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Saturday, July 2, 2011 12:01 AM PDT

Today's Reuters News Headlines - Yahoo! News: Analysis: Geithner may want to go; will Obama let him? KKR, Silver Lake to buy Go Daddy for $2.25 billion: sources Minnesota government shutdown begins after talks fail Manufacturing rises but consumers remain wary Shriver files for divorce from Schwarzenegger Rockets push back rebels south of Libyan capital Zynga files for IPO, surfs Facebook wave June auto sales weak for 2nd month in row Facebook set for $1 billion in social-gaming revenue Strauss-Kahn released from house arrest Mixed feelings on DSK in home of 'caviar left' Strauss-Kahn released from house arrest Minnesota government shutdown begins after talks fail Shriver files for divorce from Schwarzenegger: documents Apple/RIM group top Google in $4.5 billion Nortel sale Big Lehman creditor group backs bankruptcy plan Prosecutors detail flaws in Strauss-Kahn accuser's account Investors revel as housing looks for bottom Geithner mulls departing Treasury post: sources Venezuela gov't, army insist Chavez still in charge Nine killed as Syrian protesters tell Assad to go Syria running out of time to reform, Clinton says GM announces two recalls affecting 10,000 trucks Protestors doubt Bahrain dialogue will end crisis Better laws needed to counter cyber attacks: U.S. Fed's Bullard: QE effective proxy for rate cuts Pope says "selfish" food speculation causing hunger Lockheed's aeronautics unit to cut 1,500 jobs Greek lawmakers back reforms, clear way for more aid Midwest factories roar, but labor market weak Treasury says Congress has month to reach debt deal U.S. caught China buying more debt than disclosed U.S. ends most CIA abuse cases, to probe two deaths U.S. rejects demands to vacate Pakistan drone base Thirty months in prison for lawyer in Galleon case Fed's Bullard: QE effective proxy for rate cuts Geithner mulls departing Treasury post: sources Democrats weigh short-term debt limit increase Ex-Taylor, Bean chairman gets 30 years in prison Investors stay cautious as H2 starts: Reuters poll Analysis: Geithner may want to go; will Obama let him? Fri,1 Jul 2011 02:58 PM PDT Reuters - WASHINGTON (Reuters) - Timothy Geithner may be musing about stepping down as Treasury secretary but President Barack Obama has ample reason to try to talk him out of it, not least that doing so would avoid a bruising succession battle. Full Story1 Top KKR, Silver Lake to buy Go Daddy for $2.25 billion: sources Fri,1 Jul 2011 07:51 PM PDT Reuters - NEW YORK (Reuters) - Web hosting company The Go Daddy Group Inc agreed to be bought by a private equity consortium led by KKR and Silver Lake for $2.25 billion, including debt, people close to the situation said on Friday. Full Story1 Top Minnesota government shutdown begins after talks fail Fri,1 Jul 2011 05:35 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's state government began a broad shutdown on Friday going into the July 4 holiday weekend after the Democratic governor and Republican legislative leaders failed to agree on a budget. Full Story1 Top Manufacturing rises but consumers remain wary Fri,1 Jul 2011 11:10 AM PDT Reuters - NEW YORK (Reuters) - The pace of growth in U.S. manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary. Full Story1 Top Shriver files for divorce from Schwarzenegger Fri,1 Jul 2011 06:00 PM PDT Reuters - LOS ANGELES (Reuters) - Former California first lady Maria Shriver filed for divorce on Friday from her estranged husband, Arnold Schwarzenegger, the ex-governor and film star who has admitted fathering a child out of wedlock more than a decade ago. Full Story1 Top Rockets push back rebels south of Libyan capital Fri,1 Jul 2011 04:37 PM PDT Reuters - BIR-AYYAD, Libya (Reuters) - Libyan rebels who had advanced to within 80 km (50 miles) of Muammar Gaddafi's stronghold in the capital were forced to retreat on Friday after coming under a barrage of rocket fire from government forces. Full Story1 Top Zynga files for IPO, surfs Facebook wave Fri,1 Jul 2011 02:04 PM PDT Reuters - NEW YORK (Reuters) - Zynga Inc, developer of popular Facebook games such as FarmVille and Mafia Wars, could be the best proxy for investing in Facebook until the world's largest social network goes public itself. Full Story1 Top June auto sales weak for 2nd month in row Fri,1 Jul 2011 02:14 PM PDT Reuters - DETROIT (Reuters) - The auto industry sputtered to its second consecutive month of weaker-than-expected U.S. sales in June, marked by disappointing results from General Motors Co, Ford Motor Co and the big Japanese automakers, as the weak economy and tight supply of cars left buyers wary. Full Story1 Top Facebook set for $1 billion in social-gaming revenue Fri,1 Jul 2011 01:35 PM PDT Reuters - SAN FRANCISCO (Reuters) - Facebook Inc is on course to generate $1 billion in revenue this year from social gaming, according to Kevin Ryan, a leading Internet entrepreneur and former chief executive of online advertising giant DoubleClick. Full Story1 Top Strauss-Kahn released from house arrest Fri,1 Jul 2011 09:01 PM PDT Reuters - NEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn was released from house arrest on Friday after prosecutors said the hotel maid who accused him of attempted rape lied to a grand jury and made other false statements. Full Story1 Top Mixed feelings on DSK in home of 'caviar left' Fri,1 Jul 2011 10:52 AM PDT Reuters - SAINT-REMY-DE-PROVENCE, France (Reuters) - In the heart of France's "caviar left," there were mixed feelings on Friday about news that U.S. sexual assault charges against former Socialist presidential frontrunner Dominique Strauss-Kahn may collapse. Full Story1 Top Strauss-Kahn released from house arrest Fri,1 Jul 2011 03:55 PM PDT Reuters - NEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn was released from house arrest on Friday after prosecutors said the hotel maid who accuses him of attempted rape lied to a grand jury and made other false statements. Full Story1 Top Minnesota government shutdown begins after talks fail Fri,1 Jul 2011 04:56 PM PDT Reuters - MINNEAPOLIS (Reuters) - Minnesota's state government began a broad shutdown on Friday going into the July 4 holiday weekend after the Democratic governor and Republican legislative leaders failed to agree on a budget. Full Story1 Top Shriver files for divorce from Schwarzenegger: documents Fri,1 Jul 2011 04:25 PM PDT Reuters - LOS ANGELES (Reuters) - Former California first lady and TV journalist Maria Shriver filed for divorce on Friday from her estranged husband, Arnold Schwarzenegger, the ex-governor and film star who has admitted fathering a child out of wedlock more than a decade ago. Full Story1 Top Apple/RIM group top Google in $4.5 billion Nortel sale Fri,1 Jul 2011 03:23 PM PDT Reuters - TORONTO/NEW YORK (Reuters) - Apple, Microsoft, RIM and three other companies joined forces to outbid Google at an auction for Nortel wireless patents, a move that could result in big licensing fees for Google. Full Story1 Top Big Lehman creditor group backs bankruptcy plan Fri,1 Jul 2011 12:06 PM PDT Reuters - NEW YORK/BANGALORE (Reuters) - Lehman Brothers Holdings Inc said creditors holding more than $100 billion of claims now support its reorganization plan, moving the company closer to emerging from the largest-ever U.S. bankruptcy. Full Story1 Top Prosecutors detail flaws in Strauss-Kahn accuser's account Fri,1 Jul 2011 09:55 AM PDT Reuters - NEW YORK (Reuters) - The woman who accused former IMF chief Dominique Strauss-Kahn of sexual assault admitted she lied to a grand jury about what happened after the purported attack, prosecutors told Strauss-Kahn's lawyers in a letter. Full Story1 Top Investors revel as housing looks for bottom Fri,1 Jul 2011 09:38 AM PDT Reuters - NEW YORK (Reuters) - Tony Alvarez recalls his doubts as he contemplated the wrecked, two-bedroom foreclosed house up for sale 30 years ago with his real estate agent's reassuring hand on his shoulder. Full Story1 Top Geithner mulls departing Treasury post: sources Thu,30 Jun 2011 06:11 PM PDT Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the U.S. debt ceiling are completed, people familiar with his thinking said on Thursday. Full Story1 Top Venezuela gov't, army insist Chavez still in charge Fri,1 Jul 2011 03:34 PM PDT Reuters - CARACAS (Reuters) - Military and civilian allies of Venezuela's convalescent President Hugo Chavez insisted on Friday he was still running the OPEC oil-producing nation despite his prolonged absence in Cuba for the removal of a cancerous tumor. Full Story1 Top Nine killed as Syrian protesters tell Assad to go Fri,1 Jul 2011 10:06 AM PDT Reuters - AMMAN (Reuters) - Syrian forces shot dead nine protesters on Friday as tens of thousands of people called on President Bashar to step down in some of the biggest demonstrations since Syria's uprising began in March. Full Story1 Top Syria running out of time to reform, Clinton says Fri,1 Jul 2011 05:24 AM PDT Reuters - VILNIUS (Reuters) - Syria is running out of time to reform and will face more organized resistance if it does not, Secretary of State Hillary Clinton said on Friday. Full Story1 Top GM announces two recalls affecting 10,000 trucks Fri,1 Jul 2011 06:23 AM PDT Reuters - DETROIT (Reuters) - General Motors Co announced two separate recalls on Friday affecting a little more than 10,000 pickup trucks, predominantly in North America. Full Story1 Top Protestors doubt Bahrain dialogue will end crisis Fri,1 Jul 2011 06:59 AM PDT Reuters - MANAMA/DUBAI (Reuters) - Bahrain launches a national dialogue on Saturday but majority Shi'ites are skeptical the ruling Sunni monarchy is willing to offer the sort of concessions that could heal wounds caused by a crackdown on pro-democracy protests. Full Story1 Top Better laws needed to counter cyber attacks: U.S. Fri,1 Jul 2011 08:57 AM PDT Reuters - VIENNA (Reuters) - Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said on Friday, demanding a cross-border campaign to combat the security threat. Full Story1 Top Fed's Bullard: QE effective proxy for rate cuts Thu,30 Jun 2011 06:04 PM PDT Reuters - ST. LOUIS (Reuters) - A top Federal Reserve official said on Thursday large-scale bond buying can be an effective monetary policy substitute when the central bank runs out of room to cut interest rates. Full Story1 Top Pope says "selfish" food speculation causing hunger Fri,1 Jul 2011 04:56 AM PDT Reuters - ROME (Reuters) - Pope Benedict said on Friday financial trading based on "selfish attitudes" is spreading poverty and hunger and called for more regulation of food commodity markets to guarantee everyone's right to life. Full Story1 Top Lockheed's aeronautics unit to cut 1,500 jobs Thu,30 Jun 2011 03:36 PM PDT Reuters - ATLANTA (Reuters) - The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending. Full Story1 Top Greek lawmakers back reforms, clear way for more aid Thu,30 Jun 2011 02:07 PM PDT Reuters - ATHENS/BERLIN (Reuters) - The Greek parliament approved detailed austerity and privatization bills on Thursday in a crucial vote to secure emergency funds and avert imminent bankruptcy, but longer-term dangers still lurk. Full Story1 Top Midwest factories roar, but labor market weak Thu,30 Jun 2011 01:44 PM PDT Reuters - WASHINGTON (Reuters) - Factory activity in the U.S. Midwest accelerated in June, fostering hopes for a pick-up in economic growth in the third quarter, despite signs of lingering weakness in the labor market. Full Story1 Top Treasury says Congress has month to reach debt deal Fri,1 Jul 2011 01:53 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. Treasury on Friday stuck with an August 2 deadline for Congress to approve new borrowing and avoid a default, applying more pressure on lawmakers to break partisan gridlock and reach a budget deal. Full Story1 Top U.S. caught China buying more debt than disclosed Thu,30 Jun 2011 05:44 AM PDT Reuters - NEW YORK (Reuters) - The rules of Treasury auctions may not sound like the stuff of high-stakes diplomacy. But a little-noticed 2009 change in how Washington sells its debt sheds new light on America's delicate balancing act with its biggest creditor, China. Full Story1 Top U.S. ends most CIA abuse cases, to probe two deaths Thu,30 Jun 2011 03:00 PM PDT Reuters - WASHINGTON (Reuters) - A prosecutor will conduct a full criminal investigation into the CIA's handling of two prisoners who died in U.S. custody, but about 100 other cases of alleged mistreatment by the CIA were closed, Attorney General Eric Holder said on Thursday. Full Story1 Top U.S. rejects demands to vacate Pakistan drone base Thu,30 Jun 2011 12:59 PM PDT Reuters - WASHINGTON/ISLAMABAD (Reuters) - The United States is rejecting demands from Pakistani officials that American personnel abandon a military base used by the CIA to stage drone strikes against suspected militants, U.S. officials told Reuters. Full Story1 Top Thirty months in prison for lawyer in Galleon case Thu,30 Jun 2011 02:00 PM PDT Reuters - NEW YORK (Reuters) - Arthur Cutillo, a former lawyer with the well-known Ropes & Gray law firm who admitted leaking corporate secrets in exchange for $32,500 in cash, was sentenced on Thursday to 2-1/2 years in prison for his part in a sweeping insider trading case. Full Story1 Top Fed's Bullard: QE effective proxy for rate cuts Thu,30 Jun 2011 04:21 PM PDT Reuters - ST. LOUIS (Reuters) - Large-scale bond buying can be an effective monetary policy substitute when the Federal Reserve runs out of room to cut interest rates, a top official of the U.S. central bank said on Thursday. Full Story1 Top Geithner mulls departing Treasury post: sources Thu,30 Jun 2011 04:00 PM PDT Reuters - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make any decision until after debt limit negotiations conclude, people familiar with his thinking said on Thursday. Full Story1 Top Democrats weigh short-term debt limit increase Thu,30 Jun 2011 02:03 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama and Senate Democrats are weighing a scaled-back U.S. budget deal that would avert a looming default but force Congress to tackle the politically toxic issue again before the 2012 elections, a Senate Democratic aide told Reuters on Thursday. Full Story1 Top Ex-Taylor, Bean chairman gets 30 years in prison Thu,30 Jun 2011 10:51 AM PDT Reuters - ALEXANDRIA, Virginia (Reuters) - Taylor, Bean & Whitaker Mortgage Corp's former chairman, convicted of masterminding a $2.9 billion fraud scheme before the company collapsed, was sentenced on Thursday to 30 years in prison. Full Story1 Top Investors stay cautious as H2 starts: Reuters poll Thu,30 Jun 2011 11:39 AM PDT Reuters - LONDON (Reuters)- Investors have become a little more upbeat heading into the second half of the year, lifting stock allocations from 2011 lows but remaining cautious with plenty of safe-haven cash and bonds. Full Story1 Top

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