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U.S. bankruptcy judge urges settlement on GM ignition defects

Fri, 05/02/2014 - 13:19
NEW YORK (Reuters) - A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, though neither side seemed ready to negotiate quite yet.

AstraZeneca rejects Pfizer's raised bid of $106 billion

Fri, 05/02/2014 - 11:22
LONDON (Reuters) - U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company.






Syrian rebel offensive encroaches on last chemical stockpile

Fri, 05/02/2014 - 10:33
BEIRUT (Reuters) - A Syrian rebel offensive aimed at easing a government siege east of Damascus has brought fighting closer to the last declared stockpile of President Bashar al-Assad's chemical weapons, according to diplomats and activists.

Vatican needs 'change of mentality', transparent finances: Pope

Fri, 05/02/2014 - 09:27
VATICAN CITY (Reuters) - Vatican administrators need a "change of mentality" and must ensure that the Holy See's finances are efficient, transparent and primarily aimed at helping the most needy, Pope Francis said on Friday.






Overheating? London sets record with $237 million apartment sale

Fri, 05/02/2014 - 09:25
LONDON (Reuters) - London's red-hot property market has struck a new record with the sale of a 140 million pound ($237 million) unfurnished apartment, but even the developer of the opulent building warned that some asking prices in Britain were unsustainable.

Bombs, protests hit Egypt in run-up to presidential election

Fri, 05/02/2014 - 09:18
CAIRO (Reuters) - Two suicide bombings in Egypt's South Sinai killed a soldier and wounded at least seven people on Friday, less than four weeks before a presidential election is due to be held, official sources said.

NBA panel agrees to act swiftly on bid to oust Clippers owner

Fri, 05/02/2014 - 08:44
NEW YORK (Reuters) - The National Basketball Association on Thursday launched its bid to oust Donald Sterling as owner of the Los Angeles Clippers for racist comments as a panel of 10 fellow team owners or their proxies unanimously agreed to proceed "as expeditiously as possible," the NBA said.






U.S. factory orders up, durable goods revised higher

Fri, 05/02/2014 - 08:32
WASHINGTON (Reuters) - New orders for U.S. factory goods rose for a second straight month in March, suggesting strength in manufacturing and the broader economy at the end of the first quarter.

Vatican needs 'change of mentality', transparent finances: pope

Fri, 05/02/2014 - 07:35
VATICAN CITY (Reuters) - Vatican administrators need a "change of mentality" and must ensure that the Holy See's finances are efficient, transparent and primarily aimed at helping the most needy, Pope Francis said on Friday.






Overheating? London sets record with $237 million apartment sale

Fri, 05/02/2014 - 07:10
LONDON (Reuters) - London's red-hot property market has struck a new record with the sale of a 140 million pound ($237 million) unfurnished apartment, but even the developer of the opulent building warned that some asking prices in Britain were unsustainable.






Chevron's profit drops on lower production, crude prices

Fri, 05/02/2014 - 07:08
(Reuters) - Chevron Corp, the second-largest U.S. oil producer, posted a lower-than-expected quarterly profit on Friday on lower global production and crude oil prices.

Subway trains crash in South Korean capital, 200 people hurt

Fri, 05/02/2014 - 07:05
SEOUL (Reuters) - South Korea suffered its second serious transport accident in just over two weeks on Friday when a subway train in the capital, Seoul, crashed into a train at a station, injuring 200 people although no one was killed.






For some sports legends, first jobs included garbage man, phone rep

Fri, 05/02/2014 - 06:54
NEW YORK (Reuters) - For American sports fans, this time of year is something close to Nirvana.

Red herring in hunt for MH370 highlights air traffic flaws

Fri, 05/02/2014 - 06:18
PARIS (Reuters) - Fresh questions have been raised over air traffic co-ordination after a preliminary report on the Malaysia Airlines plane that disappeared almost two months ago revealed 90 minutes of wasted effort while controllers looked in the wrong country.






Car bombs in central Syria kill 18: state TV

Fri, 05/02/2014 - 05:51
BEIRUT (Reuters) - Two car bombs in Syria's central province of Hama killed 18 people, including 11 children, and wounded 50 others on Friday, state television said.

Euro zone factory recovery broadens, except for France

Fri, 05/02/2014 - 04:37
LONDON (Reuters) - The recovery in euro zone manufacturing accelerated at the start of the second quarter with solid growth across most of the bloc although French factories struggled to maintain momentum, a business survey showed on Friday.






Google faces antitrust lawsuit on U.S. mobile internet search

Fri, 05/02/2014 - 04:31
(Reuters) - Consumer rights law firm Hagens Berman said it filed a nationwide antitrust class-action lawsuit against Google Inc alleging the company "illegally monopolized" the Internet and mobile search market in the United States.

Euro zone joblessness barely falls in March

Fri, 05/02/2014 - 03:10
BRUSSELS (Reuters) - The number of people out of work in the euro zone fell slightly in March but remained near a record high, a sign that European households are yet to feel the bloc's economic recovery and are unlikely help generate growth in the short term.

Los Angeles Clippers owner Sterling battling cancer: report

Fri, 05/02/2014 - 01:52
LOS ANGELES (Reuters) - Los Angeles Clippers owner Donald Sterling, newly banned from basketball over racist comments attributed to him, has been battling prostate cancer, sports network ESPN and other media reported on Thursday.

SEC probing hedge funds' bets on Herbalife

Thu, 05/01/2014 - 22:01
BOSTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is probing whether a number of hedge funds many have acted improperly when they made bets on nutrition and weight loss company Herbalife Ltd last year, a source said.