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Cameron calls emergency meeting after man killed in London
Police officers guard a cordon set up around a crime scene where one man was killed was killed in Woolwich, southeast LondonBy Li-mei Hoang LONDON (Reuters) - Prime Minister David Cameron called an emergency security meeting on Wednesday after a man was killed near an army barracks in London, and two men were shot and wounded by police. Media reports said the dead man was a British soldier who was hacked to death by unidentified assailants. Some reports suggested his attackers tried to behead him while shouting "God is greatest" in Arabic. "This is a sickening and barbaric attack," Home Secretary Theresa May said in a statement. ...

NY funeral for student accidentally shot by police
Mourners embrace outside St. Teresa of Avila Church after the funeral service for Andrea Rebello, Wednesday, May 22, 2013 in Sleepy Hollow, N.Y. Rebello, a junior at Hofstra University in Hempstead, N.Y., was shot and killed Friday, May 17, 2013, during a break-in near the college campus. (AP Photo/Mary Altaffer)SLEEPY HOLLOW, N.Y. (AP) — They hesitated at first, but then they came from all over the church: young women in black shuffling out of the pews and down the side aisles to the altar, some of them sobbing.

SPORTS NEWS


Banker Carrion bids for IOC presidency
By Karolos Grohmann BERLIN (Reuters) - Puerto Rican banker Richard Carrion launched his bid for the presidency of the International Olympic Committee (IOC) on Wednesday, with his long financial experience a powerful pitch in his quest for the world's top sports job. The 60-year-old Carrion, who is chairman of Puerto Rican lender Popular Inc, heads the IOC's finance commission and is a director of the Federal Reserve Bank of New York, becomes the third official candidate in the race to be decided on September 10. ...

Golf-Garcia apologises for 'fried chicken' jibe at Woods
LONDON, May 22 (Reuters) - Spaniard Sergio Garcia has apologised after a "fried chicken" jibe aimed at world number one Tiger Woods during a European Tour awards dinner on Tuesday. Garcia, who has a frosty relationship with Woods, was on stage with his Ryder Cup team mates when he was asked in jest whether he would be inviting Woods for dinner during next month's U.S. Open in Merion. "We will have him round every night. We will serve fried chicken." Garcia was heard to say. ...

ECONOMY NEWS


Home sales close in on three-and-a-half year high
An existing single family home which is up for sale is pictured in BurbankBy Lucia Mutikani WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its lost glory. Resales were 9.7 percent higher than the same period last year. ...

Fed weighed slowing its pace of bond purchases
WASHINGTON (AP) — Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
   

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