Daily News Digest: Reuters News Headlines - Yahoo! News

Yahoo! Alerts

Yahoo! News | My Alerts | Edit Alert

Thursday, June 30, 2011 12:16 AM PDT

Today's Reuters News Headlines - Yahoo! News: Obama weighed military and political risk for Afghan plan As QE2 ends, market debates Fed's next move Weak economy shadows Obama even in bright areas Exclusive: S&P to deeply cut U.S. ratings if debt payment missed Defense not the cause of budget deficit: Gates Bank of America expects loss after settlement Asia looks to "friend" Lagarde to honor IMF pledges Star Roger Clemens to hit back against perjury charges Obama call for stimulus may complicate debt talks Cost of war at least $3.7 trillion and counting FDA panel rejects Avastin for breast cancer use New settlement push in CFTC oil manipulation case LSE, TMX abort their merger, leaving both in play Obama wins first appeals court healthcare ruling Exclusive: S&P to deeply cut U.S. ratings if debt payment missed BofA settles on mortgage repurchase claims Analysis - Nationalism casts shadow over Canada after TMX deal Greece backs first austerity package, violence worsens SEC proposes conduct rules for swap dealers Afghan envoy questions central banker resignation Police search Kabul hotel after Taliban attack kills 9 Asia looks to "friend" Lagarde to honor IMF pledges Analysis: Game over for Gaddafi? Maybe, but few venture timeline Obama optimistic on debt deal, end to tax breaks Obama defends record in campaign-style Iowa stop West queries China over Pakistan atom ties Decline in home prices ebbs, consumers gloomy Old osteoporosis drug may help in killing flu viruses Exclusive: U.S., Swiss at impasse on tax dodge accord Dodgers win court approval for $60 million bankruptcy loan Prospects improve Greek austerity plan will pass Microsoft rolls out Office in the cloud Tax standoff blocks progress in debt talks Suicide bombers attack landmark hotel in Afghan capital Lagarde wins IMF top job, presses Greece on crisis BofA near $8.5 billion settlement on securities Madoff judge: Feeder fund investors cannot recover Senate confirms 3 top Justice Department nominees Analysis: Big business scores key Supreme Court term wins Pawlenty hits Obama on "Arab Spring" Obama weighed military and political risk for Afghan plan Wed,29 Jun 2011 10:15 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama's plan for pulling U.S. troops from Afghanistan will intensify risks in the thick of next year's fighting season, but Obama was right to factor in waning support at home for the war, outgoing Defense Secretary Robert Gates told Reuters. Full Story1 Top As QE2 ends, market debates Fed's next move Wed,29 Jun 2011 09:56 PM PDT Reuters - NEW YORK (Reuters) - The Federal Reserve ends its $600 billion bond-buying program, known as QE2, on Thursday and has yet to offer any hints of more monetary easing to come. Full Story1 Top Weak economy shadows Obama even in bright areas Wed,29 Jun 2011 10:22 PM PDT Reuters - WASHINGTON (Reuters) - A bright spot for President Barack Obama in the bleak U.S. economic picture should be that many of the "swing" states crucial to his 2012 re-election bid are weathering the recession relatively well. Full Story1 Top Exclusive: S&P to deeply cut U.S. ratings if debt payment missed Wed,29 Jun 2011 05:37 PM PDT Reuters - NEW YORK (Reuters) - The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters. Full Story1 Top Defense not the cause of budget deficit: Gates Wed,29 Jun 2011 10:39 PM PDT Reuters - WASHINGTON (Reuters) - Military spending is not the cause of the $1.4 trillion U.S. budget deficit, and even a "disastrous" 10 percent cut would only reduce the budget shortfall by some $50 billion -- about 4 percent, Defense Secretary Robert Gates says. Full Story1 Top Bank of America expects loss after settlement Wed,29 Jun 2011 05:11 PM PDT Reuters - CHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corp said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss. Full Story1 Top Asia looks to "friend" Lagarde to honor IMF pledges Wed,29 Jun 2011 05:31 PM PDT Reuters - SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF posts under new chief Christine Lagarde, hopeful she would be the one to make good on oft-heard pledges to give more power to emerging markets. Full Story1 Top Star Roger Clemens to hit back against perjury charges Wed,29 Jun 2011 10:12 PM PDT Reuters - WASHINGTON (Reuters) - As one of the greatest pitchers in baseball history, Roger Clemens had expected to be on the verge of induction into the Hall of Fame now but instead he is focused on staying out of prison, accused of lying about using performance-enhancing drugs. Full Story1 Top Obama call for stimulus may complicate debt talks Wed,29 Jun 2011 03:05 PM PDT Reuters - WASHINGTON (Reuters) - U.S. President Barack Obama called on Wednesday for new steps to spur job growth and tax hikes on the rich, hardening a stance that will likely complicate deficit reduction talks with Republicans. Full Story1 Top Cost of war at least $3.7 trillion and counting Wed,29 Jun 2011 01:28 PM PDT Reuters - NEW YORK (Reuters) - When President Barack Obama cited cost as a reason to bring troops home from Afghanistan, he referred to a $1 trillion price tag for America's wars. Full Story1 Top FDA panel rejects Avastin for breast cancer use Wed,29 Jun 2011 02:44 PM PDT Reuters - SILVER SPRING, Maryland (Reuters) - U.S. health advisers unanimously rejected use of the drug Avastin for breast cancer, dealing a blow to its manufacturer and patients who insisted that the medicine saved their lives. Full Story1 Top New settlement push in CFTC oil manipulation case Wed,29 Jun 2011 09:21 AM PDT Reuters - NEW YORK (Reuters) - One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which a judge will mediate settlement talks, three years after the case was launched. Full Story1 Top LSE, TMX abort their merger, leaving both in play Wed,29 Jun 2011 02:26 PM PDT Reuters - TORONTO/LONDON (Reuters) - The London Stock Exchange's C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover. Full Story1 Top Obama wins first appeals court healthcare ruling Wed,29 Jun 2011 02:15 PM PDT Reuters - WASHINGTON (Reuters) - A U.S. appeals court on Wednesday upheld President Barack Obama's signature healthcare law, handing a victory to the White House by ruling Congress had the power to require that Americans buy insurance. Full Story1 Top Exclusive: S&P to deeply cut U.S. ratings if debt payment missed Wed,29 Jun 2011 11:32 AM PDT Reuters - NEW YORK (Reuters) - The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters. Full Story1 Top BofA settles on mortgage repurchase claims Wed,29 Jun 2011 04:26 AM PDT Reuters - (Reuters) - Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash . Full Story1 Top Analysis - Nationalism casts shadow over Canada after TMX deal Wed,29 Jun 2011 02:17 PM PDT Reuters - TORONTO (Reuters) - When Canada's big banks and pension funds needed sizzle to combat the steak offered by the London Stock Exchange's bid for the Toronto Stock Exchange, they looked only as far as the Canadian flag. Full Story1 Top Greece backs first austerity package, violence worsens Wed,29 Jun 2011 02:31 PM PDT Reuters - ATHENS (Reuters) - Greece approved the first of two austerity measures on Wednesday despite worsening street violence, in a vote vital to winning fresh international aid so it can pay its debts on time and stave off bankruptcy. Full Story1 Top SEC proposes conduct rules for swap dealers Wed,29 Jun 2011 10:34 AM PDT Reuters - WASHINGTON (Reuters) - Swap dealers would need to disclose more information to customers and provide added protection to clients like pension funds and municipalities under new rules proposed by securities regulators on Wednesday. Full Story1 Top Afghan envoy questions central banker resignation Wed,29 Jun 2011 11:52 AM PDT Reuters - WASHINGTON (Reuters) - Afghan President Hamid Karzai's envoy to Washington on Wednesday cast doubt about the motives of the man who pointed a finger at the Afghan government when he stepped down suddenly this week as head of the country's central bank. Full Story1 Top Police search Kabul hotel after Taliban attack kills 9 Wed,29 Jun 2011 12:38 PM PDT Reuters - KABUL (Reuters) - Afghan police sifted through one of Kabul's landmark hotels room by room on Wednesday for any more casualties, securing the building after an overnight assault by Taliban suicide bombers killed eight Afghan civilians and police and a foreigner. Full Story1 Top Asia looks to "friend" Lagarde to honor IMF pledges Wed,29 Jun 2011 02:45 AM PDT Reuters - SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF appointments under newly named chief Chistine Lagarde Wednesday, hopeful she would be the one to make good on oft-heard pledges to swing more power to emerging markets. Full Story1 Top Analysis: Game over for Gaddafi? Maybe, but few venture timeline Wed,29 Jun 2011 08:14 AM PDT Reuters - LONDON, Jun (Reuters) - Military and diplomatic gains by Libyan rebels have cheered NATO allies desperate for signs of movement in a war creating uncomfortable strains on budgets and in popular opinion. Full Story1 Top Obama optimistic on debt deal, end to tax breaks Wed,29 Jun 2011 09:03 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama pressed his case Wednesday that tax cuts for the wealthiest Americans must be ended as part of a deficit deal, which he said he believed Republicans and Democrats would reach. Full Story1 Top Obama defends record in campaign-style Iowa stop Tue,28 Jun 2011 01:11 PM PDT Reuters - BETTENDORF, Iowa (Reuters) - President Barack Obama defended his economic record on Tuesday on a visit to Iowa, reminding voters in a state that could be crucial to his re-election that they helped send him to the White House. Full Story1 Top West queries China over Pakistan atom ties Wed,29 Jun 2011 05:23 AM PDT Reuters - VIENNA (Reuters) - Western nations pressed China at closed-door nuclear talks to provide more information and help address concerns about its plans to expand an atomic energy plant in Pakistan, diplomatic sources said on Wednesday. Full Story1 Top Decline in home prices ebbs, consumers gloomy Tue,28 Jun 2011 03:45 PM PDT Reuters - NEW YORK (Reuters) - The plunge in U.S. home prices showed signs of leveling off in April, but worries about unemployment pushed consumer confidence to a seven-month low in June. Full Story1 Top Old osteoporosis drug may help in killing flu viruses Wed,29 Jun 2011 01:40 AM PDT Reuters - HONG KONG (Reuters) - A old osteoporosis drug may be effective in killing a range of influenza viruses, including ones that are very dangerous to people like the H5N1 bird flu virus, scientists in Hong Kong reported on Wednesday. Full Story1 Top Exclusive: U.S., Swiss at impasse on tax dodge accord Tue,28 Jun 2011 01:23 PM PDT Reuters - NEW YORK/GENEVA (Reuters) - Advanced talks have bogged down on a multibillion-dollar deal between Switzerland and the United States over Swiss banks helping Americans to shield their money from the U.S. taxman, two sources briefed on the matter said Tuesday. Full Story1 Top Dodgers win court approval for $60 million bankruptcy loan Tue,28 Jun 2011 02:38 PM PDT Reuters - WILMINGTON, Delaware (Reuters) - The Los Angeles Dodgers were cleared on Tuesday to borrow $60 million to make payroll, but the team spent its first full day in bankruptcy battling with Major League Baseball. Full Story1 Top Prospects improve Greek austerity plan will pass Tue,28 Jun 2011 04:56 PM PDT Reuters - ATHENS/BRUSSELS (Reuters) - Prospects that Greece would pass an austerity package needed to avoid sovereign default improved on Tuesday when a key deputy added his support, even as street protests turned violent in Athens. Full Story1 Top Microsoft rolls out Office in the cloud Tue,28 Jun 2011 01:14 PM PDT Reuters - SEATTLE (Reuters) - Microsoft Corp made its biggest move into the mobile, Internet-accessible world of "cloud" computing on Tuesday, taking the wraps off a revamped online version of its hugely profitable Office software suite. Full Story1 Top Tax standoff blocks progress in debt talks Tue,28 Jun 2011 02:05 PM PDT Reuters - WASHINGTON (Reuters) - Democrats and Republicans on Tuesday showed no sign of resolving an impasse over taxes that has stalled budget negotiations and could threaten the country's top-notch credit rating. Full Story1 Top Suicide bombers attack landmark hotel in Afghan capital Tue,28 Jun 2011 04:53 PM PDT Reuters - KABUL (Reuters) - Up to seven Taliban fighters, including suicide bombers, attacked a hotel frequented by Westerners in the Afghan capital late on Tuesday, Afghan officials said, before NATO helicopters killed the last three insurgents in a final rooftop battle. Full Story1 Top Lagarde wins IMF top job, presses Greece on crisis Tue,28 Jun 2011 04:41 PM PDT Reuters - WASHINGTON (Reuters) - French Finance Minister Christine Lagarde on Tuesday clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default. Full Story1 Top BofA near $8.5 billion settlement on securities Tue,28 Jun 2011 03:41 PM PDT Reuters - NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a source familiar with the process said on Tuesday. Full Story1 Top Madoff judge: Feeder fund investors cannot recover Tue,28 Jun 2011 03:16 PM PDT Reuters - NEW YORK (Reuters) - Investors in "feeder funds" who lost money in Bernard Madoff's Ponzi scheme do not qualify as customers of the now-imprisoned swindler, a federal bankruptcy judge ruled on Tuesday. Full Story1 Top Senate confirms 3 top Justice Department nominees Tue,28 Jun 2011 11:06 AM PDT Reuters - WASHINGTON (Reuters) - The Democratic-led Senate on Tuesday confirmed three of President Barack Obama's senior Justice Department nominees, including long-stalled Deputy Attorney General James Cole, who drew broad Republican opposition. Full Story1 Top Analysis: Big business scores key Supreme Court term wins Tue,28 Jun 2011 12:15 PM PDT Reuters - WASHINGTON (Reuters) - Giant retailer Wal-Mart Inc, telecommunications company AT&T Inc and coal power companies came out the big winners in the U.S. Supreme Court's just-ended term that rejected large lawsuits against them. Full Story1 Top Pawlenty hits Obama on "Arab Spring" Tue,28 Jun 2011 12:23 PM PDT Reuters - NEW YORK (Reuters) - Republican presidential candidate Tim Pawlenty accused President Barack Obama on Tuesday of a timid and incoherent response to the "Arab Spring" uprisings against autocratic rulers across the Middle East and North Africa. Full Story1 Top

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.