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

[Reuters]

NEW YORK/CHARLOTTE, North Carolina (Reuters) - The New York attorney general's office has requested information from three major banks about their mortgage operations, according to a source familiar with the matter.

Source: Probes into banks' mortgage lending grow

[Reuters]

NEW YORK (Reuters) - LinkedIn is due to sell some $341 million of shares to the public later on Wednesday, and the intense demand for the stock so far could be a good indicator of how investors will receive IPOs from other social media companies like Facebook.

Source: LinkedIn IPO likely a success, but risks real

[Reuters]

BIG SKY, Montana (Reuters) - The World Trade Organization appellate body has given the United States a "definitive victory" in its long-running case against European subsidies for Airbus, U.S. officials said on Wednesday.

Source: U.S. claims "definitive victory" in Airbus subsidy case

[Reuters]

WASHINGTON (Reuters) - Most Federal Reserve officials prefer to raise rock-bottom interest rates before selling assets when the time comes to tighten policy, restoring their main tool for managing the economy, according to minutes of their April meeting.

Source: Most at Fed want rate hikes before asset sales

[Reuters]

NEW YORK (Reuters) - LinkedIn sold shares at the top of an already raised price range in its initial public offering on Wednesday, signaling that stock investors are eager to buy shares of social networking companies even if valuations are lofty.

Source: LinkedIn IPO prices at $45 per share, top of range

[Reuters]

WASHINGTON (Reuters) - Weak data on U.S. home sales and factory activity on Thursday showed the economy stuck in a slow-growth gear, although a drop in claims for jobless aid offered hope the labor market's recovery was on track.

Source: Data suggests second-quarter GDP may disappoint

[Reuters]

SANAA (Reuters) - Yemen's ruling party held open the possibility that President Ali Abdullah Saleh would sign a deal on Sunday that would soon ease him out of office as Washington heaped pressure on the entrenched leader to transfer power.

Source: Yemen leadership may yet sign transition deal

[Reuters]

WASHINGTON (Reuters) - The Senate will place its annual budget process on hold to give the outcome of bipartisan deficit-reduction talks a greater chance of becoming law, the Senate's top budget writer said on Thursday.

Source: Senate will await Biden group budget plan

[Reuters]

WASHINGTON (Reuters) - President Barack Obama on Thursday backed a key Palestinian demand on the borders of a future state with Israel as part of his vision for a Middle East peace deal and sought to shape political change convulsing the region.

Source: Obama, in Arab outreach, shifts on Mideast peace

[Reuters]

LONDON (Reuters) - Shares in commodities trading group Glencore fell below their issue price of 530 pence on Friday, the second day of conditional trading, as investors fretted over its valuation.

Source: Valuation worries drive Glencore below issue price