Today's Reuters News Headlines - Yahoo! News:
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Romney aims to pressure Santorum with wins Tuesday
Mon,2 Apr 2012 10:08 PM PDT
Reuters -  MILWAUKEE (Reuters) - Mitt Romney can take a big step toward the Republican U.S. presidential nomination on Tuesday with victories in Wisconsin and two other contests that would increase the pressure on rival Rick Santorum to drop out of the race. The grinding, months-long battle for the right to face Democratic President Barack Obama in the November 6 election turns to Wisconsin, Maryland and Washington D.C., and Romney leads in all three. ...
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Gunman kills 7, wounds 3 at California Christian college
Mon,2 Apr 2012 07:34 PM PDT
Reuters -  OAKLAND, California (Reuters) - A gunman opened fire at a Christian college in California on Monday, killing at least seven people and wounding three after telling former classmates: "Get in line and I'm going to kill you all." Police said the suspect, a 43-year-old Korean-American, surrendered at a Safeway grocery store several miles away from the scene at Oikos University in Oakland after the deadliest U.S. school shooting in five years. He was named by police as One Goh, a former student at Oikos, which has links to the Korean-American Christian community. ...
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Annan says Syria agrees to April 10 peace deadline
Mon,2 Apr 2012 04:59 PM PDT
Reuters -  UNITED NATIONS/BEIRUT (Reuters) - Syria has pledged to withdraw all military units from towns by April 10 to pave the way for a ceasefire with rebels two days later, though Western envoys were skeptical on Monday about Damascus' intent to halt its year-long assault on opponents. The U.N.-Arab League peace envoy Kofi Annan briefed the U.N. Security Council on the deadline behind closed doors. He told them there had been no reduction in violence so far, but urged them to consider an observer mission nevertheless in light of Syria's acceptance of the April 10 deadline, diplomats said. ...
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Avon rejects $10 billion takeover bid from Coty
Mon,2 Apr 2012 05:18 PM PDT
Reuters -  (Reuters) - Coty Inc disclosed on Monday that it had offered $10 billion for Avon Products Inc but the larger company, which is grappling with sliding sales and a bribery probe, rejected the bid as too low and "opportunistic". Combining Coty, maker of Stetson aftershave and Beyoncé fragrances, with Avon, the world's largest direct seller of cosmetics, would give Coty less reliance on fragrances and a bigger share of growing overseas markets. Investors sent Avon's stock soaring as high as $23.38 on Monday after news of Coty's offer. The shares closed up 17.3 percent at $22.70. ...
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Insight: Why Bank of Korea insiders worry about credibility
Mon,2 Apr 2012 10:19 PM PDT
Reuters -  SEOUL (Reuters) - Unlike most central banks, the Bank of Korea has the pursuit of "harmony" written into its statutes. But when it comes to harmonizing with the government, South Korea's central bank may have gone too far, undermining its credibility as an effective counterweight in managing Asia's fourth-biggest economy, interviews with current and former Korean policymakers say. Indeed, those sympathies may draw even closer to those of the government. ...
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Apple's iPad tops Consumer Reports' list despite heat issue
Mon,2 Apr 2012 05:19 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc's new iPad topped Consumer Reports' list of tablets despite the influential watchdog's having earlier stoked doubts about the latest iteration of the best-selling tablet by saying it threw off more heat when used heavily. The widely followed group that reviews a broad range of services and products -- including electronics and cars -- said on Monday it conducted additional tests on a number of tablets running Google Android software, including Samsung's Galaxy Tab 10.1, and found higher temperatures common and not a cause for concern. ...
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Obama takes a shot at Supreme Court over healthcare
Mon,2 Apr 2012 03:45 PM PDT
Reuters -  WASHINGTON (Reuters) - President Barack Obama took an opening shot at conservative justices on the Supreme Court on Monday, warning that a rejection of his sweeping healthcare law would be an act of "judicial activism" that Republicans say they abhor. Obama, a Democrat, had not commented publicly on the Supreme Court's deliberations since it heard arguments for and against the healthcare law last week. Known as the "Affordable Care Act" or "Obamacare," the measure to expand health insurance for millions of Americans is considered Obama's signature domestic policy achievement. ...
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U.S. hails Myanmar election as step for democratic change
Mon,2 Apr 2012 02:05 PM PDT
Reuters -  WASHINGTON (Reuters) - The United States on Monday hailed a strong showing by Aung San Suu Kyi's pro-democracy party in Myanmar's by-elections, calling the vote an important step in the country's democratic transformation. "We hope it is an indication that the government of Burma intends to continue along the path of greater openness, transparency and reform," Jay Carney, press secretary for U.S. President Barack Obama, said in a statement. ...
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Pakistan jails bin Laden's family for illegal stay
Mon,2 Apr 2012 05:17 PM PDT
Reuters -  ISLAMABAD (Reuters) - A Pakistani court jailed former al Qaeda leader Osama bin Laden's three widows and two daughters for 45 days after finding them guilty of illegally staying in the country, their lawyers said on Monday. In practice, that means they will serve 14 days in prison because they have been in detention since March 3. Bin Laden's family members will eventually be deported to their home countries, the lawyers said. "They (bin Laden's relatives) were sentenced to 45 days imprisonment and fined 10,000 rupees ($110) each. ...
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Manufacturing up, construction spending falls
Mon,2 Apr 2012 05:34 PM PDT
Reuters -  NEW YORK (Reuters) - The pace of growth in manufacturing picked up last month, even as measures of new orders and exports eased, underscoring how the economy is recovering at a gradual clip. Separate data on Monday showed construction spending suffered its biggest drop in seven months in February, prompting some economists to lower their sights for first-quarter growth. The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.4 from 52.4 in February, topping economists' expectations of 53.0. ...
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Russian plane crash kills 31, exposes safety record
Mon,2 Apr 2012 05:15 PM PDT
Reuters -  MOSCOW (Reuters) - A passenger plane crashed and burst into flames after takeoff in Siberia on Monday, killing 31 people and putting the spotlight on Russia's poor air-safety record before Vladimir Putin's return as president. Thirteen survivors were pulled from the wreckage but one later died after being rushed by helicopter to hospital in the city of Tyumen, some 1,720 km (1,070 miles) east of Moscow, emergency officials said. Television footage showed the UTair airlines ATR 72, which had snapped in two, lying in a snowy field with only the tail and rear visible. ...
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Euro zone unemployment reaches near 15-year high
Mon,2 Apr 2012 07:00 AM PDT
Reuters -  BRUSSELS (Reuters) - Unemployment in the euro zone reached its highest level in almost 15 years in February, with more than 17 million people out of work, and economists said they expected job office queues to grow even longer later this year. Joblessness in the 17-nation currency zone rose to 10.8 percent - in line with a Reuters poll of economists - and 0.1 points worse than in January, Eurostat said on Monday. ...
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Gunman kills 7, wounds 3 at California Christian college
Mon,2 Apr 2012 04:51 PM PDT
Reuters -  OAKLAND, California (Reuters) - A gunman opened fire at a private Christian college in California on Monday, killing at least seven people and wounding three others after telling former classmates to "get in line ... I'm going to kill you all." A suspect in what was the deadliest U.S. school shooting in five years was later arrested at a shopping mall several miles away from the scene of the shooting at Oakland's Oikos University, which appears to cater largely to the area's Korean community. ...
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Manufacturing sector picks up in March: ISM
Mon,2 Apr 2012 09:06 AM PDT
Reuters -  NEW YORK (Reuters) - The pace of growth in the manufacturing sector picked up a tad in March, while new orders dipped modestly, according to an industry report released on Mon day. The Institute for Supply Management said its index of national factory activity rose to 53.4 from 52.4 in February, topping economists' expectations of 53.0. A reading above 50 indicates expansion in the manufacturing sector, while a number below 50 means contraction. New orders edged down to 54.5 from 54.9 and prices paid also eased to 61.0 from 61.5. (Reporting by Leah Schnurr; Editing by James Dalgleish)
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Fed's Bullard: U.S. inflation may reflect global growth
Mon,2 Apr 2012 01:17 PM PDT
Reuters -  WASHINGTON (Reuters) - A top Federal Reserve official said faster global growth may be keeping inflation higher than expected in the United States. "Typical estimates suggest inflation should have remained low or even moved lower during 2011," St. Louis Fed President James Bullard said in a speech in Beijing. One explanation may be that the global gap between actual growth and employment and full economic potential -- which is narrower than that of the United States, and may even be positive -- is affecting U.S. prices, he said. The St. ...
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Avon rejects $10 billion takeover bid from Coty
Mon,2 Apr 2012 04:40 PM PDT
Reuters -  (Reuters) - Coty Inc disclosed on Monday that it had offered $10 billion for Avon Products Inc but the larger company, which is grappling with sliding sales and a bribery probe, rejected the bid as too low and "opportunistic". Combining Coty, maker of Stetson aftershave and Beyoncé fragrances, with Avon, the world's largest direct seller of cosmetics, would give Coty less reliance on fragrances and a bigger share of growing overseas markets. Investors sent Avon's stock soaring as high as $23.38 on Monday after news of Coty's offer. The shares closed up 17.3 percent at $22.70. ...
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Pakistan jails bin Laden's family for illegal stay
Mon,2 Apr 2012 05:12 AM PDT
Reuters -  ISLAMABAD (Reuters) - A Pakistani court jailed former al Qaeda leader Osama bin Laden's three widows and two daughters for 45 days after finding them guilty of illegally staying in the country, their lawyers said on Monday. In practice, that means they will serve 14 days in prison because they have been in detention since March 3. Bin Laden's family members will eventually be deported to their home countries, the lawyers said. "They (bin Laden's relatives) were sentenced to 45 days imprisonment and fined 10,000 rupees ($110) each. ...
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Russian plane crash kills 31, exposes safety record
Mon,2 Apr 2012 05:05 AM PDT
Reuters -  MOSCOW (Reuters) - A passenger plane crashed and burst into flames after takeoff in Siberia on Monday, killing 31 people and putting the spotlight on Russia's poor air-safety record before Vladimir Putin's return as president. Thirteen survivors were pulled from the wreckage but one later died after being rushed by helicopter to hospital in the city of Tyumen, some 1,720 km (1,070 miles) east of Moscow, emergency officials said. Television footage showed the UTair airlines ATR 72, which had snapped in two, lying in a snowy field with only the tail and rear visible. ...
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U.S. automakers expect sizzling sales for March
Mon,2 Apr 2012 03:56 AM PDT
Reuters -  DETROIT (Reuters) - U.S. auto sales are expected to continue at a strong pace in March, capping the best quarter in four years for new vehicle purchases as the overall U.S. economy improved and new car buyers found easier financing. The strong first quarter in the U.S. market could temper the impact of weak auto sales in Europe, where both General Motors Co and Ford Motor Co have lost money. "The strong U.S. data should help support first-quarter earnings and potentially offset any greater than expected softness in Europe," RBC Capital Markets analyst Joseph Spak said in a research note. ...
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Analysis: A Romney win would likely change little at Federal Reserve
Sun,1 Apr 2012 02:47 PM PDT
Reuters -  (Reuters) - For all the derision Republican presidential hopefuls have heaped on the Federal Reserve, a November win by lead contender Mitt Romney would likely change little at the central bank, at least in the short term. That might seem surprising, given the unprecedented barrage of criticism levied this campaign season at Fed Chairman Ben Bernanke, whose aggressive efforts to support the economy have sparked accusations that he is setting the table for future inflation. Texas Governor Rick Perry, who has since dropped out of the race, called Bernanke's policies "treasonous. ...
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Insight: Bank stampede keeps Spanish real estate on the ropes
Mon,2 Apr 2012 01:57 AM PDT
Reuters - MADRID (Reuters) - When Jose Morales travelled up from Granada in southern Spain in February to look at a new apartment in the Madrid satellite town of Sesena, he was greeted by long queues of mostly young people outside the sales office. "When the door opened, there was a stampede to get in, like a department store sale, and some were even injured in the dash," said Morales. The apartments were selling so fast, unseen by the buyers in many cases, that he missed out on the one he wanted. ... Full Story | Top |
Santorum won't quit race; top Republican calls for unity
Sun,1 Apr 2012 09:44 AM PDT
Reuters -  WASHINGTON (Reuters) - The U.S. Senate's top Republican called on his party to unite behind leading presidential candidate Mitt Romney on Sunday as rival Rick Santorum vowed to stay in the race beyond a likely defeat in Tuesday's Wisconsin primary. Senate Republican Leader Mitch McConnell stopped short of endorsing Romney in an interview on CNN's "State of the Union" show. But McConnell did say the former Massachusetts governor would make an "excellent nominee" and left little doubt about whom he supported in the battle to take on Democratic President Barack Obama in the November 6 election. ...
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Suu Kyi's party claims landslide win in Myanmar vote
Mon,2 Apr 2012 06:13 AM PDT
Reuters -  YANGON (Reuters) - Pro-democracy leader Aung San Suu Kyi claimed on Monday a by-election landslide for her party, which she hoped would mark the beginning of a new era for Myanmar after a historic vote that could prompt the West to end sanctions. The charismatic Suu Kyi, a Nobel Peace Prize laureate who led the struggle against military rule in the former Burma for two decades, was one of 44 candidates her National League for Democracy Party (NLD) said won all but one of the legislative seats being contested. ...
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Insight: As currency floats, Myanmar's banks rise again
Mon,2 Apr 2012 03:32 AM PDT
Reuters -  YANGON (Reuters) - Every table and much of the floor at Co-Operative Bank in Myanmar's commercial capital is stacked with thick bricks of the local kyat currency. Money counting machines clatter. Workers carry sacks of cash slung over their shoulders. A few blocks away, brokers in a small colonial-era building leaf through bundles of cash, part of an ancient "hawala" money transfer network used widely in Asia and the Middle East, and one of the only ways to get cash out of Myanmar. ...
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Britain set for sweeping Internet, phone monitoring
Sun,1 Apr 2012 04:49 PM PDT
Reuters - LONDON (Reuters) - Britain is to allow one of its intelligence agencies to monitor all phone calls, texts, emails and online activities in the country to help tackle crime and militant attacks, the Interior Ministry said on Sunday. "It is vital that police and security services are able to obtain communications data in certain circumstances to investigate serious crime and terrorism and to protect the public," a Home Office spokesman said. The proposed law already has drawn strong criticism, from within the ruling Conservative Party's own ranks, as an invasion of privacy and personal rights. ... Full Story | Top |
Syria "friends" warn Assad time is short to end bloodshed
Sun,1 Apr 2012 03:27 PM PDT
Reuters -  BEIRUT (Reuters) - Western and Arab nations warned President Bashar al-Assad not to delay adopting a plan to end a year of bloodshed in Syria and called on peace envoy Kofi Annan to set a timetable for action if the violence continues. Annan is due to brief the U.N. Security Council on Monday about whether he has seen any progress towards implementing his proposals, which Damascus has accepted but not yet carried out. ...
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Euro zone manufacturing malaise spreads to core
Mon,2 Apr 2012 03:58 AM PDT
Reuters -  LONDON (Reuters) - The euro zone's manufacturing sector shrank for an eighth month and at a faster pace in March, adding to signs the bloc is in recession as the downturn spread to core members France and Germany, a survey showed on Monday. Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) dropped to 47.7 last month from 49.0 in February, in line with a preliminary reading. It has now been below the 50 mark that divides growth from contraction since August. Euro zone manufacturers suffered a miserable March. ...
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Florida teenager's hometown turns out in Miami protest
Sun,1 Apr 2012 06:01 PM PDT
Reuters -  MIAMI (Reuters) - Thousands of protesters gathered in a downtown bayfront park on Sunday demanding the arrest of the neighborhood watch volunteer who shot and killed an unarmed black teenager, Trayvon Martin, in central Florida a month ago. Civil rights leaders were joined by local politicians, pastors and Martin's parents, who made their first major public appearance in their hometown since last month. Sunday's protest came a day after one of the largest demonstrations in Sanford, the central Florida town where Martin was killed. ...
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Insight: Chasing cheaper cancer drugs
Sun,1 Apr 2012 02:06 AM PDT
Reuters -  LONDON (Reuters) - In a nondescript suburb south of London, tucked away behind a big hospital, Paul Workman and fellow scientists are celebrating victory in the "World Cup" of cancer drug research for their work in discovering a stream of new medicines. But the win is bitter-sweet. One of the new drugs behind the coveted prize from the American Association for Cancer Research (AACR) has been deemed too costly to use in state-run British hospitals like the one next door. It is a stark example of the pricing crisis now facing cancer medicines across the globe. ...
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Insight: Lifting the veil on Afghanistan's female addicts
Sun,1 Apr 2012 07:31 AM PDT
Reuters -  KABUL (Reuters) - Anita lifted the sky-blue burqa from her face, revealing glazed eyes and cracked lips from years of smoking opium, and touched her saggy belly, still round from giving birth to her seventh child a month ago. "I can't give breast milk to my baby," said the 32-year-old Anita, who like other women interviewed for this story, declined to give her full name. "I'm scared he'll get addicted She was huddled with other women at the U.N. ...
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U.S. to probe Wrangler, Cruze on engine fire reports
Sun,1 Apr 2012 01:45 PM PDT
Reuters - NEW YORK (Reuters) - U.S. safety regulators have opened two separate investigations into vehicles made by General Motors Co and Chrysler Group LLC due to reports of engine fires that in many cases completely engulfed the vehicles in flames. The National Highway Traffic Safety Administration last week began probing the 2011 Chevrolet Cruze compact car and 2010 Jeep Wrangler SUVs. NHTSA received two complaints about the 2011 Cruze and eight reports about the 2010 Wrangler. The fires in the two Cruze cars began while the vehicles were on the road. ... Full Story | Top |
Myanmar opposition claims by-election win for Suu Kyi
Sun,1 Apr 2012 10:04 AM PDT
Reuters -  YANGON (Reuters) - Myanmar's pro-democracy leader Aung San Suu Kyi won a seat in parliament on Sunday, her party said, after an historic by-election that is testing the country's nascent reform credentials and could persuade the West to end sanctions. ...
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Florida teenager's home town turns out in Miami protest
Sun,1 Apr 2012 02:36 PM PDT
Reuters - MIAMI (Reuters) - Thousands of protesters gathered in a downtown bayfront park on Sunday demanding the arrest of the neighborhood watch volunteer who shot and killed an unarmed black teenager, Trayvon Martin, in central Florida a month ago. Civil rights leaders were joined by Martin's parents who were making their first major public appearance in the family's home city since a news conference on the steps of the Baptist Church where the funeral for their son was held last month. ...
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Japan to support U.S. nominee to head World Bank
Sun,1 Apr 2012 12:02 AM PDT
Reuters -  TOKYO (Reuters) - Japan will support Jim Yong Kim, the U.S. nominee for the next World Bank head, Japanese Finance Minister Jun Azumi said on Sunday after meeting the candidate who is in Tokyo on his world tour to seek support for the candidacy. Kim, a Korean-American, will be contesting against two nominees from emerging market countries - Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo - for the Washington-based institution's top job. ...
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Three winning tickets sold in record $656 million U.S. lottery
Sat,31 Mar 2012 06:23 PM PDT
Reuters -  ATLANTA (Reuters) - The largest lottery jackpot in U.S. history - a whopping $656 million - will be shared by the buyers of three winning Mega Millions tickets in Illinois, Kansas and Maryland - but their identities remained a mystery, lottery officials said on Saturday. A pre-dawn call alerted Denise Metzger, manager of a Motomart convenience store, to news from lottery officials that her store had sold a winning ticket in the tiny farming community of Red Bud in southern Illinois, with less than 4,000 residents, about 30 miles southeast of St. Louis. ...
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Euro zone agrees to boost rescue capacity
Sat,31 Mar 2012 12:32 PM PDT
Reuters -  COPENHAGEN (Reuters) - Euro zone finance ministers agreed on Friday to increase their financial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from G20 partners and markets. The 17-nation currency area agreed to combine two rescue funds to make 500 billion euros of new funds available in case of emergency until mid-2013, on top of 200 billion euros already committed to bailouts for Greece, Ireland and Portugal. ...
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Lawyer says U.S. blocks investigation of Afghan massacre
Fri,30 Mar 2012 05:00 PM PDT
Reuters -  The lawyer defending the U.S. soldier accused of murdering 17 Afghan civilians claims U.S. authorities are blocking his ability to investigate the incident. John Henry Browne, the lawyer for Staff Sergeant Robert Bales, said U.S. forces in Afghanistan have prevented his team from interviewing injured civilians at a hospital in Kandahar, and are allowing other potential witnesses to scatter, making it difficult to track them down. ...
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Exclusive: Iran helps Syria ship oil to China: sources
Fri,30 Mar 2012 03:15 PM PDT
Reuters -  LONDON (Reuters) - Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a state-run company in China, potentially giving the government of President Bashar al-Assad a financial boost worth an estimated $80 million. Iran, itself a target of Western sanctions, is among Syria's closest allies and has promised to do all it can to support Assad, recently praising his handling of the year-long uprising against Assad in which thousands have been killed. ...
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Exclusive: Soros' son strikes out on his own
Sat,31 Mar 2012 01:01 PM PDT
Reuters -  NEW YORK (Reuters) - The upheaval within billionaire investor George Soros' firm continues as one of his sons is separating some of his personal fortune to manage it himself. Jonathan Soros, who stepped down in September from day-to-day management of Soros Fund Management LLC, plans to hire at least one of his father's key employees, say two people familiar with the situation. The two sources said Soros' son intends to set up his own family office - something the Soros Fund converted to last year - with the help of David Kulsar, currently chief risk officer for the Soros Fund. ...
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Obama says enough world oil to crack down on Iran
Fri,30 Mar 2012 03:20 PM PDT
Reuters -  BURLINGTON, Vt./WASHINGTON (Reuters) - President Barack Obama vowed on Friday to forge ahead with tough sanctions on Iran, saying there was enough oil in the world market - including emergency stockpiles - to allow countries to cut Iranian imports. In his decision, required by a sanctions law he signed in December, Obama said increased production by some countries as well as "the existence of strategic reserves" helped him come to the conclusion that sanctions can advance. ...
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