UNITED STATES

Penney expects extra boost from exclusives, cuts

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J.C. Penney Co Inc's efforts to remake itself as a more fashionable chain and raise profitability by shedding weak units paid off in the first quarter and the retailer raised its full-year profit forecast.

Huckabee: Trump better than Obama

Two days after announcing his intention not to run for the Republican nomination in the 2012 presidential election, Mike Huckabee has proffered words of support to another possible candidate: Donald Trump.
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Nasdaq, ICE pull NYSE bid, cite regulators

Nasdaq OMX Group Inc and IntercontinentalExchange are withdrawing their bid for rival exchange NYSE Euronext, saying it became clear they would not win approval for the deal from the Department of Justice's antitrust division.

Kerry Talks Tough In Pakistan

U.S. Senator John Kerry has issued a list of “specific demands” to the head of the Pakistani army with respect to Washington’s suspicions that top officials in the South Asian country had been harboring al-Qaeda terror chief Osama bin Laden for years.
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France wants $3.5 billion for its 4G frequencies

France hopes to get at least 2.5 billion euros ($3.53 billion) for the fourth-generation (4G) wireless frequencies it plans to grant to telecom operators in an upcoming auction, Industry minister Eric Besson told Le Figaro.
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S&P offers to cap license fees to end probe: EU

Standard & Poor's has offered to cap its licensing fees to end an antitrust investigation, EU regulators said on Monday, in a move that could help the credit ratings agency avert a possible fine.
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How an iPod Touch helped perform a surgery

Information technology mingling with medicine is nothing new nowadays. However, every time something happens in this regard, it captures the imagination of all. The latest in this string of events is an iPod Touch in the hands of a few surgeons in India.

Bin Laden daughters among hostile interviewees

American intelligence officials in Pakistan have revealed that, apart from the three hostile widows of Bin Laden, some of his daughters were also among those quizzed by US officials in Pakistan under the watchful eyes of Inter-Services Intelligence (ISI). Although they were interviewed as a group, only Khariraih Sabar, who is believed to be Laden's third wife and the eldest of them all, spoke up.

PSN still down in Japan; Server glitches slow PlayStation restoration in US

Almost 24 hours after Sony restored the PlayStation Network and Qriocity in the U.S., Europe and the Middle East, there was no word on the restoration of the services in Japan and the rest of Asia. Meanwhile, there have been reports that the PSN restoration in the U.S. and Europe was far from being a smooth affair, with occasional server glitches slowing down the process much to the disappointment of avid fans who skipped sleep to lay hands on favored games.
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AIG stock sale draws initial investor interest: report

Underwriters for the planned $9 billion stock sale by American International Group Inc and the Treasury have indications of interest from investors for about half the offering, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

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