 BRUSSELS (Reuters) - Euro zone leaders agreed on a second rescue package for debt-stricken Greece that risks triggering a temporary default and will give their financial rescue fund broader powers to try to prevent market instability spreading through the region. |
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 WASHINGTON (Reuters) - Efforts to avoid an unprecedented U.S. default enter crunch time on Friday, with President Barack Obama and top lawmakers engaged in a sometimes chaotic drive to strike a sweeping deficit-reduction deal. |
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 SEATTLE (Reuters) - Sales of Microsoft Corp's flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate. |
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 NEW YORK (Reuters) - Express Scripts Inc will buy rival Medco Health Solutions Inc for $29.1 billion, creating a U.S. powerhouse in managing prescription drug benefits that is sure to draw antitrust scrutiny. |
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 NEW YORK (Reuters) - Sweating crowds on the East Coast and in the Midwest flocked to waterfronts and urban cooling centers on Thursday to escape a massive heat wave that has killed at least 22 people this week. |
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China, U.S. play down tensions at Asian security summit
Thu,21 Jul 2011 11:30 PM PDT
Reuters - NUSA DUA, Indonesia, July 22 - The United States and China moved to repair strained ties on Friday, saying tensions over the South China Sea were easing with new conduct guidelines between Beijing and Southeast Asian nations. Full Story |
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 LONDON (Reuters) - James Murdoch gave "mistaken" testimony to a British parliamentary committee, two senior ex-News of the World executives said on Thursday, the most direct accusation made so far against News Corp's heir apparent in a phone-hacking scandal. |
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 NEW YORK (Reuters) - National Football League (NFL) team owners voted on Thursday to approve a proposed agreement with players and end the lockout that has left America's most popular sport in limbo. |
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Muddy Waters files suit alleging fake report, blackmail
Thu,21 Jul 2011 10:09 PM PDT
Reuters - BANGALORE (Reuters) - Muddy Waters LLC has filed a lawsuit in a U.S. court, alleging a fake press release defamed it and saying an imposter claiming to work for the research firm had tried to blackmail a company for $2 million to withhold a damning report. Full Story |
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 WASHINGTON (Reuters) - Factory activity in the Mid-Atlantic region rebounded in July, but stubbornly high new filings for jobless benefits suggested an expected pick-up in economic growth in the second half of 2011 would be modest. |
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 NEW YORK (Reuters) - Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August. |
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 NEW YORK (Reuters) - Morgan Stanley wowed Wall Street on Thursday with trading results that far surpassed expectations, just days after archrival Goldman Sachs disappointed investors on the same score. |
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NEW YORK (Reuters) - National Football League (NFL) owners voted on Thursday to approve a new collective bargaining agreement with players, paving the way for an end to a lockout that has left America's most popular sport in limbo. |
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 BRUSSELS (Reuters) - Euro zone leaders have agreed on a bold rescue package for debt-stricken Greece and will give their financial rescue fund sweeping new powers to prevent market instability spreading through the region. |
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SEATTLE (Reuters) - Microsoft Corp eased past Wall Street's earnings estimates, helped by strong sales of its Office software and Xbox game console and an unusually low tax rate. |
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WASHINGTON (Reuters) - Efforts to craft a $3 trillion deficit-reduction deal gained traction on Thursday as the White House and congressional leaders scrambled to sort through competing options and stave off a devastating default. |
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S&P, Republicans to meet to talk about debt woes: source
Thu,21 Jul 2011 10:32 AM PDT
Reuters - WASHINGTON (Reuters) - Standard & Poor's will meet with first-term Republican lawmakers on Thursday to discuss what could cause the rating agency to downgrade the country's top credit rating, a source familiar with the meeting said. Full Story |
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 LONDON/NEW YORK (Reuters) - Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown. |
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 CAPE CANAVERAL, Florida (Reuters) - The space shuttle Atlantis returned from NASA's final shuttle mission on Thursday, ending a 30-year era that opened the space frontier, exposed its dangers and established a toehold for future endeavors beyond Earth. |
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 CHICAGO (Reuters) - If the U.S. economy does not show signs of sustainable improvement this quarter, the Federal Reserve should dig into its toolbox to find new ways to help it along, a top Fed official said on Thursday. |
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White House sees momentum on debt deal, but "not close"
Thu,21 Jul 2011 10:37 AM PDT
Reuters - WASHINGTON (Reuters) - The White House said on Thursday it saw momentum for a "balanced" deficit deal, but it denied reports that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a pact. Full Story |
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 PHILADELPHIA (Reuters) - The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government's $14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday. |
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 NEW YORK (Reuters) - State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents. |
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 SAN FRANCISCO (Reuters) - Intel Corp trimmed its forecast for 2011 personal computer unit sales, warning of softness in mature markets and sending its shares down more than 1 percent even as its revenue outlook beat estimates. |
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 WASHINGTON (Reuters) - A poll released on Wednesday carried warning signs for President Barack Obama's re-election chances in 2012. |
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China factory sector shrinks, IMF finds world worried
Thu,21 Jul 2011 01:26 AM PDT
Reuters - BEIJING (Reuters) - China's factory sector shrank for the first time in a year in July, a survey showed on Thursday, feeding worries among the country's main trading partners that its growth is unsustainable and could lead to a slump. Full Story |
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Rules for financial giants on track: Bernanke
Wed,20 Jul 2011 03:45 PM PDT
Reuters - WASHINGTON (Reuters) - Regulators will soon lay out rules governing financial firms so large their collapse could rattle global markets, Federal Reserve Chairman Ben Bernanke said. Full Story |
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 NEW YORK (Reuters) - Danielle Chiesi, a former hedge fund trader and key defendant in the sprawling Galleon Group insider trading case, was sentenced on Wednesday to 2-1/2 years in prison, and the presiding judge gave a stern warning to others on Wall Street considering breaking the law. |
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 WASHINGTON (Reuters) - The United States has made headway in building up Afghanistan's counternarcotics forces, but the war-torn country needs more international help to hold onto those fragile gains, U.S. officials said on Wednesday. |
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 SAN FRANCISCO (Reuters) - Apple Inc shares flirted with a record $400 on Wednesday, a day after the world's most valuable technology company posted blockbuster results and triggered a spate of brokerage upgrades. |
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 WASHINGTON (Reuters) - The White House signaled on Wednesday it could support a short-term increase in the U.S. borrowing limit for "a few days" if lawmakers agreed to a broad deficit reduction deal but needed more time to pass it. |
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 BERLIN/PARIS (Reuters) - Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday. |
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 SAN FRANCISCO (Reuters) - Intel Corp trimmed its forecast for 2011 personal computer unit sales, warning of softness in mature markets and sending its shares more than 1 percent lower. |
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 NEW YORK (Reuters) - Fitch Ratings said on Wednesday it will decide next month whether the United States deserves to keep a stable outlook on its AAA credit rating as it concludes a review of the country's economic and fiscal outlook. |
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 LONDON (Reuters) - British Prime Minister David Cameron on Wednesday defended the way his staff dealt with the police over claims of phone-hacking and bribery at Rupert Murdoch's UK newspapers. |
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 NEW YORK (Reuters) - Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday. |
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 WASHINGTON (Reuters) - Sales of previously owned U.S. homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve. |
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 LONDON (Reuters) - In a small, semi-detached house overlooking a park in the unlovely south London suburb of Croydon, Jorge Salgado-Reyes sits at a glass-topped desk in his living room plying his trade as a private eye. |
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 BELGRADE (Reuters) - Serbia arrested the last major war crimes suspect from the 1990s Yugoslav conflicts on Wednesday, closing what its president called a "burdensome" page in the country's history and boosting its hopes of joining the European Union. |
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