The outgoing Bank of England governor warns a government plan to boost the housing market with part-mortgage guarantees has no long-term place.
* Shares jump as much as 7.5 percent (Adds company, analyst comments, detail, background, shares)
May 5 (Reuters) – Cooler temperatures helped firefighters battling a wildfire in southern California on Sunday and an official said the blaze was expected to be fully under control within 24 hours.
NEW YORK (Reuters Health) – Terminally ill cancer patients who watched either of two videos about the option to forego resuscitation overwhelmingly elected that route for the patient in the video, if not for themselves, according to a new study.
Something odd happens whenever immigration reform enters the news: Politicians and pundits who barely spare a word for low-wage workers in normal times suddenly become extremely concerned that immigrants might compete with low-wage laborers. Read full article >>
WASHINGTON (Reuters) – President Barack Obama pledged on Friday that the United States will find out whether the two ethnic Chechen brothers suspected of carrying out the Boston Marathon bombings received help, and he pleaded for Americans not to rush … Continue reading
* First Deputy PM says Moscow won’t act if Russians lose money
MOSCOW/LONDON (Reuters) – Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects.
NEW YORK (Reuters) – The Dow Jones industrial average soared to a record closing high on Tuesday, breaking through levels last seen in 2007 and as investors rushed in to join the party in anticipation of more gains.