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Jul 24, 2011

REUTERS News, Jul 24, 2011

Norway suspect deems killings atrocious but needed
Sat,23 Jul 2011 06:33 PM PDT
Reuters -
photoSUNDVOLLEN, Norway (Reuters) - A suspected right-wing fanatic accused of killing at least 92 people deemed his acts "atrocious" yet "necessary" as Norway mourned victims of the nation's worst attacks since World War Two.

Congress scrambles for debt deal
Sat,23 Jul 2011 10:04 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Congress will struggle Sunday to hammer out a deficit deal and assure investors before Asian markets open that America can avert a catastrophic default and hold onto its prized credit rating.

photoWENZHOU, China (Reuters) - Rescue workers on Sunday dug through the tangled wreckage of two trains that crashed in eastern China, killing at least 35 and injuring 210 in China's deadliest train disaster since 2008.

Fitch calls default, Greece pledges no let-up on debt
Sat,23 Jul 2011 01:40 AM PDT
Reuters -
photoATHENS/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.

BSkyB chair James Murdoch backed by investor Odey
Sat,23 Jul 2011 10:32 PM PDT
Reuters -
photoLONDON (Reuters) - A leading investor in BSkyB said he backs James Murdoch staying as chairman of the pay-TV firm despite politicians questioning his suitability, the Telegraph newspaper web site reported on Saturday.

Former joint chiefs head Shalikashvili dies
Sat,23 Jul 2011 02:28 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Retired General John Shalikashvili, an immigrant who rose to the position of Chairman of the U.S. Joint Chiefs of Staff during the 1990s, has died. He was 75.

U.S. wastes $34 billion in Afghan and Iraq contracting
Sat,23 Jul 2011 09:04 AM PDT
Reuters - WASHINGTON (Reuters) - The United States has wasted some $34 billion on service contracts with the private sector in the wars in Iraq and Afghanistan, according to a study being finalized for Congress. Full Story

Blasts rock Tripoli, Libya state TV says NATO strikes
Sat,23 Jul 2011 05:14 PM PDT
Reuters -
photoTRIPOLI (Reuters) - Explosions rocked the Libyan capital early on Sunday, Reuters witnesses said, sending a giant plume of smoke into the air.

Heavy rains soak Chicago as east coast steams
Sat,23 Jul 2011 05:04 PM PDT
Reuters -
photoCHICAGO (Reuters) - Overnight rains dumped nearly 7 inches of rain on Chicago early Saturday, breaking a record for the city, canceling flights, and causing parts of highways and train lines to shut down.

Britain's "Rehab" singer Amy Winehouse dies aged 27
Sat,23 Jul 2011 02:43 PM PDT
Reuters -
photoLONDON (Reuters) - Amy Winehouse, one of the most talented singers of her generation whose hit song "Rehab" summed up her struggles with addiction, died in London on Saturday at the age of 27.

BSkyB chair James Murdoch backed by investor Odey
Sat,23 Jul 2011 03:33 PM PDT
Reuters - LONDON (Reuters) - A leading investor in BSkyB said he backs James Murdoch staying as chairman of the pay-TV firm despite politicians questioning his suitability, the Telegraph newspaper web site reported on Saturday. Full Story

At least 32 die in east China high-speed train crash
Sat,23 Jul 2011 01:50 PM PDT
Reuters -
photoBEIJING (Reuters) - At least 32 people died when a high-speed train smashed into a stalled train in China's eastern Zhejiang province Saturday, state media said, raising new questions about the safety of the fast-growing rail network.

Obama, lawmakers scramble to salvage debt deal
Sat,23 Jul 2011 04:01 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Scolded by President Barack Obama, Congress scrambled on Saturday to produce a deficit plan within 48 hours that keeps the United States from a catastrophic debt default now days away.

Norway shooter traumatizes nation, up to 98 dead
Sat,23 Jul 2011 03:10 PM PDT
Reuters -
photoSUNDVOLLEN, Norway (Reuters) - Norwegian police searched for more victims and a possible second gunman on Saturday after a suspected right-wing zealot killed up to 98 people in a shooting spree and bomb attack.

Libya wants more talks as NATO strikes hit capital
Sat,23 Jul 2011 07:52 AM PDT
Reuters -
photoTRIPOLI, Libya (Reuters) - Libya is ready to hold more talks with the United States and with rebels trying to overthrow Muammar Gaddafi, but the Libyan leader will not bow to demands he quit, a government spokesman said.

Heavy rains soak Chicago as east coast steams
Sat,23 Jul 2011 04:46 PM PDT
Reuters -
photoCHICAGO (Reuters) - Overnight rains dumped nearly 7 inches of rain on Chicago early Saturday, breaking a record for the city, canceling flights, and causing parts of highways and train lines to shut down.

China's most wanted fugitive arrested after extradition
Sat,23 Jul 2011 09:24 AM PDT
Reuters -
photoBEIJING (Reuters) - China arrested its most wanted fugitive in the capital Beijing Saturday after Canada deported him to end a decades-long saga that had plagued Sino-Canadian relations, but concerns remained among activists about whether he would receive a fair trial.

photoNUSA DUA, Indonesia (Reuters) - Pakistan's new foreign minister, who held talks on Saturday with U.S. Secretary of State Hillary Clinton, said the two countries shared the strategic objective of combating terror groups and Islamabad did not need any cajoling on the issue.

photoOSLO (Reuters) An assailant who shot dead at least 84 people at a youth camp of Norway's ruling party turned a "youth paradise into a hell," Norwegian Prime Minister Jens Stoltenberg said on Saturday.

Woman, girl killed in Yemen government-opposition fighting
Sat,23 Jul 2011 05:27 AM PDT
Reuters - SANAA (Reuters) - A young woman and a girl were killed in Yemen during fighting between forces loyal to President Ali Abdullah Saleh and his opponents Saturday, with both sides blaming the other. Full Story

Boehner to insist on deep cuts for debt increase
Sat,23 Jul 2011 07:19 AM PDT
Reuters -
photoWASHINGTON (Reuters) - House Speaker John Boehner will stick to his demand for spending cuts greater than the size of an increase in the U.S. debt limit at an 11 a.m. EDT meeting with President Barack Obama on Saturday.

China train crash kills 11 people and 89 hospitalized
Sat,23 Jul 2011 08:35 AM PDT
Reuters - BEIJING (Reuters) - At least 11 people have died after two high-speed trains crashed into each other in China's eastern province of Zhejiang on Saturday, causing two carriages to fall off a bridge, state news agency Xinhua said. Full Story

Thomson Reuters shakes up Markets division
Fri,22 Jul 2011 03:05 PM PDT
Reuters -
photoNEW 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.

GE tops Wall Street estimates on overseas demand
Fri,22 Jul 2011 08:09 AM PDT
Reuters -
photoBOSTON (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.

UK lawmaker asks police to investigate Murdoch
Fri,22 Jul 2011 09:47 AM PDT
Reuters -
photoLONDON (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.

Verizon iPhone sales dash hopes; shares fall
Fri,22 Jul 2011 04:05 PM PDT
Reuters -
photoNEW YORK (Reuters) - Verizon Communications may have the iPhone, but the blockbuster smartphone has yet to pay off in its battle against AT&T Inc.

U.S. East Coast hit by searing heat, records broken
Fri,22 Jul 2011 01:44 PM PDT
Reuters -
photoBOSTON (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.

Boehner breaks off debt limit talks with Obama
Fri,22 Jul 2011 03:23 PM PDT
Reuters -
photoWASHINGTON (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.

At least 91 dead in Norway shooting, bomb attack
Sat,23 Jul 2011 03:12 AM PDT
Reuters -
photoOSLO (Reuters) - A suspected far-right gunman in police uniform killed at least 84 people in a ferocious attack on a youth summer camp of Norway's ruling Labor party, hours after a bomb killed seven in Oslo.

Fitch calls default, Greece pledges no let-up on debt
Fri,22 Jul 2011 10:51 AM PDT
Reuters -
photoATHENS/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.

Dodgers ordered to take league loan to stay afloat
Fri,22 Jul 2011 02:01 PM PDT
Reuters -
photoWILMINGTON, 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.

Norway police say gunman kills at least 80 youths
Fri,22 Jul 2011 07:18 PM PDT
Reuters -
photoOSLO (Reuters) - A gunman shot dead at least 80 youths at a summer camp of the ruling Labour Party on Friday, police said.

Boehner: Obama tax stance caused debt talk collapse
Fri,22 Jul 2011 04:30 PM PDT
Reuters -
photoWASHINGTON (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.

Libya says six killed in airstrike near Brega
Fri,22 Jul 2011 01:11 PM PDT
Reuters - TRIPOLI (Reuters) - A Libyan official said six guards were killed in an airstrike on Friday on a pipeline production plant just south of Brega in eastern Libya. Full Story

Seventeen dead in Norway bomb and gun attack
Fri,22 Jul 2011 03:33 PM PDT
Reuters -
photoOSLO (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.

Caterpillar profit misses
Fri,22 Jul 2011 12:32 PM PDT
Reuters -
photoNEW 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.

Venezuela's Chavez faces second chemo treatment
Fri,22 Jul 2011 11:49 AM PDT
Reuters -
photoCARACAS (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.

China, U.S. play down tensions at Asian security summit
Fri,22 Jul 2011 07:03 AM PDT
Reuters -
photoNUSA 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.

Murdoch links set to overshadow Sky results
Fri,22 Jul 2011 06:05 AM PDT
Reuters -
photoLONDON (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.

Five injured in shooting at youth camp near Oslo: report
Fri,22 Jul 2011 09:58 AM PDT
Reuters -
photoOSLO (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.

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