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| Wall St. commodity trade in spotlight at Senate hearing Tuesday, Jul 23, 2013 11:10 AM PDT  WASHINGTON/NEW YORK (Reuters) - Wall Street's multibillion-dollar commodity trading operations came under the political spotlight on Tuesday as a powerful Senate committee questioned whether commercial banks should control oil pipelines, power plants and metals warehouses. ... Full Story | Top |
| House Republicans mull citizenship for children of illegal immigrants Tuesday, Jul 23, 2013 11:11 AM PDT  By Rachelle Younglai and Richard Cowan WASHINGTON (Reuters) - Republicans in the House of Representatives on Tuesday will consider granting citizenship to the children of illegal immigrants, marking their first step toward dealing with the millions of undocumented foreigners living in the United States. Under pressure from members of their own party, religious groups and Hispanics, House Republican leaders are bucking their traditional position of opposing citizenship for illegal immigrants. ... Full Story | Top |
| Ex-CIA official to address government-wary hackers Tuesday, Jul 23, 2013 11:36 AM PDT  By Jim Finkle BOSTON (Reuters) - A former CIA official and a retired Air Force general will address next week's Def Con hacking convention, which for the first time asked federal officials to steer clear because of anger over alleged government spying. Joseph DeTrani, a long-time CIA official who served as a U.S. envoy in talks with North Korea regarding its nuclear activities, will open the hackers' conference on August 2 with a speech about weapons of mass destruction and cyber technology. Former Air Force General Robert Elder, who created one of the U.S. ... Full Story | Top |
| In switch, U.S. military offers to share airwaves with industry Tuesday, Jul 23, 2013 12:12 PM PDT  By Alina Selyukh (Reuters) - The U.S. Defense Department is proposing to share some of its radio airwaves with the private sector, a nod to growing pressure from the wireless industry and the Obama administration that federal agencies ease their control of valuable spectrum. In a letter released by the Federal Communications Commission on Tuesday, the Department of Defense offers to share the airwaves it now dominates in the slice of frequencies from 1755 megahertz (MHz) to 1780 MHz with spectrum-hungry wireless and Internet companies. ... Full Story | Top |
| Rocket attack in Libyan capital near tower housing embassies Tuesday, Jul 23, 2013 11:16 AM PDT By Marie-Louise Gumuchian TRIPOLI (Reuters) - A rocket-propelled grenade struck a residential building near a tower housing several foreign embassies and a major hotel in the Libyan capital on Tuesday, witnesses and a security source said. There were no reported injuries in the incident in which a balcony of a residential block was charred and holed, a Reuters reporter on the scene said. A security source said the rocket was launched from car which burst into flames. ... Full Story | Top |
| Syria opposition gets U.N. meeting, rebel chief won't attend Tuesday, Jul 23, 2013 11:53 AM PDT  By Louis Charbonneau UNITED NATIONS (Reuters) - The U.N. Security Council will hold an informal meeting with members of the opposition Syrian National Coalition this week, Britain's U.N. envoy said on Tuesday, but the chief rebel commander will not attend due to the situation inside Syria. The meeting will take place on Friday and include political and military representatives of the Syrian opposition, British Ambassador Mark Lyall Grant said in a statement. Saudi-backed tribal leader Ahmed al-Jarba, the new president of the coalition, will lead the delegation, he said. ... Full Story | Top |
| Kate and William show off Britain's new prince Tuesday, Jul 23, 2013 12:43 PM PDT  By Michael Holden LONDON (Reuters) - Prince William and his wife Kate gave the world its first glimpse of their new baby on Tuesday when they left hospital with the boy who is third in line to the British throne. To huge cheers from well-wishers and hospital staff, the beaming couple waved and took turns to hold their son, wrapped tightly in a white blanket with only the top of his head visible. "We are still working on a name, so we will have that as soon as we can," William told reporters, adding that he could not be happier. "He's got her looks, thankfully. ... Full Story | Top |
| Witness bolsters SEC case against Fabrice Tourre Tuesday, Jul 23, 2013 11:31 AM PDT  By Nate Raymond NEW YORK (Reuters) - A key witness in the fraud trial of former Goldman Sachs trader Fabrice Tourre said Tuesday she believed hedge fund Paulson & Co Inc planned to invest in a 2007 mortgage deal at the center of the trial. The testimony of Laura Schwartz, a former managing director at ACA Capital Holdings Inc, is central to the U.S. Securities and Exchange Commission's case that Tourre misled investors in the deal, known as Abacus 2007-AC1. ... Full Story | Top |
| At least nine die in Cairo violence, two killed in Sinai Tuesday, Jul 23, 2013 11:52 AM PDT By Asma Alsharif and Tom Perry CAIRO (Reuters) - Nine people were killed in Cairo on Tuesday in clashes between opponents and Islamist supporters of Egypt's deposed President Mohamed Mursi, state-run media reported, keeping the most populous Arab nation in turmoil. The violence broke out before dawn near a Brotherhood protest at Cairo University, where Mursi supporters have been camped out since the army removed the Islamist politician from power on July 3 following protests against his rule. The Brotherhood described it as an attack on peaceful protesters. ... Full Story | Top |
| Lockheed hopes for next Pentagon deal on F-35 jets soon Tuesday, Jul 23, 2013 10:50 AM PDT  By Andrea Shalal-Esa WASHINGTON (Reuters) - Lockheed Martin Co is making "good progress" in negotiations with the Pentagon about the next two batches of F-35 fighter jets and hopes to reach agreement soon, Chief Executive Marillyn Hewson said on Tuesday. Lockheed is building three models of the F-35 for the U.S. military and eight international partner countries: Britain, Australia, Canada, Norway, Turkey, Italy, Denmark and the Netherlands. Israel and Japan have also ordered the jet. ... Full Story | Top |
| Analysis: Argentina shows new pragmatism with Chevron deal Tuesday, Jul 23, 2013 11:03 AM PDT  By Karina Grazina BUENOS AIRES (Reuters) - After years of nationalist rhetoric and protectionist policies, Argentina is seeking to lure foreign investment to its Vaca Muerta shale oil and gas field in an bid to jumpstart the country's energy sector and reverse a decline in output. Just a year after stunning the market by seizing the country's biggest energy company, YPF, the government eased regulations to sign a $1.24 billion production contract with U.S.-based Chevron Corp. ... Full Story | Top |
| First U.S. citizen detained as China pharma probe spreads Tuesday, Jul 23, 2013 08:15 AM PDT  By Michael Martina BEIJING (Reuters) - The first U.S. citizen has been detained in China in connection with probes sparked by an unfolding corruption scandal in the drugs industry, as China widens the range of international firms and staff under the spotlight. Police have also questioned two further Chinese employees from drug maker AstraZeneca in Shanghai, after a local sales representative was taken away for questioning earlier. And China's health ministry said 39 hospital staff would be punished for taking bribes from drug companies. The unnamed American is the first U.S. ... Full Story | Top |
| Swisscom CEO found dead in apparent suicide: police Tuesday, Jul 23, 2013 10:15 AM PDT  ZURICH (Reuters) - Swisscom's chief executive Carsten Schloter was found dead at his home near Freiburg on Tuesday morning and initial investigations suggest that he killed himself, police said. The Swiss telecoms group said that out of consideration for his family no further details were being disclosed. The head of Swisscom's domestic operations, Urs Schaeppi, would take over running the company temporarily. "We can confirm that the first elements of the investigation make us think it was a suicide. ... Full Story | Top |
| Senate plan would keep aid to Egypt, with conditions Tuesday, Jul 23, 2013 10:24 AM PDT  By Patricia Zengerle WASHINGTON (Reuters) - The U.S. Senate panel in charge of foreign aid proposed on Tuesday that funds sent to Egypt be kept at current levels, but that military aid be divided into four parts and conditions set on it, including that the Cairo government hold a democratic election. The Senate State and Foreign Operations Appropriations Subcommittee approved the $1. ... Full Story | Top |
| Russia's business amnesty kicks off with a handful freed Tuesday, Jul 23, 2013 09:34 AM PDT  MOSCOW (Reuters) - An amnesty for Russia's jailed entrepreneurs, ordered by President Vladimir Putin, has begun with 13 people freed so far, the country's business ombudsman said on Tuesday. The amnesty was originally proposed by ombudsman Boris Titov last year and signed into law earlier in July as an attempt to correct failures in Russia's legal system, which has often seen entrepreneurs jailed on trumped-up charges. ... Full Story | Top |
| Lawmaker seeks tough rules on Japan autos in trade pact talks Tuesday, Jul 23, 2013 08:43 AM PDT  WASHINGTON (Reuters) - A senior lawmaker on Wednesday urged the Obama administration to push for tough trade rules on Japan autos in a proposed free-trade agreement in the Asia-Pacific region. Representative Sander Levin, the top Democrat on the House of Representatives' Ways and Means Committee, said the United States needed a three-decade phase out of its 2.5 percent tariff on cars and 25 percent tariff on trucks to ensure that Japan really opens its own market to U.S. autos. He also said the U.S. needed enforceable rules against currency manipulation. ... Full Story | Top |
| Al Qaeda says it freed 500 inmates in Iraq jail-break Tuesday, Jul 23, 2013 08:20 AM PDT  By Suadad al-Salhy BAGHDAD (Reuters) - Al Qaeda claimed responsibility on Tuesday for simultaneous raids on two Iraqi prisons and said more than 500 inmates had been set free in the operation, one of its most brazen in Iraq. The Islamic State of Iraq and the Levant, formed earlier this year through a merger of al Qaeda's affiliates in Syria and Iraq, said it had stormed Baghdad's Abu Ghraib jail and another, some 20 km (12 miles) north of capital, after months of preparation. ... Full Story | Top |
| Cisco to buy Sourcefire, more network security deals seen Tuesday, Jul 23, 2013 12:33 PM PDT  By Nicola Leske (Reuters) - Cisco Systems Inc said on Tuesday it plans to purchase cybersecurity company Sourcefire Inc for $2.7 billion, a deal that analysts say should spark more acquisitions in the industry as large vendors seek to profit from growing demand for IT security. Cisco, which has been seeking targets to boost its network security business, said it will pay $76 per share in cash for Sourcefire, a premium of 28.6 percent over its closing price on Monday of $59.08. "We looked broadly at all the major players ... ... Full Story | Top |
| Vivendi kicks off wider revamp with Maroc sale deal Tuesday, Jul 23, 2013 07:40 AM PDT  By Christian Plumb and Dinesh Nair PARIS/DUBAI (Reuters) - Vivendi SA's long-flagged deal to sell its controlling stake in Maroc Telecom to Abu Dhabi-based Etisalat is just the first step in the French conglomerate's bet that it can remake itself as a media-focused company. Vivendi said on Tuesday it had entered into exclusive talks to sell its majority stake in Maroc Telecom to Etisalat for 4.2 billion euros ($5.54 billion) in cash. ... Full Story | Top |
| EU extends duties in Chinese imports of ironing boards Tuesday, Jul 23, 2013 06:51 AM PDT  BRUSSELS (Reuters) - The European Union has renewed anti-dumping duties on ironing boards imported from China for a further five years, but lifted corresponding tariffs on the product from Ukraine. The extension, announced on Tuesday, follows an appeal by three EU iron board makers against the potential ending of measures taken in 2007. They contended that Chinese producers in particular would resume dumping, selling at below cost or fair market price. The EU market for ironing boards is worth around 100 million euros ($131. ... Full Story | Top |
| Iran condemns EU's blacklisting of Hezbollah Tuesday, Jul 23, 2013 06:45 AM PDT  DUBAI (Reuters) - Iran condemned on Tuesday the European Union's decision to put the armed wing of Lebanese militant group Hezbollah on its terrorism blacklist and said the move was "contrary to all political and legal norms, surprising and unacceptable". Hezbollah was set up with the help of Iranian funds and military advisers some three decades ago and, along with Syria, is still Tehran's most important ally in the region, positioned as it is on the "frontline" with Iran's sworn enemy Israel. ... Full Story | Top |
| Myanmar frees 73 political prisoners: government committee member Tuesday, Jul 23, 2013 03:25 AM PDT  By Aung Hla Tun YANGON (Reuters) - Myanmar's government is releasing another 73 political prisoners and more could be freed in coming months to honor a commitment made by the president during a recent trip to Europe, a member of a government body looking into the process said on Tuesday. President Thein Sein, a former general now heading a quasi-civilian government, has pushed through a series of political and economic reforms since a military government stepped aside in 2011. ... Full Story | Top |
| Exclusive: U.S. congressional hurdles lifted on arming Syrian rebels Monday, Jul 22, 2013 06:02 PM PDT  By Tabassum Zakaria and Susan Cornwell WASHINGTON (Reuters) - President Barack Obama will move forward with a plan for the United States to arm the struggling Syrian rebels after some congressional concerns were eased, officials said on Monday. "We believe we are in a position that the administration can move forward," House of Representatives Intelligence Committee Chairman Mike Rogers told Reuters. The White House announced in June that it would offer military aid to vetted groups of Syrian rebels after two years of balking at directly sending arms to the opposition. ... Full Story | Top |
| Detroit bankruptcy case heads to Wednesday hearing on challenges Tuesday, Jul 23, 2013 03:14 AM PDT  By Bernie Woodall DETROIT (Reuters) - Labor unions trying to stop Detroit from cutting pensions filed a new challenge to the city in bankruptcy court as the federal judge overseeing the case said he would hear arguments on Wednesday. U.S. Bankruptcy Court Judge Steven Rhodes agreed on Monday to a request by Detroit Emergency Manager Kevyn Orr to fast track a hearing on whether other courts can hear lawsuits against Detroit, while it seeks federal bankruptcy court protection. ... Full Story | Top |
| NY LaGuardia Airport runway reopens after rough Southwest landing Tuesday, Jul 23, 2013 05:26 AM PDT  By Jonathan Allen NEW YORK (Reuters) - A runway at New York City's LaGuardia Airport, shut after a landing gear on a Southwest Airlines jet collapsed on touchdown Monday evening, was reopened Tuesday morning, an airport spokesman said. Eight people, including three crew members, suffered minor injuries after the incident, Southwest said. Flight delays of up to an hour were expected for the rest of the morning, said Steve Coleman, a spokesman for the Port Authority of New York and New Jersey, which runs the area's airports. ... Full Story | Top |
| Al Qaeda militants flee Iraq jail in violent mass break-out Tuesday, Jul 23, 2013 03:51 AM PDT  By Kareem Raheem and Ziad al-Sinjary BAGHDAD/MOSUL, Iraq (Reuters) - Hundreds of convicts, including senior members of al Qaeda, broke out of Iraq's Abu Ghraib jail as comrades launched a military-style assault to free them, authorities said on Monday. The deadly raid on the high-security jail happened as Sunni Muslim militants are gaining momentum in their insurgency against the Shi'ite-led government that came to power after the U.S. invasion to oust Saddam Hussein. ... Full Story | Top |
| Third Point to sell most of Yahoo stake, Loeb to quit board Monday, Jul 22, 2013 05:24 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Activist hedge fund Third Point LLC reached an agreement to sell two-thirds of its stake in Yahoo Inc back to the company, pocketing a tidy profit and relinquishing three seats on the board of a company trying to effect a tricky turnaround. Third Point's decision to sell a chunk of its single largest corporate holding comes as the struggling Internet company's stock fell over 4 percent on Monday after having surged more than 80 percent during the past 12 months, due largely to aggressive share buybacks and the value of Yahoo's Asian assets. ... Full Story | Top |
| Senators cancel immigration meeting with lobbyists amid backlash Monday, Jul 22, 2013 05:33 PM PDT  By Rachelle Younglai and Caren Bohan WASHINGTON (Reuters) - Architects of the Senate's immigration bill on Monday canceled a meeting that had been planned with business groups and other supporters to try to rally momentum for the legislation, in a sign of how difficult it will be to enact the reforms. Democratic Senator Chuck Schumer, Republican Senator John McCain and other members of the "Gang of Eight" that shepherded a sweeping immigration bill through the Senate want to enlist business, labor and religious groups to help persuade members of the House of Representatives to back reform. ... Full Story | Top |
| Netflix shares slip as subscriber numbers lag investor dreams Tuesday, Jul 23, 2013 12:05 PM PDT  (Reuters) - Netflix Inc stock is set to open around 4 percent lower after the online entertainment company reported less-than-expected quarterly subscriber growth, undermining investor hopes for a dream run from its own programs. The shares have almost tripled this year, making it the biggest gainer on the S&P 500 Index, thanks to excitement about original online drama series including "Arrested Development" and political thriller "House of Cards". ... Full Story | Top |
| Bankrupt Detroit's downtown renaissance creates trickle of hope Monday, Jul 22, 2013 02:21 PM PDT  By Nick Carey and Paul Lienert DETROIT (Reuters) - Detroit's bankruptcy filing last Thursday - the largest in American municipal history - completed a six-decade slide for a one-time industrial powerhouse. Today the city bears an uncomfortable resemblance to a failed state: unable to light or police the streets, educate children, stop arson, or provide emergency care to the dying. There is, however, a mini-renaissance occurring in the downtown core. It is here that Detroit might just be carving out a new identity, this one driven not by cars but by computers. ... Full Story | Top |
| Exclusive: U.S. congressional hurdles lifted on arming Syrian rebels Monday, Jul 22, 2013 03:45 PM PDT By Tabassum Zakaria and Susan Cornwell WASHINGTON (Reuters) - President Barack Obama can go ahead with a plan for the United States to arm the struggling Syrian rebels after some congressional concerns were eased, a key Republican lawmaker said on Monday. "We believe we are in a position that the administration can move forward," House of Representatives Intelligence Committee Chairman Mike Rogers told Reuters. The White House announced in June that it would offer military aid to vetted groups of Syrian rebels after two years of balking at directly sending arms to the opposition. ... Full Story | Top |
| EU adds Hezbollah's military wing to terrorism list Monday, Jul 22, 2013 02:25 PM PDT  By Justyna Pawlak and Adrian Croft BRUSSELS (Reuters) - The European Union agreed on Monday to put the armed wing of Hezbollah on its terrorism blacklist, a move driven by concerns over the Lebanese militant group's involvement in a deadly bus bombing in Bulgaria and the Syrian war. The powerful Lebanese Shi'ite movement, an ally of Iran, has attracted concern in Europe and around the world in recent months for its role in sending thousands of fighters to support Syrian President Bashar al-Assad's forces, helping turn the tide of Syria's two-year-old civil war. ... Full Story | Top |
| Boy for Britain's Prince William and wife Kate Monday, Jul 22, 2013 03:32 PM PDT  By Michael Holden LONDON (Reuters) - Prince William's wife Kate gave birth to a boy on Monday, the couple's first child and the third in line to the British throne, heralding celebrations in London and messages of goodwill from across the world. "We could not be happier," Prince William said in a brief statement, after he witnessed the birth of his son at 4:24 p.m. (11:24 a.m. ET), an event that sparked an international media frenzy and the illumination of London landmarks in blue. His office said Kate and the baby, weighing 8 lbs 6 oz (3. ... Full Story | Top |
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