Archive for May 18th, 2013

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

May 18, 2013
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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.
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Investigators seek cause of commuter train crash

May 18, 2013
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By Karen Brooks (Reuters) – Federal investigators on Saturday searched for the cause of a rush-hour train crash in Connecticut that injured dozens of people commuting home from New York City, three of them critically.
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Powerball jackpot could go higher than $600M

May 18, 2013
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By Karen Brooks AUSTIN, Texas (Reuters) – The Powerball jackpot Saturday night could be even higher than the record $600 million being advertised, possibly rivaling the largest lottery jackpot in U.S. history, a Texas Lottery official said on Saturday.
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Powerball jackpot closing in on another record

May 18, 2013
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DES MOINES, Iowa (AP) — 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.
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Probe begins after commuter trains crash

May 18, 2013
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FAIRFIELD, Conn. (AP) — Officials are describing a devastating scene of shattered cars and other damage where two trains packed with rush-hour commuters collided in Connecticut. They say it’s fortunate no one was killed.
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French probe finds LVMH built up Hermes stake in secret-paper

May 18, 2013
By

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.
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Markets Weekahead – Sensex risks consolidation; SBI earnings

May 18, 2013
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Reuters Market Eye – The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday.
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Obama aims to cut Afghan war spending by 10 percent

May 18, 2013
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By Mark Felsenthal WASHINGTON (Reuters) – President Barack Obama on Friday trimmed his funding request for the war in Afghanistan and other overseas operations by 10 percent, reflecting his plans to wind down the U.S. presence in that country.
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Probe begins after Conn. commuter trains crash

May 18, 2013
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FAIRFIELD, Conn. (AP) — Two commuter trains packed with rush-hour commuters collided in an accident that sent more than 60 people to the hospital, severely damaged the tracks and threatened to snarl travel in the congested Northeast Corridor.
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Wall Street Week Ahead: Correction talk gets old as rally sails along

May 18, 2013
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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.
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