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Defeated Ohio Democrat Kucinich declines run in Washington state

Rep. Dennis Kucinich speaks during a briefing on Capitol Hill to discuss the U.S. proposal for the Keystone XL tar sands oil pipeline(Reuters) - Veteran Ohio Congressman Dennis Kucinich, a liberal stalwart who lost his primary race after redistricting forced him to run against another Democratic incumbent, said on Wednesday he had ruled out a congressional bid in Washington state. Kucinich, 65, had said after he was defeated in March by Marcy Kaptur, the longest-serving woman in the U.S. House of Representatives, that he was considering the possibility of relocating to Washington state to run for Congress anew. ...


Defeated Ohio Democrat Kucinich declines run in Washington state

Rep. Dennis Kucinich speaks during a briefing on Capitol Hill to discuss the U.S. proposal for the Keystone XL tar sands oil pipeline(Reuters) - Veteran Ohio Congressman Dennis Kucinich, a liberal stalwart who lost his primary race after redistricting forced him to run against another Democratic incumbent, said on Wednesday he had ruled out a congressional bid in Washington state. Kucinich, 65, had said after he was defeated in March by Marcy Kaptur, the longest-serving woman in the U.S. House of Representatives, that he was considering the possibility of relocating to Washington state to run for Congress anew. ...


Defeated Ohio Democrat Kucinich declines run in Washington state

Rep. Dennis Kucinich speaks during a briefing on Capitol Hill to discuss the U.S. proposal for the Keystone XL tar sands oil pipeline(Reuters) - Veteran Ohio Congressman Dennis Kucinich, a liberal stalwart who lost his primary race after redistricting forced him to run against another Democratic incumbent, said on Wednesday he had ruled out a congressional bid in Washington state. Kucinich, 65, had said after he was defeated in March by Marcy Kaptur, the longest-serving woman in the U.S. House of Representatives, that he was considering the possibility of relocating to Washington state to run for Congress anew. ...


North Korean boat hijacks 3 Chinese fishing boats

Chinese state media say a North Korean boat has hijacked 29 Chinese fishermen on three separate boats and demanded 1.2 million yuan ($190,000) for their release.

Asia stocks rise after Greece sets election date

Asian stocks were mostly higher Thursday as markets adjusted to Greece's possible exit from the euro common currency and traders hunted for bargains after sharp selling in recent days.

RBC, Credit Suisse among bidders for BofA wealth units: sources

An ATM machine at a Bank of America office is pictured in BurbankSINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources, who had knowledge of the matter, told Reuters. It was not clear whether Switzerland's third-biggest bank had submitted an initial bid. ...


Serbia votes for president under threat of protest

BELGRADE (Reuters) - Challenger Tomislav Nikolic may not win, but he can sure spoil the party as Boris Tadic bids for a new term as president of Serbia and the right to lead the country into talks on joining the European Union. For the third time since 2004, reformist Tadic is poised to defeat Nikolic in Sunday's run-off, giving him five more years at the helm of Serbia as it slowly sheds the legacy of late strongman Slobodan Milosevic and the bloody collapse of Yugoslavia. ...

Pinterest raises $100 million in funding: WSJ

(Reuters) - Pinterest, the increasingly popular online bulletin board, raised $100 million in a financing round that values the U.S. start-up at $1.5 billion, the Wall Street Journal said, citing people familiar with the matter. The funding is led by Japanese e-commerce site Rakuten, with Pinterest's existing venture-capital investors such as Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners also participating, the report said. Pinterest could not immediately be reached by Reuters for comments. ...

Syrian leader says terrorists are behind unrest

FILE - In this Monday, June 20, 2011 file photo released by the Syrian official news agency SANA, Syrian President Bashar Assad delivers a speech in Damascus, Syria, at Damascus University. In his first interview in six months, Syrian President Bashar Assad insists his regime is fighting back against foreign mercenaries and not innocent Syrians aspiring for democracy in a year-long uprising. (AP Photo/SANA, File) EDITORIAL USE ONLYIn his first interview since December, Syrian President Bashar Assad has insisted his regime is fighting back against foreign mercenaries who want to overthrow him, not innocent Syrians aspiring for democracy in a yearlong uprising.


Chinese boats seized by North Koreans in rare public spat

BEIJING (Reuters) - North Korean officials have demanded payment before they will release Chinese fishing boats with a total of 29 men onboard, Chinese media reported on Thursday, in a rare public spat between the neighbors and longtime allies. The Chinese owners of the boats said they were seized by a North Korean gunboat on May 8 in the Yellow Sea, between China and North Korea, the Beijing News reported. The owners said the vessels were fishing in Chinese waters. North Korea has not made any public comment on the case. The North Koreans holding the boats and sailors demanded payment of 1. ...

Chinese boats seized by North Koreans in rare public spat

BEIJING (Reuters) - North Korean officials have demanded payment before they will release Chinese fishing boats with a total of 29 men onboard, Chinese media reported on Thursday, in a rare public spat between the neighbors and longtime allies. The Chinese owners of the boats said they were seized by a North Korean gunboat on May 8 in the Yellow Sea, between China and North Korea, the Beijing News reported. The owners said the vessels were fishing in Chinese waters. North Korea has not made any public comment on the case. The North Koreans holding the boats and sailors demanded payment of 1. ...

In Egypt's vote, revolutionaries lack a candidate

FILE - In this Tuesday, Dec. 20, 2011 file photo, two women walk next to a mural depicting the faces of some of the people killed before and after the revolution at Tahrir Square in Cairo, Egypt. Arabic writing at center reads A black smoke covered Cairo's Tahrir Square. Around a dozen protesters who had been holding a weekslong sit-in demanding an end to military rule had come to the conclusion their gathering was useless. So over the weekend, they splashed gas on their tents and banners, burned them to ashes and left.


Myanmar mega-project may be on a road to nowhere

DAWEI, Myanmar (Reuters) - A simple, red sign on a white beach marks the start of a billion-dollar highway that will, one day, lead to a vast industrial project to be built close to impoverished Myanmar's border with Thailand. But with years to go before it is up and running, the $50 billion port and industrial complex in the southern city of Dawei is already struggling to look relevant as Myanmar emerges from untouchable state to Asia's latest Eldorado. ...

Myanmar mega-project may be on a road to nowhere

DAWEI, Myanmar (Reuters) - A simple, red sign on a white beach marks the start of a billion-dollar highway that will, one day, lead to a vast industrial project to be built close to impoverished Myanmar's border with Thailand. But with years to go before it is up and running, the $50 billion port and industrial complex in the southern city of Dawei is already struggling to look relevant as Myanmar emerges from untouchable state to Asia's latest Eldorado. ...

Japan's economy grows 4.1 percent amid recovery

FILE - In this March 1, 2012 file photo, workers sort debris in Minamisanriku nearly a year after the March 11 tsunami hit the northeastern Japanese town, as the Japanese government aims to finish the entire tsunami cleanup process over the next two years. The Cabinet Office said Thursday, May 17, Japan's economy grew at an annual rate of 4.1 percent for January-March amid a gradual recovery from the catastrophic earthquake and tsunami of the previous year. (AP Photo/Shizuo Kambayashi, File)Japan's economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.


Malaysia sentences 3 Mexicans to death over drugs

Mexican brothers, from left, Luis Alfonso Gonzalez Villarreal, Simon Gonzalez Villarreal and Jose Regino Gonzalez Villarreal leave a courthouse in Kuala Lumpur, Malaysia, Thursday, May 17, 2012. The Kuala Lumpur High Court convicted the three brothers of drug trafficking and sentenced them to death by hanging. (AP Photo/Lai Seng Sin)A Malaysian court on Thursday sentenced to death three Mexican brothers and two other people for drug trafficking, rejecting the defense argument that evidence was tampered with.


Activist: China to have passports ready in 2 weeks

The activist who was at the center of a diplomatic tussle between Beijing and Washington says Chinese officials have told him the passports that he and his family just applied for should be ready within two weeks.

Insight: Swing states: Could Europe decide the U.S. election?

To match Insight USA-EUROPE/ELECTIONNAVARRE, Ohio/WASHINGTON (Reuters) - The busy shop floor at Miller Weldmaster Corp could make a great location for an Obama campaign ad. As workers assemble the family-owned company's hot-air fabric welders, used to manufacture everything from inflatable rafts to truck tarps, it's hard to know the recession of 2007-2009 ever happened. Ten clocks on the wall of the plant in Navarre, Ohio, show local time from Norway to New Zealand and tell Miller Weldmaster's comeback story in a word: exports. Sixty percent of the company's business now comes from outside the United States. ...


Japanese consumers lead economic rebound in first quarter

Newly produced trucks are seen at an industrial port before they are loaded to a cargo ship in YokohamaTOKYO (Reuters) - Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports. The world's third-largest economy grew 1.0 percent in the January-March quarter, just above a median forecast of 0.9 percent. A 0.2 percent contraction in the economy reported for the final three months of 2011 was revised up to flat in the government data released on Thursday. ...


Exclusive: China pushes North Korea to drop nuclear test plan: sources

BEIJING (Reuters) - China has been quietly and gently pressuring North Korea to scrap plans for a third nuclear test, said two sources with knowledge of closed-door discussions between the countries, but there is no indication how the North will react. If North Korea goes ahead with the test, China would consider taking some retaliatory steps, but they would not be substantive, a source with ties to Pyongyang and Beijing told Reuters. ...

Crews battle to contain raging Arizona wildfires

PHOENIX (Reuters) - Crews with hand tools battled to contain wind-whipped Arizona wildfires on Wednesday that have raced across more than 30 square miles of parched ponderosa forest, brush and grassland, consuming several buildings and threatening a small town. The Sunflower Fire, the largest of at least four blazes in central and eastern Arizona, has burned nearly 20 square miles (52 square kilometers) in the Tonto National Forest, about 40 miles north of Phoenix, fire officials said. ...

Crews battle to contain raging Arizona wildfires

PHOENIX (Reuters) - Crews with hand tools battled to contain wind-whipped Arizona wildfires on Wednesday that have raced across more than 30 square miles of parched ponderosa forest, brush and grassland, consuming several buildings and threatening a small town. The Sunflower Fire, the largest of at least four blazes in central and eastern Arizona, has burned nearly 20 square miles (52 square kilometers) in the Tonto National Forest, about 40 miles north of Phoenix, fire officials said. ...

Obama wants tough rules after JPMorgan loss: report

WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday. Citing people familiar with the matter, the report said White House officials have stepped up talks with the Treasury Department in the several days since the staggering loss was disclosed by the bank. The discussions, according to the report, represent the first tangible political impact from the trading debacle. ...

Obama wants tough rules after JPMorgan loss: report

WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday. Citing people familiar with the matter, the report said White House officials have stepped up talks with the Treasury Department in the several days since the staggering loss was disclosed by the bank. The discussions, according to the report, represent the first tangible political impact from the trading debacle. ...

Family cancels weekend search for missing Hollywood executive

LOS ANGELES (Reuters) - The family of a Hollywood executive reported missing more than two weeks ago called off on Wednesday a major search planned for this weekend after consulting with authorities. Relatives of Gavin Smith who had initially asked the public to help look for him also canceled a round of media interviews they had been scheduling for Friday. Smith, 57, a film distribution executive for 20th Century Fox, was last seen on May 1 driving away from a friend's home in the community of Oak Park, north of Los Angeles, in his black Mercedes. "After consultations between the L.A. ...

Family cancels weekend search for missing Hollywood executive

LOS ANGELES (Reuters) - The family of a Hollywood executive reported missing more than two weeks ago called off on Wednesday a major search planned for this weekend after consulting with authorities. Relatives of Gavin Smith who had initially asked the public to help look for him also canceled a round of media interviews they had been scheduling for Friday. Smith, 57, a film distribution executive for 20th Century Fox, was last seen on May 1 driving away from a friend's home in the community of Oak Park, north of Los Angeles, in his black Mercedes. "After consultations between the L.A. ...

Insight: Peak, pause or plummet? Shale oil costs at crossroads

Handout photograph of a drilling rig in the Eagle Ford Shale in South TexasNEW YORK (Reuters) - Occidental Petroleum was among the first major U.S. oil drillers to make a big bet on the resurgence of domestic production, spending billions to grab oil patches from Texas to North Dakota. Now, as it bemoans steep costs and moves its rigs out of the Bakken shale oil fields, some analysts wonder if the company has lost its clairvoyance. After two years of unyielding gains, costs are bound to fall, they say. The California-based energy giant is beset by escalating labor costs in North Dakota, which has the lowest unemployment rate in the country. ...


Afghanistan mulls Islamic bonds, fearing Western cash cutback

KABUL (Reuters) - Afghanistan, which has only a semblance of a capital market, intends to sell Islamic bonds as it braces for a possible sharp fall in Western financial support as the war against the Taliban winds down, a senior central bank official said this week. The official said the sale of short-term Islamic bonds, also known as sukuk, is still in the planning stage, but could be a new way of raising money for the government. ...

Afghanistan mulls Islamic bonds, fearing Western cash cutback

KABUL (Reuters) - Afghanistan, which has only a semblance of a capital market, intends to sell Islamic bonds as it braces for a possible sharp fall in Western financial support as the war against the Taliban winds down, a senior central bank official said this week. The official said the sale of short-term Islamic bonds, also known as sukuk, is still in the planning stage, but could be a new way of raising money for the government. ...

Census: Minorities now surpass whites in US births

Chart shows racial breakdown of births in the U.S. from July 2010 to JulyFor the first time, racial and ethnic minorities make up more than half the children born in the U.S., capping decades of heady immigration growth that is now slowing.


JPMorgan's future losses at the mercy of an obscure index

The JP Morgan Chase & Co. headquarters is pictured in New York(Reuters) - It's the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase & Co's trading loss will be from a hedging strategy that went wrong. The biggest U.S. bank by assets has already disclosed $2 billion of paper losses, and Chief Executive Jamie Dimon said it could lose another $1 billion or more. The losses will grow, some traders say, because it appears JPMorgan has only sold a small portion of its position, leaving it vulnerable to price swings in a thinly traded market. Others are not so sure the bank will suffer much more than it already has. ...


Venezuelan-born academic named president of MIT

Massachusetts Institute of Technology President Susan Hockfield presents MIT President-elect L. Rafael Reif with an MIT jersey with the number 17 on it during an MIT Community Meeting after his election to the post of President was announced at MassachCAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61, replaces Susan Hockfield, the first female president of MIT, who announced in mid-February that she was stepping down after almost eight years leading one of the most prestigious universities in the United States. Reif will take up his post at the Cambridge, Massachusetts, university on July 2, the first MIT president not to be a native English speaker. ...


Venezuelan-born academic named president of MIT

Massachusetts Institute of Technology President Susan Hockfield presents MIT President-elect L. Rafael Reif with an MIT jersey with the number 17 on it during an MIT Community Meeting after his election to the post of President was announced at MassachCAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61, replaces Susan Hockfield, the first female president of MIT, who announced in mid-February that she was stepping down after almost eight years leading one of the most prestigious universities in the United States. Reif will take up his post at the Cambridge, Massachusetts, university on July 2, the first MIT president not to be a native English speaker. ...


Analysis: U.S. bond bulls not ready to call off the charge

NEW YORK (Reuters) - They are the few, the brave, the unloved, and among big investors, their number shrinks by the month. They are the last of the bond bulls, the investors who believe long-term U.S. government bonds will extend a historic run that has already pushed interest rates to multi-decade lows. Recent surveys show broad disdain for Treasuries among market cognoscenti. ...

Report: Fewer US homes foreclosed upon in April

National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process.

Data suggests drug treatment can lower U.S. crime

WASHINGTON (Reuters) - U.S. crime statistics show illegal drugs play a central role in criminal acts, providing new evidence that tackling drugs as a public health issue could offer a powerful tool for lowering national crime rates, officials said on Thursday. An annual drug monitoring report, released by the White House Office of National Drug Control Policy, also showed a decline in the use of cocaine since 2003, a sign that drug-interdiction efforts and public education campaigns may be curtailing the use of the drug's powder and crack forms. ...

Data suggests drug treatment can lower U.S. crime

WASHINGTON (Reuters) - U.S. crime statistics show illegal drugs play a central role in criminal acts, providing new evidence that tackling drugs as a public health issue could offer a powerful tool for lowering national crime rates, officials said on Thursday. An annual drug monitoring report, released by the White House Office of National Drug Control Policy, also showed a decline in the use of cocaine since 2003, a sign that drug-interdiction efforts and public education campaigns may be curtailing the use of the drug's powder and crack forms. ...

No sure thing for GOP: a tight battle for Senate

FILE - In this May 15, 2012 file photo, Nebraska Democratic Senate candidate Bob Kerrey speaks in the Benson neighborhood in Omaha, Neb. It's encouraging news for Democrats: Divisive Republican primaries, a surprise GOP retirement in Maine and an unexpectedly strong Democratic challenger in North Dakota are making the battle for Senate control increasingly difficult to predict. Nearly half of all races appear competitive, an unusually high number. (AP Photo/Nati Harnik, File)Divisive Republican primaries, an out-of-nowhere GOP retirement in Maine and an unexpectedly competitive race in North Dakota add up to an unpredictable battle for control of the Senate this fall, confounding early forecasts that an era of Democratic rule was inevitably coming to an end.


U.S. lowers threshold for lead poisoning in children

ATLANTA (Reuters) - The U.S. Centers for Disease Control and Prevention cut its threshold level for defining lead poisoning in children to 5 micrograms per deciliter on Wednesday from 10, marking the first such reduction in 20 years. "The recommendation was based on a growing number of scientific studies showing that even low blood lead levels can cause lifelong health effects," the CDC said, in adopting the recommendation of an advisory committee. "Today, CDC is officially announcing our agreement with that recommendation. ...

U.S. lowers threshold for lead poisoning in children

ATLANTA (Reuters) - The U.S. Centers for Disease Control and Prevention cut its threshold level for defining lead poisoning in children to 5 micrograms per deciliter on Wednesday from 10, marking the first such reduction in 20 years. "The recommendation was based on a growing number of scientific studies showing that even low blood lead levels can cause lifelong health effects," the CDC said, in adopting the recommendation of an advisory committee. "Today, CDC is officially announcing our agreement with that recommendation. ...
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