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Business - Fannie Mae settles shareholder lawsuit for $170 million


By Jonathan Stempel NEW YORK (Reuters) - Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis. The settlement requires court approval, and was disclosed in a Friday filing with the U.S. District Court in Manhattan. It allocates $123.8 million to common shareholders and $46.2 million to holders of preferred stock between Nov. 8, 2006 and Sept. 5, 2008. ...


Friday, October 24, 2014  23:13

Yahoo

World - Blast outside Cairo University wounds 11: Officials


CAIRO (Reuters) - A bomb outside Cairo University wounded 11 people on Wednesday, among them several police officers, Egyptian officials said. The blast occurred in a square outside the university at the end of the school day. Six police officers and four civilians were wounded and transferred to hospitals, the interior ministry said in a statement. Later, a statement from the health ministry said the number of wounded had been increased to 11. ...


Friday, October 24, 2014  23:13

NYTimes

America - World Briefing: Dominican Republic: Inmates Riot at Model Prison and Try a Mass Escape


At least four inmates were killed and several wounded after an attempted mass escape at a prison in San Cristobal, officials said Friday.


Saturday, October 25, 2014  01:20

NYTimes

Middle East - World Briefing | Middle East: Libya: Army Advances in Benghazi


The Libyan Army and its allies among local militias have taken control of one of the largest camps of Islamist forces in the eastern city of Benghazi, military officials said Friday.


Saturday, October 25, 2014  01:20

Yahoo

World - Polish ex-minister quoted saying Putin offered to divide Ukraine with Poland


WARSAW (Reuters) - Poland`s parliamentary speaker, Radoslaw Sikorski, has been quoted as saying that Russian President Vladimir Putin proposed to Poland`s then leader in 2008 that they divide Ukraine between themselves. Sikorski, who until September served as Poland`s foreign minister, was quoted telling U.S. website Politico that Putin made the proposal during Polish Prime Minister Donald Tusk`s visit to Moscow in 2008 - although he later said some of the interview had been `overinterpreted`. `He wanted us to become participants in this partition of Ukraine ... ...


Monday, October 20, 2014  22:14

Yahoo

Sports - Brief profiles of Eastern Conference teams


(Reuters) - Following are brief profiles of the 15 teams in the National Basketball Association`s Eastern Conference ahead of the 2014-15 season. ATLANTIC DIVISION BOSTON CELTICS Founded: 1946 NBA titles: 17 (2008, 1986, 1984, 1981, 1976, 1974, 1969, 1968, 1966, 1965, 1964, 1963, 1962, 1961, 1960, 1959, 1957) Head coach: Brad Stevens 2013-14 record: 25-57 (Proud Celtics finish 12th in conference after a run of six seasons in playoffs) Sorry Celtics fans, no playoff for Boston -- again. That`s hard to accept for a franchise with 17 titles, but the talent is not there. ...


Friday, October 24, 2014  21:41

Yahoo

Sports - Maddon opts out of contract, leaves Rays


(Reuters) - Tampa Bay Rays manager Joe Maddon has exercised an opt-out clause and has left the organization with one year remaining on his contract, the Major League Baseball team said on Friday. Maddon, 60, compiled a 754-705 record over nine seasons with the Rays, leading them to four postseason berths and the American League pennant in 2008. `We went back and forth a couple of times, and it didn`t want to work out,” Maddon told the Tampa Bay Times. `We were still too far apart.` The Rays went 77-85 this season, finishing 19 games out of first place in the American League East. ...


Friday, October 24, 2014  21:41

Yahoo

Business - U.S. new home sales at six-year high; recovery still fragile


By Lucia Mutikani WASHINGTON (Reuters) - Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August`s sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. August`s sales rate was revised down to 466,000 units from 504,000 units. Economists polled by Reuters had forecast new home sales at a 470,000-unit pace last month. U.S. ...


Friday, October 24, 2014  15:53

Yahoo

Business - U.S. new home sales up in September, but August pace cut


WASHINGTON (Reuters) - Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August`s sales pace indicated that the housing recovery remains fragile. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. August`s sales pace was revised down to 466,000 units from 504,000 units. Economists polled by Reuters had forecast new home sales at a 470,000-unit pace last month. ...


Friday, October 24, 2014  15:16

Yahoo

World - Grace shakes up Mugabe succession battle


Zimbabwe`s ruling party could be heading for a devastating split as bickering between rival factions jostling to succeed ageing ruler Robert Mugabe escalates ahead of a key congress. Over the years, ZANU-PF`s leaders have papered over the cracks forged by the battle to succeed 90-year-old Mugabe, playing down factional feuding even while acknowledging it cost them dearly in the 2008 elections. From the bully pulpit she has launched searing attacks on her opponents, including Vice-President Joice Mujuru whom she singled out for fomenting factional fights. Many see Grace Mugabe`s attacks and the clashes between rival camps as a harbinger of fighting that will characterise the party`s congress in December.


Friday, October 24, 2014  05:21

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