Today's Reuters News Headlines - Yahoo! News: | | Romney wins Ohio, but fails to land knockout blow Tue,6 Mar 2012 11:06 PM PST Reuters - STEUBENVILLE, Ohio (Reuters) - Mitt Romney eked out a close victory in Ohio but failed to land a knockout blow against rival Rick Santorum on the Republican presidential nominating contest's biggest night, raising the chances of a drawn-out battle between the party's establishment and its grassroots conservatives. Romney won five of the 10 state contests on Tuesday but his margin of victory was uncomfortably slim in Ohio, the night's biggest prize. Unlike previous contests, this year's "Super Tuesday" results failed to anoint a nominee. ...
Full Story | Top | Stanford guilty of bilking investors of billions Tue,6 Mar 2012 03:46 PM PST Reuters - HOUSTON (Reuters) - Allen Stanford was convicted on Tuesday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags trajectory for the former Texas financier and Caribbean playboy. It was a vindication for the U.S. government, which closed down Stanford's financial empire in February 2009 but had failed for years to address signs that the business was built on air. The Stanford case was the biggest investment fraud since Bernard Madoff's. Stanford was found guilty on 13 of 14 criminal counts, including fraud, conspiracy and obstructing an investigation by the U.S. ...
Full Story | Top | Athens, creditor group turn up heat on Greek bondholders Tue,6 Mar 2012 02:59 PM PST Reuters - LONDON/ATHENS (Reuters) - Athens turned up the heat on its creditors on Tuesday as it sought to secure a bond swap that will cut its mountainous debt, while the main bondholders group warned a disorderly default would cause more than a trillion euros of damage to the euro zone. Greek private creditors have until Thursday night to say whether they will participate in the exchange that is a key part of a bailout program to help Greece manage its wrecked finances and meet a debt repayment on March 20. ...
Full Story | Top | Insight: Japan missed tsunami wake-up call for change Tue,6 Mar 2012 06:13 PM PST Reuters - TOKYO (Reuters) - Three months after Japan's March 11 triple disaster, a long-time expert on the country arrived in Tokyo to research a book he intended to entitle "Rebirth of a Nation." Months later, Richard Samuels is calling his work "The Rhetoric of Crisis." A year after the huge earthquake, deadly tsunami and the world's worst nuclear disaster in a quarter century jolted the country, it is clear that even a shock of such magnitude failed to snap it out of its economic and political torpor. "So far it seems there was more talk of change than change itself. ...
Full Story | Top | Obama says new Iran talks should calm "drums of war" Tue,6 Mar 2012 09:18 PM PST Reuters - WASHINGTON/BRUSSELS (Reuters) - President Barack Obama said an announcement of six-power talks with Iran offered a diplomatic chance to defuse a crisis over its nuclear program and quiet the "drums of war." EU foreign policy chief Catherine Ashton, who represents the United States, Russia, China, France, Britain and Germany in dealings with Iran, announced Tuesday a fresh bid to allay suspicions that Iran is developing nuclear weapons after weeks of consultations with the other powers. ...
Full Story | Top | Peugeot offers big discount on $1.3 billion share sale Tue,6 Mar 2012 03:00 PM PST Reuters - PARIS/GENEVA (Reuters) - French carmaker PSA Peugeot Citroen offered its shares at a deep discount on Tuesday in a 1 billion euro ($1.3 billion) rights issue to fund an alliance with General Motors aimed at boosting overseas growth and new model development. U.S. automaker GM and Peugeot announced an alliance last week to co-operate on developing new cars with the aim of saving $2 billion annually via pooling purchasing and research and development. The French carmaker hopes the deal will help it step up expansion in lucrative new markets as Europe's car market struggles. ...
Full Story | Top | Two UK Murdoch journalists in apparent suicide bids Tue,6 Mar 2012 03:00 PM PST Reuters - LONDON (Reuters) - Two senior journalists working for Rupert Murdoch's News International have apparently attempted suicide as pressure mounts at the scandal-hit publisher of the now-defunct News of the World. Three sources close to the company told Reuters on Tuesday the two journalists at the Sun daily appeared to have tried to take their own lives. Investigations sparked by a phone-hacking scandal continue to expose dubious practices by present and past employees. ... Full Story | Top | Insight: Catch me if you can - oil sanctions against Iran Tue,6 Mar 2012 03:00 PM PST Reuters - LONDON (Reuters) - International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades. As Washington and its allies tighten the screws on Tehran over its nuclear program, Iran is coming up with new ways to sell its oil - offering special deals to allies China and India, delivering oil to clients and swapping it for gold and grain. Tehran may also be devising ways to make its oil more saleable on international markets, switching it between tankers and blending crudes to disguise the origin, oil trading and shipping sources have told Reuters. ...
Full Story | Top | Hacking "mole" helps FBI arrest Anonymous leaders Tue,6 Mar 2012 07:13 PM PST Reuters - NEW YORK (Reuters) - One of the world's most-wanted hackers secretly became an FBI informant last year, providing evidence that led to charges on Tuesday against five other suspected leaders of the Anonymous international hacking group. In a major blow to Anonymous, which has attacked the websites of government agencies and companies around the world, U.S. authorities revealed that a leading hacker "Sabu" was Hector Xavier Monsegur and that he was arrested at his small apartment in a Manhattan housing complex last June. ...
Full Story | Top | Former Iceland central bank chief warned of looming crisis Tue,6 Mar 2012 03:02 PM PST Reuters - REYKJAVIK (Reuters) - Iceland's former central bank chief had warned about the country's over-sized banks before they went bust in 2008, he said Tuesday at the trial of a former prime minister for failing to prevent the crisis. David Oddsson was speaking on the second day of witness hearings at the trial of Geir Haarde, the only political leader to face prosecution over the crisis that hit the world economy. He has denied the charges. Iceland's top three banks all collapsed in late 2008 after years of debt-fuelled expansion. ...
Full Story | Top | Obama says new Iran talks should calm "drums of war" Tue,6 Mar 2012 03:23 PM PST Reuters - WASHINGTON/BRUSSELS (Reuters) - President Barack Obama said an announcement on Tuesday of six-power talks with Iran offered a diplomatic chance to defuse a crisis over its nuclear program and quiet the "drums of war." EU foreign policy chief Catherine Ashton, who represents the United States, Russia, China, France, Britain and Germany in dealings with Iran, announced a fresh bid to allay suspicions that Iran is developing nuclear weapons after weeks of consultations with the other powers. ...
Full Story | Top | Wanted computer hacker helps bring charges Tue,6 Mar 2012 03:28 PM PST Reuters - NEW YORK (Reuters) - One of the world's most-wanted cyber hackers secretly became an FBI informant last year and helped bring in five other suspected leaders of the loose-knit international Anonymous group who were charged with computer crimes on Tuesday. In a major blow to Anonymous, which has hacked the websites of government agencies and companies around the world, U.S. authorities said the hacker, Hector Xavier Monsegur, was arrested at his small apartment in a Manhattan housing complex last June. ...
Full Story | Top | Apple's next iPad may be a 4G game changer Tue,6 Mar 2012 04:44 PM PST Reuters - SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and AT&T Inc a revenue boost. Until now, Apple's fan legion has been reluctant to shell out extra money even for iPads with 3G connections. The cheaper Wi-Fi-only model -- with more limited Web access -- is by far the top-selling one today. The newest iPad will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution network, according to a source familiar with the product. ...
Full Story | Top | Gingrich wins Republican primary in Georgia: TV networks project Tue,6 Mar 2012 04:06 PM PST Reuters - WASHINGTON (Reuters) - Newt Gingrich won the Republican presidential primary in his home state of Georgia, TV networks projected on Tuesday, giving the former congressman his second victory of the primary season. Gingrich, who spent much of the last week campaigning on his home turf, last won a victory in January in South Carolina. Georgia has the biggest number of delegates of the states holding nominating contests on Super Tuesday and Gingrich had said he had to win the state to keep his campaign viable. (Reporting by Deborah Charles; Editing by Vicki Allen)
Full Story | Top | Romney, Santorum look to Ohio for Super Tuesday breakthrough Tue,6 Mar 2012 03:57 PM PST Reuters - COLUMBUS, Ohio (Reuters) - Mitt Romney fought to establish an unassailable lead over chief rival Rick Santorum in the race for the Republican U.S. presidential nomination, with Ohio the biggest prize among 10 states holding contests on Tuesday. Romney, the winner of the past five state contests, carried momentum into "Super Tuesday," the biggest day so far in the roller coaster Republican campaign. Some 419 of the 1,144 delegates needed to win the party's nomination are at stake. ...
Full Story | Top | Apple's next iPad may be a 4G game changer Tue,6 Mar 2012 03:02 PM PST Reuters - SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and AT&T Inc a revenue boost. Until now, Apple's fan legion has been reluctant to shell out extra money even for iPads with 3G connections. The cheaper Wi-Fi-only model -- with more limited Web access -- is by far the top-selling one today. The newest iPad will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution network, according to a source familiar with the product. ...
Full Story | Top | AIA shares slide after $6 billion AIG selldown Tue,6 Mar 2012 02:10 AM PST Reuters - HONG KONG (Reuters) - Shares in AIA Group Ltd had their second-biggest one-day percentage fall on Tuesday after its former parent, American International Group (AIG)), raised about $6 billion by selling shares at the bottom end of the marketing range. AIG's long-awaited selldown punctured a rally in AIA shares this year, which were driven up on the back of strong earnings and on expectations of a bid for ING's Asian life insurance business. The U.S. insurer will use the proceeds to repay part of the $182 billion bailout it got in 2008 from the U.S. ...
Full Story | Top | Car makers battle to escape Europe's slow lane Tue,6 Mar 2012 09:17 AM PST Reuters - GENEVA/LONDON (Reuters) - The differing fortunes of carmakers in Europe were on display at the Geneva Auto Show, with investment by Nissan and upbeat forecasts from BMW and Volkswagen, while Peugeot is selling its shares on the cheap to fund a tie-up with General Motors. The European car industry seems to be reaching a tipping point, with a grinding price war underway in a withering market, combined with high overheads from excess manufacturing capacity. But the pain is not being shared out equally. ...
Full Story | Top | Netanyahu tells Obama: No Israeli decision on Iran attack Mon,5 Mar 2012 07:52 PM PST Reuters - WASHINGTON (Reuters) - Benjamin Netanyahu assured President Barack Obama on Monday that Israel has not made any decision on attacking Iran's nuclear sites, sources close to the talks said, but the Israeli prime minister gave no sign of backing away from possible military action. With Obama appealing for more time to allow international sanctions to work against Tehran, the two men agreed to keep up their coordination on the issue, but differences remained on how to prevent Iran from developing nuclear weapons. ...
Full Story | Top | Obama: Syria's Assad "will fall," but no air strikes Tue,6 Mar 2012 12:34 PM PST Reuters - WASHINGTON/BEIRUT (Reuters) - President Barack Obama said on Tuesday it was only a matter of time before Syria's President Bashar al-Assad left office, but added it was a mistake to think the U.S. could take unilateral action there. "Ultimately this dictator will fall," Obama said at a news conference, adding that it was not a question of if but when Assad would be forced out. But he squarely opposed a call by U.S. Senator John McCain who on Monday urged U.S. air strikes on Assad's forces. ...
Full Story | Top | Analysis: Wal-Mart's price push tests manufacturers' prowess Tue,6 Mar 2012 12:59 PM PST Reuters - NEW YORK/CHICAGO (Reuters) - Consumer staples companies have a problem. It costs more to make everything from soup to soap to soda, but when they raise prices they turn off consumers and strain their relationships with Wal-Mart Stores Inc , their biggest customer. For some companies, like Clorox Co and Kraft Foods Inc , the problem can be comparatively easy to handle. They either have brands that consumers like, and therefore Wal-Mart needs, or they are big enough to have significant negotiating power. ...
Full Story | Top | Japan watchdog files criminal complaint against Olympus Tue,6 Mar 2012 03:01 AM PST Reuters - TOKYO (Reuters) - Japan's securities watchdog became on Tuesday the latest authority to file a criminal complaint against Olympus Corp, some former executives and outside advisers over the company's $1.7 billion accounting fraud. The Securities Exchange and Surveillance Commission (SESC) said it had requested criminal charges be filed by public prosecutors against individuals involved in dubious mergers and acquisitions used to hide losses in one of Japan's biggest corporate scandals. ...
Full Story | Top | Russian protesters fear Putin will get tough Tue,6 Mar 2012 08:50 AM PST Reuters - MOSCOW (Reuters) - Russia's opposition said on Tuesday they feared Vladimir Putin had decided to use force to smother their protests after riot police detained hundreds of demonstrators challenging his presidential election victory. After three months of peaceful anti-Putin protests, police hauled away more than 500 people, including opposition leaders, who attended unsanctioned protests in Moscow and St Petersburg on Monday or refused to leave after a rally that was permitted. ...
Full Story | Top | Investors roll the dice as Apple's value booms Tue,6 Mar 2012 06:35 AM PST Reuters - (Reuters) The world's most valuable company has turned into a bit of a casino stock. Since Apple Inc on February 29 became only the sixth company in U.S. history to top $500 billion in market capitalization, trading has become more volatile, indicating that more investors are tracking headlines and looking for quick gains. Apple has gained 32 percent since the beginning of the year, outstripping its gains for all of 2011. It accounts for more than 4 percent of the weight of the S&P 500 index, a kind of outsized standing that has caused its moves to dictate market direction on a daily basis. ...
Full Story | Top | Euro zone industry, spending down in late 2011 Tue,6 Mar 2012 04:15 AM PST Reuters - BRUSSELS (Reuters) - A collapse in household spending, exports and manufacturing sucked the life out of the euro zone's economy in the final months of 2011, the EU said on Tuesday, showing the scope of the downturn that looks set to become a fully fledged recession. Output in the 17 countries sharing the euro shrank 0.3 percent in October to December from the third quarter, the European Union's statistics office Eurostat said, confirming an earlier estimate released last month. ...
Full Story | Top | Insight: Papua New Guinea mountain disaster questions Exxon Tue,6 Mar 2012 12:02 AM PST Reuters - (Reuters) - A deadly landslide in the mountains of Papua New Guinea, near where U.S. oil major Exxon Mobil is building a $15.7 billion gas project, is raising fresh questions about the global energy industry's scramble for ever harder-to-reach resources. The landslide tore through a quarry used by Exxon in January, killing at least 25 people in the poor South Pacific country, but it has stirred little international publicity, even though an expert report had questioned the safety of the excavations. ...
Full Story | Top | Allen Stanford jury says unable to reach verdict Mon,5 Mar 2012 04:37 PM PST Reuters - HOUSTON (Reuters) - The jury weighing evidence against Allen Stanford said on Monday it was unable to reach a verdict in the trial of the former Texas financier. Stanford, on trial in federal court in Houston, is accused of running a $7.1 billion Ponzi scheme. After the jurors sent a note saying they were unable to reach a verdict, U.S. District Judge David Hittner called them into the courtroom and instructed them to keep deliberating, saying the trial had been costly in time and money. "I'm going to ask that you continue your deliberations," he said. ...
Full Story | Top | Party for baby whose birth saved father from Japan tsunami Tue,6 Mar 2012 04:01 AM PST Reuters - MINAMISANRIKU (Reuters) - Searching through piles of bodies after Japan's March 11 tsunami, Kenji Sato was struck by the thought -- he could easily have been one of them, had it not been for his son born earlier that day. In a fortunate twist of fate, Sato, a wiry descendant of fishermen in his coastal hometown of Minamisanriku, took time off from work to see his third child, Haruse, born at a hospital in a nearby port city. Hours later, the only thing left of the nursing home where he would usually have been was a skeleton of steel pillars. ...
Full Story | Top | No policy shift from new North Korea leader despite nuclear deal Tue,6 Mar 2012 05:37 AM PST Reuters - BEIJING (Reuters) - North Korea's willingness to cut a surprise deal with the United States on the future of its nuclear program does not signal any policy shift by the reclusive state's young new leader, a source with links to both Pyongyang and Beijing said. The source, speaking on condition of anonymity, also warned against applying pressure similar to sanctions on Iran to get it to jettison its nuclear ambitions, saying any perceived insincerity from Washington would quickly drive Pyongyang from the table. ...
Full Story | Top | More than half of Americans back Obama's Koran apology Mon,5 Mar 2012 03:42 PM PST Reuters - WASHINGTON (Reuters) - More than half of Americans support President Barack Obama's apology for U.S. troops burning copies of the Koran, an incident that triggered a spate of bloody protests and attacks on U.S. soldiers in Afghanistan. In a Reuters/Ipsos poll released on Monday, 56 percent of those surveyed backed Obama, who has been criticized by U.S. Republican presidential candidates for apologizing to Afghan President Hamid Karzai. Twenty-three percent disagreed. ... Full Story | Top | U.S. defends killing Americans who join al Qaeda Mon,5 Mar 2012 04:02 PM PST Reuters - CHICAGO (Reuters) - The Obama administration asserted on Monday a right to kill Americans overseas who are plotting attacks against the United States, laying out specific details for the first time about a policy that critics argue violates U.S. and international law. U.S. Attorney General Eric Holder said that Americans who have joined al Qaeda or its affiliates can be targeted for lethal strikes if there is an imminent threat to the United States and capturing them is not feasible. ...
Full Story | Top | Obama admin appeals ruling on tobacco health label Mon,5 Mar 2012 02:44 PM PST Reuters - WASHINGTON (Reuters) - The Obama administration on Monday appealed a decision that found unconstitutional a U.S. Food and Drug Administration regulation requiring tobacco companies to put large, graphic health warnings on cigarette packages and advertising. U.S. District Judge Richard Leon last week ruled that requiring tobacco companies to use the graphic labels, which included images of rotting teeth and diseased lungs, was a violation of their free-speech rights under the Constitution. ...
Full Story | Top | Shareholders to sue Tepco executives for $67 billion Mon,5 Mar 2012 02:45 PM PST Reuters - TOKYO (Reuters) - Shareholders of Tokyo Electric Power Co Inc, operator of the crippled Fukushima nuclear plant in northeast Japan, are suing the utility's executives for a record 5.5 trillion yen ($67.4 billion) in compensation, lawyers said. The Fukushima Daiichi plant was wrecked by a quake and tsunami last March, triggering the world's worst nuclear crisis in a quarter of a century and swamping the firm with huge clean-up, compensation and decommissioning costs. ...
Full Story | Top | Boeing has inspected five 787s for fuselage flaw Mon,5 Mar 2012 02:44 PM PST Reuters - SEATTLE (Reuters) - Boeing Co has inspected five 787 Dreamliners for a recently discovered flaw in the fuselage and remains on track to build 10 of the airplanes per month by the end of 2013, the new head of Boeing's 787 program said on Monday. The plane maker is inspecting the first 55 787s built before the problem was discovered and will repair them as needed, Larry Loftis told Reuters before a groundbreaking ceremony for a new delivery center at Boeing Commercial Airplanes. "We will touch every single airplane," said Loftis, the former leader of Boeing's successful 777 airplane program. ...
Full Story | Top | Part of Southwest free drinks lawsuit thrown out Mon,5 Mar 2012 03:46 PM PST Reuters - (Reuters) - Southwest Airlines Co has won the dismissal of part of a federal lawsuit by fliers who said the discount carrier improperly stopped honoring coupons for free alcoholic drinks, where the coupons had no expiration dates. U.S. District Judge Matthew Kennelly in Chicago said federal airline law preempts claims accusing Southwest of unjust enrichment and violating state consumer fraud laws. He did not address a breach of contract claim, after the carrier conceded in a court filing that a "narrow construction" of that claim could survive. ... Full Story | Top | Obama, Netanyahu give no sign of narrowing gap on Iran Mon,5 Mar 2012 08:41 AM PST Reuters - WASHINGTON (Reuters) - President Barack Obama appealed to Benjamin Netanyahu on Monday to give sanctions time to curb Iran's nuclear ambitions, but the Israeli prime minister offered no sign of backing away from possible military action, saying his country must be the "master of its fate." The two men, who have had a strained relationship, sought to present a united front in the Iranian nuclear standoff as they held White House talks. But their public statements revealed differences over how to prevent Iran from developing nuclear weapons. ...
Full Story | Top | AIG to sell $6 billion in AIA stock to repay bailout Mon,5 Mar 2012 12:19 PM PST Reuters - HONG KONG (Reuters) - American International Group is selling part of its stake in AIA Group to raise about $6 billion, which will help the insurer repay part of its government bailout. Markets reacted favorably, with AIG shares rising to their highest levels in 10 months on the news. AIG is looking to sell about 1.7 billion AIA shares at HK$27.15 to HK$27.50 each, according to a term sheet Reuters saw on Monday. That would be a discount of up to 7 percent to Friday's closing price. The shares will go to institutional investors. ...
Full Story | Top | Allen Stanford jury says unable to reach verdict Mon,5 Mar 2012 03:33 PM PST Reuters - HOUSTON (Reuters) - The jury weighing evidence against Allen Stanford said on Monday it was unable to reach a verdict in the trial of the former Texas financier. Stanford, on trial in federal court in Houston, is accused of running a $7.1 billion Ponzi scheme. U.S. District Judge David Hittner called in the jurors and instructed them to keep deliberating, saying the trial had been costly in time and money. "I'm going to ask that you continue your deliberations," he said. The jury has been deliberating for more than 20 hours. The trial began on January 23. ...
Full Story | Top | Romney, Santorum hunt for Super Tuesday votes in Ohio Mon,5 Mar 2012 01:39 PM PST Reuters - DAYTON, Ohio (Reuters) - Rivals Mitt Romney and Rick Santorum made their final pitch for support in the vital battleground state of Ohio on Monday, the day before 10 states hold Super Tuesday nominating contests that could be pivotal in an unpredictable Republican presidential race. Romney has been gaining on Santorum in polls in Ohio all week, erasing a double-digit lead for the former senator from Pennsylvania. Three new surveys on Monday showed a tight race: one gave Romney a slight edge, one had Santorum with a small lead and the third showed a dead heat. ...
Full Story | Top | Hundreds of anti-Putin protesters detained in Russia Mon,5 Mar 2012 12:54 PM PST Reuters - MOSCOW (Reuters) - Russian riot police detained more than 500 protesters including opposition leader Alexei Navalny on Monday at rallies challenging the legitimacy of Vladimir Putin's victory in the presidential election. Putin, who secured almost 64 percent of the votes on Sunday, portrayed his return to the presidency as a triumph over opponents who were trying to usurp power, though international monitors said the vote was clearly skewed in his favour. ...
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