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| Mother and baby killed as tornadoes menace Oklahoma City Friday, May 31, 2013 08:34 PM PDT  By Heide Brandes OKLAHOMA CITY (Reuters) - Violent thunderstorms spawned tornadoes that menaced Oklahoma City and its already hard-hit suburb of Moore on Friday, killing a mother and her baby, and officials worried that drivers stuck on freeways could be trapped in the path of dangerous twisters. The mother and baby were killed while traveling on Interstate 40, just west of Oklahoma City, when their vehicle was picked up by the storm, said Betsy Randolph, spokeswoman for the Oklahoma Highway Patrol. The interstate was shut down due to the storm, with multiple crashes and injuries. ... Full Story | Top |
| China punishes two brokerages in IPO fraud crackdown Friday, May 31, 2013 08:18 PM PDT BEIJING (Reuters) - China's securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing's determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will fine Minsheng Securities 2 million yuan ($326,000) for failed due diligence in Shanxi Tianneng Technology's attempt to launch an initial public offering in 2011, the regulator said in a statement on its website. ... Full Story | Top |
| Ex-NBA player Mookie Blaylock in critical condition after crash Friday, May 31, 2013 08:07 PM PDT  By David Beasley ATLANTA (Reuters) - Former NBA player Mookie Blaylock was in critical condition at an Atlanta hospital on Friday after being involved in a car crash that killed another person, police said. Jonesboro Police Chief Frank Allen told Reuters that Blaylock, 46, was taken off life support when his condition stabilized. Atlanta Medical Center spokeswoman Nicole Gustin said Blaylock, who played most of his career with the Atlanta Hawks, was listed in critical condition at the facility, but she could not release other details. ... Full Story | Top |
| Pistorius lawyer demands answers over bloody leaked pictures Friday, May 31, 2013 08:06 PM PDT  By Peroshni Govender JOHANNESBURG (Reuters) - Lawyers for "Blade Runner" Oscar Pistorius demanded answers from South African police and prosecutors on Friday after pictures of the bathroom and toilet where he shot dead his girlfriend were leaked to a British television station. Sky News obtained a series of images of the crime scene in Pistorius' luxury Pretoria home where the double amputee track star shot his girlfriend, model Reeva Steenkamp, on Valentine's Day on February 14. ... Full Story | Top |
| CA-BUSINESS Summary Friday, May 31, 2013 07:23 PM PDT Soft data, commodity prices take TSX to one-week low TORONTO (Reuters) - Canada's main stock index retreated sharply on Friday as lower commodity prices triggered a slump in shares of natural resource companies and weak economic data out of Europe and the United States dampened investor sentiment. While almost every major sector declined, the index still looked on track for a gain in May, reversing losses in the previous two months. ... Full Story | Top |
| China May official PMI stronger than expected Friday, May 31, 2013 07:23 PM PDT  BEIJING (Reuters) - China's official PMI rose to 50.8 in May from 50.6 in April, data showed on Saturday, beating market expectations and raising optimism that the world's second-largest economy may be stabilizing. Investors will get a fuller picture of the Chinese economy on Monday when the official services PMI is released along with the final HSBC survey that focuses on smaller private sector firms in the country. ... Full Story | Top |
| 'GMA' beats 'Today' in May sweeps for first time in 19 years Friday, May 31, 2013 06:04 PM PDT By Jethro Nededog LOS ANGELES (TheWrap.com) - ABC's "Good Morning America" notched another victory over NBC's "Today" with Friday's announcement that it had won May sweeps in both the key demo and total viewers for the first time in 19 years. During the May sweeps period, "GMA" attracted 1.8 rating/13 share and 2.1 million viewers per episode in the advertiser-coveted key news demo of Adults 25-54, 110,000 more than "Today" (1.7/12, 1.99 million viewers) for the first time in 19 years. "GMA" also won in total viewers with an average 4. ... Full Story | Top |
| DirecTV, two others bid over $1 billion for Hulu: source Friday, May 31, 2013 05:10 PM PDT  By Ronald Grover and Liana B. Baker (Reuters) - Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu, a source with knowledge of the bidding process said on Friday, increasing the likelihood that owners News Corp and Walt Disney Co will be able to shed the video streaming service they failed to sell in 2011. Hulu board members, who are being advised by Guggenheim Partners on the auction, fielded at least seven buyout offers last week, the source said. ... Full Story | Top |
| Ex-NBA player Mookie Blaylock on life support after crash -report Friday, May 31, 2013 05:09 PM PDT May 31 (Reuters) - Former NBA player Mookie Blaylock was on life support in an Atlanta hospital after being involved in a car crash on Friday, the Atlanta Journal-Constitution reported. Atlanta Medical Center spokeswoman Nicole Gustin confirmed that Blaylock, 46, who played most of his career with the Atlanta Hawks, was listed in critical condition at the facility, but she could not release other details. ... Full Story | Top |
| Federal judge lifts ban on public access to Medicare data Friday, May 31, 2013 05:01 PM PDT By Maurice Tamman (Reuters) - A federal judge lifted a 33-year-old injunction barring public access to a confidential database of Medicare insurance claims, a decision that could lead to greater scrutiny of how physicians treat patients and charge for their services. Judge Marcia Morales Howard ruled Friday in favor of a motion by Dow Jones, publisher of the Wall Street Journal, that the U.S. District Court for the Middle District of Florida lift an injunction imposed in 1979. ... Full Story | Top |
| British businessmen await Cuba's verdict as graft trial ends Friday, May 31, 2013 04:50 PM PDT By Marc Frank HAVANA (Reuters) - The two-day trial of two top executives of a British investment fund ended in Havana on Friday with a five judge panel expected to deliver its verdict within 10 days. The sentences of two other foreigners tried a week ago have yet to be announced, as the government presses forward with an unprecedented crackdown on corruption. In this week's trial on the communist-run island, Amado Fakhre, a Lebanese-born British citizen and chief executive officer of Coral Capital Group Ltd, faced various bribery charges related mainly to the fund's import business. ... Full Story | Top |
| After news editor boycott, U.S. attorney general loosens rules Friday, May 31, 2013 03:51 PM PDT  By David Ingram WASHINGTON (Reuters) - U.S. Attorney General Eric Holder loosened his rules for speaking with media editors on Friday during a second day of meetings with them about his Justice Department's handling of investigations that involve reporters, the editors said. Representatives from Reuters and ABC News met with Holder, the chief U.S. law enforcement officer, and his staff following recent disclosures that federal prosecutors seized records from two other media outlets without advance notice. ... Full Story | Top |
| Obama pushes to hold down student loan interest rates Friday, May 31, 2013 03:49 PM PDT  By Elvina Nawaguna WASHINGTON (Reuters) - President Barack Obama on Friday pushed his plan to tie federal student loan interest rates to the market, and criticized a Republican plan passed by the House of Representatives that he said would cost borrowers more. The mounting burden of student loan debt, now pegged at more than $1 trillion, with an average borrower owing $27,000, is seen as a drag on the economy and a barrier to people getting educations needed for better jobs. Currently students pay the same fixed rate for federal student loans, set by the government at 3. ... Full Story | Top |
| NYSE asks SEC to reinstate volatility curbs Friday, May 31, 2013 03:47 PM PDT  NEW YORK (Reuters) - NYSE Euronext asked U.S. regulators on Friday to allow it to reintroduce rules to curb excessive trading volatility after several New York Stock Exchange-listed securities recently experienced sharp unintended drops. NYSE had a system in place to slow trading when a stock's price moved rapidly over a short period of time, but had to cancel it when the U.S. Securities and Exchange Commission introduced market-wide rules for trading halts in April. ... Full Story | Top |
| Trade panel delays decision in Apple-Samsung fight Friday, May 31, 2013 03:44 PM PDT  WASHINGTON (Reuters) - The U.S. International Trade Commission, which hears many patent fights, on Friday extended its deadline for ruling on whether Apple Inc infringes patents owned by Samsung Electronics Co Ltd in making the iPod Touch, iPhone and iPad. The ITC had said it would make a decision on Friday but delayed it until Tuesday, June 4. It gave no reason for the extension. An administrative law judge at the ITC had said in a preliminary ruling in September that Apple was innocent of violating the patents. The next step is for the full commission to weigh in. ... Full Story | Top |
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