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Pakistan blocks Twitter over contentious tweets

Pakistan blocked the social networking website Twitter for much of Sunday because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.

Pakistan blocks Twitter over contentious tweets

Pakistan blocked the social networking website Twitter for much of Sunday because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.

Lockerbie bomber Megrahi has died in Libya: brother

File photo of convicted Lockerbie bomber Megrahi speaking during an exclusive interview with Reuters TV at his home in TripoliTRIPOLI (Reuters) - Abdel Basset al-Megrahi, the Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie, died of cancer on Sunday aged 60, leaving many questions on the attack and its aftermath unanswered. Megrahi, who said he was not responsible for bringing the jumbo jet down on the Scottish town and killing 270 people, was found guilty in 2001 but was freed in 2009 and returned to Libya because he had terminal cancer and was not expected to live long. ...


Italy quake kills six, damages historic buildings

A Carabinieri paramilitary officer stands near a damaged car after a strong aftershock struck Finale EmiliaSANT' AGOSTINO, Italy (Reuters) - A strong earthquake in northern Italy killed at least six people, injured dozens and damaged historic buildings including a famed mediaeval castle early on Sunday, waking terrified citizens and sending thousands running into the streets. The quake, which the U.S. Geological Survey recorded at magnitude 6.0, struck at 4:04 a.m. (0204 GMT) and was followed by a series of jolting aftershocks. At least two of them reached magnitude 5.1, sowing fresh panic, further damaging already weakened buildings and causing more structures to collapse. ...


A debate: Should you jump in on Facebook debut?

A television photographer shoots the Like sign outside of Facebook headquarters in Menlo Park, Calif., Friday, May 18, 2012. Facebook CEO Mark Zuckerberg symbolically opened trading on the Nasdaq stock market inside Facebook headquarters in Menlo Park. Facebook stock is starting trading today, available to the general public for the first time. The social networking site, which was started in a college dorm room eight years ago, would be valued at more than $100 billion according to the price set for shares ahead of today's trading. (AP Photo/Paul Sakuma)Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.


'Avengers' sinks 'Battleship" to remain No. 1

FILE - This file photo of a film image released by Disney shows Iron Man, portrayed by Robert Downey Jr., left, and Captain America, portrayed by Chris Evans, in a scene from "The Avengers" continues to muscle out everything else Hollywood throws at it, easily sinking naval rival "Battleship" and other new releases.


Former Israeli PM: Jerusalem must be partitioned

Israeli Prime Minister Benjamin Netanyahu arrives for a special cabinet meeting marking 'Jerusalem Day' in the Ammunition Hill memorial in Jerusalem, Sunday, May 20, 2012. 'Jeruslem Day' marks the anniversary of Israel's capture of the eastern part of the city in the 1967 Mideast war.(AP Photo/Abir Sultan, Pool)Former Prime Minister Ehud Olmert on Sunday urged Israeli leaders to relinquish the idea of a unified Jerusalem if they truly want peace, contending in a pair of interviews that years of government neglect have kept the Jewish and Arab sectors irreparably divided.


Party leaders refuse to budge on debt positions

Republicans and Democrats are refusing to budge when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation's debt.

For NY farmers, fracking means salvation _ or ruin

FILE - In this Feb. 2, 2012 file photo, organic dairy farmer Siobhan Griffin stands in a field with her cows a field at Raindance Farm in Westville, N.Y. While other states are reaping the wealth of the Marcellus Shale, New York has had a moratorium on drilling for four years while it overhauls regulations amid intense lobbying for a ban. Griffin, who raises grass-fed cows and sells organic cheese, doesn’t see gas as the answer. Rather, she fears for her cows if drilling comes to neighboring leased land. She points to Pennsylvania, where 28 cows were quarantined from sale after they drank wastewater, and Louisiana, where 17 cows died after drinking contaminated water. (AP Photo/Mike Groll, File)When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or fracking, out of New York.


U.N. seeks Iran nuclear deal before Baghdad talks

International Atomic Energy Agency (IAEA) Director General Yukiya Amano speaks during a meeting with Belarussian Foreign Minister Sergei Martynov in MinskVIENNA (Reuters) - The U.N. nuclear supervisor flies to Tehran on Sunday looking for a deal to inspect suspected weapons sites - a potential breakthrough that Iran may hope could persuade the West to start lifting sanctions and deflect threats of war. But though IAEA chief Yukiya Amano scheduled Monday's talks with Iran at such short notice that diplomats said agreement on new inspections may be near, few see Tehran convincing Western governments to ease back swiftly on punitive measures when its negotiators meet big power officials in Baghdad on Wednesday. Amano, director general of the U.N. ...


Strong quake kills 4 in Italy cheese region

Debris of collapsed buildings block a road in Finale Emilia northern Italy, Sunday, May 20. 2012. A magnitude 6 earthquake shook northern Italy early Sunday at 4:04 a.m. Sunday between Modena and Mantova, about 35 kilometers (22 miles) north of Bologna at a relatively shallow depth of 10 kilometers (6 miles). (AP Photo/Marco Vasini)A magnitude-6.0 earthquake shook several small towns in northeast Italy Sunday, killing four people, knocking down a clock tower and other centuries-old buildings and causing millions in losses to the region known for making Parmesan cheese.


Mighty Merkel may be the odd woman out

U.S. President Obama listens to German Chancellor Merkel following the G8 summit in Camp DavidCHICAGO (Reuters) - There are weeks in the political life of Angela Merkel that were surely more pleasant than the last one. Last Sunday, the German chancellor's party suffered a big loss in the regional election of North Rhine-Westphalia. On Wednesday, she sacked one of her cabinet ministers, a rare move for her, after he led the party to the election defeat. On Saturday, she looked isolated with her insistence on fiscal austerity - also known as "consolidation" -for the ailing euro zone at the G8 summit hosted by President Barack Obama at Camp David in Maryland. ...


Egypt presidential candidate joins hunger strike

Presidential candidate, Khaled Ali gestures as he speaks to his supporters in Cairo, Egypt, Sunday, May 20, 2012. Egypt's youngest presidential candidate has joined dozens of activists on hunger strike to protest the continued detention of more than 300 people who face possible military prosecution. (AP Photo/Amr Nabil)Several hundred Egyptians including a presidential candidate began a 24-hour hunger strike on Sunday to protest the continued detention of around 300 people rounded up in a mass arrest who face possible military prosecution.


Secular or Islamist? Egypt chooses a president

Sixty years after their country came under military dictatorship, Egyptians are for the first time freely electing their president.

Apple, Samsung CEOs set for U.S. court talks

To match Insight SAMSUNG/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. ...


NATO chief: No "rush for the exits" in Afghan war

Canada's PM Harper and Britain's PM Cameron wave in Chicago, ahead of the NATO SummitCHICAGO (Reuters) - NATO's chief sought on Sunday to dispel fears of a "rush for the exits" in Afghanistan as Western allies gathered to chart a path out of an unpopular war that has dragged on for more than a decade. President Barack Obama hosts the summit in his home town, Chicago, a day after major industrialized nations tackled a European debt crisis that threatens the global economy. ...


Facebook shares could fall below IPO price: Barron's

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


Insight: China pays high price to spare state firm from bankruptcy

WEIFANG, China (Reuters) - The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper. The bailout averted what would have been China's first ever bond default and was good news for domestic bond investors, who were reassured that in China even mid-sized state-owned firms can count on "too-big-to-fail" treatment. ...

Lone bomber, not mafia, sought for Italy school attack

BRINDISI (Reuters) - A bomb attack which killed a teenage girl and wounded 10 other people in the southern Italian town of Brindisi was probably done by an individual operating alone, a senior official said on Sunday, playing down initial suspicions of mafia involvement. Saturday's attack on the Francesca Morvillo Falcone school, a vocational training institute named after the wife of a famed anti-mafia judge, horrified Italy and sparked speculation it was the work of southern Italy's organized crime gangs. ...

North Korea releases detained Chinese fishermen

BEIJING (Reuters) - North Korea released a number of Chinese fishermen and boats on Sunday two weeks after seizing them, ending a rare public dispute between the two allies, Chinese state media reported. The boats were taken in the Yellow Sea between China and North Korea on May 8 - although it remains unclear whether the action was authorized by the North Korean government. The North Koreans who took the boats had demanded 1.2 million yuan ($189,800) for releasing the fishermen, then cut their price to 900,000 yuan, the owner of one of the captured vessels said last week. ...

Lawyers for fugitive Iraqi VP quit case in protest

Iraq's vice president Tariq al-Hashemi arrives to speak to the the Associated Press in Istanbul, Turkey, late Thursday, May 17, 2012. Al-Hashemi says former bodyguards who are testifying against him in a terror trial in Baghdad might have been drugged or blackmailed. The trial in absentia of Tariq al-Hashemi, who is in Turkey, started this week when agents who used to protect him said they were ordered to kill security officials and plant roadside bombs. Interpol has issued a so-called Lawyers for Iraq's fugitive Sunni vice president charged with running death squads quit the case on Sunday in protest after judges rejected their request for evidence for his defense.


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. ...

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. ...

Sudan releases four foreigners arrested in border area

KHARTOUM (Reuters) - Sudan has released four foreigners who were detained three weeks ago near the border with South Sudan following weeks of heavy clashes between the two African neighbors, officials said on Sunday. Sudan accused the four - a Briton, a Norwegian, a South African and a South Sudanese - of entering an oil-producing border area illegally to spy for South Sudan. South Sudanese officials had denied Sudan's allegations, saying the men were working with the United Nations and aid groups clearing mines, and had got lost in the remote territory. ...

Jailed Israeli president freed briefly

A prison spokeswoman says Israel's jailed former president has been freed for a few hours to attend his son's wedding.

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

The U.S. flag hangs outside the New York Stock ExchangeNEW 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. ...


Syrian army shelling kills 16 in Hama: rights groups

BEIRUT (Reuters) - Syrian army shelling killed 16 people, including children, on Sunday in the town of Souran in the central province of Hama, the British-based rights group the Syrian Observatory for Human Rights said. "The army shelled the town and then stormed it," the head of the rights group Rami Abdelrahman told Reuters, citing residents. Hama has been a focal point of Syria's 14-month uprising against President Bashar al-Assad. (Reporting by Oliver Holmes; Editing by Louise Ireland)

Yemen troops clash with al-Qaida in south; 17 dead

Fresh clashes between al-Qaida fighters and government forces in Yemen left 17 dead on Sunday, military officials said, as the army pushed on with an offensive to regain a key town in the county's south that fell to the militants more than a year ago.

Egypt's would-be "president of the poor" touts past

QALYUB, Egypt (Reuters) - The motorcade of Hamdeen Sabahy, a dark horse in Egypt's presidential race, inched over the bumpy roads of this Egyptian town led by a car booming 1960s nationalist music in homage to his hero, Gamal Abdel Nasser. The smiling leftist politician has a long history of opposition, first to Nasser's successor Anwar Sadat and then to Hosni Mubarak, who was deposed in last year's popular uprising. ...

Bomb explodes near UN observers' chief in Syria

In this citizen journalism image provided by Sham News Network SNN, an anti-Syrian regime protester, holds up a Cross and Crescent painted with colors of the Syrian revolution flag during a demonstration against Syrian President Bashar Assad, at the Damascus suburb of Yabroud, Syria, Friday, May 18, 2012. Syrian security forces fired tear gas and live ammunition to disperse thousands rallying Friday in Aleppo in what activists said was the largest protest yet in a city that has largely remained loyal to President Bashar Assad during the country's 15-month uprising. (AP Photo/Sham News Network, SNN)THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOA roadside bomb exploded in a restive suburb of the Syrian capital as senior U.N. officials toured the area on Sunday, blowing off the front of a parked vehicle but causing no casualties.


APNewsBreak: 22 states join campaign finance fight

FILE - Montana Attorney General Steve Bullock is seen at an event in which he announced the start of his 2012 gubernatorial campaign on in this Sept. 7, 2011 file photo taken in Billings, Mont. Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending. Bullock argues that political corruption in the Copper King era led to the state ban on corporate campaign spending. A clarification of Citizens United is needed to make clear that states can block certain political spending in the interest of limiting corruption, he said. On Friday, May 18, 2012 Montana's case was given a boost when U.S. Sens. John McCain, R-Ariz., and Sheldon Whitehouse, D-D-R.I., signed on in support. (AP Photo/Matthew Brown, File)Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.


Italy bombing revives memories of dark era

Children add messages of solidarity for the victims of the explosive device that went off near the A bomb blast outside a high school in southern Italy that killed a 16-year-old student has revived dark memories of the 70s and 80s, when terrorists, anarchists and organized crime carried out dozens of bloody attacks across the country.


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. ...

Pakistan blocks Twitter over contentious material

Pakistan blocked the social networking website Twitter on Sunday because it refused to remove material considered offensive to Islam, said one of the country's top telecommunications officials.

China's Wen urges more support for growth

BEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that the world's second-biggest economy will slow further in the second quarter. "We should continue to implement a proactive fiscal policy and a prudent monetary policy while giving more priority to maintaining growth," Premier Wen Jiabao said in comments reported by state news agency Xinhua. Chinese exports rose by 4. ...

China state-run businesses to invest 350 billion yuan in Chongqing

BEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. Since the fall of the once high-flying Chinese official, media reports and some investors have questioned whether Chongqing's debt-laden economy is also headed for trouble. ...

Samsung's mobile chief says has options to settle war with Apple

Students walk out of a showroom at the headquarters of Samsung Electronics in SeoulSEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc.. "There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing," Shin told reporters at Seoul airport shortly before his departure for the United States. Asked about the prospects for Samsung's memory chip business, Shin said the 4G chip shortage was expected to continue until early in the fourth quarter of this year. ...


Day after historic IPO, Facebook's Zuckerberg weds

This photo provided by Facebook shows Facebook founder and CEO Mark Zuckerberg and Priscilla Chan at their wedding ceremony in Palo Alto, Calif., Saturday, May 19, 2012. Zuckerberg updated his status to For Facebook founder and CEO Mark Zuckerberg, it was quite a week — from birthday, to IPO, to I DO.


Status update: Facebook's Mark Zuckerberg gets married

Facebook co-founder and CEO Zuckerberg and Priscilla Chan are seen in this wedding photo(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. The 28-year-old billionaire's wedding took place a day after Facebook's initial public offering on the Nasdaq stock exchange on Friday. More than 280,000 people "liked" Zuckerberg's status change, which was accompanied by a photo of the smiling couple in wedding attire in a small, verdant outdoor setting with a string of lights behind them. ...


Facebook's Mark Zuckerberg weds on day after IPO

This photo provided by Facebook shows Facebook founder and CEO Mark Zuckerberg and Priscilla Chan at their wedding ceremony in Palo Alto, Calif., Saturday, May 19, 2012. Zuckerberg updated his status to A day after the historic Facebook IPO, founder and CEO Mark Zuckerberg updated his status Saturday to "married."


Two smaller unions agree deals with Lockheed

(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. Lockheed said about 70 members of the International Brotherhood of Electrical Workers (IBEW) on Friday ratified a new contract that would extend for four years. On Saturday, a new five-year contract was approved by 430 members of the Office and Professional Employees International Union (OPEIU). Both agreements take effect on Monday. ...

Facebook's Mark Zuckerberg marries sweetheart

This photo provided by Facebook shows Facebook founder and CEO Mark Zuckerberg and Priscilla Chan at their wedding ceremony in Palo Alto, Calif., Saturday, May 19, 2012. Zuckerberg updated his status to Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday.


Google says it has China's approval for Motorola deal

Women walk past the logo of Google in front of its former headquarters in Beijing(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...


Seaway pipeline sends oil to Texas in historic reversal

HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States. The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman Rick Rainey of operating partner Enterprise Products said by email. Enbridge Inc is a 50 percent partner in the project. ...

Russia Sberbank sees sale certainty after government formed

CEO of Russian Sberbank Gref attends a plenary session of the World Economic Forum in ViennaWASHINGTON (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday. Sberbank initially planned the sale of the 7.6 percent stake, part of Russia's ambitious privatization program, last September but postponed the deal after global risk aversion wiped around $1.5 billion off the stake's value. "It seems to me that, yes, such certainty should emerge (after the cabinet announcement)," Gref said. ...


Google says it won China's approval for Motorola deal

Women walk past the logo of Google in front of its former headquarters in Beijing(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...


Audi eyes management reshuffle: CEO in magazine

FRANKFURT (Reuters) - Volkswagen's Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit's head told a German magazine. "Against the backdrop of Audi's 'Strategy 2020' it would be negligent not to think about the team line-up," Audi Chief Executive Rupert Stadler told WirtschaftsWoche in an excerpt of an article made available to Reuters on Saturday. There were "of course" discussions about organization and structure in this context but decisions have not yet been taken, he added. ...

Obama pledges tough enforcement of Wall Street reforms

U.S. President Barack Obama walks to welcome guests at the G8 summit in Camp DavidPresident Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...


Manulife, Metlife submit bids for ING Asia sale: sources

HONG KONG (Reuters) - Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever. ING's long awaited sale of Asian life insurance and the asset management units will help the Dutch bancassurer to partly repay the 3 billion euros ($3.81 billion) of state aid plus the 50 percent premium it still owes the Dutch government. The bids were submitted late on Friday and the indicative offers ranged between 6-7 billion euros ($7.6-$8. ...

CFTC opens probe into JPMorgan trading loss: source

(Reuters) - The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with the probe told Reuters. The agency will soon disclose the existence of the investigation, the source said on Friday. Earlier on Friday, the New York Times reported that the CFTC had opened an enforcement case, quoting people briefed on the matter. The CFTC would join the FBI and the U.S. ...
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