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P&G CEO switch will not lead to big strategy change-CFO
(Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker.

U.S. casts doubt on credibility of Iranian election
TEL AVIV (Reuters) - The United States on Friday called into question the credibility of Iran's presidential election next month, criticizing the disqualification of candidates and accusing the government of disrupting Internet access.

Dish and nTelos to jointly develop broadband service
(Reuters) - Satellite TV provider Dish Network Corp and wireless network provider nTelos Holdings Corp said they would jointly develop a broadband service within nTelos's coverage territory serving parts of Virginia, Maryland and a few other states.

SAP says cloud computing specialist Dalgaard to leave
FRANKFURT (Reuters) - German business software maker SAP said on Friday that Lars Dalgaard, who had widely been expected to lead its cloud computing business, was leaving.

Futures trim declines after durable goods
NEW YORK (Reuters) - Stock index futures trimmed declines on Friday after data showed orders for durable goods rose more than expected last month, providing an encouraging sign for the factory sector.

Durable goods orders rise, point to factory sector resilience
WASHINGTON (Reuters) - Orders for long-lasting manufactured goods rose more than expected in April, a sign of resilience in the factory sector despite belt-tightening in Washington and weakness in overseas markets.

BA jet makes emergency landing after engine fire
LONDON (Reuters) - A British Airways plane with 80 people on board made an emergency landing at London's Heathrow airport on Friday after the right engine burst into flames shortly after take-off and the casing ripped away from the left.

Futures fall, Wall Street set for weekly decline
NEW YORK (Reuters) - Stock index futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its support to the economy.

Raiffeisen CEO quits over offshore deals
VIENNA (Reuters) - Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators.

Large blast heard in center of Afghan capital
KABUL (Reuters) - A large blast was heard in the center of the Afghan capital, Kabul, on Friday with a Reuters witness hearing heavy shooting directly afterwards.

Yemen's main oil pipeline attacked, pumping stopped
SANAA (Reuters) - Attackers blew up Yemen's main oil export pipeline on Friday, halting the flow of crude, the government and industry sources said.

Analysis: German economy to pick up but fall short of traditional pace
BERLIN (Reuters) - Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.

EU risks "too big to cooperate" bank supervision
BRUSSELS/LONDON (Reuters) - The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks does not fragment into two competing systems, one of the architects of the reforms told a public hearing on Friday.

European soccer final adds new chapter to Adidas-Puma rivalry
FRANKFURT/LONDON (Reuters) - German sportswear makers Adidas and Puma will renew their own decades-old rivalry when Bayern Munich and Borussia Dortmund meet in the Champions League Final at Wembley on Saturday.

Korean women scrap meeting Japanese mayor over brothel remarks
OSAKA, Japan (Reuters) - Two elderly South Korean women forced to work in Japanese war-time military brothels canceled a meeting on Friday with the mayor of the city of Osaka after he refused to withdraw remarks asserting the brothels were "necessary" at the time.

Futures slip, Wall Street set for weekly decline
NEW YORK (Reuters) - Stock futures fell on Friday, setting up Wall Street for its first weekly decline since mid April, amid concern the central bank may scale back its support to the economy.

Kerry says Israelis, Palestinians must make tough decisions
TEL AVIV (Reuters) - Israeli and Palestinian leaders are nearing crunch time, when they must decide whether to revive long-dormant peace negotiations to end their decades-old conflict, U.S. Secretary of State John Kerry said on Friday.

U.S.casts doubt on credibility of Iranian election
TEL AVIV (Reuters) - The United States on Friday called into question the credibility of Iran's presidential election next month, criticizing the disqualification of candidates and accusing the government of disrupting Internet access.

Nadal, Djokovic on semi-final collision course in Paris
PARIS (Reuters) - Defending French Open champion Rafael Nadal was drawn in the same half as world number one Novak Djokovic on Friday as the Spanish claycourt machine chases a record eighth title at Roland Garros.

North Korea says will take 'positive steps' for peace
BEIJING (Reuters) - A North Korean envoy told China's president on Friday that his reclusive country was willing to take "positive actions" to ensure peace and stability on the Korean peninsula, as China steps up diplomatic efforts to bring Pyongyang back to talks.