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Tuesday, September 4, 2012 12:01 AM PDT

Today's Reuters News Headlines - Yahoo! News: Obama, Democrats to make their case as convention opens Obama, on eve of convention, tours storm-hit Louisiana Iran could strike U.S. bases if Israel attacks: Hezbollah Rebels hit army headquarters in Damascus Analysis: Does history suggest China growth is about to rebound? South Africa police fire teargas as mine unrest spreads Samsung to review 250 Chinese suppliers for labor violations Two U.S. consulate employees wounded in Pakistan bomb attack Republicans try to counter Democrats' convention Syrians fleeing war start to trickle into Europe Iran could strike US bases if Israel attacks: Hezbollah Storm Isaac moves east while impact lingers in Louisiana Republicans try to counter Democrats' convention Obama, on eve of convention, tours storm-hit Louisiana Greek PM sings in tune, now must hit the hard notes Obama, on eve of convention, tours storm-hit Louisiana Obama, Romney tied as Democrats go into convention: Reuters/Ipsos poll Insight: China's steel traders expose banks' bad debts For unions, holiday begins somber election countdown At Jackson Hole, a growing fear for Fed independence Samsung's crisis culture: a driver and a drawback Netanyahu urges international "red lines" to stop Iran U.S. suspends training of Afghan local police force 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 Obama, Democrats to make their case as convention opens Mon,3 Sep 2012 10:44 PM PDT Reuters - CHARLOTTE, North Carolina (Reuters) - Democrats launch their case for U.S. President Barack Obama's re-election at his nominating convention on Tuesday, looking to draw a sharp contrast with Republican rival Mitt Romney and convince voters that Obama has the more sensible plan for economic recovery. First lady Michelle Obama's appearance highlights the opening night of the three-day Democratic gathering in Charlotte, North Carolina, which concludes with Obama's acceptance speech on Thursday to more than 65,000 supporters in a downtown football stadium. ... Full Story Top Obama, on eve of convention, tours storm-hit Louisiana Mon,3 Sep 2012 08:22 PM PDT Reuters - LAPLACE, Louisiana (Reuters) - President Barack Obama toured hurricane-stricken Louisiana on Monday and promised federal recovery help as he sought to show his administration was on top of the disaster response on the eve of his Democrats' national convention in North Carolina. Obama was preceded by his Republican challenger, Mitt Romney, who diverted from the campaign trail to Louisiana on Friday to inspect the fallout from Hurricane Isaac a day after accepting his party's nomination for the November 6 election. ... Full Story Top Iran could strike U.S. bases if Israel attacks: Hezbollah Mon,3 Sep 2012 10:51 PM PDT Reuters - BEIRUT (Reuters) - Iran could hit U.S. bases in the Middle East in response to any Israeli strike on its nuclear facilities even if American forces played no role in the attack, the leader of Lebanon's Iranian-backed militant group Hezbollah said on Monday. "A decision has been taken to respond and the response will be very great," Hezbollah Secretary-General Sayyed Hassan Nasrallah said in an interview with the Beirut-based Al Mayadeen television. ... Full Story Top Rebels hit army headquarters in Damascus Mon,3 Sep 2012 05:57 AM 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 Analysis: Does history suggest China growth is about to rebound? Mon,3 Sep 2012 03:24 PM PDT Reuters - BEIJING (Reuters) - The last time China's vast manufacturing sector had conditions like those in August it was March 2009 and the economy was about to rebound from the global financial crisis. This time around analysts are not so certain a clear recovery for the major global growth engine will come anytime soon. In fact, two purchasing managers' indexes showed new orders are falling, adding to other evidence that suggests a slide in economic growth for the world's second-biggest economy is deepening, pushing back expectations for when a rebound may occur. ... Full Story Top South Africa police fire teargas as mine unrest spreads Mon,3 Sep 2012 01:58 PM PDT Reuters - JOHANNESBURG (Reuters) - South African police fired teargas and rubber bullets to disperse striking miners at a gold mine near Johannesburg on Monday, the latest outbreak in a wave of labor militancy spreading from platinum mining into other parts of the sector. The unrest occurred less than three weeks after police shot dead 34 striking miners at Lonmin's Marikana mine, the bloodiest security incident since the end of white-minority rule in 1994. ... Full Story Top Samsung to review 250 Chinese suppliers for labor violations Mon,3 Sep 2012 03:57 PM PDT Reuters - SEOUL (Reuters) - Samsung Electronics Co said on Monday it would inspect 250 Chinese companies which make products for the South Korean firm to ensure no labor laws are broken after a U.S.-based group accused one of its suppliers of using child labor. Samsung also said its audit into working conditions at an HEG Electronics facility in Huizhou in southern China found no under-aged workers. New York-based China Labor Watch said last month seven children younger than 16 were working in the factory that makes phones and DVD players for Samsung. ... Full Story Top Two U.S. consulate employees wounded in Pakistan bomb attack Mon,3 Sep 2012 07:46 AM PDT Reuters - PESHAWAR, Pakistan (Reuters) - Two Americans working for the U.S. consulate were wounded on Monday in a bomb attack on their vehicle in the Pakistani city of Peshawar, the American embassy said. The blast also wounded two Pakistani employees of the consulate, the embassy in Islamabad said in a statement. Earlier, regional Information Minister Mian Iftikhar Hussain told reporters at least four people, including two Americans, were killed in an attack by a suicide bomber in a vehicle. "We can confirm that a vehicle belonging to the U.S. ... Full Story Top Republicans try to counter Democrats' convention Mon,3 Sep 2012 07:42 PM PDT Reuters - WOLFEBORO, New Hampshire (Reuters) - Republicans prepared a counterpunch to the Democratic National Convention this week by introducing their new line of attack with a not-so-new question: "Are you better off than you were four years ago?" While Republican presidential candidate Mitt Romney spent time on his boat in New Hampshire on Monday, his running mate, Wisconsin congressman Paul Ryan, and other Republican officials converged on Charlotte, North Carolina, where President Barack Obama will accept his party's nomination and enter the home stretch of the 2012 race for the White House. ... Full Story Top Syrians fleeing war start to trickle into Europe Mon,3 Sep 2012 03:03 PM PDT Reuters - KOPINGEBRO, Sweden (Reuters) - Ali Jamal travelled thousands of miles on foot, by train and road to flee violence in Syria while Jomaah piled his family into a camper van to smuggle them north to Europe. They have now reached safety in Sweden, some of the growing thousands of Syrians who are evading the European Union's frontier controls to escape the turmoil of the past 18 months. That is raising calls for a more focused European response to a refugee crisis that has seen over 200,000 Syrians flee to Jordan, Iraq, Lebanon and, especially, Turkey. ... Full Story Top Iran could strike US bases if Israel attacks: Hezbollah Mon,3 Sep 2012 03:35 PM PDT Reuters - BEIRUT (Reuters) - Iran could hit U.S. bases in the Middle East in response to any Israeli strike on its nuclear facilities even if American forces played no role in the attack, the leader of Lebanon's Iranian-backed militant group Hezbollah said on Monday. "A decision has been taken to respond and the response will be very great," Hezbollah Secretary-General Sayyed Hassan Nasrallah said in an interview with the Beirut-based Al Mayadeen television. ... 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 Republicans try to counter Democrats' convention Mon,3 Sep 2012 01:54 PM PDT Reuters - WOLFEBORO, New Hampshire (Reuters) - U.S. Republicans prepared a counterpunch to the Democratic National Convention this week by introducing their new line of attack with a not-so-new question: "Are you better off than you were four years ago?" While Republican presidential candidate Mitt Romney spent time on his boat in New Hampshire on Monday, his running mate, Wisconsin congressman Paul Ryan, and other Republican officials converged on Charlotte, North Carolina, where President Barack Obama will accept his party's nomination and enter the home stretch of the 2012 race for the White House. ... Full Story Top Obama, on eve of convention, tours storm-hit Louisiana Mon,3 Sep 2012 03:54 PM PDT Reuters - LAPLACE, Louisiana (Reuters) - President Barack Obama visited Louisiana on Monday for a first-hand look at the damage from Hurricane Isaac, seeking to show his administration was on top of the relief effort on the eve of his Democrats' national convention in North Carolina. Obama's tour was pre-empted by his Republican challenger, Mitt Romney, who diverted from the campaign trail to Louisiana on Friday to inspect the fallout from the storm a day after accepting his party's nomination for the November 6 election. Flying into New Orleans, Obama traveled by motorcade to nearby St. ... 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 Obama, on eve of convention, tours storm-hit Louisiana Mon,3 Sep 2012 03:47 PM PDT Reuters - LAPLACE, Louisiana (Reuters) - President Barack Obama visited Louisiana on Monday for a first-hand look at the damage from Hurricane Isaac, seeking to show his administration was on top of the relief effort on the eve of his Democrats' national convention in North Carolina. Obama's tour was pre-empted by his Republican challenger, Mitt Romney, who diverted from the campaign trail to Louisiana on Friday to inspect the fallout from the storm a day after accepting his party's nomination for the November 6 election. Flying into New Orleans, Obama traveled by motorcade to nearby St. ... Full Story Top 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 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 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 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 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 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 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

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