 WASHINGTON (Reuters) - President Barack Obama summoned top lawmakers to a Saturday meeting to try to salvage a deal on the government's borrowing limit from the wreckage of deficit talks whose collapse pushed the world's largest economy closer to a catastrophic default. | |
 ATHENS/LONDON (Reuters) - Fitch ratings agency declared Greece would be in temporary default as the result of a second bailout, which Athens said had bought it breathing space. | |
 NEW YORK (Reuters) - Five more senior executives are leaving Thomson Reuters Corp in a shake-up of its Markets division, which has posted disappointing revenue growth amid slow sales of a key new product. | |
 BOSTON (Reuters) - General Electric Co notched a better-than-expected 21.6 percent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production. | |
 LONDON (Reuters) - News Corp executive James Murdoch could face a police investigation into claims he gave "mistaken" testimony to Britain's parliament this week, deepening the legal crisis that has engulfed the Murdoch family's media empire. | |
 BOSTON (Reuters) - East Coast residents sought refuge on Friday from sweltering temperatures, flocking to beaches, pools and air-conditioned malls as the mercury climbed into the triple-digits along the U.S. Eastern seaboard. | |
 NEW YORK (Reuters) - Verizon Communications may have the iPhone, but the blockbuster smartphone has yet to pay off in its battle against AT&T Inc. | |
 WILMINGTON, Delaware (Reuters) - A judge directed the Los Angeles Dodgers to negotiate a $150 million loan from Major League Baseball to finance their bankruptcy, dealing a blow to embattled team owner Frank McCourt on Friday. | |
 WASHINGTON (Reuters) - House of Representatives Speaker John Boehner broke off talks with President Barack Obama on Friday and said he will begin negotiations with Senate leaders aimed at meeting an August 2 deadline to avert an unprecedented U.S. debt default. | |
 OSLO (Reuters) - A gunman dressed in police uniform opened fire at a youth camp of Norway's ruling political party on Friday, killing at least 80 people, hours after a bomb killed seven in the government district in the capital Oslo. | |
 OSLO (Reuters) - A gunman shot dead at least 80 youths at a summer camp of the ruling Labour Party on Friday, police said. | |
WASHINGTON (Reuters) - House Speaker John Boehner blamed President Barack Obama for the collapse of debt ceiling talks, saying the White House sought to raise taxes and failed to "make the tough choices" on spending cuts. | |
 OSLO (Reuters) - A bomb ripped through Oslo's central government district on Friday and a gunman dressed as a policeman then opened fire at a youth camp on a nearby island, killing at least 17 people altogether. | |
 NEW YORK (Reuters) - Heavy machinery maker Caterpillar Inc disappointed Wall Street with a second-quarter earnings miss on Friday, hurt by higher costs, and its shares fell nearly 6 percent, dragging down the U.S. stock market. | |
 CARACAS (Reuters) - Venezuelan President Hugo Chavez said on Friday he was preparing for a second round of chemotherapy in Cuba to eliminate the risk of malignant cells after completing what he called a successful first session. | |
 NUSA DUA, Indonesia (Reuters) - 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. | |
 LONDON (Reuters) - BSkyB's complicated relationship with Rupert Murdoch's News Corp and whether son James should remain as chairman will likely dominate the firm's solid financial results due next week. | |
 OSLO (Reuters) - A man dressed as a policeman shot and injured at least five people at a meeting of the youth wing of the party of Prime Minister Jens Stoltenberg on Friday after a blast in the capital, Norwegian public broadcaster NRK said. | |
 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. | |
 NEW YORK (Reuters) - The National Football League (NFL) lockout remained intact on Friday as players and their representatives paused before committing to their next step. | |
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 | |
 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. | |
 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. | |
 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. | |
 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. | |
 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. | |
 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. | |
 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. | |
 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. | |
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. | |
 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. | |
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 | |
 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. | |
 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. | |
 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. | |
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 | |
 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. | |
 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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