News Cycles: Top News

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.

Greeks embrace some new myths about life with the euro

ATHENS (Reuters) - In a land of ancient myths, modern Greeks have created some of their own about their near-bankrupt country's future as an integral part of a Europe that will never kick them out.

OECD sees euro crisis threatening world recovery

PARIS (Reuters) - The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday.

Gingrich's private ventures are going bankrupt

(Reuters) - ATLANTA - When he entered the race for the Republican presidential nomination in May 2011, Newt Gingrich was the prosperous head of a small empire commonly known as Newt Inc, which included both for-profit consultancies and nonprofit foundations. Altogether, these entwined ventures pulled in more than $110 million over the past decade. Now the vestiges of this empire are mired in debt, as is Gingrich's campaign fund. A bankruptcy proceeding under way in Atlanta will determine whether

Insight: Jerusalem expansion reaches point of no return

JERUSALEM (Reuters) - Named for the crash site of an airforce plane shot down during the Six Day War in 1967, Givat HaMatos may yet prove the place where Palestinian hopes of a creating a capital in Jerusalem also plunge to earth.

Insight: EU foreign policy chief Ashton stays out of the spotlight

BRUSSELS (Reuters) - For an insight into the world of EU foreign policy chief Catherine Ashton, consider the tale of a humble asterisk.

NATO endorses strategy to end Afghan war but risks remain

CHICAGO (Reuters) - NATO set an "irreversible" course out of Afghanistan on Monday but President Barack Obama admitted the Western alliance's plan to end the deeply unpopular war in 2014 was fraught with peril.

Flurry of arguments starts Gupta insider-trading trial

NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.

Exclusive: U.S. envoy to Afghanistan to step down shortly

CHICAGO (Reuters) - Veteran U.S. diplomat Ryan Crocker is expected to step down soon from his post as President Barack Obama's envoy to Afghanistan, departing the U.S. mission in Kabul as the United States negotiates a host of challenges on its course out of the long, costly war.

Obama sketches four-pronged strategy for Europe, sees EU consensus

CHICAGO (Reuters) - U.S. President Barack Obama urged Europe on Monday to strengthen its defenses against financial market turmoil and recapitalize its banks as part of a four-pronged strategy for tackling the euro zone crisis.