U.S. intelligence set back when Libya base abandoned

By Mark Hosenball WASHINGTON (Reuters) - U.S. intelligence efforts in Libya have suffered a significant setback due to the abandonment and exposure of a facility in Benghazi, Libya identified by a newspaper as a "CIA base" following a congressional...

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PayPal plans first job cuts since 2008 financial crisis

By Alistair Barr SAN FRANCISCO (Reuters) - PayPal is planning to cut as much as 3 percent of its workforce as the payments division of eBay Inc looks to streamline its operations under new President David Marcus, a person familiar with the situation...

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Gold headed for biggest weekly loss in two months

SINGAPORE (Reuters) - Gold was little changed on Friday, holding on to gains in the previous session when the dollar eased from a one-month high, but bullion was headed for its biggest weekly drop in two months. FUNDAMENTALS * Spot gold was little...

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Asian stocks steady, set for losing week on growth concerns

By Alex Richardson SINGAPORE (Reuters) - Asian stocks and the euro steadied on Friday, but were on course for a losing week as worries about weak corporate earnings and slowing global economic growth limit the appeal of riskier assets. Mining stocks,...

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After BAE-EADS: small deals, not mega-mergers

By Andrea Shalal-Esa and Soyoung Kim WASHINGTON/NEW YORK (Reuters) - The collapse of the proposed merger between BAE Systems Plc and EADS will shift the focus to smaller deals among global weapons makers as companies strive to keep revenue rising in...

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Eat chocolate, win the Nobel Prize?

REUTERS - Of all the chocolate research out there, the most unabashed tribute to the "dark gold" has to be a study just published in one of the world's most prestigious medical journals. Drum roll, please. The higher a country's chocolate consumption,...

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Behind bars, Sandusky may face threats and isolation

By Barbara Goldberg REUTERS - Jerry Sandusky will soon join about 6,700 other convicted sex offenders serving time in Pennsylvania's prison system, where he will be stripped of everything but his wedding band and a cheap watch, work for pennies per...

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Fertilizer maker IFFCO sees potash deals post harvest

By Rod Nickel REUTERS - Indian fertilizer buyers are unlikely to agree to new potash contracts with the world's two big suppliers until December at the earliest, the head of one of India's biggest fertilizer makers, Indian Farmers Fertiliser Co-operative...

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