Daily News Digest: Yahoo! News - Latest News & Headlines

Yahoo! Alerts

Yahoo! News | My Alerts | Edit Alert

Friday, July 1, 2011 12:04 AM PDT

Today's Yahoo! News - Latest News & Headlines: AP sources: Accuser issues shake Strauss-Kahn case Recess canceled; Senate to work next week on debt NBA lockout begins as sides fail to reach deal Minn. government shuts down as budget talks fail Chavez reveals he is fighting cancer after surgery Obama urges supporters to regain 2008 energy Geithner says he'll stay for 'foreseeable future' Anthony doesn't take the stand as defense rests Glenn Beck has last Fox News Channel show AP source: Strauss-Kahn accuser lied about details Strauss-Kahn sex assault case near collapse: sources Geithner mulls departing Treasury post: sources U.S. ends most CIA abuse cases, to probe two deaths Fed's Bullard: QE effective proxy for rate cuts Greek lawmakers back reforms, clear way for more aid U.S. caught China buying more debt than disclosed Lockheed's aeronautics unit to cut 1,500 jobs Midwest factories roar, but labor market weak Democrats weigh short-term debt limit increase Venezuela's Chavez says he was treated for cancer 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 AP sources: Accuser issues shake Strauss-Kahn case Thu,30 Jun 2011 11:49 PM PDT AP - Prosecutors have serious questions about the credibility of a hotel housekeeper who has accused former International Monetary Fund leader Dominique Strauss-Kahn of raping her, and they are taking the extraordinary step of seeking a substantial reduction in his pricey bail, a person familiar with the case said Thursday. Full Story1 Top Recess canceled; Senate to work next week on debt Thu,30 Jun 2011 07:33 PM PDT AP - The Senate canceled its planned July Fourth recess on Thursday, but partisan divisions remained razor sharp as the clock ticked on efforts to strike a deal to avoid a government default and trim huge federal deficits. Full Story1 Top NBA lockout begins as sides fail to reach deal Thu,30 Jun 2011 10:04 PM PDT AP - The NBA locked out its players Friday when its collective bargaining agreement expired, becoming the second pro sports league shut down by labor strife. Full Story1 Top Minn. government shuts down as budget talks fail Thu,30 Jun 2011 10:04 PM PDT AP - Minnesota state government has shut down for the second time in six years after political leaders couldn't agree on how to solve a $5 billion budget deficit. Full Story1 Top Chavez reveals he is fighting cancer after surgery Thu,30 Jun 2011 11:23 PM PDT AP - Venezuelan President Hugo Chavez revealed that he is fighting cancer after having a tumor removed in Cuba, raising uncertainty about his political future even as he assured his country he expects to fully recover. Full Story1 Top Obama urges supporters to regain 2008 energy Thu,30 Jun 2011 10:09 PM PDT AP - Even as President Barack Obama's re-election effort is powering toward an impressive early fundraising haul, campaign officials are trying to reassure donors who have concerns about a range of policy decisions and pace of change during Obama's first term. Full Story1 Top Geithner says he'll stay for 'foreseeable future' Thu,30 Jun 2011 04:35 PM PDT AP - Treasury Secretary Timothy Geithner said Thursday he'll stay in his job for the "foreseeable future," addressing speculation he might leave the Obama administration following the current round of budget negotiations. Full Story1 Top Anthony doesn't take the stand as defense rests Thu,30 Jun 2011 04:36 PM PDT AP - Casey Anthony's defense team rested its case Thursday in her high-profile murder trial without her testimony and some experts believe the strategy raised more questions than answers to support her claim that her 2-year daughter died in a tragic accident. Full Story1 Top Glenn Beck has last Fox News Channel show Thu,30 Jun 2011 04:31 PM PDT AP - Glenn Beck, who burned bright and burned fast at Fox News Channel, does his final show on the network Thursday before going into business for himself. Full Story1 Top AP source: Strauss-Kahn accuser lied about details Thu,30 Jun 2011 11:42 PM PDT AP - A law enforcement official tells The Associated Press the accuser in the New York City sex assault case against a former International Monetary Fund leader has lied about what happened in the hours surrounding the alleged attack. Full Story1 Top Strauss-Kahn sex assault case near collapse: sources Thu,30 Jun 2011 11:07 PM PDT Reuters - NEW YORK (Reuters) - The sexual assault case against former International Monetary Fund chief Dominique Strauss-Kahn is near collapse, sources said on Thursday, raising the prospect of his dramatic return to France's presidential election race. 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 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 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 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 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 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 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 Democrats weigh short-term debt limit increase Thu,30 Jun 2011 05:03 PM PDT Reuters - WASHINGTON (Reuters) - U.S. Senate Democrats have discussed with President Barack Obama a scaled-back 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 Venezuela's Chavez says he was treated for cancer Thu,30 Jun 2011 11:25 PM PDT Reuters - CARACAS (Reuters) - Venezuela's flamboyant socialist leader Hugo Chavez said on Thursday he had surgery to remove a cancerous tumor, presenting a serious challenge to his near-total dominance of the South American OPEC nation since 1999. 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

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.