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Wednesday, July 27, 2011 12:03 AM PDT

Today's Reuters News Headlines - Yahoo! News: Obama seeks "Plan B" as debt plans stall Oslo station partly evacuated due suspicious suitcase Is default deadline truly Aug 2? Analysts say no Analysis: QE3 may do markets more harm than good Amazon revenue, spending surges; stock jumps S&P warns against prioritizing debt payments: report Daimler revenues disappoint Elizabeth Warren to leave consumer financial agency Traumatized Norway tries to return to normality Home price rise fails to lift housing gloom Special report: Fukushima long ranked most hazardous plant Utah police identify mystery jail inmate Strauss-Kahn rape case hearing delayed again Hopes for deal rise as debt fears infect markets No bail for Florida imam accused of aiding Taliban Americans back mixed solution for debt crisis: Reuters/Ipsos poll Traumatized Norway tries to return to normality Amazon revenue surges, stock jumps Is default deadline truly Aug 2? Analysts say no Ford profits despite economy, rising costs U.S. likely to lose top rating: economists Magnitude 6.0 earthquake off Baja California, Mexico: USGS IMF chief urges U.S. to immediately resolve debt spat Spain, Italy debt sales show euro zone relief fading Oregon lawmaker to resign over sex scandal Soros to return outsiders' hedge fund money Moroccan military plane crash kills 78: military Greece hopes for quick debt swap in August Strauss-Kahn's accuser: Schemer or immigrant survivor? Saudi billionaire backs News Corp structure: report New home sales fall in June, prices rise U.S. trucking funds end up in Taliban hands Credit Suisse may cut up to 2,000 jobs: report Back to business for NFL as labor dispute settled CME acts to curb volatile Treasury futures Daily Mail says no published stories based on hacking Debt fears haunt Fiat's grand Chrysler plan Back to business for NFL as labor dispute settled Norway mass killer jeered on way to court hearing Exclusive: Fed president hints at broad money-market fix Obama seeks "Plan B" as debt plans stall Tue,26 Jul 2011 11:00 PM PDT Reuters - WASHINGTON (Reuters) - A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, piling anxiety onto investors and ordinary Americans hoping for a late compromise to avoid a crippling debt default. Full Story Top Oslo station partly evacuated due suspicious suitcase Tue,26 Jul 2011 11:38 PM PDT Reuters - OSLO (Reuters) - Parts of Oslo's central train station were evacuated early on Wednesday after a suspicious suitcase was discovered, and police were investigating, Norwegian news agency NTB said. Full Story Top Is default deadline truly Aug 2? Analysts say no Tue,26 Jul 2011 11:01 PM PDT Reuters - WASHINGTON (Reuters) - Will the sky fall on August 2 if the U.S. Congress fails to raise the debt ceiling? Full Story Top Analysis: QE3 may do markets more harm than good Tue,26 Jul 2011 10:54 PM PDT Reuters - LONDON (Reuters) - There may be a point at which global investors get indigestion from U.S. money printing. Full Story Top Amazon revenue, spending surges; stock jumps Tue,26 Jul 2011 06:01 PM PDT Reuters - SAN FRANCISCO (Reuters) - Amazon.com Inc will use its surging revenue to boost growth and drive expansion into areas such as Web content and cloud computing rather than boost its margins. Full Story Top S&P warns against prioritizing debt payments: report Tue,26 Jul 2011 07:31 PM PDT Reuters - NEW YORK (Reuters) - Prioritizing debt payments to avoid a default would be "deeply disruptive" to the economy, Standard & Poor's global head of sovereign ratings said in an interview with CNBC on Tuesday. Full Story Top Daimler revenues disappoint Tue,26 Jul 2011 11:29 PM PDT Reuters - FRANKFURT (Reuters) - German car and truck maker Daimler's second quarter revenues fell short of expectations, indicating that demand for cars in emerging markets may be starting to cool. Full Story Top Elizabeth Warren to leave consumer financial agency Tue,26 Jul 2011 03:38 PM PDT Reuters - WASHINGTON (Reuters) - Elizabeth Warren, the law professor who persuaded the Obama administration to create the Consumer Financial Protection Bureau, will step down on August 1 from her role setting up the controversial new regulator, the Treasury said on Tuesday. Full Story Top Traumatized Norway tries to return to normality Tue,26 Jul 2011 07:06 PM PDT Reuters - OSLO (Reuters) - A Norwegian cabinet minister will make a symbolic return on Wednesday to her bomb-damaged office as the nation tries to restore some normality after the massacre by a right-winger whose lawyer believes is insane. Full Story Top Home price rise fails to lift housing gloom Tue,26 Jul 2011 02:10 PM PDT Reuters - WASHINGTON (Reuters) - Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties. Full Story Top Special report: Fukushima long ranked most hazardous plant Tue,26 Jul 2011 02:41 PM PDT Reuters - TOKYO (Reuters) - Japan's Fukushima Daiichi nuclear plant ranked as one of the most dangerous in the world for radiation exposure years before it was destroyed by the meltdowns and explosions that followed the March 11 earthquake. Full Story Top Utah police identify mystery jail inmate Tue,26 Jul 2011 07:12 PM PDT Reuters - SALT LAKE CITY (Reuters) - Police in Utah identified a mystery man on Tuesday who was arrested on minor charges and sat in a jail under the name "John Doe" for over three weeks because he would not reveal his true identity. Full Story Top Strauss-Kahn rape case hearing delayed again Tue,26 Jul 2011 02:18 PM PDT Reuters - NEW YORK (Reuters) - The court date in the attempted rape case of former IMF boss Dominique Strauss-Kahn has been postponed to August 23, his lawyers said on Tuesday, adding they hope charges will be dismissed by that date. Full Story Top Hopes for deal rise as debt fears infect markets Tue,26 Jul 2011 04:43 PM PDT Reuters - WASHINGTON (Reuters) - A glimmer of hope emerged on Tuesday for a compromise to break the deadlock over the U.S. debt limit as corporate America and the public betrayed growing nervousness over the risks of a credit downgrade and default. Full Story Top No bail for Florida imam accused of aiding Taliban Tue,26 Jul 2011 01:10 PM PDT Reuters - MIAMI (Reuters) - A federal judge in Miami denied bail on Tuesday to a young Muslim cleric arrested in May on charges of financing and supporting the Pakistani Taliban. Full Story Top Americans back mixed solution for debt crisis: Reuters/Ipsos poll Tue,26 Jul 2011 12:57 PM PDT Reuters - WASHINGTON (Reuters) - Americans overwhelmingly are concerned about the U.S. debt crisis and a majority backs the type of compromise pushed by President Barack Obama, a Reuters/Ipsos poll found on Tuesday. Full Story Top Traumatized Norway tries to return to normality Tue,26 Jul 2011 04:35 PM PDT Reuters - OSLO (Reuters) - A Norwegian cabinet minister will make a symbolic return on Wednesday to her bomb-damaged office as the nation tries to restore some normality after the massacre perpetrated by a right-winger who his lawyer believes is insane. Full Story Top Amazon revenue surges, stock jumps Tue,26 Jul 2011 02:55 PM PDT Reuters - SAN FRANCISCO (Reuters) - Amazon.com Inc reported a surge in quarterly revenue on sales of its kindle electronic reader and other electronics and forecast far better-than-expected revenue for the current quarter, sending its shares up more than 6 percent. Full Story Top Is default deadline truly Aug 2? Analysts say no Tue,26 Jul 2011 04:19 PM PDT Reuters - WASHINGTON (Reuters) - Will the sky fall on August 2 if the U.S. Congress fails to raise the debt ceiling? Full Story Top Ford profits despite economy, rising costs Tue,26 Jul 2011 10:29 AM PDT Reuters - DEARBORN, Michigan (Reuters) - Ford Motor Co's profit held up well in a second quarter marked by the impact of Japan's earthquake, the shaky U.S. economy and high commodity costs, but the automaker remained cautious about consumer demand going forward. Full Story Top U.S. likely to lose top rating: economists Tue,26 Jul 2011 12:11 PM PDT Reuters - WASHINGTON/LONDON (Reuters) - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. Full Story Top Magnitude 6.0 earthquake off Baja California, Mexico: USGS Tue,26 Jul 2011 11:17 AM PDT Reuters - WASHINGTON (Reuters) - A strong 6.0 magnitude earthquake occurred in the Sea of Cortez off Baja California, 60 miles east of La Paz, Mexico, the U.S. Geological Survey reported on Tuesday. Full Story Top IMF chief urges U.S. to immediately resolve debt spat Tue,26 Jul 2011 05:39 AM PDT Reuters - NEW YORK (Reuters) - IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy. Full Story Top Spain, Italy debt sales show euro zone relief fading Tue,26 Jul 2011 09:24 AM PDT Reuters - MADRID/ROME (Reuters) - Spain and Italy paid a high price to sell short-term debt on Tuesday, compounding investors' concern that last week's bailout package for Greece left the euro zone's debt crisis unresolved. Full Story Top Oregon lawmaker to resign over sex scandal Tue,26 Jul 2011 03:24 PM PDT Reuters - PORTLAND, Ore (Reuters) - Oregon Democratic Congressman David Wu, accused of an unwanted sexual encounter with a campaign donor's teenage daughter, said on Tuesday he will resign his seat to defend himself against "these very serious allegations." Full Story Top Soros to return outsiders' hedge fund money Tue,26 Jul 2011 01:34 PM PDT Reuters - BOSTON (Reuters) - Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous. Full Story Top Moroccan military plane crash kills 78: military Tue,26 Jul 2011 07:27 AM PDT Reuters - RABAT (Reuters) - At least 78 people were killed on Tuesday when a Moroccan military transport plane crashed into a mountain in the south of the country during bad weather, the military said in a statement carried by the state news agency. Full Story Top Greece hopes for quick debt swap in August Tue,26 Jul 2011 05:00 AM PDT Reuters - ATHENS (Reuters) - Greece wants a voluntary swap of government bonds for longer maturity paper to start in August and be completed fast to emerge rapidly from an expected default rating, its deputy finance minister said on Tuesday. Full Story Top Strauss-Kahn's accuser: Schemer or immigrant survivor? Tue,26 Jul 2011 08:42 AM PDT Reuters - NEW YORK (Reuters) - First she was portrayed as a model of virtue who was violated by a rich and powerful man. Full Story Top Saudi billionaire backs News Corp structure: report Mon,25 Jul 2011 04:17 PM PDT Reuters - LONDON (Reuters) - News Corp's major shareholder Prince Alwaleed bin Tala has rebuffed calls to change the company's dual-class structure or leadership, the Financial Times reported in its Tuesday edition. Full Story Top New home sales fall in June, prices rise Tue,26 Jul 2011 07:11 AM PDT Reuters - WASHINGTON (Reuters) - New single-family home sales unexpectedly fell in June, but a sharp rise in prices and declining supply suggested the market for new houses was starting to stabilize, a government report showed on Tuesday. Full Story Top U.S. trucking funds end up in Taliban hands Mon,25 Jul 2011 03:35 PM PDT Reuters - WASHINGTON (Reuters) - Cash from part of a $2.16 billion U.S. transportation contract in Afghanistan has ended up in the hands of Taliban insurgents, the Pentagon said on Monday. Full Story Top Credit Suisse may cut up to 2,000 jobs: report Mon,25 Jul 2011 11:33 PM PDT Reuters - ZURICH (Reuters) - Credit Suisse will likely announce cost savings measures including a cut of 1,500-2,000 jobs, a Swiss paper reported on Tuesday, without naming any sources. Full Story Top Back to business for NFL as labor dispute settled Tue,26 Jul 2011 02:38 AM PDT Reuters - NEW YORK (Reuters) - The National Football League (NFL) and its players ended their months-long row over how to carve up their financial empire Monday by agreeing to a multi-billion dollar, 10-year deal. Full Story Top CME acts to curb volatile Treasury futures Mon,25 Jul 2011 07:22 PM PDT Reuters - NEW YORK (Reuters) - The CME Group has made it more expensive to trade Treasury futures in an effort to curb market swings created by growing fears of a government default. Full Story Top Daily Mail says no published stories based on hacking Tue,26 Jul 2011 12:34 AM PDT Reuters - LONDON (Reuters) - UK newspaper group Daily Mail & General Trust has not published any stories based on hacked messages, its chief executive said, as rival News Corp battles a phone-hacking crisis at its now defunct News of the World tabloid. Full Story Top Debt fears haunt Fiat's grand Chrysler plan Tue,26 Jul 2011 11:35 AM PDT Reuters - MILAN (Reuters) - Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday as the Italian carmaker moved a step closer toward a full merger with Chrysler Group LLC by outlining plans for a single management team. Full Story Top Back to business for NFL as labor dispute settled Mon,25 Jul 2011 02:18 PM PDT Reuters - NEW YORK (Reuters) - The National Football League (NFL) and its players ended their months-long row over how to carve up their financial empire Monday by agreeing to a multi-billion dollar, 10-year deal. Full Story Top Norway mass killer jeered on way to court hearing Mon,25 Jul 2011 06:34 AM PDT Reuters - OSLO (Reuters) - Anders Behring Breivik, who killed at least 93 people in a bomb attack and shooting rampage in Norway, arrived at an Oslo courtroom for a closed custody hearing on Monday to jeers from an angry crowd. Full Story Top Exclusive: Fed president hints at broad money-market fix Mon,25 Jul 2011 05:01 PM PDT Reuters - BOSTON (Reuters) - A senior Federal Reserve official is prescribing sweeping medicine to stabilize the $2.5 trillion money market mutual fund industry, which would be rattled by potential downgrades of the government securities that are among its key holdings. Full Story Top

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