Muslim Brotherhood's candidate wins Egypt election
WASHINGTON (MarketWatch) - The Muslim Brotherhood's Mohamed Morsi has won the first democratic presidential election in Egypt, the Egyptian election commission announced Sunday. Morsi defeated former prime minister Ahmed Shafiq by about a million votes out of 26 million total votes cast. Morsi will be the Arab world's first Islamist head of state. Thousands erupted in celebration in Cairo's Tahrir Square.