Current News Today
Wall Street rebounds, but investors dump Facebook
NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc . Shares of Apple climbed 5.8 percent to $561.28, leading the Nasdaq to its biggest one-day percentage gain since December 2011. ...
2012-05-21T23:52:03Z
| MF Global paid Corzine $8 million in year before collapse
(Reuters) - Former MF Global Holdings Ltd chief Jon Corzine received more than $8 million in pay and stock options from the futures brokerage in the year before it went bankrupt. Corzine's pay along with that of other former MF Global executives was listed in a court document filed on Friday by Louis Freeh, the trustee unwinding the company's bankrupt estate. Corzine, a former Goldman Sachs chief and New Jersey governor, was paid $3 million in cash, the filing showed, as well as $5.35 million in stock options, which are likely now worthless. ...
2012-05-22T02:37:19Z
| Departures leave Dewey a shell of its former self
NEW YORK (Reuters) - Seventeen more partners at Dewey & LeBoeuf announced their departure on Monday, as the failing law firm considered filing for bankruptcy. Rival law firm Proskauer Rose said it was bringing in four partners, including Ralph Ferrara, a vice chairman at Dewey and former general counsel of the U.S. Securities and Exchange Commission. Duane Morris, another law firm, said it was hiring 16 lawyers from Dewey, including six of its partners. ...
2012-05-22T00:30:18Z
| Ex-Yahoo director, fund manager made illegal trades: U.S.
(Reuters) - Federal prosecutors on Monday announced insider trading charges against a former Yahoo employee and a fund manager for illegally sharing and trading on secret company information. The pair pleaded guilty in Manhattan federal court on Monday, the Manhattan U.S. Attorney's office said in a press release. They were also charged by U.S. securities regulators in a parallel civil proceeding. The SEC said it is pursuing a civil settlement with the two. ...
2012-05-22T00:14:49Z
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Current News Today
Bass erupts for Celtics in 101-85 win over Sixers (Yahoo! Sports)
BOSTON (AP) They started as a Big Three and grew to a Big Four when Rajon Rondo earned the right to be mentioned along with the other Boston Celtics All-Stars.
Mon, 21 May 2012 19:40:42 PDT
| Magic fire coach Stan Van Gundy; GM also gone (Yahoo! Sports)
ORLANDO, Fla. (AP) For months the Orlando Magic have been trudging through the aftermath of a preseason trade request by Dwight Howard that sapped the life out of the franchise as internal team issues quickly affected the product on the floor.
Mon, 21 May 2012 15:05:46 PDT
| Brodeur, Devils show some fight in 4-1 Game 4 win (Yahoo! Sports)
NEWARK, N.J. (AP) Martin Brodeur made 27 saves and survived a third-period punch to the chin by old buddy Mike Rupp as the New Jersey Devils defeated the New York Rangers, 4-1, Monday night in Game 4 to even the Eastern Conference Finals, 2-2.
Mon, 21 May 2012 20:11:11 PDT
| Former WVU football coach Bill Stewart dead at 59 (Yahoo! Sports)
MORGANTOWN, W.Va. (AP) Former West Virginia football coach Bill Stewart, who was hailed as Rich Rodriguez's successor but wound up leaving the school in a messy split, died Monday of what athletic department officials said was an apparent heart attack. He was 59.
Mon, 21 May 2012 15:19:27 PDT
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Current News Today
Suicide bomber kills 90 in Yemen, al Qaeda vows more attacks
SANAA (Reuters) - A suicide bomber in army uniform killed more than 90 soldiers in the heart of the Yemeni capital on Monday and an al Qaeda affiliate threatened more attacks if a U.S.-backed campaign against militants in the front-line state did not stop. The bombing, which wounded more than 200 people, underscored the dangers Yemen faces as it battles Islamist militants entrenched in the south and threatening shipping lanes in the Gulf of Aden and the Red Sea. The explosion left scenes of carnage in Sanaa's Sabaeen Square, where the military had been rehearsing for a parade. ...
2012-05-21T23:56:57Z
| Two dead in Beirut clashes after killing of anti-Assad cleric
ALBIREH, Lebanon (Reuters) - Hundreds of Islamist gunmen fired in the air on Monday at the funeral of a Sunni Muslim cleric whose killing ignited street battles and brought the bloodshed from Syria's 14-month-old uprising spilling across the border into Lebanon. Sheikh Ahmed Abdul Wahid, an opponent of Syrian President Bashar al-Assad, was buried in northern Lebanon a day after he was shot dead at a Lebanese army checkpoint in a part of that country where Sunni sympathy for Syria's rebels and the uprising against Assad is particularly strong. ...
2012-05-21T20:09:33Z
| No sign of breakthrough in U.N. nuclear chief's Tehran talks
VIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held talks in Tehran on Monday ahead of a meeting between major powers and Iranian officials this week, but there was no immediate sign of a breakthrough in the tense confrontation over Iran's nuclear programme. Yukiya Amano paid a rare visit to Tehran after voicing hope of its agreement to cooperate with an investigation by his International Atomic Energy Agency into what Western states suspect are Iran's efforts to develop atomic bomb capability. ...
2012-05-21T20:13:44Z
| Bulgarian capital shaken by 5.6 magnitude quake
SOFIA (Reuters) - A 5.6 magnitude earthquake shook Bulgaria's capital Sofia early on Tuesday, causing residents to rush into the streets, the civil defense office said. The quake, which occurred at 3 a.m. local time, shook apartment buildings and rattled windows but caused no casualties or damage, Nikolay Nikolov, an official from the office was quoted as saying by the national radio, citing initial reports. The U.S. Geological Survey said the temblor was centered about 14 miles west of Sofia and occurred at a relatively shallow depth of 5.8 miles. USGS initially reported the magnitude as 5.8. ...
2012-05-22T02:33:04Z
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Current News Today
Obama hails 'power of community' in Joplin graduation speech
In a soaring speech to graduating seniors from the tornado-ravaged town of Joplin, Mo., President Barack Obama spoke in glowing terms of the "bigness of spirit" that was on display in the aftermath of last year's storm and called the students examples for the rest of the country. Unlike some of the president's recent public [...]
2012-05-21T21:38:23Z
| 'El Loco' arrested after 49 beheaded bodies found
Authorities have arrested an alleged Zetas drug cartel leader nicknamed "El Loco," AKA the Fool or the Crazy One, on charges that he dumped 49 headless bodies on a highway outside Monterrey, Mexico.
2012-05-21T21:35:55Z
| Obama: Americans can’t wait for Afghanistan to be 'perfect'
President Barack Obama on Monday acknowledged "risks" in his decision to withdraw U.S. combat forces from Afghanistan by the end of 2014 but said war-weary Americans can't wait for that strife-torn country to be "perfect." "I don't think that there is ever going to be an optimal point where we say, this is all done, [...]
2012-05-21T23:40:01Z
| 'Good news' that Afghans are still thwarting 'insider plots'?
How badly are things going in Afghanistan? The top U.S. and NATO commander, Gen. John Allen, told reporters it was "good news" that Afghan authorities had arrested 160 people in the last few months for plotting so-called "green-on-blue" attacks by Afghan security forces on their NATO-led international partners.
2012-05-21T19:48:33Z
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