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US Airways plane makes unusual belly landing at Newark airport

By David Jones NEWARK, New Jersey (Reuters) - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane's landing gear failed to deploy, but no one was injured, airline and government officials said. Piedmont Airlines flight 4560, operating for US Airways from Philadelphia with 34 passengers and three crew members, landed safely at 1 a.m., and passengers were evacuated on the tarmac and transported to the terminal, a Federal Aviation Administration spokeswoman said in an email. ...

Union leads march in Rome calling for job creation

ROME (AP) — A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.

Switzerland close to deal in U.S. tax dispute: finance minister

Finance Minister Widmer-Schlumpf gestures during a news conference on the business tax reform III in Bern ZURICH (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday. "We hope that we will shortly be at the finishing line," Eveline Widmer-Schlumpf told Swiss radio in an interview. "The banks won't get it for nothing." Widmer-Schlumpf declined to say how high fines might be, but added: "It is clear that it will not be a pleasant solution. ...


Politics, bribery charges swirl around Ugandan oil

FILE--In this 2010 file photo, an oil well undergoes testing in the Lake Albertine region of western Uganda. Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners. (AP Photo/Monitor Publications Ltd, File) KAMPALA, Uganda (AP) — Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners.


New Xbox more than a game console for Microsoft

Visitors play with Microsoft's Xbox 360 consoles at the Tokyo Game Show in Chiba By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market. ...


Google's wearable Glass gadget: cool or creepy?

File photo of Google founder Sergey Brin posing for a portrait wearing Google Glass during New York Fashion Week By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference. Missing from the agenda, however, was a session on etiquette when using the recording-capable gadget, which some attendees faithfully wore everywhere - including to the crowded bathrooms. Google Glass, a cross between a mobile computer and eyeglasses that can both record video and surf the Internet, is now available to a select few but is already among the year's most buzz-worthy new gadgets. ...


LATAM Airlines to resume Argentina flights later Saturday

SANTIAGO (Reuters) - LATAM Airlines Group SA said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the carrier. Argentine state company Intercargo manages services for the loading and unloading of luggage on airplanes, the transportation of passengers on buses to terminals, and provides the jet bridge services that connect aircraft to the airport, allowing passengers to embark and disembark. ...

Bernanke upbeat on innovation outlook in commencement address

U.S. Federal Reserve Chairman Bernanke attends the G20 finance ministers meeting during the Spring Meeting of the IMF and World Bank in Washington WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home. Bernanke made no reference to monetary policy or the immediate outlook for the U.S. economy in prepared remarks to graduates of Bard College at Simon's Rock, Massachusetts. But the die-hard baseball fan did manage to work in a reference to one of the sport's greats. ...


Alpine in talks with FCC on financing: CEO

VIENNA (Reuters) - Alpine, the Austrian unit of Spanish construction group FCC , will hold talks with its owners on how to meet its financing needs and has many options open, Chief Executive Arnold Schiefer said. He was responding to a newspaper report that FCC was worried about Alpine's finances and that Austria's second-biggest construction group had to come up with another 150 million euros ($192 million) this year despite reaching a deal with creditors in March. Alpine lost 450 million euros in 2012 as it began to exit unprofitable projects abroad. ...

Wall Street Week Ahead: Correction talk gets old as rally sails along

Traders wait for Tableau Software Inc. to begin trading on the floor of the New York Stock Exchange 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. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the S&P 500 is up 4.4 percent so far this month and up nearly 17 percent for the year. But as the three major U.S. stock indexes inch higher and higher to set record after record, many analysts are shrugging off the pullback worries. ...


China April housing inflation quickens to two year high

A salesperson talks to a customer behind models of a residential compound at a real estate exhibition in Wuxi By Xiaoyi Shao and Michael Martina BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion. Average new home prices rose 4.9 percent last month from a year ago, after a year-on-year increase of 3.6 percent in March, according to Reuters calculations from data released by the National Bureau of Statistics(NBS) on Saturday. The rise was the sharpest since April 2011. ...


Exclusive: EU cites Chinese telecoms Huawei and ZTE for trade violations

EU Trade Commissioner Karel de Gucht stands for a portrait while visiting Reuters in New York By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a "strategic" sector of Europe's economy. ...


Glance: Europe's Key Institutions

Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved.

Top officials call to overhaul euro institutions

FILE - In this Thursday, March 28, 2013 file photo, people wait outside a branch of Laiki Bank in Nicosia. Engineering a financial bailout for Cyprus in March 2013 was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis _ and who should be involved. Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed as a key decision-making partner. And they say that the eurozone would be able to make decisions and take action more quickly if it wasn't bound by the need for unanimous agreement among its 17 member countries. (AP Photo/Petros Giannakouris, File) BERLIN (AP) — Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved.


Report: Yahoo nearing $1.1B acquisition of Tumblr

NEW YORK (AP) — Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.

Caribbean talks conservation on Branson's island

A statue decorates the pool area of Richard Branson's property on Necker Island in the British Virgin Islands, Friday, May 17, 2013. Political and business leaders gathered here Friday to back an initiative aimed at expanding protection for the Caribbean's imperiled coasts and waters. Delegations from the participating governments signed a communique pledging to establish a framework for a regional approach to coastal conservation, including “increasing considerably the number of marine protected areas.” They also said they recognized an urgent need to protect sharks and rays, and vowed a “dramatic acceleration in the transition from fossil fuels to alternative energy sources over the next five years.” (AP Photo/Todd VanSickle) NECKER ISLAND, British Virgin Islands (AP) — Surrounded by a turquoise sea and a menagerie of exotic animals on a billionaire's private island, political and business leaders gathered Friday to back an initiative aimed at expanding protection for the Caribbean's imperiled coasts and waters.


GM stock rises above $33 for first time in 2 years

FILE - In this Jan. 12, 2009 file photo, the General Motors logo is seen on display at the North American International Auto Show in Detroit. Shares of General Motors reached an important milestone on Friday, May 17, 2013, topping their initial public offering price of $33 for the first time in more than two years. (AP Photo/Paul Sancya, File) DETROIT (AP) — Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.


A year after IPO, Facebook aims to be ad colossus

FILE - In this May 18, 2012, file photo, provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, from Facebook headquarters in Menlo Park, Calif. Amid the hype and excitement surrounding Facebook's initial public offering, there were looming doubts. Potential investors wondered whether the social network could continue growing its advertising revenue without alienating users. One year later, much has changed at Facebook in a year, including the addition of mobile advertisements, the launch of a search feature and the unveiling of a branded smartphone. (AP Photo/Nasdaq via Facebook, Zef Nikolla, File) NEW YORK (AP) — It was supposed to be our IPO, the people's public offering.


Stocks rise on hopeful signs for the US economy

FILE - In this Thursday, May 2, 2013, file photo, Trader Kevin Lodewick works on the floor of the New York Stock Exchange. World stock markets were mixed Friday May 17, 2013 as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook. (AP Photo/Richard Drew) NEW YORK (AP) — Encouraging news about the U.S. economy extended the stock market's rally Friday.


Photos: Frank Lloyd Wright Homes For Sale

Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.        

Gauge of US economy's future health up in April

In this Wednesday, April 3, 2013, photo, construction is underway in Piscataway, N.J. The private Conference Board issues its April index of leading indicators on Friday, May 17, 2013. (AP Photo/Mel Evans) WASHINGTON (AP) — A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.


Martha Stewart Case Judge Ruling Favors JCP

The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.        

Couple Finds $100,000 in Safe Deposit Box

An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, Kathleen Ricigliano, 81, said they opened a safe deposit box account with Sovereign Bank in February....        

3 Indicted for Millions of Fake Marlboros

Three men were indicted this week for shipping millions of packs of untaxed contraband Marlboro cigarettes that were part of a sting conducted by the FBI. Jia Yongming, Yazhou Wu, and Ricky Le were indicted by the U.S. Attorney’s Office on Monday in a U.S....        

Men Charged for Millions of Fake Marlboros

Three men were indicted this week for shipping millions of packs of untaxed contraband Marlboro cigarettes that were part of a sting conducted by the FBI. Jia Yongming, Yazhou Wu, and Ricky Le were indicted by the U.S. Attorney’s Office on Monday in a U.S....        

Holy Grail of Books Could Fetch $30M

A rare psalm book from 1640 could fetch between $15 million to $30 million at a Sotheby’s auction on Nov. 26 in New York. “It’s going to be far and away the most expensive book ever sold,” David Redden, vice chairman of Sotheby’s auction house,...        

Holy Grail of Rare Books, Hymnal Could Fetch $30M

A rare psalm book from 1640 could fetch between $15 million to $30 million at a Sotheby’s auction on Nov. 26 in New York. “It’s going to be far and away the most expensive book ever sold,” David Redden, vice chairman of Sotheby’s auction house,...        

McDonald's Apologizes for Sad Big Mac Ad

McDonald’s has apologized for a Big Mac ad that enflamed the fast food giant in a whopper-sized controversy. The ad, a poster placed on Boston mass transit, featured a photo of a seemingly despondent woman with her head buried in her hands next to the...        

Retail Sales Fall, Sending Stocks Down

Retail sales fell by 0.4 percent in March, according to the Commerce Department, the biggest drop in nine months. The major stock market indexes slid on the news. Taxes went up at the beginning of the year for everyone who gets a paycheck and that...        

Photos: Rock Icon's Former Home on Sale

A former home of rock legend Stevie Nicks and silent-movie star Vilma Banky is on sale for $1.625 million. The 4-bedroom home in the Hollywood Hills has a guest apartment, sunset views and spans 3,538-square feet. Nicks purchased the property in the late '70s and recorded numerous demos there, according to Curbed. Banky reportedly lived there after it was built in the late '20s. The home was last purchased in December 2000 for $1.15 million.        
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