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Jul 7, 2011

BLOOMBERG News, Jul 07, 2011

Democrats challenge Obama's Afghan withdrawal plan
Wed,6 Jul 2011 09:35 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Democratic lawmakers fed up with the lingering war in Afghanistan launched a new challenge to President Barack Obama's plan for a measured U.S. troop withdrawal over the next year as they resumed debate on Wednesday on a $649 billion defense spending bill.
Minnesota governor offers ideas, Republicans balk
Wed,6 Jul 2011 06:48 PM PDT
Reuters - MINNEAPOLIS (Reuters) - Minnesota's Democratic Governor Mark Dayton offered two tax proposals on Wednesday to end a budget impasse that has shut down the government, but Republicans rejected the ideas as a step backward. Full Story1
Deal to end 45-cent ethanol credit seen this week
Wed,6 Jul 2011 04:06 PM PDT
Reuters - WASHINGTON (Reuters) - Three U.S. senators working on a framework to replace the $6 billion a year ethanol tax credit with far less costly incentives could strike a deal as soon as Thursday, Senate and industry sources said. Full Story1
Obama tweets for the first time, tweaks Republicans
Wed,6 Jul 2011 02:04 PM PDT
Reuters -
photoWASHINGTON (Reuters) - U.S. President Barack Obama took to Twitter on Wednesday to press his economic agenda, using the popular social media site to tweak Republicans and advocate for a deal to reduce the deficit.
Senate panel to try again to move trade deals
Wed,6 Jul 2011 01:59 PM PDT
Reuters - WASHINGTON (Reuters) - Senate Finance Committee Chairman Max Baucus said on Wednesday the panel would try to restart action on Thursday on three long-delayed free trade deals, after Republicans boycotted talks over a program to help workers displaced by trade. Full Story1
U.S. firearms head admits Mexico gun sting mistakes
Wed,6 Jul 2011 12:43 PM PDT
Reuters - WASHINGTON (Reuters) - The acting head of the U.S. firearms agency admitted during secret talks at Congress that mistakes were made in a botched operation to track the illegal movement of guns to Mexico, lawmakers said on Wednesday. Full Story1
Analysis: Easing economy will offer some respite to Obama
Wed,6 Jul 2011 12:28 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Signs of economic improvement could bolster President Barack Obama's re-election hopes as he tries to beat back Republican attacks over his failure to create enough jobs.
Obama changes protocol on troop suicides
Wed,6 Jul 2011 12:25 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Announcing a change of protocol, President Barack Obama said on Wednesday he would write condolence letters to families of military personnel who take their own lives in combat zones.
Obama: debt debate not a weapon for tax breaks
Wed,6 Jul 2011 11:50 AM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama said on Wednesday the debate over raising the debt ceiling should not be used as a gun against the heads of American people in an effort to secure tax breaks.
Militants may try bomb implants to attack
Wed,6 Jul 2011 11:47 AM PDT
Reuters - WASHINGTON (Reuters) - Militants are showing renewed interest in using a bomb surgically implanted inside a passenger's body to blow up a commercial flight, though there is no indication an attack is imminent, a U.S. security official said on Wednesday. Full Story1
Romney raises $18 million for White House bid
Wed,6 Jul 2011 11:46 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican presidential hopeful Mitt Romney raised more than $18 million over the last three months, a total that dwarfed his Republican rivals but lagged some predictions.
Analysis: Worries on debt ceiling bubble beneath surface
Wed,6 Jul 2011 11:38 AM PDT
Reuters -
photoNEW YORK (Reuters) - As the standoff over raising the government's borrowing limit enters its final month, it's becoming harder for investors to avoid thinking the unthinkable: the world's most trusted borrower could soon renege on its debt.
Mexico to cut duties on U.S. after trucking deal
Wed,6 Jul 2011 11:19 AM PDT
Reuters - MEXICO CITY (Reuters) - Mexico will cut in half retaliatory duties on more than $2 billion of U.S. farm and industrial goods this week after signing a deal with Washington on Wednesday to allow Mexican truckers onto American roads. Full Story1
Factbox: 2012 presidential cash race ramps up
Wed,6 Jul 2011 06:45 AM PDT
Reuters - (Reuters) - The race for cash among Republican candidates aiming to unseat Democratic President Barack Obama has begun in earnest and most hopefuls are lagging far behind Mitt Romney, the former Massachusetts governor. Full Story1
Senate's Reid scraps Libya measure for debt
Tue,5 Jul 2011 04:35 PM PDT
Reuters -
photoWASHINGTON (Reuters) - U.S. Senate Majority Leader Harry Reid on Tuesday pulled a resolution to authorize the U.S. military conflict in Libya from the Senate schedule, after Republicans said they wanted to focus on the debt crisis instead.
Obama to meet Congress leaders Thursday on debt
Tue,5 Jul 2011 04:27 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama rejected proposals on Tuesday for a short-term deal to raise the U.S. debt limit and pressured congressional leaders to reach a broad agreement within two weeks to avoid a government default by August 2.
Mondale and others seek to end Minnesota shutdown
Tue,5 Jul 2011 03:50 PM PDT
Reuters - MINNEAPOLIS (Reuters) - Former Vice President Walter Mondale, calling Minnesota's budget crisis a "deadlocked train wreck," on Tuesday offered expert help to end his home state's government shutdown. Full Story1
Senator Baucus asks Exxon for details on pipe spill
Tue,5 Jul 2011 03:48 PM PDT
Reuters -
photoWASHINGTON (Reuters) - A U.S. senator from Montana asked Exxon Mobil Corp on Tuesday for details about the pipeline that ruptured over the weekend spilling about 1,000 barrels of oil into the rain-swollen Yellowstone River.
Factbox - Raw materials covered by China loss at WTO
Tue,5 Jul 2011 03:27 PM PDT
Reuters - (Reuters) - A World Trade Organization panel ruled on Tuesday that various quotas, duties and other devices used by China to restrict exports of key raw materials violated commitments it made to join the world trade body. Full Story1
WTO rules China curbs on raw material exports illegal
Tue,5 Jul 2011 03:27 PM PDT
Reuters - BRUSSELS/WASHINGTON (Reuters) - China broke international law when it curbed exports of coveted raw materials, the World Trade Organization ruled Tuesday, in a landmark case threatening Beijing's defense for similar export brakes on rare earths. Full Story1
Wounded Giffords aide makes emotional return to work
Tue,5 Jul 2011 03:17 PM PDT
Reuters -
photoTUCSON, Arizona (Reuters) - An aide to Arizona Representative Gabrielle Giffords made an emotional return to work on Tuesday, nearly six months after he was seriously wounded in the Tucson shooting rampage.
House Republicans defy Obama on trade bill add-on
Tue,5 Jul 2011 03:06 PM PDT
Reuters - WASHINGTON (Reuters) - Republican lawmakers set the stage on Tuesday for a second showdown with the White House over the Obama administration's demand Congress pass legislation to help workers hurt by trade as part of a package of long-delayed trade deals. Full Story1
Boehner: Debt talks fruitless if taxes on the menu
Tue,5 Jul 2011 02:49 PM PDT
Reuters -
photoWASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Tuesday that debt-reduction talks will be "fruitless" as long as President Barack Obama continues to call for closing $400 billion in tax breaks as part of the deal.
McConnell will meet at White House with Obama: aides
Tue,5 Jul 2011 02:06 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell accepted an invitation to meet with President Barack Obama at the White House on Thursday amid efforts to cut a bipartisan deal to raise the U.S. debt limit, aides said.
Obama says talked with leaders on debt, cites progress
Tue,5 Jul 2011 02:04 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama said on Tuesday that he spoke over the weekend with both Democratic and Republican congressional leaders on their impasse over the U.S. debt and deficits and that the discussions are yielding progress.
U.S. dismisses "clumsy" Iran threat of rights trials
Tue,5 Jul 2011 01:02 PM PDT
Reuters - WASHINGTON (Reuters) - The United States on Tuesday dismissed an Iranian threat to try U.S. officials in absentia on human rights charges as a clumsy attempt to deflect international attention from Tehran's own rights record. Full Story1
Analysis: Debt deal not that far out of reach
Tue,5 Jul 2011 11:40 AM PDT
Reuters -
photoWASHINGTON (Reuters) - You would never know it from all the hot air rising out of Washington, but President Barack Obama and congressional Republicans could easily reach a deal to raise the debt limit and avoid an early August default.
Russia criticizes U.S. over abuses in wars abroad
Tue,5 Jul 2011 08:32 AM PDT
Reuters - MOSCOW (Reuters) - Russia urged the United States on Tuesday to give more scrutiny to allegations of human rights violations by U.S. soldiers and agents during conflicts abroad, pointing to reported abuses in Iraq and Afghanistan. Full Story1
National teachers' group endorses Obama for 2nd term
Tue,5 Jul 2011 03:45 AM PDT
Reuters -
photoCHICAGO (Reuters) - The nation's largest teachers union voted on Monday to recommend that President Barack Obama be elected for another term.
Montana governor reviewing oil, gas pipeline safety
Mon,4 Jul 2011 03:27 PM PDT
Reuters - KALISPELL, Montana (Reuters) - Montana Governor Brian Schweitzer on Monday said authorities will review safety of all oil and gas pipelines which cross waterways in the state and close those that did not meet standards. Full Story1
photo(Warning: Use of strong language in paragraph 3)
White House to pay $37 million in salaries for 2011
Sun,3 Jul 2011 09:16 PM PDT
Reuters -
photoWASHINGTON (Reuters) - The White House said on Friday it will pay $37,121,463 in salaries for 454 employees in 2011.
Myanmar diplomat defects in Washington: report
Sun,3 Jul 2011 09:14 PM PDT
Reuters - WASHINGTON (Reuters) - The deputy chief of mission at Myanmar's embassy in Washington is seeking political asylum in the United States, Radio Free Asia reported Sunday. Full Story1
Afghan drawdown may hurt battle for east: McCain
Sun,3 Jul 2011 03:05 PM PDT
Reuters -
photoKABUL (Reuters) - President Barack Obama's decision to bring troops home from Afghanistan faster than the military recommended could jeopardize the next major push of the war, to unseat insurgents in the east, U.S. senator John McCain said on Sunday.
photoJul (Reuters) - By Leila Abboud
photoMINNEAPOLIS (Reuters) - As day three of the Minnesota state government shutdown began on Sunday, residents shut out of state parks and historical sites had one option restored over the holiday weekend -- the Minnesota Zoo.
California calls on citizen to redraw political lines
Sun,3 Jul 2011 05:02 AM PDT
Reuters - LOS ANGELES (Reuters) - When Stanley Forbes is not helping to redraw California's electoral map, he is growing almonds at his ranch or running his independent book store. Full Story1
Little-known Republican McCotter opens White House bid
Sun,3 Jul 2011 04:12 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Thaddeus McCotter, a guitar-playing Michigan congressman with an independent streak, formally launched a longshot bid for the 2012 Republican presidential nomination on Saturday.
Vote to replace former Congressman Weiner on September 13
Sat,2 Jul 2011 01:52 PM PDT
Reuters -
photoNEW YORK (Reuters) - A special election to replace disgraced former Congressman Anthony Weiner, who resigned after lying about sending lewd photos of himself to women over the Internet, has been set for September 13.
Massachusetts lawmakers OK $31 billion budget
Fri,1 Jul 2011 03:06 PM PDT
Reuters - NEW YORK (Reuters) - The Massachusetts legislature enacted a nearly $31 billion budget on Friday, which shuts a $1.9 billion budget gap without raising taxes by cutting spending and relying on one-time revenues. Full Story1

CELEBRITY Gossip News, Jul 07, 2011

Giovanni Ribisi going "Gangster"
Wed,6 Jul 2011 08:05 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Giovanni Ribisi will join Sean Penn, Ryan Gosling and Josh Brolin in "The Gangster Squad," a police drama set in Los Angeles during the 1940s.

"Rock of Ages" lawsuit pits producer vs. producer
Wed,6 Jul 2011 08:03 PM PDT
Reuters - LOS ANGELES (TheWrap) - A would-be producer of "Rock of Ages" is singing an unhappy tune about allegedly being left out in the cold when it comes to producers' fees.Full Story1
Paramount's animation plan leaves DreamWorks hanging
Wed,6 Jul 2011 07:24 PM PDT
Reuters - LOS ANGELES (TheWrap) - Paramount is getting into the animation game with a bold plan that could leave DreamWorks Animation in the lurch. Full Story1
San Francisco police impound cab over Picasso theft
Wed,6 Jul 2011 07:21 PM PDT
Reuters -
photoSAN FRANCISCO (Reuters) - Police investigating the theft of a Pablo Picasso sketch from a San Francisco art gallery impounded a taxicab on Wednesday used as the getaway vehicle, hoping for clues from its surveillance camera.
Adele, Lady Gaga power music recovery
Wed,6 Jul 2011 06:47 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - British soul singer Adele and flamboyant pop singer Lady Gaga have helped the U.S. music industry stage a modest comeback after a decade of decline.
photoLOS ANGELES (TheWrap) - With the million awful, tacky, shrill, stupid, condescending, tasteless, "Eragon"-y things that could have gone wrong over the 10 years and eight movies that brought J.K. Rowling's mega-popular Harry Potter series to the big screen, it's practically a statistical anomaly that the final entry, "Harry Potter and the Deathly Hallows, Part 2," brings its A-game from start to finish.
Bronchitis-hit Taylor Swift cancels three more shows
Wed,6 Jul 2011 05:00 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - Country-pop singer Taylor Swift on Wednesday canceled three more of her U.S. concerts due to bronchitis but said she hoped to be better for a July 14 date in Montreal.
Scary movie "Dream House" loses ratings appeal
Wed,6 Jul 2011 04:56 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - "Dream House," a thriller starring real-life newlyweds Daniel Craig and Rachel Weisz, has lost a bid to have its "R" rating softened.
History accents positive in "Kennedy Home Movies"
Wed,6 Jul 2011 04:55 PM PDT
Reuters - LOS ANGELES (TheWrap) - The History cable channel is making nice with the Kennedys. Full Story1
Swedish director eyes modern-day Jekyll/Hyde story
Wed,6 Jul 2011 04:49 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Swedish filmmaker Mikael Hafstrom, whose Hollywood credits include "The Rite" and "1408," will direct the indie sociopath thriller "Wake." The film is about "a modern day Jekyll and Hyde who knows no bounds" -- and no fear, producer Hammer Films said Wednesday.
Charlie Sheen eyes TV return in "Anger Management"
Wed,6 Jul 2011 04:48 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Charlie Sheen hopes to return to TV in a show based on the 2003 Adam Sandler-Jack Nicholson comedy "Anger Management" in which he would play a variation of Nicholson's character, TheWrap has confirmed.
Royals' tour touches fire-ravaged northern Alberta
Wed,6 Jul 2011 04:28 PM PDT
Reuters -
photoSLAVE LAKE, Alberta (Reuters) - Britain's Prince William and Kate took a side trip on their royal newlyweds' tour of Canada on Wednesday to visit Slave Lake, Alberta, which was devastated by wildfires in the spring.
"American Idol" reject Pia Toscano signs record deal
Wed,6 Jul 2011 02:35 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - "American Idol" contestant Pia Toscano, whose early exit from the TV show shocked viewers, has signed a record deal with Interscope Records, the company said on Wednesday.
Sales slide for Beyonce's new chart-topper
Wed,6 Jul 2011 02:32 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - R&B singer Beyonce went to No. 1 on the U.S. pop album chart with her fourth consecutive release on Wednesday, although its sales were the lowest of her solo career.
Young stars struggle with life after "Harry Potter"
Wed,6 Jul 2011 02:12 PM PDT
Reuters -
photoLONDON (Reuters) - The young actors who have worked on the "Harry Potter" movies for half their lives said on Wednesday they were struggling to come to grips with the series ending.
J.B. Smoove joins Sasha Baron Cohen's "Dictator"
Wed,6 Jul 2011 12:57 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Comedian J.B. Smoove, who plays Larry David's buddy in "Curb Your Enthusiasm," has joined the cast of Sasha Baron Cohen's upcoming film, "The Dictator."
Claudia Schiffer aims to create lasting fashion brand
Wed,6 Jul 2011 11:56 AM PDT
Reuters -
photoPARIS (Reuters) - German supermodel Claudia Schiffer launched her first cashmere collection during Haute Couture fashion week in Paris with the hope of creating a lasting brand that she could pass on to her children.
Hasselhoff turns porn star for "Sons of Anarchy"
Wed,6 Jul 2011 11:54 AM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Is the world ready for David Hasselhoff, porn star?
CNN drops Eliot Spitzer TV talk show
Wed,6 Jul 2011 11:46 AM PDT
Reuters -
photoLOS ANGELES (Reuters) - CNN has canceled its television talk show hosted by former New York governor Eliot Spitzer, despite a major revamp less than six months ago.
TV network ratings slide in 2010-11 season
Wed,6 Jul 2011 11:43 AM PDT
Reuters -
photoNEW YORK (TheWrap) - All five major television networks lost viewers, Super Bowl ratings set another record, "Two and a Half Men" remained the most-watched comedy on television, and the two biggest new shows debuted in mid-season.
James Spader named CEO of TV's "Office"
Wed,6 Jul 2011 11:42 AM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Emmy-winning actor James Spader has joined the regular cast of "The Office" as Robert California, the new CEO of Sabre, the parent company of Dunder Mifflin, NBC said on Wednesday.
Chanel dazzles Paris with starlit haute couture show
Wed,6 Jul 2011 11:05 AM PDT
Reuters -
photoPARIS (Reuters) - Chanel's Karl Lagerfeld dazzled the fashion world on Tuesday with a rare nighttime presentation of his fall-winter haute couture collection that conjured up all the magic of a walk through starlit Paris.
IMAX to install 3 theatre systems in Portugal
Wed,6 Jul 2011 10:37 AM PDT
Reuters - (Reuters) - Imax Corp said it signed a revenue-sharing deal with Portugal's ZON Lusomundo Cinemas, marking the Canadian big-screen movie company's first steps into the western European country. Full Story1
Noel Gallagher goes solo, recalls Oasis split
Wed,6 Jul 2011 07:22 AM PDT
Reuters -
photoLONDON (Reuters) - Noel Gallagher unveiled plans on Wednesday for his first solo album, and recalled the day in Paris two years ago when rock band Oasis broke up amid violent scenes involving his brother and lead singer Liam.
"No God" film angers Tunisian Islamists
Wed,6 Jul 2011 06:26 AM PDT
Reuters - TUNIS (Reuters) - Six months after Tunisia's uprising, religious tension is rising over the limits of freedom of expression, as Islamists challenge the dominance of liberals in what was once a citadel of Arab secularism. Full Story1
American painter Cy Twombly dies aged 83
Wed,6 Jul 2011 06:19 AM PDT
Reuters -
photoLONDON (Reuters) - American painter Cy Twombly, renowned for his large-scale scribbled canvases, died in Rome on Tuesday. He was 83.
photoNEW YORK (Reuters) - Angelina Jolie and Sarah Jessica Parker, with estimated annual earnings of $30 million each, are the highest paid actresses in Hollywood, according to the Forbes.com annual list.
Casey Anthony trial turned into media frenzy
Tue,5 Jul 2011 09:19 PM PDT
Reuters -
photoNEW YORK (TheWrap) - Led by Headline News anchor Nancy Grace, the entire cable landscape -- and now the broadcast news networks -- seem to have gotten drunk on the Casey Anthony trial.
USA Network to practice "Common Law"
Tue,5 Jul 2011 07:44 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - USA Network has picked up the series "Common Law," which will begin shooting in New Orleans next month, the cable channel said on Tuesday.
Elizabeth Hurley to appear on "Gossip Girl"
Tue,5 Jul 2011 06:32 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Elizabeth Hurley is coming to "Gossip Girl," guest-starring as a media mogul in multiple episodes of the teen soap.
Johnny Depp's "Pirates" booty nearing $350 million
Tue,5 Jul 2011 06:31 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Johnny Depp is close to a deal to star in a fifth "Pirates of the Caribbean" movie, a source close to negotiations told TheWrap.
Actress pair returning to 'Law & Order: SVU'
Tue,5 Jul 2011 04:59 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Looks like we might have solved the case of how "Law & Order: Special Victims Unit" plans to deal with the loss of Christopher Meloni and the diminished role of Mariska Hargitay.
American painter Cy Twombly dies aged 83: gallery
Tue,5 Jul 2011 04:40 PM PDT
Reuters -
photoLONDON (Reuters) - American painter Cy Twombly, renowned for his large-scale scribbled canvases, died in Rome on Tuesday. He was 83.
Johnny Depp close to deal for fifth 'Pirates' film
Tue,5 Jul 2011 04:35 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Johnny Depp is close to a deal to star in a fifth "Pirates of the Caribbean" movie, a source close to negotiations told TheWrap.
Netflix expands online service to Latin America
Tue,5 Jul 2011 04:02 PM PDT
Reuters -
photoNEW YORK (Reuters) - Netflix Inc is expanding its online video service to 43 countries in Latin America and the Caribbean, sending its shares to an all-time high.
Stubbs horse painting fetches $36 mln in London
Tue,5 Jul 2011 01:52 PM PDT
Reuters -
photoLONDON (Reuters Life!) - A horse painting by George Stubbs fetched 22.4 million pounds ($35.9 million) at Christie's in London on Tuesday, the third most valuable old master painting to be sold at auction, the company said.
Trustee pans Blockbuster bonus plan
Tue,5 Jul 2011 01:37 PM PDT
Reuters -
photoNEW YORK (Reuters) - The U.S. Trustee overseeing Blockbuster Inc's bankruptcy is asking a judge to stop the movie rental chain from paying one employee hundreds of thousands of dollars in bonuses to speed up creditor payouts.
Adam Sandler joins vampire cartoon
Tue,5 Jul 2011 01:00 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Adam Sandler will voice the role of Dracula in "Hotel Transylvania," a 3D film set in a resort for monsters, Sony Pictures Animation said Tuesday.
CBS and electrical union reach deal on new contract
Tue,5 Jul 2011 11:45 AM PDT
Reuters - LOS ANGELES (TheWrap) - CBS and the International Brotherhood of Electrical Workers (IBEW) have reached a tentative contract agreement that, if ratified, would be effective through January 31, 2015. Full Story1
After "Potter," Warner Bros eyes magic from DC Comics
Tue,5 Jul 2011 11:45 AM PDT
Reuters -
photoLOS ANGELES (Reuters) - If only they could wave a magic wand, studio executives at Warner Bros. would make their "Harry Potter" film franchise last forever. But movie magic takes more than a whisk of a stick to conjure up.