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by rushabh

U.S. plans to halt Afghan combat role early

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

BRUSSELS/KABUL (Reuters) - The United States took Kabul by surprise by laying out plans to end its Afghan combat role earlier than expected, just after the leak of a secret report that the Taliban is confident of regaining control of the country.

by rushabh

S Korea activist held over tweet

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Amnesty International demands the release of a man held by South Korean authorities after re-tweeting a North Korean "propaganda" message.

by rushabh

Facebook’s Zuckerberg to keep iron grip after IPO

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

SAN FRANCISCO (Reuters) - Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.

by rushabh

Redknapp admits lying about cash

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Harry Redknapp admits lying to a News of the World reporter about cash payments, during his second day on the stand at his tax evasion trial.

by rushabh

Cold front ad for Mini backfires

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

An advertising agency for BMW pays to name Europe's cold weather "Cooper" in Germany, after the firm's Mini Cooper car, but the stunt backfires.

by rushabh

U.S. plans to halt Afghan combat role early (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

A U.S. soldier patrols as people walk past him in the eastern city of Jalalabad January 19, 2012. REUTERS/Omar SobhaniReuters - The United States took Kabul by surprise by laying out plans to end its Afghan combat role earlier than expected, just after the leak of a secret report that the Taliban is confident of regaining control of the country.


by rushabh

German eats 64-year-old US lard

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

A German pensioner finally tastes some American lard imported 64 years ago, having got approval from food safety experts.

by rushabh

Syria locks down Hama on anniversary of massacre (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Syrian soldiers on an armoured military vehicle are seen in Deir Balaba, near Homs, January 31, 2012. REUTERS/HandoutReuters - Syrian troops closed public squares in Hama on Thursday after residents poured red paint symbolizing blood on the ground to mark the 30th anniversary of the massacre President Bashar al-Assad's father carried out during an uprising against his rule.


by rushabh

Exclusive: Hacked companies still not telling investors

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

SAN FRANCISCO (Reuters) - At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.

by rushabh

Exclusive: Hacked companies still not telling investors (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.

by rushabh

Loans boss ‘to pay tax at source’

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The head of the Student Loans Company will have tax and National Insurance payments deducted from his £182,000 pay package in future, ministers say.

by rushabh

Day in pictures: 2 February 2012

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

24 hours of news photos from around the world

by rushabh

VIDEO: Angelo Dundee on his ‘blessed’ life

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Boxing trainer Angelo Dundee, who has died aged 90, spoke to the BBC about his 'blessed' life and his love of 'the greatest sport.

by rushabh

China’s Wen: May consider bigger role in EU rescue

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

BEIJING (Reuters) - China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.

by rushabh

China’s Wen: May consider bigger role in EU rescue (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.

by rushabh

UK’s foreign minister in Somalia

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

William Hague calls for renewed pressure against Islamist militants, as he becomes the first British foreign secretary to visit Somalia for 20 years.

by rushabh

Ali’s boxing trainer Angelo Dundee dies

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Legendary cornerman Angelo Dundee, the man who helped motivate Muhammed Ali and many other boxing champs, died Wednesday, a source close to Ali said.

by rushabh

U.S. to end Afghan combat mission

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The United States and NATO want to end their combat mission in Afghanistan next year, transitioning primarily to a training role in which Afghan security forces will take the lead, Defense Secretary Leon Panetta said Wednesday.

by rushabh

More Galileo satellites ordered

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The German-UK consortium building the operational spacecraft for Europe's Galileo sat-nav system wins a contract to provide an additional eight units.

by rushabh

France investigates Costa wreck

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

French prosecutors launch an investigation into the Costa Concordia disaster in which 32 people, including six French nationals, are thought to have died.

by rushabh

US ‘will cut’ Afghan role in 2013

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The US will seek to wind down combat operations in Afghanistan in 2013, the defence secretary says, more than a year before a deadline for withdrawal.

by rushabh

AP Exclusive: US No-Fly list doubles in 1 year (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

AP - Even as the Obama administration says it's close to defeating al-Qaida, the size of the government's secret list of suspected terrorists who are banned from flying to or within the United States has more than doubled in the past year, The Associated Press has learned.

by rushabh

Turkey and Hamas grow close (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

AP - Ties between Turkey, NATO's biggest Muslim member, and Hamas, the Islamic militant group that says Israel should not exist, are blossoming.

by rushabh

New debate: When is medical marijuana "usable?" (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Josh Brewer poses Jan. 27, 2012 at his home in Rogue River, Ore., with a marijuana seedling he will be planting now that his conviction for exceeding the amount of pot allowed for medical use has been reversed. The state Attorney General's Office conceded in an appeal that marijuana hanging and drying should not have been counted toward the state limit of 24 ounces.  (AP Photo/Jeff Barnard)AP - When police knocked on Josh Brewer's door to check for marijuana, even one of the nation's most liberal medical marijuana laws was put to the test.


by rushabh

Deutsche Bank’s Ackermann era ends in quarterly loss

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

FRANKFURT (Reuters) - Josef Ackermann's reign at Deutsche Bank ended in a surprise quarterly loss on Thursday, with the bank hit by a downturn in bond trading due to the euro zone crisis and writedowns on holdings in drug and gambling companies.

by rushabh

Deutsche Bank’s Ackermann era ends in quarterly loss (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - Josef Ackermann's reign at Deutsche Bank ended in a surprise quarterly loss on Thursday, with the bank hit by a downturn in bond trading due to the euro zone crisis and writedowns on holdings in drug and gambling companies.

by rushabh

‘Militants killed’ in Philippines

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The Philippine military says it has killed three senior militants from al-Qaeda-linked groups in a raid in the south of the country.

by rushabh

Met admits data protection breach

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Scotland Yard admits it inadvertently shared the email addresses of a number of victims of crime with other victims.

by rushabh

VIDEO: The oil-funded super rich of the UAE

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The past year has been quite a challenging one for the global economy, with the US and European debt crises, the turbulence of the Arab Spring and the tsunami in Japan.

by rushabh

India cancels telecom licences

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

India's Supreme Court cancels 122 telecommunications licences awarded to several companies, amid an ongoing corruption scandal.

by rushabh

79 dead in Egypt soccer riots

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The death toll from a riot at a soccer game in Egypt rose to 79, officials said Thursday, as many continued to mourn and look for the reasons behind the deadly melee.

by rushabh

Gaza protesters target UN chief

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Palestinian protesters briefly hold up the convoy of visiting UN Secretary General Ban Ki-moon as he crosses into Gaza as part of a regional peace push.

by rushabh

Ali’s trainer Dundee dies aged 90

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Angelo Dundee, who worked with Muhammad Ali and Sugar Ray Leonard, dies aged 90.

by rushabh

VIDEO: ‘Dutch godfather’ film is made

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The most infamous crime carried out by Willem Holleeder, the man known as the ''godfather'' of Dutch crime, has been turned into a film, soon to be released across Europe.

by rushabh

Hariri suspects trial in absentia

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The UN-backed tribunal investigating the assassination of former Lebanese Prime Minister Rafik al-Hariri says it will try the suspects in absentia.

by rushabh

Tributes flood in for Cornelius

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Aretha Franklin, Quincy Jones, Snoop Dogg and Slash are among the dozens of artists paying tribute to the late Soul Train creator Don Cornelius.

by rushabh

VIDEO: ‘Egypt will not be destabilised’

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Head of Egypt's ruling army council, Field Marshal Hussein Tantawi, urges people not to ''remain silent'' about football clashes which resulted in at least 74 deaths, and says ''those trying to destabilise Egypt will not succeed''.

by rushabh

Covert policeman ‘defied’ bosses

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

An undercover policeman whose actions led to the collapse of a trial of environmental protesters had "defied" management instructions, a report says.

by rushabh

Humble moss ‘brought on ice ages’

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Research shows that primitive moss-like plants could have helped cool the Earth 470 million years ago, bringing on both life as we know it an mini-ice ages.

by rushabh

Insight: Inside Rupert Murdoch’s UK newspaper clean-up operation (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - The centre of Rupert Murdoch's British newspaper clean-up operation is an unimposing set of offices in a corner of the company's campus in Wapping, east London.

by rushabh

Your pictures: Hunger

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Readers pictures on the theme of hunger

by rushabh

Ferry sinks off Papua New Guinea with 350 aboard (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

AP - Rescuers have plucked more than 200 survivors from the sea off Papua New Guinea's east coast after a ferry sank Thursday with as many as 350 people on board, officials said.

by rushabh

In pictures: Egypt football clash

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Many die in clashes after match between rivals

by rushabh

Asian TV characters ‘stereotyped’

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Australia is more forward-thinking than the UK when it comes to portraying ethnic minorities in soaps, says Neighbours actor Sachin Joab.

by rushabh

Ali’s legendary trainer Angelo Dundee dies at 90 (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

FILE - In this Sept. 23, 2012, file photo, Angelo Dundee gestures during an interview at the opening of the new 5th Street Gym in Miami Beach, Fla. Dundee, the trainer who helped groom Muhammad Ali and Sugar Ray Leonard into world champions and became one of boxing's most recognizable figures, died Wednesday, Feb. 1, 2012. He was 90. (AP Photo/Wilfredo Lee, File)AP - There was no way Angelo Dundee was going to miss Muhammad Ali's 70th birthday party.


by rushabh

Egypt soccer violence kills 74, fans turn on army

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

PORT SAID, Egypt (Reuters) - Seventy-four people were killed when supporters clashed at an Egyptian soccer match, prompting fans and politicians on Thursday to turn on the ruling army for failing to prevent the deadliest incident since Hosni Mubarak was ousted.

by rushabh

Sony reports further heavy losses

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Japanese electronics giant Sony reports another quarterly loss after sales were hit by lower production following the floods in Thailand.

by rushabh

VIDEO: ‘Progress made’ on Syria plan

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Diplomats at the United Nations Security Council say progress has been made in discussions over a resolution on the crisis in Syria.

by rushabh

Japan carmakers see US sales jump

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Japanese carmakers report a jump in their US sales in January boosted by new models and the restoration of supply chains.

by rushabh

Egypt soccer violence kills 74, fans turn on army (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - Seventy-four people were killed when supporters clashed at an Egyptian soccer match, prompting fans and politicians on Thursday to turn on the ruling army for failing to prevent the deadliest incident since Hosni Mubarak was ousted.

by rushabh

Pakistan gets trade waiver for EU

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Pakistan's efforts to revive its exports have received a boost after some of its goods were given duty free access to the EU.

by rushabh

Ali trainer Angelo Dundee dies

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Boxing trainer Angelo Dundee, who coached Muhammad Ali and Sugar Ray Leonard, dies at the age of 90.

by rushabh

Political tensions rise after deadly Egypt soccer riot

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

More than 70 people were killed when fans rushed the field and rioted at a soccer game in Egypt, the health ministry said. At least 47 people were arrested.

by rushabh

Westward, Ho: Romney, GOP rivals now spreading out (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets supporters at a campaign rally in Eagan, Minn., Wednesday, Feb. 1, 2012. (AP Photo/Gerald Herbert)AP - The Republican presidential campaign rolled westward Wednesday, Mitt Romney riding herd after his Florida primary victory, Newt Gingrich looking for a new stake and a top party leader insisting the long trail won't necessarily hurt the GOP in the race against President Barack Obama.


by rushabh

Egypt soccer fans rush field after game, 74 dead (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Egyptian fans clash with riot police following Al-Ahly club soccer match against Al-Masry club at the soccer stadium in Port Said, Egypt Wednesday, Feb. 1, 2012.  Some dozens of Egyptian soccer fans were killed Wednesday in violence following a soccer match in Port Said, when fans flooded the field seconds after a match against a rival team was over, Egypt's Health ministry said. (AP Photo)AP - At least 74 people were killed and hundreds injured after soccer fans rushed the field in the seaside city of Port Said Wednesday following an upset victory by the home team over Egypt's top club, setting off clashes and a stampede as riot police largely failed to intervene.


by rushabh

U.S. accuses China of instigating plot against DuPont

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

SAN FRANCISCO (Reuters) - Federal authorities successfully kept a U.S. businessman in jail on Wednesday ahead of his trial on charges relating to trade secret theft, and argued that it was Chinese government representatives who directed him to obtain valuable technology manufactured by chemical giant DuPont.

by rushabh

U.S. accuses China of instigating plot against DuPont (Reuters)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - Federal authorities successfully kept a U.S. businessman in jail on Wednesday ahead of his trial on charges relating to trade secret theft, and argued that it was Chinese government representatives who directed him to obtain valuable technology manufactured by chemical giant DuPont.

by rushabh

Lynas shares up on Malaysia move

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Shares of Australian miner Lynas surge after Malaysian authorities grant it a licence to operate a rare earth refinery.

by rushabh

In pictures: Sony World Photography Awards shortlist

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

World photo award finalists announced

by rushabh

Woman wins small-claims suit over Honda hybrid mpg (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

FILE - In this Tuesday, Jan. 3, 2012 file photo, Heather Peters, who says her 2006 Honda Civic Hybrid never achieved the gas mileage Honda claimed in its advertising, and also did a computer upgrade that further diminished the mileage, please her case in Small Claims Court in Torrrance, Calif., Tuesday, Jan. 3, 2012. Peters had opted out of a class action settlement agreed to by Honda because it does not provide enough remuneration. On Feb. 1, 2012, it was announced that Peters had won her unusual lawsuit against the auto giant over the vehicle's failure to deliver the promised mileage. A Los Angeles Superior Court commissioner has awarded Peters $9,867, just under the Small Claims Court limit of $10,000. (AP Photo/Reed Saxon, File)AP - A Southern California woman who challenged the legal status-quo by filing a small-claims action against Honda won her lawsuit Wednesday when a judge ruled that the automaker misled her about the potential fuel economy of her hybrid car.


by rushabh

Treasure hunter claims $3bn find

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

A Maine treasure hunter says he has discovered a WW2-era shipwreck filled with platinum, now worth $3bn (£1.9bn)

by rushabh

VIDEO: Pinball Wizard shows off museum

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

The BBC's LJ Rich meets Tim Arnold, refurbisher of over 250 pinball machines at the Las Vegas Pinball Hall of Fame.

by rushabh

Obama seeks to broaden reach of housing assistance (AP)

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower.  (AP Photo/Cliff Owen)AP - Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.


by rushabh

UK download speed gains ‘uneven’

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Ofcom reports a 22% gain in the UK's average broadband download speed between May and November, but not all ISPs improved.

by rushabh

Prostate drug too costly for NHS

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

A drug which could extend the life of prostate cancer patients is too expensive to be used on the NHS in England and Wales, a health watchdog says.

by rushabh

Measures ‘reduced suicide rate’

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Measures introduced to the lower the suicide rate in England and Wales in the past decade appear to have been successful, according to an analysis.

by rushabh

Sugar tax needed, say US experts

February 2, 2012 in Syndicated Posts, Top Global News by rushabh

Sugar added to processed foods is as damaging as alcohol and should be regulated, claim US health experts.

by rushabh

Obama presses Congress to step up aid for homeowners

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

WASHINGTON (Reuters) - President Barack Obama on Wednesday proposed a multi-billion-dollar package to help U.S. homeowners refinance and stave off foreclosure, part of an election-year push that is likely to face an uphill battle by the Republican opposition in Congress.

by rushabh

Obama presses Congress to step up aid for homeowners (Reuters)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower.  (AP Photo/Cliff Owen)Reuters - President Barack Obama on Wednesday proposed a multi-billion-dollar package to help U.S. homeowners refinance and stave off foreclosure, part of an election-year push that is likely to face an uphill battle by the Republican opposition in Congress.


by rushabh

Facebook users on IPO: Time to get paid

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

With Facebook's announcement Wednesday that it will become a publicly traded company, lots of folks were talking about it.

by rushabh

Deadly attack on Colombia police

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

A powerful explosion at a police station in the Colombian port city of Tumaco kills at least seven people and injures scores.

by rushabh

Julian Assange: Loathed and admired

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Since the summer of 2010, Julian Assange has become a pop culture fixture, a self-appointed champion of free speech, the suspect in a Swedish sex crimes investigation and a man who says he's keeping afloat a financially strapped Web operation that has mightily ticked off the U.S. government.

by rushabh

American Airlines cut 13,000 jobs

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

The loss-making parent company of American Airlines says it will shed 13,000 jobs - around 15% of its workforce.

by rushabh

Poland Nobel poetry laureate dies

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Polish poet Wislawa Szymborska, who won the Nobel Prize for Literature in 1996, dies aged 88.

by rushabh

‘Soul Train’ host Don Cornelius dead of suicide (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

FILE - This Monday, March 6, 2006 file photo shows Don Cornelius at his office in Los Angeles. Cornelius, creator of the long-running TV dance show 'Soul Train,' shot himself to death Wednesday morning, Feb. 1, 2012 at his home in Los Angeles, police said. He was 75. (AP Photo/Damian Dovarganes, File)AP - "Soul Train" host Don Cornelius was the arbiter of cool, a brilliant TV showman who used his purring, baritone voice to seduce mainstream America into embracing black music and artists.


by rushabh

Where’s the snow? Not in Lower 48, but elsewhere (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

In this photo combination, hundreds of cars are stranded on Lake Shore Drive on Feb. 2, 2011, in Chicago, left, while traffic moves along smoothly on the same stretch of Lake Shore Drive on Wednesday, Feb. 1, 2012, right.  A winter blizzard of historic proportions wobbled an otherwise snow-tough Chicago on Feb. 1, 2011, stranding hundreds of drivers for up to 12 hours overnight on the city's showcase thoroughfare and giving many city schoolchildren their first ever snow day. (AP Photo/Kiichiro Sato, File)AP - Snow has been missing in action for much of the U.S. the last couple months. But it's not just snow. It's practically the season that's gone AWOL.


by rushabh

Status update: Facebook to go public, raise $5B (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

FILE - This Dec. 13, 2011 file photo shows a sign at Facebook headquarters  in Menlo Park, Calif. Facebook, the social network that changed 'friend' from a noun to a verb, is expected to file as early as Wednesday, Feb. 1, 2012, to sell stock on the open market. Its debut is likely to be the most talked-about initial public offering since Google in 2004. (AP Photo/Paul Sakuma, file)AP - Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University.


by rushabh

U.S. weighs 30 percent "Buffett Rule" tax on millionaires

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

WASHINGTON (Reuters) - Millionaires would pay a minimum 30 percent effective tax rate under a law introduced on Wednesday in the Senate with the backing of President Barack Obama and named after billionaire investor Warren Buffett.

by rushabh

Treasure hunter says he found $3B WWII wreck (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Greg Brooks, co-manager of Sub Sea Research, is seen aboard the salvage ship Sea Hunter in Boston Harbor Wednesday, Feb. 1, 2012 holding a picture of the British merchant ship Port Nicholson which was sunk by a German U-boat in 1942 with a cargo of 71 tons of platinum now worth about $3 billion. Brooks will use the Sea Hunter to recover the cargo of the Port Nicholson. A port hole of the Port Nicholson can be seen on the screen behind Brooks. (AP Photo/Winslow Townson)AP - A treasure hunter said Wednesday he has located the wreck of a British merchant ship that was torpedoed by a German U-boat off Cape Cod during World War II while carrying what he claims was a load of platinum bars now worth more than $3 billion.


by rushabh

D.Boerse, NYSE eye options as deal fails

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

BRUSSELS/LONDON (Reuters) - NYSE Euronext and Deutsche Boerse could try to put the disappointment of their failed $7.4 billion merger deal behind them by turning their attention to European exchange and clearing assets and a less ambitious growth path.

by rushabh

Facebook shoots for $5 billion in mega-IPO

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

SAN FRANCISCO (Reuters) - Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO.

by rushabh

Payroll tax negotiations off to slow start (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

From left, Rep. Kevin Brady, R-Texas, Rep. David Camp, R-Mich., Rep. Sander Levin, D-Mich., and Rep. Xavier Becerra, D-Calif., face other conferees on the payroll tax cut extension as they meet on Capitol Hill in Washington, Wednesday, Feb. 1, 2012. (AP Photo/J. Scott Applewhite)AP - Negotiators on Capitol Hill agreed Wednesday to try to extend a payroll tax cut worth about $1,000 this year for a typical worker through the end of the year.


by rushabh

Feds: No deportation for Fla. crash teen

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

The death toll from a string of recent crashes on Interstate 75 near Gainesville, Florida, amid heavy smoke from a nearby brush fire has risen to 11 with the discovery of another body, the Florida Highway Patrol said.

by rushabh

GOP race likely far from over despite Romney win (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Republican presidential candidat former House Speaker Newt Gingrich arrives for a campaign stop at the Great Basin Brewing Co. Wednesday, Feb. 1, 2012, in Reno, Nev.  (AP Photo/Evan Vucci)AP - The race for the GOP presidential nomination probably is far from over. Front-runner Mitt Romney's rivals — chief among them Newt Gingrich — are refusing to bow out despite his resounding Florida victory.


by rushabh

Stanford used CD funds for cricket, jets: witness

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

HOUSTON (Reuters) - Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday.

by rushabh

Stanford used CD funds for cricket, jets: witness (Reuters)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday.

by rushabh

Exclusive: MF Global triggers regulatory rethink at CFTC

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

WASHINGTON (Reuters) - The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.

by rushabh

Exclusive: Mortgage deal would give states enforcement clout

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

(Reuters) - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.

by rushabh

MPs reverse Lords welfare defeats

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

MPs overturn a series of defeats inflicted on the government's welfare reform bill by peers, voting to reinstate child benefit into the proposed £26,000 total cap on payments.

by rushabh

Civil servant tax review ordered

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

A review into claims of tax avoidance by top civil servants is ordered by Chief Secretary to the Treasury Danny Alexander, after a BBC Newsnight investigation.

by rushabh

Exclusive: MF Global triggers regulatory rethink at CFTC (Reuters)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.

by rushabh

D.Boerse, NYSE eye options as deal fails (Reuters)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Detail seen at the NYSE Euronext cash markets operations room at the transatlantic stock market operator responsible for the proper functioning of the Paris, Brussels, Amsterdam and Lisbon stock markets in Paris August 19, 2011. REUTERS/Philippe WojazerReuters - NYSE Euronext and Deutsche Boerse could try to put the disappointment of their failed $7.4 billion merger deal behind them by turning their attention to European exchange and clearing assets and a less ambitious growth path.


by rushabh

How Florida’s Latino vote was won

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

As Mitt Romney dominated the Florida Republican primary Tuesday night, he also captured the bulk of the votes from Latinos in the state, with 54% of their ballots. But how did he pull that off?

by rushabh

After Florida win, Romney stumbles in comments on poor

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

MINNEAPOLIS (Reuters) - Republican presidential candidate Mitt Romney ran into a wall of criticism on Wednesday for remarks suggesting he was indifferent to America's poor, after scoring a resounding victory in the Florida primary.

by rushabh

Ghana 1-1 Guinea

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Ghana seal their place in the 2012 Africa Cup of Nations quarter-finals with a 1-1 draw against Guinea in Franceville.

by rushabh

Egypt football clashes ‘kill 73′

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

At least 73 people have been killed and about 1,000 injured in clashes between football fans in the Egyptian city of Port Said, state TV reports.

by rushabh

Credit Suisse traders plead guilty

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, two of the former traders at the investment bank said in court on Wednesday.

by rushabh

Egyptian soccer game turns violent, 73 dead (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

This image made from Egypt TV  shows fans and a fire at a soccer stadium in Port Said, Egypt,  Wednesday, Feb.1, 2012.  Dozens of  Egyptians were killed Wednesday in violence following a soccer match in Port Said, when fans flooded the field seconds after the match against a rival team was over, Egypt's Health ministry said.  It was one of the worst incidents of sports violence in Egypt in decades.  A security official and a medic said fans of the home team, Al-Masry, swarmed the field after a rare 3-1 win against Al-Ahly, Egypt's top team. Some fans of the home team were seen to throw stones, fireworks, and bottles at other fans and injured some players.   (AP Photo / Egypt TV via APTN)   TV OUT,  EGYPT OUTAP - Egyptian state TV has raised the death toll to 73 after fans of rival soccer teams rushed the field, hurling stones and sticks at each other and sparking a stampede.


by rushabh

House GOP bill would cut small business taxes (AP)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

AP - If the bill makes no exceptions, that means the reduction would apply to 99.9 percent of the nation's 27.3 million firms, according to Census Bureau data for 2008, the most recent year available. Companies of that size employ about half the country's 121 million paid workers, the Census data shows.

by rushabh

Credit Suisse traders plead guilty (Reuters)

February 1, 2012 in Syndicated Posts, Top Global News by rushabh

Reuters - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, two of the former traders at the investment bank said in court on Wednesday.
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