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Sunday, March 4, 2012 12:00 AM PST

Today's Reuters News Headlines - Yahoo! News: Romney builds momentum with easy Washington win Calm weather a respite in tornado zone where 39 died BP's $7.8 billion deal may speed payments for U.S. spill Romney catches Santorum in Ohio dead heat: Reuters/Ipsos poll China boosts defense spending by 11.2 percent Yes, Virginia, there is a primary - just barely Putin set to reclaim the Kremlin in Russian vote Syrian forces pound Homs, tanks deploy in east Rush Limbaugh apologizes to law student for "insulting" comment In Greece, redundancy tips factory worker over the edge Victims' families want truth at Italy shipwreck hearing Putin set to reclaim the Kremlin in Russian vote Iran touts high turnout in election BP's $7.8 billion deal may speed payments for U.S. spill Rescue, cleanups continue in vast tornado zone Santorum blasts Romney on healthcare ahead of Ohio vote Santorum blasts Romney on healthcare ahead of Ohio vote Washington state caucus a momentum test for Romney Syrian forces pound Homs, block aid convoy Rush Limbaugh apologizes to law student for "insulting" comments Four dead in south Yemen blasts, al Qaeda blamed Facebook adding banks for IPO: sources Citigroup Chairman Parsons stepping down Goldman CEO Blankfein deposed in insider case Egypt parliament starts debate on constitution body Obama calls student as contraception fight turns nasty Obama says not bluffing on Iran military option Moody's downgrades Greece after debt swap 12,000-plus MF Global customer claims deemed valid Boeing exec: 787 long-term build rate on track Suicide bomber kills 2 in Syria: SANA news agency Suicide bomber kills 2 in Syria: SANA news agency Obama calls student as contraception fight turns nasty Moody's downgrades Greece after debt swap Obama says he's not bluffing on Iran military option Citigroup Chairman Parsons stepping down U.N. chief speaks of "grisly reports" from Syria Multiple tornadoes slam U.S. midsection, four dead in Indiana U.S., North Korea hope to finalize food deal next week Yelp soars in market debut on Facebook optimism Romney builds momentum with easy Washington win Sat,3 Mar 2012 07:39 PM PST Reuters - BELLEVUE, Washington (Reuters) - Mitt Romney breezed to an easy victory in the Washington state Republican presidential caucuses on Saturday, earning another momentum boost heading into next week's crucial "Super Tuesday" contests in 10 states. With about 80 percent of precincts reporting in the non-binding straw poll, Romney had 36 percent support. Most of the precincts still to report were in pro-Romney King County, which includes the greater Seattle area. The biggest drama was the race for second place, with only about 250 votes separating U.S. ... Full Story Top Calm weather a respite in tornado zone where 39 died Sat,3 Mar 2012 11:05 PM PST Reuters - CRITTENDEN, Kentucky (Reuters) - Calm weather gave dazed residents of storm-wracked towns a respite early on Sunday as they dug out from a chain of tornadoes that cut a swath of destruction from the Midwest to the Gulf of Mexico, killing at least 39 people. The fast-moving twisters spawned by massive thunderstorms splintered blocks of homes, damaged schools and a prison, and tossed around vehicles like toys, killing 20 people in Kentucky, 14 in neighboring Indiana, three in Ohio and one in Alabama, officials said. Georgia also reported a storm-related death. ... Full Story Top BP's $7.8 billion deal may speed payments for U.S. spill Sat,3 Mar 2012 06:06 PM PST Reuters - NEW ORLEANS (Reuters) - The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. London-based BP announced the deal on Friday with the Plaintiffs' Steering Committee, or PSC, which represents condominium owners, fishermen, hoteliers, restaurateurs and others who say their livelihoods were damaged by the April 20, 2010, explosion of the Deepwater Horizon drilling rig and subsequent oil spill. ... Full Story Top Romney catches Santorum in Ohio dead heat: Reuters/Ipsos poll Sat,3 Mar 2012 10:24 PM PST Reuters - WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney has surged into a dead heat with Rick Santorum in the Ohio primary, setting up a cliffhanger race on Tuesday, according to a Reuters/Ipsos poll released on Sunday. The former Massachusetts governor and former U.S. senator from Pennsylvania are tied with 32 percent support from likely voters in the Ohio Republican primary, the most important of the 10 state nominating contests on "Super Tuesday" this week. ... Full Story Top China boosts defense spending by 11.2 percent Sat,3 Mar 2012 11:01 PM PST Reuters - BEIJING (Reuters) - China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first defense budget since President Barack Obama launched a "pivot" to reinforce U.S. influence across the Asia-Pacific. The increase was announced by Li Zhaoxing, the spokesman for China's parliament, and will bring official spending on the People's Liberation Army to 670.3 billion yuan ($110 billion) for 2012, after a 12.7 percent increase last year and a nearly unbroken string of double-digit rises across two decades. ... Full Story Top Yes, Virginia, there is a primary - just barely Sat,3 Mar 2012 05:56 PM PST Reuters - ARLINGTON, Virginia (Reuters) - Here are three safe bets on Virginia's presidential primary on Tuesday: Mitt Romney will win, turnout will be low and a lot of Republicans will be discouraged, which could help President Barack Obama in the battleground state in November. Virginia is one of the crucially important "swing" states where the November 6 presidential election will be decided, but it is a non-factor among the 10 states holding primaries or caucuses on "Super Tuesday" next week. ... Full Story Top Putin set to reclaim the Kremlin in Russian vote Sat,3 Mar 2012 08:11 PM PST Reuters - VLADIVOSTOK, Russia (Reuters) - Vladimir Putin is almost certain to win a third presidential term in an election that began on Sunday in Russia's far east, though opponents have challenged the legitimacy of a vote they say is skewed in his favor. Putin's aides hope a strong win will take the sting out of an urban protest movement that casts the former KGB spy as an authoritarian leader who rules by allowing a corrupt elite to siphon off the wealth from the world's biggest energy producer. ... Full Story Top Syrian forces pound Homs, tanks deploy in east Sat,3 Mar 2012 04:10 PM PST Reuters - BEIRUT (Reuters) - Syrian forces renewed their bombardment of parts of the shattered city of Homs and for a second day blocked Red Cross aid meant for civilians stranded without food and fuel in the former rebel stronghold, activists and aid workers said. Army tanks also deployed in the eastern city of Deir al-Zor Saturday to confront a growing rebel force there - setting up another possible flashpoint, opposition campaigners said. ... Full Story Top Rush Limbaugh apologizes to law student for "insulting" comment Sat,3 Mar 2012 07:09 PM PST Reuters - LOS ANGELES (Reuters) - Right-wing talk-show host Rush Limbaugh, roundly criticized for branding a law student a "slut" over her outspoken support of President Barack Obama's new policy on contraception coverage, apologized on Saturday for his "insulting word choices." The furor over Limbaugh's comments, made on his influential radio program, prompted Obama to call the 30-year-old Georgetown University law student and women's rights activist, Sandra Fluke, on Friday to express his support. ... Full Story Top In Greece, redundancy tips factory worker over the edge Sat,3 Mar 2012 02:41 PM PST Reuters - KOMOTINI, Greece (Reuters) - After more than 30 years as a factory worker, Dimitris Manikas was dreaming of retirement and plans to get married for the third time when a redundancy notice blew his hopes away. Laid off from his job at a trash can factory in this northern Greek town, the 52-year-old father of two called off his wedding -- even though he had bought the wedding bands. Without any income, he feared his house would be next to go. ... Full Story Top Victims' families want truth at Italy shipwreck hearing Sat,3 Mar 2012 11:22 AM PST Reuters - Survivors and relatives of victims of the Costa Concordia shipwreck clamored for truth at a pre-trial hearing in Italy on Saturday, with some still waiting for identification of the remains of their loved ones 1-1/2 months after the disaster. The giant cruise liner capsized off the Tuscan island of Giglio after hitting a rock on January 13, killing at least 25 people. Seven people are still unaccounted for, and eight of the bodies found have yet to be identified. ... Full Story Top Putin set to reclaim the Kremlin in Russian vote Sat,3 Mar 2012 03:11 PM PST Reuters - VLADIVOSTOK, Russia (Reuters) - Vladimir Putin is almost certain to win a third presidential term in an election that began on Sunday in Russia's far east, though opponents have challenged the legitimacy of a vote they say is skewed in his favor. Putin's aides hope a strong win will take the sting out of an urban protest movement that casts the former KGB spy as an authoritarian leader who rules by allowing a corrupt elite to siphon off the wealth from the world's biggest energy producer. ... Full Story Top Iran touts high turnout in election Sat,3 Mar 2012 06:43 AM PST Reuters - TEHRAN (Reuters) - Iran, under intense Western pressure over its disputed nuclear program, on Saturday declared an initial turnout of 64 percent in a parliamentary election shunned by most reformists as a sham. Iran's Islamic clerical leadership is eager to restore the damage to its legitimacy caused by the violent crushing of eight months of street protests after President Mahmoud Ahmadinejad was re-elected in a 2009 vote his opponents said was rigged. Supreme Leader Ayatollah Ali Khamenei, who endorsed the 2009 result, has since turned sharply against Ahmadinejad. ... Full Story Top BP's $7.8 billion deal may speed payments for U.S. spill Sat,3 Mar 2012 03:32 PM PST Reuters - NEW ORLEANS (Reuters) - The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. London-based BP announced the deal on Friday with the Plaintiffs' Steering Committee, or PSC, which represents condominium owners, fishermen, hoteliers, restaurateurs and others who say their livelihoods were damaged by the April 20, 2010, explosion of the Deepwater Horizon drilling rig and subsequent oil spill. ... Full Story Top Rescue, cleanups continue in vast tornado zone Sat,3 Mar 2012 03:33 PM PST Reuters - HENRYVILLE, Ind/CRITTENDEN, Ken (Reuters) - Rescue teams and residents combed through storm-wrecked towns to assess damage on Saturday from a chain of tornadoes that cut a 1,000-mile swath of destruction from the Midwest to the Gulf of Mexico, as the death toll crept up to at least 37 people. The fast-moving twisters spawned by massive thunderstorms splintered blocks of homes, damaged schools and a prison, and tossed around vehicles like toys, killing 18 people in Kentucky, 14 in neighboring Indiana, three in Ohio and one in Alabama, officials said. Georgia also reported a storm-related death. ... Full Story Top Santorum blasts Romney on healthcare ahead of Ohio vote Sat,3 Mar 2012 05:07 PM PST Reuters - BLUE ASH, Ohio (Reuters) - Republican Rick Santorum lashed out at chief rival Mitt Romney on Saturday as "uniquely unqualified" to challenge President Barack Obama in November's election and urged Ohio voters to join him in rejecting the party's old-boy establishment. On a busy day of campaigning ahead of Ohio's vital Republican primary on Tuesday, Santorum portrayed himself as a blue-collar underdog who would remain true to his conservative principles in battling heavy-handed government power. ... Full Story Top Santorum blasts Romney on healthcare ahead of Ohio vote Sat,3 Mar 2012 03:56 PM PST Reuters - BLUE ASH, Ohio (Reuters) - Republican Rick Santorum lashed out at chief rival Mitt Romney on Saturday as "uniquely unqualified" to challenge President Barack Obama in November's election and urged Ohio voters to join him in rejecting the party's old-boy establishment. On a busy day of campaigning ahead of Ohio's vital Republican primary on Tuesday, Santorum portrayed himself as a blue-collar underdog who would remain true to his conservative principles in battling heavy-handed government power. ... Full Story Top Washington state caucus a momentum test for Romney Sat,3 Mar 2012 02:30 PM PST Reuters - (Reuters) - Mitt Romney, who regained front-runner status in the Republican presidential race with three state wins this week, could build on that momentum with a victory in the Washington state caucuses on Saturday just three days before crucial Super Tuesday voting. The former Massachusetts governor led a Public Policy Polling opinion poll in Washington state on Friday, boosted by wins this week over main rival, former Pennsylvania Senator Rick Santorum, in Michigan, Arizona and Wyoming nominating contests. ... Full Story Top Syrian forces pound Homs, block aid convoy Sat,3 Mar 2012 12:01 PM PST Reuters - Syrian forces bombarded parts of the shattered city of Homs anew on Saturday and blocked the first Red Cross aid meant for civilians stranded for weeks without food and fuel in the former rebel stronghold, activists and aid workers said. The renewed government assault came a day after U.N. Secretary-General Ban Ki-moon said he had received "grisly reports" that President Bashar al-Assad's troops were executing, imprisoning and torturing people in Syria's third largest city. "In an act of pure revenge, Assad's army has been firing mortar rounds and ... ... Full Story Top Rush Limbaugh apologizes to law student for "insulting" comments Sat,3 Mar 2012 03:14 PM PST Reuters - LOS ANGELES (Reuters) - Conservative talk-show host Rush Limbaugh, facing heavy criticism for branding a law student a "slut" over her remarks on President Barack Obama's new policy on contraception, apologized on Saturday. The furor prompted Obama to call the Georgetown University student, Sandra Fluke, on Friday to express his support. "My choice of words was not the best, and in the attempt to be humorous, I created a national stir," Limbaugh said in a written statement. "I sincerely apologize to Ms. Fluke for the insulting word choices. ... Full Story Top Four dead in south Yemen blasts, al Qaeda blamed Sat,3 Mar 2012 10:44 AM PST Reuters - SANAA (Reuters) - Two suicide bombers drove a car packed with explosives into a Yemeni army base in the southern province of al-Bayda on Saturday, killing one soldier, the Defence Ministry said, in an attack for which al Qaeda claimed responsibility. Another soldier was killed by one of two blasts aimed at a central security forces building in the southern coastal town of Mukalla, where a March 25 suicide bombing killed at least 26 people. Authorities said they had made several arrests. ... Full Story Top Facebook adding banks for IPO: sources Fri,2 Mar 2012 02:30 PM PST Reuters - SAN FRANCISCO (Reuters) - Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday. Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added, said the sources, who requested anonymity because they were not authorized to speak publicly on the matter. Last September, Facebook increased its credit line to $2.5 billion. One of the sources said that the credit line may be increased to about $5 billion in the future. In February 2011, Facebook set up a $1. ... Full Story Top Citigroup Chairman Parsons stepping down Fri,2 Mar 2012 04:35 PM PST Reuters - (Reuters) - Richard Parsons will step down as chairman of Citigroup Inc at its annual meeting in April and will be succeeded by Michael O'Neill, the former chief executive of Bank of Hawaii Corp, Citigroup said on Friday. Two other board members are also leaving. The moves will leave Citi under the leadership of directors and top executives who came to the company following losses in the financial crisis that required government bailouts. Parsons, 63, joined the board 16 years ago and became chairman in 2009. ... Full Story Top Goldman CEO Blankfein deposed in insider case Fri,2 Mar 2012 02:10 PM PST Reuters - NEW YORK (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein was interviewed under oath last week as a witness in the insider-trading case of Rajat Gupta, a former Goldman director and onetime global head of McKinsey & Co, according to court documents filed on Friday. Blankfein was asked in a day-long February 24 deposition whether or not he knew others at Goldman had been interviewed by U.S. prosecutors about the Gupta case. His answer was not included in a partial transcript entered in the court record. ... Full Story Top Egypt parliament starts debate on constitution body Sat,3 Mar 2012 07:29 AM PST Reuters - CAIRO (Reuters) - Egyptian lawmakers held a heated debate on Saturday as they began selecting 100 people tasked with writing a new constitution, a process crucial to future democracy in the country after the ouster of Hosni Mubarak. The document will define the balance of power between the army-backed executive and parliament, which wants to curb broad presidential powers and may become the focus of confrontations over the role of Islam in Egyptian laws and society. ... Full Story Top Obama calls student as contraception fight turns nasty Fri,2 Mar 2012 06:28 PM PST Reuters - WASHINGTON (Reuters) - President Barack Obama called a law student on Friday to express his support after she was branded a "slut" by controversial right-wing talk-show host Rush Limbaugh for her outspoken support of Obama's new policy on contraception coverage. Sandra Fluke, a 30-year old student and women's rights activist at Georgetown University in Washington, has been caught in the middle of a contentious election-year fight between Obama and Republicans over the policy, which requires health insurance plans to cover contraception. ... Full Story Top Obama says not bluffing on Iran military option Fri,2 Mar 2012 05:14 PM PST Reuters - WASHINGTON/OTTAWA (Reuters) - President Barack Obama issued his most direct threat yet of U.S. military action against Iran if it builds a nuclear weapon, but in a message to Israel's leader ahead of White House talks he also cautioned against a pre-emptive Israeli strike. "As president of the United States, I don't bluff," Obama warned Iran in a magazine interview published on Friday, three days before he will host Israeli Prime Minister Benjamin Netanyahu in Washington. ... Full Story Top Moody's downgrades Greece after debt swap Fri,2 Mar 2012 05:21 PM PST Reuters - NEW YORK (Reuters) - Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level after a debt-restructuring deal that imposes hefty economic losses for private creditors. Moody's lowered Greece's local and foreign-currency bond ratings a notch to C from Ca, becoming the third credit rating agency to downgrade the country following the announcement of the swap deal to lighten its debt burden. Moody's says that bonds rated C "are the lowest rated class and are typically in default, with little prospect for recovery of principal or interest. ... Full Story Top 12,000-plus MF Global customer claims deemed valid Fri,2 Mar 2012 02:37 PM PST Reuters - (Reuters) - The trustee for MF Global's fallen brokerage said he is nearly halfway through the process of determining the validity of more than 25,000 claims from commodities customers burned by MF Global's collapse. Trustee James Giddens said in a court filing on Friday he has deemed 12,143 claims valid, denying only three. He has another 13,000 claims to get through, according to the filing. Deeming a claim valid legitimizes the claim itself, but does not guarantee full payback. ... Full Story Top Boeing exec: 787 long-term build rate on track Fri,2 Mar 2012 03:27 PM PST Reuters - SEATTLE (Reuters) - Boeing Co will build 10 787 Dreamliners per month by the end of 2013, the head of the plane-maker's commercial airplanes division said on Friday, shrugging off industry concerns that a glitch in the fuselage will put the goal out of reach. "It shouldn't," Jim Albaugh said on the sidelines of an event marking the 1,000th delivery of Boeing's widebody 777. Dubai-based Emirates Airline will receive the plane this month. Last month, the world's second-largest commercial plane-maker after EADS unit Airbus, reported signs of "delamination" on the rear fuselage of some 787s. ... Full Story Top Suicide bomber kills 2 in Syria: SANA news agency Sat,3 Mar 2012 02:07 AM PST Reuters - BEIRUT (Reuters) - A suicide bomber killed two people and wounded several others in the southern Syrian town of Deraa on Saturday, the Syrian state news agency Sana said. "The terrorist explosion led to the martyrdom of two citizens," the agency said. Opposition activists denied that the explosion was caused by a bomber but did not give an explanation for the reported attack. (Reporting by Oliver Holmes in Beirut and Suleiman al-Khalidi in Amman; Editing by Mark Heinrich) Full Story Top Suicide bomber kills 2 in Syria: SANA news agency Sat,3 Mar 2012 02:05 AM PST Reuters - BEIRUT (Reuters) - A suicide bomber killed two people and wounded several others in the southern Syrian town of Deraa on Saturday, the Syrian state news agency Sana said. "The terrorist explosion led to the martyrdom of two citizens," the agency said. Opposition activists denied that the explosion was caused by a bomber but did not give an explanation for the reported attack. (Reporting by Oliver Holmes in Beirut and Suleiman al-Khalidi in Amman; Editing by Mark Heinrich) Full Story Top Obama calls student as contraception fight turns nasty Fri,2 Mar 2012 03:48 PM PST Reuters - WASHINGTON (Reuters) - President Barack Obama called a law student on Friday to express his support after she was branded a "slut" by controversial right-wing talk-show host Rush Limbaugh for her outspoken support of Obama's new policy on contraception coverage. Sandra Fluke, a student at Georgetown University in Washington, has been caught in the middle of a contentious election-year fight between Obama and Republicans over the policy, which requires health insurance plans to cover contraception. ... Full Story Top Moody's downgrades Greece after debt swap Fri,2 Mar 2012 03:58 PM PST Reuters - NEW YORK (Reuters) - Moody's Investors Service on Friday cut Greece's sovereign debt rating to the lowest possible level after a debt restructuring deal that imposes hefty economic losses for private creditors. Moody's lowered Greece's local and foreign-currency bond ratings a notch to C from Ca, becoming the third credit rating agency to downgrade the country following the announcement of the swap deal to lighten its debt burden. Moody's said it did not assign any future outlook to the rating due to the very high likelihood of a default by the Greek government on its bonds. ... Full Story Top Obama says he's not bluffing on Iran military option Fri,2 Mar 2012 02:02 PM PST Reuters - WASHINGTON/OTTAWA (Reuters) - President Barack Obama issued his most direct threat yet of U.S. military action against Iran if it builds a nuclear weapon, but in a message to Israel's leader ahead of White House talks he also cautioned against a pre-emptive Israeli strike. "As president of the United States, I don't bluff," Obama warned Iran in a magazine interview published on Friday, three days before he will host Israeli Prime Minister Benjamin Netanyahu in Washington. ... Full Story Top Citigroup Chairman Parsons stepping down Fri,2 Mar 2012 03:11 PM PST Reuters - (Reuters) - Richard Parsons will step down as chairman of Citigroup Inc at its annual meeting in April and is to be succeeded by Michael O'Neill, the former chief executive of Bank of Hawaii Corp, Citigroup said on Friday. Two other board members are also leaving. The moves will leave Citi under the leadership of directors and top executives who came to the company after it suffered losses in the financial crisis that required government bailouts. Parsons, 63, joined the board 16 years ago and became chairman in 2009. ... Full Story Top U.N. chief speaks of "grisly reports" from Syria Fri,2 Mar 2012 01:32 PM PST Reuters - BEIRUT/NEW YORK (Reuters) - U.N. Secretary-General Ban Ki-moon said on Friday he had received "grisly reports" that Syrian government forces were arbitrarily executing, imprisoning and torturing people in the battle-scarred city of Homs after rebel fighters had fled. The Baba Amro district of Homs became a symbol of resistance to Syrian President Bashar al-Assad after government troops surrounded it with tanks and artillery and shelled it intensively for weeks, killing and wounding civilians cowering in its ruined buildings. ... Full Story Top Multiple tornadoes slam U.S. midsection, four dead in Indiana Fri,2 Mar 2012 03:51 PM PST Reuters - NASHVILLE, Tennessee (Reuters) - A swarm of tornadoes tore through the U.S. midsection on Friday, splintering homes, damaging a prison, overturning trucks and killing at least four people in the hard-hit state of Indiana, officials said. At least one person died in the southern Indiana town of Henryville, where television images showed homes blown apart and vehicles including a school bus thrown into buildings. Three others died elsewhere in the state. "The reports coming in are not good," U.S. Senator Dan Coats of Indiana told CNN. ... Full Story Top U.S., North Korea hope to finalize food deal next week Fri,2 Mar 2012 02:10 PM PST Reuters - WASHINGTON (Reuters) - The United States and North Korea will meet in Beijing next week to finalize details of a new U.S. food aid program that has opened the door to a renewal of nuclear talks with Pyongyang, the U.S. State Department said on Friday. Robert King, the State Department's special envoy for human rights in North Korea, is to meet with North Korean officials on Wednesday to discuss technical elements of the proposal along with monitoring standards. ... Full Story Top Yelp soars in market debut on Facebook optimism Fri,2 Mar 2012 02:55 PM PST Reuters - (Reuters) - Consumer review website Yelp Inc made a sparkling market debut on Friday, buoyed by optimism ahead of Facebook's public listing and hopes for further successful public listings by Internet companies down the road. Yelp's stock closed 64 percent higher at $24.58, a day after Yelp priced its IPO at $15 a share - above its indicated range of $12 to $14. At Friday's closing price, the company is worth about $1.47 billion - about 17 times its 2011 revenue. ... Full Story Top

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