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Jul 23, 2011

BLOOMBERG News, Jul 23, 2011

U.S. calls for more clarity on South China Sea claims
Fri,22 Jul 2011 10:26 PM PDT
Reuters -
photoNUSA DUA, Indonesia (Reuters) - The United States called on Saturday on rivals in the disputed South China Sea to back up territorial claims with legal evidence -- a challenge to China's declaration of sovereignty over vast stretches of the region.

Snapshot: Developments in debt talks
Fri,22 Jul 2011 10:04 PM PDT
Reuters - WASHINGTON (Reuters) - Here is what to expect on Saturday in negotiations to raise the U.S. government's $14.3 trillion debt limit by August 2 and avoid a credit default:Full Story

Obama seeks to salvage debt ceiling deal
Fri,22 Jul 2011 10:01 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama summoned top lawmakers to a Saturday meeting to try to salvage a deal on the government's borrowing limit from the wreckage of deficit talks whose collapse pushed the world's largest economy closer to a catastrophic default.

U.S. calls for more clarity on South China Sea claims
Fri,22 Jul 2011 09:22 PM PDT
Reuters - NUSA DUA, Indonesia (Reuters) - Secretary of State Hillary Clinton on Saturday calledon rivals in the disputed South China Sea to back up territorial claims with legal evidence -- a challenge to China's declaration of sovereignty over vast stretches of the region. Full Story

Sen. Reid won't agree to short budget deal: aide
Fri,22 Jul 2011 05:17 PM PDT
Reuters - WASHINGTON (Reuters) - Senate Majority Leader Harry Reid is not interested in negotiating a short-term deficit-reduction and debt limit extension deal and wants a long-term package, Reid spokesman Adam Jentleson told Reuters. Full Story

Court shoots down SEC shareholder election rule
Fri,22 Jul 2011 03:22 PM PDT
Reuters -
photoWASHINGTON (Reuters) - An appeals court has rejected a new Securities and Exchange Commission rule intended to make it easier for shareholders to nominate directors to corporate boards.

Republican Party makes big gains among whites
Fri,22 Jul 2011 01:41 PM PDT
Reuters - WASHINGTON (Reuters) - The Republican Party has made big gains among white voters, particularly younger and poorer ones, since Democrat Barack Obama was elected president in 2008, according to a survey released on Friday. Full Story

Leon Panetta says no "blank check" for Pentagon spending
Fri,22 Jul 2011 01:19 PM PDT
Reuters - WASHINGTON (Reuters) - Defense Secretary Leon Panetta pledged on Friday the Pentagon "will not break faith" with men and women in uniform as it deals with the challenge of cutting hundreds of billions of dollars in military spending. Full Story

U.S. delays final report on BP oil spill probe
Fri,22 Jul 2011 12:14 PM PDT
Reuters -
photoWASHINGTON (Reuters) - A U.S. team probing the causes of last year's massive BP oil spill has delayed the release of its final report in order to more fully weigh the evidence, investigators said on Friday.

Jon Huntsman plans more aggressive race
Fri,22 Jul 2011 12:13 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican Jon Huntsman plans a more aggressive approach on the 2012 campaign trail, boosting his profile and drawing sharper distinctions with rivals in an effort to enliven his sagging presidential bid.

Wall Street still gives big cash to Obama
Fri,22 Jul 2011 10:30 AM PDT
Reuters -
photoWASHINGTON (Reuters) - Despite howls of protests from many on Wall Street over some of President Barack Obama's policies, financial sector employees are giving at a greater rate to his re-election bid than during his last campaign.

Factbox: Top budgetary threats to state, local governments
Fri,22 Jul 2011 10:07 AM PDT
Reuters - WASHINGTON (Reuters) - The recession that began in 2007 created budget emergencies in most U.S. states and many cities and counties, casting a harsh spotlight on long-standing fiscal problems. Full Story

Pentagon and its supporters brace for deeper cuts
Thu,21 Jul 2011 10:01 PM PDT
Reuters - WASHINGTON (Reuters) - The Pentagon and its supporters are bracing for the likelihood of much deeper reductions in the U.S. military's budget, as budget negotiators now eye defense cuts of $800 billion or more over the next decade. Full Story

House passes bill aimed at new consumer agency
Thu,21 Jul 2011 06:44 PM PDT
Reuters - WASHINGTON (Reuters) - Republicans in the House of Representatives marked the anniversary of the 2010 financial oversight law on Thursday by passing legislation aimed at scaling back the powers of the new Consumer Financial Protection Bureau. Full Story

USTR says deal needed before sending trade pacts
Thu,21 Jul 2011 04:54 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama's administration on Thursday fended off Republican demands that it send three long-delayed free trade pacts to Congress for approval, saying it first needed more assurance that a retraining program for displaced workers will be extended. Full Story

White House insists debt deal to include revenues
Thu,21 Jul 2011 12:39 PM PDT
Reuters - WASHINGTON (Reuters) - The White House stressed on Thursday that President Barack Obama is seeking a deficit-cutting agreement that includes some added revenues alongside spending curbs in order to raise the debt ceiling. Full Story

Huntsman campaign manager quits 2012 White House bid
Thu,21 Jul 2011 12:02 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican presidential contender Jon Huntsman's campaign manager resigned Thursday in a blow to an election effort that has failed to catch fire.

Factbox: Texas Governor Rick Perry
Thu,21 Jul 2011 10:48 AM PDT
Reuters - (Reuters) - Texas Governor Rick Perry appears likely to make a 2012 Republican presidential run, and his candidacy could dramatically shake up the field. Full Story

Analysis: Perry candidacy would reshape 2012 race
Thu,21 Jul 2011 10:48 AM PDT
Reuters -
photoWASHINGTON (Reuters) - The likely entrance of Texas Governor Rick Perry in the 2012 Republican White House race promises to dramatically reshape the field, pushing aside lesser contenders and threatening early leader Mitt Romney.

White House sees momentum on debt deal, but "not close"
Thu,21 Jul 2011 10:37 AM PDT
Reuters - WASHINGTON (Reuters) - The White House said on Thursday it saw momentum for a "balanced" deficit deal, but it denied reports that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a pact. Full Story

White House sees momentum toward "balanced" debt deal
Thu,21 Jul 2011 10:20 AM PDT
Reuters - WASHINGTON (Reuters) - The White House said on Thursday there was momentum behind the idea of a balanced approach to a "significant agreement" on debt and deficits. Full Story

Snapshot: Developments in U.S. debt talks
Thu,21 Jul 2011 09:55 AM PDT
Reuters - WASHINGTON (Reuters) - Here is what's happening on Thursday in negotiations to raise the U.S. government's $14.3 trillion debt limit by August 2 and avoid a U.S. credit default: Full Story

Top Fed official got waiver on AIG holdings: GAO
Thu,21 Jul 2011 09:48 AM PDT
Reuters -
photoWASHINGTON (Reuters) - New York Federal Reserve Bank President William Dudley received a waiver allowing him to keep investments in firms the Fed was rescuing at the height of the financial crisis when he was a top staffer, a congressional watchdog agency found.

Republican enforcer of "no tax" pledge signals leeway
Thu,21 Jul 2011 08:12 AM PDT
Reuters - WASHINGTON (Reuters) - An influential conservative activist who has pushed Republican lawmakers to reject tax increases signaled some leeway on the issue Thursday, which a leading Democrat said may help lawmakers reach a deal to reduce the deficit and raise the U.S. debt limit. Full Story

CFTC should follow Congress on Dodd-Frank: Wetjen
Thu,21 Jul 2011 06:49 AM PDT
Reuters - WASHINGTON (Reuters) - Mark Wetjen, selected as a commissioner at the U.S. futures regulator, said the agency should follow the intent of Congress when writing nearly 50 rules to implement the sweeping Dodd-Frank legislation. Full Story

Mitt Romney says Obama's policies hurt economy
Thu,21 Jul 2011 06:24 AM PDT
Reuters -
photoLOS ANGELES (Reuters) - Republican presidential candidate Mitt Romney took aim at President Barack Obama's economic leadership on Wednesday, saying the Democrat's policies were hurting, not helping, the U.S. economy.

Obama says his "stewardship" to decide '12 election
Wed,20 Jul 2011 04:31 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama said on Wednesday that the deciding factor for voters next year in his re-election campaign will be their verdict on his track record, not the Republican running against him.

New poll carries warning signs for Obama in 2012
Wed,20 Jul 2011 04:28 PM PDT
Reuters -
photoWASHINGTON (Reuters) - A poll released on Wednesday carried warning signs for President Barack Obama's re-election chances in 2012.

Bachmann seeks to reassure voters over migraines
Wed,20 Jul 2011 03:53 PM PDT
Reuters -
photoWASHINGTON (Reuters) - Republican presidential candidate Michele Bachmann sought on Wednesday to reassure voters that her migraines are not debilitating, releasing a doctor's statement that said she is able to manage them.

Senator Kohl says AT&T deal should be blocked
Wed,20 Jul 2011 02:28 PM PDT
Reuters - WASHINGTON (Reuters) - Senator Herb Kohl, chairman of the U.S. Senate's antitrust subcommittee, urged the federal government to block AT&T's $39 billion plan to buy T-Mobile USA, a unit of Deutsche Telekom. Full Story

Analysis: Tough fight for Obama in 2012 in some key states
Wed,20 Jul 2011 12:41 PM PDT
Reuters -
photoWASHINGTON (Reuters) - President Barack Obama bucked decades-old electoral trends to win the White House in 2008, taking nine states that had supported Republican George W. Bush four years earlier.

photo(Reuters) - The White House and a number of congressional leaders are seeking to put elements of a new bipartisan deficit-cutting plan into what may be a last-ditch bid to avert a debt default.

Analysis: Tough fight for Obama in 2012 in some key states
Wed,20 Jul 2011 12:37 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama bucked decades-old electoral trends to win the White House in 2008, taking nine states that had supported Republican George W. Bush four years earlier. Full Story

Factbox: The "Gang of Six" deficit-reduction plan
Wed,20 Jul 2011 12:37 PM PDT
Reuters - (Reuters) - A group of senators has offered an ambitious budget plan that could help Congress find a way to raise the $14.3 trillion debt ceiling before an August 2 default.Full Story

Factbox: The "Gang of Six" deficit-reduction plan
Wed,20 Jul 2011 12:36 PM PDT
Reuters - (Reuters) - A group of U.S. senators has offered an ambitious budget plan that could help Congress find a way to raise the $14.3 trillion debt ceiling before an August 2 default. Full Story

Snapshot: Developments in debt talks
Wed,20 Jul 2011 12:27 PM PDT
Reuters - WASHINGTON (Reuters) - Here is the status on Wednesday in negotiations to raise the government's $14.3 trillion debt limit by August 2 and avoid a credit default. Full Story

Obama to meet House Republican leaders Wednesday: White House
Wed,20 Jul 2011 11:37 AM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama will meet with Republican House of Representatives leader John Boehner and House Republican number two Eric Cantor at 5 p.m. (2100 GMT) on Wednesday to discuss the ongoing deficit talks, the White House said. Full Story

Clinton takes "clean cookstove" drive to India
Wed,20 Jul 2011 10:52 AM PDT
Reuters -
photoCHENNAI, India (Reuters) - Secretary of State Hillary Clinton pushed one of her simplest but potentially most transformative diplomatic priorities in India on Wednesday: clean cooking stoves.

Factbox: Contractor case has stalled U.S.-Cuba rapprochement
Wed,20 Jul 2011 10:27 AM PDT
Reuters - (Reuters) - Cuba's Supreme Court will hear oral arguments on Friday on an appeal by jailed American aid contractor Alan Gross against his 15-year sentence for crimes against the Cuban state. Full Story

Deep pockets back presidential hopeful Perry
Wed,20 Jul 2011 08:54 AM PDT
Reuters -
photoWASHINGTON (Reuters) - If Texas Governor Rick Perry jumps into the Republican presidential contest, the crowded field will get a formidable fundraiser competing for millions of dollars up for grabs from on-the-fence donors.

CELEBRITIES This Week, Jul 23, 2011

Andrew Garfield calls Spider-Man a role for life
Fri,22 Jul 2011 10:18 PM PDT
Reuters -
photoSAN DIEGO (Reuters) - He may change his mind later, but right now Andrew Garfield says the role of comic book superhero Spider-Man in the upcoming reboot of the hit film franchise is a part that could last a lifetime.

Conan O'Brien unveils "The Flaming C"
Fri,22 Jul 2011 07:16 PM PDT
Reuters - SAN DIEGO (TheWrap) - The other members of Pale Force are going to be awfully jealous: Conan O'Brien unveiled his new superhero alter-ego during Warner Bros.' Comic-Con panel Friday for "Green Lantern: The Animated Series." Full Story

Paramount Pictures halts screenings in Venezuela
Fri,22 Jul 2011 06:05 PM PDT
Reuters - CARACAS (Reuters) - Paramount Pictures, a unit of Viacom Inc, said on Friday it was temporarily halting the screening of its new movies in Venezuela, but gave no details or explanation. Full Story

Sarajevo Film Festival awards jailed Iranian director
Fri,22 Jul 2011 06:03 PM PDT
Reuters - SARAJEVO (Reuters) - The Sarajevo Film Festival (SFF) opened late Friday honoring jailed Iranian film director Jafar Panahi whose directorial debut launched the first SFF 17 years ago in an act of defiance against the 1992-95 war. Full Story

William Shatner says success "eluded" him
Fri,22 Jul 2011 06:03 PM PDT
Reuters - SAN DIEGO (TheWrap) - William Shatner, the man who will forever be known as Capt. Kirk, and he of seemingly healthy ego, had a confession to make at Comic-Con: He doesn't consider himself a success. Full Story

Schwarzenegger's son injured in beach mishap
Fri,22 Jul 2011 05:38 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - The 13-year-old son of former California governor Arnold Schwarzenegger and his estranged wife, Maria Shriver, was injured in a beach accident days ago, leading to a "very scary week" for the family, they said in a statement on Friday.

Guy Pearce, Amy Ryan team up on new film
Fri,22 Jul 2011 05:37 PM PDT
Reuters - LOS ANGELES (TheWrap) - Indie director Drake Doremus has lined up some heavy weight talent for his next feature. Full Story

Sarajevo Film Festival awards jailed Iranian director
Fri,22 Jul 2011 05:32 PM PDT
Reuters -
photoSARAJEVO (Reuters) - The Sarajevo Film Festival (SFF) opened late on Friday honoring jailed Iranian film director Jafar Panahi whose directorial debut launched the first SFF 17 years ago in an act of defiance against the 1992-95 war.

"Torchwood" panelists talk leathers and fake accents
Fri,22 Jul 2011 04:10 PM PDT
Reuters - SAN DIEGO (TheWrap) - "Torchwood: Miracle Day" star John Barrowman said the series almost didn't return after its third installment -- but that he was insistent it should. Full Story

Stan Lee reveals details of new comic "Seekers"
Fri,22 Jul 2011 04:00 PM PDT
Reuters -
photoSAN DIEGO (Reuters) - Comic book legend Stan Lee on Friday revealed details of his new web-based, digital series "The Seekers," saying it is set in modern times on an Earth in danger of imminent destruction.

Spielberg plans return trip to "Jurassic Park"
Fri,22 Jul 2011 03:42 PM PDT
Reuters -
photoSAN DIEGO (Reuters) - Twenty years after his Velociraptors and T.rex ruled Jurassic Park, director Steven Spielberg says the maneaters are returning to a movie theater near you -- teeth sharpened, and not for the popcorn.

Schwarzenegger's son injured in beach mishap
Fri,22 Jul 2011 02:27 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - The 13-year-old son of former California governor Arnold Schwarzenegger and his estranged wife, Maria Shriver, was injured in a beach accident days ago, leading to a "very scary week" for the family, they said in a statement on Friday.

Viggo Mortensen at home in first Argentine film
Fri,22 Jul 2011 02:10 PM PDT
Reuters -
photoTIGRE, Argentina (Reuters) - Oscar-nominated actor Viggo Mortensen, best known as Aragorn in the "Lord of the Rings" films, says he never felt as comfortable as he does now while shooting his first Argentine film in the country where he was raised.

"Captain America" scores $4 million in midnight shows
Fri,22 Jul 2011 01:38 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - "Captain America: The First Avenger" racked up a solid $4 million in midnight screenings on Thursday night, according to studio estimates.

'Troll' remake underway with Harry Potter, Jr
Fri,22 Jul 2011 01:37 PM PDT
Reuters - LOS ANGELES (TheWrap) - Another "Harry Potter" movie is in the works but no, it's not a Warner Bros. picture and it's not the Hogwarts guy -- though it is a Harry Potter who uses magic powers to fight evil and save the world. Full Story

"Dredd" to lay down the law in September 2012
Fri,22 Jul 2011 01:34 PM PDT
Reuters - LOS ANGELES (TheWrap) - Not that moviegoers were panting for it, but Judge Dredd will return to theaters on September 21, 2012, Lionsgate announced on Thursday. Full Story

Pierce Brosnan to star in Stephen King mini-series
Fri,22 Jul 2011 01:33 PM PDT
Reuters - NEW YORK (TheWrap) - A&E announced it will start production next month on "Stephen King's Bag of Bones," a four-hour mini-series marking Pierce Brosnan's return to television. It will air in the fall or winter. Full Story

"Big Brother" top as CBS, Univision win the night
Fri,22 Jul 2011 01:32 PM PDT
Reuters - NEW YORK (TheWrap) - CBS's "Big Brother" was the highest-rated show on a repeat-heavy Thursday on which CBS and Univision were the most-watched networks, according to preliminary numbers. Full Story

David Hasselhoff swaps life with namesake for TV show
Fri,22 Jul 2011 01:13 PM PDT
Reuters -
photoLOS ANGELES (Reuters) - Everyone knows David Hasselhoff, right? The acting, singing former "Baywatch" star with a 30-year Hollywood career.

Timberlake, Seyfried talk "In Time" at Comic-Con
Fri,22 Jul 2011 01:05 PM PDT
Reuters -
photoSAN DIEGO (Reuters) - By now, most anyone who knows anything about Comic-Con International knows it has become a grand platform from which Hollywood's studios launch promotional campaigns for upcoming films and television shows.

Broadcast film critics to honor top blu-rays
Fri,22 Jul 2011 12:44 PM PDT
Reuters - LOS ANGELES (TheWrap) - The Broadcast Film Critics Association -- and its offshoots -- just can't stop giving out awards. Full Story

"Beavis and Butt-head" return in Comic-Con preview
Fri,22 Jul 2011 12:43 PM PDT
Reuters - NEW YORK (TheWrap) - Never fear "Beavis and Butt-head" fans: our always-snickering pal Beavis is still the Great Cornholio and he still needs T.P. for his bunghole.Full Story

"Curb Your Enthusiasm" returns to form on Sunday
Fri,22 Jul 2011 12:41 PM PDT
Reuters -
photoNEW YORK (TheWrap) - "Curb Your Enthusiasm" episodes always contain moments that would surely lead to substantial uproar if stripped entirely of context.

Katzenberg: the bloom is off the rose for 3D
Fri,22 Jul 2011 12:38 PM PDT
Reuters - ASPEN, Colo. (TheWrap) - Jeffrey Katzenberg may be the Billy Graham of 3D.Full Story

Serial killer Dexter finds religion at Comic-Con
Fri,22 Jul 2011 12:36 PM PDT
Reuters -
photoSAN DIEGO (TheWrap) - It sounds like everybody's favorite TV serial killer is about to get some old-time religion.

"Sarah's Key" looks at Holocaust's lasting impact
Fri,22 Jul 2011 11:24 AM PDT
Reuters -
photoLOS ANGELES (Reuters) - Seven decades have passed since French police arrested thousands of Parisian Jews and sent them to death camps in an incident known as the Vel' d'Hiv roundup, but for some, the guilt still lingers.

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.

Russian ballet goes "boneless" with modern upgrade
Fri,22 Jul 2011 07:59 AM PDT
Reuters - MOSCOW (Reuters) - Russia's famed Bolshoi Theater got a modern British upgrade on Thursday evening with the premiere of a one-act ballet that tries to capture fluidity on the stage. Full Story

photoLONDON (Reuters) - A leading private investigations firm said it had strong reason to suspect that Will Lewis, a senior executive of Rupert Murdoch's News Corporation, was involved in "orchestrating" a leak of material from a competing news organization which helped Murdoch's business interests.

Harry Potter films cross $7 billion box office mark
Fri,22 Jul 2011 05:18 AM PDT
Reuters -
photoLONDON (Reuters) - The eight Harry Potter movies have earned more than $7 billion at the box office, Warner Bros said, cementing their place as the biggest grossing series ever.

Russian ballet goes "boneless" with modern upgrade
Fri,22 Jul 2011 05:17 AM PDT
Reuters - MOSCOW (Reuters) - Russia's famed Bolshoi Theater got a modern British upgrade on Thursday evening with the premiere of a one-act ballet that tries to capture fluidity on the stage. Full Story

"Game of Thrones" gang wows at Comic-Con
Thu,21 Jul 2011 07:21 PM PDT
Reuters - SAN DIEGO (TheWrap) - Burly, jovial fantasy author George R.R. Martin shared a love feast Thursday afternoon in Comic-Con's Ballroom 20 with fans of the HBO favorite "Game of Thrones" at the annual gathering Martin described as "the geek capital of the world." Full Story

Can "Captain America" save the summer of the super hero?
Thu,21 Jul 2011 07:14 PM PDT
Reuters -
photoLOS ANGELES (TheWrap) - Closing out the Summer of the Lesser-Known Super Hero, Paramount and Marvel will debut "Captain America: The First Avenger" in 3,715 theaters this weekend.

"Glee's" Darren Criss may take over 'How to Succeed'
Thu,21 Jul 2011 06:46 PM PDT
Reuters - LOS ANGELES (TheWrap) - "Glee" star Darren Criss is in talks to take Daniel Radcliffe's place in the Broadway reproduction of "How to Succeed in Business Without Really Trying" in January, TheWrap has learned. Full Story

"Storage Wars" most popular series in A&E history
Thu,21 Jul 2011 06:46 PM PDT
Reuters - NEW YORK (TheWrap) - "Storage Wars," a reality show about the good men and women who speculate on loot acquired when California storage lockers go into rental default, scored the highest ratings for an episode of a series in A&E history on Wednesday. Full Story

RealD and Cinemark to roll out 1,500 3D screens
Thu,21 Jul 2011 06:17 PM PDT
Reuters - LOS ANGELES (TheWrap) - RealD and Cinemark are partnering to roll out up to 1,500 additional 3D screens across North America and Latin America, the companies announced Thursday. Full Story

Schwarzenegger does not want to pay spousal support
Thu,21 Jul 2011 06:16 PM PDT
Reuters - LOS ANGELES (TheWrap) - Arnold Schwarzenegger won't be winning any husband of the year awards. Full Story

Blockbuster, with new owner, to keep open most stores
Thu,21 Jul 2011 06:10 PM PDT
Reuters - NEW YORK (Reuters) - Dish Network Corp plans to keep open more than 90 percent of the Blockbuster stores it acquired in its $320 million deal for the video rental chain. Full Story

"Man of Steel" release date pushed back
Thu,21 Jul 2011 05:20 PM PDT
Reuters - LOS ANGELES (TheWrap) - Warner Brothers is pushing back the release of its Superman reboot "Man of Steel," the studio announced on Thursday. Full Story

Screen Media acquires Joshua Leonard's "The Lie"
Thu,21 Jul 2011 05:20 PM PDT
Reuters - LOS ANGELES (TheWrap) - Screen Media has acquired U.S. distribution rights to "The Lie," a dark comedy directed by, written by and starring Joshua Leonard, the company announced Thursday. Full Story