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Exclusive: Former RIM boss sought strategy shift before he quit

TORONTO (Reuters) - Former Research In Motion co-chief executive Jim Balsillie sought to reinvent the BlackBerry smartphone maker with a radical shift in strategy before he stepped down, two sources...

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Goldman Sachs CEO gets $16.2 million pay package

(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share price during the year,...

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Obama likely paid higher tax rate than Romney in 2011

WASHINGTON (Reuters) - President Barack Obama released tax forms on Friday that reveal he will probably pay a higher tax rate on much lower income than likely Republican opponent Mitt Romney in 2011,...

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Ocampo ends World Bank bid, backs Nigerian

WASHINGTON/BRASILIA (Reuters) - Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to...

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Tornado hits Oklahoma, more expected this weekend

CHICAGO (Reuters) - Forecasters are warning of a major tornado outbreak in Kansas and Oklahoma this weekend, and Oklahoma got a first taste of it on Friday as a twister touched down near the National...

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IMF funds drive caught in global power shift

WASHINGTON (Reuters) - Tensions among some of the world's leading economies have boiled up over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis,...

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Flyers take control with 8-5 win over Penguins

Jaromir Jagr rubbed the stubble on his still-developing playoff beard and mulled the question.

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China gives currency more freedom with new reform

BEIJING (Reuters) - China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that...

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Jolie-Pitt engagement certain to fuel media frenzy

Wills and Kate were just the warm up for the true wedding of the century.

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New NKorean leader emphasizes 'military first'

Hours after a failed rocket launch criticized abroad as a covert test of missile technology, North Korea's new leader underlined the country's "military first" policy with a budget that allocates a...

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Syrian forces shell Homs on third day of truce

BEIRUT (Reuters) - Forces loyal to President Bashar al-Assad shelled the battered Syrian city of Homs on Saturday, killing one person, opposition activists said, in the first such shelling since a...

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Activists: Shelling in central Syrian city kills 1

Syrian troops fired shells into rebel-held neighborhoods in the central city of Homs on Saturday killing at least one person, activists said. It was the first reported death from alleged government...

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World powers seek to ease nuclear deadlock with Iran

ISTANBUL (Reuters) - Iran and six world powers began rare talks on Saturday to try to halt a downward diplomatic spiral over Tehran's nuclear program and ease fears of a new Middle East war. The talks,...

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Reports: Robin Gibb gravely ill in hospital

Former Bee Gee Robin Gibb is gravely ill with pneumonia in a London hospital, British media reported Saturday.

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Norway massacre survivors brace for killer's trial

When Per Anders Langeroed heard about the bomb explosion in downtown Oslo, he wrote reassuringly to his Facebook friends that he was "safe on Utoya."

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Diplomats: Iran nuke talks show progress

Nuclear negotiators for Iran and six world powers were making encouraging progress in bridging differences that have doomed previous meetings meant to reduce fears over Tehran's atomic program,...

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Misconduct alleged against Secret Service agents

Alleged misconduct by a dozen Secret Service agents sent to provide security for President Barack Obama in Colombia threatened to overshadow his diplomatic mission to Latin America.

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Events around the world mark Titanic centenary

From Titanic's birthplace in a Belfast shipyard to its resting place in the North Atlantic, thousands were gathering Saturday to remember the cruise ship that embarked on its maiden voyage as an icon...

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'Life-threatening' storms feared for Midwest

Tornado sirens sounded across Oklahoma City early Saturday as the nation's midsection braced for what forecasters cautioned could be a day of "life-threatening" storms, with the most dangerous weather...

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U.S. watches for North Korea's next move after rocket crash

WASHINGTON (Reuters) - The United States kept a wary eye on North Korea after the reclusive state's unsuccessful launch of a long-range rocket and President Barack Obama said on Friday Pyongyang faced...

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