DealBook: Hedge Fund Takes Control of Barneys

DealBook: Hedge Fund Takes Control of Barneys

DealBook: Hedge Fund Takes Control of Barneys

Posted: 07 May 2012 01:03 PM PDT

Perry Capital, which is Barneys' biggest bondholder, announced on Monday that it had taken control of the retailer, concluding a long-running effort to reorganize its finances after laboring under nearly $600 million in debt.

Warren Weinstein, Maryland man kidnapped in Pakistan, pleads for his life in video

Posted: 07 May 2012 01:04 PM PDT

ISLAMABAD – Warren Weinstein, a 70-year-old American aid expert kidnapped in Pakistan last summer, has appeared in a video asking President Obama to save his life by meeting his al-Qaeda captors' demands to free convicted terrorists imprisoned in the United States.

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Colombian 'drug lord' surrenders

Posted: 07 May 2012 12:54 PM PDT

A man who is accused of leading one of the most influential drug gangs in Colombia hands himself in to US counter-narcotics agents in Aruba.


A Regime’s Tight Grip: Lessons From Cuba in AIDS Control

Posted: 07 May 2012 12:26 PM PDT

Cuba's success in limiting the epidemic stems from harsh early measures against H.I.V., and continuing education, universal basic health care and condom distribution.

Al Qaeda Attack Kills 22 Yemeni Soldiers

Posted: 07 May 2012 11:30 AM PDT

Al Qaeda militants attacked a Yemeni army base in the south, killing 22 soldiers and capturing 25, hours after a U.S. drone strike killed a senior figure in the terror network wanted in connection with the 2000 bombing of the USS Cole.


India Blinks on Tax- Avoidance Plans

Posted: 07 May 2012 11:22 AM PDT

The Indian government postponed by a year the implementation of new rules cracking down on tax evasion, in the first sign that it is heeding criticism that recent tax proposals are sapping investors' confidence.


Google-Oracle Jury Reaches Impasse on Key Issue

Posted: 07 May 2012 11:49 AM PDT

A federal jury in San Francisco has reached an impasse on a key issue in Oracle's copyright-infringement case against Google, handing the database-software company a major setback.

Abbott to Pay $1.6 Billion Over Illegal Marketing

Posted: 07 May 2012 12:02 PM PDT

Abbott Laboratories said it reached an agreement with the federal and nearly all state governments to pay $1.6 billion in connection with its marketing of the anti-seizure drug Depakote.

Death row Scot jailed for threat

Posted: 07 May 2012 10:21 AM PDT

A Scot who spent two decades on death row is jailed for three years in America after admitting threatening a judge.


Armenia president's party wins election

Posted: 07 May 2012 12:12 PM PDT

YEREVAN (Reuters) - Armenian President Serzh Sarksyan's Republican Party won a parliamentary majority, election results showed on Monday, strengthening his position ahead of a presidential election next year.

Kidnapped American Warren Weinstein Appears in Qaeda Video

Posted: 07 May 2012 11:35 AM PDT

The hostage, Warren Weinstein, a 70-year-old development consultant was shown making an emotional appeal to President Obama to negotiate for his release.

UPDATE: Where in the world ... ?

Posted: 07 May 2012 11:36 AM PDT

Do you know where this photo was taken?

Google 'breached Java copyright'

Posted: 07 May 2012 12:22 PM PDT

A US jury finds Google breached copyright in a case brought by Oracle over its Java programming language, but can't agree whether it constitutes "fair use".


S Korea cracks down on 'human flesh capsules'

Posted: 07 May 2012 11:45 AM PDT

Officials seize thousands of smuggled capsules containing powdered flesh of fetuses from China thought to cure disease.


Pressure grows on head of Yahoo

Posted: 07 May 2012 11:26 AM PDT

A shareholder seeking the dismissal of Yahoo's chief executive demands the internet firm hand over documents relating to his recruitment.


Thalidomide victims in grant plea

Posted: 07 May 2012 11:08 AM PDT

People affected by the drug thalidomide urge the government to agree to a permanent financial settlement to help meet their rising healthcare costs.


Cardinal apology to abuse victim

Posted: 07 May 2012 10:20 AM PDT

Cardinal Sean Brady says he wants to personally apologise to a man who was abused as a 14-year-old boy by paedophile priest Brendan Smyth.


Mexico’s telegenic presidential front-runner survives debate

Posted: 07 May 2012 11:21 AM PDT

MEXICO CITY — Following a solid — if beaten and battered — performance at his first debate, the presidential front-runner from Mexico's major opposition party, Enrique Peña Nieto, survived his biggest test yet, showing Mexican voters the telegenic former governor could think on his feet and defend himself and party against charges of corruption and cronyism.

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Head of Irish church apologizes to sex abuse victims

Posted: 07 May 2012 11:25 AM PDT

DUBLIN (Reuters) - The head of the Irish Catholic Church apologized on Monday to victims of sexual abuse but rejected calls to resign after a TV documentary reported the cleric failed to warn parents their children were being sexually abused by a priest in 1975.

Books of The Times: ‘Home,’ a Novel by Toni Morrison

Posted: 07 May 2012 10:55 AM PDT

Toni Morrison's new novel encapsulates all the themes that have fueled her fiction: the hold that time past exerts over time present, the hazards of love, the possibility of redemption and transcendence.

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