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Jul 31, 2011

REUTERS News, Jul 31, 2011


Senate delays key debt vote until later on Sunday
Sat,30 Jul 2011 08:27 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Saturday delayed a test vote on the Democratic debt limit increase plan until 1 p.m. EDT Sunday to give negotiators more time to work out a deal.

Six killed in China's Xinjiang after explosions: reports
Sat,30 Jul 2011 08:02 PM PDT
Reuters - BEIJING (Reuters) - Two men wielding knives attacked a truck driver and then a crowd of people following two explosions in China's far west, killing six people before one attacker was killed and the other captured, government-run media reported Sunday. Full Story

Libyan rebel commander killed by allied militia
Sat,30 Jul 2011 04:40 PM PDT
Reuters -
photoBENGHAZI, Libya (Reuters) - Libyan rebels say the gunmen who shot dead their military chief were militiamen allied in their struggle to overthrow Muammar Gaddafi, raising questions about divisions and lawlessness within rebel ranks.

Iraq says to buy 36 F-16 fighters from U.S
Sat,30 Jul 2011 09:17 AM PDT
Reuters -
photoBAGHDAD (Reuters) - Iraqi Prime Minister Nuri al-Maliki said on Saturday his government would buy 36 F-16 fighters from the United States, doubling the number it had initially planned to purchase to strengthen its weak air defenses.

Turkey's leaders deny crisis as top generals quit
Sat,30 Jul 2011 12:54 PM PDT
Reuters -
photoISTANBUL (Reuters) - For Turkey's political leaders it was business as usual Saturday, denying any crisis, or simply not mentioning the resignation of the country's four top military commanders.

Anxiety in Afghanistan over troops pay if U.S. defaults
Sat,30 Jul 2011 03:25 PM PDT
Reuters -
photoKANDAHAR, Afghanistan (Reuters) - It is unclear if the United States will be able to pay troops on time in the event of a debt default, the top U.S. military officer told troops in Afghanistan on Saturday.

No death "miracle" in Guyana airliner crash
Sat,30 Jul 2011 09:39 PM PDT
Reuters -
photoGEORGETOWN (Reuters) - A packed Caribbean Airlines passenger jet skidded off a runway as it landed in Guyana at night on Saturday, then broke in two at the edge of a ravine. There were no casualties.

Moody's expects to affirm U.S. rating, negative outlook
Fri,29 Jul 2011 05:12 PM PDT
Reuters - NEW YORK (Reuters) - The United States will likely keep its top-notch credit rating from Moody's for now, despite the "limited magnitude" of the deficit reduction plans being discussed in Washington, the ratings agency said on Friday. Full Story

Reid confident debt cap to be raised long term
Sat,30 Jul 2011 07:52 PM PDT
Reuters - WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Saturday that he was confident that any deal to raise the country's borrowing cap will extend the limit for the long term. Full Story

Lawmakers race clock to clinch debt limit deal
Sat,30 Jul 2011 11:09 PM PDT
Reuters -
photoWASHINGTON (Reuters) - American lawmakers raced against the clock on Sunday to forge a last-minute deal that could raise the U.S. debt ceiling by $2.8 trillion and provide assurance to financial markets that the United States will avoid default.

White House says supports bill lifting debt limit to 2013
Sat,30 Jul 2011 01:58 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The White House said on Saturday it "strongly supports" a bill being considered in the House of Representatives that incorporates both Democratic and Republican ideas and would raise the debt limit to early 2013.

Senate Republicans say will block Reid debt bill
Sat,30 Jul 2011 11:03 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Nearly all Republicans in the Senate signed a letter saying they will not vote for a Democratic plan to raise the debt limit in a sign that the measure does not have the support it needs to advance in Congress.

Debt deal not close, Senator Reid says
Sat,30 Jul 2011 03:23 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republicans and Democrats are not close to a deal to raise the debt ceiling despite what Republican leaders may say, Senate Democratic Leader Harry Reid said on Saturday.

Top Republicans confident of debt deal with Obama
Sat,30 Jul 2011 03:08 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Top congressional Republicans said on Saturday they were in serious talks with President Barack Obama to break a U.S. debt limit deadlock and were confident the risk of default by the world's largest economy could be avoided.

NY Post reporters told to preserve documents: memos
Fri,29 Jul 2011 04:20 PM PDT
Reuters - NEW YORK (Reuters) - Rupert Murdoch's New York Post has ordered newsroom staff to keep all documents related to questionable reporting methods involving phone hacking or unlawful payments to government officials in light of the fire storm in the UK engulfing the newspaper's owner, News Corp. Full Story

Republican leaders say fully engaged with Obama
Sat,30 Jul 2011 02:42 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The top Republicans in the Senate and House of Representatives said on Saturday that after a week of stalemate they are now in serious talks with President Barack Obama to raise the debt ceiling and avoid a looming default.

Growth anemic, debt row poses recession risk
Fri,29 Jul 2011 02:35 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a standoff over the nation's debt does not end quickly.

Democratic debt-limit bill falls short in House
Sat,30 Jul 2011 12:19 PM PDT
Reuters - WASHINGTON (Reuters) - A Democratic bill to raise the U.S. debt limit fell short in the Republican-controlled House of Representatives Saturday as it failed to get the supermajority vote needed for quick passage. Full Story

Traders plan for short weekends amid Washington agony
Fri,29 Jul 2011 02:32 PM PDT
Reuters -
photoNEW YORK (Reuters) - Close out positions, tighten up stop-loss orders and get ready for Sunday night.

UK police add computer probe to phone-hack inquiry
Sat,30 Jul 2011 03:03 AM PDT
Reuters -
photoLONDON (Reuters) - London police probing phone hacking at Rupert Murdoch's defunct News of the World tabloid are broadening their investigation to allegations of computer hacking, they said on Saturday.

Analysis: Former prosecutors weigh in on Strauss-Kahn case
Fri,29 Jul 2011 05:01 PM PDT
Reuters - NEW YORK (Reuters) - Even by the standards of a salacious and unpredictable international scandal, it was a whirlwind week in the Dominique Strauss-Kahn sexual assault case. Full Story

Iran may release detained U.S. hikers soon: lawyer
Sat,30 Jul 2011 12:50 AM PDT
Reuters -
photoTEHRAN (Reuters) - Iran may release U.S. citizens detained on charges of espionage, their lawyer Masoud Shafiee told Reuters on Saturday, a day before a scheduled court session for the two coinciding with the second anniversary of their detention.

World Bank head: U.S. playing with fire on debt limit
Fri,29 Jul 2011 12:44 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt limit, the World Bank's chief warned on Friday.

Soldier shouts alleged Fort Hood killer name in court
Fri,29 Jul 2011 11:02 AM PDT
Reuters -
photoWACO, Texas (Reuters) - Army soldier Naser Jason Abdo shouted the name of a military psychiatrist accused of a 2009 shooting rampage at Fort Hood, Texas, during his first appearance in court on Friday on a charge related to an alleged terror plot.

Libyan rebels say commander killed by allied militia
Fri,29 Jul 2011 02:46 PM PDT
Reuters -
photoBENGHAZI, Libya (Reuters) - Libyan rebels said on Friday the gunmen who shot dead the rebel military chief were fighters of an allied militia, in apparent confirmation of deep rifts among the forces struggling to overthrow Muammar Gaddafi.

Republican debt bill headed for defeat in Senate
Fri,29 Jul 2011 05:16 PM PDT
Reuters - WASHINGTON (Reuters) - A bill to raise the debt ceiling that passed the Republican-controlled House of Representatives was headed for defeat on Friday in the Democratic-controlled Senate. Full Story

Republican bill passes, opening path to debt deal
Fri,29 Jul 2011 04:27 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The House of Representatives approved a Republican deficit plan on Friday that has no chance of becoming law but could pave the way for a last-ditch bid for bipartisan compromise to avert a crippling national default.

Boehner bill "dead on arrival": White House
Fri,29 Jul 2011 04:58 PM PDT
Reuters - WASHINGTON (Reuters) - The White House on Friday urged lawmakers to begin immediate work on a compromise to lift the debt limit after passage of a bill by Republicans in the House of Representatives it said was "dead on arrival." Full Story

Moody's expects to affirm U.S. rating
Fri,29 Jul 2011 03:38 PM PDT
Reuters - NEW YORK (Reuters) - Moody's Investor's Service expects to maintain the United States' top-notch rating for now, despite the "limited magnitude" of the deficit reduction plans being discussed in Washington. Full Story

Norway mourns, buries dead, a week after massacre
Fri,29 Jul 2011 10:03 AM PDT
Reuters -
photoOSLO (Reuters) - Norwegians united in mourning on Friday as the first funerals were held a week after anti-Islam extremist Anders Behring Breivik massacred at least 77 people in attacks that traumatized the nation.

Obama unveils sharp increase in auto fuel economy
Fri,29 Jul 2011 03:43 PM PDT
Reuters -
photoWASHINGTON/DETROIT (Reuters) - Several major auto makers on Friday embraced the Obama administration's proposal to push the industry further away from once-dominant gas guzzlers to more lean and efficient vehicles.

Rating depends on economy, deficit cuts: Moody's
Fri,29 Jul 2011 03:55 PM PDT
Reuters - NEW YORK (Reuters) - Moody's Investors Service will decide whether to downgrade the United States' Aaa rating based on the country's economic performance in 2012 and prospects for future deficit reduction measures, analyst Steven Hess said on Friday. Full Story

Moody's threatens Spain rating cut
Fri,29 Jul 2011 05:23 AM PDT
Reuters -
photoMADRID (Reuters) - Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis.

Special report: Is Israel Inc. too powerful?
Fri,29 Jul 2011 04:38 AM PDT
Reuters -
photoTEL AVIV (Reuters) - It took a two week-long cottage cheese rebellion to get Israelis to question the power of the country's tycoons.

UK lawmakers likely to recall James Murdoch on hacking
Fri,29 Jul 2011 10:40 AM PDT
Reuters -
photoLONDON (Reuters) - British lawmakers said on Friday it was likely they would recall News Corp's James Murdoch to clarify evidence on phone hacking he gave to a parliamentary committee following claims his testimony was "mistaken."

U.N. adds Pakistani Taliban to sanctions list
Fri,29 Jul 2011 02:55 PM PDT
Reuters -
photoUNITED NATIONS (Reuters) - The United Nations on Friday slapped sanctions on the Pakistani Taliban -- thought to be behind last year's failed bombing attempt on New York's Times Square -- for having links with al Qaeda.

Chevron profit jumps with oil, output growth slow
Fri,29 Jul 2011 10:36 AM PDT
Reuters -
photoNEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp, the second-largest U.S. oil company, booked a 43 percent jump in quarterly profit, beating estimates as high oil prices and fat refinery margins offset weaker output.

Obama ready to work through weekend for debt fix
Fri,29 Jul 2011 08:26 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama said on Friday he was ready to work with top Democrats and Republicans through the weekend to get a debt ceiling accord.

BSkyB dishes out $1.6 billion to appease investors
Fri,29 Jul 2011 09:35 AM PDT
Reuters -
photoLONDON (Reuters) - BSkyB will hand out 1 billion pounds ($1.6 billion) to placate investors who lost out when a phone-hacking and police corruption scandal forced News Corp to drop its bid for the satellite broadcaster.

Greece to get September bailout from bilateral loans
Fri,29 Jul 2011 05:26 AM PDT
Reuters -
photoBRUSSELS (Reuters) - Greece will get its next 8 billion euro tranche of emergency loans from the euro zone and the International Monetary Fund in September as planned, provided it meets agreed criteria, the spokesman for the Eurogroup President said on Friday.

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