World News

Thu, February 02, 2012

Sony disappoints with $1.2 billion quarterly operating loss

TOKYO (Reuters) - Sony Corp fell into a 91.7 billion yen ($1.2 billion) operating loss in October-December, a disappointing result for the usually ...

Wed, February 01, 2012

Glencore nearing deal to combine with Xstrata

(Reuters) - Glencore International is nearing an agreement to combine with Xstrata in a deal that may value the combined entity at 52 billion pounds ...

Wed, February 01, 2012

JPMorgan wows Wall Street with Facebook IPO win

By Nadia Damouni

NEW YORK (Reuters) - JPMorgan Chase & Co surprised Wall Street by winning a leading role in Facebook's much anticipated public offering ...

Wed, February 01, 2012

U.S. accuses China of instigating plot against DuPont

By Dan Levine

SAN FRANCISCO (Reuters) - Federal authorities successfully kept a U.S. businessman in jail on Wednesday ahead of his trial on charges ...

Wed, February 01, 2012

House votes to extend federal pay freezes

WASHINGTON (Reuters) - The House of Representatives, seeking to cut the U.S. deficit and burnish its own tarnished image, passed a bill on Wednesday ...

Wed, February 01, 2012

Factbox: The world's largest social network

SAN FRANCISCO (Reuters) - Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for ...

Wed, February 01, 2012

Exclusive: MF Global triggers regulatory rethink at CFTC

By Christopher Doering

WASHINGTON (Reuters) - The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated ...

Wed, February 01, 2012

Stanford used CD funds for cricket, jets: witness

By Anna Driver

HOUSTON (Reuters) - Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other ...

Wed, February 01, 2012

Egypt soccer violence kills 74, fans turn on army

By Sherine El Madany and Yusri Mohamed

PORT SAID, Egypt (Reuters) - Seventy-four people were killed when supporters clashed at an Egyptian soccer match, prompting ...

Wed, February 01, 2012

AMR wants to cut 13,000 jobs, pensions

By Kyle Peterson

(Reuters) - AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as ...