Today's Yahoo! News - Latest News & Headlines:
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Republicans head to South Carolina, guns blazing
Wed,11 Jan 2012 10:20 PM PST
Reuters -  COLUMBIA, South Carolina (Reuters) - Republican presidential contenders brought buckets of cash and sharp rhetoric to South Carolina on Wednesday for an intense 10-day battle that may determine whether anyone can stop front-runner Mitt Romney's march to the party's nomination. A Romney victory in the January 21 South Carolina primary, the next in a series of state-by-state contests among the Republican candidates, could extinguish his rivals' hopes of keeping him from becoming the nominee to take on Democratic President Barack Obama in the November 6 general election. ...
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Bomb kills Iran nuclear scientist as crisis mounts
Wed,11 Jan 2012 07:43 PM PST
Reuters -  TEHRAN (Reuters) - An Iranian nuclear scientist was blown up in his car by a motorbike hitman, prompting Tehran to blame Israeli and U.S. agents but insist the killing would not derail a nuclear program that has raised fears of war and threatened world oil supplies. The fifth daylight attack on technical experts in two years, the magnetic bomb delivered a targeted blast to the door of 32-year-old Mostafa Ahmadi-Roshan's car during Wednesday's morning rush-hour. The chemical engineer's driver also died, Iranian media said, and a passer-by was slightly hurt. ...
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Republicans move to control Keystone approval
Wed,11 Jan 2012 07:35 PM PST
Reuters - WASHINGTON (Reuters) - Congressional Republicans, who are urging President Barack Obama to give a permit to the Canada-to-Texas Keystone XL oil pipeline project, are working on a plan to take the reins of approval from the president should the White House say no. Senator John Hoeven of North Dakota, a state counting on TransCanada Corp's pipeline to help move its newfound bounty of shale oil, is drafting contingency legislation that would see Congress green-light the project, an aide told Reuters. ... Full Story | Top |
Greek bond swap falling short, governments may fill gap: sources
Wed,11 Jan 2012 02:43 PM PST
Reuters -  FRANKFURT (Reuters) - Talks about private sector creditors paying for part of a second Greek bailout are going badly, senior European bankers said on Wednesday, raising the prospect that euro zone governments will have to increase their contribution to the aid package. "Governments are mulling an increase of their share of the burden," said one of the bankers, who is familiar with the talks. ...
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RBS to cut 3,500 jobs in investment bank cull
Wed,11 Jan 2012 11:43 PM PST
Reuters - LONDON (Reuters) - Royal Bank of Scotland is to axe about 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking. RBS, 83 percent owned by the UK government, on Thursday said it will exit from cash equities, corporate broking, equity capital markets and mergers and acquisitions businesses. It aims to cut the balance sheet of its former global banking and markets (GBM) business by 120 billion pounds ($184 billion) to 300 billion in the next three years. ... Full Story | Top |
Japan vows "concrete" steps to cut Iran oil reliance
Wed,11 Jan 2012 10:19 PM PST
Reuters - TOKYO (Reuters) - Japan pledged on Thursday to take concrete action to cut Iranian oil imports in response to an appeal for support from visiting Treasury Secretary Timothy Geithner, as Washington steps up efforts to sanction Tehran over its disputed nuclear program. Geithner welcomed Tokyo's cooperation, an encouraging sign for U.S. foreign policy after China rebuffed U.S. sanctions aimed at starving Iran of the oil revenues that provide the country of 74 million people with a vital economic support. ... Full Story | Top |
Marine abuse tape may dent Afghan peace talk drive
Wed,11 Jan 2012 11:47 PM PST
Reuters - KABUL (Reuters) - A video showing what appear to be American forces in Afghanistan urinating on dead Taliban fighters could set back efforts to broker peace talks just as the Obama administration is launching a fresh round of shuttle diplomacy. The video, which was posted on YouTube and other websites, shows four men in camouflage Marine combat uniforms urinating on three corpses. One of them jokes: "Have a nice day, buddy." Another makes a lewd joke. It is likely to stir up already strong anti-U.S. ... Full Story | Top |
Samsung may consider alliance with Olympus: source
Wed,11 Jan 2012 11:42 PM PST
Reuters -  SEOUL/TOKYO (Reuters) - South Korea's Samsung Electronics is open to forging an alliance with Japan's troubled Olympus Corp, potentially joining other electronics firms in circling one of the world's biggest names in medical equipment, sources said. Samsung's major Japanese rivals, Sony and Panasonic, have already shown interest in Olympus, now in need of capital after being swamped by a $1.7 billion accounting scandal over the past three months, sources in Tokyo have told Reuters. ...
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Buffett to Republicans: if you pay, so will I
Wed,11 Jan 2012 03:18 PM PST
Reuters -  WASHINGTON/BOSTON (Reuters) - Warren Buffett is willing to put his money where his mouth is, if only congressional Republicans would join him. The American billionaire investor, in the new issue of Time magazine, says he would donate $1 to paying down the national debt for every dollar donated by a Republican in Congress. The only exception is Senate Republican leader Mitch McConnell - for whom Buffett said he would go $3-to-$1. The idea stems from a New York Times opinion piece Buffett wrote last August in which he said the rich ought to pay more taxes. ...
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Allen Stanford lawyers want out just before trial
Wed,11 Jan 2012 06:38 PM PST
Reuters - (Reuters) - Just 12 days before jury selection is to begin in a much-delayed case, lawyers for Allen Stanford, accused of running a $7.2 billion Ponzi scheme, have asked to withdraw from the case. The request by Ali Fazel and Robert Scardino is the latest twist in a case in which Stanford, once believed to be a billionaire but who later claimed to be indigent, has employed roughly 14 different lawyers, and spent several months under medical care after being ruled incompetent to stand trial. ... Full Story | Top |
Exclusive: Second Arab monitor may quit Syria over violence
Wed,11 Jan 2012 03:50 PM PST
Reuters -  CAIRO (Reuters) - An Arab observer delegation in Syria is running into further difficulties, with two members either quitting or threatening to do so within 24 hours because their mission is proving ineffectual in ending the suffering of civilians. An observer who declined to give his name said on Wednesday he was ready to walk out, exposing rifts in an Arab peace effort a day after Anwar Malek, an Algerian observer, told Al Jazeera TV he had quit Syria because the peace mission was a "farce. ...
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Fannie Mae CEO to leave after successor chosen
Wed,11 Jan 2012 05:37 AM PST
Reuters -  WASHINGTON (Reuters) - Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures. He will depart after a successor is appointed to lead the country's largest provider of U.S. residential mortgage funding, the company said in a statement. With Williams' announced departure, the government now needs to find leaders for both of the two largest U.S. housing finance companies. Freddie Mac CEO Charles Haldeman announced plans to step down in October. ...
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Republicans head to South Carolina, guns blazing
Wed,11 Jan 2012 01:07 PM PST
Reuters -  COLUMBIA, South Carolina (Reuters) - Republican presidential contenders brought buckets of cash and sharp rhetoric to South Carolina on Wednesday for an intense 10-day battle that may determine whether anyone can stop front-runner Mitt Romney's march to the party's nomination. Despite fierce attacks from his rivals, the former Massachusetts governor captured New Hampshire's primary 16 percentage points ahead of the rest of the field on Tuesday to go two-for-two at the start of the Republican nomination race after his narrow victory in Iowa's caucuses a week earlier. ...
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Exclusive: Microsoft Web TV subscription plan on hold
Wed,11 Jan 2012 02:31 PM PST
Reuters -  NEW YORK (Reuters) - Microsoft Corp has put its talks with media companies about an online subscription service for TV shows and movies on hold, according to people familiar with the discussions. The technology giant had been in intense talks with potential programming partners for over a year and was hoping to roll out the service in the next few months. But it pulled back after deciding that the licensing costs were too high for the business model Microsoft envisaged, according to these people. ...
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Exclusive: Republicans move to control Keystone approval
Wed,11 Jan 2012 02:54 PM PST
Reuters - WASHINGTON (Reuters) - Congressional Republicans, who are urging President Barack Obama to back the Canada-to-Texas Keystone XL oil pipeline, are now working on plans to take the reins of approval from the hands of the president should the White House say no. North Dakota Senator John Hoeven, whose state is counting on the pipeline to help move its newfound bounty of shale oil, is drafting legislation that would see Congress give the green light to the project by using its constitutional powers to regulate commerce with foreign nations, an aide told Reuters. ... Full Story | Top |
Blast kills Iran nuclear expert amid 'covert war'
Wed,11 Jan 2012 09:22 PM PST
Associated Press -  It seemed a clockwork killing: Motorcycle riders flashed by and attached a magnetic bomb onto a car carrying a nuclear scientist working at Iran's main uranium enrichment facility. By the time the blast tore apart the silver Peugeot, the bike was blocks away, weaving through Tehran traffic after what Iran calls the latest strike in an escalating covert war.
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Conflict between rich, poor strongest in 24 years
Wed,11 Jan 2012 06:32 PM PST
Associated Press - Tensions between the rich and poor are increasing and at their most intense level in nearly a quarter-century, a new survey shows. Americans now see more social conflict over wealth inequality than over the hot-button topics of immigration, race relations and age. Full Story | Top |
Van der Sloot pleads guilty to killing Peru woman
Wed,11 Jan 2012 02:16 PM PST
Associated Press -  Joran van der Sloot pleaded guilty on Wednesday to the 2010 murder of a 21-year-old Peruvian woman he met at a Lima casino who was killed five years to the day of the unsolved disappearance in Aruba of an American teen in which he remains the main suspect.
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Clippers withstand Heat 95-89 in overtime
Wed,11 Jan 2012 11:20 PM PST
Associated Press -  Chris Paul had 27 points and 11 assists and the Los Angeles Clippers rallied to beat Miami 95-89 in overtime Wednesday night, dealing the Heat a second straight extra-time loss.
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