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.
WASHINGTON (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)
WASHINGTON (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)
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.
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.
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. ...
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.
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. ...
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. ...
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. ...
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. ...
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. ...
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.
CAIRO (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. ...
CAIRO (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. ...
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.
SHANGHAI/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. ...
SHANGHAI/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. ...
NEW 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)
SANAA (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. ...
SANAA (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. ...
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.
MOSCOW (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. ...
(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. ...
NEW 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. ...
VIENNA/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. ...
VIENNA/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. ...
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.
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.
WASHINGTON (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)
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.
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. ...
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. ...
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. ...