Senate set to begin Kagan court confirmation hearing

WASHINGTON (Reuters) – Elena Kagan, nicknamed “Shorty” by a liberal mentor before becoming a legal giant, will introduce herself to the nation next week as the widely anticipated next member of the U.S. Supreme Court.

Obama calls for bank tax as next step in reform

TORONTO (Reuters) – President Barack Obama, fresh from a win on a sweeping overhaul of Wall Street regulations, on Saturday urged Congress to take up his proposal for a $90 billion, 10-year tax on banks as the next step in reform.

China’s Taikang CEO sees Goldman deal soon

CAPE TOWN (Reuters) – China’s Taikang Life Insurance Co said on Saturday a deal by an investing arm of Goldman Sachs to buy AXA’s $1.05 billion stake in Taikang was in the final stages of negotiations.

China Mobile CEO says mulling Africa M&A

CAPE TOWN (Reuters) – China Mobile , the world’s largest mobile-phone carrier, is looking for acquisitions in Africa but does not have any targets at the moment, its chief executive told Reuters on Saturday.

Season’s first tropical storm forms in Caribbean

MIAMI (Reuters) – Tropical Storm Alex, the first named storm of the 2010 Atlantic hurricane season, formed on Saturday in the western Caribbean near Mexico’s Yucatan Peninsula, the U.S. National Hurricane Center said.

Teenage sailor back on land after ocean rescue

SAINT-DENIS DE LA REUNION, Reunion (Reuters) – Teenage U.S. sailor Abigail Sunderland returned to dry land on Saturday after her rescue in the southern Indian Ocean this month, and defended herself from charges of being naive.

British PM fears BP’s "destruction"

TORONTO/MIAMI (Reuters) – President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.


Senate set to begin Kagan confirmation hearing

WASHINGTON (Reuters) – Elena Kagan, nicknamed “Shorty” by a liberal mentor before becoming a legal giant, will introduce herself to the nation next week as the widely anticipated next member of the U.S. Supreme Court.