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

President Obama again to serve as honorary Cup chairman
(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.

Wall Street on track for first losing week since mid-April
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.

Yahoo joins growing list of bidders for Hulu: sources
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.

Molinari flourishes while Donald and McIlroy falter
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.

Exclusive: DBRS to rate all euro zone sovereigns by year-end
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.

Unhappy with how your fave series is faring? Amazon gives you a say
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.

Obama wants to end 'war on terror' but Congress balks
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.

Guatemalan ex-president extradited to U.S. on money laundering charges
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.

Exclusive: New York claims more proof of bank mortgage abuses
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.

State Department posts feedback on Keystone pipeline
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.

FDA warns of potentially tainted compounded steroids
(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.

DOJ subpoenas documents on Forest Labs' inhalation drug
(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.

Google eyes Waze as Facebook circles hot Web maps property
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.

Church of England unveils plan for women bishops in 2015
(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.

Valeant near deal to acquire Bausch & Lomb: source
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.

Ford to retain 1,000 jobs at French plant after deal
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.

Taliban attack international compound in Afghan capital
KABUL (Reuters) - Taliban militants launched a large-scale attack involving the United Nations in the center of the Afghan capital Kabul on Friday, sparking a five-hour battle with security forces.

Valeant near deal to acquire Bausch & Lomb -source
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.

Sandy who? Jersey shore opens for summer seven months after storm
SEASIDE HEIGHTS, New Jersey (Reuters) - The New Jersey shore ushered in the unofficial start of summer on Friday, with businesses making last-minute preparations and officials declaring the resort towns ready for visitors seven months after Superstorm Sandy.