Thursday, July 28, 2011

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Thursday, July 28, 2011 12:07 AM PDT
Today's Yahoo! News - Latest News & Headlines:
Hope for debt deal, despite disputes, veto threat
Wed,27 Jul 2011 09:11 PM PDT
AP -

photo Crisis concerns rising, House Republican leaders shrugged off a White House veto threat and an outbreak of tensions within their own party Wednesday as they built support for legislation to stave off the government default threatened for next week. Worried Wall Street sent stocks plunging on fears that political gridlock would prevail.


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Democrats say Obama should invoke 14th Amendment
Wed,27 Jul 2011 01:05 PM PDT
AP -

photo House Democrats said Wednesday that President Barack Obama should invoke a little-known constitutional provision to prevent the nation from going into default if Congress fails to come up with a plan to raise the debt ceiling.


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Norway PM: After attacks, make country more open
Wed,27 Jul 2011 02:41 PM PDT
AP -

photo Norway will never be the same after last week's bombing and mass shooting but it shouldn't change the way the suspect wants it to, the prime minister said Wednesday. He called on his country to react by more tightly embracing, rather than abandoning, the culture of tolerance that Anders Behring Breivik said he was trying to destroy.


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Foreclosure activity down in most US metro areas
Wed,27 Jul 2011 09:16 PM PDT
AP - Most of the nation's largest metropolitan areas are seeing a sharp drop in foreclosure activity as banks take longer to move against homeowners who are behind on their mortgage payments. Full Story
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Romney looks past primary, campaigns against Obama
Wed,27 Jul 2011 03:35 PM PDT
AP -

photo Forget his GOP primary opponents. Republican front-runner Mitt Romney is focused on a match-up against President Barack Obama.


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Rural US disappearing? Population share hits low
Wed,27 Jul 2011 09:08 PM PDT
AP -

photo Rural America now accounts for just 16 percent of the nation's population, the lowest ever.


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New al-Qaida chief praises Syrian protesters
Wed,27 Jul 2011 02:57 PM PDT
AP -

photo Al-Qaida's new leader praised Syrian protesters seeking to topple the regime of President Bashar Assad while trying to portray the uprising as an Islamic battle against American and Israeli interests.


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Girl gets charity wish met after death in crash
Wed,27 Jul 2011 05:08 PM PDT
AP -

photo In honor of her 9th birthday, Rachel Beckwith asked friends and family to donate money to bring clean water to an African village. Rachel was close to meeting her goal of raising $300 when she died last week after a car accident.


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Pesci sues over Gotti biopic role; claims disputed
Wed,27 Jul 2011 10:06 PM PDT
AP -

photo Joe Pesci claims the makers of a biopic on the Gotti family have made him an offer he can refuse — a lesser part in the movie and a $2 million salary cut.


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McNabb heading to Vikings, Holmes stays home
Wed,27 Jul 2011 10:11 PM PDT
AP -

photoDonovan McNabb's time in Washington is over after only a year.


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Lawmakers seek compromise on debt deal
Wed,27 Jul 2011 09:25 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Top Republicans and Democrats worked behind the scenes on Wednesday on a compromise to avert a crippling U.S. default, looking to salvage a last-minute deal from rival debt plans that have little chance of winning congressional approval on their own.


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Visa rolls out new fee program
Wed,27 Jul 2011 06:51 PM PDT
Reuters -

photoCHARLOTTE, North Carolina (Reuters) - Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.


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Strauss-Kahn accuser meets with prosecutors
Wed,27 Jul 2011 10:14 PM PDT
Reuters -

photoNEW YORK (Reuters) - The hotel maid who accused former International Monetary Fund Managing Director Dominique Strauss-Kahn of sexually assaulting her met with prosecutors on Wednesday for several hours to discuss details of the case.


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Exclusive: Facing criticism, MERS cuts role in foreclosures
Wed,27 Jul 2011 01:52 PM PDT
Reuters -

photoNEW YORK (Reuters) - MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.


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Hyundai Motor profit beats forecast on record vehicle
Wed,27 Jul 2011 10:38 PM PDT
Reuters -

photoSEOUL (Reuters) - Hyundai Motor posted a 37 percent gain in quarterly net profit on Thursday, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake.


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Credit Suisse to cut jobs as Q2 sags on poor trading
Wed,27 Jul 2011 10:56 PM PDT
Reuters -

photoZURICH (Reuters) - Swiss bank Credit Suisse said it would cut about 2,000 jobs as it reported second-quarter net profit that missed expectations, dented by weak trading activity and the strong Swiss franc.


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Lawmaker probing if Treasury meddled in S&P rating
Wed,27 Jul 2011 05:09 PM PDT
Reuters - WASHINGTON (Reuters) - A congressional panel is examining whether the Obama administration tried to unduly influence Standard & Poor's before the credit rater revised its outlook on the debt rating to negative. Full Story
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Obama to announce new fuel economy standards Friday
Wed,27 Jul 2011 09:39 PM PDT
Reuters -

photoWASHINGTON/DETROIT (Reuters) - The Obama administration has reached a compromise with automakers on a new fuel economy target for cars and trucks, ending months of negotiations on this pivotal mandate for the auto industry.


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James Murdoch faces BSkyB board, doubts about role
Wed,27 Jul 2011 04:00 PM PDT
Reuters -

photoLONDON (Reuters) - James Murdoch faces the board of BSkyB on Thursday and questions over whether his role in a phone-hacking scandal leave him a fit chairman of the satellite broadcaster his father's company tried to buy.


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Norway police face review, think killer acted alone
Wed,27 Jul 2011 05:13 PM PDT
Reuters -

photoOSLO (Reuters) - Police are increasingly certain that mass killer Anders Behring Breivik acted alone, but are leaving no stone unturned in the hunt for collaborators as they try to close one of the bloodiest chapters in Norway's history.


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Senate Democrats will vote against Boehner bill
Wed,27 Jul 2011 04:41 PM PDT
Reuters - WASHINGTON (Reuters) - Some 53 senators -- all 51 Democrats and two independents who usually vote with them -- signed a letter on Wednesday saying they will not vote for House of Representatives Speaker John Boehner's debt plan. Full Story
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Demand for factory goods slips
Wed,27 Jul 2011 12:21 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Demand for long-lasting U.S. manufactured goods fell in June and economic activity across much of the nation slowed through mid-July, casting doubt over how quickly the economy might escape its soft patch.


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Strauss-Kahn accuser meets with prosecutors
Wed,27 Jul 2011 04:57 PM PDT
Reuters -

photoNEW YORK (Reuters) - The hotel maid who accused former International Monetary Fund Managing Director Dominique Strauss-Kahn of sexually assaulting her met with prosecutors on Wednesday for several hours to discuss details of the case.


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Visa rolls out new fee program
Wed,27 Jul 2011 04:34 PM PDT
Reuters -

photoCHARLOTTE, North Carolina (Reuters) - Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.


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Obama to announce new fuel economy standards Friday
Wed,27 Jul 2011 04:20 PM PDT
Reuters -

photoWASHINGTON/DETROIT (Reuters) - The Obama administration has reached a compromise with automakers on the target for significantly boosting fuel efficiency for cars and light-duty vehicles by 2025, ending months of negotiations on this pivotal mandate for the auto industry.


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