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Tuesday, July 26, 2011 12:06 AM PDT

Today's Yahoo! News - Latest News & Headlines: Obama: Halt '3-ring-circus,' avert US default Norway rampage culprit held in isolation AP-GfK Poll: Worries about debt rising once again Accord by NFL players, owners ends 18-week lockout Wealth gap widens between whites, minorities Libyan government shows reporters NATO bomb sites Pawlenty says Bachmann gets her facts on him wrong Democrat David Wu won't seek re-election to House Pot backers get approval for CA ballot petitions Seattle loses 16th in a row, 10-3 to Yankees Lawmakers deadlocked over debt deal as default looms Norway mass killer jeered on way to court hearing CME acts to curb volatile Treasury futures Back to business for NFL as labor dispute settled Saudi billionaire backs News Corp structure: report Greek debt swap process to start in August: deputy finmin U.S. trucking funds end up in Taliban hands Credit Suisse may cut up to 2,000 jobs: report Chrysler set to outpace Fiat, merger seen closer Exclusive: Fed president hints at broad money-market fix Moody's warns Greek default almost certain Strauss-Kahn's accuser: Schemer or immigrant survivor? Chrysler and union aim for deal without arbitration Airlines raise fares as taxes lapse Amid dueling debt plans, Obama to address nation Obama: Halt '3-ring-circus,' avert US default Mon,25 Jul 2011 07:11 PM PDT AP - In unprecedented back-to-back appearances on nationwide television, President Barack Obama and House Speaker John Boehner clashed Monday night over the cause and cure for the nation's debt crisis. The two men spoke as Congress remained gridlocked on legislation to avert a threatened default after Aug. 2. Full Story Top Norway rampage culprit held in isolation Mon,25 Jul 2011 10:06 PM PDT AP - The self-described perpetrator of Norway's deadly bombing and shooting rampage was ordered held in solitary confinement Monday after calmly telling a court that two other cells of collaborators stood ready to join his murderous campaign. Full Story Top AP-GfK Poll: Worries about debt rising once again Mon,25 Jul 2011 12:04 PM PDT AP - Just last fall, Americans were feeling better about their personal finances. Now they're starting to worry more about how they'll pay off debts as they feel the nation's economic recovery wobbling. Full Story Top Accord by NFL players, owners ends 18-week lockout Mon,25 Jul 2011 06:20 PM PDT AP - After months of public nastiness and private negotiations, of court filings and rulings, of players and owners squabbling over more than $9 billion a year, NFL fans finally saw the handshake and heard the words they awaited: "Football's back." Full Story Top Wealth gap widens between whites, minorities Mon,25 Jul 2011 09:12 PM PDT AP - The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data. Full Story Top Libyan government shows reporters NATO bomb sites Mon,25 Jul 2011 02:57 PM PDT AP - The Libyan government showed foreign journalists on Monday a destroyed flu clinic and food warehouses it said had been hit earlier in the day by NATO airstrikes, killing eight people. Full Story Top Pawlenty says Bachmann gets her facts on him wrong Mon,25 Jul 2011 05:42 PM PDT AP - Call it the Minnesota feud — Iowa style. The simmering rivalry between Republican presidential candidates Tim Pawlenty and Michele Bachmann spilled out onto the campaign trail Monday as the two Minnesotans campaigned in the leadoff caucus state three weeks before a test vote by Iowa Republicans that could hinder or help their presidential bid. Full Story Top Democrat David Wu won't seek re-election to House Mon,25 Jul 2011 04:29 PM PDT AP - Rep. David Wu, facing an accusation of an unwanted sexual encounter with an 18-year-old woman and a request for an investigation by the House Ethics Committee, will not seek re-election next year and was pondering whether he would complete his term, a spokesman for the Oregon Democrat said Monday. Full Story Top Pot backers get approval for CA ballot petitions Mon,25 Jul 2011 04:53 PM PDT AP - Supporters of legalizing recreational marijuana will try to win over California voters again next year, after the secretary of state's office on Monday cleared them to begin circulating ballot petitions. Full Story Top Seattle loses 16th in a row, 10-3 to Yankees Mon,25 Jul 2011 09:55 PM PDT AP - Conan O'Brien's show was blaring on the TVs in the visitors' clubhouse after another loss, yet there was little laughter. The late night host can take heart, though. There's only one thing that can lift the Mariners' mood right now. Full Story Top Lawmakers deadlocked over debt deal as default looms Mon,25 Jul 2011 10:00 PM PDT Reuters - WASHINGTON (Reuters) - The United States edged closer on Tuesday to a devastating default as Republicans and Democrats deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act. 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 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 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 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 Greek debt swap process to start in August: deputy finmin Mon,25 Jul 2011 11:39 PM PDT Reuters - ATHENS (Reuters) - Procedures for a voluntary swap of privately-held Greek government bonds for longer maturity paper will start in August, Greece's deputy finance minister said 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 Chrysler set to outpace Fiat, merger seen closer Mon,25 Jul 2011 10:16 PM PDT Reuters - MILAN (Reuters) - Strong U.S. sales for Chrysler and growth in Brazil will help offset a weak European market for Fiat SpA, combined financial results are set to show on Tuesday as the two car makers move closer toward a full merger. 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 Moody's warns Greek default almost certain Mon,25 Jul 2011 10:31 AM PDT Reuters - ATHENS (Reuters) - Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package. Full Story Top Strauss-Kahn's accuser: Schemer or immigrant survivor? Mon,25 Jul 2011 12:01 PM 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 Chrysler and union aim for deal without arbitration Mon,25 Jul 2011 12:12 PM PDT Reuters - AUBURN HILLS, Michigan (Reuters) - Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday. Full Story Top Airlines raise fares as taxes lapse Mon,25 Jul 2011 01:29 PM PDT Reuters - ATLANTA (Reuters) - Many U.S. airlines have raised fares in recent days to take advantage of a lapse in U.S. ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers are not likely to notice any price difference. Full Story Top Amid dueling debt plans, Obama to address nation Mon,25 Jul 2011 03:54 PM PDT Reuters - WASHINGTON (Reuters) - Top U.S. lawmakers dueled with diverging debt plans on Monday that offered little compromise and raised the threat of a ratings downgrade and national default as President Barack Obama prepared to address Americans on the impasse. Full Story Top

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