Today's Yahoo! News - Latest News & Headlines:
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Romney wrestles with GOP attacks on corporate past
Mon,9 Jan 2012 10:40 PM PST
Reuters -  MANCHESTER, New Hampshire (Reuters) - Mitt Romney is poised to take a big step toward the Republican U.S. presidential nomination on Tuesday by capturing New Hampshire, hoping to ride out last-minute attacks from his rivals and recover from a self-inflicted wound. The former governor of neighboring Massachusetts carried a sizeable lead in polls into voting day, a sufficient cushion that should force rivals Ron Paul, Jon Huntsman, Newt Gingrich and Rick Santorum into a battle for second place. ...
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Olympus sues execs over scandal, shares surge
Mon,9 Jan 2012 11:00 PM PST
Reuters -  TOKYO (Reuters) - Japan's disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation's worst accounting scandals. The maker of cameras and medical equipment said on Tuesday all board members subject to the lawsuit would quit in March or April, leaving it in the extraordinary position for now of continuing with its most senior executive, Shuichi Takayama, and five other directors it is suing for mismanagement. ...
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Iran starts uranium enrichment, condemns American to death
Mon,9 Jan 2012 04:55 PM PST
Reuters -  TEHRAN/VIENNA (Reuters) - Iran has begun enriching uranium deep inside a mountain and sentenced an American to death for spying, angering the West and undermining hopes that diplomacy could avert further sanctions or war. The start of enrichment at the Fordow bunker near the Shi'ite Muslim holy city of Qom was confirmed on Monday by an Iranian official in Tehran and by the Vienna-based International Atomic Energy Agency. Iran says its nuclear program is purely non-military but the West believes it is designed to produce nuclear weapons. ...
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Top Obama aide Daley steps down, budget chief takes over
Mon,9 Jan 2012 04:39 PM PST
Reuters -  WASHINGTON (Reuters) - President Barack Obama announced an election year shake-up at the White House on Monday, choosing budget director Jack Lew to replace chief of staff Bill Daley, who resigned after a troubled one-year tenure. The switch at the top of the White House power chain comes as Obama prepares for a tough re-election battle that will require support from his left-leaning base. Daley, who as chief of staff was Obama's top aide, was unpopular with that base, which saw him as too close to big business and too soft on Republicans. ...
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U.S. moves toward legal action against Swiss bank: sources
Mon,9 Jan 2012 02:51 PM PST
Reuters -  (Reuters) - U.S. authorities are moving toward taking legal action against Wegelin & Co, which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Negotiations in the case have reached a critical stage, with an indictment possible though the bank is seeking a deferred prosecution agreement, which would be less damaging. The outcome depends on how prosecutors, the U.S. State Department and the U.S. ...
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More policy support seen as China import growth flags
Mon,9 Jan 2012 09:36 PM PST
Reuters -  BEIJING (Reuters) - China's exports and imports grew at their slowest pace in more than two years in December as foreign and domestic demand ebbed, data showed on Tuesday, bolstering expectations of more policy action from Beijing to support the world's number two economy. Annual export growth of 13.4 percent in December was in line with expectations, albeit the slowest since November 2009 except for a February distortion caused by Lunar New Year holidays. But it was a big downside surprise for import growth that caught investor attention, sinking to a 26-month low of just 11. ...
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Analysis: For euro zone, the heat is on again
Mon,9 Jan 2012 02:52 PM PST
Reuters -  BERLIN (Reuters) - The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance. The coming months will be decisive in determining whether European leaders can hold their increasingly fragile currency bloc together or will stumble in the face of a daunting set of political, economic and financial obstacles lined up in their path at the start of the new year. ...
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U.S. authorities probe U.S.-China commission email hack
Mon,9 Jan 2012 08:11 PM PST
Reuters -  (Reuters) - U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues. The request for an investigation came after hackers posted on the Internet what purports to be an Indian military intelligence document on cyber-spying, which discusses plans to target the commission - apparently using technical know-how provided by Western mobile phone manufacturers. ...
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U.S. auto market now industry bedrock
Mon,9 Jan 2012 01:29 PM PST
Reuters -  DETROIT (Reuters) - Welcome to an unlikely beacon of hope for the global auto industry -- Detroit. Executives arriving this week for the Detroit auto show find a U.S. car market that has morphed from meltdown three years ago to a safe haven as concerns grow about the stability of other big economies, from Europe to China. Analysts and executives expect 2012 U.S. auto sales to grow 4 percent to 9 percent, the third consecutive annual gain. The only reason automakers are not more bullish is the risk that the sovereign debt crisis in Europe may trigger a broader slowdown. All three U.S. ...
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Detroit seeks salvation during Big 3's victory dance
Mon,9 Jan 2012 02:55 PM PST
Reuters -  Detroit (Reuters) - Bill Perkins, a Detroit-area car dealer, has ample reason to raise a glass in the early days of January. Perkins is chairman of a North American International Auto Show that debuts here this week just as domestic car companies are riding high from an $80 billion government bailout and strong sales in 2011. "Detroit, we are with you," Perkins said, leading a group of automotive business leaders in a lunchtime swig of Brut champagne at the city's Cobo Center. But not everyone is in the mood to celebrate. While car companies thrive, Detroit continues to bleed. ...
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Authorities probe U.S.-China commission email hack
Mon,9 Jan 2012 02:53 PM PST
Reuters -  (Reuters) - U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues. The request for an investigation came after hackers posted on the Internet what purports to be an Indian military intelligence document on cyber-spying, which discusses plans to target the commission - apparently using technical know-how provided by Western mobile phone manufacturers. ...
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UAE delays oil pipeline to bypass Hormuz
Mon,9 Jan 2012 02:53 PM PST
Reuters -  ABU DHABI (Reuters) - The United Arab Emirates has delayed the launch of a crucial oil pipeline to bypass the Straits of Hormuz to mid-2012, which analysts said would add to supply worries at a time when Iran threatens to block the strait for all the Gulf's oil. Oil prices have remained elevated in recent weeks as Iran has threatened to block the strait should the West impose tougher sanctions on its oil industry as part of a standoff over Tehran's nuclear program. ...
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Swiss central bank chief quits over wife's currency deal
Mon,9 Jan 2012 02:55 PM PST
Reuters -  BERNE (Reuters) - Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank. Hildebrand's decision to relinquish one of the world's top central banking jobs after just two years came as Swiss parliamentarians met to discuss the scandal, which erupted last week after Sarasin bank sacked an employee who leaked details of the trade to a political opponent of the central banker. ...
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Exclusive: Olympus sues current president, ex-directors
Mon,9 Jan 2012 02:55 PM PST
Reuters -  TOKYO (Reuters) - Japan's Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told Reuters on Monday, as the company seeks to draw a line under one of the nation's worst accounting scandals. The maker of cameras and medical equipment filed suit against its president, Shuichi Takayama, with the Tokyo district court on Sunday, along with three former executives identified by investigators as having engineered or helped cover up a $1.7 billion fraud at the firm, the sources said. ...
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Iran sentences U.S.-Iranian man to death for spying
Mon,9 Jan 2012 09:45 AM PST
Reuters - TEHRAN (Reuters) - Iran's Revolutionary Court has sentenced an Iranian-American man to death for spying for the CIA, officials said on Monday, a move likely to aggravate U.S.-Iranian tensions already high because of Tehran's disputed nuclear program. The United States denies that Amir Mirza Hekmati is a spy and has demanded his immediate release. The White House said it was trying to verify the report on his sentencing. ...
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In Dixville Notch, it's a Romney-Huntsman tie
Mon,9 Jan 2012 09:36 PM PST
Associated Press -  Voters in the tiny New Hampshire village famed for casting the first ballots in the nation's first presidential primary have found themselves in a tie between Republicans Mitt Romney and Jon Huntsman.
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Fire whom? Romney draws flak on eve of NH primary
Mon,9 Jan 2012 06:47 PM PST
Associated Press -  Republican front-runner Mitt Romney stumbled down the homestretch of the New Hampshire primary on Monday, declaring, "I like being able to fire people who provide services to me" as his rivals intensified already fierce criticism.
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Earlier than expected, Daley out as chief of staff
Mon,9 Jan 2012 03:28 PM PST
Associated Press -  In a jolt to the White House, President Barack Obama announced Monday that chief of staff William Daley was quitting and heading home, capping a short and rocky tenure that had been expected to last until Election Day. Obama budget chief Jack Lew, a figure long familiar with Washington's ways, will take over one of the most consuming jobs in America.
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US condemns Iranian death sentence for American
Mon,9 Jan 2012 06:25 PM PST
Associated Press -  The Obama administration Monday rejected Iran's charge that a young Iranian-American man used a family trip to Iran as cover for espionage, after the Tehran government issued the first death penalty against a U.S. citizen since the Islamic Revolution 33 years ago. The U.S. suggested the decision was a political ploy.
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Iran leader defends nuclear program on LatAm trip
Mon,9 Jan 2012 11:00 PM PST
Associated Press -  Iranian President Mahmoud Ahmadinejad defended his country's nuclear program as he began a four-nation tour of Latin America, joining his ally Venezuelan President Hugo Chavez in accusing the U.S. and its allies of using the dispute to unjustly threaten Iran.
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Muslim man from Kosovo charged in Fla. bomb plot
Mon,9 Jan 2012 03:23 PM PST
Associated Press -  A Kosovo-born man was charged with plotting to attack Tampa-area nightclubs and a sheriff's office with bombs and an assault rifle to avenge wrongs done to Muslims, federal authorities said Monday.
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Possible tornado damages Houston-area mall
Mon,9 Jan 2012 07:15 PM PST
Associated Press -  City roads were flooded and thousands of Houston residents lost power Monday after powerful thunderstorms plowed through the area, with a possible tornado damaging and shutting down a nearby mall.
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