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Thursday, June 30, 2011 12:06 AM PDT

Today's Yahoo! News - Latest News & Headlines: 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 Jihadist web forum knocked off Internet Federal officials release college cost comparisons Study suggests UN force brought cholera to Haiti Will, Kate off to Canada, US in first tour Obama reaps victory as judges uphold health law Confrontational Obama rebukes GOP on debt talks Public money puts Republican Bachmann on defensive Defense in Casey Anthony case ready to wrap up Javier Colon wins NBC's singing show 'The Voice' Clemens wants to show evidence accuser raped woman 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 Jihadist web forum knocked off Internet Wed,29 Jun 2011 09:43 PM PDT AP - A popular jihadist Internet forum has been knocked off the Internet, and counterterrorism experts say it appears it was hacked. Full Story1 Top Federal officials release college cost comparisons Wed,29 Jun 2011 09:46 PM PDT AP - Looking for a college bargain? Try any of nine University of Puerto Rico campuses, where annual tuition hovers at or below $2,000. Full Story1 Top Study suggests UN force brought cholera to Haiti Wed,29 Jun 2011 11:19 PM PDT AP - Evidence "strongly suggests" that a United Nations peacekeeping mission brought a cholera strain to Haiti that has killed thousands of people, a study by a team of epidemiologists and physicians says. Full Story1 Top Will, Kate off to Canada, US in first tour Wed,29 Jun 2011 10:50 PM PDT AP - Prince William and Kate arrive in Canada on Thursday for their first official overseas trip since their wedding, in a visit that is expected to draw record-numbers of star-struck crowds and well-wishers hoping to catch a glimpse of the royal couple. Full Story1 Top Obama reaps victory as judges uphold health law Wed,29 Jun 2011 10:12 PM PDT AP - In the first ruling by a federal appeals court on President Barack Obama's health care overhaul, a panel in Cincinnati handed the administration a victory Wednesday by agreeing that the government can require a minimum amount of insurance for Americans. Full Story1 Top Confrontational Obama rebukes GOP on debt talks Wed,29 Jun 2011 10:10 PM PDT AP - In a blistering rebuke of Republicans, President Barack Obama on Wednesday pressed lawmakers to accept tax increases as part of a deal to cut the nation's deficits and avoid a crippling government default. "Let's get it done," Obama challenged, chiding Congress for frequent absences from Washington. Full Story1 Top Public money puts Republican Bachmann on defensive Wed,29 Jun 2011 10:19 PM PDT AP - As Rep. Michele Bachmann tours the country criticizing government as too big and too expensive, the Republican presidential candidate has come under mounting scrutiny over public dollars flowing to family business interests. Full Story1 Top Defense in Casey Anthony case ready to wrap up Wed,29 Jun 2011 10:18 PM PDT AP - Casey Anthony's father broke into tears Wednesday when telling jurors about his suicide attempt some six weeks after his granddaughter's body was found, undercutting defense claims that the girl was not slain by her mother but accidentally drowned and that he helped cover it up. Full Story1 Top Javier Colon wins NBC's singing show 'The Voice' Wed,29 Jun 2011 10:17 PM PDT AP - Soulful crooner Javier Colon was crowned the inaugural winner of "The Voice," NBC's new singing contest. Full Story1 Top Clemens wants to show evidence accuser raped woman Wed,29 Jun 2011 09:49 PM PDT AP - Baseball star Roger Clemens is arguing he should be allowed to introduce evidence during his upcoming steroid trial that the leading witness against him raped an unconscious woman and lied to police investigating the assault. Full Story1 Top

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