• Obama orders review of guidelines for probing journalists

    Reuters - 35 minutes ago

    By Jeff Mason WASHINGTON (Reuters) - President Barack Obama said on Thursday he directed Attorney General Eric Holder to conduct a review of Department of Justice guidelines for investigations that involve journalists and report back by early July. Obama has come under criticism for his administration's pursuit of journalists who have reported leaked material. In recent weeks, it emerged that the Justice Department seized Associated Press phone records as part of a probe into leaks about a 2012 Yemen-based plot to bomb a U.S. ... More »Obama orders review of guidelines for probing journalists

  • U.S. Commerce nominee poised for swift Senate approval

    Reuters - 36 minutes ago

    By Doug Palmer WASHINGTON (Reuters) - Chicago billionaire Penny Pritzker on Thursday appeared on her way to becoming U.S. commerce secretary, after a top Republican lawmaker said she had answered most of his questions about her role in the failure of an Illinois bank and her family's use of an offshore tax haven. "I can't see that there is anything that would keep her from getting through the process in pretty good shape," Senator John Thune of South Dakota, the top Republican on the Senate Commerce Committee, said after a hearing on her nomination. ... More »U.S. Commerce nominee poised for swift Senate approval

  • Mass sell-off in Spain's Bankia hit small investors

    Reuters - 39 minutes ago

    MADRID (Reuters) - Small investors in shares of in Spain's nationalised lender Bankia suffered new massive losses on Thursday as the stock plunged by more than 50 percent amid an abnormally high volume of trading which the stock market regulator said would be looked at closely. Tens of thousands of small savers, who were often missold preference shares and hybrid debt in Bankia, swapped their investment for ordinary shares on Thursday at a an average discount of around 40 percent. ... More »Mass sell-off in Spain's Bankia hit small investors

  • Brazil to open huge oil field to auction

    AFP - 42 minutes ago

    Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find. More »Brazil to open huge oil field to auction

  • Aveo says partner Astellas will not seek EU nod for kidney cancer drug

    Reuters - 42 minutes ago

    (Reuters) - Aveo Pharmaceuticals Inc said it was informed by its partner Astellas Pharma Inc that the Japanese company would not be seeking marketing approval for their experimental kidney cancer drug in Europe. Aveo shares fell about 13 percent in extended trade, after closing at $2.70 on the Nasdaq. They have lost about 55 percent of their value since April 30, when FDA reviewers raised questions about the drug. Astellas does not intend to fund any future studies of the drug, tivozanib, in renal cell cancer, Aveo said in a regulatory filing on Thursday. (http://r.reuters. ... More »Aveo says partner Astellas will not seek EU nod for kidney cancer drug

  • Proxy advisory firm settles SEC charges over data breach

    Reuters - 43 minutes ago

    By Sarah N. Lynch WASHINGTON (Reuters) - Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets. The Securities and Exchange Commission said on Thursday that ISS, a unit of MSCI Inc, will pay a $300,000 penalty and hire an independent compliance consultant. In settling, ISS neither admitted nor denied the SEC allegations that it violated financial adviser rules designed to prevent misuse of material non-public customer information. ... More »Proxy advisory firm settles SEC charges over data breach

  • Boy Scouts of America delegates vote to remove ban on gay scouts

    Reuters - 45 minutes ago

    GRAPEVINE, Texas (Reuters) - The Boy Scouts of America approved a proposal on Thursday to end a ban on openly gay scouts that has been in place throughout the organization's 103-year history, the group said in a statement. The vote by more than 1,400 members of the group's National Council came amid intense lobbying by gay-rights activists and members of conservative organizations. The change does not remove the organization's ban on gay adult leaders. (Reporting by Marice Richter; Editing by Cynthia Johnston) More »Boy Scouts of America delegates vote to remove ban on gay scouts

  • Google faces new federal antitrust probe - source

    Reuters - 49 minutes ago

    WASHINGTON (Reuters) - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in web display advertising, breaks antitrust law in how it handles some ad sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent out civil investigative demands in relation to the probe, which would be the sign of a formal and more serious investigation. ... More »Google faces new federal antitrust probe - source

  • California reveals prices for health insurance under Obamacare

    Reuters - 52 minutes ago

    By Sharon Bernstein LOS ANGELES (Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation. Under the federal health care reform law, Californians who do not get or cannot afford health insurance through their jobs can buy coverage through an exchange, at a group rate negotiated by state regulators. ... More »California reveals prices for health insurance under Obamacare

  • Lawmaker would give FDA more oversight of drug compounding

    Reuters - 57 minutes ago

    By Toni Clarke WASHINGTON (Reuters) - Representative Edward Markey, a Democrat from Massachusetts, on Thursday became the latest lawmaker to propose legislation that would give the U.S. Food and Drug Administration greater regulatory authority over drug compounding. U.S. lawmakers, responding to a deadly meningitis outbreak in 2012, continue to wrestle with ways to regulate the pharmacies that compound large volumes of drugs for hospitals, individuals and clinics. ... More »Lawmaker would give FDA more oversight of drug compounding

  • Angie's List eyes 'year of transition' as cashflow turns positive

    Reuters - 59 minutes ago

    By Chandni Doulatramani and Supantha Mukherjee (Reuters) - Angie's List Inc expects cashflow to turn positive this year as it spends less on acquiring new paid customers for its consumer review website, the company's co-founder said, fending off criticism of its business model by short-seller Citron Research. Chief Executive William Oesterle said Angie's List, which compiles reviews on everything from plumbers to pediatricians, said a recovery in U.S. consumer confidence might also help the company to post its maiden profit in 2014. ... More »Angie's List eyes 'year of transition' as cashflow turns positive

  • U.S. House won't follow Senate lead on immigration bill: Boehner

    Reuters - 1 hour 1 minute ago

    By Richard Cowan and Rachelle Younglai WASHINGTON (Reuters) - U.S. House of Representatives Speaker John Boehner said on Thursday his chamber would chart its own path on immigration rather than simply considering a Senate-passed measure, quashing hopes some Democrats had for quickly enacting the landmark legislation. "While we applaud the progress made by our Senate colleagues, there are numerous ways in which the House will approach the issue differently," Boehner said in a statement. "We will not simply take up and accept the bill that is emerging in the Senate if it passes," he added. ... More »U.S. House won't follow Senate lead on immigration bill: Boehner

  • James and Bryant headline All-NBA selections

    Reuters - 1 hour 1 minute ago

    REUTERS - Most Valuable Player LeBron James of the Miami Heat and veteran Kobe Bryant of the Los Angeles Lakers headlined the list of players selected for the All-NBA team, the league said on Thursday. Kevin Durant of the Oklahoma City Thunder, Tim Duncan of the San Antonio Spurs and Chris Paul of the Los Angeles Clippers joined James and Bryant on the first team. James, who has won four of the last five league MVP awards, earned first team honors for a sixth consecutive season and seventh overall since entering the National Basketball Association (NBA) in 2003. ... More »James and Bryant headline All-NBA selections

  • 'S.W.A.T.' actor Steve Forrest dead at age 87

    Reuters - 1 hour 2 minutes ago

    LOS ANGELES (Reuters) - U.S. actor Steve Forrest, who was best known for a leading role on the short-lived 1970s television drama "S.W.A.T.," has died at the age of 87 in Thousand Oaks, California, near Los Angeles, his wife Christine said on Thursday. Forrest appeared in 1954's "Prisoner of War," which also featured Ronald Reagan, who was later elected U.S. president. In 1960's "Flaming Star," he played alongside Elvis Presley and Barbara Eden. Forrest's older brother, Dana Andrews, was the star of 1940s films "Laura" and "The Best Years of Our Lives. ... More »'S.W.A.T.' actor Steve Forrest dead at age 87

  • First edition of 'Great Gatsby' to be sold at auction

    Reuters - 1 hour 3 minutes ago

    NEW YORK (Reuters) - A first edition copy of F. Scott Fitzgerald's masterpiece, "The Great Gatsby," will be up for sale next month and could fetch up to $150,000, Sotheby's said on Thursday. The book, which once belonged to the critic and author Malcolm Cowley, will go under the hammer along with a group of Fitzgerald's letters and an unpublished poem in the June 11 books and manuscript sale in New York. ... More »First edition of 'Great Gatsby' to be sold at auction

  • 'The Hangover' franchise over, say actors

    IANS - 1 hour 4 minutes ago

    Los Angeles, May 24 (IANS) For Comedian Ed Helms and actor Bradley Cooper, actors of the successful "The Hangover" films, the franchise is "over". More »'The Hangover' franchise over, say actors

  • New light rocket Angara ready for launch

    IANS - 1 hour 4 minutes ago

    Moscow, May 24 (IANS/RIA Novosti) Russia's first light-class modification Angara 1.2PP carrier rocket is ready for its maiden launch, its manufacturer Khrunichev Center said. More »New light rocket Angara ready for launch

  • IRS official at center of scandal takes administrative leave

    Reuters - 1 hour 6 minutes ago

    By Kim Dixon WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official who this week asserted her right not to answer questions about the controversy over extra scrutiny for conservative groups, took administrative leave on Thursday, a congressional source close to the matter said. Lerner, head of the IRS tax-exempt division, has become a lightning rod in the fracas over extra scrutiny the agency gave to Tea Party and other conservative groups seeking tax-exempt status. ... More »IRS official at center of scandal takes administrative leave

  • Parents sue Pittsburgh Zoo over toddler's mauling death

    Reuters - 1 hour 7 minutes ago

    By Jonathan Barnes PITTSBURGH (Reuters) - The parents of a 2-year-old boy mauled to death by African wild dogs at the Pittsburgh Zoo & PPG Aquarium filed a lawsuit on Thursday accusing the zoo of failing to protect visitors from dangerous conditions. Maddox Derkosh was fatally mauled on November 4, 2012 at the zoo's now-closed African dogs exhibit when he was lifted by his mother onto a railing to get a better view and fell. ... More »Parents sue Pittsburgh Zoo over toddler's mauling death

  • Ally settlement may be a boon for ResCap bondholders

    Reuters - 1 hour 10 minutes ago

    By Nick Brown NEW YORK (Reuters) - While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal. Under an agreement made public on Thursday, MBIA and FGIC, which insured residential mortgage-backed securities issued by ResCap, get about $1 billion - a bigger share of the total pot than they would have received in an earlier version of the settlement. Other bond insurers get a total of $96 million. ... More »Ally settlement may be a boon for ResCap bondholders

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