By Poornima Gupta SAN FRANCISCO (Reuters) – Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman’s turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after [...]
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) – A British soldier was hacked to death by two men shouting Islamic slogans in a south London street on Wednesday, in what the government said appeared to be a terrorist attack. A dramatic clip filmed by an onlooker just minutes after the killing showed a man [...]
DUBAI (Reuters) – Bahrain’s main opposition group suspended its participation in reconciliation talks with the government for two weeks on Wednesday, blaming the slow pace of talks and the raid last week on a top Shi’ite Muslim cleric’s home. Little progress has been achieved in the talks that began in February as part of efforts [...]
By Peter Apps, Political Risk Correspondent WASHINGTON (Reuters) – Even as the United States accuses China of military espionage and worries about Beijing’s more strident posture in the Asia-Pacific region, the ties between the armed forces of the two nations have been getting closer. Direct contact between China’s People’s Liberation Army (PLA) and some of [...]
WASHINGTON (Reuters) – Below are highlights of the question and answer session of Federal Reserve Chairman Ben Bernanke’s testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. BERNANKE ON NO MBS SALES IN EXIT: "We have not updated the exit strategy we put out two years ago, which included sales of [...]
By Kim Dixon and Patrick Temple-West WASHINGTON (Reuters) – The Internal Revenue Service official at the center of a scandal about extra tax scrutiny of conservative groups told Congress on Wednesday she had done nothing wrong but invoked her constitutional right not to answer questions. Lois Lerner, who heads the IRS tax-exempt unit, angered lawmakers [...]
By Barbara Liston and Mark Hosenball ORLANDO, Fla./WASHINGTON (Reuters) – A Chechen immigrant who was being questioned about his possible links to one of the Boston Marathon bombing suspects was shot and killed by a federal agent in Florida on Wednesday after he suddenly turned violent, the FBI said. A friend of the dead man [...]
KIEV (Reuters) – Ukrainian Prime Minister Mykola Azarov ordered a dozen local reporters to be barred from covering government meetings after they staged a protest on Wednesday over attacks on journalists at a rally. When reporters at the cabinet meeting stepped in front of television cameras and turned their backs, emblazoned with slogans, on Azarov [...]
KIROV, Russia (Reuters) – A Russian official undermined state prosecutors’ case against protest leader Alexei Navalny at his trial on theft charges on Wednesday, saying that he had done no harm. Navalny, one of President Vladimir Putin’s biggest critics, said the testimony of Kirov region governor Nikita Belykh showed he was not guilty of charges [...]
By Lucia Mutikani WASHINGTON (Reuters) – Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of [...]
