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IMF's Lagarde escapes formal investigation in French case
IMF's Lagarde escapes formal investigation in French case
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PARIS (Reuters) - French magistrates decided on Friday not to place IMF chief Christine Lagarde under formal investigation over her role in a 285-million-euros ($368.5 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.

Created 3 minutes ago


U.S. awards medals to four girls killed in 1963 civil rights bombing
U.S. awards medals to four girls killed in 1963 civil rights bombing
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(Reuters) - President Barack Obama signed a bill into law on Friday granting the United States' highest civilian honor to four black girls killed in a civil rights-era church bombing that shocked the nation in 1963.
Created 5 minutes ago


Exclusive: Mall owner General Growth eyes NY's Madison Ave - sources
Exclusive: Mall owner General Growth eyes NY's Madison Ave - sources
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NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties in a bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources familiar with the deal.

Created 8 minutes ago


Tiger Global invests $50 million in Automattic's WordPress
Tiger Global invests $50 million in Automattic's WordPress
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SAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress, announced a $50 million investment from hedge fund Tiger Global on Friday.
Created 29 minutes ago


President Obama again to serve as honorary Cup chairman
President Obama again to serve as honorary Cup chairman
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(Reuters) - President Barack Obama has accepted an invitation to be honorary chairman of this year's Presidents Cup, the second time he will fulfil the role at the biennial team competition, the PGA Tour said on Friday.

Created 40 minutes ago


Wall Street on track for first losing week since mid-April
Wall Street on track for first losing week since mid-April
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NEW YORK (Reuters) - Stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.
Created 53 minutes ago


Yahoo joins growing list of bidders for Hulu: sources
Yahoo joins growing list of bidders for Hulu: sources
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LOS ANGELES (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
Created about an hour ago


Molinari flourishes while Donald and McIlroy falter
Molinari flourishes while Donald and McIlroy falter
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VIRGINIA WATER, England (Reuters) - Francesco Molinari flourished while several of his European Ryder Cup team mates fell flat on their faces as the Italian grabbed the lead in the PGA Championship second round on Friday.
Created about an hour ago


Exclusive: DBRS to rate all euro zone sovereigns by year-end
Exclusive: DBRS to rate all euro zone sovereigns by year-end
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NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's debt is as collateral.
Created about an hour ago


Unhappy with how your fave series is faring? Amazon gives you a say
Unhappy with how your fave series is faring? Amazon gives you a say
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SAN FRANCISCO (Reuters) - Amazon is once again shaking up traditional publishing models. This time, it's giving fans a chance to add their own personal touches to their favorite fiction - and get paid in the process.
Created about an hour ago


Obama wants to end 'war on terror' but Congress balks
Obama wants to end 'war on terror' but Congress balks
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WASHINGTON (Reuters) - President Barack Obama wants to roll back some of the most controversial aspects of the U.S. "war on terror," but efforts to alter the global fight against Islamist militants will face the usual hurdle at home: staunch opposition from Republicans in Congress.
Created 1 hour ago


Guatemalan ex-president extradited to U.S. on money laundering charges
Guatemalan ex-president extradited to U.S. on money laundering charges
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GUATEMALA CITY (Reuters) - Former Guatemalan President Alfonso Portillo was extradited on Friday to the United States to face money laundering charges, the U.S. embassy in Guatemala said.
Created 1 hour ago


Exclusive: New York claims more proof of bank mortgage abuses
Exclusive: New York claims more proof of bank mortgage abuses
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NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.
Created 1 hour ago


State Department posts feedback on Keystone pipeline
State Department posts feedback on Keystone pipeline
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WASHINGTON (Reuters) - The State Department says it is taking the unusual step of releasing publicly the feedback it has received about a controversial pipeline project after an "unprecedented" response to its draft environmental report.
Created 1 hour ago


FDA warns of potentially tainted compounded steroids
FDA warns of potentially tainted compounded steroids
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(Reuters) - The Food and Drug Administration said on Friday it has received seven reports of negative reactions by patients who took steroid injections compounded by a pharmacy in Tennessee.

Created 1 hour ago


DOJ subpoenas documents on Forest Labs' inhalation drug
DOJ subpoenas documents on Forest Labs' inhalation drug
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(Reuters) - Drugmaker Forest Laboratories received a subpoena earlier this month from U.S. prosecutors requesting documents relating to its small-selling lung disorder product, the Tudorza Pressair inhaler, the company said in a filing.

Created 1 hour ago


Google eyes Waze as Facebook circles hot Web maps property
Google eyes Waze as Facebook circles hot Web maps property
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SAN FRANCISCO (Reuters) - Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.

Created 1 hour ago


Church of England unveils plan for women bishops in 2015
Church of England unveils plan for women bishops in 2015
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(Reuters) - The Church of England published a plan on Friday to approve the ordination of women bishops by 2015, a widely supported reform it just missed passing last November after two decades of divisive debate.
Created 2 hours ago


Valeant near deal to acquire Bausch & Lomb: source
Valeant near deal to acquire Bausch & Lomb: source
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NEW YORK (Reuters) - Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch & Lomb Holdings Inc from Warburg Pincus LLC for about $9 billion, a person familiar with the matter said on Friday.
Created 2 hours ago


Ford to retain 1,000 jobs at French plant after deal
Ford to retain 1,000 jobs at French plant after deal
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BLANQUEFORT, France (Reuters) - Car maker Ford will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory operating.
Created 2 hours ago