Today's Yahoo! News - Latest News & Headlines:
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Search teams suspend operations at stricken ship
Wed,18 Jan 2012 02:42 AM PST
Associated Press -  Italian rescue workers suspended operations Wednesday after a stricken cruise ship shifted slightly on the rocks near the Tuscan coast, creating deep concerns about the safety of divers and firefighters searching for the 22 people still missing.
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Congress revisiting bruising payroll tax cut fight
Wed,18 Jan 2012 12:25 AM PST
Associated Press - With television lights glaring, 20 lawmakers will gather next week to revisit the fight that consumed Congress before Christmas over renewing a Social Security payroll tax cut and unemployment benefits. Full Story | Top |
World Bank warns of global growth slowdown
Tue,17 Jan 2012 11:11 PM PST
Associated Press -  The World Bank warned Wednesday of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.
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Wikipedia editors question site's planned blackout
Wed,18 Jan 2012 12:28 AM PST
Associated Press -  Can the world live without Wikipedia for a day? The shutdown of one of the Internet's most-visited sites is not sitting well with some of its volunteer editors, who say the protest of anti-piracy legislation could threaten the credibility of their work.
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Schools close, flights canceled as storm nears NW
Wed,18 Jan 2012 01:27 AM PST
Associated Press -  Schools preemptively closed, crews salted down streets and more than two dozen flights into two Pacific Northwest cities were canceled as the region prepared for a potentially major snowstorm on Wednesday.
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Tax return often an issue for White House hopefuls
Wed,18 Jan 2012 12:29 AM PST
Associated Press -  Mitt Romney's promise to release his 2011 tax return in April follows the practice of leading presidential candidates that began after Watergate. If history is any lesson, questions and criticism will continue long afterward.
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Now NY's Legislature gets Cuomo's budget
Wed,18 Jan 2012 03:18 AM PST
Associated Press -  With a little cheerleading, a little cajoling and a little threatening, Gov. Andrew Cuomo has turned his 2012-13 budget into a rallying cry for reform of the status quo in Albany, demonizing some of its most powerful public labor unions.
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Peace Corps pullout latest blow to Honduras
Tue,17 Jan 2012 11:01 PM PST
Associated Press - The U.S. government's decision to pull out all its Peace Corps volunteers from Honduras for safety reasons is the latest blow to a nation still battered by a coup and recently labeled the world's most deadly country. Full Story | Top |
Police chiefs to discuss terrorism at White House
Wed,18 Jan 2012 03:35 AM PST
Associated Press - The Obama administration is providing senior state and local police officials with its analysis of homegrown terrorism incidents, including common signs law enforcement can use to identify violent extremists. Full Story | Top |
Nadal, Federer advance at Australian Open
Wed,18 Jan 2012 02:33 AM PST
Associated Press -  Rafael Nadal advanced to the third round of the Australian Open on Wednesday without much trouble from his opponent or his injured right knee. Rival Roger Federer got through without picking up a racket
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Yahoo co-founder Yang resigns
Tue,17 Jan 2012 08:24 PM PST
Reuters -  SAN FRANCISCO (Reuters) - Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company. Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s. ...
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Divers suspend search of capsized Italy liner
Wed,18 Jan 2012 02:06 AM PST
Reuters -  GIGLIO, Italy (Reuters) - Divers searching the capsized Italian cruise liner Costa Concordia suspended work on Wednesday after the vast wreck shifted slightly but officials said they are hoping to resume as soon as possible. Five days after the 114,500 tonne cruise ship struck a rock and capsized off the Tuscan island of Giglio, hopes of finding anyone alive have all but disappeared and salvage experts are preparing to pump 2,300 tonnes of fuel from the hulk. ...
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Romney unscathed from debate attacks
Tue,17 Jan 2012 06:10 AM PST
Reuters -  MYRTLE BEACH, South Carolina (Reuters) - Republican presidential hopefuls attacked Mitt Romney's record in business and government on Monday and challenged him to release his tax returns, but the front-runner emerged largely unscathed from a South Carolina debate. Newt Gingrich, Rick Perry and Rick Santorum questioned Romney's accomplishments and urged voters to take a critical look at the former Massachusetts governor as they tried to halt his growing momentum in the race to pick a challenger to President Barack Obama. ...
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Guantanamo commander defends prison mail review
Tue,17 Jan 2012 06:34 PM PST
Reuters - GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - The commander of the Guantanamo detention camp testified on Tuesday that it was necessary for Pentagon contractors to review the confidential mail prisoners receive from their U.S. military lawyers in order to ensure it did not contain contraband. Defense lawyers in the trial of alleged al Qaeda bomber Abd al Rahim al Nashiri said they had done nothing to earn that mistrust. They contend the order violates confidentiality rules and forces them to illegally disclose trial strategy, violating the defendants' right to a fair trial. ... Full Story | Top |
Fujifilm considering supporting Olympus
Wed,18 Jan 2012 01:08 AM PST
Reuters - TOKYO (Reuters) - Japan's Fujifilm Holdings said on Wednesday it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances. A $1.7 billion accounting fraud has severely depleted Olympus' net assets, but it is being supported by major Japanese shareholders who prefer bringing in an equity partner to selling the whole company or its assets. ... Full Story | Top |
SEC Inspector General Kotz leaving agency
Tue,17 Jan 2012 04:28 PM PST
Reuters -  WASHINGTON (Reuters) - David Kotz, the tough internal watchdog at the Securities and Exchange Commission, is leaving the agency at the end of January to join a private investigative service. Kotz, 45, probed everything from the agency's failure to catch convicted Ponzi swindler Bernard Madoff to bungled SEC contracts and even pornography-watching by agency employees. But the hard-hitting lawyer has also drawn criticism from SEC staff who have complained his tactics have led to a culture of fear at the agency. ...
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Analysis: Not-so-covert Iran war buys West time, raises tension
Wed,18 Jan 2012 03:19 AM PST
Reuters -  LONDON (Reuters) - A backseat passenger on a motorcycle weaving through the crush of Tehran's morning traffic reaches out and places a small magnetic device on the door of a silver-grey Peugeot 405. When the directional bomb explodes seconds later, blasting through the sedan's door and instantly killing nuclear scientist Mostafa Ahmadi-Roshan, a 32-year-old father of one, the motorcycle has already vanished, accelerating into the ranks of the Iranian capital's rush hour. ...
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Insight: EU banks shrink; Irish farmers, Qatari bosses flinch
Wed,18 Jan 2012 01:27 AM PST
Reuters -  LONDON (Reuters) - From his idyllic farm in Ireland's lush Wicklow Hills, Colin Hadden hatched a plan to supply his lean, grass-fed specialty lamb to some of Dublin's finest restaurants. Over the last two years, his small business boomed, taking on 15 people and opening a butcher shop and food hall. That was before his bank halved his overdraft facility to 50,000 euros. "They are literally making life impossible," said Hadden, who has been forced to ask suppliers for loans and provide credit to his restaurant customers, who are also suffering as EU banks shrink and the debt crisis bites. ...
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World Bank slashes global GDP forecasts, outlook grim
Tue,17 Jan 2012 11:31 PM PST
Reuters -  BEIJING/WASHINGTON (Reuters) - The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Bank said Europe was probably already in recession. If the euro area debt crisis deepened, global economic forecasts would be significantly lower. ...
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Asian firms may eye RIM platform; Samsung denies interest
Tue,17 Jan 2012 09:51 PM PST
Reuters -  TORONTO/SEOUL (Reuters) - Research In Motion is not on Samsung Electronics Co's immediate shopping list, but the ailing Blackberry maker may still be attractive to Asian smartphone makers looking to compete against Google's Android, the world's fastest growing mobile platform. Samsung said on Wednesday it has no interest in buying RIM or licensing its operating system, refuting a tech blog report that Canada-based RIM was looking to sell itself to the South Korean technology giant. ...
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Romney says he is taxed at around 15 percent rate
Tue,17 Jan 2012 07:29 PM PST
Reuters -  MYRTLE BEACH, South Carolina (Reuters) - Republican Mitt Romney acknowledged Tuesday that his income tax rate is "probably closer to 15 percent than anything," suggesting that one of the wealthiest people to ever run for U.S. president pays a much lower rate than most Americans. His comment, a day after Romney agreed for the first time to release his tax returns -- but not until April when they are generally filed -- added fuel to his Republican rivals' calls for him to be more transparent about his finances. ...
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U.S. adds partners to communications satellites
Tue,17 Jan 2012 05:57 PM PST
Reuters - WASHINGTON (Reuters) - Canada and four other countries will contribute $620 million toward the $1 billion cost of building and operating a ninth satellite in a new U.S. military communications system, a move that will improve cooperation among those countries and save money at a time when defense budgets are shrinking. U.S. ... Full Story | Top |
Treasury dips into pension funds to avoid debt
Tue,17 Jan 2012 03:35 PM PST
Reuters -  WASHINGTON (Reuters) - The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills. "I will be unable to invest fully" the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress. The House of Representatives is expected to vote on Wednesday on the Obama administration's request to raise the country's legal debt limit to $16.394 trillion. ...
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Accused White House gunman faces attempted assassination count
Tue,17 Jan 2012 03:35 PM PST
Reuters -  WASHINGTON (Reuters) - An Idaho man was formally indicted on Tuesday for attempting to assassinate President Barack Obama and on other criminal charges after he allegedly opened fire on the White House in November. Oscar Ortega-Hernandez, 21, was named in a 17-count indictment that included charges of damaging the White House, illegal use of a firearm, assault with a dangerous weapon and interstate transportation of a firearm and ammunition. ...
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Citi's turnaround plan hits euro crisis speedbump
Tue,17 Jan 2012 02:26 PM PST
Reuters -  (Reuters) - The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business. Citigroup shares fell more than 8 percent on Tuesday. The European crisis battered capital markets in the latter part of last year, hurting Citigroup's trading revenue and discouraging clients from doing deals that could have generated fees. ...
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