Friday, August 26, 2011

Daily News Digest: Reuters News Headlines - Yahoo! News

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Friday, August 26, 2011 12:04 AM PDT
Today's Reuters News Headlines - Yahoo! News:
Irene to hit cities, resorts on east coast
Thu,25 Aug 2011 10:56 PM PDT
Reuters -

photoWILMINGTON, North Carolina (Reuters) - North Carolina braced on Friday for a direct hit from Hurricane Irene, cities along the east coast were on alert and millions of beach goers cut short vacations to escape the powerful storm.


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Rebels to govern from Tripoli as Gaddafi hunt goes on
Thu,25 Aug 2011 10:44 PM PDT
Reuters -

photoTRIPOLI (Reuters) - Libyan rebels announced a move to govern the country from Tripoli as they battled pockets of loyalists in their hunt for fugitive strongman Muammar Gaddafi, who taunted them from his hiding place.


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Investors sanguine as Apple's Jobs steps aside
Thu,25 Aug 2011 05:02 PM PDT
Reuters -

photoSAN FRANCISCO/NEW YORK (Reuters) - Apple Inc's first day without Steve Jobs as chief executive looked awfully similar to most other days: its share price beat the broader stock market.


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How much higher can Apple shares go without Jobs?
Thu,25 Aug 2011 04:06 PM PDT
Reuters - NEW YORK (Reuters) - As far as investors can see, the outlook for Apple's shares remains as bright as an iPad screen despite the resignation of Steve Jobs, the company's legendary co-founder, as chief executive. Full Story
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Market sentiment weakened before U.S downgrade: S&P
Thu,25 Aug 2011 11:45 PM PDT
Reuters -

photoSINGAPORE (Reuters) - The top official behind Standard & Poor's downgrade of the United States said on Friday it was not to blame for August's stock market rout, and warned that developed nations still needed to "get their act together" to tackle their mountains of debt.


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WikiLeaks publishes tens of thousands more cables
Thu,25 Aug 2011 06:20 PM PDT
Reuters -

photoWASHINGTON (Reuters) - The WikiLeaks organization said Thursday it was releasing tens of thousands of previously unpublished U.S. diplomatic cables, some of which are still classified.


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Casino attack in Mexico's Monterrey kills 53
Thu,25 Aug 2011 11:27 PM PDT
Reuters -

photoMONTERREY, Mexico (Reuters) - Masked gunmen killed at least 53 people at a casino in northern Mexico on Thursday, leaving it ablaze with patrons trapped inside in one of the worst attacks in a major Mexican city in years.


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Analysis: Buffett trades off his reputation
Thu,25 Aug 2011 10:33 PM PDT
Reuters -

photoNEW YORK (Reuters) - Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.


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Boeing's Dreamliner becomes commercial reality
Thu,25 Aug 2011 10:27 PM PDT
Reuters -

photoCHICAGO (Reuters) - After years of headaches and occasional heartbreak, Boeing Co is ready on Friday for the U.S. government to declare its revolutionary 787 Dreamliner safe to fly passengers.


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Obesity to worsen, weigh heavily on healthcare costs
Thu,25 Aug 2011 11:30 PM PDT
Reuters -

photoHONG KONG (Reuters) - Obesity is most widespread in Britain and the United States among the world's leading economies and if present trends continue, about half of both men and women in the United States will be obese by 2030, health experts warned on Friday.


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Shares edge up, euro firm; Bernanke's speech awaited
Thu,25 Aug 2011 11:20 PM PDT
Reuters -

photoSINGAPORE (Reuters) - Asian shares edged up on Friday and gold slipped ahead of a speech by Federal Reserve Chairman Ben Bernanke on the U.S. economic outlook later in the day, while the euro gained after Spain agreed on a constitutional debt brake.


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Factbox: U.S. East Coast energy sites brace for Irene
Thu,25 Aug 2011 02:04 PM PDT
Reuters - (Reuters) - Oil terminals, refineries, pipelines and nuclear power plants from the Bahamas to Rhode Island braced for Hurricane Irene on Thursday. Full Story
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Striking Verizon workers boost jobless claims
Thu,25 Aug 2011 02:20 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Striking workers at Verizon Communications pushed up new U.S. jobless claims last week, but there was little evidence the recent stock market turmoil had spooked businesses enough for them to cut workers.


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Warren Buffett to invest $5 billion in Bank of America
Thu,25 Aug 2011 02:18 PM PDT
Reuters -

photoNEW YORK/CHARLOTTE, North Carolina (Reuters) - Warren Buffett will invest $5 billion in Bank of America Corp, stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis.


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Obama talks with top advisers ahead of jobs speech
Thu,25 Aug 2011 10:04 AM PDT
Reuters -

photoEDGARTOWN, Massachusetts (Reuters) - President Barack Obama held a conference call on Thursday with top advisers to discuss the economy and progress on a plan he will announce next month to lift U.S. hiring and growth, the White House said.


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Strauss-Kahn to visit IMF headquarters next week
Thu,25 Aug 2011 09:39 AM PDT
Reuters -

photoWASHINGTON (Reuters) - Dominique Strauss-Khan plans to visit the International Monetary Fund he once headed next week, days after sexual assault charges against him were dropped, an IMF spokesman said on Thursday.


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Hunted in Tripoli, Gaddafi hurls defiance
Thu,25 Aug 2011 03:31 PM PDT
Reuters -

photoTRIPOLI (Reuters) - Muammar Gaddafi taunted his Libyan enemies and their Western backers as rebel forces battled pockets of loyalists across Tripoli in an ever more urgent quest to find and silence the fugitive strongman.


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WikiLeaks publishes tens of thousands more cables
Thu,25 Aug 2011 02:54 PM PDT
Reuters -

photoWASHINGTON (Reuters) - The WikiLeaks organization said on Thursday it was releasing tens of thousands of previously unpublished U.S. diplomatic cables, some of which are still classified.


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East Coast in Irene's path, scrambles to prepare
Thu,25 Aug 2011 04:13 PM PDT
Reuters -

photoNASSAU (Reuters) - The northeast seaboard, including Washington and financial center New York, rushed to prepare on Thursday for a possible mauling from Hurricane Irene that will hit the U.S. coast this weekend.


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Investors sanguine as Apple's Jobs steps aside
Thu,25 Aug 2011 04:11 PM PDT
Reuters -

photoSAN FRANCISCO/NEW YORK (Reuters) - Apple Inc's first day without Steve Jobs as chief executive looked awfully similar to most other days: its share price beat the broader stock market.


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Factbox: Latest developments in the Libyan conflict
Thu,25 Aug 2011 01:24 PM PDT
Reuters -

photo(Reuters) - Following are the latest political and military developments in the Libyan crisis.


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Astronomers discover planet made of diamond
Thu,25 Aug 2011 11:04 AM PDT
Reuters -

photoLONDON (Reuters) - Astronomers have spotted an exotic planet that seems to be made of diamond racing around a tiny star in our galactic backyard.


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Irene losses start to mount as storm aims at NYC
Thu,25 Aug 2011 02:54 PM PDT
Reuters -

photoNEW YORK (Reuters) - Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999's devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said on Thursday, even as the storm increasingly tracks toward a weekend landfall in the greater New York City area.


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Gaddafi calls on Libyans to march on Tripoli
Thu,25 Aug 2011 01:36 PM PDT
Reuters -

photoCAIRO (Reuters) - Libya's Muammar Gaddafi called on his supporters to march on Tripoli and "purify" the capital of rebels, who he denounced as "rats, crusaders and unbelievers" in a defiant, angry speech that betrayed no hint of despondency.


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Spot gold prices turn negative
Thu,25 Aug 2011 03:58 PM PDT
Reuters -

photo(Reuters) - Spot gold prices turned lower late Thursday, after rising to as much as $ 1,772.14 earlier in the session.


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French do not want Strauss-Kahn back in politics: poll
Thu,25 Aug 2011 03:43 AM PDT
Reuters -

photoPARIS (Reuters) - A majority of French do not want former IMF managing director Dominique Strauss-Kahn to return to politics after U.S. prosecutors dropped charges of attempted rape against him this week, a poll showed on Thursday.


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Analysis: Speed critical in hunt for Gaddafi
Thu,25 Aug 2011 06:46 AM PDT
Reuters -

photoLONDON (Reuters) - Muammar Gaddafi's pursuers must act fast to stop the trail going cold or risk prolonging Libya's war by months, if not years, analysts say.


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Gaddafi's last stand may be tale of two cities
Thu,25 Aug 2011 08:09 AM PDT
Reuters -

photoTRIPOLI (Reuters) - Rebels seeking to quell the last redoubts of Muammar Gaddafi's loyalists have zeroed in on two cities, one his coastal birthplace and the other deep in Libya's oil-producing desert, that he has turned into a shrine to his cultish strongman rule.


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Libyan rebels say Muammar Gaddafi surrounded
Thu,25 Aug 2011 06:09 AM PDT
Reuters -

photoTRIPOLI (Reuters) - A group of rebels besieging a cluster of apartment buildings near the compound of Muammar Gaddafi said they believed the man who led Libya for four decades was hiding in the buildings with some of his sons.


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Libyan rebel chief warns of disorder without help
Thu,25 Aug 2011 07:01 AM PDT
Reuters -

photoMILAN (Reuters) - The head of Libya's rebel government warned on Thursday of dangerous destabilization in the country unless financial aid from the West arrives quickly to help restore services to the population.


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China media dismiss Pentagon "cock-and-bull" report
Thu,25 Aug 2011 02:17 AM PDT
Reuters -

photoBEIJING (Reuters) - China's state news agency on Thursday condemned a Pentagon report on China's growing military might, calling its account of Beijing's weapons modernization drive an alarmist "cock-and-bull story."


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Gaddafi nearly captured on Wednesday: report
Thu,25 Aug 2011 04:18 AM PDT
Reuters -

photoPARIS (Reuters) - Libyan commandos fighting Muammar Gaddafi came close to capturing the toppled leader on Wednesday when they raided a private home in Tripoli where he appeared to have been hiding, Paris Match magazine said on Thursday.


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Casey Anthony reports for probation at secret Florida location
Thu,25 Aug 2011 10:50 AM PDT
Reuters -

photoTALLAHASSEE, Fla (Reuters) - Florida corrections officials on Thursday outlined the conditions of probation for Casey Anthony, the Orlando mother who went into seclusion after being acquitted of killing her toddler daughter but then was ordered back to the state over a check fraud case.


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Libyan comedian says harder to joke without Gaddafi
Thu,25 Aug 2011 04:24 AM PDT
Reuters -

photoBENGHAZI, Libya (Reuters) - For 35 years Milood Amroni, Libya's top comedian, used humor as a weapon to poke fun, ever so carefully, at the government of Muammar Gaddafi.


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Tense market falls ahead of Bernanke speech
Thu,25 Aug 2011 03:56 PM PDT
Reuters -

photoNEW YORK (Reuters) - Stocks fell on Thursday as investors raised cash ahead of a critical speech from Fed Chairman Ben Bernanke, hoping he will give them a clearer picture of the Fed's plans for the struggling economy.


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Chinese state TV shows military cyber hacking clip
Thu,25 Aug 2011 06:15 AM PDT
Reuters -

photoSHANGHAI (Reuters) - A six-second clip on Chinese state television has provided a rare glimpse into purported cyber hacking attacks launched by the country's military, despite long-standing official denials that the government engages in such activity.


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Kidnapped U.S. national freed in Pakistan: police
Thu,25 Aug 2011 01:59 AM PDT
Reuters -

photoISLAMABAD (Reuters) - An American development expert kidnapped 12 days ago in the Pakistani city of Lahore has been rescued, a police official said on Thursday.


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Perry passes Romney among Republicans in polls
Wed,24 Aug 2011 02:17 PM PDT
Reuters -

photoWASHINGTON (Reuters) - Rick Perry has taken a double-digit lead over Mitt Romney in the Republican presidential nomination race in two polls released on Wednesday, an indication that the Texas governor could replace the former Massachusetts governor as early favorite.


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Deficit "super" panelists studying others' work
Wed,24 Aug 2011 02:37 PM PDT
Reuters -

photoWASHINGTON (Reuters) - The heads of a U.S. Congress deficit "super committee" said on Wednesday most members were reviewing budget-balancing studies of recent years in a sign the panel was unlikely to try to reinvent the wheel.


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Global stocks rise, gold tumbles as investors await Bernanke
Thu,25 Aug 2011 04:44 AM PDT
Reuters -

photoLONDON (Reuters) - World stocks edged up on Thursday while gold fell sharply as investors were optimistic the Federal Reserve would signal at a gathering this week that it is committed to supporting the U.S. economy if necessary.


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