Wall Street flat after Facebook IPO fizzles NEW YORK (Reuters) - Stocks were little changed on Friday, reversing earlier gains after Facebook Inc stumbled in its market debut after a delayed opening.
Facebook's debut is modest, high volumes cause problems SAN FRANCISCO (Reuters) - Facebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.
Banks' rising bad loans add to Spanish troubles MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector.
Investor group seeks JPMorgan governance changes NEW YORK, May 18 (Thomson Reuters Accelus) - A labor-backed investor group critical of JPMorgan Chase & Co's corporate governance said the bank has failed to address concerns over its risk oversight and it will try to rally other shareholders for changes after a $2 billion trading loss.
Europe thinks the unthinkable on Greece BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities.
Wall Street banks facing second-quarter slowdown: analyst (Reuters) - Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday.
Kraft lowers Maxwell House coffee prices in U.S (Reuters) - Kraft Foods said on Friday it lowered prices on many of its U.S. coffees, including its flagship brand Maxwell House and some of its instant coffees, citing lower green coffee costs since prices peaked last year.
China cries foul after U.S. sets tariffs on solar imports (Reuters) - The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world's two biggest economies and sparking accusations by Beijing of protectionism.
BMW eyes new production sites abroad: source MUNICH (Reuters) - Premium carmaker BMW is considering new production sites around the world, with one option being Mexico, a person familiar with the situation told Reuters on Friday.
Facebook's debut is modest, high volumes cause problems SAN FRANCISCO (Reuters) - Facebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.
Exclusive: Did White House "spin" tip a covert op? WASHINGTON (Reuters) - White House efforts to soft-pedal the danger from a new "underwear bomb" plot emanating from Yemen may have inadvertently broken the news they needed most to contain.
G8 leaders look to head off euro zone crisis WASHINGTON (Reuters) - Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency.
Europe thinks the unthinkable on Greece BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities.
Iran may seek "tactical gain" with U.N. nuclear deal VIENNA (Reuters) - Iran and the U.N. nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers.
Poll shows Greece electing pro-bailout government ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro.
Police detain 400 "Blockupy" activists in Frankfurt FRANKFURT (Reuters) - German police said they detained 400 anti-capitalist protesters in Frankfurt on Friday for defying a ban on demonstrations against austerity policies implemented to tackle the intensifying euro zone debt crisis.
Banks' rising bad loans add to Spanish troubles MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector.
Syria forces kill two in Damascus as thousands rally BEIRUT (Reuters) - Forces loyal to Syrian President Bashar al-Assad shot two protesters in the capital Damascus on Friday and fired in the air to break up thousands of anti-government demonstrators in the commercial hub of Aleppo, activists said.
U.S. firms eye Myanmar as sanctions suspended WASHINGTON/HONG KONG (Reuters) - The suspension of U.S. sanctions barring investment in Myanmar in response to political reforms in the poor Southeast Asian state opens the door to U.S. firms queuing to scout for business in one of the last frontier markets.
G8 leaders look to head off euro zone crisis WASHINGTON (Reuters) - Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency.
Iran may seek "tactical gain" with U.N. nuclear deal VIENNA (Reuters) - Iran and the U.N. nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers.
Banks' rising bad loans add to Spanish troubles MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector.
Syria forces kill two in Damascus as thousands rally BEIRUT (Reuters) - Forces loyal to Syrian President Bashar al-Assad shot two protesters in the capital Damascus on Friday and fired in the air to break up thousands of anti-government demonstrators in the commercial hub of Aleppo, activists said.
Poll shows Greece electing pro-bailout government ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro.
Chinese entities world's biggest economic spies-Pentagon WASHINGTON (Reuters) - The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage.
Police detain 400 "Blockupy" activists in Frankfurt FRANKFURT (Reuters) - German police said they detained 400 anti-capitalist protesters in Frankfurt on Friday for defying a ban on demonstrations against austerity policies implemented to tackle the intensifying euro zone debt crisis.
Putin seeking control in Russian cabinet selection MOSCOW (Reuters) - President Vladimir Putin will likely name allies to key economic posts when he unveils his new cabinet on Monday, asserting control over the government in a move that could hamstring reforms backed by his more liberal premier.
Venezuela's Chavez unseen for week but follows riot CARACAS (Reuters) - Venezuela's President Hugo Chavez has not been seen or heard in public since returning a week ago from his latest cancer treatment in Cuba but was well enough to monitor a jail riot in Caracas, an ally said on Friday.
Thousands protest in Bahrain against Gulf union plan MANAMA (Reuters) - Tens of thousands of mainly Shi'ite protesters rallied in Bahrain on Friday against proposals for closer ties with other Gulf Arab countries, a plan pushed by Saudi Arabia to contain dissent in Bahrain and counter Iran's regional influence.
Stream of Thoughts Facebook is getting the headlines, but don't forget about that other wildly popular social network, Twitter. Follow what Twitter users are saying about Facebook's initial public offering.
Business Day Live: The Facebook Hype An interview with David Kirkpatrick, author of "The Facebook Effect." | Why initial public offerings catch the public imagination. | James B. Stewart takes a critical eye to the hype.
Before Lender's Bankruptcy, Buffett Made a Bid Warren E. Buffett made an unsuccessful play for Residential Capital before the mortgage lender filed for bankruptcy this week, according to Bloomberg.
Live Blog: Facebook's Market Debut Shares of Facebook are now trading on the Nasdaq market, the third largest initial public offering in United States history. DealBook's live blog will be tracking all of the reactions to the I.P.O. throughout the day.
Graff Diamonds Said to Move Closer to $1 Billion I.P.O. in Hong Kong By choosing Hong Kong for its initial public offering, the British diamond retailer, which has more than 30 stores around the world, is positioning itself near to its most important future growth market: China.
Britain Faces $3.2 Billion Loss from Northern Rock Sale While the British government is expected to recoup the £37 billion it injected into Northern Rock, the loss would result from the discounted loans the government handed to the lender, the National Audit Office says.
Moody's Downgrades Spanish Banking Sector Spanish banks have been unable to tap into capital markets and have been forced to rely on cheap, three-year financing provided by the European Central Bank. The sector's borrowing capacity suffered a further blow late on Thursday when the ratings agency Moody's downgraded 16 Spanish banks, including Banco Santander, Raphael Minder reports in The New York Times.
Kleiner Perkins Closes 15th Fund at $525 Million Kleiner Perkins Caufield & Byers, one of the old-line giants of the venture capital industry, has closed its 15th traditional fund at $525 million, the firm announced late on Thursday.
Facebook Raises $16 Billion in I.P.O. The initial public offering, priced at $38 a share, values Facebook at $104 billion, putting the social networking company on par with McDonald's, Citigroup and Amazon.com.
Facebook's Missing Risk Factor Facebook arguably left one risk factor out. So DealBook submits the necessary passage, free of any legal fees.
Back to the Future: The Netscape and Google I.P.O.'s While Facebook may be the biggest I.P.O. to come out of Silicon Valley by far, history will judge it as less creative than the Google offering in 2004, and certainly less world-shaking than when Netscape first sold its shares in 1995, writes David Streitfeld in the Bits blog of The New York Times.
Dimon to Appear Before Senate Panel Jamie Dimon, the chief executive of JPMorgan Chase, will appear before a Senate Banking Committee hearing that will look at the bank's surprise trading loss.
Building the Next Facebook a Tough Task in Europe Unlike in the United States, where promising Internet startups can expect venture capitalists to come calling early, entrepreneurs in Europe face a shortage of financing.
DealBook: Long Odds on a Big Facebook Payday If history offers any lesson, average investors may find they face steep odds if they hope to make big money in a much-hyped stock like Facebook.
Spain Tries to Calm Fears About Ailing Lender A week after Spain seized control of Bankia, the government was forced to deny that clients were scrambling to withdraw funds from the lender.
?Princelings? in China Use Family Ties to Gain Riches The authorities are eager to paint the fallen official Bo Xilai, whose family has a substantial fortune, as a rogue operator. But other officials? relatives have also amassed vast wealth.
Wal-Mart Concedes Bribery Case May Widen The scope of an investigation into foreign bribery issues seemed to have widened at the retailer, which reported higher-than-expected first-quarter earnings.
Iran Oil Production Drop Seen A 12 percent decline in the first three months of the year is at odds with Iran?s assessment that there has been no significant change in output over the past year.
DealBook: Ackman Wins Proxy Fight at Canadian Pacific Before the company's annual meeting, Canadian Pacific announced that its president and chief executive, Fred Green, was stepping down and that its chairman and five other directors including Mr. Green would not stand for re-election.
DealBook: Names on the Witness List for Gupta?s Trial Possible witnesses who could be called to testify include Lloyd C. Blankfein, Goldman?s chief executive, and A.G. Lafley, the former chief executive of Procter & Gamble.
In Spain, Jobless Find a Refuge Off the Books As the recession deepens, more workers are getting by on the black-market economy that amounts to as much as a fifth of the country?s gross domestic product.
Economy Grows Faster Than Expected in Japan The strong showing was the third consecutive quarter of growth for the nation and eclipsed the annualized 2.2 percent growth posted by the United States in the first quarter.
DealBook: Facebook Shares Open Trading With Modest Gains After a gain of more than 10 percent at the start, the stock drifted back to the offering price, then rose again. DealBook?s live blog is tracking reactions to the I.P.O. throughout the day.
DealBook: Long Odds on a Big Facebook Payday If history offers any lesson, average investors may find they face steep odds if they hope to make big money in a much-hyped stock like Facebook.
Building the Next Facebook a Tough Task in Europe Unlike in the United States, where promising Internet startups can expect venture capitalists to come calling early, entrepreneurs in Europe face a shortage of financing.
Hewlett-Packard to Cut About 30,000 Jobs The tech giant will refocus on product development and sales, executives say, and operations in China will most likely be spared.
DealBook: Pinterest Raises $100 Million Pinterest, which allows users to share photographs, recipes and other media on custom "pinboards," raised $100 million in a funding round led by the Japanese e-commerce company Rakuten.
Paralyzed, Moving a Robot With Their Minds Scientists said a tiny brain implant allowed two people who are virtually paralyzed below the neck to manipulate a robotic arm.
Bits Blog: In TV Race, Microsoft Has Lead, Forrester Says When it comes to the underlying technology providers that matter for mobile app developers, there's Google and Apple, with Microsoft as an also-ran. But as television begins to resemble the mobile business, Microsoft is in the lead with the Xbox, according to a new report out Wednesday from Forrester Research.
A Russian Facebook Bet Pays Off Big Alisher B. Usmanov?s investments in the social media giant could be worth at least $6 billion when the company goes public.
Chairman of Best Buy, Richard Schulze, to Step Down The company?s audit committee said Richard Schulze, also the chain?s founder, failed to report an inappropriate relationship between the former chief executive and an employee.
Video Game Review: Max Payne 3 From Rockstar Games The newest version of this video game, by Rockstar, is set in Brazil, with the title character working as a bodyguard.The video game Max Payne 3 follows the former cop in his job as a bodyguard in Brazil.
A Computer User?s Guide to Cloud Storage Cloud storage, now offered by a number of companies in different price ranges, offers a substitute for physical storage, with the additional ability to synchronize across multiple devices.
Gadgetwise Blog: App Smart Extra: Don't Let Me Squint Too Long "George Harrison: Living in the Material World," the new e-book by Olivia Harrison, has generated good reviews from iTunes users, and the content is excellent. Whether it's worth downloading, though, depends on your tolerance for tiny text.
Facebook shares spike on debut Facebook shares are trading flat at $38 on their stock market debut, having initially jumped to $42 within minutes of trade beginning.
Merkel 'suggests Greek euro vote' German leader Angela Merkel suggests Greece could hold a referendum on the euro alongside national elections next month, Greek officials say.
Market jitters over eurozone woes European markets suffer a nervous session with investors unsettled by a downgrade for Spanish banks and the political crisis in Greece.
Yahoo jumps on Alibaba deal talk Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
JP Morgan boss to testify in US JP Morgan chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy.
China property prices fall again Chinese property prices continued to fall during April after the government kept policies in place to curb speculation.
EU 'plans for Greek exit option' The EU Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.
US puts tariffs on Chinese panels The US says it will impose import tariffs of about 30% on Chinese solar companies, saying China is flooding it with subsidised products.
LSE reveals strong profits rise The London Stock Exchange bucks the economic turmoil to deliver a better-than-expected rise in annual profit.
China raises rare earth exports China, the world's biggest producer of rare earths, will allow more companies to export it, after they met environment standards.
Pinterest to get $100m investment Social networking service Pinterest is to receive $100m in funding, prompting analysts to value the two-year-old firm at up to $1.5bn.
Jobs boost as UK gets Astra deal Vauxhall's Ellesmere Port car plant will build a new Astra car in a deal that means huge investment and the creation and support of thousands of jobs.
Buffett in newspaper investment Berkshire Hathaway, the holding company of legendary investor Warren Buffett, invests in 63 local newspapers in the south-eastern US.
France questions EU fiscal pact France's new finance minister reiterates that the country's new socialist government will not ratify the European Union's fiscal pact.
China Mobile in talks with Apple China Mobile, the main mobile service provider in China and the largest in the world by users, could soon offer its customers Apple's iPhone.
US April retail sales in slowdown US retail sales barely grew in April, rising 0.1% compared with a gain of 0.7% the month before, while consumer prices stayed unchanged.
Colombia-US trade pact in force A free trade agreement between the US and Colombia takes effect five years after being signed, with Colombian flowers the first goods to be sent.
Best Buy loses second top boss The founder of US electronics retailer Best Buy is leaving after it was found he knew the chief executive was having an affair but did not disclose it.
Moody's downgrades Spanish banks Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.
Spain's cost of borrowing jumps The cost of borrowing on the international money markets rise sharply for Spain as investors fear further financial turmoil in Europe.
Facebook shares spike on debut Facebook shares are trading flat at $38 on their stock market debut, having initially jumped to $42 within minutes of trade beginning.
Merkel 'suggests Greek euro vote' German leader Angela Merkel suggests Greece could hold a referendum on the euro alongside national elections next month, Greek officials say.
Inside world's ?priciest house? The first pictures are released showing inside the "world's most expensive house", owned by the Ambani family in Mumbai.
World royals mark Diamond Jubilee More than 20 monarchs gather to celebrate the Queen's Diamond Jubilee, with protests over the inclusion of the controversial heads of Bahrain and Swaziland.
Syria protests 'grip Aleppo city' Syrian activists report thousands at protests in the city of Aleppo, which has so far largely stayed loyal to the president since the uprising began.
UN nuclear chief to visit Iran The head of the UN nuclear watchdog will travel to Iran on Sunday to "discuss issues of mutual interest".
Protesters angered by Gulf union Thousands of Bahrainis protest outside the capital against a plan to create a union of Gulf Arab countries, with similar demonstrations in Tehran and Dubai.
Market jitters over eurozone woes European markets suffer a nervous session with investors unsettled by a downgrade for Spanish banks and the political crisis in Greece.
Malawi 'to overturn ban on gays' President Joyce Banda says she wants Malawi to overturn its ban on homosexual acts - the first African country to do so since 1994.
ANC to sue over painting of Zuma A painting showing President Jacob Zuma with his genitals hanging out sparks the anger of South Africa's ANC, which says it will go to court.
Silicon trick for next-gen memory Researchers reveal details of a promising way to make a fundamentally different kind of computer memory chip.
Baritone Fischer-Dieskau dies The German baritone Dietrich Fischer-Dieskau, famed for his performances of songs by composers like Schubert and Mahler, dies at the age of 86.
VIDEO: Sacha Baron Cohen as himself Sacha Baron Cohen steps out of character to give a rare interview as himself, but admits it is 'probably a mistake'.
VIDEO: Afghan concern over Nato withdrawal As NATO leaders prepare to discuss the future of Afghan security, some experts warn that the conflict in Afghanistan may still continue for some time.
VIDEO: One-minute World News Watch the latest news summary from BBC World News. International news updated 24 hours a day.
VIDEO: China activist's family claim torture Relatives of the blind Chinese activist, Chen Guangcheng, have given detailed accounts of the torture and retribution they have allegedly suffered at the hands of Chinese authorities.
VIDEO: From prison to Belfast distillery A notorious Belfast prison that held IRA inmates during the worst of the city's sectarian troubles is to be transformed into a whiskey distillery.
Met Police to extract phone data Mobile phone data of suspects in police custody is to be extracted and retained, regardless of whether charges are brought, the BBC has learned.
Facebook shares spike on debut Facebook shares are trading flat at $38 on their stock market debut, having initially jumped to $42 within minutes of trade beginning.
Silicon trick for next-gen memory Researchers reveal details of a promising way to make a fundamentally different kind of computer memory chip.
Twitter backs web privacy effort Micro-blogging service Twitter will support an initiative that lets people browse the web without being monitored.
Anonymous attacks Indian websites Hacker group Anonymous has carried out a series of attacks against government and political websites in India.
Government to miss cookie cut-off Most government websites will miss the UK's deadline for complying with EU regulations over cookies, the Cabinet Office tells the BBC.
China Mobile in talks with Apple China Mobile, the main mobile service provider in China and the largest in the world by users, could soon offer its customers Apple's iPhone.
Government may miss cloud targets The Government may miss its cloud computing targets because of a lack of enthusiasm from public sector IT staff, a report suggests.
Japan launches S Korea satellite Japan completes its first successful commercial launch of a foreign-made satellite early on Friday, marking its entry into the launch business.
Privacy watchdog to meet Google The French privacy watchdog, acting on behalf of the EU, is to meet Google to scrutinise its controversial privacy policy changes.
Google makes search 'more human' Google revamps its search engine in an attempt to offer instant answers to search questions with a new function, the Knowledge Graph.
Virgin Atlantic allows air calls Passengers flying Virgin Atlantic from London to New York will soon be able to make in-flight phone calls using personal devices.
Jury out in Google Oracle dispute A jury has retired to consider claims that Google wilfully infringed patents belonging to Java developer Oracle.
Prosthetic retina in development Scottish scientists are working on a device to restore sight in people with a form of age related blindness.
Iran 'to sue Google' over Gulf Google is facing legal action for not labelling the body of water separating Iran and neighbouring Arab Gulf states on its map service.
Enough on Facebook! Buy Google or Apple Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't be.
Facebook: 70 mutual funds already have a stake Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets.
Facebook IPO trading opens at $42 Facebook's stock market debut is finally here -- but for all the breathless hype, shares stayed fairly stable, trading Friday morning right around their IPO price.
Stocks: Global fear trumps Facebook debut U.S. investors resumed focus on the global issues plaguing world markets Friday, following a brief euphoric pop from Facebook's debut.
Europe fears pressure world markets European and Asian markets closed lower on Friday amid anxiety about Spanish and Greek banks and worries of a further slowdown in China.
'I have an airplane hangar in my front yard' Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane.
Stocks: Facebook IPO vs. Europe worries U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.
Save on health care, even as your body falls apart You managed to glide through your twenties and thirties without any major health issues. Yet, as the calendar pages turn, you're finding that a host of minor -- and perhaps a few major -- medical problems keep cropping up. The doctor shakes her head when she sees your blood pressure and cholesterol numbers.
Vacation? No thanks, boss Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don't seem to mind.
Moody's downgrades Spanish banks Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe.
Facebook's IPO price: $38 per share After four months of paperwork, hype and speculation, the last piece of the Facebook IPO is in place: Facebook said it has priced its IPO at $38 a share.
U.S. slams Chinese solar panels with new tariffs The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.
JPMorgan's Dimon to testify in Senate JPMorgan head Jamie Dimon will appear before a Senate committee to testify about the bank's recent $2 billion trading loss, which has spurred renewed debate about financial reform since being revealed last week.
Hugo Chávez's Enemy No. 1 For the first time, Venezuela's president has a real rival. And as Henrique Capriles grows more popular, the tension—and danger—mount
Nine Things You Should Know About Facebook's IPO Before diverting your child's college savings fund to invest in Facebook stock, read our take on the biggest "liquidity event" of the social-media era
Unlocking the Crude Oil Bottleneck at Cushing This week the Seaway pipeline will start sending oil from Cushing, Okla., to the Texas Gulf Coast. How will that impact the price of oil?
How Mark Zuckerberg Hacked the Valley On the eve of Facebook's IPO, a look at the daring decisions that took the social network's price tag from $1 billion to about 100 times as much
Walking Shoes That Spy on Grandma Two small U.S. companies recently launched a line of footwear that uses a GPS device embedded in the heel to track seniors
Are You Buying a Job or a Profitable Business? Find out if the owner was compensated and what's prompting her to sell. Then get an accountant to help you go through the company's books
Integrated Marketing: If You Knew It, You'd Do It The glut of places to advertise makes it easy to confuse customers with contradictory messages. Execute a strategy that integrates all your efforts
I.A.E.A. Director General to Visit Tehran The unexpected announcement suggested that both the I.A.E.A. and Iran had accelerated the urgency of resolving their dispute over I.A.E.A. requests for access to a restricted Iranian military site.
?Princelings? in China Use Family Ties to Gain Riches The authorities are eager to paint the fallen official Bo Xilai, whose family has a substantial fortune, as a rogue operator. But other officials? relatives have also amassed vast wealth.
Dietrich Fischer-Dieskau, German Baritone, Dies at 86 Mr. Fischer-Dieskau made hundreds of recordings, setting the modern standard for performances of lieder, and was called ?one of the most remarkable voices in history.?
Pentagon Study Says China Military Getting Stronger The annual appraisal of China?s military modernization also suggests Beijing leaders want to project power while avoiding confrontation with neighbors and the United States.
New Details Are Released in Shooting of Trayvon Martin Documents made public by the special prosecutor in the Florida case describe an attempt to revive the 17-year-old victim and injuries to George Zimmerman, the gunman.
Hewlett-Packard to Cut About 30,000 Jobs The tech giant will refocus on product development and sales, executives say, and operations in China will most likely be spared.
