|
|
|
 |
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 |
|
Tamerlan Tsarnaev landed on America`s terrorist watch list in 2011. Tamerlan`s younger brother, Dzhokhar, now charged in the Boston Marathon bombing case, seems not to have made the list.
Wednesday, May 22, 2013 13:46 |
 |
In the first quarter of 2011 there were about 350 reported incidents of violence per month, but that number has doubled in the first quarter of 2013. Is the full-blown sectarian war that was always feared in Iraq upon us now?
Wednesday, May 22, 2013 13:29 |
|
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 |
|
WASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company`s commercial airplane division, told an investor conference on Wednesday. Conner told the conference he saw `great momentum` on the 787 program, after overheated batteries prompted a fleetwide grounding earlier this year. Production of the new airliner had reached seven airplanes a month and was on track to reach the projected level of 10 per month by the end of the year, Conner said. ...
Wednesday, May 22, 2013 16:25 |
|
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 |
|
BAGHDAD (AP) Iraq`s prime minister has ordered a shake-up of his military command after a weeklong spike of militant attacks that has killed nearly 300 people, by far the highest toll since the U.S. withdrew its forces in late 2011, an official said Wednesday.
Wednesday, May 22, 2013 15:24 |
|
