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Yahoo

World - Iran begins closed-door trial of Washington Post reporter


TEHRAN, Iran (AP) ó An Iranian security court on Tuesday held the first hearing in the closed trial of an Iranian-American reporter for The Washington Post who has been detained for more than 10 months, the official IRNA news agency reported.


Tuesday, May 26, 2015  14:11

Yahoo

Business - Top 10 highest-paid CEOs


NEW YORK (AP) ó Here are the 10 highest-paid CEOs of 2013, as calculated by The Associated Press and Equilar, an executive pay research firm:


Tuesday, May 26, 2015  11:45

Yahoo

World - Iran begins trial of detained Washington Post reporter


TEHRAN, Iran (AP) ó The closed trial of an American-Iranian reporter for the Washington Post detained in Iran for more than 10 months began Tuesday in a court used to hear security cases, the official IRNA news agency reported.


Tuesday, May 26, 2015  10:32

Yahoo

Business - First defendant in Libor scandal faces jury trial in London


By Kirstin Ridley LONDON (Reuters) - Tom Hayes, a former star trader at UBS and Citigroup, becomes on Tuesday the first person to face trial by jury over allegations he conspired to rig global Libor interest rates. The trial in London marks a new phase in a seven-year, global inquiry that has culminated in banks and brokerages paying around $9 billion to settle regulatory allegations of rate rigging -- shredding public faith in the integrity of financial markets. The former yen derivatives trader is charged by Britain`s Serious Fraud Office (SFO) with eight counts of conspiracy to defraud between 2006 and 2010, a criminal offence that carries a maximum jail sentence of 10 years.


Tuesday, May 26, 2015  09:55

Yahoo

Business - Buffett-backed Chinese automaker BYD plans up to $1.9 billion placement: IFR


Chinese automaker BYD Co Ltd , backed by Warren Buffett`s Berkshire Hathaway Inc , plans to raise up to $1.9 billion in a share offering in mainland China, IFR reported on Tuesday, citing a source familiar with the plans. The private placement aims to raise between 10 billion yuan and 12 billion yuan, with a placement proposal out in early June, added IFR, a Thomson Reuters publication. Shares of BYD, which makes hybrid and electric vehicles, were halted in Shenzhen on Monday at the company`s request after it unveiled plans for a possible private placement, while trading in Hong Kong was halted on Tuesday, following a holiday the previous day.


Tuesday, May 26, 2015  08:42

Yahoo

World - Kenyan police missing, feared dead after Shebab attack


Thirteen Kenyan police are missing following an overnight ambush by suspected Shebab militants in the northeast of the country close to the border with Somalia, a police spokesman said Tuesday. Local officials said more than 10 officers may have been killed in Monday night`s ambush near Garissa -- the scene of last month`s university massacre -- while Kenyan media reported the number of dead could be as high as 20. `There was an ambush on officers who were on patrol and as a result, 13 officers are missing,` police spokesman George Kinoti said.


Tuesday, May 26, 2015  08:41

BBC

Middle East - Iran trial begins for US reporter


The trial of a Washington Post journalist detained in Iran for almost 10 months on charges that include espionage opens behind closed doors in Tehran.


Tuesday, May 26, 2015  08:23

Yahoo

World - Thirteen Kenyan police missing after Shebab ambush near Garissa: spokesman


Thirteen Kenyan police are missing following an overnight ambush by suspected Shebab militants in the northeast of the country close to the border with Somalia, a police spokesman said Tuesday. `There was an ambush on officers who were on patrol and as a result, 13 officers are missing,` police spokesman George Kinoti said. Local officials said more than 10 officers may have been killed in Monday night`s ambush, while Kenyan media reported the number of dead could be as high as 20.


Tuesday, May 26, 2015  08:23

Yahoo

Business - Shake-up in key Samsung assets to cement heir`s grip as succession looms


By Joyce Lee and Se Young Lee SEOUL (Reuters) - Samsung Group`s de facto holding company on Tuesday sought another cornerstone as it reconstructs South Korea`s biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics. Cheil Industries Inc, with interests from construction to fashion, is offering new stock priced at about 8.9 trillion won ($8.11 billion) to buy building firm Samsung C&T Corp. After recent market jitters on Samsung`s overhaul, shares in both rose nearly 15 percent - taking Samsung C&T`s value beyond the offer price to about 10 trillion won. It would also cement the position of heir-apparent and Samsung Electronics vice chairman Jay Y. Lee, likely to remain top shareholder of the merged entity, as Samsung prepares for the eventual transfer of control from ailing patriarch Lee Kun-hee to his children.


Tuesday, May 26, 2015  08:05

Yahoo

World - Several Kenyan police killed in Shebab attack near Garissa: security sources


Several Kenyan police officers were killed overnight in an ambush by suspected Shebab militants in the northeast of the country and close to the border with Somalia, officials and security sources said Thuesday. Local officials said more than 10 officers may have been killed in Monday night`s ambush, while Kenyan media reported the number of dead could be as high as 20. `The area is on the remote side of Garissa not far from the border, that is why we are having a problem getting information instantly,` said a police officer based at the county headquarters.


Tuesday, May 26, 2015  08:05

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