 WASHINGTON (Reuters) - Republican leaders will scramble to rescue their budget deficit-cutting plan on Friday after conservatives mounted a rebellion that heaped uncertainty on efforts to avert a catastrophic debt default. | |
| Moody's places Spain on negative review Thu,28 Jul 2011 11:23 PM PDT Reuters -  MADRID (Reuters) - Rating agency Moody's Friday placed Spain on review for a possible downgrade, citing weak growth and funding pressures, hitting the euro on concerns a Greek rescue package has not laid contagion fears to rest. | |
| Libyan rebels say military chief killed Thu,28 Jul 2011 06:29 PM PDT Reuters -  NALUT/BENGHAZI, Libya (Reuters) - Libya's rebels say their military chief was shot dead in an incident that remains shrouded in mystery and may point to deep divisions within the movement trying to oust Muammar Gaddafi. | |
| Exxon profit up 41 percent, misses Street Thu,28 Jul 2011 01:08 PM PDT Reuters -  HOUSTON (Reuters) - Exxon Mobil Corp reported a higher quarterly profit that missed Wall Street estimates as maintenance slowed its international refining and production, and its shares closed down 2 percent. | |
| Police say arrest of soldier foiled "terror plot" Thu,28 Jul 2011 04:45 PM PDT Reuters -  KILLEEN, Texas (Reuters) - An Army soldier arrested with suspected bomb-making materials near Fort Hood, Texas, was hatching a "terror plot" to attack military personnel, police said on Thursday. | |
| BSkyB spends $1.6 billion to calm hacked off investors Thu,28 Jul 2011 11:22 PM PDT Reuters -  LONDON (Reuters) - BSkyB will spend 1 billion pounds ($1.6 billion) to placate investors who lost out after News Corp bowed to public fury over a hacking scandal and dropped a bid to take full control of the satellite broadcaster. | |
| S&P: Deficit cuts of $4 trillion a good start Thu,28 Jul 2011 02:59 PM PDT Reuters -  NEW YORK (Reuters) - Cutting the U.S. deficit by some $4 trillion over 10 years would be a good start, but more savings would be needed over time to bring the country's finances under control, ratings agency Standard & Poor's said on Thursday. | |
| Strauss-Kahn maid makes appeal as civil suit looms Thu,28 Jul 2011 11:53 AM PDT Reuters -  NEW YORK (Reuters) - The hotel maid who accused ex-IMF boss Dominique Strauss-Kahn of sexually assaulting her made an emotional public appeal on Thursday for people to believe her story as her lawyer threatened a civil lawsuit. | |
| Bush explains slow reaction to September 11 attacks Thu,28 Jul 2011 04:28 PM PDT Reuters -  LOS ANGELES (Reuters) - Former President George W. Bush says his apparent lack of reaction to the first news of the September 11 2001 attacks was a conscious decision to project an aura of calm in a crisis. | |
| EADS Q2 results beat forecasts, keeps 2011 goal Thu,28 Jul 2011 10:31 PM PDT Reuters -  PARIS (Reuters) - European aerospace and defense group EADS posted forecast-beating second-quarter profits and sales on Friday, amid strong demand for its Airbus aircraft, and confirmed its 2011 earnings forecast. Earnings before interest and tax (EBIT) rose 15 percent to 371 million euros in the three months to June 30, EADS said in a statement. Sales rose 6 percent to 12.1 billion. Net cash stood at 11 billion euros. | |
| Two Fed officials see growth but divided on stimulus Thu,28 Jul 2011 01:39 PM PDT Reuters - SALT LAKE CITY (Reuters) - Two top Federal Reserve officials diverged on the possible need for further stimulus on Thursday, even as they both forecast a pick-up in growth this year. Full Story | |
| Screening has little impact on breast cancer deaths: study Thu,28 Jul 2011 04:03 PM PDT Reuters -  LONDON (Reuters) - Falling breast cancer death rates have little to do with breast screening but are down to better treatment and health systems, scientists said on Friday, in a study likely to fuel a long-running row over the merits of mammograms. | |
| Former Yankees pitcher Irabu dead in apparent suicide Thu,28 Jul 2011 05:05 PM PDT Reuters -  LOS ANGELES (Reuters) - Former Major League Baseball pitcher Hideki Irabu, who started for the New York Yankees for three seasons in the late 1990s, was found dead at his Los Angeles-area home in an apparent suicide, the coroner's office said on Thursday. | |
| Libyan rebels say their military chief shot dead Thu,28 Jul 2011 03:38 PM PDT Reuters -  BENGHAZI, Libya (Reuters) - The head of the Libyan rebels' military campaign against Muammar Gaddafi was shot dead by assailants on Thursday, the top rebel leader said. | |
| Vote delayed on debt bill as default date looms Thu,28 Jul 2011 04:19 PM PDT Reuters -  WASHINGTON (Reuters) - A Republican plan to cut the budget deficit stumbled toward a vote in Congress on Thursday and its expected demise could force a compromise to avert an imminent and unprecedented debt default by the world's largest economy. | |
| Former Yankees pitcher Irabu dead in apparent suicide Thu,28 Jul 2011 04:29 PM PDT Reuters - LOS ANGELES (Reuters) - Former Major League Baseball pitcher Hideki Irabu, who started for the New York Yankees for three seasons in the late 1990s, was found dead at his Los Angeles-area home of an apparent suicide, the coroner's office said on Thursday. | |
| Jobless claims, housing data offer economic hope Thu,28 Jul 2011 10:10 AM PDT Reuters -  WASHINGTON (Reuters) - The number of Americans claiming new jobless benefits hit a three-month low last week and contracts to buy existing homes rose in June, hopeful signs for an economy that has struggled to regain momentum. | |
| James Murdoch confirmed as BSkyB chairman Thu,28 Jul 2011 11:25 AM PDT Reuters -  LONDON (Reuters) - James Murdoch was unanimously confirmed as chairman by BSkyB's board, winning a reprieve from a phone-hacking scandal that threatens to draw him into multiple investigations, two sources briefed on the board meeting told Reuters. | |
| Norway attacks boost political parties' membership Thu,28 Jul 2011 12:02 PM PDT Reuters -  OSLO (Reuters) - Membership of Norway's political parties has surged in response to calls to counter last week's massacre with more democracy and political participation, and some warn that the debate must shed traces of xenophobia. | |
| New Jersey Governor Christie discharged from hospital Thu,28 Jul 2011 04:37 PM PDT Reuters -  NEW YORK (Reuters) - New Jersey Governor Chris Christie, often mentioned as a possible Republican U.S. presidential candidate, was released from hospital on Thursday evening after undergoing tests for breathing difficulties. | |
| Italy borrowing costs soar in volatile euro markets Thu,28 Jul 2011 11:26 AM PDT Reuters -  MILAN/LONDON (Reuters) - Italy's borrowing costs soared at a closely watched bond auction on Thursday as investors worried by the euro zone debt crisis and an impasse over the U.S. debt ceiling exacted a high risk premium. | |
| Search for bodies on Norwegian island ends Thu,28 Jul 2011 12:35 PM PDT Reuters -  OSLO (Reuters) - Norwegian police on Thursday ended a six-day search for bodies on the island where Anders Behring Breivik shot dead 68 people, and said they were increasingly certain he acted alone. | |
| China's Wen visits train crash site, vows thorough probe Thu,28 Jul 2011 07:11 AM PDT Reuters -  WENZHOU, China (Reuters) - Chinese Premier Wen Jiabao Thursday vowed a thorough and transparent probe into last week's train crash that killed at least 39 people, visiting the crash site in a bid to calm public outrage at the government's handling of the disaster. | |
| Thomson Reuters margins rise; CEO seeks to reassure Thu,28 Jul 2011 01:48 PM PDT Reuters -  NEW YORK (Reuters) - Thomson Reuters Corp Chief Executive Tom Glocer said the company was coming to grips with the problems that led to a management shakeout last week, as he sought to allay investor concerns centered on its new flagship product for financial markets. | |
| Somalia rebels main block to aid: U.N. report Thu,28 Jul 2011 08:01 AM PDT Reuters -  NAIROBI (Reuters) - Rebels in Somalia -- where famine has been declared and 3.7 million people are going hungry -- burned food and medicine, and killed charity workers, as part of a long-running campaign of extortion against aid groups, according to a U.N. report. | |
| Goldman's new money machine: warehouses Thu,28 Jul 2011 07:46 AM PDT Reuters -  LONDON/DETROIT (Reuters) - In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine. | |
| Suicide attackers kill 19 in southern Afghanistan Thu,28 Jul 2011 08:18 AM PDT Reuters -  KANDAHAR, Afghanistan (Reuters) - Suicide attackers killed at least 19 people, 12 of them young children, when they targeted government buildings in southern Afghanistan Thursday, the latest blow to a fragile region that has been destabilized by a string of assassinations. | |
| HSBC may cut more than 10,000 jobs: report Thu,28 Jul 2011 08:47 AM PDT Reuters -  HONG KONG/LONDON (Reuters) - Banking group HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, Sky News reported Thursday. | |
| Special report: Goldman's new money machine: warehouses Thu,28 Jul 2011 02:08 AM PDT Reuters -  LONDON/DETROIT (Reuters) - In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine. | |
| Greece aims for fast bond swap completion: finance minister Thu,28 Jul 2011 02:03 AM PDT Reuters - ATHENS (Reuters) - Greece wants to quickly complete a voluntary bond exchange and is confident of IMF support as long as it fulfills its economic adjustment targets, the country's finance minister said on Thursday. Full Story | |
| UK phone-hacking judge calls for journalists' help Thu,28 Jul 2011 03:46 AM PDT Reuters - LONDON (Reuters) - The judge in charge of the public inquiry into alleged phone hacking by the British media urged people Thursday not to close ranks and called for journalists to help in his investigation, as he set out its broad outlines. Full Story | |
| Credit Suisse cuts 2,000 jobs as poor trading hurts results Thu,28 Jul 2011 06:55 AM PDT Reuters -  ZURICH (Reuters) - Swiss bank Credit Suisse is cutting about 2,000 jobs after weak trading activity and the strong Swiss franc hit second-quarter results. | |
| Japan's tech firms face weak TV demand, keep forecasts Thu,28 Jul 2011 04:47 AM PDT Reuters -  TOKYO (Reuters) - Japan's top consumer electronic firms recovered faster than expected from the March earthquake, keeping their full-year profit forecasts despite a weakening TV market and worries about the outlook for the global economy. | |
| Health bill to approach 20 percent of spending by 2020 Thu,28 Jul 2011 06:33 AM PDT Reuters -  WASHINGTON (Reuters) - The U.S. health bill will account for 19.8 percent of the nation's spending by 2020, up from 17.6 percent in 2009, outpacing projected average annual GDP growth, researchers said on Thursday. | |
| Ford bets big on India with $900 million plant Thu,28 Jul 2011 03:14 AM PDT Reuters -  MUMBAI (Reuters) - Ford Motor Co plans to build a $900 million production plant in India, doubling its investment in the country, as the U.S. carmaker seeks to catch up with rivals in the second-fastest growing auto market in the world. | |
| Visa rolls out new fee program Wed,27 Jul 2011 06:51 PM PDT Reuters -  CHARLOTTE, North Carolina (Reuters) - Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants. | |
| Strauss-Kahn accuser meets with prosecutors Wed,27 Jul 2011 10:14 PM PDT Reuters -  NEW YORK (Reuters) - The hotel maid who accused former International Monetary Fund Managing Director Dominique Strauss-Kahn of sexually assaulting her met with prosecutors on Wednesday for several hours to discuss details of the case. | |
| Hyundai beats forecasts with strong quarter Wed,27 Jul 2011 11:43 PM PDT Reuters -  SEOUL (Reuters) - South Korea's Hyundai Motor outperformed its rivals as it reported a consensus-beating 37 percent rise in quarterly profit on Thursday, fueled by strong U.S. sales of popular new models. | |
| Lawmaker probing if Treasury meddled in S&P rating Wed,27 Jul 2011 05:09 PM PDT Reuters - WASHINGTON (Reuters) - A congressional panel is examining whether the Obama administration tried to unduly influence Standard & Poor's before the credit rater revised its outlook on the debt rating to negative. Full Story | |
| James Murdoch faces BSkyB board, doubts about role Wed,27 Jul 2011 04:00 PM PDT Reuters -  LONDON (Reuters) - James Murdoch faces the board of BSkyB on Thursday and questions over whether his role in a phone-hacking scandal leave him a fit chairman of the satellite broadcaster his father's company tried to buy. |
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