Today's Yahoo! News - Latest News & Headlines:
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Iowa's razor-thin result indicates a fierce battle for conservatives is ahead
Tue,3 Jan 2012 10:54 PM PST
The Ticket -  DES MOINES, Iowa--Iowa may not pick presidents. It may not even pick Republican presidential nominees. But Iowa most certainly resets the nomination contest, something its voters did again on Tuesday. Whether we just saw Rick Santorum's razor-thin victory over Mitt Romney, or Mitt Romney's razor-thin victory over Rick Santorum, Iowa voters have created a new [...]
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Iowa: About as expected
Tue,3 Jan 2012 09:21 PM PST
The Signal -  Mitt Romney went into the Iowa Caucus night favored to win the Republican nomination with about 77 percent likelihood; he will catch his flight to New Hampshire with just about the same odds. We still don't know whether he will eke out a victory in Iowa, but it simply isn't important. He survived Iowa, and [...]
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Perry to reassess his campaign
Tue,3 Jan 2012 08:58 PM PST
ABC News -  Texas Governor Rick Perry may be the first official casualty of the Iowa Caucuses. Perry said tonight in his concession speech after his 5th place showing in the Iowa Caucuses, he will leave the campaign trail and return to Austin to take a few days off to...
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Yahoo! readers: More economic talk, please!
Tue,3 Jan 2012 09:37 PM PST
The Ticket -  How did Yahoo! readers feel about the Iowa caucuses, the performance of the Republican candidates in the contest, and the issues at stake in the 2012 race? Let's take a look at the numbers. On Tuesday night, as Iowans caucused and results rolled in, Yahoo! readers answered a series of questions related to the first-in-the-nation [...]
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Santorum's push pays off
Tue,3 Jan 2012 06:34 PM PST
ABC News -  Here's a noteworthy factoid from the series of "entrance" polls coming in from the Iowa caucuses: Among voters looking for a "true conservative," only 1 percent of them — yes, 1 percent — chose Mitt Romney. That group broke mostly for Ron Paul (40 percent)...
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Santorum, Romney tied in tight Iowa race
Tue,3 Jan 2012 09:39 PM PST
Reuters -  DES MOINES, Iowa (Reuters) - Republican presidential contenders Rick Santorum and Mitt Romney were effectively tied in the party's first nominating contest in Iowa on Tuesday, establishing Romney as the party's most likely challenger to Democratic President Barack Obama. With 98 percent of precincts reporting the race was too close to call. Both candidates were tied at 25 percent and Ron Paul, a Texas congressman, was set to claim third place with 21 percent of the vote. ...
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Gross's bond fund bleeds $1.4 billion in December: Morningstar
Tue,3 Jan 2012 03:37 PM PST
Reuters -  (Reuters) - The PIMCO Total Return Fund, the world's largest bond fund, had $1.4 billion in outflows in December, according to fund analytics firm Morningstar. The fund, operated by Bill Gross, co-chief investment officer of Pacific Investment Management Co, suffered total redemptions of $5 billion in 2011, a year in which the fund underperformed benchmarks after betting heavily against U.S. Treasuries, which rallied on the year. The fund, which has about $244 billion in assets under management, has had investor redemptions on and off for more than a year. ...
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Iran threatens U.S. Navy as sanctions hit economy
Tue,3 Jan 2012 03:29 PM PST
Reuters -  TEHRAN (Reuters) - Iran threatened on Tuesday to take action if the U.S. Navy moves an aircraft carrier into the Gulf, Tehran's most aggressive statement yet after weeks of saber-rattling as new U.S. and EU financial sanctions take a toll on its economy. The United States dismissed the Iranian threat, saying it was proof that sanctions imposed over Iran's nuclear program were working. The Pentagon said it would keep sending carrier strike groups through the Gulf regardless. ...
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Syrian rebel leader threatens to escalate attacks
Tue,3 Jan 2012 06:20 PM PST
Reuters -  BEIRUT (Reuters) - The commander of Syria's armed rebels has threatened to step up attacks on President Bashar al-Assad's forces, saying he was frustrated with Arab League monitors' lack of progress in ending a government crackdown on protests. "If we feel they (the monitors) are still not serious in a few days, or at most within a week, we will take a decision which will surprise the regime and the whole world," the head of the Free Syrian Army (FSA), Colonel Riad al-Asaad, told Reuters in an interview. ...
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NY police say man confesses in firebomb on mosque
Tue,3 Jan 2012 05:39 PM PST
Reuters -  NEW YORK (Reuters) - A New York City man faces arson and bias charges after confessing on Tuesday to a series of Molotov cocktail attacks that hit a mosque and a Hindu place of worship and unsettled civic leaders concerned the actions might portend violent religious bigotry. The suspect, who has not been identified by name, is a 40-year-old unemployed tow-truck driver who appeared to have been motivated by personal grudges, said a law enforcement familiar with the investigation who was speaking on condition of anonymity. ...
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Libya names head of armed forces as militias clash
Tue,3 Jan 2012 04:13 PM PST
Reuters -  TRIPOLI (Reuters) - Libya on Tuesday named Yousef al-Manqoush, a retired general from the anti-Gaddafi bastion of Misrata, as head of the armed forces in the first significant move to build a new Libyan military. The appointment was announced as four fighters were killed in a gun battle between rival militias in Tripoli, underlining the interim government's difficulties in controlling the increasingly fractious groups who toppled Muammar Gaddafi. ...
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Wall Street starts 2012 higher on signs of global growth
Tue,3 Jan 2012 01:54 PM PST
Reuters -  NEW YORK (Reuters) - Hoping for something better than 2011's flat stock market, U.S. investors pushed shares higher on Tuesday to begin the new year, though questions remain about whether a rally can be sustained. The broad S&P 500 index closed at its highest since late October as traders, with cash on hand for the new year, welcomed better-than-expected German and Chinese economic data. The upbeat response was reinforced by U.S. economic reports showing construction spending and factory activity beat economists' forecasts. "There were some good economic numbers from outside the U.S. ...
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Manufacturing index hits six-month high
Tue,3 Jan 2012 11:53 AM PST
Reuters -  NEW YORK (Reuters) - Manufacturing grew at its fastest pace in six months in December, capping a late-year upswing, but a European slump and rising oil prices posed threats to the U.S. economy in the new year. The Institute for Supply Management's index of national factory activity hit its highest level since June, coming in above forecasts at 53.9, more evidence that the U.S. economy picked up steam in the fourth quarter. A reading above 50 indicates expansion. A rise in new orders for manufactured goods suggested momentum going into 2012, Tuesday's report showed. ...
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Fed to publish rate path forecasts in transparency move
Tue,3 Jan 2012 04:12 PM PST
Reuters -  WASHINGTON (Reuters) - The Federal Reserve, in a move that could push back expectations of when near-zero U.S. interest rates will rise, will begin publishing its policymakers' forecasts for borrowing costs. The step is a significant milestone in Fed Chairman Ben Bernanke's push for greater policymaking transparency, and it could offer the economy a bit more of a lift by better aligning financial market bets with the main view at the central bank. The Fed has held the overnight federal funds rate close to zero since December 2008 and has bought $2. ...
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Pentagon to unveil revised defense strategy
Tue,3 Jan 2012 04:31 PM PST
Reuters -  WASHINGTON (Reuters) - A review of U.S. strategic interests that will guide Pentagon budget cuts in coming years is expected to propose keeping fewer troops in Europe and abandoning the goal of maintaining a force that can fight and win two wars simultaneously, administration officials say. Defense Secretary Leon Panetta will unveil the results of the eight-month strategic review on Thursday at a joint news conference with Army General Martin Dempsey, chairman of the Joint Chiefs of Staff, the Pentagon said on Tuesday. ...
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Dead heat? Romney, Santorum seesaw in Iowa vote
Tue,3 Jan 2012 11:24 PM PST
Associated Press - Vote by precious vote, Rick Santorum and Mitt Romney battled improbably to a virtual draw in Iowa's Republican presidential caucuses early Wednesday, the opening round in the race to pick a challenger to President Barack Obama in the fall.
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Iowa GOP voters see Romney as best Obama opponent
Tue,3 Jan 2012 11:00 PM PST
Associated Press -  Former Massachusetts Gov. Mitt Romney won strong support Tuesday from Republicans seeking a candidate who can topple President Barack Obama in November's elections and from those most concerned about the weak economy, according to an entrance poll of GOP voters attending Iowa's presidential caucuses.
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Perry: Reassessing bid after Iowa caucuses
Tue,3 Jan 2012 11:25 PM PST
Associated Press - Texas Gov. Rick Perry said Tuesday that he would head home "to determine whether there is a path forward" for his White House bid after he finished a distant fifth in the Iowa caucuses.
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Bachmann tells supporters she's staying in race
Tue,3 Jan 2012 10:09 PM PST
Associated Press -  Michele Bachmann told a small group of supporters Tuesday night that she's staying in the presidential race as the only true conservative who can defeat the sitting president, despite a bleak showing in the Iowa caucuses.
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Obama applauds Iowa Democrats for their help
Tue,3 Jan 2012 08:51 PM PST
Associated Press -  Confronting his Republican opponents, President Barack Obama told Iowa Democrats on Tuesday that the stakes of the 2012 election are much higher than when the state launched his presidential bid four years ago.
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Sudden reunification could be trouble for Seoul
Tue,3 Jan 2012 10:14 PM PST
Associated Press -  A single, reunified Korea has long been a cherished dream of people on both sides of the world's most heavily fortified border. South Korea even has a Cabinet-level ministry preparing for the day.
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LA arson suspect cursed US days before fires
Tue,3 Jan 2012 05:32 PM PST
Associated Press -  Harry Burkhart watched as his mother was arrested last week on fraud charges from their native Germany, and a day later he exploded in an expletive-laced rant against the U.S. at her court hearing.
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Man dies at Alaska center for street alcoholics
Tue,3 Jan 2012 05:25 PM PST
Associated Press -  A man who was slurring his speech and appeared intoxicated was found dead on New Year's Day at a controversial center in Anchorage where chronic street alcoholics are allowed to keep drinking.
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Suspects arrested in Utah killings, Nev. shooting
Tue,3 Jan 2012 05:44 PM PST
Associated Press -  A Nevada rancher who spotted a man and woman walking in a desolate area Tuesday while surveying his cattle from the air led police to arrest the suspects in the killing of an elderly Utah couple in a crime spree that spanned two states.
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