Wall Street Week Ahead: Market is oversold, but major signs say "sell"

The U.S. flag hangs outside the New York Stock Exchange

The U.S. flag hangs outside the New York Stock ExchangeNEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further this week as concerns about the financial health of Europe persist. ...


Bahraini activist granted bail but not released

Bahrian

Bahrian's Human Rights Activits, Nabeel Rajab, gives a victory sign during an anti-government protest held in downtown ManamaDUBAI (Reuters) - A Bahraini court granted bail on Sunday to leading activist Nabeel Rajab, who is charged with insulting authorities in the Gulf Arab state, but he is still being held pending trial for a different case, his lawyer said. Bahrain has been in turmoil since a democracy protest movement led by majority Shi'ites erupted last year following successful revolts in Egypt and Tunisia. The government has rejected opposition calls for an elected government and protests and clashes with police continue weekly. ...


Romney, US Sen. Brown play down past connections

FILE - In this Feb. 18, 2010, file photo former Massachusetts Gov. Mitt Romney, left, is announced by Sen. Scott Brown, R, Mass., as he arrives on stage to speak at the Conservative Political Action Conference in Washington. The two Massachusetts Republicans have a history of supporting each other throughout their political careers, but facing tough elections neither is the presidential candidate nor the U.S. senator is playing up that history now, perhaps with good reason. (AP Photo/Cliff Owen, File)

FILE - In this Feb. 18, 2010, file photo former Massachusetts Gov. Mitt Romney, left, is announced by Sen. Scott Brown, R, Mass., as he arrives on stage to speak at the Conservative Political Action Conference in Washington. The two Massachusetts Republicans have a history of supporting each other throughout their political careers, but facing tough elections neither is the presidential candidate nor the U.S. senator is playing up that history now, perhaps with good reason. (AP Photo/Cliff Owen, File)Massachusetts Republicans Mitt Romney and Scott Brown have a history of supporting each other throughout their political careers.


Ruling party in Dominican election seeks four more years

Santo Domingo (Reuters) - Voting is underway in presidential elections in the Dominican Republic where the ruling party candidate Danilo Medina is looking for revenge 12 years after he lost in a landslide to opposition candidate Hipolito Mejia. Most opinion polls appear give him the edge, showing Medina of the ruling Dominican Liberation Party (PLD) leading by a margin of 5 percentage points over Mejia for the opposition Dominican Revolutionary Party (PRD). ...

Factbox: Lockerbie bomber Megrahi dies

(Reuters) - Abdel Basset al-Megrahi, the former Libyan intelligence officer convicted of the 1988 bombing of a Pan Am flight over Lockerbie, Scotland, has died, his brother said. Here are some details about Megrahi: MEGRAHI - RELEASED FROM PRISON: Megrahi was sentenced to life in prison in 2001 for his part in blowing up New York-bound Pan Am Flight 103 in December 1988, killing 259 people on board and 11 people on the ground in Lockerbie, Scotland. Judges ruled in 2003 that he must serve a minimum of 27 years before he could apply for parole. ...