|
|
|
 |
NEW YORK (Reuters) - Stocks extended gains on Wednesday immediately following prepared testimony from Federal Reserve Chairman Ben Bernanke before a congressional panel. The head of the central bank said monetary stimulus is helping the economy recover, and the Fed needs to see further signs of traction before taking its foot off the gas. The Dow Jones industrial average gained 83.42 points, or 0.54 percent, to 15,471.00. The Standard & Poor`s 500 Index rose 10.00 points, or 0.60 percent, to 1,679.16. The Nasdaq Composite Index was up 18.40 points, or 0.53 percent, at 3,520.52. ...
Wednesday, May 22, 2013 15:21 |
|
By Cris Chinaka HARARE (Reuters) - Zimbabwe President Robert Mugabe signed a new constitution into law on Wednesday, replacing a 33-year-old document forged in the dying days of British colonial rule and paving the way for an election later this year. Approved overwhelmingly in a referendum in March, the constitution clips the powers of the president and imposes a two-term limit. However, it does not apply retroactively so the 89-year-old Mugabe could technically extend his three decades in office by another 10 years. ...
Wednesday, May 22, 2013 14:33 |
|
By Karolos Grohmann BERLIN (Reuters) - Puerto Rican banker Richard Carrion launched his bid for the presidency of the International Olympic Committee (IOC) on Wednesday, with his long financial experience a powerful pitch in his quest for the world`s top sports job. The 60-year-old Carrion, who is chairman of Puerto Rican lender Popular Inc, heads the IOC`s finance commission and is a director of the Federal Reserve Bank of New York, becomes the third official candidate in the race to be decided on September 10. ...
Wednesday, May 22, 2013 14:18 |
|
(Reuters) - Boeing Co said on Wednesday that it plans to return about 80 percent of its free cash flow to shareholders through dividends and share buy-backs. Speaking at an investor conference, Boeing Chief Financial Officer Greg Smith said the cash deployment move, a step up from current levels of cash return, won`t reduce its cash balance of about $11 billion. The company forecasts generating more than $8 billion in operating cash flow this year. In December, the company raised its dividend 10 percent to 48.5 cents per share quarterly and said it would spend $1. ...
Wednesday, May 22, 2013 14:13 |
|
DUBAI (Reuters) - Iran denied on Wednesday any link to members of a spying ring detained by its Sunni Muslim regional rival Saudi Arabia, according to Iranian media. Saudi state media reported on Tuesday that officials had detained 10 people accused of spying for Iran after arresting 18 people in the same case in March. Saudi Arabia, the world`s top oil exporter, accuses the Islamic Republic of stirring up unrest among minority Saudi Shi`ites. Tehran rejects that charge and has repeatedly denied any involvement in espionage in Saudi Arabia. ...
Wednesday, May 22, 2013 13:16 |
|
ANKARA (Reuters) - More than 100 senior Turkish army officers face prosecution demands they spend the rest of their lives in jail for their alleged role in toppling Turkey`s first Islamist-led government 16 years ago, a Turkish TV channel reported on Wednesday. The investigation into former Prime Minister Necmettin Erbakan`s 1997 ouster is the latest in a series of judicial cases targeting the once all-powerful Turkish military, whose influence has been curbed sharply in the last decade. Prime Minister Tayyip Erdogan, in power for the last 10 years, was a member of Erbakan`s Islamist party. ...
Wednesday, May 22, 2013 15:44 |
|
By Karolos Grohmann BERLIN (Reuters) - Puerto Rican banker Richard Carrion launched his bid for the presidency of the International Olympic Committee (IOC) on Wednesday, with his long financial experience a powerful pitch in his quest for the world`s top sports job. The 60-year-old Carrion, who is chairman of Puerto Rican lender Popular Inc, heads the IOC`s finance commission and is a director of the Federal Reserve Bank of New York, becomes the third official candidate in the race to be decided on September 10. ...
Wednesday, May 22, 2013 15:18 |
 |
Wednesday, May 22, 2013 13:53 |
 |
In an address on Thursday, President Obama will attempt to lay out his justification for drone strikes, which have been in decline since 2010, and what they have achieved.
Wednesday, May 22, 2013 10:52 |
|
By Ju-min Park SEOUL (Reuters) - North Korea has reappointed a hardline and loyal general as military chief in a move experts said was part of young leader Kim Jong-un`s attempt to tighten his grip on the armed forces. Kim Kyok-sik, widely believed to have been behind the shelling of a South Korean island in 2010 that killed four people, was named `chief of the KPA (Korean People`s Army) General Staff` by state news agency KCNA in a report on Wednesday. The four-star general, in his 70s, held that position for two years until 2009. ...
Wednesday, May 22, 2013 10:26 |
|
