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Monday, September 3, 2012 12:03 AM PDT

Today's Reuters News Headlines - Yahoo! News: Obama, Romney tied as Democrats go into convention: Reuters/Ipsos poll At Jackson Hole, a growing fear for Fed independence Rebels hit army headquarters in Damascus Greek PM sings in tune, now must hit the hard notes Storm Isaac moves east while impact lingers in Louisiana For unions, holiday begins somber election countdown U.S. suspends training of Afghan local police force Insight: China's steel traders expose banks' bad debts Samsung's crisis culture: a driver and a drawback Netanyahu urges international "red lines" to stop Iran Isaac's remnants bring rain to drought-hit Midwest Rebels hit army headquarters in Damascus Recalling 1812 battle, Putin calls for unity in Russia New York probes private equity tax strategy: source Fugitive U.S. businessman deported to UAE from Yemen Iran to hold major air defense drill: commander Bernanke says Fed ready to act but short on specifics DOJ targets banks, others in new money laundering offensive Romney's bounce from convention looks short-lived: Reuters/Ipsos poll Syrian rebels hit back at Assad's air power Isaac's remnants bring rain to drought-hit Midwest Apple targets more Samsung products in patent suit Exclusive: Walmart tests iPhone app checkout feature Three dead in shooting at New Jersey grocery store Exclusive: Morgan Stanley Smith Barney rainmakers consider exit Romney appeals to voters disillusioned with Obama Thousands return home after Philippines quake, tsunami warning lifted Egypt says Syria's "oppressive regime" must go Major quake off Philippines causes panic but minor damage Consumer confidence rises but outlook still grim As Isaac fades, sparring over disaster funding Bernanke says Fed ready to act but short on specifics Two Afghan children beheaded in separate incidents North Korea makes "significant" nuclear reactor progress: IAEA Exclusive: China's Hu seeks clean power handover with ally's promotion - sources Insight: Brutality, anger fuel jihad in Russia's Caucasus Analysis: JPMorgan faces sea of trouble resolving "Whale" probe Insight: Does China's next leader have a soft spot for Tibet? WikiLeaks' Assange sees up to a year in Ecuador embassy Barclays picks retail banker to replace Diamond Obama, Romney tied as Democrats go into convention: Reuters/Ipsos poll Sun,2 Sep 2012 01:02 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama enters an important campaign week tied with Republican presidential nominee Mitt Romney, a Reuters/Ipsos poll found on Sunday, leaving the incumbent an opportunity to edge ahead of his opponent at the Democratic National Convention. With the Democrats set to nominate Obama for a second term this week in Charlotte, North Carolina, the race to the presidential election on November 6 is all knotted up at 45 percent for Obama and 45 percent for Romney among likely voters, the survey found. ... Full Story Top At Jackson Hole, a growing fear for Fed independence Sun,2 Sep 2012 02:39 PM PDT Reuters - JACKSON HOLE, Wyoming (Reuters) - Increasing political encroachment on the Federal Reserve, particularly from the Republican Party, could threaten the central bank's hard-won independence and undermine confidence in the nearly 100-year old institution. That was the pervasive sentiment among economists gathered at the Fed's annual monetary policy symposium in Jackson Hole, Wyoming. Against the dramatic backdrop of the Grand Teton mountain, many said a closely-contested presidential race has turned the monetary authority into a political football. ... Full Story Top Rebels hit army headquarters in Damascus Sun,2 Sep 2012 05:19 PM PDT Reuters - AMMAN (Reuters) - Syrian rebels said they planted bombs inside the Syrian army's General Staff headquarters in central Damascus on Sunday as President Bashar al-Assad's forces bulldozed buildings to the ground in parts of the capital that have backed the uprising. Syrian state television said four people were wounded in what it called a terrorist attack on the General Staff compound in the highly guarded Abu Rummaneh district, where another bomb attack killed four of Assad's top lieutenants two months ago. ... Full Story Top Greek PM sings in tune, now must hit the hard notes Sun,2 Sep 2012 05:04 PM PDT Reuters - ATHENS (Reuters) - When Jean-Claude Juncker, head of the euro zone's finance ministers, arrived in Athens last week, Greek Prime Minister Antonis Samaras ran down red-carpeted steps to envelope him in a warm embrace. In front of the man representing Greece's biggest creditor, the governments of the euro zone, Samaras was understandably eager to make an impression, and duly pledged to do his utmost to win back Europe's trust. The conservative leader was not always so keen. ... Full Story Top Storm Isaac moves east while impact lingers in Louisiana Sun,2 Sep 2012 07:29 PM PDT Reuters - NASHVILLE, Tenn (Reuters) - As the remnants of Hurricane Isaac moved east on Sunday, bringing with it a wet Labor Day holiday weekend, the storm's impact was still being felt in Louisiana, where more than a hundred thousand people were still without power. Entergy, Louisiana's largest power provider, said about 160,000 of the Louisiana homes and businesses it serves remained without electricity, leaving them without air conditioning under sweltering temperatures. ... Full Story Top For unions, holiday begins somber election countdown Sun,2 Sep 2012 02:28 PM PDT Reuters - CHICAGO (Reuters) - After suffering a string of defeats in 2012, U.S. union leaders have little to celebrate, or to look forward to, as they mark the Labor Day holiday on Monday. Stung by losses in former strongholds such as Wisconsin and Indiana, organized labor has pledged to spend more than $100 million to help President Barack Obama win re-election over Republican nominee Mitt Romney and reverse the Republican Party sweep of state legislatures two years ago. ... Full Story Top U.S. suspends training of Afghan local police force Sun,2 Sep 2012 03:05 PM PDT Reuters - KABUL (Reuters) - U.S. Forces in Afghanistan said on Sunday they have suspended training new recruits to the Afghan Local Police (ALP) amid a spike in the number of insider attacks which are damaging trust between Afghans and their allies. The ALP is a militia, set up two years ago by U.S. Forces, in villages where the national police force -- a separate body trained by NATO -- is weak. The ALP has been beset by allegations of abuse and widespread corruption. ... Full Story Top Insight: China's steel traders expose banks' bad debts Sun,2 Sep 2012 02:01 PM PDT Reuters - SHANGHAI/HONG KONG (Reuters) - China's banks are coming after the country's steel traders, hauling executives into court to chase down loans that some traders said they didn't initially need and can't now repay. The heavy push to recover the loans is another sign of strain on China's financial system at a time when the country's leaders are contemplating another round of stimulus to boost the economy, and when banks are worried about bad debts piling up. ... Full Story Top Samsung's crisis culture: a driver and a drawback Sun,2 Sep 2012 03:04 PM PDT Reuters - SEOUL (Reuters) - In his 1997 book, Samsung Chairman Lee Kun-hee wrote that a successful company needs a "heightened sense of crisis", so that it always looks ahead even when it's doing well, and needs to be able to respond to change. It's a credo that has driven Samsung Electronics to become the world's biggest technology firm by revenue - it sells more televisions, smartphones and memory chips than anyone else - and makes the group a must-visit case study for a stream of Chinese firms seeking to tap the secrets of Korean success. But, in the wake of last month's damaging U.S. ... Full Story Top Netanyahu urges international "red lines" to stop Iran Sun,2 Sep 2012 07:48 AM PDT Reuters - JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu urged world powers on Sunday to set a "clear red line" for Tehran's atomic program that would convince Iran they were determined to prevent it from obtaining nuclear arms. Netanyahu's remarks suggested a growing impatience with Israel's main ally, the United States, and other countries that have been pressing him to give diplomacy and sanctions more time to work and hold off on any go-it-alone strike on Iran. Recent heightened Israeli rhetoric has stoked speculation that Israel might attack Iran before the U.S. ... Full Story Top Isaac's remnants bring rain to drought-hit Midwest Sun,2 Sep 2012 09:35 AM PDT Reuters - (Reuters) - The remnants of Hurricane Isaac brought rain to drought-stricken parts of the lower U.S. Midwest on Saturday after the storm killed at least 30 people on its trek across the Caribbean and Louisiana and Mississippi, authorities said. Rainfall totals of no more than 3 inches were expected through the lower Ohio River Valley by Saturday night after Isaac lost much of its punch while passing over Missouri. Top sustained winds had dropped to 20 miles per hour and flash flood threats were diminishing, the National Weather Service said. ... Full Story Top Rebels hit army headquarters in Damascus Sun,2 Sep 2012 12:32 PM PDT Reuters - AMMAN (Reuters) - Syrian rebels said they planted bombs inside the Syrian army's General Staff headquarters in central Damascus on Sunday as President Bashar al-Assad's forces bulldozed buildings to the ground in parts of the capital that have backed the uprising. Syrian state television said four people were wounded in what it called a terrorist attack on the General Staff compound in the highly guarded Abu Rummaneh district, where another bomb attack killed four of Assad's top lieutenants two months ago. ... Full Story Top Recalling 1812 battle, Putin calls for unity in Russia Sun,2 Sep 2012 09:19 AM PDT Reuters - BORODINO, Russia (Reuters) - President Vladimir Putin made a rousing call for unity among Russia's diverse ethnic and religious groups on Sunday as he led commemorations of a battle 200 years ago that led to the defeat of Napoleon Bonaparte. Standing by a monument at the scene of the 1812 Battle of Borodino, 120 km (75 miles) west of Moscow, Putin delivered a speech extolling the virtues of patriotism that enabled Russia to repel the French army in 1812. ... Full Story Top New York probes private equity tax strategy: source Sat,1 Sep 2012 07:31 PM PDT Reuters - (Reuters) - At least a dozen U.S. private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved these firms hundreds of millions of dollars is proper, a source familiar with the situation said on Saturday. Among the firms that were subpoenaed are Bain Capital LLC, KKR & Co LP, TPG Capital LP, Apollo Global Management LLC and Silver Lake Partners LP, the source said. Bain was once headed by Mitt Romney, the Republican candidate who hopes to unseat President Barack Obama in the November 6 election. ... Full Story Top Fugitive U.S. businessman deported to UAE from Yemen Sun,2 Sep 2012 09:13 AM PDT Reuters - SANAA (Reuters) - Yemen has deported an American businessman back to the United Arab Emirates from where he fled last month after being freed on bail while facing embezzlement charges, his spokesman and a Yemeni security official said on Sunday. Zack Shahin, former chief executive of Deyaar one of Dubai's biggest property developers, was detained in 2008 over embezzlement charges which he denied. Shahin went on a hunger strike in jail in May this year and was then released on $1.4 million bail in July after Washington expressed concern about his health. ... Full Story Top Iran to hold major air defense drill: commander Sat,1 Sep 2012 08:05 AM PDT Reuters - DUBAI (Reuters) - Iran will hold a large-scale military drill involving all its air defense systems next month, an Iranian commander was quoted as saying on Saturday, one of a number of military simulations it has carried out this year. The air defense drill will include fighter jets and simulate emergency situations, said Farzad Esmaili, commander of the Iranian army's air defense force, according to Iran's English-language Press TV. ... Full Story Top Bernanke says Fed ready to act but short on specifics Sat,1 Sep 2012 10:44 AM PDT Reuters - JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday left the door wide open to a further easing of monetary policy, saying the stagnation in the U.S. labor market was a "grave concern," but he stopped short of providing a clear signal of imminent action. His stark language gave a temporary lift to U.S. stocks, but economists walked away from the Fed chairman's remarks still divided over whether the central bank would launch a fresh round of bond purchases at its upcoming meeting in September. ... Full Story Top DOJ targets banks, others in new money laundering offensive Fri,31 Aug 2012 05:47 PM PDT Reuters - (Reuters) - The Department of Justice is shifting its sights to a new offensive in combating money laundering: bringing criminal charges against banks and other financial institutions for weak compliance systems that fail to catch illicit money flows. Even while the department's money-laundering unit is wrapping up a series of blockbuster cases involving sanctions-busting transactions routed through some of Europe's biggest banks, it has set its sights on the next front. ... Full Story Top Romney's bounce from convention looks short-lived: Reuters/Ipsos poll Sat,1 Sep 2012 01:48 PM PDT Reuters - WASHINGTON (Reuters) - A modest bump in popularity for U.S. presidential hopeful Mitt Romney from this week's Republican Party convention looks to be short-lived, according to a Reuters/Ipsos poll. Democratic President Barack Obama regained a narrow lead on Saturday by 44 percent to 43 percent over his Republican challenger, former Massachusetts Governor Romney, in the latest daily installment of the four-day rolling poll. ... Full Story Top Syrian rebels hit back at Assad's air power Sat,1 Sep 2012 01:03 PM PDT Reuters - BEIRUT (Reuters) - Rebels seized an air defense facility and attacked a military airport in eastern Syria on Saturday, a monitoring group said, hitting back at an air force which President Bashar al-Assad is increasingly relying on to crush his opponents. The attacks in eastern oil-producing Deir al-Zor province follow rebel strikes against military airports in the Aleppo and Idlib areas, close to the border with Turkey. ... Full Story Top Isaac's remnants bring rain to drought-hit Midwest Sat,1 Sep 2012 01:47 PM PDT Reuters - (Reuters) - The remnants of Hurricane Isaac brought rain to drought-stricken parts of the lower U.S. Midwest on Saturday after the storm killed at least 30 people on its trek across the Caribbean and Louisiana and Mississippi, authorities said. Rainfall totals of no more than 3 inches were expected through the lower Ohio River Valley by Saturday night after Isaac lost much of its punch while passing over Missouri. Top sustained winds had dropped to 20 miles per hour and flash flood threats were diminishing, the National Weather Service said. ... Full Story Top Apple targets more Samsung products in patent suit Fri,31 Aug 2012 06:03 PM PDT Reuters - NEW YORK (Reuters) - Seeking to capitalize on a major legal victory over its rival Samsung Electronics Ltd, Apple Inc has asked a federal court in a separate case to find that four additional Samsung products, including the Galaxy S III, infringe Apple's patents. In February, Apple alleged that at least 17 Samsung products infringe its patents. In a court filing made in San Jose federal court on Friday, Apple added four more products to the list of allegedly infringing products that have been released beginning in August 2011 and continuing through this month. ... Full Story Top Exclusive: Walmart tests iPhone app checkout feature Fri,31 Aug 2012 02:01 PM PDT Reuters - (Reuters) - Wal-Mart Stores Inc is testing a system that would allow shoppers to scan items using their iPhones and then pay at a self-checkout counter, a move that could trim checkout times and slash costs for retailers. If the "Scan & Go" test by the world's largest retailer is successful, it has the potential to change the way people shop and pay, making the process more personal and potentially faster. ... Full Story Top Three dead in shooting at New Jersey grocery store Fri,31 Aug 2012 01:33 PM PDT Reuters - OLD BRIDGE, New Jersey (Reuters) - An employee at a suburban New Jersey supermarket opened fire in the store in the pre-dawn hours on Friday, killing two co-workers and then taking his own life, a prosecutor said. The 23-year-old shooter, identified as Terence S. Tyler by a police source, was on a night shift at the Pathmark grocery when he left the store about 3:30 a.m. EDT. He returned shortly after with an AK-47 automatic rifle and a handgun, Middlesex County Prosecutor Bruce Kaplan told a news conference. ... Full Story Top Exclusive: Morgan Stanley Smith Barney rainmakers consider exit Fri,31 Aug 2012 11:53 AM PDT Reuters - NEW YORK (Reuters) - Several dozen Morgan Stanley Smith Barney advisers who manage tens of billions of dollars of client money are considering leaving the firm, saying that widespread technology problems have made it very difficult for them to do their jobs, according to people familiar with the matter. The group has hired a lawyer to argue that they should be able to keep lucrative retention payments even if they quit, and they have also drafted a letter to Morgan Stanley CEO James Gorman outlining their concerns, though the letter has not yet been sent, the sources said. ... Full Story Top Romney appeals to voters disillusioned with Obama Fri,31 Aug 2012 02:46 PM PDT Reuters - TAMPA, Florida (Reuters) - Republican Mitt Romney urged voters on Thursday to help him rebuild the U.S. economy and create millions of new jobs, asking them to overcome their disappointment in President Barack Obama and join him in restoring the promise of America. In a high-stakes speech accepting the Republican presidential nomination, Romney said he would work to unify a divided country that believed Obama's lofty campaign promises but had lost hope they would be fulfilled. "What is needed in our country today is not complicated or profound. ... Full Story Top Thousands return home after Philippines quake, tsunami warning lifted Fri,31 Aug 2012 08:19 PM PDT Reuters - GUIUAN, Philippines (Reuters) - Tens of thousands of people on a central Philippine island returned home on Saturday after a tsunami alert was lifted following a 7.6 magnitude undersea quake, as local authorities began work to repair damages to public infrastructure. The earthquake 91 miles off the town of Guiuan on Samar island on Friday killed one person and caused only minor damage, but prompted the U.S. Pacific Tsunami Warning Center to issued a tsunami warning. ... Full Story Top Egypt says Syria's "oppressive regime" must go Fri,31 Aug 2012 02:13 PM PDT Reuters - DUBAI/AMMAN (Reuters) - Egypt called on Thursday for intervention to halt bloodshed in Syria, telling a meeting of 120 nations it was their duty to stand against the "oppressive regime" of Bashar al-Assad, prompting a Syrian walkout. President Mohamed Mursi, elected two months ago after a popular uprising toppled Egypt's long-standing leader Hosni Mubarak, said Assad had lost legitimacy in his fight to crush a 17-month-old revolt in which 20,000 people have been killed. ... Full Story Top Major quake off Philippines causes panic but minor damage Fri,31 Aug 2012 09:55 AM PDT Reuters - MANILA (Reuters) - An earthquake of 7.6 magnitude struck off the Philippines on Friday killing one person, damaging roads and bridges and sending people fleeing to higher ground in fear of a tsunami, a politician and authorities said. The quake was centered off the east coast, 91 miles off the town of Guiuan in Samar province at a depth of about 20 miles, the U.S. Geological Survey said. The Pacific Tsunami Warning Center issued a warning for much of the region, but cancelled it about two hours later. ... Full Story Top Consumer confidence rises but outlook still grim Fri,31 Aug 2012 08:16 AM PDT Reuters - NEW YORK (Reuters) - Consumer sentiment hit a three-month high in August as households chipped away at outstanding debt, though Americans were pessimistic about the future, a survey showed on Friday. Separate reports on the manufacturing sector painted a mixed picture, with factory orders rising by more than expected in July but Midwest business activity slipping in August. Manufacturing had been at the vanguard of the country's recovery from the 2007-2009 recession but has lost momentum in recent months as economic difficulty in Europe and beyond has sapped overseas demand for U.S. products. ... Full Story Top As Isaac fades, sparring over disaster funding Fri,31 Aug 2012 02:51 PM PDT Reuters - NEW ORLEANS (Reuters) - The remnants of Hurricane Isaac brought heavy rainfall and the threat of flash flooding to the Mississippi Valley on Friday as Gulf Coast residents cleaned up and energy facilities prepared to grind back into operation. Major offshore oil drillers returned staff to their platforms in the Gulf of Mexico, although operations were expected to take several days to ramp up. One Louisiana refinery tapped into the U.S. government's emergency crude oil stockpile to speed up its output. ... Full Story Top Bernanke says Fed ready to act but short on specifics Fri,31 Aug 2012 01:27 PM PDT Reuters - JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke on Friday left the door wide open to a further easing of monetary policy, saying the stagnation in the U.S. labor market was a "grave concern," but he stopped short of providing a clear signal of imminent action. His stark language gave a temporary lift to U.S. stocks, but economists walked away from the Fed chairman's remarks still divided over whether the central bank would launch a fresh round of bond purchases at its upcoming meeting in September. ... Full Story Top Two Afghan children beheaded in separate incidents Fri,31 Aug 2012 11:23 AM PDT Reuters - KABUL (Reuters) - An adolescent boy and a young girl have been beheaded in two separate incidents in Afghanistan, local officials and police said on Friday, in the latest brazen attacks that have raised fresh questions about a splintering Taliban. A 12-year-old boy was kidnapped and killed in southern Kandahar province on Wednesday, his severed head placed near his body to send a warning to police, said provincial governor spokesman Jawid Faisal. The brother of the boy, neither of whom were named by officials, was a member of the Afghan Local Police (ALP), a U.S. ... Full Story Top North Korea makes "significant" nuclear reactor progress: IAEA Fri,31 Aug 2012 06:21 AM PDT Reuters - VIENNA (Reuters) - North Korea has made significant progress in the construction of a light water atomic reactor over the past year, a U.N. watchdog report said, a facility that may extend Pyongyang's capacity to produce material for nuclear weapons. The International Atomic Energy Agency (IAEA), citing satellite images, also said "certain activities" had been observed at locations where the reclusive Asian state "reportedly" conducted nuclear tests in 2006 and 2009. ... Full Story Top Exclusive: China's Hu seeks clean power handover with ally's promotion - sources Fri,31 Aug 2012 01:19 AM PDT Reuters - BEIJING (Reuters) - China's outgoing President Hu Jintao is angling to promote one of his closest allies to the military's decision-making body, sources said, in a move that would allow him to maintain an influence over Beijing's most potent instrument of power. Three sources with ties to the top leadership said Hu hopes to cut all of his direct links to the top echelons of power by early 2013, on the understanding that his protégé, Vice Premier Li Keqiang, is made a vice chairman of the military commission at the party's five-yearly congress later this year. ... Full Story Top Insight: Brutality, anger fuel jihad in Russia's Caucasus Fri,31 Aug 2012 01:14 AM PDT Reuters - GIMRY, Russia (Reuters) - Little girls in hijabs peek out of tin-roof houses and boys play at "cops and insurgents" in the narrow dirt streets. At one end of the village of Gimry men are building a new, red-brick madrassa, one of many religious schools springing up across Dagestan, a region in the high Caucasus mountains on Russia's southern fringe, in the throes of an Islamic revival. More than a dozen young men from the village have "gone to the forest" - the local euphemism for joining insurgents in their hideouts, says village administrator Aliaskhab Magomedov. ... Full Story Top Analysis: JPMorgan faces sea of trouble resolving "Whale" probe Thu,30 Aug 2012 10:02 PM PDT Reuters - NEW YORK (Reuters) - The fallout from a nearly $6 billion trading loss at JPMorgan Chase & Co looks like it will haunt the big U.S. bank and its high-profile chief executive, Jamie Dimon, for months to come. U.S. authorities are interviewing witnesses in both the United States and Europe to determine if three former London-based traders and others who worked with them at JPMorgan tried to hide some of the mounting losses during the first quarter of this year, said people familiar with the situation. The situation presents several challenges to U.S. ... Full Story Top Insight: Does China's next leader have a soft spot for Tibet? Fri,31 Aug 2012 01:06 AM PDT Reuters - BEIJING/DHARAMSALA (Reuters) - For decades, Beijing has maintained that the Dalai Lama is a separatist, but Tibet's exiled spiritual leader once had a special relationship with the father of Xi Jinping, the man in line to become China's next president. Few people know what Xi, whose ascent to the leadership is likely to be approved at a Communist Party congress later this year, thinks of Tibet or the Dalai Lama. ... Full Story Top WikiLeaks' Assange sees up to a year in Ecuador embassy Thu,30 Aug 2012 09:10 PM PDT Reuters - QUITO (Reuters) - Julian Assange expects to wait six months to a year for a deal to free him from Ecuador's embassy in London, and hopes Sweden will drop its case against him, the WikiLeaks' founder said in an interview broadcast on Thursday. The former computer hacker has been holed up at the embassy for more than two months, seeking to avoid being sent to Sweden for questioning over rape and sexual assault allegations - and triggering a diplomatic spat with Britain. ... Full Story Top Barclays picks retail banker to replace Diamond Thu,30 Aug 2012 11:00 AM PDT Reuters - LONDON (Reuters) - Barclays named retail banker Antony Jenkins as chief executive on Thursday, signaling a shift from riskier investment banking as it tries to recover from the interest rate-rigging scandal that brought down his predecessor. Criticised by regulators for an aggressive culture under limelight-loving American Bob Diamond, Barclays must now decide how far to curb the investment bank he built and which generates most of the British bank's profits. ... Full Story Top

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