Huge gains for Kenya power firm

17.05.2006 09:36 - source: BBC News

Shares in African power firm KenGen quadruple as the firm makes its debut on the Kenyan stock market. Read more…


New overture to Uganda's rebels

17.05.2006 09:37 - source: BBC News

Uganda's President Museveni says LRA rebel leader Joseph Kony will be safe if he ends the war by the end of July. Read more…


Athletics: Gatlin denied record

17.05.2006 09:37 - source: BBC News

Justin Gatlin is denied the outright world 100m record after his time of 9.76secs is dramatically changed. Read more…


Football: Barcelona v Arsenal

17.05.2006 09:37 - source: BBC News

Paris is alive with anticipation ahead of the eagerly awaited Champions League final between Barcelona and Arsenal. Read more…


Cannes launch for Da Vinci Code

17.05.2006 09:37 - source: BBC News

The world premiere of The Da Vinci Code, starring Tom Hanks, opens the Cannes film festival on Wednesday. Read more…


Democracy 'triumphs' in Nigeria

17.05.2006 09:37 - source: BBC News

Nigeria's vice-president says the defeat of a bill allowing the president to seek re-election will strengthen democracy. Read more…


Saddam trial hears defence case

17.05.2006 09:38 - source: BBC News

More defence witnesses testify at the trial of former Iraqi leader Saddam Hussein and seven co-defendants. Read more…


Iran shuns EU 'reactor incentive'

17.05.2006 09:38 - source: BBC News

President Mahmoud Ahmadinejad dismisses a possible European offer of a light-water nuclear reactor. Read more…


Prodi names Italian government

17.05.2006 09:38 - source: BBC News

Italy's incoming Prime Minister Romano Prodi names his new government after giving a list of ministers to the president. Read more…


South Russia blast kills minister

17.05.2006 09:38 - source: BBC News

A suspected suicide bombing in south Russia kills the Ingush deputy interior minister and six other people. Read more…


McCartney and Mills to separate

17.05.2006 09:38 - source: BBC News

Sir Paul McCartney and wife Heather Mills are to separate, blaming the split on "intrusion into their private lives". Read more…


Five Indonesians die of bird flu

17.05.2006 09:39 - source: BBC News

Five more people have died from bird flu in Indonesia, the World Health Organization confirms. Read more…


Gunman shoots Turkey court judges

17.05.2006 09:39 - source: BBC News

A gunman opens fire inside Turkey's highest court, leaving a number of judges seriously injured. Read more…


Northwest letter 'outrages' flight attendants union

17.05.2006 09:39 - source: CNNMoney.com

CHICAGO (Reuters) - The flight attendants union at bankrupt Northwest Airlines said Tuesday it is "outraged" over a letter the carrier sent to members saying it would not renegotiate if the workers rejected a tentative contract that has been put to vote.The flight attendants are deciding Read more…


TV's Thursday night cage match

17.05.2006 09:39 - source: CNNMoney.com

NEW YORK (CNNMoney.com) - NBC and ABC are apparently tired of watching CBS dominate the ratings on Thursdays, one of the most important nights of the week for network broadcasters.NBC announced on Monday that its eagerly awaited new drama, "Studio 60 on the Sunset Strip," will air on Read more…


Nike to pay $52.5 million in damages

17.05.2006 09:39 - source: CNNMoney.com

SAN FRANCISCO (Reuters) - Nike said Tuesday it will likely take a charge in the fourth quarter after an arbitrator ruled that its Converse unit should pay $52.5 million in damages to a former Latin American licensee, Alon International.The athletic shoe maker did not disclose details of Read more…


UAW approves Delphi labor strike

17.05.2006 09:40 - source: CNNMoney.com

CHICAGO (Reuters) - The United Auto Workers Tuesday said its U.S. hourly workers have voted overwhelmingly to authorize a strike if bankrupt auto parts maker Delphi tosses out its labor contracts as part of its reorganization.Over 95 percent of votes cast authorized the UAW to call a Read more…


Applied Materials earnings jolted higher

17.05.2006 09:40 - source: CNNMoney.com

SAN FRANCISCO (Reuters) - Applied Materials Inc. posted a higher quarterly profit Tuesday as the world's top supplier of equipment for making microchips saw revenue jump by one-fifth amid growing demand for consumer electronics.The Santa Clara, Calif.-based company also said it expected Read more…


Core PPI lower than expected

17.05.2006 09:40 - source: CNNMoney.com

WASHINGTON (Reuters) - A big rise in energy costs pushed U.S. producer prices up a sharp 0.9 percent last month, but prices outside the volatile food and energy areas rose a slimmer-than-expected 0.1 percent, a government report showed on Tuesday.The April gain in the overall producer Read more…


Record labels file suit against XM

17.05.2006 09:40 - source: CNNMoney.com

LOS ANGELES (Reuters) - The world's major record companies on Tuesday filed a lawsuit against satellite provider XM Satellite Radio Holdings Inc., alleging its new Inno portable device which can store music infringes on their copyrights.A spokesman for the Recording Industry Association Read more…


Bernanke resists more hedge fund regulation

17.05.2006 09:40 - source: CNNMoney.com

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said Tuesday stiffer hedge fund regulation could make financial markets less stable, as he backed the current focus on ensuring hedge fund trading partners manage their risks well.In his first comments on the subject since Read more…


Xstrata ups ante in battle for Falconbridge

17.05.2006 09:40 - source: CNNMoney.com

LONDON (Reuters) - Diversified miner Xstrata made a counterbid for Canada's Falconbridge on Wednesday with a cash offer valuing the nickel miner at $17.9 billion, trumping a bid by Canadian Inco.Mining shares, including Xstrata, surged following the news and as commodity markets Read more…


'Phantom' video game CEO charged with pump and dump scheme

17.05.2006 09:41 - source: CNNMoney.com

NEW YORK (CNNMoney.com) - The former CEO of a Seattle-based video game company has been charged with artificially inflating his company's stock price while he sold personal shares, commonly referred to as a pump and dump scheme.The Securities and Exchange Commission on Tuesday accused Read more…


Verizon denies giving out phone info

17.05.2006 09:41 - source: CNNMoney.com

NEW YORK (CNNMoney.com) - Verizon Communications Inc. denied earlier media reports that it entered into a contract with the National Security Agency, providing the government office with info about its customer phone calls."One of the most glaring and repeated falsehoods in the media Read more…


Gold jumps 2.7% returns to $700 level

17.05.2006 09:41 - source: CNNMoney.com

SINGAPORE (Reuters) - Gold reversed early losses and rose more than 2 percent to above $700 an ounce on Wednesday as Japanese futures rebounded after falling by the 60-yen daily limit the previous day.Other precious metals also gained, with platinum boosted by record-high platinum futures Read more…