The Wendy's Co. on Tuesday reported a first-quarter profit that missed Wall Street expectations and cut its forecast for the year, as the hamburger chain struggled in its revival efforts amid higher costs for fresh beef and weaker-than-expected sales.
World
Wendy's cuts 2012 forecast, citing higher costs
IAEA inspector killed in Iran car crash
A U.N. nuclear inspector from South Korea was killed Tuesday and a colleague was injured in a car crash near a reactor site in central Iran, the nuclear watchdog agency said.
Several killed in shooting near Libyan PM's compound
TRIPOLI (Reuters) - Several people were killed on Tuesday when an armed militia protesting outside the Libyan prime minister's office in Tripoli started shooting, highlighting the country's volatility a month before it holds its first election. Witnesses and officials said the militia, from the town of Yafran about 100 km (60 miles) southwest of Tripoli, was at the prime minister's compound to demand cash from the government when the protest turned violent. Adel Osman, a spokesman for the Defence Ministry, said there were dead and injured, but he did not know how many. ...
Greek bailout not up for negotiation: ECB's Asmussen
FRANKFURT (Reuters) - The European Central Bank will not renegotiate Greece's bailout package and there are no alternatives to sticking with it if Greece wants to stay in the euro zone, ECB Executive Board member Joerg Asmussen was quoted as saying on Tuesday. "Greece needs to be aware that there are no alternatives to the agreed bailout program, if it wants to stay in the euro zone," Asmussen told German financial daily Handelsblatt. ...
Western oil sanctions cost Syria $3 billion: minister
Western sanctions on Syrian oil exports have cost the country nearly $3 billion dollars in losses, Petroleum Minister Sufian Allaw said on Tuesday.
APNewsBreak: Salazar to approve Utah gas wells
U.S. Interior Secretary Ken Salazar is set to approve a major natural gas drilling project in Utah that the Obama administration says will support more than 4,000 jobs during its development while safeguarding critical wildlife habitat and air quality.
Nearly 12,000 killed in Syria revolt: NGO
Nearly 12,000 people, the majority of them civilians, have been killed in Syria since the outbreak in March 2011 of a revolt against the regime of Bashar al-Assad, a watchdog said Tuesday.
Investment bank, cost cuts help HSBC top forecasts
LONDON (Reuters) - HSBC beat expectations with an underlying first-quarter profit of $6.8 billion as Europe's biggest bank saw a rebound in investment banking, growth in Asia and a fall in U.S. bad debts. HSBC said on Tuesday it was making good progress with its strategic revamp, including cost savings, and had shed 14,000 jobs since last year as part of chief executive Stuart Gulliver's drive to boost profitability. "We are pleased that the measures that are under our control, we are getting some serious traction on," Gulliver told reporters. ...
Phone hacking investigator in UK Supreme Court bid
A private investigator jailed for hacking phones for Rupert Murdoch's News of the World asked Britain's Supreme Court on Tuesday to back his bid to keep mum about who ordered him to conduct the illegal eavesdropping.
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