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Bernanke points to reduced Fed bond buying this year
Bernanke points to reduced Fed bond buying this year
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WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high.

Created less than 20 seconds ago


After four decades, Black Sabbath tops U.S. album chart
After four decades, Black Sabbath tops U.S. album chart
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LOS ANGELES (Reuters) - Veteran heavy-metal band Black Sabbath landed its first No. 1 album on the Billboard 200 album chart on Wednesday, more than four decades after the rockers debuted their first album in the United States.
Created 5 minutes ago


Russian official says statement on railway chief dismissal was hoax
Russian official says statement on railway chief dismissal was hoax
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MOSCOW (Reuters) - A statement announcing that Prime Minister Dmitry Medvedev had dismissed Russian Railways chief Vladimir Yakunin was a hoax, Medvedev's spokeswoman Natalya Timakova said on Wednesday.

Created 9 minutes ago


Boston poised to begin condom giveaway in high schools
Boston poised to begin condom giveaway in high schools
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(Reuters) - Students at all Boston public high schools may soon be able to obtain free condoms at the front office - as long as they sit through a few minutes of counseling about safe sex - under a policy due to be voted on Wednesday by the school board.

Created 11 minutes ago


Wall St. falls as Bernanke outlines stimulus exit
Wall St. falls as Bernanke outlines stimulus exit
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NEW YORK (Reuters) - Stocks fell in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continued to improve.

Created 14 minutes ago


Nvidia's stock jumps on license plan; Wall Street eyes Apple
Nvidia's stock jumps on license plan; Wall Street eyes Apple
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(Reuters) - Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.
Created 15 minutes ago


Icahn reiterates commitment for Dell buy
Icahn reiterates commitment for Dell buy
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NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day in an open letter to Dell shareholders.
Created 20 minutes ago


New 'Obamacare' exchanges could miss enrollment deadline - GAO
New 'Obamacare' exchanges could miss enrollment deadline - GAO
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(Reuters) - New health insurance exchanges being set up by the federal government in more than 30 states under President Barack Obama's 2010 healthcare overhaul could miss an October 1 deadline for open enrollment, a government report said on Wednesday.

Created 24 minutes ago


New 'Obamacare' exchanges could miss enrollment deadline - GAO
New 'Obamacare' exchanges could miss enrollment deadline - GAO
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(Reuters) - New health insurance exchanges being set up by the federal government in more than 30 states under President Barack Obama's 2010 healthcare overhaul could miss an October 1 deadline for open enrollment, a government report said on Wednesday.

Created 25 minutes ago


Brazil protests proceed as smaller cities join the fray
Brazil protests proceed as smaller cities join the fray
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SAO PAULO/FORTALEZA (Reuters) - Protesters blocked roads in Sao Paulo and marched toward a stadium hosting a major international soccer game in Brazil's northeast on Wednesday in a growing wave of nationwide demonstrations against poor public services, inflation and other woes in Latin America's biggest country.
Created 26 minutes ago


U.S. to restart migration talks with Cuba: State Dept
U.S. to restart migration talks with Cuba: State Dept
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MIAMI (Reuters) - The United States and Cuba will resume immigration talks next month after a break of more than two years, the State Department said on Wednesday.
Created 34 minutes ago


Gyula Horn, the man who tore the Iron Curtain, dies at 80
Gyula Horn, the man who tore the Iron Curtain, dies at 80
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BUDAPEST (Reuters) - Gyula Horn, who as Hungary's last communist foreign minister ripped a hole in the Iron Curtain in 1989, has died at the age of 80 after long illness, the government said on Wednesday.

Created 36 minutes ago


Britain fails to get EU backing for Hezbollah blacklisting
Britain fails to get EU backing for Hezbollah blacklisting
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BRUSSELS (Reuters) - A British drive to put Hezbollah's armed wing on the EU's terror list again ran into resistance on Wednesday from governments concerned it would fuel instability in the Middle East, diplomats said.
Created 37 minutes ago


Greek party leaders to meet Thursday over ERT impasse
Greek party leaders to meet Thursday over ERT impasse
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ATHENS (Reuters) - Greece's ruling coalition leaders will meet again on Thursday to resolve an impasse over last week's closure of state broadcaster ERT after failing to reach agreement during talks on Wednesday, PASOK leader Evangelos Venizelos said.
Created 38 minutes ago


Theft of F-35 design data is helping U.S. adversaries: Pentagon
Theft of F-35 design data is helping U.S. adversaries: Pentagon
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WASHINGTON (Reuters) - The theft of sensitive design data by hackers targeting programs like the F-35 Joint Strike Fighter takes away a big U.S. advantage by allowing rivals to speed up development of their own stealth aircraft, a top Pentagon official said on Wednesday.
Created 41 minutes ago


Web retailer Fab valued at $1 billion with funding from Tencent
Web retailer Fab valued at $1 billion with funding from Tencent
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(Reuters) - Fab has raised $150 million from several investors, including Tencent Holdings , that values the online retailer at $1 billion.
Created 43 minutes ago


Exclusive - Forest keen to bid for Irish drugmaker Elan - sources
Exclusive - Forest keen to bid for Irish drugmaker Elan - sources
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NEW YORK (Reuters) - Forest Laboratories Inc , the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp , two people familiar with the situation said.

Created 44 minutes ago


Fed keeps buying bonds, but sees economic risks easing
Fed keeps buying bonds, but sees economic risks easing
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WASHINGTON (Reuters) - The Federal Reserve on Wednesday said risks to the outlook for the U.S. economy and job market had eased since last fall, but it said it would keep buying $85 billion in bonds per month given the still-high level of unemployment.

Created about an hour ago


Vince Flynn, author of Mitch Rapp thriller series, dead from cancer
Vince Flynn, author of Mitch Rapp thriller series, dead from cancer
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LOS ANGELES (Reuters) - Vince Flynn, the best-selling author of the Mitch Rapp series of political thrillers that includes "American Assassin" and "The Last Man," died on Wednesday at age 47 after a battle with prostate cancer, his representatives said.

Created about an hour ago


U.S. to restart migration talks with Cuba: State Department
U.S. to restart migration talks with Cuba: State Department
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MIAMI (Reuters) - The United States and Cuba will resume immigration talks next month after a break of more than two years, the State Department said on Wednesday.
Created about an hour ago