Wednesday, July 27, 2011

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

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Wednesday, July 27, 2011 12:07 AM PDT
Today's Yahoo! News - Latest News & Headlines:
Boehner delays vote on his debt-ceiling measure
Tue,26 Jul 2011 07:32 PM PDT
AP -

photo Stung by revelations that his plan would cut spending less than advertised, House Speaker John Boehner on Tuesday postponed a vote on a debt-ceiling measure that was already running into opposition from tea party conservatives. The move came just a week before an Aug. 2 deadline for staving off the potential financial chaos of the nation's first-ever default.


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Deal or no deal? US downgrade looking likely
Tue,26 Jul 2011 03:53 PM PDT
AP -

photo Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit?


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Norway police slammed for slow response to rampage
Tue,26 Jul 2011 02:26 PM PDT
AP -

photoWhen Anders Behring Breivik launched his assault on the youth campers of Utoya Island, he expected Norway's special forces to swoop down and stop him at any minute.


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South Korea landslides leaves 17 dead, 3 missing
Tue,26 Jul 2011 10:19 PM PDT
AP -

photo Heavy rain sent landslides barreling through the South Korean capital and a northern town Wednesday, killing 17 and leaving at least three missing, officials said.


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Police: Freestyle Olympic skier kills self in Utah
Tue,26 Jul 2011 11:12 PM PDT
AP -

photo Olympic silver medalist Jeret "Speedy" Peterson was found dead in a remote canyon in Utah in what police are calling a suicide.


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Democrat Rep. David Wu to resign amid allegations
Tue,26 Jul 2011 05:25 PM PDT
AP -

photo Democratic Rep. David Wu of Oregon announced Tuesday that he will resign amid the political fallout from an 18-year-old woman's allegations of an unwanted sexual encounter with him.


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Mexico judge sentences teenage assassin to 3 years
Tue,26 Jul 2011 09:16 PM PDT
AP -

photo A Mexican judge on Tuesday sentenced a teenage U.S. citizen to three years in prison for homicide, kidnapping and drug and weapons possession. Authorities say the teen confessed to killing four people whose beheaded bodies were found suspended from a bridge.


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Ga. mom is spared prison in son's jaywalking death
Tue,26 Jul 2011 07:44 PM PDT
AP - A woman who was arrested after her 4-year-old son was struck and killed by a van as they were jaywalking across a busy street was spared a prison sentence Tuesday following an outcry over her prosecution. Full Story
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McDonald's: Apple slices in every Happy Meal
Tue,26 Jul 2011 06:21 PM PDT
AP -

photo An apple a day may keep the doctor away. But when you put it in a Happy Meal, it might help keep regulators at bay too. McDonald's on Tuesday said that it would add apple slices and reduce the portion of French fries in its children's meal boxes beginning this fall, effectively taking away consumers' current choice between either having apples with caramel dip or fries as a Happy Meal side.


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Braves beat Pirates 4-3 in 19 innings
Tue,26 Jul 2011 11:49 PM PDT
AP -

photo Julio Lugo scored from third base on a contested play at the plate, giving the Atlanta Braves a 4-3 win in 19 innings over the Pittsburgh Pirates early Wednesday morning.


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Obama seeks "Plan B" as debt plans stall
Tue,26 Jul 2011 11:00 PM PDT
Reuters -

photoWASHINGTON (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.


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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
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Is default deadline truly Aug 2? Analysts say no
Tue,26 Jul 2011 11:01 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Will the sky fall on August 2 if the U.S. Congress fails to raise the debt ceiling?


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Analysis: QE3 may do markets more harm than good
Tue,26 Jul 2011 10:54 PM PDT
Reuters -

photoLONDON (Reuters) - There may be a point at which global investors get indigestion from U.S. money printing.


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Amazon revenue, spending surges; stock jumps
Tue,26 Jul 2011 06:01 PM PDT
Reuters -

photoSAN 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.


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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
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Daimler revenues disappoint
Tue,26 Jul 2011 11:29 PM PDT
Reuters -

photoFRANKFURT (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.


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Elizabeth Warren to leave consumer financial agency
Tue,26 Jul 2011 03:38 PM PDT
Reuters -

photoWASHINGTON (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.


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Traumatized Norway tries to return to normality
Tue,26 Jul 2011 07:06 PM PDT
Reuters -

photoOSLO (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.


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Home price rise fails to lift housing gloom
Tue,26 Jul 2011 02:10 PM PDT
Reuters -

photoWASHINGTON (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.


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Special report: Fukushima long ranked most hazardous plant
Tue,26 Jul 2011 02:41 PM PDT
Reuters -

photoTOKYO (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.


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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
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Strauss-Kahn rape case hearing delayed again
Tue,26 Jul 2011 02:18 PM PDT
Reuters -

photoNEW 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.


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Hopes for deal rise as debt fears infect markets
Tue,26 Jul 2011 04:43 PM PDT
Reuters -

photoWASHINGTON (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.


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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
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