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Aug 8, 2011

SPORTS News, Aug 08, 2011

Brilliant Santana helps Angels sink Mariners
Sun,7 Aug 2011 09:45 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - Ervin Santana maintained his brilliant form on the mound with a third straight pitching gem to lead the Los Angeles Angels past the Seattle Mariners 2-1 on Sunday.

Reyes, Murphy hurt in Mets' season of injuries
Sun,7 Aug 2011 08:43 PM PDT
Reuters -
photoNEW YORK (Reuters) The New York Mets will place infielder Daniel Murphy on the disabled list and could be without All Star Jose Reyes after both players were injured on Sunday, continuing a season of hard-luck injuries for the team.

Piercy survives shaky finish to win Reno-Tahoe
Sun,7 Aug 2011 07:22 PM PDT
Reuters -
photoRENO, Nevada (Reuters) - Scott Piercy survived a tense final round to capture the Reno-Tahoe Open by a single stroke on Sunday and earn his first career victory.

Golf-Piercy survives shaky finish to win Reno-Tahoe
Sun,7 Aug 2011 07:15 PM PDT
Reuters - RENO, Nevada, Aug 7 (Reuters) - Scott Piercy survived a tense final round to capture the Reno-Tahoe Open by a single stroke on Sunday and earn his first career victory.Full Story

Golf-Reno-Tahoe Open final round scores
Sun,7 Aug 2011 07:12 PM PDT
Reuters - Aug 7 (Reuters) - Leading final round scores from the U.S. PGA Tour 's Reno-Tahoe Open on Sunday in Reno, Nevada (par-72; U.S. unless stated) 273 Scott Piercy 72 70 61 70 274 Pat Perez 73 68 65 68 275 Steve Flesch 68 69 70 68 Full Story

Golf-Firestone triumph could set Scott up for major breakthrough
Sun,7 Aug 2011 07:07 PM PDT
Reuters - AKRON, Ohio, Aug 7 (Reuters) - A glaring gap on Adam Scott's otherwise impressive resume has been the lack of a major title but his commanding victory at the WGC-Bridgestone Invitational on Sunday suggested that could soon change. Full Story

Radwanska upsets Zvonareva to win San Diego
Sun,7 Aug 2011 07:05 PM PDT
Reuters -
photoSAN DIEGO, California (Reuters) - Agnieszka Radwanska won the biggest hard court title of her career when she upset world number three Vera Zvonareva of Russia 6-3 6-4 to win the San Diego Open on Sunday.

Golf-Firestone finish gives Donald a major boost for Atlanta
Sun,7 Aug 2011 06:29 PM PDT
Reuters - AKRON, Ohio, Aug 7 (Reuters) - British world number one Luke Donald gave himself the perfect boost for next week's PGA Championship in Atlanta with a strong finish to the WGC-Bridgestone Invitational on Sunday. Full Story

Golf-'Bashful Prince' earns plaudits for bold Firestone display
Sun,7 Aug 2011 05:53 PM PDT
Reuters - AKRON, Ohio, Aug 7 (Reuters) - Japanese teenager Ryo Ishikawa ultimately fell short in his bid to become the PGA Tour's youngest winner in 100 years on Sunday but he earned plenty of new admirers with his gutsy display. Full Story

Golf-Winners of the WGC-Bridgestone Invitational
Sun,7 Aug 2011 05:18 PM PDT
Reuters - Aug 7 (Reuters) - Winners of the WGC-Bridgestone Invitational at Firestone Country Club in Akron, Ohio since the tournament was first held as the World Series of Golf in 1976 (U.S. ... Full Story

photoAKRON, Ohio (Reuters) - While Adam Scott celebrated the biggest victory of his career at the WGC-Bridgestone Invitational on Sunday, his caddie Steve Williams took a few verbal jabs at his former employer Tiger Woods.

Golf-Scott's caddie on a high after victory, takes aim at Tiger
Sun,7 Aug 2011 05:07 PM PDT
Reuters - AKRON, Ohio, Aug 7 (Reuters) - While Adam Scott celebrated the biggest victory of his career at the WGC-Bridgestone Invitational on Sunday, his caddie Steve Williams took a few verbal jabs at his former employer Tiger Woods. Full Story

Santana's brilliant run continues
Sun,7 Aug 2011 04:54 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - Ervin Santana showed why he may be the hottest pitcher in baseball after a third straight gem led the Los Angeles Angels past the Seattle Mariners 2-1 on Sunday.

Radwanksa upsets Zvonareva to win San Diego title
Sun,7 Aug 2011 04:29 PM PDT
Reuters -
photoSAN DIEGO (Reuters) - Agnieszka Radwanska won the biggest hard court title of her career when she upset world number three Vera Zvonareva 6-3 6-4 to win the San Diego Open on Sunday.

Scott holds off Ishikawa to seal Firestone win
Sun,7 Aug 2011 03:50 PM PDT
Reuters -
photoAKRON, Ohio (Reuters) - Australian Adam Scott held off a bold early challenge from Japanese teenager Ryo Ishikawa to clinch his eighth PGA Tour victory by four shots at the WGC-Bridgestone Invitational on Sunday.

BUSINESS News, Aug 08, 2011

World shares slide despite G7, ECB hopes boost euro
Sun,7 Aug 2011 11:38 PM PDT
Reuters -
photoSINGAPORE (Reuters) - Shares tumbled on Monday despite efforts by global policymakers to stem a collapse in investor confidence after S&P downgraded the U.S. credit rating, but the euro firmed on hopes the ECB will act to stop Europe's debt crisis from engulfing Italy and Spain.

G20 vows coordinated steps for fin stability: South Korea
Sun,7 Aug 2011 11:27 PM PDT
Reuters - SEOUL (Reuters) - Finance chiefs of the Group of 20 major economies affirmed their commitment to take all necessary coordinated steps to support financial stability and foster strong economic growth, said a joint statement released by South Korea on Monday.Full Story

SNB should defend franc target: Swiss experts
Sun,7 Aug 2011 11:17 PM PDT
Reuters - ZURICH (Reuters) - The Swiss National Bank will have to set an exchange rate target and intervene to defend it if it wants to stop the safe-haven franc soaring to new record highs amid mounting concerns about the world economy, Swiss experts said on Sunday.Full Story

Japan finmin says expects BOJ to keep supporting economy
Sun,7 Aug 2011 11:02 PM PDT
Reuters - TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Monday he expects the central bank to continue supporting the economy with an ultra-easy monetary policy. Full Story

Analysis: ECB fumbles between fire hose and sprinkler
Sun,7 Aug 2011 10:56 PM PDT
Reuters -
photoPARIS (Reuters) - The European Central Bank waved its big fire hose at blazing bond markets, then turned on a puny sprinkler.

AIG to sue BofA over mortgage bonds: report
Sun,7 Aug 2011 10:53 PM PDT
Reuters -
photo(Reuters) - U.S. insurance giant American International Group is planning to sue Bank of America to recover more than $10 billion in losses on $28 billion of investment in mortgage-backed securities, the New York Times said citing three people with knowledge of the complaint.

BlackRock looks to buy more U.S. mortgage agency debt
Sun,7 Aug 2011 09:30 PM PDT
Reuters - SINGAPORE (Reuters) - BlackRock, the world's largest money manager, is looking for opportunities to buy U.S. mortgage agency debt in the wake of Standard & Poor's downgrade of the U.S. sovereign rating, said Rick Rieder, the firm's chief investment officer of fixed income, fundamental portfolios. Full Story

Regulators send subpoenas to high-frequency traders: report
Sun,7 Aug 2011 08:35 PM PDT
Reuters - (Reuters) - The U.S. securities regulator has sent subpoenas to high-frequency trading firms in relation to last year's "flash crash" probe, the Wall Street Journal reported, citing people familiar with the matter. Full Story

Verizon unions strike after contract talks fail
Sun,7 Aug 2011 07:08 PM PDT
Reuters -
photoNEW YORK (Reuters) - Almost half the workers in Verizon Communications' wireline telecommunications business went on strike on Sunday as negotiations for a new labor contract failed.

G7 says committed to ensure liquidity, support markets
Sun,7 Aug 2011 05:42 PM PDT
Reuters - PARIS (Reuters) - The Group of Seven nations is committed to taking coordinated action to ensure liquidity and to support financial market functioning, financial stability and economic growth, G7 finance ministers and central bank governors said in a statement. Full Story

G7 says committed to ensure liquidity, support markets
Sun,7 Aug 2011 04:51 PM PDT
Reuters - PARIS (Reuters) - The Group of Seven nations is committed to taking coordinated action to ensure liquidity and to support financial market functioning, financial stability and economic growth, G7 finance ministers and central bank governors said in a statement. Full Story

China state paper says U.S. failings threaten global recovery
Sun,7 Aug 2011 04:46 PM PDT
Reuters - BEIJING (Reuters) - The United States and Europe must summon the political will to overcome their debt crises or global economic recovery will be threatened, China's top official newspaper said on Monday, amplifying Beijing's drum beat of warnings to the West.Full Story

U.S. stocks, oil, dollar fall on downgrade
Sun,7 Aug 2011 04:23 PM PDT
Reuters -
photoNEW YORK (Reuters) - U.S. assets fell sharply in early electronic trading on Sunday in response to a downgrade of the U.S. credit rating by Standard & Poor's, while the euro rose on expectations of further bond purchases by the European Central Bank to deal with the euro zone's debt crisis.

Euro zone must ensure financial stability: UK finmin
Sun,7 Aug 2011 04:21 PM PDT
Reuters - LONDON (Reuters) - The euro zone has to take all measures necessary to ensure financial stability, Britain's finance minister George Osborne said in an op-ed piece for the Daily Telegraph due for publication on Monday. Full Story

Debt issuers brace for impact from U.S. downgrade
Sun,7 Aug 2011 04:20 PM PDT
Reuters -
photoNEW YORK (Reuters) - A downgrade of United States' top-tier credit rating has Wall Street scrambling to figure out the knock-on effects for the financial system, from mortgages to banks to markets that rely on U.S. Treasuries for collateral.