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Winning numbers drawn in Powerball jackpot

Brianwa Flores, left, and Katie Cosentino from Illinois State Lottery greet hockey fans before Game 2 of an NHL hockey playoff Western Conference semifinal between the Detroit Red Wings and the Chicago Blackhawks in Chicago, Saturday, May 18, 2013. A little more than a year after three tickets split a world-record lottery prize, the jackpot for Saturday's Powerball drawing was nearing historic territory. Should nobody pick the correct six numbers, the prize money will roll over to next week's drawing and almost certainly eclipse the $656 million doled out to winners in Illinois, Kansas and Maryland in the Mega Millions game in March 2012. (AP Photo/Nam Y. Huh) Lottery officials have announced winning numbers in a massive jackpot.


Authorities: Hofstra student killed by police

In this photo copied from the 2010 Sleepy Hollow High School yearbook, high school student Andrea Rubello is shown. Police said Rubello, a junior at Hofstra University in Hempstead, N.Y., was shot and killed Friday, May 17, 2013, during a break-in near the college campus. (AP Photo/Sleepy Hollow High School) A student being held by an armed home intruder was shot and killed by a responding officer, police say.


FBI searches apartment in ricin letter case

During the execution of a search warrant, members of the Joint Federal Haz-Mat Team, FBI, and local law enforcement gather in front of the Osmun Apartments near the intersection of First Avenue and Oak Street in Browne's Addition on Saturday, May 18, 2013 in Spokane, Wash. The search warrant is in connection with ricin-laced letters intercepted at a Post Office facility in Spokane earlier in the week. (AP Photo/TheSpokesman-Review, Colin Mulvany) COEUR D'ALENE PRESS OUT Authorities are investigating the recent discovery of a pair of letters containing the deadly poison.


Investigators eye fractured rail in Conn. train crash

Passengers wait to be picked-up after two commuter trains collided in Bridgeport Authorities have ruled out foul play in Friday's collision.


Ex-Pa. officer once hailed as hero faces charges

FILE - In this Monday, Dec. 10, 2007 file photo, Philadelphia police officer Richard DeCoatsworth, who was shot in the face on duty while making a traffic stop, listens to Gov. Ed Rendell during a rally to push for new state gun laws at the Capitol in Harrisburg, Pa. The former Philadelphia police officer once hailed as a hero and given a seat next to the first lady at a speech by President Obama has been arrested and charged with rape and other crimes for an alleged Thursday, May 16, 2013 incident. (AP Photo/Jason Minick) Richard DeCoatsworth has been arrested and charged with rape and other crimes.


Up to 60 hurt after car drives into Va. parade

Emergency personnel respond to one of the people hit by a car, at right, during the beginning of the Hikers Parade at the Trail Days festival in Damascus, Va., Saturday, May 18, 2013. Witnesses said the car drove into a crowd at the parade and hurt several people, but the nature of their injuries wasn't immediately known. (AP Photo/Bristol Herald Courier, Earl Neikirk) An elderly driver plowed into dozens of marchers, authorities say.


Victims: Marines failed to safeguard water supply

A sign cautions visitors outside a "pump and treat" facility on the Marine base at Camp Lejeune, N.C., on Wednesday, Feb. 27, 2013. The sprawling installation is the site of one of the worst drinking water contaminations in U.S. history. (AP Photo/Allen Breed) A simple test could have alerted officials that drinking water at Camp Lejeune was contaminated.


Plane makes emergency belly landing

In this image taken from video and provided to WABC TV News by an airport source, emergency personnel spray foam on the fuselage of a US Airways Express commuter plane after it made a belly landing at Newark Liberty International Airport, Saturday, May 18, 2013, in Newark, N.J. The turboprop plane reportedly left Philadelphia shortly before 11 p.m., Friday, and landed safely at Newark with its landing gear retracted at about 1 a.m., Saturday. There were no injuries. (AP Photo/WABC TV News) MANDATORY CREDIT; NYC OUT An airline official says a US Airways Express flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble.


First lady to high school grads: Live your dreams

First lady Michelle Obama jokes with a student as she hands out diplomas during the graduation ceremony for Martin Luther King, Jr. Academic Magnet High School on Saturday, May 18, 2013, in Nashville, Tenn. (AP Photo/Mark Humphrey) First lady Michelle Obama has some advice for some Tennessee high school graduates: Strike your own path in college and life and work to overcome inevitable failures with determination and grit.


Texas joins flood of states suing BP over 2010 Gulf spill

Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history.

Paul McCartney kicks off 'Out There' tour in U.S.

FILE - In this Sunday, Nov. 21, 2010 file photo, British musician Paul McCartney performs during his "Up And Coming Tour" at the Morumbi Stadium in Sao Paulo. McCartney is kicking off the North American leg of his "Out There" tour in Orlando, Fla., on Saturday, May 18, 2013. The massive production, which requires 31 trucks worth of equipment, includes lasers, huge pyrotechnics, and state of the art video displays, according to the website of the former Beatles star. (AP Photo/Andre Penner, File) Paul McCartney is kicking off the North American leg of his "Out There" tour in Orlando.


Obama marches on despite controversies

President Barack Obama speaks about jobs, at Ellicott Dredges in Baltimore, Friday, May 17, 2013, during his second "Middle Class Jobs and Opportunity Tour". (AP Photo/Jacquelyn Martin) His agenda doesn't appear to have been dramatically harmed thus far.


Majority of number combos picked for Powerball pot

A customer, right, waits for his Powerball lottery ticket at a convenience store in Chicago on Saturday, May 18, 2013. A little more than a year after three tickets split a world-record lottery prize, the jackpot for Saturday's Powerball drawing was nearing historic territory. Should nobody pick the correct six numbers, the prize money will roll over to next week's drawing and almost certainly eclipse the $656 million doled out to winners in Illinois, Kansas and Maryland in the Mega Millions game in March 2012. (AP Photo/Nam Y. Huh) It's all about the odds.With the majority of possible combinations of Powerball numbers in play, someone is almost sure to win the game's highest jackpot on Saturday night.


North Korea fires three short-range missiles

North Korean leader Kim Jong-un speaks during a plenary meeting of the Central Committee of the Workers' Party of Korea in Pyongyang North Korea fired three short-range missiles from its east coast on Saturday, South Korea's Defence Ministry said, prompting Western powers to urge Pyongyang to exercise restraint.


French probe finds LVMH built up Hermes stake in secret - paper

(Blank Headline Received) PARIS (Reuters) - The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a newspaper reported. LVMH said it would fight the findings of the watchdog's probe before its sanctions committee when it meets on May 31 to hear the company's defence. Hermes was not immediately available for comment. LVMH, which owns 22. ...


Sea turtle comeback in a corner of the Caribbean

In this May 2, 2013 photo, a leatherback turtle heads back into the ocean after burying her clutch of eggs in the sand at daybreak on a narrow strip of beach in Grande Riviere, Trinidad. In years past, poachers from Grande Riviere and nearby towns would ransack the turtles’ buried eggs and hack the critically threatened reptiles to death with machetes to sell their meat in the market. Now, the turtles are the focus of a thriving tourist trade, with people so devoted to them that they shoo birds away when the turtles first start out as tiny hatchlings scurrying to sea. (AP Photo/David McFadden) Giant leatherback turtles, some weighing half as much as a small car, drag themselves out of the ocean and up the sloping shore on the northeastern coast of Trinidad.


Merkel and Pope talk about a 'strong' Europe

Pope Francis meets with German Chancellor Angela Merkel during a private audience at the Vatican, Saturday, May 18, 2013. (AP Photo/Gregorio Borgia, Pool) German Chancellor Angela Merkel, mindful of the weight of Christian voters in September elections, made a quick trip to Rome Saturday for a private meeting with Pope Francis.


Germany's Merkel visits Pope, urges tougher market controls

Pope Francis gestures as he talks to German Chancellor Angela Merkel during a private audience at the Vatican By James Mackenzie VATICAN CITY (Reuters) - German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless "dictatorship of the economy", called for stronger regulation of financial markets. On Thursday, Francis appealed in a speech for world financial reform, saying the global economic crisis had made life worse for millions in rich and poor countries. Merkel visited Rome for a few hours specifically to meet the pontiff and spoke with him privately in his library for 45 minutes, unusually long for a private papal audience. ...


CA-BUSINESS Summary

TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the lone sector to finish in the red of ten main sectors, as the price of gold fell for a seventh straight session. ...

Bernanke upbeat on innovation outlook in commencement address

U.S. Federal Reserve Chairman Bernanke attends the G20 finance ministers meeting during the Spring Meeting of the IMF and World Bank in Washington WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home. Bernanke made no reference to monetary policy or the immediate outlook for the U.S. economy in prepared remarks to graduates of Bard College at Simon's Rock, Massachusetts. But the die-hard baseball fan did manage to work in a reference to one of the sport's greats. ...


Markets Weekahead - Sensex risks consolidation; SBI earnings

(Blank Headline Received) Reuters Market Eye - The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday. Earnings will be key, with Coal India Ltd , State Bank of India Ltd and Jet Airways Ltd set to report next week. Investors will also be eyeing whether strong foreign buying continues. Overseas investors were net buyers for 21 consecutive sessions as of Thursday, bringing their net purchases for the year to about $13 billion, according to regulatory data. ...


Polish conservative opposition leads opinion poll

Poland's Prime Minister Donald Tusk speaks to the media during a news conference at the Prime Minister's Chancellery in Warsaw WARSAW (Reuters) - Poland's opposition Law and Justice (PiS) party has overtaken the ruling Civic Platform in an opinion poll released on Saturday, showing the government may be increasingly vulnerable to the economic downturn. The center-right Civic Platform, led by Prime Minister Donald Tusk won 40 percent of the vote at the 2011 election, but its support was down to 23 percent in the survey carried out by CBOS, one of Poland's biggest polling organizations. ...


Wall Street Week Ahead: Correction talk gets old as rally sails along

Traders wait for Tableau Software Inc. to begin trading on the floor of the New York Stock Exchange By Angela Moon NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the S&P 500 is up 4.4 percent so far this month and up nearly 17 percent for the year. But as the three major U.S. stock indexes inch higher and higher to set record after record, many analysts are shrugging off the pullback worries. ...


China April housing inflation quickens to two year high

A salesperson talks to a customer behind models of a residential compound at a real estate exhibition in Wuxi By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices rose 4.9 percent last month from a year ago, after a year-on-year increase of 3.6 percent in March, according to Reuters calculations from data released by the National Bureau of Statistics(NBS) on Saturday. The rise was the sharpest since April 2011. ...


Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations

EU Trade Commissioner Karel de Gucht stands for a portrait while visiting Reuters in New York By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ...


Tata Tele (Maharashtra) share sale cancelled

NEW DELHI (Reuters) - Tata Sons Ltd, the promoter of Tata Teleservices (Maharashtra) Ltd , cancelled a share auction it had launched in the telecommunications carrier on Friday after most bids were below a floor price set by the company. Tata Sons had planned to sell 51.6 million shares or a 2.7 percent stake in the phone company and increase the public holding to 25 percent in line with rules issued by the stock market regulator. ...

NYSE cancels irregular trades in Anadarko stock: Bloomberg

(Reuters) - The New York Stock Exchange canceled trades in Anadarko Petroleum Corp after a blip in trading cut the market value of the company by 99 percent, according to a report in Bloomberg. Trading in the shares of the $45.15 billion company plunged to trade at 1 cent per share shortly before markets closed on Friday. The stock gained back its losses and closed up 2.5 pct $90.03 on the New York Stock Exchange. NYSE Euronext canceled trades executed at or below $87.56, the news agency said. (http://r.reuters.com/pyv28t) The U.S. ...

Dow, S&P end at records, stocks mark 4th week of gains

Traders work on the floor at the New York Stock Exchange By Leah Schnurr NEW YORK (Reuters) - U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial shares. The indexes have pushed to a series of never-before-seen levels as part of the rally that has lifted equities more than 16 percent for the year so far. ...


Stocks rise on hopeful signs for the US economy

FILE - In this Thursday, May 2, 2013, file photo, Trader Kevin Lodewick works on the floor of the New York Stock Exchange. World stock markets were mixed Friday May 17, 2013 as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. (AP Photo/Richard Drew) NEW YORK (AP) — Encouraging news about the U.S. economy extended the stock market's rally Friday.


Stocks rise on hopeful signs for the US economy

FILE - In this Thursday, May 2, 2013, file photo, Trader Kevin Lodewick works on the floor of the New York Stock Exchange. World stock markets were mixed Friday May 17, 2013 as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. (AP Photo/Richard Drew) NEW YORK (AP) — Encouraging news about the U.S. economy extended the stock market's rally Friday.


After tough week, Obama tries to change the subject to jobs

U.S. President Barack Obama talks with pre-kindergarten students in Baltimore By Roberta Rampton and Mark Felsenthal BALTIMORE (Reuters) - President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announced he will try to cut in half the time it takes to get federal approval for large job-creating projects. Obama traveled to Baltimore, a short helicopter ride from the White House, to talk about steps he is taking to streamline permits for infrastructure, early childhood education, and positive signs in the economy. ...


Dow, S&P end at records, stocks mark fourth week of gains

Traders work on the floor at the New York Stock Exchange By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial shares. The indexes have pushed to a series of never-before-seen levels as part of the rally that has lifted equities more than 16 percent for the year so far. ...


Dow, S&P end at records, stocks mark fourth week of gains

Traders work on the floor at the New York Stock Exchange By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial shares. The indexes have pushed to a series of never-before-seen levels as part of the rally that has lifted equities more than 16 percent for the year so far. ...


Kerry to attend Syria talks on May 22, visit Mideast, Africa

WASHINGTON (Reuters) - U.S. Secretary of State John Kerry will attend talks on Syria in Amman on Wednesday, the State Department said, as major powers try to bring the Syrian government and opposition to peace talks in June. Kerry's visit is part of a one-week trip that begins in Oman on Tuesday and includes talks about the Israeli-Palestinian conflict in Jerusalem and Ramallah on Thursday and Friday as well as an African Union summit in Addis Ababa over the weekend. He then is scheduled to return to Jordan on Sunday to attend the World Economic Forum. ...

TSX rises as gold miners lone sore spot

A general view of the TSX (Toronto Stock Exchange) Broadcast Centre in Toronto By Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the lone sector to finish in the red of ten main sectors, as the price of gold fell for a seventh straight session. That weakness in gold came after some Federal Reserve officials said the U.S. ...


Bill clears House for wider SEC economic analyses

Legislation cleared the House on Friday that would place stricter requirements on the federal agency overseeing Wall Street to assess the costs and benefits of its regulations before they are issued. The ...

Mexico cuts growth outlook from 3.5 to 3.1 percent

MEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.

House votes for more scrutiny of economic impact of SEC rules

By Sarah N. Lynch WASHINGTON (Reuters) - A divided House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street. The bill, which is not expected to make it to the Democrat-controlled Senate floor for a vote, passed largely along party lines in a 235-161 vote. Republicans backed the measure as reducing red tape for business. ...

Brazil approves law to modernize ports

SAO PAULO (AP) — Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth,

Fed has not lowered interest rates enough: Kocherlakota

Minneapolis Federal Reserve Bank President Narayana Kocherlakota speaks at a macro-finance conference hosted by the Boston Federal Reserve Bank and Boston University in Boston By Ann Saphir CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years. Since the Great Recession, workers and businesses are seeking safer assets, even as the supply of assets perceived as safe dwindles, Minneapolis Fed President Narayana Kocherlakota told a group convened by the University of Chicago Booth School of Business. ...


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