Today's Yahoo! News - Latest News & Headlines:
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Cain likely to hear from backers and doubters
Tue,29 Nov 2011 11:30 PM PST
AP -  Herman Cain says he must gauge the response of supporters before deciding whether his presidential candidacy can survive another allegation of inappropriate sexual behavior. He's likely to hear from backers and doubters alike over the next few days.
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LA protesters brace for police raid
Tue,29 Nov 2011 11:40 PM PST
AP -  Los Angeles police began surrounding the Occupy Los Angeles encampment Tuesday night, nearly two days after a deadline passed for protesters to clear out, as demonstrators with the movement in Philadelphia marched through the streets after being evicted from their site.
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US man free in Aruba but still under legal cloud
Tue,29 Nov 2011 11:00 PM PST
AP -  A U.S. man is out of jail for the first time in nearly four months, but prosecutors hope to persuade an Aruba appeals court to put him back behind bars as early as Wednesday as a suspect in the disappearance of his female traveling companion.
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American Airlines files for bankruptcy
Tue,29 Nov 2011 07:20 PM PST
Reuters -  (Reuters) - American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once the largest U.S. carrier. AMR Corp, the parent of American Airlines, also filed for bankruptcy and replaced its chief executive. The company, which employs about 88,000, has been mired for years in fruitless union negotiations, complaining that it shoulders higher labor costs than rival domestic and foreign carriers that have already restructured in bankruptcy. ...
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Fed's No. 2 sees room for further monetary easing
Tue,29 Nov 2011 06:05 PM PST
Reuters -  SAN FRANCISCO (Reuters) - Janet Yellen, the Federal Reserve's influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further, possibly by providing more information on the path of interest rates. Another top official, Atlanta Federal Reserve Bank President Dennis Lockhart, said he sees a benefit in providing more information on the policy assumptions underlying Fed forecasts. He made clear, however, that he believes the current policy stance is appropriate. ...
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Europe ramps up rescue fund, may turn to IMF
Tue,29 Nov 2011 10:22 PM PST
Reuters -  BRUSSELS/MILAN (Reuters) - Euro zone ministers agreed to ramp up the firepower of their rescue fund, but couldn't say by how much, and may turn to the IMF for more help as a stunning leap in Italy's borrowing costs pushed the region closer to financial disaster. Two years into Europe's sovereign debt crisis, investors are fleeing the euro zone bond market, European banks are dumping government debt, south European banks are bleeding deposits and a recession looms, fuelling doubts about the survival of the single currency. ...
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Britain pulls embassy staff out of Iran: sources
Tue,29 Nov 2011 10:42 PM PST
Reuters -  TEHRAN (Reuters) - Britain has evacuated all its diplomatic staff from Iran, Western diplomatic sources told Reuters on Wednesday, a day after protesters stormed and ransacked its embassy and a residential compound. Britain said it was outraged by the attacks and warned of "serious consequences." The U.N. Security Council condemned the attacks "in the strongest terms." U.S. President Barack Obama called on Iran to hold those responsible to account. No comment was immediately available from the British government on the reported withdrawal of embassy staff from Iran. ...
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Cain campaign crumbling after affair allegation
Tue,29 Nov 2011 04:34 PM PST
Reuters -  WASHINGTON (Reuters) - Republican presidential contender Herman Cain told aides on Tuesday he would reassess the viability of his struggling campaign after an Atlanta woman accused him of conducting a 13-year extramarital affair. The allegations could be the end of the political line for Cain, who led the Republican White House race barely more than a month ago but has nosedived in polls after a series of sexual harassment charges and campaign missteps. ...
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U.S., EU mull free trade talks, sign secure trade pact
Tue,29 Nov 2011 04:19 PM PST
Reuters - WASHINGTON (Reuters) - The United States and European Union agreed Tuesday to reduce red tape related to cargo security and pledged to work toward tearing down tariffs and regulatory barriers between the world's largest trading partners. "The leaders have asked to look at all aspects of our relationship and see what we can do to strengthen our economic ties and support good jobs and growth on both sides of the Atlantic," White House international economics adviser Michael Froman told reporters at the end of the annual U.S.-EU Transatlantic Economic Council (TEC). ... Full Story | Top |
Insight: In euro zone crisis, companies plan for the unthinkable
Tue,29 Nov 2011 04:13 PM PST
Reuters -  LONDON/BOSTON (Reuters) - When Novo Nordisk's chief financial officer met marketing colleagues last Friday the conversation moved far beyond the usual discussion of sales and performance. Jesper Brandgaard asked a simple, far-reaching question: how would the firm set prices for two pivotal new insulin products if the euro collapsed? The Danish firm, the world's biggest maker of insulin for the treatment of diabetes, sits outside the euro zone but sells into it. ...
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Clinton tells developing world to be wary of donors
Tue,29 Nov 2011 07:24 PM PST
Reuters -  BUSAN, South Korea (Reuters) - Secretary of State Hillary Clinton urged developing nations on Wednesday to be "smart shoppers" on foreign aid, warning that powerful emerging economies such as China may be more interested in exploiting natural resources than promoting real development. Clinton delivered the warning to a global summit on development and aid held in South Korea, where both traditional rich nation donors, cash-rich middle income countries, non-governmental organizations and private sector groups have gathered to discuss the future of the global aid effort. ...
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Facebook settles privacy case with FTC
Tue,29 Nov 2011 05:34 PM PST
Reuters -  WASHINGTON (Reuters) - Facebook will be required to get user consent for certain changes to privacy settings as part of a settlement of federal charges that it deceived consumers and forced them to share more personal information than they intended. The settlement with the U.S. Federal Trade Commission will also subject the company, which is reported to preparing a $10 billion initial public offering, to 20 years of independent audits. "I'm the first to admit that we've made a bunch of mistakes," co-founder Mark Zuckerberg wrote in a lengthy post on the company's official blog Tuesday. ...
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Jackson doctor gets 4 years in jail, no probation
Tue,29 Nov 2011 03:27 PM PST
Reuters -  LOS ANGELES (Reuters) - Michael Jackson's personal physician, Dr. Conrad Murray, on Tuesday was sentenced to four years in jail without probation for involuntary manslaughter in the pop star's death. Los Angeles Superior Court Judge Michael Pastor gave Murray the maximum sentence and said the physician engaged in "money for medicine madness that is simply not acceptable to me." Murray, 58, dressed in a gray suit with purple paisley tie, sat emotionless through the sentencing. ...
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Europe ramps up rescue fund, may turn to IMF
Tue,29 Nov 2011 03:11 PM PST
Reuters -  BRUSSELS/MILAN (Reuters) - Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent. Two years into Europe's sovereign debt crisis, investors are fleeing the euro zone bond market, European banks are dumping government debt, deposits are draining from south European banks and a looming recession is aggravating the pain, fuelling doubts about the survival of the single currency. ...
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World Bank head sees ripple effects from euro woes
Tue,29 Nov 2011 05:05 PM PST
Reuters -  CAMBRIDGE, Massachusetts (Reuters) - Europe's debt crisis threatens to undermine consumer confidence and cut off credit to businesses in the rapidly emerging markets that have been bright spots in an otherwise grim global economy, the head of the World Bank warned on Tuesday. "While the European and euro zone problems have to be dealt with primarily by Europe, you've got to be aware of the ripple effects of this and the ripple effects can easily become wave effects," Robert Zoellick, the institution's president, said in a talk with students at Harvard University. ...
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Pressure mounts on Syria's Assad at home and abroad
Tue,29 Nov 2011 04:23 PM PST
Reuters -  BEIRUT (Reuters) - Pressure is mounting on President Bashar al-Assad, with growing foreign condemnation of his repression of the Syrian uprising and attacks by armed rebels that his forces appear unable to stamp out. European and Arab diplomats told Reuters the top United Nations human rights forum would announce on Wednesday a special Friday session that was expected to condemn Syria for crimes against humanity. The move is partly designed to put pressure on China and Russia to take a stronger stand against Assad's government. The 47-member U.N. ...
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Iranian protesters storm British diplomatic compounds
Tue,29 Nov 2011 03:30 PM PST
Reuters - TEHRAN (Reuters) - Iranian protesters stormed two British diplomatic compounds in Tehran on Tuesday, smashing windows, torching a car and burning the British flag in protest against new sanctions imposed by London. Britain said it was outraged and warned of "serious consequences." The U.N. Security Council condemned the attacks "in the strongest terms." U.S. President Barack Obama said he was disturbed by the incident and called on Iran to hold those responsible to account. ...
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Facebook settles privacy case with FTC
Tue,29 Nov 2011 01:12 PM PST
Reuters -  WASHINGTON (Reuters) - Facebook will be required to get user consent for certain changes to privacy settings as part of a settlement of federal charges that it deceived consumers and forced them to share more personal information than they intended. The settlement with the U.S. Federal Trade Commission will also subject the company, which is reported to preparing a $10 billion initial public offering, to 20 years of independent audits. "I'm the first to admit that we've made a bunch of mistakes," co-founder Mark Zuckerberg wrote in a lengthy post on the company's official blog on Tuesday. ...
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