Reuters: Top News - Breaking News - World News

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WILMINGTON, Delaware (Reuters) - The administrator of BP Plc's $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him "neutral," a federal judge ruled on Wednesday.




Source: Judge finds Ken Feinberg not independent of BP

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WILMINGTON, Delaware (Reuters) - The administrator of BP Plc's $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him "neutral," a federal judge ruled on Wednesday.




Source: Judge finds Feinberg not independent of BP

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NEW YORK (Reuters) - January sales at major U.S. retailers blew past analysts' expectations as shoppers braved snowstorms in an unexpected sign of consumer strength.




Source: Retailers beat estimates and January storms

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WASHINGTON (Reuters) - Republican leaders in the House of Representatives will seek $32 billion in spending cuts this year as part of an initial bid to shrink record budget deficits forecast to hit $1.5 trillion this year alone.



Source: House Republicans seek $32 billion in spending cuts

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ROME (Reuters) - G20-leader France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.




Source: France, FAO see food crisis risk as prices soar

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At last week's World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers.




Source: Special report: Jamie Dimon wants some R-E-S-P-E-C-T

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NEW YORK/DETROIT (Reuters) - The owners of the New York Mets baseball team turned a blind eye to Bernard Madoff's Ponzi scheme and should give up roughly $300 million of fictitious profits tied to the now imprisoned swindler, a lawsuit charges.




Source: NY Mets owners hit with $300 million Madoff lawsuit

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NEW YORK/DETROIT (Reuters) - The owners of the New York Mets baseball team turned a blind eye to Bernard Madoff's Ponzi scheme and should give up roughly $300 million of fictitious profits tied to the now imprisoned swindler, a lawsuit charges.




Source: NY Mets owners hit with $300 million Madoff lawsuit

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WASHINGTON (Reuters) - The White House released a strategy to promote U.S. innovation on Friday, keeping its focus on the politically important jobs issue as the Labor Department issued a mixed unemployment report.




Source: Obama pushes on job creation, amid din over Egypt

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NEW YORK (Reuters) - Computer hackers repeatedly entered the network of the company that runs the Nasdaq stock market in the past year, but the trading platform was not compromised, the Wall Street Journal reported on Friday.




Source: Hackers penetrate Nasdaq computers: report