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Wednesday, June 29, 2011 12:13 AM PDT

Today's Reuters News Headlines - Yahoo! News: BofA near $8.5 billion settlement on securities Obama defends record in campaign-style Iowa stop Police search Kabul hotel after Taliban attack kills 10 Asia looks to "friend" Lagarde to honor IMF Prospects improve Greek austerity plan will pass SEC to propose conduct rules for swap dealers Tax standoff blocks progress in debt talks Dodgers win court approval for $60 million bankruptcy loan Decline in home prices ebbs, consumers gloomy Exclusive: U.S., Swiss at impasse on tax dodge accord Microsoft rolls out Office in the cloud Tax standoff blocks progress in debt talks Suicide bombers attack landmark hotel in Afghan capital Lagarde wins IMF top job, presses Greece on crisis BofA near $8.5 billion settlement on securities Madoff judge: Feeder fund investors cannot recover Senate confirms 3 top Justice Department nominees Analysis: Big business scores key Supreme Court term wins Pawlenty hits Obama on "Arab Spring" Palin fuels presidential bid speculation in Iowa Consumer confidence falls in June Pakistan says stop "blame game" at U.S., Afghan talks Space debris risks colliding with orbital station Radioactive water leaks from Japan's damaged plant Special Report: A little house of secrets on the Great Plains China demands Ai Weiwei pay $1.85 million in taxes, fines Blagojevich jurors: Tapes made case against ex-governor Los Alamos scurries to protect nuclear lab from fire Benefit of mammograms even greater than thought Mob boss played slots in Vegas while on the run Immigration restrictions take 1 step forward, 1 back, in South French banks agree to Greek debt rollover Nike quarterly net income rises 14 percent Japan utility faces shareholder wrath over nuclear crisis Court strikes down minor violent video game ban Global consumers crave green energy in survey: Vestas International court orders Gaddafi's arrest Trial opens for accused Cleveland serial killer Bachmann launches 2012 presidential bid Consumer spending breaks 10-month rising streak BofA near $8.5 billion settlement on securities Tue,28 Jun 2011 05:15 PM PDT Reuters - CHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday. Full Story1 Top Obama defends record in campaign-style Iowa stop Tue,28 Jun 2011 01:11 PM PDT Reuters - BETTENDORF, Iowa (Reuters) - President Barack Obama defended his economic record on Tuesday on a visit to Iowa, reminding voters in a state that could be crucial to his re-election that they helped send him to the White House. Full Story1 Top Police search Kabul hotel after Taliban attack kills 10 Tue,28 Jun 2011 11:12 PM PDT Reuters - KABUL (Reuters) - Afghan police sifted through one of Kabul's landmark hotels room by room on Wednesday for any more casualties or security threats after an overnight assault by Taliban suicide bombers killed 10 Afghan civilians and police. Full Story1 Top Asia looks to "friend" Lagarde to honor IMF Tue,28 Jun 2011 11:23 PM PDT Reuters - SINGAPORE (Reuters) - Asia's fast-rising economies set their sights on securing key IMF appointments under newly named chief Christine Lagarde on Wednesday, hopeful she would be the one to make good on oft-heard pledges to swing more power to emerging markets. Full Story1 Top Prospects improve Greek austerity plan will pass Tue,28 Jun 2011 04:56 PM PDT Reuters - ATHENS/BRUSSELS (Reuters) - Prospects that Greece would pass an austerity package needed to avoid sovereign default improved on Tuesday when a key deputy added his support, even as street protests turned violent in Athens. Full Story1 Top SEC to propose conduct rules for swap dealers Tue,28 Jun 2011 09:28 PM PDT Reuters - WASHINGTON (Reuters) - Securities regulators are poised on Wednesday to propose rules for how swap dealers interact with their customers, in a move designed to manage risk and protect clients from abusive practices. Full Story1 Top Tax standoff blocks progress in debt talks Tue,28 Jun 2011 06:47 PM PDT Reuters - WASHINGTON (Reuters) - U.S. Democrats and Republicans on Tuesday showed no sign of resolving an impasse over taxes that has stalled budget negotiations and could threaten the country's top-notch credit rating. Full Story1 Top Dodgers win court approval for $60 million bankruptcy loan Tue,28 Jun 2011 02:38 PM PDT Reuters - WILMINGTON, Delaware (Reuters) - The Los Angeles Dodgers were cleared on Tuesday to borrow $60 million to make payroll, but the team spent its first full day in bankruptcy battling with Major League Baseball. Full Story1 Top Decline in home prices ebbs, consumers gloomy Tue,28 Jun 2011 03:45 PM PDT Reuters - NEW YORK (Reuters) - The plunge in U.S. home prices showed signs of leveling off in April, but worries about unemployment pushed consumer confidence to a seven-month low in June. Full Story1 Top Exclusive: U.S., Swiss at impasse on tax dodge accord Tue,28 Jun 2011 01:23 PM PDT Reuters - NEW YORK/GENEVA (Reuters) - Advanced talks have bogged down on a multibillion-dollar deal between Switzerland and the United States over Swiss banks helping Americans to shield their money from the U.S. taxman, two sources briefed on the matter said Tuesday. Full Story1 Top Microsoft rolls out Office in the cloud Tue,28 Jun 2011 01:14 PM PDT Reuters - SEATTLE (Reuters) - Microsoft Corp made its biggest move into the mobile, Internet-accessible world of "cloud" computing on Tuesday, taking the wraps off a revamped online version of its hugely profitable Office software suite. Full Story1 Top Tax standoff blocks progress in debt talks Tue,28 Jun 2011 02:05 PM PDT Reuters - WASHINGTON (Reuters) - Democrats and Republicans on Tuesday showed no sign of resolving an impasse over taxes that has stalled budget negotiations and could threaten the country's top-notch credit rating. Full Story1 Top Suicide bombers attack landmark hotel in Afghan capital Tue,28 Jun 2011 04:53 PM PDT Reuters - KABUL (Reuters) - Up to seven Taliban fighters, including suicide bombers, attacked a hotel frequented by Westerners in the Afghan capital late on Tuesday, Afghan officials said, before NATO helicopters killed the last three insurgents in a final rooftop battle. Full Story1 Top Lagarde wins IMF top job, presses Greece on crisis Tue,28 Jun 2011 04:41 PM PDT Reuters - WASHINGTON (Reuters) - French Finance Minister Christine Lagarde on Tuesday clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default. Full Story1 Top BofA near $8.5 billion settlement on securities Tue,28 Jun 2011 03:41 PM PDT Reuters - NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a source familiar with the process said on Tuesday. Full Story1 Top Madoff judge: Feeder fund investors cannot recover Tue,28 Jun 2011 03:16 PM PDT Reuters - NEW YORK (Reuters) - Investors in "feeder funds" who lost money in Bernard Madoff's Ponzi scheme do not qualify as customers of the now-imprisoned swindler, a federal bankruptcy judge ruled on Tuesday. Full Story1 Top Senate confirms 3 top Justice Department nominees Tue,28 Jun 2011 11:06 AM PDT Reuters - WASHINGTON (Reuters) - The Democratic-led Senate on Tuesday confirmed three of President Barack Obama's senior Justice Department nominees, including long-stalled Deputy Attorney General James Cole, who drew broad Republican opposition. Full Story1 Top Analysis: Big business scores key Supreme Court term wins Tue,28 Jun 2011 12:15 PM PDT Reuters - WASHINGTON (Reuters) - Giant retailer Wal-Mart Inc, telecommunications company AT&T Inc and coal power companies came out the big winners in the U.S. Supreme Court's just-ended term that rejected large lawsuits against them. Full Story1 Top Pawlenty hits Obama on "Arab Spring" Tue,28 Jun 2011 12:23 PM PDT Reuters - NEW YORK (Reuters) - Republican presidential candidate Tim Pawlenty accused President Barack Obama on Tuesday of a timid and incoherent response to the "Arab Spring" uprisings against autocratic rulers across the Middle East and North Africa. Full Story1 Top Palin fuels presidential bid speculation in Iowa Tue,28 Jun 2011 04:37 PM PDT Reuters - PELLA, Iowa (Reuters) - Republican Sarah Palin said on Tuesday she is still studying a potential 2012 presidential run, though her daughter said she has already made up her mind. Full Story1 Top Consumer confidence falls in June Tue,28 Jun 2011 08:36 AM PDT Reuters - NEW YORK (Reuters) - Consumer confidence fell in June to the lowest point since November 2010 on concerns about the slack labor market and sputtering recovery, according to a Conference Board report released on Tuesday. Full Story1 Top Pakistan says stop "blame game" at U.S., Afghan talks Tue,28 Jun 2011 12:05 PM PDT Reuters - KABUL (Reuters) - Pakistan called on Tuesday for the "blame game" to stop as the United States, Afghanistan and Pakistan met to discuss security in the region amid a Taliban insurgency and heightened tensions over cross border shelling. Full Story1 Top Space debris risks colliding with orbital station Tue,28 Jun 2011 09:00 AM PDT Reuters - MOSCOW (Reuters) - Six astronauts were forced to take refuge aboard the International Space Station's "lifeboat" crafts Tuesday, bracing for the threat of a collision with floating space debris, the Russian space agency said. Full Story1 Top Radioactive water leaks from Japan's damaged plant Tue,28 Jun 2011 06:20 AM PDT Reuters - TOKYO (Reuters) - Tons of radioactive water were discovered on Tuesday to have leaked into the ground from Japan's Fukushima nuclear plant, the latest in a series of leaks at the plant damaged in a March earthquake and tsunami, the country's nuclear watchdog said. Full Story1 Top Special Report: A little house of secrets on the Great Plains Tue,28 Jun 2011 08:30 AM PDT Reuters - SHELL GAMES: A Reuters Investigation Full Story1 Top China demands Ai Weiwei pay $1.85 million in taxes, fines Tue,28 Jun 2011 05:29 AM PDT Reuters - BEIJING (Reuters) - Beijing's tax authorities have asked the dissident Chinese artist Ai Weiwei, released recently from more than two months in detention, to pay 12 million yuan ($1.85 million) in back taxes and fines, a friend of his said on Tuesday. Full Story1 Top Blagojevich jurors: Tapes made case against ex-governor Mon,27 Jun 2011 08:30 PM PDT Reuters - CHICAGO (Reuters) - The jurors who found Rod Blagojevich guilty of federal corruption charges on Monday said they deliberated methodically and began with the presumption that he was innocent. Full Story1 Top Los Alamos scurries to protect nuclear lab from fire Tue,28 Jun 2011 04:26 PM PDT Reuters - SANTA FE, New Mexico (Reuters) - New Mexico fire managers scrambled on Tuesday to reinforce ground crews battling for a third day against a fierce blaze roaring out of control at the edge of one of the nation's top nuclear weapons production centers. Full Story1 Top Benefit of mammograms even greater than thought Mon,27 Jun 2011 10:35 PM PDT Reuters - CHICAGO (Reuters) - The longest-running breast cancer screening study ever conducted has shown that regular mammograms prevent deaths from breast cancer, and the number of lives saved increases over time, an international research team said on Tuesday. Full Story1 Top Mob boss played slots in Vegas while on the run Mon,27 Jun 2011 03:23 PM PDT Reuters - WASHINGTON (Reuters) - A picture of what life was like for former mob boss James "Whitey" Bulger while he was on the run emerged on Monday: Las Vegas casinos, trips to Mexico and returning to his hometown of Boston heavily armed to take care of "unfinished business." Full Story1 Top Immigration restrictions take 1 step forward, 1 back, in South Mon,27 Jun 2011 04:39 PM PDT Reuters - ATLANTA (Reuters) - A federal judge on Monday blocked two key parts of Georgia's crackdown on illegal immigration, just as the governor in neighboring South Carolina signed a measure to impose new immigration restrictions there. Full Story1 Top French banks agree to Greek debt rollover Mon,27 Jun 2011 01:48 PM PDT Reuters - ATHENS/PARIS (Reuters) - France offered a radical solution Monday for banks to roll over some Greek debt for 30 years as the Greek government fought for political support of its five-year austerity plan to avert bankruptcy. Full Story1 Top Nike quarterly net income rises 14 percent Mon,27 Jun 2011 04:50 PM PDT Reuters - NEW YORK (Reuters) - Nike Inc reported stronger-than-expected quarterly earnings on Monday as a 14 percent increase in revenue helped offset higher costs, and orders showed surprising strength for the future. Full Story1 Top Japan utility faces shareholder wrath over nuclear crisis Mon,27 Jun 2011 11:34 PM PDT Reuters - TOKYO (Reuters) - The utility at the heart of Japan's nuclear crisis, Tokyo Electric Power Co, faced pressure on Tuesday from angry shareholders to shut all its reactors in a sign of growing Japanese opposition to nuclear energy. Full Story1 Top Court strikes down minor violent video game ban Mon,27 Jun 2011 01:46 PM PDT Reuters - WASHINGTON (Reuters) - Governments cannot ban the sale or rental of violent video games to minors because it would violate free-speech rights, the U.S. Supreme Court said on Monday in its first ruling in a video game case. Full Story1 Top Global consumers crave green energy in survey: Vestas Mon,27 Jun 2011 09:14 PM PDT Reuters - NEW YORK (Reuters) - Consumers around the world overwhelmingly support the rollout of renewable energy, but many have mistaken views about "green" products, according to a survey conducted by TNS Gallup for Vestas Wind Systems. Full Story1 Top International court orders Gaddafi's arrest Mon,27 Jun 2011 03:02 PM PDT Reuters - THE HAGUE/TRIPOLI (Reuters) - The International Criminal Court issued an arrest warrant on Monday for Libyan leader Muammar Gaddafi, and rebels trying to oust him said their forces had advanced to within 80 km (50 miles) of the capital. Full Story1 Top Trial opens for accused Cleveland serial killer Mon,27 Jun 2011 04:56 PM PDT Reuters - CLEVELAND (Reuters) - Prosecutors named each of the 11 women Anthony Sowell is alleged to have murdered and where their decomposing bodies were found buried in or around his house in opening statements for his trial on Monday. Full Story1 Top Bachmann launches 2012 presidential bid Mon,27 Jun 2011 11:24 AM PDT Reuters - WATERLOO, Iowa (Reuters) - Rising Tea Party star Michele Bachmann leaped into the Republican 2012 presidential nomination race on Monday, saying the country cannot afford four more years of President Barack Obama's handling of the economy. Full Story1 Top Consumer spending breaks 10-month rising streak Mon,27 Jun 2011 02:09 PM PDT Reuters - WASHINGTON (Reuters) - U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake. Full Story1 Top

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