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3 dead, 2 missing after crowded weekend on Everest

FILE - In this Oct. 27, 2011 file photo, the last light of the day sets on Mount Everest as it rises behind Mount Nuptse as seen from Tengboche, in the Himalaya's Khumbu region, Nepal. Mountaineering Department official Gyanendra Shrestha said Monday, May 21, 2012, that a German, a Nepal-born Canadian and a Korean died Saturday while descending from the 8,850-meter (29,035-foot) summit. (AP Photo/Kevin Frayer, File)Three climbers died and two others were missing while descending from the summit of Mount Everest — a toll that raised concerns about overcrowding in the "death zone" at the top of the world's tallest peak.


Nuclear regulatory chief Jaczko resigns

NRC chairman Jaczko attends a news conference during the Ministerial Conference on Nuclear Safety in Vienna in ViennaWASHINGTON (Reuters) - Gregory Jaczko, the chairman of the U.S. Nuclear Regulatory Commission, announced on Monday he would resign from the post after a year of intense criticism of his management tactics. "After an incredibly productive three years as Chairman, I have decided this is the appropriate time to continue my efforts to ensure public safety in a different forum," Jaczko said in a statement. (Reporting by Roberta Rampton)


Nuclear regulatory chief Jaczko resigns

NRC chairman Jaczko attends a news conference during the Ministerial Conference on Nuclear Safety in Vienna in ViennaWASHINGTON (Reuters) - Gregory Jaczko, the chairman of the U.S. Nuclear Regulatory Commission, announced on Monday he would resign from the post after a year of intense criticism of his management tactics. "After an incredibly productive three years as Chairman, I have decided this is the appropriate time to continue my efforts to ensure public safety in a different forum," Jaczko said in a statement. (Reporting by Roberta Rampton)


News Summary: Campbell's profit slip 5 percent

THE NUMBERS: Campbell Soup Co. said its fiscal third-quarter profit fell 5 percent from last year's quarter to $177 million, or 55 cents per share.

Trial of ex-P&G, Goldman board member starts in NY

FILE- In this Jan. 5, 2012 file photo, former Goldman Sachs board member Rajat Gupta, left, exits Manhattan federal court with his attorney Gary Naftalis, in New York. The insider trading trial of the former board member for Goldman Sachs and Procter & Gamble begins in New York on Monday, May 21, 2012, with jury selection. (AP Photo/Mary Altaffer, File)Jury selection has begun at the insider trading trial of a former board member for Goldman Sachs and Procter & Gamble.


Campbell's profit slips as soup sales remain cold

This Aug. 31, 2011 photo shows two cans of Campbell's soup in New York. Campbell Soup Co.'s net income slipped by 5 percent in the latest quarter as it struggled to balance higher costs for ingredients and sluggish soups sales, the company said Monday May 21, 2012. The Camden, N.J.-based company, which is known for its red and white soup cans, is trying to regain lost ground after years of declining soup sales. The efforts include plans to roll out pricier, higher-quality soups and more snacks and beverages. (AP Photo/James H. Collins)Campbell Soup Co. is still struggling to heat up its lukewarm soup sales, with net income slipping by 5 percent in its fiscal third quarter even as the company spent more on marketing.


Obama: Confident Afghans can take security lead

The NATO leaders gather as the opening session of the NATO Summit begins in Chicago, Sunday, May 20, 2012. (AP Photo/Christophe Ena)President Barack Obama expressed confidence in Afghanistan's ability to take the lead for its own security next year, as NATO leaders huddled Monday for talks aimed at paving the way for the deeply unpopular war's end.


Subdued Libyan funeral for Lockerbie bomber Megrahi

The body of Megrahi is carried from an ambulance for a funeral prayer before his burial at a cemetery in JanzourTRIPOLI (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. ...


Economists more upbeat about job growth, housing

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.

U.S. top court decides in vitro fertilization benefits

WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Monday that children conceived through in vitro fertilization after the death of a parent were not automatically entitled to survivor benefits under the Social Security law. The justices unanimously sided with the Obama administration and overturned a U.S. appeals court's ruling for a New Jersey woman who is seeking benefits for her twins conceived by artificial insemination after her husband's death. ...

U.S. top court decides in vitro fertilization benefits

WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Monday that children conceived through in vitro fertilization after the death of a parent were not automatically entitled to survivor benefits under the Social Security law. The justices unanimously sided with the Obama administration and overturned a U.S. appeals court's ruling for a New Jersey woman who is seeking benefits for her twins conceived by artificial insemination after her husband's death. ...

U.S. top court decides in vitro fertilization benefits

WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Monday that children conceived through in vitro fertilization after the death of a parent were not automatically entitled to survivor benefits under the Social Security law. The justices unanimously sided with the Obama administration and overturned a U.S. appeals court's ruling for a New Jersey woman who is seeking benefits for her twins conceived by artificial insemination after her husband's death. ...

Policeman's widow: Punishment for IRA killers weak

The widow of a Northern Ireland policeman has condemned the length of sentences imposed on his Irish Republican Army killers.

Gaddafi ex-spy chief to face charges in Mauritania: source

NOUAKCHOTT (Reuters) - Muammar Gaddafi's former intelligence chief Abdullah al-Senussi, arrested in Mauritania in March and sought by Libya, France and the International Criminal Court (ICC), is to face local charges in Mauritania, a judicial source said on Monday. "Abdullah al-Senussi has been interviewed for the first time by the state prosecutor. He should face trial soon for illegal entry into Mauritanian territory," said the source, who requested anonymity. ...

Gaddafi ex-spy chief to face charges in Mauritania: source

NOUAKCHOTT (Reuters) - Muammar Gaddafi's former intelligence chief Abdullah al-Senussi, arrested in Mauritania in March and sought by Libya, France and the International Criminal Court (ICC), is to face local charges in Mauritania, a judicial source said on Monday. "Abdullah al-Senussi has been interviewed for the first time by the state prosecutor. He should face trial soon for illegal entry into Mauritanian territory," said the source, who requested anonymity. ...

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.

Arab League to Iran: stop anti-Bahrain campaign

A pro-government protester holds up a placard as she shouts pro-government slogans in a rally to show support towards GCC Union, in al Fateh Grand Mosque in ManamaCAIRO (Reuters) - The Arab League called on Tehran on Monday to halt what it described as a media campaign against Bahrain over a proposal for political and military union between Gulf Arab states. Saudi Arabia has been pushing the idea of closer Gulf integration to contain Shi'ite Muslim unrest in Bahrain and counter the influence of regional Shi'ite power Iran. Riyadh's initial goal appears to be a merger with Bahrain, where majority Shi'ites have been staging pro-democracy demonstrations targeting the Sunni Muslim ruling family for over a year. ...


Arab League to Iran: stop anti-Bahrain campaign

A pro-government protester holds up a placard as she shouts pro-government slogans in a rally to show support towards GCC Union, in al Fateh Grand Mosque in ManamaCAIRO (Reuters) - The Arab League called on Tehran on Monday to halt what it described as a media campaign against Bahrain over a proposal for political and military union between Gulf Arab states. Saudi Arabia has been pushing the idea of closer Gulf integration to contain Shi'ite Muslim unrest in Bahrain and counter the influence of regional Shi'ite power Iran. Riyadh's initial goal appears to be a merger with Bahrain, where majority Shi'ites have been staging pro-democracy demonstrations targeting the Sunni Muslim ruling family for over a year. ...


Court won't reduce student's music download fine

The Supreme Court won't reduce the $675,000 verdict against a Boston University student who illegally downloaded 30 songs and shared them on the Internet.

Alibaba buys back stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake 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 one-half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Alibaba buys back stake held by Yahoo for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake 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 one-half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...


Nasdaq, S&P 500 gain 1 percent

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks rose on Monday, with the Nasdaq and the S&P 500 up 1 percent as markets recovered from their worst weekly decline for the year after world leaders expressed support for Greece to stay in the euro zone. The Dow Jones industrial average gained 80.15 points, or 0.65 percent, to 12,449.53. The Standard & Poor's 500 Index gained 12.03 points, or 0.93 percent, to 1,307.25. The Nasdaq Composite gained 34.44 points, or 1.24 percent, to 2,813.23. (Reporting By Edward Krudy, editing by Dave Zimmerman)


Yemen violence worsens as suicide bomber kills 90

A still image taken from video shows army personnel helping injured soldier at the scene of a suicide attack in SanaaSANAA (Reuters) - A suicide bomber with explosives strapped under his uniform killed more than 90 people at a military parade rehearsal in the Yemeni capital Sanaa on Monday, an attack which will alarm Washington as its involvement in the front-line state deepens. The bombing also wounded about 200 people, officials said, making it the bloodiest single incident in the city in recent years. Yemen's defense minister and chief of staff were both present at the rehearsal for Tuesday's National Day parade but neither was hurt. ...


Yemen violence worsens as suicide bomber kills 90

A still image taken from video shows army personnel helping injured soldier at the scene of a suicide attack in SanaaSANAA (Reuters) - A suicide bomber with explosives strapped under his uniform killed more than 90 people at a military parade rehearsal in the Yemeni capital Sanaa on Monday, an attack which will alarm Washington as its involvement in the front-line state deepens. The bombing also wounded about 200 people, officials said, making it the bloodiest single incident in the city in recent years. Yemen's defense minister and chief of staff were both present at the rehearsal for Tuesday's National Day parade but neither was hurt. ...


Suicide bombing kills nearly 100 soldiers in Yemen

A policeman collects evidence at the site of a suicide bomb attack at a parade square in Sanaa, Yemen, Monday, May 21, 2012. Officials say Monday's bombing near Sanaa's presidential palace is one of the deadliest attacks in the city in months. (AP Photo/Hani Mohammed)A suicide bomber blew himself up at a military parade rehearsal Monday in Yemen's capital, killing 96 soldiers in one of the deadliest attacks in the city in years, officials said.


Putin tightens grip with new government

Russian PM Medvedev chairs a meeting of the new cabinet in Moscow's White HouseMOSCOW (Reuters) - Russian President Vladimir Putin unveiled a government dominated by loyalists on Monday, tightening his grip on the economy and national security after protests, and limiting Prime Minister Dmitry Medvedev's ability to pursue market reforms. Putin, 59, opted for continuity by retaining his ally Igor Shuvalov as first deputy prime minister in charge of economic policy, while Igor Sechin will remain his energy chief in a role outside the government. ...


Facebook sinks on first day without underwriter support

In this photo illustration, a Facebook logo on a computer screen is seen through glasses held by a woman in Bern(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. ...


Pentagon civilian contractors attacked in Yemen

The Pentagon says three civilian contractors helping train Yemen's coast guard were attacked in Yemen.

Best Buy picks Spencer Stuart to run CEO search

The inside of a Best Buy store is seen in New YorkNEW YORK (Reuters) - Best Buy Co Inc , the world's largest consumer electronics chain, said it has selected headhunter Spencer Stuart Inc to conduct the search for a new chief executive. Brian Dunn resigned as CEO last month. Following his departure, the company said an internal probe found that Dunn had an improper relationship with a female employee. Best Buy is in the midst of what it expects to be a six- to nine-month search for a successor to Dunn. Board member G. Mike Mikan is acting as interim CEO. The company said it will consider internal and external candidates for the job. ...


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.

U.N. nuclear chief holds talks in Tehran, hopes for deal

International Atomic Energy Agency (IAEA) Director General Yukiya Amano briefs the media before his trip to Tehran at the international airport in ViennaVIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held rare talks in Tehran on Monday after voicing hope for a deal to investigate suspected atomic bomb research - a gesture Iran might make to try to get international sanctions relaxed and deflect threats of war. International Atomic Energy Agency Director-General Yukiya Amano began discussions with the head of Iran's nuclear energy organization, Fereydoun Abbasi-Davani, a few hours after his pre-dawn arrival, according to ISNA news agency. ...


U.N. nuclear chief holds talks in Tehran, hopes for deal

International Atomic Energy Agency (IAEA) Director General Yukiya Amano briefs the media before his trip to Tehran at the international airport in ViennaVIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held rare talks in Tehran on Monday after voicing hope for a deal to investigate suspected atomic bomb research - a gesture Iran might make to try to get international sanctions relaxed and deflect threats of war. International Atomic Energy Agency Director-General Yukiya Amano began discussions with the head of Iran's nuclear energy organization, Fereydoun Abbasi-Davani, a few hours after his pre-dawn arrival, according to ISNA news agency. ...


Barclays to sell $6.1BN stake in BlackRock

Britain's Barclays Bank PLC said Monday it intends to dispose of its entire 19.6 percent stake in the U.S. asset management company BlackRock Inc., valued at $6.1 billion.

Italy quake victims wake in cars, tents, schools

The crumbling wreck of the Rocca Estense in Finale Emilia, in northern Italy, Sunday, May 20, 2012. A magnitude-6.0 earthquake shook northern Italy early Sunday, killing at least three people and toppling some buildings, emergency services and news reports said. The quake struck at 4:04 a.m. Sunday between Modena and Mantova, about 35 kilometers (22 miles) north-northwest of Bologna at a relatively shallow depth of 10 kilometers (6 miles), the U.S. Geological Survey said. (AP Photo/Luca Bruno)Emergency crews inspected schools, churches and other buildings Monday for damage as aftershocks rattled northern Italy a day after a magnitude-6.0 earthquake killed seven people and toppled centuries-old buildings.


Stocks open higher on Wall Street; Facebook falls

In a May 7, 2012 photo trader Richard Newman works on the floor of the New York Stock Exchange. A weekend summit in Washington among leaders of the world's most powerful nations provided little in the way of encouragement for investors already nervous about the political turmoil in Greece. (AP Photo/Richard Drew)Stocks rose Monday morning as investors latched onto a survey suggesting that economists are more optimistic about housing and unemployment.


Nuclear regulatory chief Jaczko resigns

NRC chairman Jaczko attends a news conference during the Ministerial Conference on Nuclear Safety in Vienna in ViennaWASHINGTON (Reuters) - Gregory Jaczko, the chairman of the U.S. Nuclear Regulatory Commission, announced on Monday he would resign from the post after a year of intense criticism of his management tactics. "After an incredibly productive three years as Chairman, I have decided this is the appropriate time to continue my efforts to ensure public safety in a different forum," Jaczko said in a statement. (Reporting by Roberta Rampton)


Film effects company DDMG plans Abu Dhabi studio

The American special effects company that brought the "Transformers" movies to life and recently wowed concertgoers with a performing hologram of late rapper Tupac Shakur is setting up a studio in oil-rich Abu Dhabi.

Supreme Court to hear government eavesdropping appeal

WASHINGTON (Reuters) - The Supreme Court agreed on Monday to hear an Obama administration appeal arguing that attorneys, journalists and human rights groups have no right to sue over a law making it easier for U.S. intelligence agencies to eavesdrop on foreign communications. The justices said they would review a ruling by a U.S. appeals court in New York that the plaintiffs have the legal right to proceed with their challenge to a 2008 amendment to the law, the Foreign Intelligence Surveillance Act. ...

Supreme Court to hear government eavesdropping appeal

WASHINGTON (Reuters) - The Supreme Court agreed on Monday to hear an Obama administration appeal arguing that attorneys, journalists and human rights groups have no right to sue over a law making it easier for U.S. intelligence agencies to eavesdrop on foreign communications. The justices said they would review a ruling by a U.S. appeals court in New York that the plaintiffs have the legal right to proceed with their challenge to a 2008 amendment to the law, the Foreign Intelligence Surveillance Act. ...

JPMorgan stops buybacks while reducing bad trades

Dimon, chairman and chief executive of JP Morgan Chase and Co, speaks at the 2012 Simon Graduate School of Business' New York City Conference in New YoNEW 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. ...


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