By Devika Krishna Kumar (Reuters) – “Farmville” creator Zynga Inc reported higher-than-expected bookings as titles such as “Words With Friends” attracted more gamers, and the company announced the elimination of another 364 jobs as it tries to turn around its business.
Read moreTelecom Italia has signed an agreement with Swisscom unit Fastweb to test technologies that can bring ultra high speed broadband connections into Italian households using copper wires. Telecom Italia's current investment plan is centered on upgrading its existing network and the company has been resisting calls by government officials to develop a wholly new fiber optic network.
Read moreBy Ian Simpson and Mark Hosenball WASHINGTON (Reuters) – U.S.
Read moreBy Katharine Houreld ISLAMABAD (Reuters) – Nadir Soofi, a gunman shot dead after opening fire at a Texas exhibit of caricatures of the Prophet Mohammad, was a popular schoolboy in Pakistan but struggled to adjust to the United States after moving there as a teen, friends said on Tuesday. Soofi’s story appeared to trace a familiar arc for some Western Islamists – disappointment, alienation, and a search for belonging that ended with the embrace of militancy. Friends in Pakistan, who studied with Soofi at the elite International School of Islamabad, were stunned to discover that police had identified him as was one of the attackers.
Read moreIndian Prime Minister Narendra Modi will visit China next week, the Chinese Foreign Ministry said on Tuesday, his first trip to India's northern neighbor since being elected last year. Modi will be in China from May 14-16, the ministry said in a brief statement. China and India have growing commercial links and deep historical ties, but their recent history has been overshadowed by suspicion and the two have yet to sort out a festering border dispute.
Read moreBy Nita Bhalla NEW DELHI (Thomson Reuters Foundation) – There is probably no other place in the world right now where information – from the fate of your family members to where to get food and water – is more desperately needed than in the Nepal, devastated by a powerful earthquake six days ago. The 7.8 magnitude quake brought down thousands of buildings in the densely-populated Kathmandu Valley, which includes the capital, severely damaged telecommunications, tore apart roads and snapped bridges.
Read moreChina’s top graft buster took the unusual step on Friday of plastering its website with pictures of 21 top Chinese tourist sites where officials are banned from holding meetings, a reminder of its crackdown on extravagance and corruption. As the country marked the Labour Day holiday, the party’s Central Commission for Discipline Inspection’s normally quite staid website posted pictures of the 21 no-go zones under the caption: “Though these sites are good, just don’t meet there!” The sites include the Badaling sector of the Great Wall outside of Beijing, the old summer residence of the Qing emperors at Chengde and the beach resort of Sanya, which China likes to style its answer to Hawaii or Bali.
Read moreExpedia Inc on Thursday reported first-quarter profit that exceeded analysts’ expectations as it earned more money from travel bookings in and outside the United States, despite foreign currencies falling relative to the U.S. dollar.
Read moreChinese e-commerce giant Alibaba Group Holding Ltd is freezing hiring for the rest of the year because it has grown “too quickly”, Executive Chairman Jack Ma told staff.
Read moreIAC/InterActiveCorp reported a higher-than-expected quarterly profit as subscription revenue rose from its dating websites and the company said user response to the paid version of its Tinder dating app was better than it had anticipated. Shares of the company, whose chairman is media mogul Barry Diller, rose about 2 percent in extended trading on Tuesday
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