Wednesday, February 25, 2009

2/25 Reuters: Top News

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Iran says no slowdown in its nuclear work
February 25, 2009 at 8:46 am

BUSHEHR, Iran (Reuters) - Iran has not slowed down its nuclear work and plans to install 50,000 centrifuges used to enrich uranium over the next five years, a senior Iranian nuclear official said on Wednesday.

Netanyahu turns to the right to form Israel coalition
February 25, 2009 at 8:35 am

JERUSALEM (Reuters) - Benjamin Netanyahu's hawkish Likud party launched talks on Wednesday with right-wing parties on forming Israel's next government after he failed in initial efforts to enlist his main centrist rival in a broad coalition.

Holocaust-denying bishop returns to UK
February 25, 2009 at 8:29 am

LONDON (Reuters) - Britain should not provide a "safe haven" for a Roman Catholic Bishop who has caused tension between the Vatican and Jews by denying the scale of the Holocaust, a leading Holocaust remembrance group said on Wednesday.

Turkish airliner crashes at Amsterdam airport, 9 dead
February 25, 2009 at 8:27 am

AMSTERDAM (Reuters) - A Turkish Airlines passenger plane with 135 people aboard crashed in light fog while trying to land at Amsterdam's Schiphol airport on Wednesday, killing nine, a local official said.

WTO urges G20 to uphold pledge to fight protectionism
February 25, 2009 at 7:34 am

TOKYO (Reuters) - Leaders of the G20 developed and emerging countries should not backtrack on their agreement last year to fight protectionism when they meet in London in April, the head of the World Trade Organization said on Wednesday.

Uzbeks, Turkmens agree to NATO Afghan transit
February 25, 2009 at 6:29 am

ALMATY (Reuters) - Uzbekistan and Turkmenistan have both agreed to allow NATO non-military cargo to transit through their territories en route to Afghanistan, Russia's Interfax news agency reported on Wednesday.

North Korean leader Kim near missile site: report
February 25, 2009 at 6:01 am

SEOUL (Reuters) - North Korean leader Kim Jong-il has been touring the province where the country has been preparing for a rocket launch, the North's media said on Wednesday, in what a South Korean daily said could be a precursor of a launch.

Republican Jindal says Americans will solve U.S. problems
February 25, 2009 at 4:41 am

WASHINGTON (Reuters) - Louisiana Governor Bobby Jindal, a rising star of the Republican party, on Tuesday said the answer to America's problems lay in its citizens and not in big government.

Obama: U.S. to survive economic "day of reckoning"
February 25, 2009 at 1:21 am

WASHINGTON (Reuters) - President Barack Obama sought to strike a delicate balance between hope and reality on Tuesday to reassure Americans mired in economic crisis that they would survive a "day of reckoning."

Union leaders urge vote for Ford agreement
February 24, 2009 at 9:58 pm

DETROIT (Reuters) - United Auto Workers union leaders urged members on Tuesday to approve a concessionary deal with Ford Motor Co, stepping up the pressure on General Motors Corp and Chrysler to reach similar cost-cutting labor agreements in coming weeks.

Bernanke says recession to linger but banks will survive
February 24, 2009 at 7:11 pm

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday the "severe" U.S. recession could drag into next year, but said banks should be able to weather the downturn without being nationalized, cheering markets.

Obama leaning toward 19 months on Iraq withdrawal
February 24, 2009 at 6:12 pm

WASHINGTON (Reuters) - President Barack Obama is likely to decide to withdraw U.S. combat troops from Iraq over a period of about 19 months with a formal announcement expected by the end of the week, officials said on Tuesday.

Obama to tap Locke for Commerce nominee
February 24, 2009 at 5:49 pm

WASHINGTON (Reuters) - U.S. President Barack Obama will make another effort on Wednesday to fill the post of commerce secretary, nominating former Washington state Governor Gary Locke after his first two picks pulled out.

Sen. Burris says will not resign: Sen. Durbin
February 24, 2009 at 5:34 pm

WASHINGTON (Reuters) - U.S. Senator Roland Burris, under pressure to resign after only five weeks in office, told a leading fellow Democrat he has no intention of leaving despite a raging controversy over his appointment to fill the vacancy left by President Barack Obama.

Stanford workers had ties to regulator FINRA
February 24, 2009 at 5:08 pm

HOUSTON (Reuters) - Two employees of Allen Stanford's financial business, which U.S. regulators have accused of massive fraud, held advisory roles at a watchdog group overseeing U.S. broker-dealers aimed at preventing abuses.

Botched launch ends U.S. satellite's mission
February 24, 2009 at 4:26 pm

CAPE CANAVERAL, Florida (Reuters) - The U.S. government's first attempt to map carbon dioxide in Earth's atmosphere from space ended early on Tuesday after a botched satellite launch from California, officials said.

U.S. home prices fall at record pace, consumers fret
February 24, 2009 at 11:03 am

NEW YORK (Reuters) - U.S. home prices plunged at a record pace in December, data showed on Tuesday, while consumer confidence also hit a record low in February as Americans feared an already deep recession was likely to get even worse.

Stanford had links to fund run by Bidens: report
February 24, 2009 at 11:01 am

(Reuters) - A fund of hedge funds run by two members of Vice President Joe Biden's family was marketed exclusively by firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.

Obama's high-stakes speech to press broader agenda
February 24, 2009 at 10:55 am

WASHINGTON (Reuters) - President Barack Obama takes center stage on Tuesday to try to explain to the American people his broad agenda for jolting the United States out of deep recession and confronting long-term economic challenges.

AIG in talks with U.S. government, sees $60 billion loss: source
February 24, 2009 at 10:41 am

NEW YORK (Reuters) - American International Group, rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss in a quarter in corporate history.

Treasury battles financial crisis short-handed
February 24, 2009 at 10:31 am

WASHINGTON (Reuters) - The U.S. Treasury Department is battling an epic financial crisis that hasn't paused since the Obama administration took over, but the department's bank-like, colonnaded building still has a lot of empty desks.

Sri Lankan troops in last Tiger-held town: military
February 24, 2009 at 10:27 am

COLOMBO (Reuters) - Sri Lankan soldiers battled on Tuesday inside the last town the Tamil Tiger separatists control, and the government said it had no plans for a truce amid U.N. and E.U. calls for a halt to fighting.

Rupert Murdoch apologizes for NY Post chimp cartoon
February 24, 2009 at 10:06 am

NEW YORK (Reuters) - New York Post Chairman Rupert Murdoch apologized in print on Tuesday for a cartoon that ignited protests from readers who saw it as a racist depiction of President Barack Obama as a chimpanzee.

Pakistani Taliban announce indefinite truce in Swat
February 24, 2009 at 8:27 am

MINGORA, Pakistan (Reuters) - Pakistani Taliban militants announced on Tuesday an indefinite ceasefire in the Swat valley in the northwest of the country, a day after the army said it was ceasing operations in the region.

Health spending takes rising share of U.S. economy
February 24, 2009 at 7:52 am

WASHINGTON (Reuters) - Health spending will hit $2.5 trillion this year, devouring 17.6 percent of the economy, as the White House and Congress consider major changes to the healthcare system, U.S. government economists said on Tuesday.

North Korea says preparing rocket launch
February 24, 2009 at 5:44 am

SEOUL (Reuters) - North Korea said on Tuesday it was preparing to launch a satellite on one of its rockets, which analysts have said would actually be the test-firing of a long-range missile designed to strike U.S. territory.

Obama pledges to halve budget deficit by 2013
February 23, 2009 at 9:04 pm

WASHINGTON (Reuters) - President Barack Obama pledged on Monday to cut the ballooning U.S. budget deficit by half in the next four years and said the country would face another economic crisis if it did not address its debt problems soon.

Wall Street slides to 12-year low
February 23, 2009 at 9:03 pm

NEW YORK (Reuters) - Wall Street slumped to a 12-year low on Monday as investors lost faith that the U.S. government will be able to stabilize the financial system.

Microsoft drops payback demand on ex-workers
February 23, 2009 at 8:53 pm

SEATTLE (Reuters) - Microsoft Corp has dropped an attempt to recoup some severance money from 25 recently fired workers it mistakenly overpaid.

Revamped Oscar broadcast a pleasant surprise
February 23, 2009 at 8:49 pm

LOS ANGELES (Hollywood Reporter) - It turns out producers Bill Condon and Laurence Mark weren't kidding when they promised to reinvent the broken Academy Awards ceremony.

Former governor Locke likely commerce nominee
February 23, 2009 at 8:38 pm

WASHINGTON (Reuters) - Former Washington state Governor Gary Locke is President Barack Obama's "likely nominee" for U.S. commerce secretary, an administration official said on Monday.

U.S. says Guantanamo complies with Geneva treaties
February 23, 2009 at 7:05 pm

MIAMI (Reuters) - The U.S. military's Guantanamo Bay prison camp currently complies with the Geneva Conventions' standards for humane treatment, a top U.S. Navy officer concluded on Monday in a review ordered by President Barack Obama.

Rattner to become adviser on autos
February 23, 2009 at 6:44 pm

WASHINGTON (Reuters) - The Obama administration has added Wall Street expertise to its team overseeing the restructuring of General Motors and Chrysler, naming Steven Rattner as adviser to Treasury Secretary Timothy Geithner.

Pope names Dolan archbishop of New York
February 23, 2009 at 1:11 pm

VATICAN CITY (Reuters) - Pope Benedict Monday named the archbishop of Milwaukee as the next archbishop of New York, the highest profile post in the U.S. Catholic Church.

Israel replaces envoy to Egypt talks, Hamas angry
February 23, 2009 at 12:29 pm

JERUSALEM (Reuters) - Prime Minister Ehud Olmert will replace Israel's lead envoy to Egyptian-brokered truce talks with Hamas after he publicly criticized the government's negotiating strategy, officials said on Monday.

UK resident freed from Guantanamo, alleging torture
February 23, 2009 at 12:26 pm

LONDON (Reuters) - A British resident held at Guantanamo Bay for more than four years returned to Britain a free man on Monday and accused the U.S. government of inflicting "medieval" torture on him -- with British collusion.

Financial job losses accelerating: U.N. agency
February 23, 2009 at 12:25 pm

GENEVA (Reuters) - Jobs in the financial sector are disappearing at an accelerating rate, with knock-on effects for the broader economy in financial centers such as New York and London, the United Nations said on Monday.

Treasury considers GM and Chrysler funding options
February 23, 2009 at 12:05 pm

(Reuters) - Outside advisers to the Treasury are lining up contingency financing options for General Motors Corp and Chrysler LLC as part of a review of restructuring options for the auto makers, a Treasury official said on Monday.

UAW and Ford reach deal on retiree health care trust
February 23, 2009 at 11:32 am

DETROIT (Reuters) - Ford Motor Co has reached a tentative deal with the United Auto Workers union on changes to a retiree health care trust, becoming the first Detroit automaker to secure union concessions on the key issue.

Obama says help for states to begin soon
February 23, 2009 at 11:14 am

WASHINGTON (Reuters) - U.S. President Barack Obama said on Monday money from the $787 billion economic stimulus plan would go out within two days to help states pay for the Medicaid health program.

Obama seeks new momentum in pivotal week
February 23, 2009 at 3:38 am

WASHINGTON (Reuters) - Just a month into his presidency, Barack Obama has had to deal with everything from Cabinet missteps that have strained his "no-drama Obama" image to an economic crisis that seems to worsen by the day.

Penelope Cruz, Heath Ledger win early Oscars
February 22, 2009 at 10:38 pm

LOS ANGELES (Reuters) - Rags-to-riches romance "Slumdog Millionaire" won two early Oscars on Sunday while Spanish actress Penelope Cruz was named best supporting actress and Heath Ledger earned the award for best supporting actor.

U.S. seeking up to 40 percent stake in Citigroup: report
February 22, 2009 at 10:33 pm

HONG KONG (Reuters) - The U.S. government may end up holding as much as 40 percent of Citigroup's common stock, the Wall Street Journal reported on its website, citing sources familiar with the plans.

Obama to name watchdog to oversee stimulus outlays
February 22, 2009 at 6:21 pm

WASHINGTON (Reuters) - U.S. President Barack Obama, intent on countering criticisms of the $787 billion economic stimulus plan as wasteful, plans to name a watchdog on Monday to make sure the money is spent wisely.

Europe says all markets must be regulated
February 22, 2009 at 2:49 pm

BERLIN (Reuters) - Europe said on Sunday it was time to get tough with tax havens and strictly oversee all financial markets as part of sweeping reforms to avoid future meltdowns.

Some U.S. states embrace housing plan, others skeptical
February 22, 2009 at 2:17 pm

WASHINGTON (Reuters) - While some U.S. governors were embracing the housing plan President Barack Obama announced last week, as a way to bolster their own assistance efforts, others worried that the plan is unfair.

Republican governors split over Obama stimulus
February 22, 2009 at 1:23 pm

WASHINGTON (Reuters) - U.S. Republicans governors were split on Sunday over whether to accept all of the money their states stand to receive from a $787 billion economic stimulus plan which President Barack Obama signed last week.

Feds question Burris in Blagojevich case: paper
February 22, 2009 at 11:48 am

CHICAGO (Reuters) - Federal authorities have interviewed U.S. Senator Roland Burris in a probe into whether former Illinois Governor Rod Blagojevich tried to sell the Senate seat Burris now occupies, the Chicago Tribune, reported on Sunday.

Europe backs hedge fund oversight, haven crackdown
February 22, 2009 at 9:51 am

BERLIN (Reuters) - European leaders meeting in Berlin on Sunday backed oversight of the world's financial markets and products, including hedge funds, and urged that sanctions be drawn up to punish tax havens.

Pakistan to allay U.S. fears on pact with Islamists
February 22, 2009 at 7:45 am

ISLAMABAD (Reuters) - Pakistan's foreign minister has said he will try to allay U.S. fears about a pact with a group of Islamists in the troubled northwest, during a trip to Washington this week.
 

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