappointing public trading debut could have a ripple effect on everything from IPO valuations to venture-capital funding in the months ahead, especially in anything related to social media.
20 May 2012 at 11:07pm

Adani Enterprises' Profit Slumps 67%
Adani Enterprises posted a second straight fall in quarterly net profit as its power business continued to suffer from high fuel costs due to local shortages.
21 May 2012 at 4:43am

Europe's Banks Fear Flight of Deposits
The European Continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
21 May 2012 at 9:01am

Launch Aborted Over Faulty Valve
Space Exploration Technologies said a faulty engine valve was the culprit behind Saturday's aborted launch of the first private spacecraft aiming to dock with the international space station.
19 May 2012 at 8:36pm

TomTom Seeks New Direction
The company, largely seen as satnav maker, is trying to reposition itself as a mapping software and services provider
20 May 2012 at 9:17pm

China Clears Google to Buy Motorola Mobility
Chinese antitrust authorities required Google to keep its Android mobile-device software available to manufacturers as part of its approval of the Internet search company's purchase of Motorola Mobility Holdings.
21 May 2012 at 5:56am

Saudi Oil Output Surpasses Russia
Oil production in Saudi Arabia rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world's largest producer for the first time in six years.
20 May 2012 at 12:02pm

For Partners at Failed Firms, a Bumpy Road Awaits
For many attorneys, a law-firm partnership provides a life of steady—and significant—income flow. But for partners who work at firms that fail, the road can be much bumpier.

21 May 2012 at 9:09am

The AM Roundup: Gupta Trial, Lawyers Like Doctors, More
Law Blog rounds up the morning's news.

21 May 2012 at 8:21am

Legal Events to Watch This Week
The trial of Rajat Gupta, an ex-director at Goldman Sachs Group Inc. accused of insider trading, begins Monday.

21 May 2012 at 7:32am

Feds Prevail in Spat with Former Acting Solicitor General
The Justice Department has won its bid to bar former acting Solicitor General Neal Katyal from representing an electronics executive seeking to overturn his conviction in an important criminal price-fixing case.

20 May 2012 at 9:33am

Dewey & LeBoeuf Readies Bankruptcy Filing
New York law firm Dewey & LeBoeuf LLP is readying a possible bankruptcy-protection filing for sometime in the next several weeks, said people familiar with the matter, a move that would initiate official liquidation of the beleaguered institution.

18 May 2012 at 3:06pm

Watchdog Asks Judge to Uproot Pot Grower’s Bankruptcy
The feds are burned out with a medical marijuana grower that it suspects isn’t quite taking its bankruptcy case seriously.

18 May 2012 at 2:37pm

D.C. Circuit Rejects Challenge to Voting Rights Act
The U.S. Court of Appeals for the D.C. Circuit today upheld the constitutionality of Section 5 of the Voting Rights Act -- the one that requires states deemed to have historically suppressed minority votes to get approval from the Justice Department or a three-judge panel before changing voting procedures.

18 May 2012 at 1:03pm

Lawyer Ads: Funny or Die?
Check out the seven funniest lawyer ads Martindale could find on YouTube.

18 May 2012 at 10:54am

The IPO that Everyone Is Talking about. . .
The company filed for an IPO with the SEC last week that could raise as much as $120 million.

18 May 2012 at 10:13am

The AM Roundup: Uncivil Fight, Breyer?s Bad Luck, More
Law Blog rounds up the morning's news.

18 May 2012 at 7:36am

Document Dump: George Zimmerman Discovery File
Authorities in Florida have released hundred of pages of evidence, audio recordings and photos in connection with the prosecution of George Zimmerman in the shooting death of Trayvon Martin

17 May 2012 at 7:02pm

In Class-of-One Case, Seventh Circuit Splits in Three
What happens when a federal appeals court, reviewing a case en banc, votes 5-5? It takes a majority to reverse a lower court's ruling, so the win goes to the appellee. It's a rare thing, the en banc tie, and it's even rarer that judges issue opinions in a deadlock, but that's what happened today in the Chicago-based U.S. Court of Appeals for the Seventh Circuit.

17 May 2012 at 3:42pm

Potential Witnesses Revealed in Gupta Case
The upcoming insider-trading trial of Rajat Gupta, a former director at Goldman Sachs Group Inc. and Procter & Gamble Co., could be quite the affair. Several corporate titans are among the potential witnesses.

17 May 2012 at 11:58am

Rakoff Dismisses Copyright Claims against Westlaw, Lexis
On Wednesday, U.S. District Judge Jed Rakoff in Manhattan threw out copyright infringement claims brought by lawyers who say LexisNexis and Westlaw are stealing the works of lawyers.

17 May 2012 at 11:45am

The AM Roundup: Edwards, Clemens, Gupta, CDO Probe, More
Law Blog rounds up the morning's news.

17 May 2012 at 8:01am

Prosecutors Seek to Overturn Judge?s ?Book Report? Order
iStock Otis Mobley Jr., a 23-year-old from the San Francisco Bay Area, faces charges that could put him away for a long time, including assault on a federal agent.Prosecutors say he orchestrated a bogus deal to sell a grenade launcher in the parking lot of a Chevy's restaurant in Richmond, Calif. Rather than hock a large weapon, Mr. Mobley, his 18-year-old cousin and an associate tried to rob the buyer of $1,000, according to prosecutors. The Justice Department . . . . .

16 May 2012 at 5:17pm

Gupta?s Lawyers Want To Highlight His Charity
Rajat Gupta's lawyers want to show at his insider-trading trial next week that the former Goldman Sachs Group Inc. director is motivated by things other than money and introduce evidence of his charitable giving.

16 May 2012 at 5:01pm

And Then There Were None: Dewey?s Landgraf Exits
UPDATE: Apparently a few employees are still roaming the halls at Dewey & LeBoeuf LLP's Manhattan offices. Make that 100, to be precise. On Wednesday the firm amended its WARN (Worker Adjustment and Retraining Notification) filing with the New York state Department of Labor to reflect the following:  there are 533 total employees, not 433, as stated in the initial May 8 filing. All but one 100 are still out of a job, though. . .

16 May 2012 at 12:25pm

Survey Says Post-Recession Shifts Are Here to Stay
In the years since the 2008 financial downturn forced law firms to trim lawyers and discount services, one question has loomed large: will the changes be permanent? Unfortunately, yes, according to a new poll of law firm leaders out Wednesday from the consulting firm Altman Weil Inc.

16 May 2012 at 11:35am

Fired for a Sin or for a Blessing?
Jarretta Hamilton began teaching at Southland Christian School in St. Cloud, Fla., in 2008, got pregnant with her then-fiance, got married, was fired and filed a discrimination lawsuit.

16 May 2012 at 10:54am

Facebook Shares Day 2: Down 13% Early - Wall Street Journal

NEWS.com.au
Facebook Shares Day 2: Down 13% Early
Wall Street Journal
By DREW FITZGERALD NEW YORK?Facebook Inc. shares plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public. Facebook shares traded early Monday at $33.15, down 13%, or $5.08, ...
Facebook Shares Fall Below IPO Offering PriceCNBC.com
Facebook Shares Retreat Below IPO PriceFox Business
US STOCKS-Wall St set to rise, but Facebook weighs on sentimentReuters
Financial Times -San Francisco Chronicle -Washington Post
all 1,229 news articles »
21 May 2012 at 9:28am

Markets inch up after G-8 vague on Europe fix - The Associated Press

BBC News
Markets inch up after G-8 vague on Europe fix
The Associated Press
By NATALIYA VASILYEVA, AP Business Writer ? 1 minute ago MOSCOW (AP) ? Global stocks rose modestly on Monday, though gains were limited by concerns that leaders from the Group of Eight most powerful countries had failed to provide a concrete plan to ...
GLOBAL MARKETS-Shares edge higher but Greek fears lingerReuters
Eurobond clash set for EU summitMarketWatch
An exit by Greece would sorely test the eurozoneBoston.com
Chicago Tribune -CNBC.com -Christian Science Monitor
all 1,456 news articles »
21 May 2012 at 9:12am

US Stocks Look Past Facebook and Rise - Wall Street Journal

Wall Street Journal
US Stocks Look Past Facebook and Rise
Wall Street Journal
By MATT JARZEMSKY NEW YORK?US stocks opened higher, bouncing from a recent stretch of sharp declines, as broad gains in European markets helped soothe some fears about the euro zone and Greece. The Dow Jones Industrial Average futures climbed 38 points ...
US Stock Futures Rise In Tandem With EuropeNASDAQ
U.S. stock futures signal bounceMarketWatch
US STOCKS-Futures signal rebound, G8 assures investorsReuters
KHBS-KHOG Northwest Arkansas -San Francisco Chronicle
all 176 news articles »
21 May 2012 at 9:25am

Alibaba Buys Back $7.1 Billion Stake From Yahoo as IPO Looms - San Francisco ...

msnbc.com
Alibaba Buys Back $7.1 Billion Stake From Yahoo as IPO Looms
San Francisco Chronicle
(Updates shares in the 19th paragraph.) May 21 (Bloomberg) -- Alibaba Group Holding Ltd., China's largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from US Web portal Yahoo! Inc. for about $7.1 billion ahead of a ...
Yahoo To Return 'Substantially All' Alibaba Proceeds To ShareholdersNASDAQ
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billionmsnbc.com
Euro-zone pressure, Yahoo, Lowe's in focusMarketWatch
PCWorld -Chicago Sun-Times -The News Journal
all 1,030 news articles »
21 May 2012 at 9:21am

Chinese company buys AMC movie theater chain - USA TODAY

AFP
Chinese company buys AMC movie theater chain
USA TODAY
By Calum MacLeod, USA TODAY BEIJING ? The Chinese are coming ? to your local movie theater. With the fanfare from Superman, and toasts of red wine, representatives of Chinese company Wanda signed a deal in Beijing Monday morning to buy AMC, ...
Chinese Company to Buy Movie Theater Chain AMCTIME
China firm buys AMC to create cinema giantTurkish Press
China forms world's largest cinema group after buying AMCTelegraph.co.uk
TheCelebrityCafe.com -ABC News
all 472 news articles »
21 May 2012 at 7:46am

Eaton to Acquire Cooper Industries for $11.8 Billion - Wall Street Journal

Plain Dealer
Eaton to Acquire Cooper Industries for $11.8 Billion
Wall Street Journal
By MIA LAMAR Industrial manufacturer Eaton Corp. agreed to acquire electrical-equipment supplier Cooper Industries PLC in an $11.8 billion deal that would significantly expand its power business. The deal, which has been backed by both boards, ...
Eaton Buys Cooper in 2012's Biggest Industrial DealTheStreet.com
Eaton to buy Cooper in $11.8 bln cash, stock dealMarketWatch
Eaton buying Cooper Industries in cash-and-stock deal valued at about $11.46 ...Washington Post
New York Times -Bloomberg -Reuters
all 109 news articles »
21 May 2012 at 8:57am

US banks' earnings may fall on Europe woes - JMP - Reuters

Bloomberg
US banks' earnings may fall on Europe woes - JMP
Reuters
* Cuts JPMorgan, BofA, Citigroup to "market underperform" * Downgrades Goldman, Morgan Stanley to "market underperform" * Expects banks' share prices to suffer on Europe concerns May 21 (Reuters) - Large US banks, including JPMorgan Chase & Co, ...
JPMorgan CIO Risk Chief Had Trading-Loss HistoryBusinessWeek (blog)
Risk Manager's Past ScrutinizedWall Street Journal
JPMorgan CIO Risk Chief Said to Have Trading-Loss HistoryBloomberg
Business Insider -Financial News
all 17 news articles »
21 May 2012 at 3:36am

Gold prices to climb if Greece gets fixed - Christian Science Monitor

Christian Science Monitor
Gold prices to climb if Greece gets fixed
Christian Science Monitor
Gold prices fall when dollar strengthens, as it has during latest Greek crisis. Gold prices will recover when Greece's path is clear, says a gold expert. By Antonia van de Velde, CNBC.com / May 21, 2012 This 2008 file photo shows an employee displaying ...
Gold Extends Advance as Wen Comment Boosts StocksBloomberg
Gold Faces 'Significant Upside' from Euro Debt & US Fiscal CrisisResource Investor
Gold retreats as softer euro curbs reboundReuters
NASDAQ -Zawya (registration) -Trefis (subscription)
all 72 news articles »
21 May 2012 at 6:48am

Treasuries Erase Losses as Leaders Meet in Europe - BusinessWeek

Bloomberg
Treasuries Erase Losses as Leaders Meet in Europe
BusinessWeek
By Susanne Walker on May 21, 2012 Treasuries erased losses as German and French finance ministers meet before a summit of regional leaders to discuss ways to contain the European debt crisis, stoking demand for government debt.
US Treasurys Pull Back After Recent Rally, Ahead Of SupplyWall Street Journal
TREASURIES-US bonds fall after last week's rallyReuters
Where the Stock and Bond Bargains Are HidingSmartmoney.com
Clarksville Online
all 14 news articles »
21 May 2012 at 9:21am

Economists more upbeat about job growth, housing - Philadelphia Inquirer

Long Island Business News
Economists more upbeat about job growth, housing
Philadelphia Inquirer
AP NEW YORK - A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak. The National Association for Business Economists says in a report ...
US Job Growth Seen Accelerating in 2012, 2013: NABECNBC.com
Jobs Outlook in U.S. Improves for 2012, Economists SayBloomberg

all 136 news articles »
21 May 2012 at 9:13am

Spain Minister: Bankia needs to bolster defenses
Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as ?7.5 billion ($9.56 billion), the country's economy minister said Monday.
21 May 2012 at 9:18am

Where are Facebook's friends? Stock down after IPO
Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.
21 May 2012 at 9:15am

US, Suu Kyi agree Myanmar reforms fragile
Secretary of State Hillary Rodham Clinton and Myanmar democracy leader Aung San Suu Kyi have discussed the recent easing of U.S. sanctions and the need to protect against the country's backsliding on reforms, the State Department said Monday.
21 May 2012 at 9:15am

Markets inch up after G-8 vague on Europe fix

Global stocks rose modestly on Monday, though gains were limited by concerns that leaders from the Group of Eight most powerful countries had failed to provide a concrete plan to ease the eurozone debt crisis.

21 May 2012 at 9:13am

Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion

SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...

21 May 2012 at 9:11am

Facebook sinks on first day without underwriter support

(Reuters) - Facebook stock sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday afternoon. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market. Without that same level of defense, its shares fell $4.64 to $33. ...

21 May 2012 at 9:11am

Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources

SINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings , to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...

21 May 2012 at 9:10am

High court will take up wiretaps lawsuit
The Supreme Court says it will consider shutting down a legal challenge to a law that lets the United States eavesdrop on overseas communications.
21 May 2012 at 9:05am

Subdued Libyan funeral for Lockerbie bomber Megrahi

TRIPOLI (Reuters) - - The Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie was buried on Monday in a quiet family ceremony, ignored by most Libyans keen to forget the international controversy that surrounded Abdel Basset al-Megrahi in life. Megrahi, who always said he was not responsible for bringing down the jumbo jet on the Scottish town and killing 270 people, died in his bed in Tripoli on Sunday surrounded by family. His release from jail in 2009 caused controversy in Britain and the United States, where most victims were from. ...

21 May 2012 at 9:05am

Miss. prison quiet after riot; 1 dead, 19 hurt
Officials say a prison for illegal immigrants in Mississippi remains on lockdown after a riot that began on Sunday left one guard dead and at least 19 people injured.
21 May 2012 at 9:03am

Death toll in Yemen suicide bombing rises to 90

SANAA (Reuters) - A man with explosives strapped under his army uniform killed more than 90 people in the Yemeni capital Sanaa on Monday when he blew himself up in the midst of a military parade rehearsal, the defense ministry said. The ministry also said 222 people were wounded in the attack. (Reporting by Mohammed Ghobari; Writing by Isabel Coles; Editing by Louise Ireland)

21 May 2012 at 9:02am

Nadal beats Djokovic 7-5, 6-3 to win Italian Open

Rafael Nadal beat top-ranked Novak Djokovic 7-5, 6-3 on Monday to win his record sixth Italian Open title.

21 May 2012 at 9:02am

UK culture minister faces probe on disclosure
The British Parliament's commissioner for standards has opened an investigation into Culture Secretary Jeremy Hunt, who has faced calls for his resignation over his office's dealings with Rupert Murdoch's News Corp.
21 May 2012 at 8:59am

Nasdaq announces plan for unfilled Facebook orders
NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority will review requests from investors whose orders were not filled at the opening cross price of $42 or were filled at an inferior price, the Nasdaq said in a statement. FINRA will report on the total value of investor claims to Nasdaq. ...
21 May 2012 at 8:59am

Nasdaq alters IPO procedures after Facebook glitch
NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc's market debut at the end of last week that prevented some traders from knowing for hours whether their orders for shares had been completed. The exchange operator said in a note to traders that modifications to its IPO and halt cross application would prevent the problems that occurred on Friday from recurring. (Reporting By John McCrank; Editing by Gerald E. McCormick)
21 May 2012 at 8:59am

Ukrainians launch hosting project for Euro 2012
Tired of seeing their country criticized as greedy and unfriendly, a group of Ukrainians on Monday announced a project to provide free accommodation, translation and other services to foreign football fans attending next month's European Championship.
21 May 2012 at 8:59am

Eaton buying Cooper Industries in $11.46B deal
Diversified manufacturer Eaton Corp. is buying Irish electrical equipment supplier Cooper Industries PLC in a cash-and-stock deal valued at about $11.46 billion.
21 May 2012 at 8:53am

McNamee can name 2 other players he injected

The judge in the Roger Clemens perjury trial has ruled that key prosecution witness Brian McNamee can identify two players who confirmed under oath the strength trainer's claim that he injected them with human growth hormone.

21 May 2012 at 8:53am

Ohio pair get engaged after running half-marathon
An Akron couple is celebrating after their half-marathon ended up being a sort of race to the altar.
21 May 2012 at 8:51am

Facebook shares plunge below IPO price

Facebook shares plunged more than eight percent below the IPO price of $38 in opening trade Monday, after fizzling in their debut Friday.

21 May 2012 at 8:50am

Tunisia vows to punish attacks on alcohol vendors
TUNIS (Reuters) - Tunisia's Islamist-led government said on Monday it would punish conservative Salafi Muslims who attacked alcohol shops in a central town over the weekend, raising religious tensions in the home of the Arab Spring. Clashes broke out after dozens of Salafis armed with sticks and knives raided bars and stores in Sidi Bouzid, where the suicide of a street seller last year sparked Tunisia's revolution and the Arab Spring uprisings, witnesses said. Shop owners fought back, chasing Salafis to the main mosque and opening fire on them, the witnesses added. ...
21 May 2012 at 8:48am

AU's Mbeki hopeful for Sudans talks re-start
JUBA (Reuters) - A date to re-start talks between feuding neighbours Sudan and South Sudan could be agreed this week, an African Union mediator said on Monday, but a senior South Sudanese official said he did not believe Khartoum was ready to negotiate. Former South African President Thabo Mbeki is trying to bring the two Sudans back to the negotiating table at the AU's headquarters in Addis Ababa to try to resolve oil, security and border disputes that triggered an outbreak of border fighting between the two countries' armies last month. ...
21 May 2012 at 8:48am

'Forrest Gump' actor Sinise to raise money for vet
Actor Gary Sinise, known for playing Vietnam War amputee Lt. Dan in the film "Forrest Gump," is keeping his promise to raise money for a southwest Virginia Marine who lost his limbs while on a mine sweep in Afghanistan.
21 May 2012 at 8:47am

Olympic torch goes out briefly, quickly rekindled

The Olympic torch was briefly snuffed out Monday during the relay leading up to the London 2012 Games.

21 May 2012 at 8:44am

New Obama ad challenges Mitt Romney's economics
President Barack Obama's re-election campaign is keeping up its effort to paint Mitt Romney as a job-destroying corporate raider at Bain Capital.
21 May 2012 at 8:44am

S.Africa's most famous township gets new theater
Playwright, director and actor John Ledwaba gave up theater during South Africa's turbulent 1980s and left his Soweto home to train to be an anti-apartheid guerrilla. But he soon stopped training to lead the fight through theater, staging powerful works that exposed the horrors of racist rule to the world.
21 May 2012 at 8:43am

Stocks open higher on Wall Street; Facebook falls

Stocks are opening higher on Wall Street after a new survey suggested that economists are more optimistic about housing and employment. Facebook slid below its initial offering price.

21 May 2012 at 8:42am

Free bicycles help keep Indian girls in school

The daily trip to high school was expensive, long and eventually, too much for Indian teenager Nahid Farzana, who decided she was going to drop out. Then, the state government gave her a bicycle.

21 May 2012 at 8:41am

Survivor: Honduran police fired on passenger boat

Lucio Adan Nelson dozed on a riverboat ferrying him home from a visit with his mother when helicopters appeared overhead and started shooting. He and about a dozen other passengers traveling in the middle of the night jumped into the water for cover.

21 May 2012 at 8:40am

EU gives Google 'weeks' to ease antitrust concerns
The European Union said on Monday that Google Inc. must in "a matter of weeks" outline steps it is willing to take to ease concerns about alleged abuses of its dominant position in the online search market.
21 May 2012 at 8:39am

S.Africa wants change in import labels, angers Israel

CAPE TOWN (Reuters) - Israeli goods produced in the occupied Palestinian territories and sold in South Africa may no longer be labelled "Made in Israel," the South African trade minister said on Monday, causing concern in Israel that other countries may follow suit. "We are, through this notice, requiring that they be correctly labelled and it will then be up to consumers in South Africa whether they want to purchase those products or not," Trade and Industry Minister Rob Davies told reporters. "We are not seeking to prevent the entry of such products into South Africa," he said. ...

21 May 2012 at 8:37am

Death toll in Yemen's suicide bombing rises to 96
Yemen's Defense Ministry says the casualty toll in a suicide bombing at a military parade rehearsal in the capital Sanaa has risen to 96 deaths and at least 200 wounded.
21 May 2012 at 8:37am

Woman with flesh-eating disease takes own breaths

The father of a Georgia woman fighting a flesh-eating disease says his daughter is now able to breathe on her own, a milestone that sent the family's spirits soaring.

21 May 2012 at 8:35am

Where are Facebook friends? Stock sinks on 2nd day
Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.
21 May 2012 at 8:34am

Monti will attend funeral of bombing victim
The office of Italian Premier Mario Monti says he will attend the funeral of a 16-year-old girl killed in a bombing outside a school in southern Italy that also injured four other young women.
21 May 2012 at 8:32am

Man armed with grenades arrested at Nigeria state radio
ABUJA (Reuters) - A man armed with grenades and several rounds of ammunition was stopped as he tried to enter a government building in the capital Abuja where two ministers were giving a news conference on Monday, a government security officer said. "We arrested him with black bags containing three hand grenades and 37 live munitions. We snatched the bag from him at the gate as he was entering the compound at the gate," Akindele James, security officer in charge of the building, told Reuters. "We handed him over to police. ...
21 May 2012 at 8:31am

Chicago braces for final day of NATO protests

Demonstrators prepared Monday to launch another day of major protests in Chicago as world leaders met at the NATO summit, while commuters heading into the city found themselves navigating extra security and revised train and bus routes designed to dodge the summit zone.

21 May 2012 at 8:31am

Alain Resnais back in Cannes competition at 89

The Cannes Film Festival has received a dose of theater in the form of French director Alain Resnais' new film.

21 May 2012 at 8:31am

S.Africa picks next 19 projects in green energy drive

PRETORIA (Reuters) - South Africa has chosen 19 renewable energy projects in the second stage of its drive to cut its reliance on coal-fired plants, and bidders have until December to prove the projects are financially viable, the energy minister said on Monday. Africa's largest economy depends on coal for 85 percent of its electricity supply of around 41,000 MW. In a bid to reduce its carbon footprint it launched a bidding process to eventually add up to 3,725 MW of green energy to the national grid by 2016, a move seen attracting investment of 100 billion rand. ...

21 May 2012 at 8:24am

NATO touts Afghan war's end as fighting goes on

As President Barack Obama and fellow NATO leaders herald the coming end of the deeply unpopular Afghanistan war, they face the grim reality of two more years of fighting ahead and more of their troops sure to die in combat.

21 May 2012 at 8:24am

Sisters Spend $150 Million for Two Houses
The real-estate purchases of the daughters of Formula 1 Racing boss Bernie Ecclestone call attention to a handful of ultrawealthy young people making waves at the very top of the real-estate market. Candace Jackson has details on Lunch Break. Photo: Getty Images.

17 May 2012 at 11:53am

Mark Zuckerberg Changes Status to 'Married'
Facebook CEO Mark Zuckerberg wed his longtime girlfriend on Saturday, one day after his company's IPO. Video courtesy of Reuters.

20 May 2012 at 9:49am

Sail Away on a Train in New York Harbor
It's a train. It's a barge. All aboard and ahoy! Take an exclusive trip on the last working carfloat in New York Harbor with WSJ's Barry Newman.

20 May 2012 at 9:30pm

Volcano Erupts in Guatemala
Guatemalan authorities are on standby as the famed Fuego volcano spews lava and ash. Video courtesy of Reuters.

20 May 2012 at 9:45am

Controlling Computers With Hand Motions
A host of companies are looking to shake-up the ways we interact with computers. Using new motion sensing technology they aim for users to replace typing and mouse-clicking with some of the gestures and movements used in everyday life. WSJ's Jessica Vascellaro reports.

20 May 2012 at 10:50pm

Ryan Seacrest Buys Ellen DeGeneres's Home for $37M
Ryan Seacrest is in escrow to purchase Ellen DeGeneres's Beverly Hills estate for $37 million. Lauren Schuker has details on Lunch Break. Photo: Celebrityhomephotos/Newscom.

16 May 2012 at 11:34am

Nasdaq Admits to Bungling Facebook IPO
WSJ's Ben Rooney assesses the first day of trading since Facebook's IPO and news that the Nasdaq Stock Market admitted it bungled Facebook's initial public offering after technology problems affected trading in millions of shares. Photo: AP

21 May 2012 at 6:49am

Reminder of War Under Hanoi Hotel
Having dismissed the idea of turning it into a wine cellar or cigar bar, Sofitel Legend Metropole Hotel in Hanoi reopened a Vietnam War air-raid shelter--found beneath what is now the poolside bar--as a memorial. The WSJ's Deborah Kan speaks to Life & Style Editor Lara Day.

21 May 2012 at 4:52am

Chinese Activist Cheered in New York
The journey of Chinese dissident Chen Guangcheng, which began last month with his dramatic escape from home confinement to the U.S. Embassy in Beijing, ended Saturday outside a New York University housing complex, where he greeted supporters. WSJ's Laura Kusisto with Lam Thuy Vo in New York and Josh Chin in Beijing report.

20 May 2012 at 1:18am

What's Next for Alibaba
Yahoo struck a long-awaited deal to sell half its stake in Alibaba back to the Chinese company. The WSJ's Deborah Kan speaks to reporter Paul Mozur on why this is a good deal for Alibaba.

21 May 2012 at 4:39am

Celine Dion's Private Island for $29.3 Million
Celine Dion lists a private island in Canada for $29.3 Million. Candace Jackson has details on The News Hub. Photo: Sotheby's International Realty.

17 May 2012 at 3:41pm

Time Cover on Breastfeeding Sparks Controversy
Jon Friedman and Allison Lichter discuss the controversy over the current Time magazine cover showing a mother breastfeeding a three-year old child. Photo: Time.

11 May 2012 at 3:43pm

 

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