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Sears Holdings returns to a profit in 1st quarter

Business News Headlines - Yahoo! News — Thu, 17 May 2012 10:21:02 +0000

Sears Holdings Corp. returned to a first-quarter profit, benefiting from a gain on the sale of some stores.

Suspected U.S. drone kills three Yemen militants: official

Politics News Headlines - Yahoo! News — Thu, 17 May 2012 10:20:00 +0000

ADEN (Reuters) - A suspected U.S. drone attacked a convoy of Islamist militants in eastern Yemen overnight, killing three people, a local security official said on Thursday, as Washington intensifies its aerial campaign against fighters linked to al Qaeda. The official said the rocket hit the convoy in the Shibam area of the eastern Hadramout province and there was a series of explosions from a vehicle believed to be laden with explosives. Residents of the area told Reuters its three passengers were members of a militant cell. The accounts could not be independently verified. ...

Ahead of the Bell: US Unemployment Benefits

Business News Headlines - Yahoo! News — Thu, 17 May 2012 10:17:53 +0000

The number of people applying for U.S. unemployment benefits likely ticked down last week, staying near a level that is consistent with modest job gains.

Three Turkish soldiers killed in PKK clash

Politics News Headlines - Yahoo! News — Thu, 17 May 2012 10:16:36 +0000

ISTANBUL (Reuters) - Three Turkish soldiers were killed in clashes with Kurdish rebels near the Syrian border in southern Turkey on Thursday, the provincial governor's office said. Separately, a provincial leader of Prime Minister Tayyip Erdogan's ruling AK Party was shot dead late on Wednesday outside his home in Sirnak, near the frontier with Iraq, an official in the governor's office told Reuters. ...

Spain’s Bankia shares fall 26 percent

Stock Markets News Headlines - Yahoo! News — Thu, 17 May 2012 10:16:20 +0000

MADRID (Reuters) - Shares in troubled Spanish lender Bankia fell a further 26 percent on Thursday, compounding a week of heavy losses that has seen the stock lose around two thirds of its value from a July stock listing. The Spanish stock market regulator classed the shares "under auction" -- a procedure that kicks in when there is a particularly large order to buy or sell a stock and big mismatches betweeen bids and offers. (Reporting By Sonya Dowsett; Editing by Tracy Rucinski)

Myanmar hopes for U.S. sanctions move to boost economy

Politics News Headlines - Yahoo! News — Thu, 17 May 2012 10:14:56 +0000

NAYPYITAW, Myanmar (Reuters) - A further lifting of U.S. sanctions on Myanmar, which could come during a visit by officials to Washington this week, would be crucial to opening its long-isolated economy, a senior Myanmar government official said. Foreign Minister Wunna Maung Lwin meets U.S. officials on Thursday, stoking expectation the United States might announce a further lifting or suspension of sanctions, including investment restrictions, on the country that is also known as Burma. It is the first official visit by a Myanmar minister to the United States in decades. ...

Judge postpones evidence in Mladic trial

Yahoo! News - Top Stories — Thu, 17 May 2012 10:14:29 +0000

The presiding judge in the U.N. trial of Gen. Ratko Mladic has delayed indefinitely the presentation of evidence that had been scheduled to start later this month due to "errors" by prosecutors in disclosing evidence to defense lawyers.

Spanish recession bites, may be prolonged

Business News Headlines - Yahoo! News — Thu, 17 May 2012 10:11:55 +0000

MADRID (Reuters) - Spain officially slipped in to recession in the first quarter, final figures confirmed on Thursday, leaving the country threatened with a prolonged slump as the turmoil-wracked euro zone struggles to balance austerity with growth. In the first quarter, the economy shrank 0.3 percent in the compared with the last quarter of 2011, and was down 0.4 percent year on year, the National Statistics Institute said on Thursday, its sharpest annual fall since the first quarter of 2010. ...

UK envoy hopes Saudi woman will compete at Olympics

Politics News Headlines - Yahoo! News — Thu, 17 May 2012 10:11:07 +0000

RIYADH (Reuters) - Britain's envoy to Saudi Arabia said he had spoken to state officials about the possibility of a Saudi woman competing in the Olympics for the first time in London this summer and hoped it would happen though Riyadh's official team will be all-male.

UK envoy hopes Saudi woman will compete at Olympics

Politics News Headlines - Yahoo! News — Thu, 17 May 2012 10:11:07 +0000