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Thursday, September 1, 2011 12:04 AM PDT

Today's Reuters News Headlines - Yahoo! News: U.S. moves to block AT&T's purchase of T-Mobile Waters recede but storm victims suffer in East Obama to address Congress on September 8 Katia strenthens into hurricane over Atlantic Cheney book renews post-9/11 U.S. policy fights Analysis: Lagarde shows independence from Europe as IMF chief General Petraeus hangs up uniform, warns on budget WikiLeaks denies charges it put lives in danger Oil firms start U.S. Gulf evacuations due to weather Gaddafi sons broadcast confusion as battle looms August sales likely rose despite hurricane Insight: Arctic has great riches, but greater challenges Merkel backs euro fund boost, faces revolt risk Recession fears ease on factory, hiring data WikiLeaks denies charges it put lives in danger Obama to address Congress on jobs, date in conflict Oil firms start U.S. Gulf evacuations due to weather Katia almost a hurricane; storm fears in Gulf U.S. moves to block AT&T, T-Mobile deal New blow for BP in Russia as office raided Gaddafi sons broadcast confusion as battle looms Court battle looms between U.S. and AT&T, T-Mobile Pentagon criticized for lax contractor oversight Former Galleon trader handed 5-1/2-year sentence President Obama offers disaster aid to New Jersey Salesman "knew full well" he passed inside tips: Attorney U.S. nuclear regulator eyes to-do list after Fukushima Some U.S. firms paid more to CEOs than taxes: study Investors slash equities in August melt: Reuters poll White House could unveil mortgage plan next week AT&T vows to bring back 5,000 U.S. jobs if merger approved WikiLeaks says website was target of cyber attack Motorola deal offers Google tax, patent benefits Airlifts, water rescues in wake of Hurricane Irene U.S. probes Oracle on African deals: report BofA looks to exit correspondent mortgage business: report Bloomberg LP must defend Swatch analyst call case Exxon, Rosneft tie up in Russian Arctic, U.S Consumer confidence crumbles to 2-year low Exclusive: Bank of America kept AIG legal threat under wraps U.S. moves to block AT&T's purchase of T-Mobile Wed,31 Aug 2011 05:15 PM PDT Reuters - WASHINGTON/NEW YORK (Reuters) - The U.S. government on Wednesday sued to block AT&T Inc's $39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices. Full Story Top Waters recede but storm victims suffer in East Wed,31 Aug 2011 02:38 PM PDT Reuters - PATERSON, N.J./BRATTLEBORO, Vermont (Reuters) - Floodwaters finally started to recede from areas of the U.S. northeast devastated by Hurricane Irene but many communities were still under water on Wednesday as relief workers battled cut-off roads and raging rivers to deliver emergency supplies. Full Story Top Obama to address Congress on September 8 Wed,31 Aug 2011 08:19 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama on Wednesday agreed to unveil new jobs proposals in an address to Congress on September 8, bowing to pressure from Republicans, who objected to the original date set for his high-profile speech. Full Story Top Katia strenthens into hurricane over Atlantic Wed,31 Aug 2011 11:09 PM PDT Reuters - MIAMI (Reuters) - Tropical Storm Katia strengthened into a hurricane over the Atlantic on Wednesday, while another mass of thunderstorms that could become a named storm this week triggered evacuations of some oil workers from the Gulf of Mexico. Full Story Top Cheney book renews post-9/11 U.S. policy fights Wed,31 Aug 2011 10:10 PM PDT Reuters - WASHINGTON (Reuters) - Former Vice President Dick Cheney's new memoir revives the fierce battles over U.S. national security policies after the September 11 attacks as it rips open old wounds among aides to President George W. Bush. Full Story Top Analysis: Lagarde shows independence from Europe as IMF chief Wed,31 Aug 2011 09:33 PM PDT Reuters - WASHINGTON (Reuters) - New IMF chief Christine Lagarde's call to recapitalize European banks by force struck a nerve among the continent's Europe's policymakers and showed she is not afraid to challenge her former peers as many feared she might be. Full Story Top General Petraeus hangs up uniform, warns on budget Wed,31 Aug 2011 11:49 AM PDT Reuters - WASHINGTON (Reuters) - General David Petraeus warned against sacrificing U.S. military capabilities to ease America's budget woes, as he retired from the Army on Wednesday ahead of becoming CIA director. Full Story Top WikiLeaks denies charges it put lives in danger Wed,31 Aug 2011 07:10 PM PDT Reuters - WASHINGTON (Reuters) - WikiLeaks is defending itself against accusations that it may have put lives at risk by dumping uncensored U.S. diplomatic cables on the Internet. Full Story Top Oil firms start U.S. Gulf evacuations due to weather Wed,31 Aug 2011 05:57 PM PDT Reuters - HOUSTON (Reuters) - BP Plc on Wednesday became the first major oil producer to say it was evacuating some workers from Gulf of Mexico oil and gas platforms because of a tropical disturbance that could become a named storm this week. Full Story Top Gaddafi sons broadcast confusion as battle looms Wed,31 Aug 2011 11:12 PM PDT Reuters - TRIPOLI/TAWARGA, Libya (Reuters) - Muammar Gaddafi's sons clashed on the airwaves Wednesday, with one offering peace and another promising a 'war of attrition' as a final battle for control of Libya's coast loomed. Full Story Top August sales likely rose despite hurricane Wed,31 Aug 2011 09:30 PM PDT Reuters - NEW YORK (Reuters) - U.S. retailers should report higher monthly sales in August, even though consumer confidence sagged and Hurricane Irene disrupted shopping along the East Coast during a key back-to-school weekend. Full Story Top Insight: Arctic has great riches, but greater challenges Wed,31 Aug 2011 10:35 AM PDT Reuters - IQALUIT, Nunavut/BAKER LAKE, Nunavut (Reuters) - At the rim of the Arctic Circle in Canada, gold mining firm Agnico-Eagle is learning how tough it is to operate in a remote region with temptingly large, but frustratingly inaccessible, reserves of oil, gas and minerals. Full Story Top Merkel backs euro fund boost, faces revolt risk Wed,31 Aug 2011 11:14 AM PDT Reuters - BERLIN (Reuters) - German Chancellor Angela Merkel's cabinet approved new powers for the euro zone's bailout fund on Wednesday, but she faces an uphill battle to convince party skeptics to back efforts to contain the crisis. Full Story Top Recession fears ease on factory, hiring data Wed,31 Aug 2011 02:01 PM PDT Reuters - WASHINGTON (Reuters) - Factory activity in the U.S. Midwest slowed just a bit in August and private employers continued to hire despite extreme financial market turmoil, easing fears the economy would fall back into recession. Full Story Top WikiLeaks denies charges it put lives in danger Wed,31 Aug 2011 03:55 PM PDT Reuters - WASHINGTON (Reuters) - WikiLeaks is defending itself against accusations that it may have put lives at risk by dumping uncensored U.S. diplomatic cables on the Internet. Full Story Top Obama to address Congress on jobs, date in conflict Wed,31 Aug 2011 03:33 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama on Wednesday picked September 7 to unveil new jobs proposals in a speech to Congress, but the top Republican lawmaker objected to the date, adding more political theater to a back-and-forth over the economy. Full Story Top Oil firms start U.S. Gulf evacuations due to weather Wed,31 Aug 2011 04:10 PM PDT Reuters - HOUSTON (Reuters) - BP Plc on Wednesday became the first major oil producer to say it was evacuating some workers from Gulf of Mexico oil and gas platforms because of a tropical disturbance that could become a named storm this week. Full Story Top Katia almost a hurricane; storm fears in Gulf Wed,31 Aug 2011 04:24 PM PDT Reuters - MIAMI (Reuters) - Tropical Storm Katia was expected to strengthen into a hurricane over the Atlantic on Wednesday, while another mass of thunderstorms that could become a named storm this week triggered evacuations of some oil workers from the Gulf of Mexico. Full Story Top U.S. moves to block AT&T, T-Mobile deal Wed,31 Aug 2011 01:40 PM PDT Reuters - WASHINGTON/NEW YORK (Reuters) - The Obama administration sued to block AT&T Inc's $39 billion acquisition of wireless rival T-Mobile on concerns it would harm competition, launching its biggest challenge yet to a takeover and dealing the carrier a potentially costly blow. Full Story Top New blow for BP in Russia as office raided Wed,31 Aug 2011 08:13 AM PDT Reuters - MOSCOW (Reuters) - Black-clad special forces raided BP's Moscow offices on Wednesday, deepening the British company's problems in Russia after its attempts to salvage an oil exploration agreement in the Russian Arctic collapsed. Full Story Top Gaddafi sons broadcast confusion as battle looms Wed,31 Aug 2011 04:47 PM PDT Reuters - TRIPOLI/TAWARGA, Libya (Reuters) - Muammar Gaddafi's sons clashed on the airwaves Wednesday, with one offering peace and another promising a 'war of attrition' as a final battle for control of Libya's coast loomed. Full Story Top Court battle looms between U.S. and AT&T, T-Mobile Wed,31 Aug 2011 04:04 PM PDT Reuters - NEW YORK/WASHINGTON (Reuters) - The Justice Department made a bold move when it sued to block AT&T Inc's $39 billion acquisition of T-Mobile. Now comes the hard part: going to court. Full Story Top Pentagon criticized for lax contractor oversight Wed,31 Aug 2011 02:03 PM PDT Reuters - WASHINGTON (Reuters) - Ineffective Pentagon oversight of private contractors in Iraq and Afghanistan has wasted up to $60 billion over the past decade, a "troubling" failure that undermines U.S. security and cannot continue in an era of tight budgets, a special panel reported on Wednesday. Full Story Top Former Galleon trader handed 5-1/2-year sentence Wed,31 Aug 2011 03:58 PM PDT Reuters - NEW YORK (Reuters) - A former trader at the Galleon Group hedge fund was sentenced on Wednesday to five-and-a-half years in prison, a term the judge said should serve as a warning to Wall Street that insider trading was a serious crime. Full Story Top President Obama offers disaster aid to New Jersey Wed,31 Aug 2011 04:17 PM PDT Reuters - LITTLE FALLS, New Jersey (Reuters) - New Jersey residents struggled with flooded homes, blocked roads and power outages on Wednesday as rivers and creeks overflowed in the aftermath of Hurricane Irene. Full Story Top Salesman "knew full well" he passed inside tips: Attorney Wed,31 Aug 2011 01:41 PM PDT Reuters - NEW YORK (Reuters) - A former Silicon Valley sales manager put company insiders together with hedge fund clients, knowing that corporate secrets would pass between them, federal prosecutors said at the start of his insider-trading trial. Full Story Top U.S. nuclear regulator eyes to-do list after Fukushima Wed,31 Aug 2011 12:35 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. nuclear regulator is refining a plan to change its rules for power plants following Japan's Fukushima disaster, selecting half a dozen high-priority items to tackle first, senior staff said. Full Story Top Some U.S. firms paid more to CEOs than taxes: study Wed,31 Aug 2011 09:12 AM PDT Reuters - WASHINGTON (Reuters) - Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study by a Washington think tank said on Wednesday. Full Story Top Investors slash equities in August melt: Reuters poll Wed,31 Aug 2011 06:31 AM PDT Reuters - LONDON (Reuters) - Global investors slashed their holdings of equities below 50 percent this month and piled into cash, reflecting what was lining up to be the worst August for world stocks since 1998. Full Story Top White House could unveil mortgage plan next week Wed,31 Aug 2011 06:42 AM PDT Reuters - WASHINGTON (Reuters) - The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages. Full Story Top AT&T vows to bring back 5,000 U.S. jobs if merger approved Wed,31 Aug 2011 06:01 AM PDT Reuters - LOS ANGELES (Reuters) - Telecommunications giant AT&T Inc, whose proposed buy of T-Mobile USA is under scrutiny by U.S. regulators, promised to bring 5,000 wireless call-center jobs back to the United States if the deal wins approval. Full Story Top WikiLeaks says website was target of cyber attack Wed,31 Aug 2011 01:24 AM PDT Reuters - WASHINGTON (Reuters) - WikiLeaks said its website had been the target of a cyber attack late on Tuesday as it proceeded with the release of thousands of previously unpublished U.S. diplomatic cables, some still classified. Full Story Top Motorola deal offers Google tax, patent benefits Wed,31 Aug 2011 08:19 AM PDT Reuters - FAIRFIELD, Conn./CHAPEL HILL, North Carolina (Reuters) -- Google Inc's blockbuster acquisition of Motorola Mobility Holdings Inc will bring an unusual stable of tax and accounting benefits to the search-engine giant, already one of Corporate America's most savvy users of such perks. Full Story Top Airlifts, water rescues in wake of Hurricane Irene Tue,30 Aug 2011 04:17 PM PDT Reuters - PATERSON, New Jersey (Reuters) - Emergency workers plucked dozens of residents from doorways and windows as Hurricane Irene's floodwaters rose on Tuesday, swallowing homes, submerging cars and turning the streets of this working class town into lakes. Full Story Top U.S. probes Oracle on African deals: report Wed,31 Aug 2011 03:01 AM PDT Reuters - (Reuters) - U.S. authorities are investigating whether business software maker Oracle Corp's deals in Africa violated federal anti-bribery laws, the Wall Street Journal reported, citing sources familiar with the matter. Full Story Top BofA looks to exit correspondent mortgage business: report Tue,30 Aug 2011 10:45 PM PDT Reuters - (Reuters) - Bank of America Corp is looking to sell its correspondent mortgage business and the unit's employees could be notified as soon as Wednesday, the Wall Street Journal said, citing people familiar with the matter. Full Story Top Bloomberg LP must defend Swatch analyst call case Tue,30 Aug 2011 09:40 PM PDT Reuters - NEW YORK (Reuters) - Bloomberg LP lost a bid to dismiss a lawsuit by Swatch Group AG that accused the news service of secretly recording an earnings conference call with securities analysts and giving a transcript to clients. Full Story Top Exxon, Rosneft tie up in Russian Arctic, U.S Wed,31 Aug 2011 02:26 AM PDT Reuters - SOCHI, Russia/SAN FRANCISCO (Reuters) - Exxon Mobil Corp and Rosneft signed an agreement to extract oil and gas from the Russian Arctic, in the most significant U.S.-Russian corporate deal since U.S. President Barack Obama began a push to improve ties. Full Story Top Consumer confidence crumbles to 2-year low Tue,30 Aug 2011 01:35 PM PDT Reuters - NEW YORK (Reuters) - Consumer confidence plunged in August to its lowest since the 2007-2009 recession, after a bruising battle over the budget slammed stock prices and pushed the nation to the brink of default. Full Story Top Exclusive: Bank of America kept AIG legal threat under wraps Tue,30 Aug 2011 07:02 PM PDT Reuters - NEW YORK (Reuters) - Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Full Story Top

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