Friday, November 30, 2012

Daily News – Reuters News Headlines - Boehner sees no progress in "fiscal cliff" talks

Thursday, Nov 29, 2012 04:38 PM PST
Today's Reuters News Headlines - Yahoo! News:

Boehner sees no progress in "fiscal cliff" talks 
Thursday, Nov 29, 2012 04:38 PM PST
U.S. House Speaker Boehner speaks next to Majority Leader Cantor during a news conference on Capitol Hill in WashingtonWASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Thursday that "fiscal cliff" talks with the White House had made no substantive progress and criticized President Barack Obama and Democrats for failing to get serious about including spending cuts in a final deal. Boehner said he was "disappointed" after a phone call with Obama on Wednesday night and a meeting with Treasury Secretary Timothy Geithner on Thursday moved the two sides no closer to an agreement to avert the tax hikes and spending cuts that will be triggered at the start of 2013 unless Congress ...
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Palestinians win de facto U.N. recognition of sovereign state 
Thursday, Nov 29, 2012 08:29 PM PST
A Palestinian boy in traditional clothes waves a Palestinain flag during a rally in the West Bank city of RamallahUNITED NATIONS (Reuters) - The 193-nation U.N. General Assembly on Thursday overwhelmingly approved the de facto recognition of the sovereign state of Palestine after Palestinian President Mahmoud Abbas called on the world body to issue its long overdue "birth certificate." The U.N. victory for the Palestinians was a diplomatic setback for the United States and Israel, which were joined by only a handful of countries in voting against the move to upgrade the Palestinian Authority's observer status at the United Nations to "non-member state" from "entity," like the Vatican. ...
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Egypt constitution finalized as opposition cries foul 
Thursday, Nov 29, 2012 09:40 PM PST
Youths walk next to a pirate flag on display by a street vendor at Tahrir Square in CairoCAIRO (Reuters) - An Islamist-led assembly finalized a new constitution early on Friday aimed at transforming Egypt and paving the way for an end to a crisis that erupted when President Mohamed Mursi gave himself sweeping new powers last week. Mursi said his decree halting court challenges to his decisions, which provoked protests and violence from Egyptians fearing a new dictator was emerging less than two years after they ousted Hosni Mubarak, was "for an exceptional stage." "It will end as soon as the people vote on a constitution," he told state television on Thursday night. ...
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Insight: How a desperate HP suspended disbelief for Autonomy deal 
Thursday, Nov 29, 2012 10:36 PM PST
File photograph of a woman walking past the Hewlett Packard logo at its French headquarters in Issy le MoulineauxSAN FRANCISCO/NEW YORK/LONDON (Reuters) - For Leo Apotheker, the former Hewlett-Packard CEO, a July 2011 meeting with Autonomy founder Mike Lynch at a chic seaside resort in France was pivotal to his effort to remake a storied technology giant. In the nine months since taking the helm at HP, Apotheker had tried furiously to find a way to move the lumbering company away from its low-margin computer hardware business and into the lucrative corporate software and services arena. ...
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After long jail term, gaming gangster faces less violent but still murky Macau 
Thursday, Nov 29, 2012 11:25 PM PST
File picture shows Wan, alias Broken Tooth Koi, in handcuffs after being arrested by Macau's Judicial Police Director Baptista during an anti-crime raid in MacauMACAU (Reuters) - Wan "Broken Tooth" Kuok-koi will emerge from jail this weekend into a very different Macau gambling haven than the one he bullied in the late-1990s. Under new leadership, chosen at a Chinese Communist Party Congress this month where corruption was a dominant theme, Beijing is sending strong signals to Macau authorities to tighten regulation and promote responsible gaming in the world's casino capital. It's a far cry from more than a decade ago when Wan and other triad gangsters ran amok during the final days of Portuguese rule of this southern Chinese outcrop. ...
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Insight: Lawyers gain from "say-on-pay" suits targeting U.S. firms 
Thursday, Nov 29, 2012 10:10 PM PST
NEW YORK (Reuters) - Since the Dodd-Frank law gave shareholders a say in executive pay in 2010, courts have routinely rebuffed efforts by shareholders to force companies to heed their voice. Now, lawyers have found a new way to bring lawsuits over executive pay, resulting in a handful of legal settlements. But the settlements to date have produced no changes in executive compensation and no money for investors. In fact, the main financial beneficiary so far has been a small New York law firm that brought the bulk of the cases. ...
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Exclusive: Philippines fixer paid $30 million by Okada's Universal - sources 
Thursday, Nov 29, 2012 10:44 PM PST
Japanese billionaire Kazuo Okada attends the opening ceremony of his dining complex in Hong KongTOKYO/SAN FRANCISCO (Reuters) - Japanese billionaire Kazuo Okada's Universal Entertainment funneled at least $30 million to an ex-consultant for the Philippines gaming authority who is now at the center of a bribery investigation, according to sources and company records. The sum is six times the amount initially confirmed by Reuters and could, if found to be bribery, result in Okada being stripped of his firm's casino license in the Philippines and also jeopardize his gaming license in Las Vegas. ...
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Inventories boost economic growth but trend weak 
Thursday, Nov 29, 2012 01:44 PM PST
Job seekers speak to recruiters at a job fair sponsored by New York Department of Labor in New YorkWASHINGTON (Reuters) - The economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness. Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, with export growth also helping to offset the weakest consumer spending and first drop in business investment in more than a year. ...
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Britain's Cameron rejects press law after hacking scandal 
Thursday, Nov 29, 2012 11:55 AM PST
Britain's Prime Minister Cameron speaks about Lord Justice Brian Leveson's report on media practices in Parliament in this still image taken from video in LondonLONDON (Reuters) - Prime Minister David Cameron rejected the idea of a law to regulate the British press on Thursday, risking a split in his government after an inquiry advised legal backing for a watchdog to police the sometimes outrageous conduct of newspapers. Opposing an independent regulator enshrined in law will delight the British press ahead of the 2015 election but may raise concern inside the coalition government that Cameron lacks the mettle to stand up to media barons such as Rupert Murdoch. ...
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Analysis: Democrats' discord undercuts Obama estate tax push 
Thursday, Nov 29, 2012 10:07 PM PST
President Obama talks while on White House complex in WashingtonWASHINGTON (Reuters) - Divisions among Democrats are undermining President Barack Obama's push to raise the U.S. estate tax on inherited wealth, just weeks before the arrival of the "fiscal cliff" could drive the present estate tax rate even higher than Obama proposes. Action on the estate tax could be postponed. But in his successful re-election campaign, Obama called for wealthy Americans to pay more in taxes - and it is overwhelmingly the wealthy who pay the estate tax. ...
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U.S. gives Iran until March to cooperate with IAEA 
Thursday, Nov 29, 2012 06:23 PM PST
Iran's President Ahmadinejad speaks during a ceremony at the Natanz nuclear enrichment facilityVIENNA (Reuters) - The United States set a March deadline on Thursday for Iran to start cooperating in substance with a U.N. nuclear agency investigation, warning Tehran the issue may otherwise be referred to the U.N. Security Council. The comments by U.S. diplomat Robert Wood to the board of the International Atomic Energy Agency signaled Washington's growing frustration at a lack of progress in the IAEA's inquiry into possible military dimensions to Tehran's nuclear program. Iran - which was first reported to the U.N. ...
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Obama hosts election rival Romney for lunch 
Thursday, Nov 29, 2012 02:13 PM PST
Former U.S. Republican presidential nominee Mitt Romney is pictured as he arrives at the White House for lunch with U.S. President Barack Obama at the White House in WashingtonWASHINGTON (Reuters) - President Barack Obama and his vanquished Republican challenger, Mitt Romney, sat down for lunch at the White House on Thursday as they sought to put their bitterly fought presidential campaign behind them and make a show of political harmony. The two men chewed over the just-ended campaign during a meal of turkey chili and Southwestern grilled chicken salad in the dining room adjacent to the Oval Office. The visit was kept low key as Romney was brought in through a heavily guarded side entryway for a private one-on-one encounter. ...
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Fighting cuts access to Damascus airport, flights suspended 
Thursday, Nov 29, 2012 09:53 PM PST
Men who were injured in the explosions in Jaramana district, near Damascus, walk on a streetBEIRUT (Reuters) - Syrian rebels battled forces loyal to President Bashar al-Assad just outside Damascus on Thursday, cutting access to its international airport, and Dubai-based Emirates airline and EgyptAir stopped flights to the Syrian capital. The Internet and some telephone lines went down across Syria. Rebels and the government traded blame for the blackout, the worst communications outage in 20 months of conflict. Rebels fighting to topple Assad have been making gains around Syria by overrunning military bases and have been ramping up attacks on Damascus, his seat of power. ...
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Former President George H. W. Bush stable in hospital 
Thursday, Nov 29, 2012 10:04 AM PST
Former U.S. president H.W. Bush attends the afternoon four-ball round at the 39th Ryder Cup matches at the Medinah Country ClubHOUSTON (Reuters) - Former President George H. W. Bush is being treated at a Houston hospital for complications related to bronchitis and is in stable condition, the hospital said on Thursday. "President Bush has been in and out of The Methodist Hospital in the Texas Medical Center being treated for complications related to his bronchitis," Bush's office said in a statement released by the hospital. "He is in stable condition, and is expected to be released within the next 72 hours." The Houston Chronicle reported Thursday that Bush, 88, has been in the hospital for a week. ...
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North Korea pushing ahead with new nuclear reactor: IAEA 
Thursday, Nov 29, 2012 05:52 AM PST
VIENNA (Reuters) - North Korea has made further progress in the construction of a new atomic reactor, the U.N. nuclear chief reported on Thursday, a facility that may extend the country's capacity to produce material for nuclear bombs. Pyongyang "has continued construction of the light water reactor and largely completed work on the exterior of the main buildings," Yukiya Amano, director general of the International Atomic Energy Agency (IAEA), said. But, he told the IAEA's 35-nation governing board that the U.N. ...
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Palestinians win implicit U.N. recognition of sovereign state 
Thursday, Nov 29, 2012 03:03 PM PST
Palestinian President Mahmoud Abbas reacts as he arrives to address the United Nations Generally Assembly at UN Headquarters, in New York,UNITED NATIONS (Reuters) - The 193-nation U.N. General Assembly on Thursday overwhelmingly approved the de facto recognition of a sovereign Palestinian state after Palestinian President Mahmoud Abbas called on the world body to issue its long overdue "birth certificate." There were 138 votes in favor, nine against and 41 abstentions. Three countries did not take part in the vote to upgrade the Palestinian Authority's observer status at the United Nations to "non-member state" from "entity. ...
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U.S. gives Iran until March to cooperate with IAEA 
Thursday, Nov 29, 2012 10:39 AM PST
Iran's President Ahmadinejad speaks during a ceremony at the Natanz nuclear enrichment facilityVIENNA (Reuters) - The United States set a March deadline on Thursday for Iran to start cooperating in substance with a U.N. nuclear agency investigation, warning Tehran the issue may otherwise be referred to the U.N. Security Council. The comments by U.S. diplomat Robert Wood to the board of the International Atomic Energy Agency signaled Washington's growing frustration at a lack of progress in the IAEA's inquiry into possible military dimensions to Tehran's nuclear program. Iran - which was first reported to the U.N. ...
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Boehner sees no progress in fiscal cliff talks 
Thursday, Nov 29, 2012 02:45 PM PST
U.S. House Speaker Boehner speaks next to Majority Leader Cantor during a news conference on Capitol Hill in WashingtonWASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Thursday that "fiscal cliff" talks with the White House had made no substantive progress and criticized President Barack Obama and Democrats for failing to get serious about including spending cuts in a final deal. Boehner said he was "disappointed" after a phone call with Obama on Wednesday night and a meeting with Treasury Secretary Timothy Geithner on Thursday moved the two sides no closer to an agreement to avert the tax hikes and spending cuts that will be triggered at the start of 2013 unless Congress ...
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Opposition cries foul as Egypt constitution vote proceeds 
Thursday, Nov 29, 2012 02:18 PM PST
Youths walk next to a pirate flag on display by a street vendor at Tahrir Square in CairoCAIRO (Reuters) - Mohamed Mursi's Muslim Brotherhood has begun pushing through a new constitution that will transform Egypt, hoping it will end a crisis which erupted when the Islamist president gave himself sweeping new powers last week. Mursi said his decree halting court challenges to his decisions, which provoked protests and violence from Egyptians fearing the emergence of a new dictator less than two years after they ousted Hosni Mubarak, was "for an exceptional stage". "It will end as soon as the people vote on a constitution," he told state television on Thursday night. ...
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No "substantive" progress made on fiscal cliff: Boehner 
Thursday, Nov 29, 2012 09:02 AM PST
U.S. House Speaker Boehner speaks during a news conference on Capitol Hill in WashingtonWASHINGTON (Reuters) - House Speaker John Boehner said on Thursday that no substantive progress has been made to avoid the "fiscal cliff" of spending cuts and tax hikes that will start to go into effect early next year if Washington does not act. "Listen, I remain hopeful that productive conversations can be had in the days ahead. But the White House has to get serious," House of Representatives Speaker Boehner told reporters after a meeting with Treasury Secretary Timothy Geithner and the White House's main liaison to Congress. ...
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Euro zone economic mood cheers up a little in November 
Thursday, Nov 29, 2012 03:28 AM PST
EU Commission President Barroso addresses a news conference in BrusselsBRUSSELS (Reuters) - Economic morale in the euro zone improved for the first time in almost a year in November, but industry's reluctance to invest next year bodes poorly for a quick recovery from recession. Sentiment towards the bloc's economy rose 1.4 points to 85.7 beating forecasts and ending an eight-month run of falls, the European Commission's monthly business and consumer survey showed on Thursday, with Germany and France gaining strongly. ...
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Bombs kill 30 in Iraq Shi'ite cities 
Thursday, Nov 29, 2012 03:39 AM PST
Municipality workers clean debris at the site of a bomb attack in KerbalaHILLA, Iraq (Reuters) - Bombs in two majority Shi'ite Muslim cities in southern Iraq killed 28 people on Thursday, police and hospital sources said, in an attack aimed at spreading sectarian strife in the country. Scores more were wounded in the blasts, which struck during a month that is of special significance to Shi'ite Muslims, who are often targeted by al Qaeda's Iraqi affiliate and other Sunni Muslim insurgents. Nearly 2,000 people have been killed in Iraq so far this year following last December's withdrawl of U.S. troops, who had invaded in 2003 to overthrow Saddam Hussein. ...
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Insight: France's love affair with nuclear energy cools 
Thursday, Nov 29, 2012 05:55 AM PST
A general view shows France's oldest nuclear power station in FessenheimPARIS (Reuters) - For decades, the elite engineers turned out by Paris's grand Corps des Mines academy were faithful followers of the pro-atomic creed that transformed their country into the most nuclear-reliant nation in the world. But a new generation of Mines graduates is starting to question that policy. It is a change of mindset that could aid efforts by President Francois Hollande to cut reliance on nuclear power from 75 percent to 50 percent of the electricity mix by 2025. ...
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Pending home sales rise, beating expectations 
Thursday, Nov 29, 2012 07:10 AM PST
A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of WashingtonWASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose more than expected in October, a sign the housing market recovery advanced into the fourth quarter despite a mammoth storm and concerns over looming tax hikes. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed in October, gained 5.2 percent to 104.8. Economists polled by Reuters had expected signed contracts, which usually become sales after a month or two, to rise 0.8 percent last month. ...
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Third-quarter growth raised on strong inventory building 
Thursday, Nov 29, 2012 05:37 AM PST
Woman walks past an Aeropostale store in Times Square in New YorkWASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter, but the momentum is unlikely to be sustained as the nation braces for deep cuts in government spending and tax increases early next year. Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, as faster inventory accumulation and export growth offset weak consumer spending and the first drop in business investment in more than a year. While the growth pace was much quicker than the 2. ...
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Argentine bonds rally as U.S. ruling quells default fears 
Thursday, Nov 29, 2012 07:35 AM PST
Argentine President Fernandez de Kirchner delivers a speech at the closing ceremony of the UIA annual meeting at Los CardalesBUENOS AIRES (Reuters) - Argentine bond prices rallied on Thursday after fears of an imminent debt default receded when a U.S. appeals court gave the country an unexpected reprieve in a legal battle with holdout creditors. The 2nd U.S. Circuit Court of Appeals' decision to grant an emergency stay order gives Argentina more time to fight a ruling favoring "holdout" investors who rejected two restructurings of defaulted bonds to fight for full repayment in the courts. It delays a ruling on whether Argentina will have to pay $1. ...
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U.N. nuclear chief sees no progress on Iran concerns 
Thursday, Nov 29, 2012 04:18 AM PST
VIENNA (Reuters) - The U.N. nuclear agency made no progress in a year-long push to find out if Iran worked on developing an atomic bomb, its chief said on Thursday, calling for urgent efforts to end Tehran's standoff with the West. Yukiya Amano said he would not give up seeking to end what Western diplomats describe as Iranian stonewalling of the agency's investigation into possible military dimensions to the Islamic state's nuclear program. U.N. ...
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Insight: Cash crisis, Arab ferment threaten Jordan's stability 
Thursday, Nov 29, 2012 01:03 AM PST
Jordan's King Abdullah meets with United Nations emergency relief coordinator Valerie Amos at the Royal Palace in AmmanAMMAN (Reuters) - Violent protests that shocked Jordan this month have mostly subsided, but unprecedented chants for the "fall of the regime" suggested a deeper malaise in a kingdom so far spared the revolts reshaping the Arab world. Anger over fuel subsidy cuts undoubtedly drove the unrest, in which police shot dead one man during a confrontation at a police station. The government's planned electricity price rises starting next year may well ignite more popular fury. ...
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Managers delighted their stores sold winning lottery tickets 
Thursday, Nov 29, 2012 03:11 PM PST
Trex Mart truck stop manager Chris Naverz points to lottery tickets as he talks to a customer at the location, where one of two winning tickets in a $587.5 million Powerball lottery was sold at, in Dearborn, MissouriDEARBORN, Mo./FOUNTAIN HILLS, Arizona (Reuters) - Managers of a Missouri gas station and an Arizona food store said on Thursday they were delighted that they may have handed tickets to the two prospective multi-millionaire winners of a record $587.5 million Powerball lottery jackpot. The two winning tickets were sold at the gas station and sandwich shop in the tiny farming town of Dearborn, Missouri, about 30 miles north of Kansas City, and the food store in Fountain Hills, Arizona, on the outskirts of Phoenix. ...
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