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Top Stories - Witnesses recount sights, sounds of theater shooting

Prosecutors need to show that James Holmes was sane at time of shooting.

Tuesday, April 28, 2015  19:01


Top Stories - Witnesses to recount sights, sounds of theater shooting

Prosecutors need to show that James Holmes was sane at time of shooting.

Tuesday, April 28, 2015  18:43


Business - U.S. homeownership dips, but household formation rises

We should see better numbers in terms of home sales, housing starts and spending around housing than we are now,` said Steve Blitz, chief economist at ITG Investment Research in New York.After a lackluster performance in the past year, housing is expected take the baton from weak business investment - especially energy-related capital expenditure - and together with consumer spending drive the economy in 2015. With many Americans still showing an aversion to homeownership, the gains in household formation largely are being driven by renters. `A long overdue upturn in household formation, as more young adults leave the parental home, could provide a significant boost to home building over the coming years,` said Ed Stansfield, chief property economist at Capital Economics in London.

Tuesday, April 28, 2015  18:25


Top Stories - Boston bombing defense emphasizes dead brother`s influence

Lawyers hope to show he dominated Dzhokhar Tsarnaev, save him from the death penalty.

Tuesday, April 28, 2015  18:25


Top Stories - Who are the `Bali Nine?`

Indonesia has a tough stance on drug smugglers, and since assuming office in October, President Joko Widodo has made it clear he intends to show no mercy toward those found guilty of such crimes.

Tuesday, April 28, 2015  18:06


World - U.S. says Iranian forces fire on and board cargo ship in Gulf

By Noah Browning and David Alexander DUBAI/WASHINGTON (Reuters) - Iranian forces boarded a Marshall Islands-flagged cargo ship in the Gulf on Tuesday after patrol boats fired warning shots across its bow and ordered it deeper into Iranian waters, the Pentagon said. U.S. planes and a destroyer were monitoring the situation after the vessel, the MV Maersk Tigris, made a distress call in the Strait of Hormuz, one of the world`s most important oil shipping channels. There was no immediate word from Iranian officials. Reuters tracking data showed the Maersk, a 65,000-tonne container ship, off the Iranian coast between the islands of Qeshm and Hormuz.

Tuesday, April 28, 2015  17:12


Business - Tsipras presses for May debt deal, threatens referendum

By Renee Maltezou and Deepa Babington ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an outline deal with international creditors within two weeks, after shaking up his negotiating team and sidelining his finance minister who has infuriated euro zone partners. Athens is weeks away from running out of cash, and talks with EU and IMF lenders on more aid have been deadlocked over their demands for Greece to implement reforms, including pension cuts and labor market liberalization. Greek financial markets and the euro rallied on hopes that the relegation of Finance Minister Yanis Varoufakis, a Marxist academic prone to lecturing his euro zone peers, would improve prospects for an early deal to avoid a default that might lead to a Greek exit from the currency area. Yet around half of investors expect Greece to leave the euro zone within the next 12 months, a survey published by German research group Sentix showed on Tuesday.

Tuesday, April 28, 2015  16:54


World - Gulf states must allow Nepali workers to return after quake: trade union

By Nita Bhalla NEW DELHI (Thomson Reuters Foundation) - Hundreds of thousands of Nepali migrants working in Gulf States must be allowed to return home after a massive earthquake devastated their impoverished nation, a trade union group said on Tuesday. The International Trade Union Confederation (ITUC), which has 176 million members globally, said it had written to the Qatar, Saudi Arabia and United Arab Emirates governments to ask them to suspend a sponsorship system which prevents the free movement of workers. The system has long been criticized by human rights groups and trade unions who have likened it to a form of modern day slavery, where employers take workers` passports and use possession to keep them there or extort a large fee before allowing them to leave. `We call upon the Gulf States, which rely so heavily on cheap and exploited labor from Nepal, to show compassion and immediately suspend the kafala restrictions which are stopping Nepalese people returning home for bereavement and to help reconstruct the country,` said ITUC General Secretary Sharan Burrow in a statement.

Tuesday, April 28, 2015  16:18


World - Study: Obama most followed on Twitter, pope most influential

BERLIN (AP) — A new study shows U.S. President Barack Obama is still by far the most followed world leader on Twitter, but Pope Francis is considered the most influential by the number of his messages retweeted.

Tuesday, April 28, 2015  16:00


Business - Boeing looks to car industry expert for jet production savings

The approach will draw increasingly on lessons learned from outside the aerospace industry and comes as the focus of the intense rivalry between Boeing and Airbus shifts toward production strategies after a record boom in orders. `I think the 777X will be our first opportunity to show the ideas that we have to date,` said Walter Odisho, Boeing`s vice president of manufacturing and safety, referring to the world`s largest twin-engined jet that is due to enter service in 2020. Odisho, 52, was speaking in his first interview since joining Boeing in December 2013 from Toyota , where he oversaw manufacturing at the carmaker`s $6 billion plant in Kentucky. While standardised production is common in the auto industry it is rarer in aerospace, where volumes are lower and airlines demand more customization but where output is rising fast.

Tuesday, April 28, 2015  14:48

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