Business Blog

NEW YORK, June 28 (Reuters) - American Apparel Inc APP.A has adopted a one-year shareholder rights plan to help its board of directors better protect its stockholders and ensure they are treated fairly, the company said on Saturday. The company said...

DUBAI, June 28 (Reuters) - Saudi Arabia's King Abdullah sacked the deputy defence minister on Saturday less than two months after he was appointed, the state news agency reported. The royal decree said the decision to relieve Prince Khaled bin...

* Sistani wields immense influence among followers in Iraq * Shi'ite clerics see insurgent onslaught as existential threat * Thousands of men have responded to Sistani's call to arms * Najaf clerics usually avoid direct role in politics ...

* Supreme leader says Iraq fighting not Sunni-Shi'ite war * Iran's ruling clergy plays down sectarian aspect DUBAI, June 28 (Reuters) - Iran's supreme leader Ayatollah Ali Khamenei called the Iraq conflict a "showdown between...

(Adds Austrian finance ministry statement) BERLIN, June 28 (Reuters) - Bavaria is considering legal action against Austria to fend off a demand to help shoulder the costs of cleaning up heavily indebted lender Hypo Alpe Adria HAABIA.UL , Sueddeutsche...

KIEV, June 28 (Reuters) - Three members of the Ukrainian military were killed on Saturday when pro-Russian separatists attacked their post near the eastern flashpoint city of Slaviansk with small arms and mortar fire, a military spokesman said. The...