| Business News |
HP seals EDS deal for $12.6 billion
(Reuters)
 Reuters - Hewlett-Packard Co plans to
buy technology outsourcing company Electronic Data Systems Corp
to better compete against IBM , but Wall Street
questioned whether the $12.6 billion deal for a slow-growing
company was overpriced.
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Oil price, financials hit Dow; techs lift Nasdaq
(Reuters)
 Reuters - Blue-chip stocks declined on Tuesday
as oil rose to another record and underscored concerns about
inflation, while the Federal Reserve chairman said financial
markets are still troubled.
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Icahn mulls Yahoo proxy fight: report
(Reuters)
 Reuters - Billionaire investor Carl Icahn is
considering launching a proxy fight at Yahoo Inc , CNBC
reported on Tuesday.
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Electronic Arts top expectations, eyes share gains
(Reuters)
 Reuters - Top video game publisher
Electronic Arts Inc on Tuesday posted a quarterly
profit that beat Wall Street expectations and said it expects
to gain market share on the strength of upcoming titles like
"Spore" and "The Sims 3."
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JPMorgan may cut 4,000 jobs on Bear deal and markets
(Reuters)
Reuters - JPMorgan Chase & Co could cut
as many as 4,000 of its own employees worldwide as the bank
prepares to take on staff from Bear Stearns Cos at the
same time it deals with turmoil in financial markets, people
familiar with the situation said on Tuesday.
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April retail sales firm outside auto sector
(Reuters)
 Reuters - U.S. retail sales excluding cars
were surprisingly strong in April, showing consumers still
willing to add spending punch to the economy despite soaring
food and energy prices, a government report showed on Tuesday.
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| News from HotNews category: |
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JAIPUR, India (Reuters) - Seven bombs ripped through the crowded streets of India's western city of Jaipur on Tuesday evening, killing around 60 people in markets and outside Hindu temples.
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BEIRUT (Reuters) - Lebanon's Sunni Muslim leader Saad al-Hariri pledged on Tuesday there would be no political surrender to what he called a bid by Hezbollah and its Syrian and Iranian backers to impose their will on the nation by force.
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WASHINGTON (Reuters) - More than 2 million U.S. teenagers have suffered a serious bout of depression in the past year, including nearly 13 percent of girls, according to a federal government survey released on Tuesday.
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JERUSALEM (Reuters) - Israeli Prime Minister Ehud Olmert said on Tuesday that he and Palestinian President Mahmoud Abbas had reached "understandings and points of agreement" on some key issues in U.S.-backed peace talks.
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WASHINGTON (Reuters) - North Korea has agreed to cooperate fully on verifying its nuclear declaration, a U.S. official said on Tuesday as he displayed some of the 18,822 documents Pyongyang has given Washington about its plutonium program.
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BOGOTA (Reuters) - Colombia extradited 14 former paramilitary leaders to the United States on Tuesday to face drug-trafficking and other charges after authorities said the warlords violated terms of a peace deal with the government.
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WASHINGTON (Reuters) - Mortgage fraud is an escalating problem in the United States, the FBI said on Tuesday in a report that cited the subprime lending crisis as a key contributing factor.
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YANGON (Reuters) - Heavy rains pelted homeless cyclone survivors in Myanmar's Irrawaddy delta on Tuesday, complicating the already slow delivery of aid to more than 1.5 million people facing hunger and disease.
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WASHINGTON (Reuters) - Hillary Clinton appeared headed to a big West Virginia victory over front-runner Barack Obama in the Democratic presidential race on Tuesday, although it could be too late to turn around her faltering White House bid.
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DUJIANGYAN, China (Reuters) - The death toll in China's earthquake climbed past 13,000 on Tuesday and looked likely to rise much higher after media said some 19,000 people were buried in rubble in just one area.
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BEIRUT (Reuters) - Lebanon's army stepped up patrols on Tuesday as part of a drive to restore order after a week of fighting between Hezbollah fighters and pro-government gunmen.
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BAGHDAD (Reuters) - An agreement aimed at ending fighting in the Baghdad bastion of Iraqi Shi'ite cleric Moqtada al-Sadr was on the verge of collapse on Tuesday after gunmen launched a spate of attacks on U.S. troops.
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YANGON (Reuters) - Heavy rains pelted homeless cyclone survivors in Myanmar's Irrawaddy delta on Tuesday, complicating already slow delivery of aid to more than 1.5 million people facing hunger and disease.
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CHARLESTON, West Virginia (Reuters) - Democratic front-runner Barack Obama made a quick stop in West Virginia on Monday ahead of an expected bad loss there to White House rival Hillary Clinton, but he was already looking past the contest to November's fig
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WASHINGTON (Reuters) - Heavy marijuana use can boost blood levels of a particular protein, perhaps raising a person's risk of a heart attack or stroke, U.S. government researchers said on Tuesday.
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WASHINGTON (Reuters) - President George W. Bush heads back to the Middle East on Tuesday facing broad skepticism over his chances of securing an Israeli-Palestinian peace deal before he leaves office in less than nine months.
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WASHINGTON (Reuters) - The United States announced on Monday it had revived a program offering rewards of up to $5 million a head for information leading to the arrest of 13 suspects in Rwanda's genocide.
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BEIRUT (Reuters) - Lebanon's army began taking steps on Tuesday to stop gunmen and groups from illegally carrying arms and to end -- by force if necessary -- a week of fighting between Hezbollah fighters and pro-government gunmen.
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WASHINGTON (Reuters) - Presumptive Republican presidential nominee John McCain remains a strong candidate despite a gloomy national mood and record low ratings for President George W. Bush, according to a Washington Post-ABC New poll released on Monday.
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YANGON (Reuters) - Two more American aid flights were due to leave for cyclone-hit Myanmar on Tuesday where the reclusive military government is keeping most foreign aid workers away from the devastated Irrawaddy delta.
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