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| More trouble for Cohen's SAC Capital as Steinberg indicted in NY Friday, Mar 29, 2013 11:35 AM PDT  By Nate Raymond and Matthew Goldstein (Reuters) - U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager at Steven A. Cohen's hedge fund, with insider trading in two technology stocks, the most senior SAC Capital Advisors' employee to be indicted in the government's long-running probe. FBI agents arrested Steinberg at his Park Avenue home in New York City at around 6 a.m. EDT (1000 GMT). Steinberg, wearing a blue sweater, pleaded "not guilty" to charges of securities fraud and conspiracy to commit securities when he appeared at a late morning arraignment. ... Full Story | Top |
| North Korea readies rockets after U.S. show of force Friday, Mar 29, 2013 03:54 AM PDT  By David Chance and Phil Stewart SEOUL/WASHINGTON (Reuters) - North Korea put its missile units on standby on Friday to attack U.S. military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force. North Korean leader Kim Jong-un signed off on the order at a midnight meeting of top generals and "judged the time has come to settle accounts with the U.S. imperialists in view of the prevailing situation", the official KCNA news agency said. ... Full Story | Top |
| Quarter of U.S. firms in China face data theft: business lobby Friday, Mar 29, 2013 01:50 AM PDT  By Michael Martina BEIJING (Reuters) - A quarter of firms that are members of a leading U.S. business lobby in China have been victims of data theft, a report by the group said on Friday, amid growing vitriol between Beijing and Washington over the threat of cyber attacks. Twenty-six percent of members who responded to an annual survey said their proprietary data or trade secrets had been compromised or stolen from their China operations, the American Chamber of Commerce in China report said. ... Full Story | Top |
| Cyprus says threat contained, no plan to leave euro Friday, Mar 29, 2013 08:36 AM PDT  By Michele Kambas NICOSIA (Reuters) - The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate. Conservative leader Nicos Anastasiades spoke a day after banks reopened following an almost two-week shutdown imposed as the country raced to clinch a rescue package from the European Union. Officials slapped firm limits on transactions to avert a run on deposits by worried Cypriots and wealthy foreign investors. ... Full Story | Top |
| Consumer data support sturdy first-quarter growth picture Friday, Mar 29, 2013 08:51 AM PDT  By Lucia Mutikani WASHINGTON (Reuters) - Consumer spending rose in February and sentiment among Americans perked up this month, further signs of an acceleration in economic activity in the first quarter after a near stall late last year. The data on Friday also showed a rebound in income growth, putting the economy in a better shape to deal with tighter fiscal policy, particularly $85 billion in across-the-board federal government spending cuts, known as the "sequester. ... Full Story | Top |
| South Africa says Mandela makes progress, in good spirits Friday, Mar 29, 2013 05:38 AM PDT  By Shafiek Tassiem SOWETO, South Africa (Reuters) - South African former President Nelson Mandela is in good spirits and making progress, doctors said on Friday, after the 94-year-old anti-apartheid hero was taken to hospital for the third time in four months for a lung infection. The medical report was a relief to South Africans who had been anxiously praying and waiting for an update on the health of the Nobel Peace Prize laureate, hospitalized before midnight on Wednesday. Global leaders sent their best wishes. ... Full Story | Top |
| House Speaker admonishes fellow Republican for immigrant slur Friday, Mar 29, 2013 09:55 AM PDT  WASHINGTON (Reuters) - House of Representatives Speaker John Boehner on Friday condemned a reference to migrant workers made by fellow Republican Representative Don Young, calling the comments "offensive and beneath the dignity of the office." Young referred to migrant workers as "wetbacks" in a radio interview aired in his home state of Alaska on Thursday, but issued an apology late in the day after criticism. The term is considered a slur against illegal immigrants who crossed into the United States from Mexico. "My father had a ranch. We used to hire 50-60 wetbacks ... to pick tomatoes ... ... Full Story | Top |
| Bombs at five Iraqi Shi'ite mosques kill 19 Friday, Mar 29, 2013 07:31 AM PDT  BAGHDAD (Reuters) - Car bombs hit five Shi'ite mosques in Baghdad and the northern Iraqi city of Kirkuk just after prayers on Friday, killing 19 worshippers and injuring another 130. Ten years after the U.S. invasion that toppled Saddam Hussein, Iraq is still grappling with political turmoil and Sunni Islamist insurgents linked to al Qaeda, who are stepping up attacks on Shi'ite targets and security forces. ... Full Story | Top |
| No end to Italy deadlock despite president's efforts Friday, Mar 29, 2013 12:42 PM PDT  By James Mackenzie and Barry Moody ROME (Reuters) - Italy remained in political deadlock on Friday after a new round of talks led by President Giorgio Napolitano failed to break the stalemate created by elections last month that left no group able to form a government alone. Napolitano, 87, conducted a swift round of talks with the three main forces in parliament on Friday after the failure of a week of efforts by center-left leader Pier Luigi Bersani to win support for a new government. ... Full Story | Top |
| Mortar kills 15 at Damascus University, Syria says Thursday, Mar 28, 2013 01:16 PM PDT  By Oliver Holmes and Hamdi Istanbullu BEIRUT/ISTANBUL (Reuters) - Fifteen Syrian students were killed when rebel mortar shells hit a Damascus University canteen on Thursday, state-run news agency SANA said, as attacks intensified in the center of the capital. The Syrian Observatory for Human Rights, an opposition monitoring group, said a mortar killed 13 people at the university, without saying who fired the bombs. Other activists confirmed the attack but no opposition group has denied or claimed responsibility. ... Full Story | Top |
| Iran, North Korea, Syria block U.N. arms trade treaty Thursday, Mar 28, 2013 08:14 PM PDT  By Louis Charbonneau UNITED NATIONS (Reuters) - Iran, Syria and North Korea on Friday prevented the adoption of the first international treaty to regulate the $70 billion global conventional arms trade, complaining that it was flawed and failed to ban weapons sales to rebel groups. To get around the blockade, British U.N. Ambassador Mark Lyall Grant sent the draft treaty to Secretary-General Ban Ki-moon and asked him on behalf of Mexico, Australia and a number of others to put it to a swift vote in the General Assembly. U.N. ... Full Story | Top |
| Consumer sentiment jumps in March on jobs hopes Friday, Mar 29, 2013 07:37 AM PDT  By Luciana Lopez NEW YORK (Reuters) - Consumer sentiment jumped in the second half of March by a record amount as Americans discounted the effects of government spending cuts and saw more healing in the labor market, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment came in at 78.6, up from 77.6 the month before. That was well above the median forecast of 72.5 among economists polled by Reuters and a record upward revision from a preliminary reading of 71.8 in mid-March. ... Full Story | Top |
| Putin flexes Russian military muscle in naval exercise Thursday, Mar 28, 2013 01:56 PM PDT  By Alexei Anishchuk MOSCOW (Reuters) - President Vladimir Putin ordered large-scale military exercises in the Black Sea on Thursday, projecting Russian power towards Europe and the Middle East in a move that may vex neighbors. Officials suggested the surprise drill would test reaction speed and combat readiness, but Putin's order also seemed a signal to the West of Russia's presence in the region. Presidential spokesman Dmitry Peskov told reporters Putin triggered the maneuvers as he flew back overnight from South Africa after a summit of the BRICS emerging economies. ... Full Story | Top |
| South Africa's Mandela "responding positively" to treatment Thursday, Mar 28, 2013 01:52 PM PDT  By Ed Stoddard JOHANNESBURG (Reuters) - Former South African President Nelson Mandela is "responding positively" to treatment for a recurring lung infection after being admitted to hospital overnight, the government said on Thursday. "He remains under treatment and observation in hospital," it added in a statement, without giving further details about the health of the 94-year-old anti-apartheid leader. ... Full Story | Top |
| Attempt to end Italy crisis stalls, president mulls next move Thursday, Mar 28, 2013 01:57 PM PDT  By James Mackenzie and Barry Moody ROME (Reuters) - Center-left leader Pier Luigi Bersani has failed in his attempt to find a way out of Italy's political deadlock and President Giorgio Napolitano will now seek another solution, the president's palace said on Thursday. Bersani reported back to Napolitano on Thursday night after being given a mandate almost a week ago to see if he could muster enough support to form a government after the inconclusive election in February. ... Full Story | Top |
| North readies rockets after U.S. flies stealth bombers over South Thursday, Mar 28, 2013 04:18 PM PDT  By David Chance and Phil Stewart SEOUL/WASHINGTON (Reuters) - North Korea put its rocket units on standby on Friday to attack U.S. military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force. North Korean leader Kim Jong-un signed off on the order at a midnight meeting of top generals and "judged the time has come to settle accounts with the U.S. imperialists in view of the prevailing situation", official KCNA news agency said. ... Full Story | Top |
| U.S. flies stealth bombers over South Korea in warning to North Thursday, Mar 28, 2013 03:02 PM PDT  By David Chance SEOUL (Reuters) - The United States flew two nuclear-capable stealth bombers on practice runs over South Korea on Thursday, in a rare show of force following a series of North Korean threats that the Pentagon said have set Pyongyang on a dangerous path. The drill by the two B-2 Spirit bombers - flying all the way from the United States and back - appeared to be the first exercise of its kind and showed America's ability to conduct long-range, precision strikes "quickly and at will," the U.S. military said. The bomber flights, and the unusual public announcement of them by the ... Full Story | Top |
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