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Wednesday, August 29, 2012 12:01 AM PDT

Today's Reuters News Headlines - Yahoo! News: Republicans launch convention assault on Obama Hurricane bears down on fortified New Orleans on Katrina's anniversary Syria refugee exodus raises pressure for buffer zone Home prices gain again but consumer mood cools Hearing on Apple injunction vs Samsung set for December Red Cross halts most Pakistan aid after beheading Analysis: China's aircraft carrier: in name only France opens murder inquiry into Arafat's 2004 death Spanish recession darkens as country mulls bailout Iran denies plans to show nuclear sites to diplomats Venezuela stamps out refinery blaze, eyes a restart Republicans nominate Romney at storm-hit convention Hurricane Isaac to hit New Orleans, making landfall soon Republicans nominate Romney as presidential candidate Home prices gain for fifth month in June: S&P Exclusive: Egypt's president rules out currency devaluation Obama warns of flooding from Tropical Storm Isaac Warplane attacks on Damascus suburbs kill 60: activists Arizona Republicans go to polls in primary Exclusive: Colombia's ELN rebels offer peace talks Military says trial of accused Fort Hood shooter can go ahead U.S. troops punished over Koran burning, urination video Exclusive: Blackstone grooms six executives for Schwarzman's job Analysis: Friend and foe; Samsung, Apple won't want to damage parts deal Isaac seen strengthening to Category 2 hurricane Exclusive: Egypt's president rules out currency devaluation Exclusive: Colombia's ELN rebels offer peace talks, refuse ceasefire first Isaac menaces U.S. Gulf Coast 7 years after Katrina Romney's storm-delayed convention limps into motion Car carrying Japan ambassador to China attacked: agency Gaza not "liveable" by 2020 barring urgent action: U.N Labor strife returns in South Africa's platinum belt Exclusive: Venezuela refinery could restart Friday Major quake hits off El Salvador, no damage reported Analysis: Politics the priority for China as economy slows IBM enters HR web applications market with Kenexa buy Britain wants to restart Assange talks with Ecuador Venezuela struggles with refinery blaze after deadly blast Afghans say top Haqqani leader was killed in U.S. drone strike Samsung shares drop $12 billion after Apple's court victory Republicans launch convention assault on Obama Tue,28 Aug 2012 10:55 PM PDT Reuters - TAMPA, Florida (Reuters) - Republicans launched a sharp assault on President Barack Obama's economic record on the first full day of their convention on Tuesday and praised Mitt Romney as a leader who could rein in big government and kick-start a stagnant economy. After a storm threat delayed the gathering one day, Republicans formally nominated Romney and his running mate, Paul Ryan, to challenge Obama for the White House in a November 6 election that polls show is tight. ... Full Story Top Hurricane bears down on fortified New Orleans on Katrina's anniversary Tue,28 Aug 2012 11:38 PM PDT Reuters - NEW ORLEANS (Reuters) - Hurricane Isaac lashed southern Louisiana with high winds and heavy rains on Wednesday and was set for a late-morning arrival in New Orleans, seven years to the day after Hurricane Katrina devastated the city. Isaac is the first hurricane to make landfall in the United States this season. While not nearly as strong as Katrina -- which was a Category 3 storm when it slammed the Crescent City on August 29, 2005 -- Category 1 Isaac was still a powerful reminder of New Orleans' vulnerability. ... Full Story Top Syria refugee exodus raises pressure for buffer zone Tue,28 Aug 2012 08:14 AM PDT Reuters - ANKARA/BAB AL-SALAMEH, Syria - (Reuters) - Syria's refugee exodus is accelerating and up to 200,000 people could settle in Turkey alone if the conflict worsens, the United Nations warned on Tuesday, increasing pressure for creation of a buffer zone inside Syria. Turkey has floated the idea of a "safe zone" to be set up for civilians under foreign protection as fighting has intensified in a 17-month-old uprising against President Bashar al-Assad. ... Full Story Top Home prices gain again but consumer mood cools Tue,28 Aug 2012 08:49 AM PDT Reuters - NEW YORK (Reuters) - Home prices rose for the fifth consecutive month in June, a fresh sign of improvement as the recovery in the housing market picks up steam. But in a reminder of how fragile the broader economy remains, another measure of consumers' economic views released on Tuesday deteriorated in August to the lowest in nine months as Americans were more pessimistic about business and labor market prospects. The housing sector has been a bright spot, with the stabilization in prices since February suggesting the long-struggling market has finally turned a corner. ... Full Story Top Hearing on Apple injunction vs Samsung set for December Tue,28 Aug 2012 07:48 PM PDT Reuters - SAN FRANCISCO (Reuters) - A U.S. judge on Tuesday set a December 6 court date to hear Apple Inc's request for a permanent injunction against Samsung Electronics' smartphones, which could delay the potential impact of Apple's crushing legal victory. Apple on Monday identified eight devices it will seek preliminary injunctions against, and said it would file for a permanent sales ban. A hearing about the preliminary injunctions had been scheduled for September 20 but it is not clear if this issue will be addressed at that hearing or moved to December. In an order on Tuesday, U.S. ... Full Story Top Red Cross halts most Pakistan aid after beheading Tue,28 Aug 2012 04:08 PM PDT Reuters - GENEVA (Reuters) - The International Committee of the Red Cross (ICRC) said on Tuesday it was halting most of its aid programs in Pakistan due to deteriorating security and the beheading of a British staff doctor in April blamed on Taliban insurgents. The independent agency, which had already suspended operations in three of Pakistan's four provinces in May pending a security assessment, said it would carry on working in the country "but on a reduced scale". "All relief and protection activities are being stopped. ... Full Story Top Analysis: China's aircraft carrier: in name only Tue,28 Aug 2012 02:01 PM PDT Reuters - (Reuters) - When Japanese activists scrambled ashore on a disputed island chain in the East China Sea this month, one of China's most hawkish military commentators proposed an uncharacteristically mild response. Retired Major General Luo Yuan suggested naming China's new aircraft carrier Diaoyu, after the Diaoyu islands in the East China Sea. It would demonstrate China's sovereignty over the islands known as the Senkakus in Japanese, he said. ... Full Story Top France opens murder inquiry into Arafat's 2004 death Tue,28 Aug 2012 12:31 PM PDT Reuters - PARIS (Reuters) - A French court has opened a murder inquiry into the death eight years ago of Palestinian leader Yasser Arafat, prosecutors said on Tuesday, following claims by his widow that he may have been poisoned. Arafat died in a Paris military hospital in November 2004, a month after being flown, seriously ill, from his battered headquarters in Ramallah, where he had been effectively confined by Israel for more than 2-1/2 years. Saeb Erekat, chief negotiator for the Palestinian Authority, welcomed the inquiry. ... Full Story Top Spanish recession darkens as country mulls bailout Tue,28 Aug 2012 11:34 AM PDT Reuters - MADRID (Reuters) - The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, while the country's most economically important region, Catalonia, said it needed a major rescue from Madrid. Spain's recession grew stronger in the second quarter of the year and is expected to get worse as austerity measures introduced in response to the euro zone debt crisis cut into demand for goods and services. ... Full Story Top Iran denies plans to show nuclear sites to diplomats Tue,28 Aug 2012 05:06 AM PDT Reuters - DUBAI (Reuters) - Iran said on Tuesday it has no plans to show its nuclear sites to diplomats visiting Tehran for this week's Non-Aligned Movement (NAM) summit, despite an earlier offer by a deputy foreign minister. Iranian Deputy Foreign Minister Mohammad Mehdi Akhoundzadeh hinted on Monday that visiting NAM diplomats might be allowed to tour the Parchin military base, which the U.N. nuclear watchdog says may have been used for nuclear-related explosives trials. But Foreign Ministry spokesman Ramin Mehmanparast appeared to pour cold water on the idea. ... Full Story Top Venezuela stamps out refinery blaze, eyes a restart Tue,28 Aug 2012 02:11 PM PDT Reuters - PARAGUANA, Venezuela (Reuters) - Venezuelan firefighters put out a blaze at the country's biggest oil refinery on Tuesday, paving the way for a restart of the facility and an investigation into the world's deadliest refinery accident in fifteen years. Energy Minister Rafael Ramirez has said the 645,000-barrel-per-day Amuay facility should restart within two days of the fire being extinguished. A pre-dawn blast on Saturday killed 48 people, wounded dozens and flattened hundreds of homes. U.S. ... Full Story Top Republicans nominate Romney at storm-hit convention Tue,28 Aug 2012 04:24 PM PDT Reuters - TAMPA, Florida (Reuters) - Republicans nominated Mitt Romney on Tuesday to challenge President Barack Obama for the White House, kicking off their storm-delayed convention with a barrage of sharp attacks on Obama's economic leadership. The formal nomination of Romney and his running mate, Paul Ryan, sets up a two-month final dash to the November 6 election. Opinion polls show Romney running even with or slightly behind the Democratic president. ... Full Story Top Hurricane Isaac to hit New Orleans, making landfall soon Tue,28 Aug 2012 03:55 PM PDT Reuters - NEW ORLEANS (Reuters) - Hurricane Isaac gathered strength as it bore down on New Orleans on Tuesday, bringing high winds and soaking rains that will pose the first major test to the city's multibillion-dollar flood protections, seven years after Katrina devastated the U.S. Gulf Coast. Hundreds of U.S. Army National Guard troops took up strategic positions around New Orleans, preparation meant to avoid the chaos seen in the days and weeks after Katrina in August 2005. ... Full Story Top Republicans nominate Romney as presidential candidate Tue,28 Aug 2012 04:07 PM PDT Reuters - TAMPA, Florida (Reuters) - Republicans formally nominated Mitt Romney as their presidential candidate on Tuesday to face Democratic President Barack Obama in the November 6 election. By voice vote in a raucous arena, delegates to the Republican National Convention united behind the former Massachusetts governor, who this year outlasted a series of conservative challengers to come out on top. Romney, 65, is in a close fight with Obama with 70 days to go until the election and Republicans hope he will gain some much-needed momentum from the Tampa convention this week. ... Full Story Top Home prices gain for fifth month in June: S&P Tue,28 Aug 2012 06:32 AM PDT Reuters - NEW YORK (Reuters) - Home prices rose more than expected in June, the fifth month in a row of gains in a fresh sign of improvement in the housing market, a closely watched survey showed on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.9 percent on a seasonally adjusted basis, topping economists' forecasts for 0.5 percent, according to a Reuters poll. On a non-seasonally adjusted basis, prices were even stronger, up 2.3 percent. ... Full Story Top Exclusive: Egypt's president rules out currency devaluation Tue,28 Aug 2012 01:53 AM PDT Reuters - CAIRO (Reuters) - Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that his government would rely instead on investment, tourism and exports to fix an economy ravaged by a year and a half of political turmoil. Mohamed Mursi, 61, has a window of opportunity to push through economic change while he still commands political goodwill 50 days into his tenure as Egypt's first freely elected president, economists say. ... Full Story Top Obama warns of flooding from Tropical Storm Isaac Tue,28 Aug 2012 08:32 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama warned residents of the Gulf Coast on Tuesday that there could be significant flooding from Tropical Storm Isaac and encouraged people to evacuate if instructed by authorities to do so. "As we prepare for Isaac to hit, I want to encourage all residents of the Gulf Coast to listen to your local officials and follow their directions, including if they tell you to evacuate," Obama said at the White House before departing on a two-day campaign trip. "Now is not the time to tempt fate, now is not the time to dismiss official warnings. ... Full Story Top Warplane attacks on Damascus suburbs kill 60: activists Mon,27 Aug 2012 03:52 PM PDT Reuters - AMMAN/ALEPPO (Reuters) - Syrian fighter planes made rare sorties on the outskirts of the capital Damascus, killing at least 60 people in its eastern suburbs, the same day a Syrian military helicopter crashed while under rebel fire, activists said. They said aerial attacks by at least two fighter planes late on Monday had targeted the neighborhood of Zemalka and the more easterly suburb of Saqba where Free Syrian Army fighters had attacked and overrun several army roadblocks earlier in the day. ... Full Story Top Arizona Republicans go to polls in primary Tue,28 Aug 2012 09:54 AM PDT Reuters - PHOENIX (Reuters) - Republicans in Arizona voted on Tuesday for their candidate in the race to replace Senator Jon Kyl, who is stepping down at the end of the year, with conservative U.S. Representative Jeff Flake favored to win. Flake was leading by a huge margin in opinion polls over Wil Cardon, a feisty political newcomer with deep pockets, in a primary election for a seat that Republicans need if they are to have a chance to take control of the Senate in the November election. The U.S. ... Full Story Top Exclusive: Colombia's ELN rebels offer peace talks Mon,27 Aug 2012 07:19 PM PDT Reuters - BOGOTA (Reuters) - Colombia's second-biggest guerrilla group says it is willing to hold unconditional peace talks to end five decades of war, but will not end its campaign of kidnappings, bombings and extortion against foreign oil and mining firms before negotiations begin. Nicolas Rodriguez, leader of the National Liberation Army, known as the ELN, told Reuters in a rare interview that he is open to negotiate an end to the bloodshed with President Juan Manuel Santos' conservative government. ... Full Story Top Military says trial of accused Fort Hood shooter can go ahead Mon,27 Aug 2012 03:30 PM PDT Reuters - AUSTIN, Texas (Reuters) - Proceedings may resume in the court martial of alleged Fort Hood shooter Major Nidal Hasan, a military court ruled on Monday, less than a week after it stopped the trial to consider whether Hasan's beard could be forcibly shaved. The Court of Appeals for the Armed Forces did not say whether Colonel Gregory Gross, the military trial judge, could order Hasan shaved. Gross has threatened to have Hasan shaved if he does not get rid of the beard himself before his next court appearance, saying the beard breaks Army regulations. ... Full Story Top U.S. troops punished over Koran burning, urination video Mon,27 Aug 2012 04:05 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. military said on Monday it was disciplining U.S. troops over two incidents that provoked outrage in Afghanistan early this year, one involving a video depicting Marines urinating on corpses and another over burned copies of the Koran. The administrative punishments -- which could include things like reduce rank or forfeiture of pay -- fell short of criminal prosecution, and it was unclear whether they would satisfy Afghan demands for justice. ... Full Story Top Exclusive: Blackstone grooms six executives for Schwarzman's job Mon,27 Aug 2012 01:04 PM PDT Reuters - NEW YORK/LONDON (Reuters) - When Blackstone Group LP named a new global head of private equity last month, Chief Executive Stephen Schwarzman was looking for more than just a business unit chief. Even though the buyout king has no plans to retire, the appointment of Joe Baratta, a 41-year-old dealmaker credited with building up the firm's European buyouts practice, was the latest step in a wider succession plan, Blackstone insiders said. Baratta joins five other senior Blackstone executives from whose ranks the successor to Schwarzman, 65, will eventually emerge, the sources said. ... Full Story Top Analysis: Friend and foe; Samsung, Apple won't want to damage parts deal Mon,27 Aug 2012 06:25 AM PDT Reuters - SEOUL (Reuters) - While Samsung Electronics is reeling from a patent pounding by its smartphone rival Apple Inc, this is unlikely to damage the other part of their relationship - where Samsung is the sole supplier of Apple-designed chips that power the iPhone and iPad. At an emergency meeting in Seoul early on Sunday following the damning U.S. legal defeat, the South Korean group's post mortem was led by vice chairman Choi Gee-sung and the head of the mobile business JK Shin, rather than by CEO Kwon Oh-hyun, whose primary role is in charge of the components business. ... Full Story Top Isaac seen strengthening to Category 2 hurricane Mon,27 Aug 2012 02:17 PM PDT Reuters - MIAMI (Reuters) - Tropical Storm Issac is forecast to strengthen into a Category 2 hurricane before it makes landfall somewhere between Florida and Louisiana, the U.S. National Hurricane Center said on Monday. Isaac was expected to have sustained winds of 100 miles per hour on Wednesday and could reach land Tuesday night or early Wednesday. (Reporting by Kevin Gray) Full Story Top Exclusive: Egypt's president rules out currency devaluation Mon,27 Aug 2012 01:36 PM PDT Reuters - CAIRO (Reuters) - Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that his government would rely instead on investment, tourism and exports to fix an economy ravaged by a year and a half of political turmoil. Mohamed Mursi, 61, has a window of opportunity to push through economic change while he still commands political goodwill 50 days into his tenure as Egypt's first freely elected president, economists say. ... Full Story Top Exclusive: Colombia's ELN rebels offer peace talks, refuse ceasefire first Mon,27 Aug 2012 03:28 PM PDT Reuters - BOGOTA (Reuters) - Colombia's second-biggest guerrilla group says it is willing to hold unconditional peace talks to end five decades of war, but refuses to end its kidnapping, bomb attacks and extortion of foreign oil and mining companies before negotiations start. Nicolas Rodriguez, leader of the National Liberation Army, known as the ELN, told Reuters in a rare interview that he is open to negotiate an end to the bloodshed with President Juan Manuel Santos' conservative government. ... Full Story Top Isaac menaces U.S. Gulf Coast 7 years after Katrina Mon,27 Aug 2012 03:16 PM PDT Reuters - NEW ORLEANS (Reuters) - Tropical Storm Isaac closed in on the U.S. Gulf of Mexico coast on Monday, triggering some mandatory evacuation orders and disrupting U.S. offshore oil production as it threatened to make landfall between Florida and Louisiana as a Category 2 hurricane. The wide, slow-moving storm swiped south Florida on Sunday and strengthened over the warm Gulf waters. It was expected to reach land Tuesday night or early Wednesday, the anniversary of devastating Hurricane Katrina seven years ago. The U.S. ... Full Story Top Romney's storm-delayed convention limps into motion Mon,27 Aug 2012 01:46 PM PDT Reuters - TAMPA, Florida (Reuters) - Forget the loud music, cheering crowds and funny hats. Instead of opening with a bang as originally planned, Mitt Romney's Republican convention started with a whimper on Monday as party leaders staged a low-key session while Tropical Storm Isaac churned through the Gulf of Mexico. ... Full Story Top Car carrying Japan ambassador to China attacked: agency Mon,27 Aug 2012 08:13 AM PDT Reuters - TOKYO (Reuters) - A man attacked the car carrying the Japanese ambassador in Beijing on Monday and ripped off the Japanese flag flying on the vehicle, Japan's Kyodo news agency reported, amid escalating tensions that led to the biggest anti-Japan protests in years. Kyodo, quoting Japanese embassy officials in Beijing, gave no further details of the attack, but said the ambassador, Uichiro Niwa, was unhurt. The report said the embassy had "filed a strong protest with the Chinese Foreign Ministry". ... Full Story Top Gaza not "liveable" by 2020 barring urgent action: U.N Mon,27 Aug 2012 08:34 AM PDT Reuters - GAZA (Reuters) - Gaza will no longer be "liveable" by 2020 unless urgent action is taken to improve water supply, power, health, and schooling, the United Nations' most comprehensive report on the Palestinian enclave said on Monday. "Action needs to be taken now if Gaza is to be a liveable place in 2020 and it is already difficult now," U.N. humanitarian coordinator Maxwell Gaylard told journalists when the report was released on Monday. Five years into an Israeli blockade supported by Egypt, and living under one-party rule, Gaza's population of 1. ... Full Story Top Labor strife returns in South Africa's platinum belt Mon,27 Aug 2012 07:56 AM PDT Reuters - MARIKANA, South Africa (Reuters) - Labor strife returned to South Africa's platinum sector on Monday, derailing London-based Lonmin's efforts to restart mining and fanning fears of a resurgence of the violence that has killed 44 people this month. Workers blocked colleagues from going down mine shafts and used threats of violence to snarl transport at Lonmin's Marikana mine - where 10 people were killed in a union turf war and police shot dead 34 striking miners. ... Full Story Top Exclusive: Venezuela refinery could restart Friday Mon,27 Aug 2012 03:53 PM PDT Reuters - PARAGUANA, Venezuela (Reuters) - Venezuela's biggest refinery could restart operations on Friday and fires still burning in three storage tanks will be extinguished within two days, the country's energy minister told Reuters, following the country's worst oil industry accident. An explosion on Saturday at the Amuay refinery killed 48 people and pushed up U.S. fuel prices in markets that were already bullish because of a threat that Tropical Storm Isaac could disrupt refinery operations on the U.S. Gulf Coast. ... Full Story Top Major quake hits off El Salvador, no damage reported Mon,27 Aug 2012 12:55 AM PDT Reuters - MEXICO CITY (Reuters) - A 7.3 magnitude earthquake struck in the Pacific Ocean off El Salvador late on Sunday, triggering a brief tsunami warning along a stretch of the central American coast but causing no major damage or casualties, early reports indicated. The quake hit about 74 miles offshore at a depth of just over 20 km (12 miles), the U.S. Geological Survey said. It earlier gave the magnitude as 7.4. A small tsunami hit the El Salvador port of Acajutla following the quake, the Pacific Tsunami Warning Center said. ... Full Story Top Analysis: Politics the priority for China as economy slows Mon,27 Aug 2012 04:04 AM PDT Reuters - BEIJING (Reuters) - China's policy chiefs have about two weeks left to decide about giving the economy a proper stimulative prod, or risk parading a new Communist Party leadership to the world just as growth falls below target for the first time in nearly four years. Factory activity is already at a nine-month low, according to the latest manufacturing sector survey from HSBC, signaling that the official August numbers for industrial production and trade published in a fortnight will foreshadow third quarter economic growth falling below the government's 7.5 percent goal. ... Full Story Top IBM enters HR web applications market with Kenexa buy Mon,27 Aug 2012 11:37 AM PDT Reuters - (Reuters) - IBM Corp will buy Kenexa Corp for about $1.3 billion to enter the human resources software market in a move that would likely increase competition with Oracle Corp and SAP AG who recently bought into the sector. The deal underpins the importance that slow-growing technology giants place on faster-growing, web-based software makers, whose products are less vulnerable to the economic downturn as there are no upfront costs for program licenses, dedicated hardware or installation. Germany's SAP bought Kenexa's competitor SuccessFactors for $3. ... Full Story Top Britain wants to restart Assange talks with Ecuador Sun,26 Aug 2012 01:32 PM PDT Reuters - LONDON (Reuters) - Britain said on Sunday it remained committed to reaching a diplomatic solution to the presence of WikiLeaks founder Julian Assange in Ecuador's London embassy, after both countries took steps to defuse a row over his action in taking refuge there. Assange has been living in the embassy's cramped quarters for more than two months since fleeing there to avoid extradition to Sweden, where he is wanted for questioning over rape and sexual assault allegations. ... Full Story Top Venezuela struggles with refinery blaze after deadly blast Mon,27 Aug 2012 04:40 AM PDT Reuters - PARAGUANA, Venezuela (Reuters) - Venezuelan firefighters struggled on Sunday to put out a blaze at the country's biggest refinery sparked by an explosion that killed 41 people in one of the global oil industry's deadliest accidents. Officials at the 645,000 barrel-per-day Amuay refinery are trying to stop the fire still raging at two storage tanks from spreading to other nearby fuel storage facilities. That would delay Amuay's restart beyond the current estimate of two days. ... Full Story Top Afghans say top Haqqani leader was killed in U.S. drone strike Sun,26 Aug 2012 12:30 PM PDT Reuters - KABUL (Reuters) - Afghanistan said on Sunday it believed that a top commander of the militant Haqqani insurgent network had been killed in a U.S. drone strike, citing intelligence reports that it said countered Afghan Taliban claims that Badruddin Haqqani was still alive. Haqqani, who was head of operations and ran the network's vital business interests, was thought to have been killed during the strike this week in Pakistan's tribal North Waziristan, both Afghanistan's Interior Ministry and national spy agency said. ... Full Story Top Samsung shares drop $12 billion after Apple's court victory Mon,27 Aug 2012 07:54 AM PDT Reuters - SEOUL (Reuters) - Samsung Electronics shares slumped 7.5 percent on Monday, wiping more than $12 billion off the South Korean giant's market value, as a sweeping victory for Apple Inc in a U.S. patent lawsuit raised concerns about its smartphone business - its biggest cash cow. Samsung, which says it will contest the verdict, was ordered to pay $1.05 billion in damages after a California jury found it had copied critical features of the hugely popular iPhone and iPad and could face an outright sales ban on key products. ... Full Story Top

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