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E-commerce software maker ChannelAdvisor soars in debut
(Reuters) - ChannelAdvisor Corp shares soared as much as 39 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling.

Wall St. pares losses, Dow edges up
NEW YORK (Reuters) - Stocks pared their losses on Thursday, with the Dow turning positive on strength in Hewlett-Packard Co and Boeing Co

New car sales seen up 6-8 percent in May: analysts
DETROIT (Reuters) - Auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.

Tour chief O'Grady apologizes for inappropriate remark
VIRGINIA WATER, England (Reuters) - European Tour chief executive George O'Grady has apologized for giving an inappropriate reaction to this week's Tiger Woods-Sergio Garcia racism row.

Commerce nominee faces questions on failed bank, tax havens
WASHINGTON (Reuters) - President Barack Obama's choice to lead the Department of Commerce faced questions on Thursday about her role in the failure of a Illinois bank in the early 2000s and her billionaire family's use of offshore tax havens to shelter income.

Iran denies its drone violated Bahrain's airspace
DUBAI (Reuters) - Iran denied on Thursday that one of its drones had violated the airspace of Bahrain, home to the U.S. Navy's Fifth Fleet, Iranian media reported.

Forest Labs' longtime CEO Solomon to step down at year-end
(Reuters) - Forest Laboratories Inc said Howard Solomon, its chief executive of more than 35 years, will retire at the end of this year, capping a tenure that saw the company morph from a small generic and vitamins maker to a $10 billion corporation.

Former Chrysler, Fisker CEO launches venture fund with Penske
DETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups.

New J&J anti-depressant related to "Special K" party drug
NEW BRUNSWICK, New Jersey (Reuters) - Johnson & Johnson said it plans to seek approvals for 11 new drugs by 2017, including a new type of treatment for patients with depression that have failed to benefit from standard medications.

McIlroy slumps to 74 after late Wentworth collapse
VIRGINIA WATER, England (Reuters) - World number two Rory McIlroy was blown off course by unseasonally cold weather at Wentworth on Thursday, bogeying five of the last six holes to sink to a two-over 74 in the PGA Championship first round.

Raikkonen would rather be left alone
MONACO (Reuters) - Kimi Raikkonen would much rather be left alone but he is happy to admit that sometimes he does not know what he is doing.

Krzyzewski to stay as U.S. basketball coach
(Reuters) - Mike Krzyzewski said on Thursday he is returning for another term as U.S. men's national basketball coach with the aim of leading the team to a third successive Olympic title at the 2016 Games in Rio.

Obama may limit drone use, discuss Guantanamo in major speech
WASHINGTON (Reuters) - President Barack Obama will vow on Thursday to be more open to the public about the U.S. fight against terrorism and may lay out limits for the use of lethal drones abroad while sketching a vision for closing the military prison in Guantanamo Bay, Cuba.

Prominent Chechen advocate shot dead in Turkish capital
ANKARA (Reuters) - A prominent figure in the Chechen diaspora in Turkey was shot at his Ankara office late on Wednesday, a North Caucasus refugee association said, the latest in a series of killings of Chechens and their sympathizers in the country in recent years.

Congo has chance for peace, U.N. ready to enforce: Ban Ki-moon
GOMA, Democratic Republic of Congo (Reuters) - Troubled eastern Congo has the best chance in years to secure a lasting peace but the United Nations stands ready to pacify the region by force if need be, U.N. Secretary General Ban Ki-moon said on Thursday.

E-commerce software maker ChannelAdvisor shares soar in debut
(Reuters) - Shares of cloud-based e-commerce software provider ChannelAdvisor Corp soared as much as 39 percent in their debut, as enterprise software makers continue to draw investor attention with their strong revenue models.

New car sales seen up about 8 percent in May: research firms
DETROIT (Reuters) - Auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.

Graphic sex in applauded lesbian love story gets Cannes buzzing
CANNES (Reuters) - An intimate love story between two young women received rave reviews from critics at the Cannes film festival despite explicit lesbian sex scenes that could limit the film's distribution.

Republican Issa to call IRS's Lerner back in Tea Party probe
WASHINGTON (Reuters) - Republican Representative Darrell Issa said on Thursday he will call Internal Revenue Service official Lois Lerner back to testify before his committee on the IRS-Tea Party scandal after she asserted her constitutional right not to answer questions.

Tesco will not pay executive bonuses without rise in profits
LONDON (Reuters) - Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain's biggest supermarket operator, the company said in its annual report on Thursday.