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While U Slept. Big 5 Overnight Stories. Thursday, May 13, 2010

May 13, 2010

SHIFTS IN ‘MURKY’ RELATIONSHIP BETWEEN IRAN AND AL QAEDA Probe finds Shi’ite dominated Iran loosening grip on Sunni-led terror group, with US as common enemy. (AP)

BANKING PROBE WIDENS: FOUR MORE TOP FIRMS UNDER SCRUTINY New reports that federal prosecutors are targeting J.P. Morgan Chase & Co., Citigroup Inc., Deutsche Bank AG and UBS AG for potential fraud, following probes launched of practices at Goldman Sachs Group Inc. and Morgan Stanley. (WSJ)

NEW UK GOVERNMENT GETS DOWN TO BUSINESS, CABINET FINALIZED Cameron and Clegg joke together, cabinet members hail sense of shared purpose, “wonderful feeling” after first meeting that included five Liberal Democratics in Tory-dominated cabinet. (BBC article/video)

POPE IN PORTUGAL LEADS HUGE MASS AT FATIMA IN FACE OF SCANDAL Turn out of half-million at Catholic shrine shows Pope still has strong support among core faithful despite clergy abuse scandal. (AFP)

NEW DETAILS ON ‘MIRACLE’ SURVIVOR OF LIBYAN CRASH, IN STABLE CONDITION Nine-year-old from Tilburg, Netherlands was returning from safari with parents and brother. Was one of 59 Dutch nationals on board, and the only survivor of 104 passengers and crew. Boy’s relatives arrive in Tripoli. (Reuters)

BONUS: BATTLE FOR THE FUTURE OF THE WEB, TWITTER V. FACEBOOK The two platforms are morphing, becoming more alike. The future of human communication may be at stake. (TechCrunch)

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