Obama hails Burma leader on US visit

Written on May 20, 2013 by Editor - Top News Stories

20 May 2013 Last updated at 17:53 ET President Barack Obama told President Thein Sein the US would help Burma on its “long and sometimes difficult but ultimately correct path” President Barack Obama has praised Burmese President Thein Sein for … Continue reading →


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Godolphin doping scandal widens

Written on May 20, 2013 by Editor - Top News Stories

The doping scandal involving Sheikh Mohammed’s Godolphin operation has widened after seven more racehorses failed tests for anabolic steroids. All seven horses, including the 2012 St Leger winner Encke, were trained by the now disgraced Mahmood Al Zarooni. He is … Continue reading →


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Huge tornado hits Oklahoma City

Written on May 20, 2013 by Editor - Top News Stories

20 May 2013 Last updated at 17:42 ET The tornado was reported to be a mile wide A gigantic tornado has ripped through a suburb of Oklahoma City, on the second day in a row the Midwestern state of Oklahoma … Continue reading →


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Gay marriage plans set to proceed

Written on May 20, 2013 by Editor - Top News Stories

20 May 2013 Last updated at 17:48 ET Please turn on JavaScript. Media requires JavaScript to play. Live video from the House of Commons. Plans to legalise gay marriage in England and Wales are to proceed unimpeded in Parliament after … Continue reading →


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Actavis to buy Warner Chilcott in $5 billion stock deal

Written on May 20, 2013 by Editor - Business News

By Caroline Humer and Ransdell Pierson Mon May 20, 2013 2:21pm EDT (Reuters) – Generic drugmaker Actavis Inc, itself a recent takeover target, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock … Continue reading →


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Apple to argue for tax reform, defend tax practices on Tuesday

Written on May 20, 2013 by Editor - Business News

SAN FRANCISCO | Mon May 20, 2013 3:23pm EDT SAN FRANCISCO (Reuters) – Apple Inc will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee on Tuesday, becoming the latest technology company to face questions over … Continue reading →


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Citi names new heads of mortgages, private bank, Citi Holdings

Written on May 20, 2013 by Editor - Business News

NEW YORK | Mon May 20, 2013 4:04pm EDT NEW YORK (Reuters) – Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank’s mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans … Continue reading →


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Wall Street ends near flat; correction worry rises

Written on May 20, 2013 by Editor - Business News

NEW YORK | Mon May 20, 2013 4:14pm EDT NEW YORK (Reuters) – U.S. stocks ended little changed on Monday with indexes hovering near record levels as concerns about a correction cut earlier gains that were boosted by acquisition activities. … Continue reading →


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Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

Written on May 20, 2013 by Editor - Top News Stories

By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK | Mon May 20, 2013 2:32pm EDT SAN FRANCISCO/NEW YORK (Reuters) – Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media … Continue reading →


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Brazil probes rumor that set off panic run on state bank

Written on May 20, 2013 by Editor - Top News Stories

BRASILIA | Mon May 20, 2013 2:50pm EDT BRASILIA (Reuters) – Brazilian President Dilma Rousseff said on Monday she ordered the Federal Police to investigate the source of a rumor that sent thousands of poor Brazilians running to state bank … Continue reading →


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