Less than a week after a string of tornadoes killed six
people in north Texas, a massive storm system tore through the
center of the country on Sunday, spawned at least a dozen
tornadoes, killing at least one person, injuring a dozen others and
causing extensive damage from Georgia to Minnesota. A tornado at
By Rodrigo Campos NEW YORK (Reuters) - Stocks were set to dip
at the open on Monday as investors search for catalysts after major
U.S. equity indexes closed a fourth consecutive week of gains
Friday. Deals including Yahoo's $1.1 billion bid for Tumblr
indicate that companies continue to search for growth through
acquisitions despite record highs, a bullish sign for stocks. The
S&P 500 and Dow industrials finished Friday at fresh record
highs and the Nasdaq Composite is at its highest since late 2000.
SHAWNEE, Okla. (AP) — When Lindsay Carter heard on the radio
that a violent storm was approaching her rural Oklahoma
neighborhood, she gathered her belongings and fled. When she
returned, there was little left of the community Carter had called
By Syed Raza Hussan ISLAMABAD (Reuters) - Supporters of an
influential Pakistani political party took to the streets of
Karachi on Monday to protest against cricket-hero-turned-politician
Imran Khan, who has accused it of killing one of his senior staff a
week after a general election. Furious members of the Muttahida
Quami Movement (MQM) have denied responsibility for the killing of
Zara Shahid Hussain on Saturday outside her home in the upscale
Defence area of Karachi, capping a bloody election in which about
150 people were killed nationwide. ...
(Reuters) - Yahoo Inc said it is acquiring blogging service
Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa
Mayer to revitalize the struggling Internet pioneer by co-opting a
Web property with strong visitor traffic but little revenue. The
deal, which will use about a fifth of Yahoo's $5.4 billion in cash
and marketable securities, is the largest by far since Mayer took
the reins in July seeking to reverse a multi-year decline in
Yahoo's business and Web traffic. ...
By Yousri Mohamed EL-ARISH, Egypt (Reuters) - The Egyptian
army sent reinforcements into the Sinai Peninsula on Monday after
President Mohamed Mursi said there would be no talks with militant
Islamists who abducted seven members of the security forces last
week. Radical Islamists have expanded into a security vacuum in
Sinai that the state has struggled to fill since an uprising swept
autocrat Hosni Mubarak from power in 2011. The groups have launched
attacks on Israel and targets in North Sinai. ...
JUBA, South Sudan (AP) — Twenty-four people died in a battle
between South Sudan's military and rebel fighters the government
believes to be supported by neighboring Sudan, while a
tribe-on-tribe cattle-raiding attack elsewhere in the country
killed 27 people, officials said Monday.
NEW YORK (Reuters) - The Securities Industry and Financial
Markets Association named former Republican Senator Judd Gregg as
its chief executive officer, the lobbying group said Monday. The
appointment of the veteran politician, who also was governor of New
Hampshire and a member of the U.S. House of Representatives,
continues a growing trend of legislators, financial regulators,
bank executives and lobbyists moving back and forth among the
KABUL, Afghanistan (AP) — A suicide bomber dressed in a police
uniform killed 14 people including a prominent provincial council
chief Monday in northern Afghanistan in an attack outside the
council headquarters, authorities said. The Taliban insurgency
quickly claimed responsibility.
BEIRUT (AP) — Syrian government forces pushed deeper into a
strategic opposition-held town near the Lebanese border Monday,
battling rebels in fierce street fighting, state-media reported. An
activist group said at least 23 elite fighters from Lebanon's
Hezbollah militant group fighting alongside regime troops have been
killed in the clashes.
(Reuters) - Chesapeake Energy Corp has hired Robert Douglas
Lawler of rival Anadarko Petroleum Corp as its chief executive,
filling the post vacated by co-founder Aubrey McClendon in April.
Shares of Chesapeake, the second-largest U.S. natural gas producer,
rose 2 percent in trading before the bell. Lawler, 46, who is
senior vice-president of international and deep-water operations at
Anadarko Petroleum, would join Chesapeake on June 17, the company
said in a statement. ...
KAMPALA, Uganda (AP) — Ugandan police forcibly entered the
premises of an independent newspaper to look for evidence against
an army general who recently questioned the president's alleged
plan to have his son succeed him, witnesses said Monday.
MOSCOW (AP) — Russia's only independent polling agency said
Monday it may have to close after prosecutors targeted it for
"political activity" under a law spearheading President Vladimir
Putin's crackdown on civil society.
By Kareem Raheem BAGHDAD (Reuters) - At least 43 people were
killed in car bomb explosions targeting Shi'ite Muslims in the
Iraqi capital and the southern oil hub of Basra on Monday, police
and medics said. The attacks brought the number of people killed in
sectarian violence in the past week to almost 200. Tensions between
Shi'ites, who now lead Iraq, and minority Sunni Muslims have
reached their highest level since U.S. troops pulled out in
December 2011. No group claimed responsibility for the bombings.
LONDON (AP) — More than a decade ago, British parents refused
to give measles shots to at least a million children because of a
vaccine scare that raised the specter of autism. Now, health
officials are scrambling to catch up and stop a growing epidemic of
the contagious disease.
(Reuters) - While the Federal Reserve's accommodative policies
have boosted stocks and helped the rich, it is unclear whether they
are doing enough for the broader U.S. economy, a top central bank
official said on Monday. "We've made rich people richer...," Dallas
Fed President Richard Fisher said on CNBC television. "Question is
what have we done for working men and women in America?" Fisher,
who has long opposed the Fed's bond-buying program and wants to
reduce it, added he expects real gross domestic product growth of
more than 2.5 percent by year end. ...
SEOUL, South Korea (AP) — North Korea continued firing
short-range weapons over its own eastern waters Monday after a
weekend of what it called "rocket launching tests" intended to
bolster deterrence against enemy attack. South Korean officials
were investigating exactly what it was that Pyongyang was
By Hereward Holland JUBA (Reuters) - South Sudan's army has
retaken an eastern town captured by rebels two weeks ago, a
military spokesman said on Monday, in a conflict that has uprooted
thousands of people and hampered government plans to explore for
oil. Army spokesman Philip Aguer said four soldiers and a dozen
rebels were killed during a brief battle on Sunday to recapture
Boma town in Jonglei state, where the government wants to search
for oil with the help of France's Total. "The SPLA (army) restored
order and control of Boma yesterday. I was there myself," Aguer
told Reuters. ...
BRIDGEPORT, Conn. (AP) — Connecticut commuters planned for
long, slow trips to and from work Monday following last week's
train collision that that injured 72 people and disrupted rail
service into New York City.
(Reuters) - Generic drugmaker Actavis Inc, which has been the
subject of takeover speculation, plans to buy specialty
pharmaceutical company Warner Chilcott Plc for $5 billion in stock.
The companies said the deal had an enterprise value, including
debt, of $8.5 billion. The move comes as Actavis has spurned
approaches from Canadian pharmaceutical company Valeant
Pharmaceuticals International Inc and Mylan Inc. Analysts have said
that if Actavis were to buy Warner Chilcott, it would kill the
chances of its being taken over. Warner Chilcott shareholders will
receive 0. ...
NOUAKCHOTT, Mauritania (AP) — The man who acted as the
spokesman for one of the three al-Qaida-linked groups occupying
northern Mali turned himself in over the weekend to Mauritanian
authorities on the border, an intelligence official briefed on the
matter confirmed on Monday.
(Reuters) - GE Capital Corp's board has approved a plan to
pay $6.5 billion in dividends, including a special dividend of $4.5
billion, to parent General Electric Co in 2013. "This announcement
is consistent with our goal to reduce the overall size of GE
Capital and for it to return significant cash to GE," GE Chairman
and CEO Jeff Immelt said in a statement. (Corrects headline and
first paragraph to say GE Capital plans to pay $6.5 billion to GE,
not $11 billion) (Reporting by Mridhula Raghavan in
JERUSALEM (Reuters) - A bank robbery in Israel on Monday
ended with the deaths of five people, including one of the holdup
men who apparently shot and killed himself when police launched a
raid to free hostages. Police special forces surrounded the branch
of Bank Hapoalim in the southern city of Beersheba after two
robbers carried out the botched lunchtime heist in a residential
street. Witnesses reported volleys of gunfire, and a nearby school
went into lockdown. ...
MAKHACHKALA, Russia (Reuters) - Two car bombs exploded in
Dagestan on Monday, killing at least eight people and wounding
about 20 others, investigators said, one of the deadliest attacks
this year in a region plagued with violence linked to an Islamist
insurgency. The blasts occurred in swift succession outside the
headquarters of the court bailiffs' service in the provincial
capital, Makhachkala. Car bombs, suicide bombings and firefights
are routine in Dagestan, center of an Islamist insurgency rooted in
two post-Soviet wars against separatist rebels in neighboring
By Yeganeh Torbati DUBAI (Reuters) - Iran's electoral watchdog
said on Monday it would bar physically feeble candidates from
running for president, in an apparent hint that it could disqualify
78-year-old former President Akbar Hashemi Rafsanjani from the
race. Rafsanjani, if he is allowed to run, would be a significant
challenge to conservative hardliners who are ultra-loyal to Supreme
Leader Ayatollah Ali Khamenei and who otherwise dominate the field
for the June 14 presidential election. ...
BAGHDAD (AP) — A string of car bombs and shootings killed at
least 57 people in Shiite and Sunni areas of Iraq on Monday,
officials said, escalating fears of a return to widespread
sectarian bloodletting in the country.
GOMA, Congo (AP) — Clashes erupted Monday in eastern Congo
between government troops and a rebel group believed to be backed
by neighboring Rwanda, the first fighting between the groups since
the M23 rebels overtook and later retreated from the provincial
capital Goma last year.