Wednesday, June 29, 2011

Daily News Digest: Yahoo! News - Latest News & Headlines

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Wednesday, June 29, 2011 12:00 AM PDT
Today's Yahoo! News - Latest News & Headlines:
Los Alamos nuclear lab under siege from wildfire
Tue,28 Jun 2011 10:27 PM PDT
AP -

photoA wildfire burning near the desert birthplace of the atomic bomb advanced on the Los Alamos laboratory and thousands of outdoor drums of plutonium-contaminated waste Tuesday as authorities stepped up efforts to protect the site from flames and monitor the air for radiation.


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Kabul police: 10 Afghans killed in hotel attack
Tue,28 Jun 2011 11:15 PM PDT
AP -

photo When NATO helicopters fired rockets and Afghan forces rushed gunmen on the rooftop of a besieged Kabul hotel early Wednesday, it appeared that the four-hour standoff with heavily armed Taliban fighters that killed 10 Afghan civilians â€" mostly hotel workers â€" was over.


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Coburn, Lieberman seek to raise Medicare age to 67
Tue,28 Jun 2011 02:36 PM PDT
AP -

photo Two Senate rebels jumped into Congress' cut-the-deficit competition on Tuesday, proposing to raise the age of Medicare eligibility to 67 and increase monthly premiums for millions of current beneficiaries.


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Egypt: Security forces clash with Cairo protesters
Tue,28 Jun 2011 07:18 PM PDT
AP -

photo Egyptian security forces firing tear gas clashed with more than 5,000 rock-throwing protesters in central Cairo late Tuesday, leaving dozens injured in the latest unrest to rattle the country, witnesses and medical officials said.


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Calif. lawmakers close deficit on rosy projections
Tue,28 Jun 2011 11:23 PM PDT
AP -

photo Exercising their new majority-vote authority, California Democrats on Tuesday closed the remainder of what had been a gaping budget deficit by relying on a combination of deep spending cuts, optimistic revenue projections and new fees that are sure to be challenged in court.


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More anti-austerity protests planned in Greece
Tue,28 Jun 2011 11:03 PM PDT
AP -

photo Greece's Parliament votes Wednesday on whether to adopt more painful austerity measures â€" a condition for bailout funds needed to prevent a potentially disastrous default â€" and more anti-government protests and rioting are expected in Athens.


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Chavez back on TV, but still no info on health
Tue,28 Jun 2011 11:01 PM PDT
AP -

photo Hugo Chavez has reappeared in photos and videos on state television, chatting with Fidel Castro in Cuba after a prolonged seclusion following surgery that has left Venezuelans guessing about their president's health.


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Pawlenty criticizes Obama, GOP on foreign policy
Tue,28 Jun 2011 02:21 PM PDT
AP -

photo Republican presidential candidate Tim Pawlenty is calling on Republicans to resist "isolationist sentiments" he said would endanger U.S. interests around the world.


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6 young illegal immigrants arrested in Ga. protest
Tue,28 Jun 2011 03:42 PM PDT
AP -

photo Six young illegal immigrants were arrested Tuesday after they sat down and blocked traffic near the Georgia state Capitol to publicly declare their status and to protest state policies targeting people who are in the U.S. illegally, the latest in a string of such "coming out" events in Georgia and other parts of the country.


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Red Sox shut out by Lee in 5-0 loss to Phillies
Tue,28 Jun 2011 08:10 PM PDT
AP -

photo Perhaps Big Papi can help the suddenly slumping Boston Red Sox.


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BofA near $8.5 billion settlement on securities
Tue,28 Jun 2011 05:15 PM PDT
Reuters -

photoCHARLOTTE, N.C./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 person familiar with the matter said on Tuesday.


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Obama defends record in campaign-style Iowa stop
Tue,28 Jun 2011 01:11 PM PDT
Reuters -

photoBETTENDORF, 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.


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Police search Kabul hotel after Taliban attack kills 10
Tue,28 Jun 2011 11:12 PM PDT
Reuters -

photoKABUL (Reuters) - Afghan police sifted through one of Kabul's landmark hotels room by room on Wednesday for any more casualties or security threats after an overnight assault by Taliban suicide bombers killed 10 Afghan civilians and police.


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Asia looks to "friend" Lagarde to honor IMF
Tue,28 Jun 2011 11:23 PM PDT
Reuters -

photoSINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF appointments under newly named chief Christine Lagarde on Wednesday, hopeful she would be the one to make good on oft-heard pledges to swing more power to emerging markets.


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Prospects improve Greek austerity plan will pass
Tue,28 Jun 2011 04:56 PM PDT
Reuters -

photoATHENS/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.


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SEC to propose conduct rules for swap dealers
Tue,28 Jun 2011 09:28 PM PDT
Reuters - WASHINGTON (Reuters) - Securities regulators are poised on Wednesday to propose rules for how swap dealers interact with their customers, in a move designed to manage risk and protect clients from abusive practices. Full Story1
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Tax standoff blocks progress in debt talks
Tue,28 Jun 2011 06:47 PM PDT
Reuters -

photoWASHINGTON (Reuters) - U.S. 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.


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Dodgers win court approval for $60 million bankruptcy loan
Tue,28 Jun 2011 02:38 PM PDT
Reuters -

photoWILMINGTON, 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.


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Decline in home prices ebbs, consumers gloomy
Tue,28 Jun 2011 03:45 PM PDT
Reuters -

photoNEW 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.


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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
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Microsoft rolls out Office in the cloud
Tue,28 Jun 2011 01:14 PM PDT
Reuters -

photoSEATTLE (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.


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Tax standoff blocks progress in debt talks
Tue,28 Jun 2011 02:05 PM PDT
Reuters -

photoWASHINGTON (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.


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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
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Lagarde wins IMF top job, presses Greece on crisis
Tue,28 Jun 2011 04:41 PM PDT
Reuters -

photoWASHINGTON (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.


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BofA near $8.5 billion settlement on securities
Tue,28 Jun 2011 03:41 PM PDT
Reuters -

photoNEW 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.


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