Obama goes on offense over high gasoline prices Jeff Mason - Reuters - 31 minutes agoWASHINGTON (Reuters) - As Republican presidential candidates toss barbs at Barack Obama over expensive gasoline, the U.S. president and his team are going on the offensive … More »Obama goes on offense over high gasoline prices
WASHINGTON (Reuters) - As Republican presidential candidates toss barbs at Barack Obama over expensive gasoline, the U.S. president and his team are going on the offensive with a strategy to divert blame and prepare voters for higher costs. In subtle and not so subtle ways, Obama, a Democrat, is raising the issue of high …
U.S. threatens sanctions on Somali peace spoilers Adrian Croft and Arshad Mohammed - Reuters - 39 minutes agoLONDON (Reuters) - Secretary of State Hillary Clinton on Thursday threatened sanctions on anyone blocking reforms intended to end Somalia's "hopeless, bloody conflict" … More »U.S. threatens sanctions on Somali peace spoilers
LONDON (Reuters) - Secretary of State Hillary Clinton on Thursday threatened sanctions on anyone blocking reforms intended to end Somalia's "hopeless, bloody conflict" and counter militant and pirate groups seen as a growing menace to world security. Addressing a conference aimed at energizing attempts to end more than …
Europe's banks bleed from Greek debt crisis Steve Slater and Lionel Laurent - Reuters - 46 minutes agoLONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would … More »Europe's banks bleed from Greek debt crisis
LONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings. From France to Germany, Britain to Belgium, some of the region's biggest banks lined up to reveal billions of euros lost …
- Greek parliament backs debt swap law Reuters - 48 minutes ago
ATHENS (Reuters) - Greek parliament passed on Thursday legislation to launch a debt swap for private bondholders which is at the core of the 130- billion-euro bailout … More »Greek parliament backs debt swap law
ATHENS (Reuters) - Greek parliament passed on Thursday legislation to launch a debt swap for private bondholders which is at the core of the 130- billion-euro bailout agreed with euro zone partners this week. Under a common procedure of Greek parliament, acting parliament speaker Anastasios Kourakis said the law passed …
Wall Street opens flat after data Reuters - 45 minutes agoNEW YORK (Reuters) - Stocks opened little changed on Thursday after labor market data indicated that while the economy continued to recover, progress was slow. Movement … More »Wall Street opens flat after data
NEW YORK (Reuters) - Stocks opened little changed on Thursday after labor market data indicated that while the economy continued to recover, progress was slow. Movement could be limited as S&P 500 again faces a tough test in piercing the 1,360 level, a 10-month high seen as a key resistance point. The Dow Jones industrial …
News Corp to avoid trial after one hacking case settled Michael Holden - Reuters - 49 minutes agoLONDON (Reuters) - The British newspaper arm of Rupert Murdoch's News Corp empire will be spared a potentially embarrassing trial next week after singer Charlotte Church … More »News Corp to avoid trial after one hacking case settled
LONDON (Reuters) - The British newspaper arm of Rupert Murdoch's News Corp empire will be spared a potentially embarrassing trial next week after singer Charlotte Church agreed to a settlement over her claim against the company over the phone-hacking scandal. Earlier this month, News Group Newspapers, publisher of some …
Fed's Fisher says economy brighter, no need for QE3 Reuters - 50 minutes ago(Reuters) - Dallas Federal Reserve Bank President Richard Fisher said on Thursday U.S. economic conditions were improving and repeated his view that further easing from … More »Fed's Fisher says economy brighter, no need for QE3
(Reuters) - Dallas Federal Reserve Bank President Richard Fisher said on Thursday U.S. economic conditions were improving and repeated his view that further easing from the U.S. central bank was not needed. "The tone is a lot better. It's not brilliant; we don't have enough new hiring taking place, (but we're) definitely …
Sears quells fears about liquidity; shares soar Dhanya Skariachan - Reuters - 51 minutes ago(Reuters) - Sears Holdings Corp announced steps to reassure investors about its ability to pay down debt, sending its shares soaring 16 percent in early trading. The … More »Sears quells fears about liquidity; shares soar
(Reuters) - Sears Holdings Corp announced steps to reassure investors about its ability to pay down debt, sending its shares soaring 16 percent in early trading. The operator of Sears department stores and the Kmart discount chain said it intends to separate its Sears Hometown and Outlet businesses and certain hardware …
Target profit beats, Kohl's forecast disappoints Reuters - 1 hour 9 minutes ago(Reuters) - Target Corp posted a higher-than-expected quarterly profit despite a holiday season marked by heavy discounting, while Kohl's Corp , hit by shoppers' resistance … More »Target profit beats, Kohl's forecast disappoints
(Reuters) - Target Corp posted a higher-than-expected quarterly profit despite a holiday season marked by heavy discounting, while Kohl's Corp , hit by shoppers' resistance to higher prices, issued a 2012 profit that missed Wall Street forecasts. During what Target Chief Executive Gregg Steinhafel called "an intensely promotional …
- Prosecutor, Goldman overreached: programmer's lawyer Matthew Goldstein and Grant McCool - Reuters - 1 hour 14 minutes ago
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former … More »Prosecutor, Goldman overreached: programmer's lawyer
NEW YORK (Reuters) - Kevin Marino may be the lawyer of the moment, after persuading a U.S. appellate court panel last week to overturn the criminal conviction of a former Goldman Sachs Group computer programmer. The U.S. Court of Appeals moved with rare and unprecedented speed in reversing Sergey Aleynikov's conviction …
- Court says Apple can still sell iPads in Shanghai Jason Subler and Samuel Shen - Reuters - 1 hour 36 minutes ago
SHANGHAI (Reuters) - A Shanghai court has rejected a request in a trademark case to stop Apple selling its iPad tablet computers in the city, averting an embarrassing suspension of iPad sales in its own flagship stores. The Shanghai Pudong New Area People's Court denied a request by Proview Technology (Shenzhen) for the …
- Analysis: Can U.S. economy withstand gasoline price curse? Lucia Mutikani - Reuters - 2 hours 16 minutes ago
WASHINGTON (Reuters) - Could history repeat itself? That is a question uppermost in the minds of many Americans as they warily watch gasoline prices at the pump rise week after week. After all, a spike in gasoline prices early last year helped nearly knock the economy back into recession. The answer, economists say, is …
- BP, Anadarko liable for U.S. spill damages Jonathan Stempel - Reuters - 2 hours 16 minutes ago
(Reuters) - BP Plc and Anadarko Petroleum Corp are liable for civil damages under federal pollution laws over the 2010 Gulf of Mexico oil spill, a U.S. judge ruled, exposing them to billions of dollars in potential fines. Wednesday's decision by U.S. District Judge Carl Barbier in New Orleans allows the U.S. government …
- Syrian tanks attack in Homs, world outrage grows Khaled Yacoub Oweis and Alistair Lyon - Reuters - 2 hours 7 minutes ago
AMMAN/BEIRUT (Reuters) - Syrian tanks pushed into a rebel stronghold in the battered city of Homs on Thursday and U.N. investigators accused President Bashar al-Assad's government of crimes against humanity. Rockets, shells and mortar rounds rained on the Baba Amro district, where armed insurgents are holed up with terrified …
- UK airport's Olympic training goal is royal service Peter Myers - Reuters - 2 hours 4 minutes ago
LONDON (Reuters) - The head concierge of a London hotel long-favored by Britain's royal family has been giving staff at Gatwick airport some tips on the finer arts of customer service ahead of this summer's Olympics. John Andrews from the 100-year-old Goring Hotel has been called in as the airport readies for one of its …
- White House unveils plan to protect online privacy Jasmin Melvin - Reuters - 2 hours 8 minutes ago
WASHINGTON (Reuters) - The White House on Thursday proposed a "bill of rights" that would give consumers greater online privacy protection and could eventually give the government greater powers to police Internet firms such as Google Inc and Facebook. While the privacy bill of rights does not impose any immediate new obligations …
- HP shares fall on sharp profit decline Reuters - 2 hours 28 minutes ago
(Reuters) - Shares of Hewlett-Packard Co were down 2 percent in premarket trading on Thursday after the world's No. 1 computer maker posted a sharp decline in quarterly earnings and warned it would take several years to turn around its sprawling businesses. The storied Silicon Valley company, which has been trying to move …
- India's Tata Comms seeks brand boost via F1 Keith Weir - Reuters - 2 hours 42 minutes ago
LONDON (Reuters) - India's Tata Communications, seeking to raise its profile around the globe, unveiled a technology partnership with Formula One motor racing on Thursday, a further sign of the sport's growing appeal in emerging markets. Tata Communications will use its undersea cable and its IT networks to transmit data …
- Burned before, Fed officials cautious on rebound Pedro Nicolaci da Costa - Reuters - 2 hours 45 minutes ago
WASHINGTON (Reuters) - U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before. Despite stronger employment data and hints of firmer inflation, Federal Reserve policymakers are not ruling out another round of monetary easing in …
- Liberty Global mulls bid for Ziggo: paper Reuters - 2 hours 47 minutes ago
AMSTERDAM (Reuters) - U.S. cable group Liberty Global is considering a bid for Dutch cable firm Ziggo, estimated to be worth 8 billion euros ($10.6 billion) and which is planning a stock listing, Dutch daily De Telegraaf reported on Thursday without citing sources. Liberty Global, which owns Dutch cable firm UPC and is …
WASHINGTON (Reuters) - New claims for unemployment benefits were unchanged last week, … More »Jobless claims hold steady at 4-year …