Today's Yahoo! News - Latest News & Headlines:
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Boeing wins $3.48 billion U.S. missile contract
Fri,30 Dec 2011 09:32 PM PST
Reuters -  (Reuters) - Boeing Co beat out Lockheed Martin to retain its position as the prime contractor for the U.S. long-range missile shield, the Pentagon said on Friday. The U.S. Defense Department said it was awarding Boeing a $3.48 billion, seven-year contract to develop, test, engineer and manufacture missile defense systems. A team led by Lockheed Martin Corp and Raytheon Co had vied with Boeing to expand and maintain the Ground-based Midcourse Defense, or GMD, hub of layered antimissile protection. Boeing partnered with Northrop Grumman Corp to retain the work. ...
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Verizon ditches $2 fee after customer uproar
Fri,30 Dec 2011 03:41 PM PST
Reuters -  NEW YORK (Reuters) - Verizon Wireless has reversed its decision to charge a $2 fee for telephone and online bill payments, bowing to a storm of criticism from consumers and the U.S. communications regulator. The biggest U.S. wireless operator retracted its decision on Friday, just a day after it announced the fee for one-time payments, which was to have begun January 15. The consumer victory comes after Bank of America recently decided against a new $5 monthly fee for debit card users after consumers and lawmakers protested the charge. ...
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Kodak loses third director in a week
Fri,30 Dec 2011 02:58 PM PST
Reuters - (Reuters) - The third director in a week has resigned from Eastman Kodak Co as the former film giant struggles to survive the dominance of digital photography. Laura Tyson, a professor and White House advisor, told Kodak on Thursday she was resigning from its board, the company said on Friday in a Securities and Exchange filing. Kodak, which was once synonymous with photography, is looking to sell patents to shore up its shrinking cash position and stay in business after failing to turn an annual profit since 1997. ... Full Story | Top |
White House delaying debt ceiling request
Fri,30 Dec 2011 01:11 PM PST
Reuters -  HONOLULU (Reuters) - President Barack Obama has agreed to delay submitting a debt ceiling increase request until next month to allow lawmakers time to consider it while they are in session, the White House said on Friday. Under an August deal between Obama's Democrats and the Republicans, Congress is unlikely to block the expected $1.2 trillion increase request, ensuring that the debt limit will not be reached again until after November's presidential election. ...
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Iowa's quirky caucuses open 2012 White House race
Fri,30 Dec 2011 11:53 AM PST
Reuters -  DES MOINES, Iowa (Reuters) - The long and sometimes quirky drama of electing a U.S. president, marked by obscure rules and long-held traditions, begins on Tuesday in more than 800 schools, libraries, churches and homes across Iowa. Iowa's caucuses, which bring voters together for hours to cast ballots in a public place on a winter night, are the first step in a state-by-state nominating race that ultimately will decide the Republican challenger to President Barack Obama in the election on November 6, 2012. ...
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North Korea says names Kim Jong-un top military commander
Fri,30 Dec 2011 07:49 PM PST
Reuters -  SEOUL (Reuters) - North Korea announced on Saturday it has appointed Kim Jong-un, the anointed successor and youngest son of Kim Jong-il, as supreme commander of its 1.2 million-strong military, two days after official mourning for the late leader ended. The North's state news agency KCNA said the appointment was made at a meeting of the Political Bureau of the Central Committee of the ruling Workers' Party on Friday. ...
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Seventeen dead as Syrians stage mass protests
Fri,30 Dec 2011 03:55 PM PST
Reuters -  BEIRUT (Reuters) - Syrian security forces, undaunted by the presence of Arab League observers, have killed at least 12 protesters as hundreds of thousands demonstrated against the government of President Bashar al-Assad, opposition activists said. Five members of the security forces were also killed in a shooting in the city of Homs, the British-based Syrian Observatory for Human Rights said Friday. ...
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Spain says deficit bigger than expected, hikes taxes
Fri,30 Dec 2011 12:01 PM PST
Reuters -  MADRID (Reuters) - Spain's new government said on Friday that this year's budget deficit would be much larger than expected and announced a slew of surprise tax hikes and wage freezes that could drag the country back to the centre of the euro zone debt crisis. In its first decrees since sweeping to victory in November, the centre-right government said the public deficit for 2011 would come in at 8 percent of gross domestic product, well above an official target of 6 percent. It announced initial public spending cuts of 8.9 billion euros ($11. ...
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New details rekindle HP-Hurd flap
Fri,30 Dec 2011 08:32 AM PST
Reuters -  (Reuters) - Former Hewlett Packard CEO Mark Hurd made increasingly aggressive romantic advances over several years toward an independent contractor who later accused him of sexual harassment, according to claims in a letter from her lawyer obtained by Reuters. The letter, ordered unsealed and allowed to be made public for the first time since the scandal emerged last year, outlined in intricate detail accusations by TV starlet and HP contractor Jodie Fisher that Hurd had wined and dined her, then allegedly sought sexual favors in return for employment. ...
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North Korea's new leaders lash out at South Korea and allies
Fri,30 Dec 2011 01:42 PM PST
Reuters -  SEOUL (Reuters) - North Korea sounded a bellicose note in its first communication with the outside world since the death of leader Kim Jong-il, saying its confrontational stance against South Korea would not change and labeling its opponents "foolish." Since Kim Jong-il died on December 17, the outside world has been watching to see whether his son Kim Jong-un, aged in his 20s, would stick to its hardline "military first" policies that have seen the isolated nation move closer to nuclear weapons capacity. ...
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Newt Gingrich weeps, Mitt Romney attacks Ron Paul
Fri,30 Dec 2011 07:04 PM PST
Associated Press -  Former House Speaker Newt Gingrich wept Friday as he recalled his late mother's end-of-life illnesses, a moment of poignancy in a notably negative Republican presidential Iowa caucus campaign with four unpredictable days yet to run.
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New Year cheer starts early in time-jumping Samoa
Fri,30 Dec 2011 07:08 PM PST
Associated Press -  The New Year's Eve parties started a whole day early on the South Pacific island nation of Samoa, after a hop across the international date line transported the country 24 hours into the future — making it the first in the world to ring in the new year.
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US seals $3.48B missiles, technology sale to UAE
Fri,30 Dec 2011 11:22 PM PST
Associated Press - The United States has reached a deal to sell $3.48 billion worth of missiles and related technology to the United Arab Emirates, a close Mideast ally, as part of a massive buildup of defense technology among friendly Mideast nations near Iran. Full Story | Top |
North Korea names Kim Jong Un Supreme Commander
Fri,30 Dec 2011 07:11 PM PST
Associated Press -  North Korea announced Saturday that Kim Jong Un has been officially named supreme commander of the military, further strengthening his authority after the death of his father, longtime North Korean leader Kim Jong Il.
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2 abortion providers charged with murder in Md.
Fri,30 Dec 2011 04:58 PM PST
Associated Press -  Authorities say two out-of-state doctors who traveled to Maryland to perform late-term abortions have been arrested and charged with multiple counts of murder, an unusual use of a law that allows for murder charges in the death of a viable fetus.
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