Top News - Breaking News - World News from Reuters (April 2011 Diet)

[Reuters]

WASHINGTON (Reuters) - Bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.

Source: Bank regulators reach settlements with mortgage lenders

[Reuters]

BENTONVILLE, Arkansas (Reuters) - It all starts with Walmart 101.

Source: New Wal-Mart vendor? First, head down the street

[Reuters]

NEW YORK/BOSTON (Reuters) - An Ivy League-trained doctor-turned-stock-picker has been charged with insider trading, accused of showering a French physician with cash and a luxury trip to New York in exchange for secret details on a biotechnology company.

Source: Doctor-turned-trader paid cash for stock tips

[Reuters]

WASHINGTON (Reuters) - In the most damning official U.S. report yet produced on Wall Street's role in the financial crisis, a Senate panel accused powerhouse Goldman Sachs of misleading clients and manipulating markets, while also condemning greed, weak regulation and conflicts of interest throughout the financial system.

Source: Senate panel slams Goldman in scathing crisis report

[Reuters]

SAN FRANCISCO (Reuters) - Management changes, spending plans and regulatory risks will be in the spotlight when Google Inc reports its first-quarter financial results after the market closes on Thursday.

Source: Google first-quarter report to kick off era under new CEO

[Reuters]

NEW YORK (Reuters) - U.S. inflation is likely to climb higher than previously thought but the recovery will not stall as interest rates will be held down until early next year, according to the latest Reuters poll of economists.

Source: U.S. inflation seen picking up but no grave threat: Reuters poll

[Reuters]

NEW YORK (Reuters) - Hedge fund founder Raj Rajaratnam and his family have invested $25 million in a $35 million fund managed by one of his former top executives who testified at Rajaratnam's insider trading trial, the jury heard on Thursday.

Source: Rajaratnam invests in fund run by trial witness

[Reuters]

WASHINGTON (Reuters) - Too little is known about Libya's rebels and they remain too fragmented for the United States to get seriously involved in organizing or training them, let alone arming them, U.S. and European officials say.

Source: U.S., allies see Libyan rebels in hopeless disarray

[Reuters]

WASHINGTON (Reuters) - The Congress on Thursday approved a budget deal to avert a government shutdown, but mass defections in both parties highlighted the difficult fights ahead on spending and debt reduction.

Source: Budget vote shows challenge for Boehner, Obama

[Reuters]

BEIJING (Reuters) - China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.

Source: Asia, Europe data point to mounting inflation risks