Monday, March 5, 2012

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Monday, March 5, 2012 12:01 AM PST
Today's Reuters News Headlines - Yahoo! News:
Romney gains strength ahead of Super Tuesday
Sun,4 Mar 2012 06:23 PM PST
Reuters -

Republican presidential candidate and former Massachusetts Governor Romney speaks at a campaign rally in KnoxvilleWASHINGTON (Reuters) - Mitt Romney closed in on Rick Santorum in Ohio and picked up a crucial endorsement in Virginia on Sunday as he grows in strength ahead of "Super Tuesday," the biggest day yet in the race for the 2012 Republican presidential nomination. A Reuters/Ipsos poll found Romney, a former Massachusetts governor, is tied with Santorum at 32 percent support from likely voters in the Ohio Republican primary, the most important of the 10 state nominating contests on Tuesday. ...


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Russia's Putin faces protests after poll triumph
Sun,4 Mar 2012 10:14 PM PST
Reuters -

Russia's current PM and presidential candidate Putin visits his campaign headquarters in MoscowMOSCOW (Reuters) - Vladimir Putin faces new protests on Monday to challenge his victory in a presidential election he said had prevented Russia from falling into the hands of enemies trying to usurp power. Putin's opponents, complaining of widespread fraud in Sunday's election, said they did not recognize the results and would rally near the Kremlin at 7 p.m. (1500 GMT). But the former KGB spy, who after four years as prime minister will be returning to the post he held from 2000 until 2008, said with tears rolling down his cheeks that he had won a "clean" victory. "I promised you we would ...


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U.S. to offer legal backing for "targeted killing": source
Sun,4 Mar 2012 08:08 PM PST
Reuters -

Anwar al-Awlaki, a U.S.-born cleric linked to al Qaeda's Yemen-based wing, gives a religious lecture in an unknown locationThe Obama administration on Monday plans to outline how U.S. laws empower the government to kill Americans overseas who engage in terrorism against their home country, a source familiar with the matter said, months after a drone strike killed a U.S.-born cleric who plotted attacks from Yemen. Civil liberties groups have been pressuring the administration to offer justification for what has been described as a top-secret "targeted kill" program in which Americans who have joined al Qaeda or other militants are deemed legitimate targets to be killed overseas. U.S. ...


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Obama warns against "loose talk" of war on Iran
Sun,4 Mar 2012 03:19 PM PST
Reuters -

Obama stands with Rosenberg as he takes the stage to deliver remarks to AIPAC's policy conference in WashingtonWASHINGTON (Reuters) - President Barack Obama warned on Sunday against "loose talk" of a war with Iran ahead of a crucial meeting in which he will urge Israel's prime minister to avoid a premature strike on the Islamic Republic's nuclear facilities. On the eve of his talks with Benjamin Netanyahu, Obama used a speech to the pro-Israel U.S. lobbying group AIPAC to pledge his staunch support for the Jewish state and to argue that international sanctions on Iran must be given more time to work. But there was no sign he and Netanyahu were moving any closer to agreeing on their approach to Iran. ...


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Blast at Brazzaville arms depot kills hundreds
Sun,4 Mar 2012 05:10 PM PST
Reuters -

A plume of smoke rises from across the river in neighbouring Republic of Congo's capital Brazzaville, as seen above the skyline of Democratic Republic of Congo's capital KinshasaBRAZZAVILLE/KINSHASA (Reuters) - Up to 200 people were killed on Sunday when an arms dump exploded in Brazzaville, ripping apart a nearby neighborhood in the Congo Republic's capital, medical and local authorities said. Hundreds of others were injured by the blasts which rocked the riverside capital around 8 a.m. (0700 GMT), flattening houses near the scene and sending a plume of smoke high above the city. A government spokesman said that a short circuit was to blame for the fire that sparked the explosions and promised to move military barracks out of town as a result. ...


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Aid reaches Homs refugees, Syrians flee to border
Sun,4 Mar 2012 05:26 PM PST
Reuters -

Girl holds a placard at a protest against Syria's President Bashar al-Assad in Al Qusour, HomsBEIRUT (Reuters) - The Red Cross managed to get aid to Syrians fleeing fighting in the battered Baba Amro district of Homs, but was blocked for a third day from entering the former rebel bastion amid reports of bloody reprisals by state forces. Activists reported shelling and other violence across Syria on Sunday, sending one of the biggest surges of refugees across the border into Lebanon in a single day since a revolt against President Bashar al-Assad began a year ago. ...


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Calm weather offers respite after deadly storms
Sun,4 Mar 2012 08:14 PM PST
Reuters -

A vehicle and a building damaged by a chain of tornadoes are seen in West LibertyCalm weather gave dazed residents of storm-wracked U.S. towns a respite on Sunday as they dug out from a chain of tornadoes that cut a swath of destruction from the Midwest to the Gulf of Mexico, killing at least 39 people. The fast-moving twisters spawned by massive thunderstorms splintered blocks of homes, damaged schools and a prison, and tossed around vehicles like toys, killing 21 people in Kentucky, 13 in neighboring Indiana, three in Ohio and one in Alabama, officials said. Georgia also reported a storm-related death. ...


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Senator Schumer asks FTC to probe Apple, Android
Sun,4 Mar 2012 03:42 PM PST
Reuters -

A customer uses his new iPhone 4S after making the purchase at Apple's flagship retail store in San FranciscoNEW YORK (Reuters) - A U.S. senator has urged the Federal Trade Commission to investigate reports that applications on the Apple Inc and Google Inc mobile systems steal private photos and contacts and post them online without consent. Democrat Charles Schumer's request comes after iPhone maker Apple tweaked its privacy policies last month after prodding from other lawmakers. The distribution of third-party applications on iPhones and phones running on Google's Android system has helped create a surge in the popularity of those devices in recent years. ...


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Al Qaeda clashes, blasts kill 35 soldiers in Yemen
Sun,4 Mar 2012 08:57 AM PST
Reuters - ADEN, Yemen (Reuters) - At least 35 soldiers were killed in twin suicide bombings and ensuing clashes with al Qaeda militants in Yemen on Sunday, hospital sources said, part of an upsurge in attacks since a presidential election two weeks ago. A Yemeni army officer said at least 20 of the Islamist militants also died in the fighting in the country's south, an unstable territory near oil shipping routes through the Red Sea. Residents and local officials said a vehicle exploded at a military position at the western entrance to the city of Zinjibar, near the Gulf of Aden. ... Full Story
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China boosts defense budget 11 percent after U.S. "pivot"
Sun,4 Mar 2012 12:36 PM PST
Reuters -

Soldiers of the PLA march in front of the Great Hall of the People in BeijingBEIJING (Reuters) - China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defense budget since President Barack Obama launched a policy "pivot" to reinforce U.S. influence across the Asia-Pacific. The increase announced by parliament spokesman Li Zhaoxing will bring official outlays on the People's Liberation Army (PLA) to 670.3 billion yuan ($110 billion) for 2012, after a 12.7 percent increase last year and a near-unbroken string of double-digit rises across two decades. ...


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Tearful Putin wins back Russian presidency
Sun,4 Mar 2012 03:49 PM PST
Reuters -

Russia's current PM and presidential candidate Putin visits his campaign headquarters in MoscowMOSCOW (Reuters) - Vladimir Putin triumphed in Russia's presidential election on Sunday and, tears rolling down his cheeks, called his victory a turning point that had prevented the country falling into the hands of enemies. Putin's opponents complained of widespread fraud, refused to recognize the results and said they would press ahead on Monday with the biggest protests since he rose to power 12 years ago. ...


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Calm weather offers respite after deadly storms
Sun,4 Mar 2012 03:55 PM PST
Reuters -

National Guard SPC Daniel Lovett of Bravo Battery 1/623 FA directs traffic in East Bernstadt, KentuckyLONDON, Kentucky (Reuters) - Calm weather gave dazed residents of storm-wracked U.S. towns a respite on Sunday as they dug out from a chain of tornadoes that cut a swath of destruction from the Midwest to the Gulf of Mexico, killing at least 39 people. The fast-moving twisters spawned by massive thunderstorms splintered blocks of homes, damaged schools and a prison, and tossed around vehicles like toys, killing 21 people in Kentucky, 13 in neighboring Indiana, three in Ohio and one in Alabama, officials said. Georgia also reported a storm-related death. ...


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Romney gains strength ahead of Super Tuesday
Sun,4 Mar 2012 03:54 PM PST
Reuters -

Republican presidential candidate and former Massachusetts Governor Mitt Romney speaks at a campaign rally in KnoxvilleWASHINGTON (Reuters) - Mitt Romney closed in on Rick Santorum in Ohio and picked up a crucial endorsement in Virginia on Sunday as he grows in strength ahead of "Super Tuesday," the biggest day yet in the race for the 2012 Republican presidential nomination. A Reuters/Ipsos poll found Romney, a former Massachusetts governor, is tied with Santorum at 32 percent support from likely voters in the Ohio Republican primary, the most important of the 10 state nominating contests on Tuesday. ...


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Some aid reaches Syria's Homs, refugees flee to border
Sun,4 Mar 2012 09:50 AM PST
Reuters -

Girl holds a placard at a protest against Syria's President Bashar al-Assad in Al Qusour, HomsBEIRUT (Reuters) - The Red Cross delivered emergency aid to areas around the battered Baba Amro district of the Syrian city of Homs on Sunday, but was blocked for a third day from entering the former rebel bastion amid reports of bloody reprisals by state forces. Activists reported shelling and other violence across Syria, sending one of the biggest surges of refugees across the border into Lebanon in a single day since a revolt against President Bashar al-Assad began a year ago. Concerns mounted for civilians left stranded in Baba Amro in freezing weather with little food, fuel or medicine. ...


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Blast at Congo arms depot kills hundreds
Sun,4 Mar 2012 09:30 AM PST
Reuters -

A plume of smoke rises from across the river in neighbouring Republic of Congo's capital Brazzaville, as seen above the skyline of Democratic Republic of Congo's capital KinshasaBRAZZAVILLE/KINSHASA (Reuters) - Around 200 people were killed on Sunday when an arms dump exploded in Brazzaville, ripping apart a nearby neighborhood in the Congo Republic's capital, medical and local authorities said. Around 200 more were injured by the blasts which rocked the riverside capital around 8 a.m. (0700 GMT), flattening houses near the scene and sending a plume of smoke high above the city. "I saw someone being carried to hospital with their intestines hanging out. They had been hit by a shell," one witness told Reuters as he was leaving the blast zone. ...


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Chavez faces more cancer treatment before Venezuela vote
Sun,4 Mar 2012 11:32 AM PST
Reuters -

Venezuela's President Hugo Chavez talks during a meeting with his cabinet while recovering from a surgery in HavanaCARACAS (Reuters) - President Hugo Chavez said he will need radiation treatment for cancer in the run-up to Venezuela's October presidential poll, though he insisted there was no metastasis after the removal of another tumor. "I will live! I will overcome!" the 57-year-old socialist leader said in a televised meeting with some cabinet colleagues from Cuba, where he underwent an operation six days ago for a recurrence of the cancer that first struck him last year. ...


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Romney catches Santorum in Ohio dead heat
Sun,4 Mar 2012 07:25 AM PST
Reuters -

U.S. Republican presidential candidate Santorum speaks at Peachtree-Dekalb Airport atcampaign rally in Atlanta.WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney has surged into a dead heat with Rick Santorum in the Ohio primary, setting up a cliffhanger race on Tuesday, according to a Reuters/Ipsos poll released on Sunday. The former Massachusetts governor and former senator from Pennsylvania are tied with 32 percent support from likely voters in the Ohio Republican primary, the most important of the 10 state nominating contests on "Super Tuesday" this week. ...


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Analysis: Bain investors worry about returns, not Romney
Sun,4 Mar 2012 07:34 AM PST
Reuters -

Republican presidential candidate and former Massachusetts Governor Romney speaks at a campaign rally in Cleveland(Reuters) - As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm's performance is its biggest problem -- not the 15 years it was run by presidential hopeful Mitt Romney. Romney's bid has led to a broad attack on the private equity industry, which is accused of raiding companies and cutting jobs at a time of high unemployment and growing income inequality. ...


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Khamenei allies trounce Ahmadinejad in Iran election
Sun,4 Mar 2012 07:14 AM PST
Reuters -

Iranian President Mahmoud Ahmadinejad holds up his identification document during Iran's parliamentary election in TehranTEHRAN (Reuters) - Clerical Supreme Leader Ayatollah Ali Khamenei has tightened his grip on Iran's faction-ridden politics after loyalists won over 75 percent of seats in parliamentary elections at the expense of President Mahmoud Ahmadinejad, a near-complete count showed. The widespread defeat of Ahmadinejad supporters - including his sister, Parvin Ahmadinejad - is expected to reduce the president to a lame duck after he sowed divisions by challenging the utmost authority of Khamenei in the governing hierarchy. ...


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BP's $7.8 billion deal may speed payments for U.S. spill
Sat,3 Mar 2012 06:06 PM PST
Reuters -

File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off LouisianaNEW ORLEANS (Reuters) - The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. London-based BP announced the deal on Friday with the Plaintiffs' Steering Committee, or PSC, which represents condominium owners, fishermen, hoteliers, restaurateurs and others who say their livelihoods were damaged by the April 20, 2010, explosion of the Deepwater Horizon drilling rig and subsequent oil spill. ...


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For some Afghans, suicide bombs best answer to Koran burnings
Sun,4 Mar 2012 04:35 AM PST
Reuters -

Afghan protesters gesture towards police in KabulKABUL (Reuters) - Matihullah, 24, had always dreamed of becoming a lawyer. Then news spread that Western soldiers had burned many copies of the Muslim holy book at a NATO base in Afghanistan. He gave up his studies and embarked on a new mission in life -- to become a suicide bomber. "Since the desecration and burnings of holy books of the Koran, I have been burning with the desire of revenge. It is running in my blood," said Matihullah, wearing the traditional white skull cap worn by many Afghans. "I have two other brothers to take care of our family and I feel very proud to get my revenge. ...


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Romney builds momentum with easy Washington win
Sat,3 Mar 2012 07:39 PM PST
Reuters -

Republican presidential candidate and former Massachusetts Governor Mitt Romney greets diners at Montgomery Inn Restaurant in CincinnatiBELLEVUE, Washington (Reuters) - Mitt Romney breezed to an easy victory in the Washington state Republican presidential caucuses on Saturday, earning another momentum boost heading into next week's crucial "Super Tuesday" contests in 10 states. With about 80 percent of precincts reporting in the non-binding straw poll, Romney had 36 percent support. Most of the precincts still to report were in pro-Romney King County, which includes the greater Seattle area. The biggest drama was the race for second place, with only about 250 votes separating U.S. ...


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Congo Republic blasts kill 4, injure dozens: official
Sun,4 Mar 2012 04:31 AM PST
Reuters - KINSHASA (Reuters) - A series of explosions in Brazzaville, the capital of Congo Republic, killed at least four people and injured nearly 60 others, a senior Congolese official said, giving the first toll from Sunday's blasts. "Lots of buildings have been destroyed ... There are four dead and nearly 60 injured, some seriously," Betu Bangana, head of protocol in the presidency, told Reuters by telephone. Witnesses and state media said the blast occurred during a fire in the arms depot in the Regiment Blinde base in the riverside Mpila neighborhood. No explanation has been given for the fire. ... Full Story
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Rush Limbaugh apologizes to law student for "insulting" comment
Sun,4 Mar 2012 06:52 AM PST
Reuters -

Radio show host Limbaugh speaks at a forum hosted by the Heritage Foundation in WashingtonLOS ANGELES (Reuters) - Right-wing talk-show host Rush Limbaugh, roundly criticized for branding a law student a "slut" over her outspoken support of President Barack Obama's new policy on contraception coverage, apologized on Saturday for his "insulting word choices." The furor over Limbaugh's comments, made on his influential radio program, prompted Obama to call the 30-year-old Georgetown University law student and women's rights activist, Sandra Fluke, on Friday to express his support. ...


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Yes, Virginia, there is a primary - just barely
Sat,3 Mar 2012 05:56 PM PST
Reuters -

Republican presidential candidate and former Massachusetts Governor Mitt Romney waves with his wife Ann as they leave a campaign rally at The Montgomery Inn Restaurant in CincinnatiARLINGTON, Virginia (Reuters) - Here are three safe bets on Virginia's presidential primary on Tuesday: Mitt Romney will win, turnout will be low and a lot of Republicans will be discouraged, which could help President Barack Obama in the battleground state in November. Virginia is one of the crucially important "swing" states where the November 6 presidential election will be decided, but it is a non-factor among the 10 states holding primaries or caucuses on "Super Tuesday" next week. ...


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In Greece, redundancy tips factory worker over the edge
Sat,3 Mar 2012 02:41 PM PST
Reuters -

Police secure an area around a factory where a man took two hostages in Komotini town northern GreeceKOMOTINI, Greece (Reuters) - After more than 30 years as a factory worker, Dimitris Manikas was dreaming of retirement and plans to get married for the third time when a redundancy notice blew his hopes away. Laid off from his job at a trash can factory in this northern Greek town, the 52-year-old father of two called off his wedding -- even though he had bought the wedding bands. Without any income, he feared his house would be next to go. ...


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Victims' families want truth at Italy shipwreck hearing
Sat,3 Mar 2012 11:22 AM PST
Reuters -

A general view shows the Moderno Teather in Grosseto where the opening pre-trial hearings for the cruise liner Costa Concordia tragedy will start on SaturdaySurvivors and relatives of victims of the Costa Concordia shipwreck clamored for truth at a pre-trial hearing in Italy on Saturday, with some still waiting for identification of the remains of their loved ones 1-1/2 months after the disaster. The giant cruise liner capsized off the Tuscan island of Giglio after hitting a rock on January 13, killing at least 25 people. Seven people are still unaccounted for, and eight of the bodies found have yet to be identified. ...


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Putin set to reclaim the Kremlin in Russian vote
Sat,3 Mar 2012 03:11 PM PST
Reuters -

Russian PM Vladimir Putin looks on during his televised speech to address Russian citizens in MoscowVLADIVOSTOK, Russia (Reuters) - Vladimir Putin is almost certain to win a third presidential term in an election that began on Sunday in Russia's far east, though opponents have challenged the legitimacy of a vote they say is skewed in his favor. Putin's aides hope a strong win will take the sting out of an urban protest movement that casts the former KGB spy as an authoritarian leader who rules by allowing a corrupt elite to siphon off the wealth from the world's biggest energy producer. ...


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Iran touts high turnout in election
Sat,3 Mar 2012 06:43 AM PST
Reuters -

Women fill in their ballots beside the box during the final minutes before the 11pm closure of polls for the parliamentary election in a mosque in north central TehranTEHRAN (Reuters) - Iran, under intense Western pressure over its disputed nuclear program, on Saturday declared an initial turnout of 64 percent in a parliamentary election shunned by most reformists as a sham. Iran's Islamic clerical leadership is eager to restore the damage to its legitimacy caused by the violent crushing of eight months of street protests after President Mahmoud Ahmadinejad was re-elected in a 2009 vote his opponents said was rigged. Supreme Leader Ayatollah Ali Khamenei, who endorsed the 2009 result, has since turned sharply against Ahmadinejad. ...


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BP's $7.8 billion deal may speed payments for U.S. spill
Sat,3 Mar 2012 03:32 PM PST
Reuters -

File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off LouisianaNEW ORLEANS (Reuters) - The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. London-based BP announced the deal on Friday with the Plaintiffs' Steering Committee, or PSC, which represents condominium owners, fishermen, hoteliers, restaurateurs and others who say their livelihoods were damaged by the April 20, 2010, explosion of the Deepwater Horizon drilling rig and subsequent oil spill. ...


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Rescue, cleanups continue in vast tornado zone
Sat,3 Mar 2012 03:33 PM PST
Reuters -

Janet Clark looks over what is left of her storm damaged home after a tornados hit in HenryvilleHENRYVILLE, Ind/CRITTENDEN, Ken (Reuters) - Rescue teams and residents combed through storm-wrecked towns to assess damage on Saturday from a chain of tornadoes that cut a 1,000-mile swath of destruction from the Midwest to the Gulf of Mexico, as the death toll crept up to at least 37 people. The fast-moving twisters spawned by massive thunderstorms splintered blocks of homes, damaged schools and a prison, and tossed around vehicles like toys, killing 18 people in Kentucky, 14 in neighboring Indiana, three in Ohio and one in Alabama, officials said. Georgia also reported a storm-related death. ...


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Santorum blasts Romney on healthcare ahead of Ohio vote
Sat,3 Mar 2012 05:07 PM PST
Reuters -

Rick Santorum speaks during a campaign rally at Peachtree-Dekalb Airport in AtlantaBLUE ASH, Ohio (Reuters) - Republican Rick Santorum lashed out at chief rival Mitt Romney on Saturday as "uniquely unqualified" to challenge President Barack Obama in November's election and urged Ohio voters to join him in rejecting the party's old-boy establishment. On a busy day of campaigning ahead of Ohio's vital Republican primary on Tuesday, Santorum portrayed himself as a blue-collar underdog who would remain true to his conservative principles in battling heavy-handed government power. ...


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Santorum blasts Romney on healthcare ahead of Ohio vote
Sat,3 Mar 2012 03:56 PM PST
Reuters -

Rick Santorum speaks during a campaign rally at Peachtree-Dekalb Airport in AtlantaBLUE ASH, Ohio (Reuters) - Republican Rick Santorum lashed out at chief rival Mitt Romney on Saturday as "uniquely unqualified" to challenge President Barack Obama in November's election and urged Ohio voters to join him in rejecting the party's old-boy establishment. On a busy day of campaigning ahead of Ohio's vital Republican primary on Tuesday, Santorum portrayed himself as a blue-collar underdog who would remain true to his conservative principles in battling heavy-handed government power. ...


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Washington state caucus a momentum test for Romney
Sat,3 Mar 2012 02:30 PM PST
Reuters -

Republican presidential candidate and former Massachusetts Governor Mitt Romney speaks at a town hall meeting campaign stop at US Aeroteam in Dayton(Reuters) - Mitt Romney, who regained front-runner status in the Republican presidential race with three state wins this week, could build on that momentum with a victory in the Washington state caucuses on Saturday just three days before crucial Super Tuesday voting. The former Massachusetts governor led a Public Policy Polling opinion poll in Washington state on Friday, boosted by wins this week over main rival, former Pennsylvania Senator Rick Santorum, in Michigan, Arizona and Wyoming nominating contests. ...


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Syrian forces pound Homs, block aid convoy
Sat,3 Mar 2012 12:01 PM PST
Reuters -

A handout photograph released by SANA shows a blast site where a suicide bomber killed two people and wounded several others in the southern Syrian town of DeraaSyrian forces bombarded parts of the shattered city of Homs anew on Saturday and blocked the first Red Cross aid meant for civilians stranded for weeks without food and fuel in the former rebel stronghold, activists and aid workers said. The renewed government assault came a day after U.N. Secretary-General Ban Ki-moon said he had received "grisly reports" that President Bashar al-Assad's troops were executing, imprisoning and torturing people in Syria's third largest city. "In an act of pure revenge, Assad's army has been firing mortar rounds and ... ...


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Rush Limbaugh apologizes to law student for "insulting" comments
Sat,3 Mar 2012 03:14 PM PST
Reuters -

Radio show host Limbaugh speaks at a forum hosted by the Heritage Foundation in WashingtonLOS ANGELES (Reuters) - Conservative talk-show host Rush Limbaugh, facing heavy criticism for branding a law student a "slut" over her remarks on President Barack Obama's new policy on contraception, apologized on Saturday. The furor prompted Obama to call the Georgetown University student, Sandra Fluke, on Friday to express his support. "My choice of words was not the best, and in the attempt to be humorous, I created a national stir," Limbaugh said in a written statement. "I sincerely apologize to Ms. Fluke for the insulting word choices. ...


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Four dead in south Yemen blasts, al Qaeda blamed
Sat,3 Mar 2012 10:44 AM PST
Reuters - SANAA (Reuters) - Two suicide bombers drove a car packed with explosives into a Yemeni army base in the southern province of al-Bayda on Saturday, killing one soldier, the Defence Ministry said, in an attack for which al Qaeda claimed responsibility. Another soldier was killed by one of two blasts aimed at a central security forces building in the southern coastal town of Mukalla, where a March 25 suicide bombing killed at least 26 people. Authorities said they had made several arrests. ... Full Story
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Facebook adding banks for IPO: sources
Fri,2 Mar 2012 02:30 PM PST
Reuters -

An employee works on a computer at the new headquarters of Facebook in Menlo ParkSAN FRANCISCO (Reuters) - Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday. Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added, said the sources, who requested anonymity because they were not authorized to speak publicly on the matter. Last September, Facebook increased its credit line to $2.5 billion. One of the sources said that the credit line may be increased to about $5 billion in the future. In February 2011, Facebook set up a $1. ...


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Citigroup Chairman Parsons stepping down
Fri,2 Mar 2012 04:35 PM PST
Reuters -

Citigroup Chairman Parsons waits for an address by President Obama in New York(Reuters) - Richard Parsons will step down as chairman of Citigroup Inc at its annual meeting in April and will be succeeded by Michael O'Neill, the former chief executive of Bank of Hawaii Corp, Citigroup said on Friday. Two other board members are also leaving. The moves will leave Citi under the leadership of directors and top executives who came to the company following losses in the financial crisis that required government bailouts. Parsons, 63, joined the board 16 years ago and became chairman in 2009. ...


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Goldman CEO Blankfein deposed in insider case
Fri,2 Mar 2012 02:10 PM PST
Reuters -

CEO of Goldman Sachs Blankfein talks at the U.S. Chamber of Commerce in WashingtonNEW YORK (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein was interviewed under oath last week as a witness in the insider-trading case of Rajat Gupta, a former Goldman director and onetime global head of McKinsey & Co, according to court documents filed on Friday. Blankfein was asked in a day-long February 24 deposition whether or not he knew others at Goldman had been interviewed by U.S. prosecutors about the Gupta case. His answer was not included in a partial transcript entered in the court record. ...


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