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UPS To Acquire TNT Express For €5.16B In All-Cash Deal

UPS will pay €9.50 a share in cash for Europe's second-biggest express-delivery provider, up from a February bid of €9 a share and 54 percent above TNT shares' closing price on Feb. 16. The deal is the biggest in UPS's 105-year history.
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Foxconn not to take legal action after retraction

Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, said on Monday it had no plans to take legal action over a U.S. radio program about its activity in China, parts of which have been retracted.
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Global view improving, risks still to downside: IMF's Zhu

Global economic growth will slow this year, with the United States looking much improved but risks still to the downside as Europe's financial markets remain fragile, the deputy managing director of the International Monetary Fund said on Monday.
Supporters of U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney wait outside a market place to greet him on his last day of a two day campaign visit in Bayamon March 17, 2012.

Puerto Rico Primary Election 2012: Romney, Sí; Santorum, No

The magnitude of Mitt Romney's landslide win in Puerto Rico's Republican presidential primary election on Sunday indicates Rick Santorum's gaffe about the territory's principal language and its effect on the potential for statehood probably had an impact on the results.
Louisiana Primary 2012: What to Watch For

Puerto Rico Republican Primary Results 2012: Where To Watch Live

Puerto Rico will send 23 delegates to the Republican National Convention in August, so find out here when to look for the results of the 2012 Puerto Rico GOP presidential primary election conducted Sunday, where to watch on TV and online, and how to follow the race on Twitter.
The latest attack follows a string of similar bombings across the country, raising fears the Taliban is ramping up attacks on coalition forces ahead of the annual summer fighting season.

Soldier Accused In Afghan Massacre To Meet Lawyer

With formal charges against his client likely within days, the lawyer for an Army sergeant suspected in the slaughter of 16 Afghan villagers was flying to Kansas Sunday and getting ready to meet the soldier for the first time.
Sprint CEO Dan Hesse

Sprint Backs Out of Network Deal with LightSquared, Returns $65 Million

Wireless carrier Sprint has called off its spectrum-hosting deal with would-be LTE operator LightSquared, following unresolved issues the latter had with the FCC. The satellite portion of LightSquared’s operations has been nearly wiped out by government regulators, because it interfered with GPS signals. As part of the termination process, Sprint is returning $65 million it received as prepayments, to LightSquared.
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China to Become Leading Smartphone Market in 2012, Beating U.S.

According to market figures released by research firm IDC, China is bound to overtake the U.S. in smartphone shipments by the end of 2012, becoming the leading market. IDC’s latest Worldwide Quarterly Mobile Phone Tracker forecast that China’s smartphone market will climb from 18.2 percent in 2011 to 20.7 percent in 2012, while U.S.’ market would drop from 21.3 to 20.6 percent over the same timeframe.
Damascus Syria Rally

Car Bomb In Aleppo Continues Deadly Wave in Syria

A car bomb went off in Syria's second city of Aleppo Sunday, a day after explosions killed 27 in Damascus, and security forces arrested and beat activists at a rare protest in the heart of the capital.
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Chinese writers' group sues Apple: state media

A group of 22 Chinese authors have filed a claim against U.S. technology group Apple, alleging its App Store sells unlicensed copies of their books, Chinese state media reported on Sunday.
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Global economy on recovery path, risks remain: IMF chief

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.
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Growth China's top priority, inflation key risk-NDRC

China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform Commission, said on Sunday.
IMF Chief

Global Economy on Recovery Path: IMF

Though there are signs of recovery, the debt crisis in the developed markets and rising oil prices add to the risk factors looming large over the global economy.

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