Infosys March and June Quarter Revenue Short of Expectations. Shares are Down 18%.

Infosys March and June Quarter Revenue Short of Expectations. Shares are Down 18%.

Infosys March and June Quarter Revenue Short of Expectations. Shares are Down 18%.

Posted: 11 Apr 2013 11:12 PM PDT

Infosys reported its March quarter results before the market opened.  Revenue was $1.94 billion vs. Street expectations of $1.99 billion.  Revenue growth was 1.4% quarter over quarter and 9.4% year over year.  Earnings per American Depositary Share was $0.78 vs. the Street at $0.74.   While earnings beat expectations it was only an increase of 2.6% quarter over quarter and a decline of 3.7% year over year.

Berlusconi open to talks on leftist president: report

Posted: 11 Apr 2013 10:53 PM PDT

MILAN (Reuters) - Italy's Silvio Berlusconi offered on Friday to support a center-left politician for president in an upcoming election but stuck to his demand in return for a grand coalition in which he would share power.

Kerry lands in S Korea to kick off Asia tour

Posted: 11 Apr 2013 10:47 PM PDT

Top US diplomat John Kerry embarks on three-day trip as Washington presses China to send "tough" message to North Korea.

VIDEO: Malawi accuses Madonna of 'bullying'

Posted: 11 Apr 2013 08:32 AM PDT

Malawi has accused US singer Madonna of "bullying state officials" after she reportedly complained about her treatment on a visit to the country

VIDEO: Is this a country preparing for war?

Posted: 11 Apr 2013 02:47 PM PDT

North Korea has once again ramped up its warlike rhetoric as it threatens to launch an attack on enemy strongholds.

VIDEO: Tornado sweeps across Mississippi

Posted: 11 Apr 2013 08:31 PM PDT

A huge tornado has swept across the US state of Mississippi, destroying homes and causing power cuts.

VIDEO: Clashes in Chile over free education

Posted: 11 Apr 2013 10:37 PM PDT

The students and their families were taking part in a massive nationwide demonstration, demanding free and quality education for all.

VIDEO: Venezuela election campaigning ends

Posted: 11 Apr 2013 10:27 PM PDT

Campaigning has ended in Venezuela ahead of this weekend's presidential election - the first vote in almost 20 years in which Hugo Chavez will not be a candidate.

VIDEO: Tour guide wrestles 10ft deadly python

Posted: 11 Apr 2013 06:42 PM PDT

The heroics were captured on video as holidaymakers watched Tommy Owen tackle one of southwest Florida's most dangerous species, the Burma python.

VIDEO: 'Horsemeat was mixed with beef'

Posted: 11 Apr 2013 10:40 PM PDT

A lawyer, representing the owner of the Dutch meat processing plant accused of fraudulently selling horsemeat as beef, has told the BBC his client did mix horse with beef, but only when dealing with specific orders to combine the two products.

VIDEO: French politicians to declare assets

Posted: 11 Apr 2013 10:53 PM PDT

President Hollande has announced plans for a new law to clean up French politics and has given cabinet members until Monday to declare their assets.

VIDEO: Dancing lotto winner mistakes C$40m jackpot

Posted: 11 Apr 2013 07:08 PM PDT

A woman in Toronto who originally thought she had won 40,000 Canadian dollars danced for joy when she was presented with her actual lottery winnings of CDN $40m.

Price surge for tomatoes has Brazilians up in arms

Posted: 11 Apr 2013 10:51 PM PDT

A woman shops for tomatoes with her daughter at a supermarket in Rio de Janeiro, Brazil, Thursday, April 11, 2013. A longer-than-usual rainy season, high fuel prices and superheated demand have combined to send prices for the beloved vegetable soaring, and consumers are seeing red. (AP Photo/Felipe Dana)RIO DE JANEIRO (AP) — The tomato has long been a near-obligatory garnishing for just about any Brazilian dish, yet it's becoming the country's apple of discord.

California Lottery Believes in Powerball---Despite Odds and Taxes

Posted: 11 Apr 2013 10:31 PM PDT

Californians won over $2.5 billion in lottery money last year, but courtesy of a unanimous vote of California's Lottery Commission, we now have Powerball too. With six of the 10 biggest jackpots in the country, Powerball super-sizes the Golden State.  Forget SuperLotto Plus and Mega Millions. A $2 Powerball ticket competes for $40 million, an amount going up $10 million for each drawing without a winner. See Powerball added to California lottery lineup.

VIDEO: Row in Sydney over rainbow crossing

Posted: 11 Apr 2013 06:29 AM PDT

A row has erupted in the Australian city of Sydney after the authorities tore up a road crossing that had been painted in rainbow stripes for the annual gay parade

VIDEO: Uruguay gay vote sparks celebrations

Posted: 11 Apr 2013 09:42 AM PDT

The Uruguayan Congress has voted overwhelmingly to legalise gay marriage in the country, sparking scenes of celebration in Parliament.

VIDEO: Urban art meets industrial chic

Posted: 11 Apr 2013 10:42 AM PDT

A former steel plant in Volklinger now used as a venue for major cultural events is playing host to a number of works by famous street artists for Germany's Urban Art Biennial.

VIDEO: A musical journey through Mumbai

Posted: 11 Apr 2013 09:01 AM PDT

British Asian musician Talvin Singh takes the BBC on a musical journey inspired by the bustling streets of Mumbai.

VIDEO: Stuck on world's fastest zip line

Posted: 11 Apr 2013 01:25 AM PDT

The BBC's Joanne Whalley found herself stuck in mid-air when she went to report on a new zip wire ride that has opened in Wales

Gem Heists Dull Antwerp's Sparkle

Posted: 11 Apr 2013 10:06 PM PDT

A daring heist of tens of millions of dollars of rough and cut diamonds at nearby Brussels Airport in February was the latest in a string of robberies and kidnappings that have targeted Antwerp's diamond business.
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North Korea May Have Nuclear Missile Capability, U.S. Agency Says

North Korea May Have Nuclear Missile Capability, U.S. Agency Says

North Korea May Have Nuclear Missile Capability, U.S. Agency Says

Posted: 11 Apr 2013 01:38 PM PDT

The Pentagon's intelligence arm concluded for the first time that North Korea may have learned how to make a nuclear weapon small enough to be delivered by a ballistic missile.
    

DealBook: Former Partner at KPMG Charged With Insider Trading

Posted: 11 Apr 2013 01:38 PM PDT

Federal prosecutors filed criminal charges against Scott London, a former senior partner at the accounting giant, laying bare a brazen two-year insider trading scheme.
    

World Briefing | Asia: Bangladesh Police Arrest Acting Editor of Pro-Opposition Paper

Posted: 11 Apr 2013 12:51 PM PDT

The editor, Mahmudur Rahman, was charged with sedition at a time when strikes by opposition forces have frozen travel and are crippling the country's economy.
    

Woods makes steady Masters start

Posted: 11 Apr 2013 01:09 PM PDT

Pre-tournament favourite Tiger Woods is in the chasing pack after finishing his first round on two under at the Masters.

Exclusive: Brazil's Rousseff to make rare state visit to U.S.

Posted: 11 Apr 2013 01:23 PM PDT

SAO PAULO (Reuters) - President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, a diplomatic breakthrough for an emerging power that has clashed with Washington but is hungry for closer ties and recognition of its growing prestige.

Chief Rabbi in France Resigns Under Cloud

Posted: 11 Apr 2013 01:44 PM PDT

Gilles Bernheim stepped down days after admitting he didn't hold a claimed philosophy degree and wasn't the author of some of his writings, including an essay praised by Pope Benedict XVI last year.

Council of Europe calls Russia's treatment of NGOs "chilling"

Posted: 11 Apr 2013 01:08 PM PDT

MOSCOW (Reuters) - Russia is hampering the work of non-governmental organizations with new restrictive laws and a wave of spot inspections, the Council of Europe's human rights envoy said on Thursday.

Palestinian president under pressure to back Fayyad

Posted: 11 Apr 2013 12:50 PM PDT

RAMALLAH, West Bank (Reuters) - Palestinian President Mahmoud Abbas faced pressure from Western allies on Thursday not to let Prime Minister Salam Fayyad quit at a time when Washington is seeking to resurrect Middle East peace talks.

Turkish Police Say U.S. Embassy Was Target of Bomb Plot

Posted: 11 Apr 2013 12:55 PM PDT

Twelve were arrested in an alleged Al-Qaeda-linked plot to attack the embassy in Ankara, a synagogue in Istanbul and other targets.
    

DealBook: Online Currency Draws Big Investors

Posted: 11 Apr 2013 01:23 PM PDT

The Winklevoss twins, known as nemeses of Mark Zuckerberg, have what seems to be one of the largest portfolios of the bitcoin.
    

What time machine? Iranian news agency quietly deletes a report that Iran had built one.

Posted: 11 Apr 2013 11:45 AM PDT

Iran's semiofficial Fars News Agency seems to have retreated from its earlier, mind-boggling story saying that an Iranian scientist had invented the world's first time machine.

Yes, you read that correctly: the world's first time machine. Fars initially reported that the device could fit into a computer case and predict a person's marriage age, education, occupation and number of children just by their touch. The device's alleged inventor, 27-year-old Ali Razeghi, also said it could forecast wars and epidemics with 98 percent accuracy, and that the United States had invested several billion dollars in research on a similar machine.

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Electoral analysis predicts Egyptian support for Islamists likely to slide

Posted: 11 Apr 2013 11:36 AM PDT

A new report on Egyptian electoral trends, released by Rand, finds that Islamist political parties such as the Muslim Brotherhood are likely to see their political majority decline over time. Still, the report predicts, Islamists will probably remain the primary political faction in Egypt, though challenged by increasingly powerful non-Islamist parties.

Read full article >>
    

DNA pioneer's Nobel Prize auctioned

Posted: 11 Apr 2013 10:54 AM PDT

The Nobel Prize won by British scientist Francis Crick for his discovery of DNA - the "secret of life" - sells for $2.27m at a New York auction.

Russia Skips Hybrids in Push for Natural Gas Cars

Posted: 11 Apr 2013 11:01 AM PDT

Russia, the world's second-largest producer of natural gas, is making a bet that methane-powered cars are an alluring market for future growth.
    

Ex-KPMG partner on insider charges

Posted: 11 Apr 2013 12:20 PM PDT

US authorities file criminal and civil charges against a former senior partner at accountancy firm KPMG over alleged insider trading.

Donaldson fires Masters hole-in-one

Posted: 11 Apr 2013 11:54 AM PDT

Jamie Donaldson hits a hole-in-one on the sixth hole at Augusta in his debut at the Masters.

U.S. Charges Ex-KPMG Auditor in Tips-for-Cash Scheme

Posted: 11 Apr 2013 11:32 AM PDT

Authorities filed criminal and civil charges against a former KPMG senior auditor who is accused of passing non-public information about KPMG's corporate clients to a golfing buddy who traded on the tips.
    

Mali PM promises July election during northern visit

Posted: 11 Apr 2013 11:59 AM PDT

GAO, Mali (Reuters) - Mali's prime minister promised during a visit to the war-torn north on Thursday elections would go ahead in July despite fears his government is failing to reassert its control there after the ousting of Islamist rebels.

Venezuela candidates rally voters

Posted: 11 Apr 2013 11:51 AM PDT

Chavez's chosen "son" Maduro and rival Capriles race to make last-ditch appeal at mass rallies before Sunday's election.

The unforgiving Marathon Des Sables

Posted: 11 Apr 2013 09:15 AM PDT

With temperatures pushing up to 50 Degrees Celsius, the race across the Sahara is one of sport's toughest challenges.
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