Thursday, March 5, 2009

3/5 Reuters: Top News

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Sudan expels aid agencies, defies Hague court
March 5, 2009 at 7:05 am

KHARTOUM (Reuters) - Sudan's president told thousands of cheering supporters on Thursday an international call for his arrest on war crimes charges was a colonialist ploy and announced the expulsion of 10 foreign aid agencies.

Obama begins health reform drive with White House forum
March 5, 2009 at 7:03 am

WASHINGTON (Reuters) - President Barack Obama takes on healthcare reform at a White House forum on Thursday, seeking to design an overhaul of a costly and inefficient system he believes is threatening the U.S. economy.

China silent on extra stimulus, stands by growth aim
March 5, 2009 at 6:59 am

BEIJING (Reuters) - Premier Wen Jiabao said China would ramp up deficit spending this year to hit its all-important 8 percent growth target but did not announce an increase in an already-huge two-year economic stimulus plan that markets had craved.

Former Merrill execs invested in Madoff funds: report
March 5, 2009 at 6:58 am

NEW YORK (Reuters) - Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.

GM gives going concern warning
March 5, 2009 at 6:46 am

NEW YORK (Reuters) - General Motors has substantial doubt about its ability to continue as a going concern if it fails to stem its losses and generate cash, and it may be forced to file for bankruptcy, the automaker said on Thursday.

Kyrgyzstan says U.S. base closure is final
March 5, 2009 at 4:37 am

BISHKEK (Reuters) - Kyrgyzstan will not reverse its decision to shut a U.S. military air base that was used by Washington for the war in Afghanistan, a spokesman for President Kurmanbek Bakiyev said on Thursday.

California high court reviews gay marriage ban
March 5, 2009 at 3:09 am

SAN FRANCISCO (Reuters) - Gay marriage advocates on Thursday will ask the California Supreme Court to overturn a second voter-approved same-sex marriage ban, in a cultural battle that has divided the United States.

Recession boosts role of community health
March 5, 2009 at 2:31 am

ATLANTA/PHOENIX (Reuters) - When Paul Bowling suffered a stroke three years ago and lost his health insurance he turned not to an emergency hospital for long-term care but to a community health center.

Ford launches major debt restructuring
March 5, 2009 at 1:59 am

DETROIT (Reuters) - Ford Motor Co on Wednesday announced a plan to cut its $25.8 billion in automotive debt by about 40 percent by offering creditors cash and new shares as it looks to slash financing costs at a time of plunging sales and tight credit.

Venezuela's Chavez seizes Cargill unit
March 4, 2009 at 11:10 pm

CARACAS (Reuters) - President Hugo Chavez seized a unit of American food giant Cargill on Wednesday and threatened to take over Venezuela's largest private company, renewing a nationalization drive as the OPEC nation's oil income plunges.

U.S. launches $75 billion mortgage plan to aid homeowners
March 4, 2009 at 6:39 pm

WASHINGTON/NEW YORK (Reuters) - The Obama administration on Wednesday launched a $75 billion foreclosure relief plan, as new data showed one in five U.S. homeowners with mortgages owe more than their house is worth.

NATO likely to agree to resume Russia ties: U.S.
March 4, 2009 at 6:38 pm

BRUSSELS (Reuters) - NATO foreign ministers will likely decide on Thursday to resume formal ties with Russia cut off after Moscow's incursion into Georgia last year, a senior U.S. official said on Wednesday.

Common ingredient offers AIDS protection
March 4, 2009 at 5:46 pm

WASHINGTON (Reuters) - A cheap ingredient used in ice cream, cosmetics and found in breast milk helps protect monkeys against infection with a virus similar to AIDS and might work to protect women against the virus, researchers reported on Wednesday.

Stanford investors sue SEC, receiver over assets
March 4, 2009 at 5:40 pm

HOUSTON (Reuters) - Clients of Stanford Group Co sued the U.S. Securities and Exchange Commission, the U.S. Marshals Service and Stanford's court-appointed receiver on Wednesday, arguing the government had no right to freeze their assets.

UBS exec criticizes U.S. effort to get account data
March 4, 2009 at 4:58 pm

WASHINGTON (Reuters) - A top UBS AG executive told a U.S. lawmakers on Wednesday that the Swiss bank regrets breaking U.S. tax laws, but criticized U.S. authorities' efforts to obtain information on thousands of bank accounts suspected of being used by American tax dodgers.

UK's Brown: U.S. should lead world out of recession
March 4, 2009 at 1:00 pm

WASHINGTON (Reuters) - The United States should seize the moment and lead the world out of recession but other countries need to play their part too, British Prime Minister Gordon Brown told U.S. lawmakers on Wednesday.

Hague court issues warrant for Sudan's Bashir
March 4, 2009 at 11:44 am

THE HAGUE (Reuters) - The International Criminal Court issued an arrest warrant for Sudanese President Omar Hassan al-Bashir on Wednesday for war crimes in Darfur in a decision that could spark more regional turmoil.

U.S. private sector bleeds jobs, services slump deepens
March 4, 2009 at 11:19 am

NEW YORK (Reuters) - U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

In past 2 years, 87 million in U.S. went uninsured
March 4, 2009 at 11:17 am

WASHINGTON (Reuters) - A third of Americans under age 65 -- 86.7 million people -- went without health insurance at some point during the past two years, according to a report released Wednesday.

Afghan election body says April poll not possible
March 4, 2009 at 10:17 am

KABUL (Reuters) - Presidential polls in Afghanistan cannot be held next month as demanded by President Hamid Karzai and August 20 must remain the polling day as originally scheduled, the election commission said on Wednesday.

Clinton criticizes Israel over E. Jerusalem demolition
March 4, 2009 at 10:04 am

RAMALLAH, West Bank (Reuters) - U.S. Secretary of State Hillary Clinton criticized Israel Wednesday over plans to demolish Palestinian homes in Arab East Jerusalem and said Washington would engage Israeli leaders on Jewish settlements.

Senate panel to question Swiss banker, secrecy
March 4, 2009 at 9:04 am

WASHINGTON (Reuters) - The sanctity of the secret Swiss bank account -- an icon of global finance -- is under growing pressure in a tax investigation due to come into public view on Wednesday at a U.S. congressional hearing.

One in five U.S. mortgage borrowers are underwater
March 4, 2009 at 8:55 am

NEW YORK (Reuters) - One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.

North Korea missile launch not imminent, says South
March 4, 2009 at 7:55 am

SEOUL (Reuters) - A North Korean missile launch may not come for some time although the communist state has been preparing its longest-range rocket for a test flight, South Korea's unification minister said on Wednesday.

Obama sees $40 billion savings in spending reforms
March 4, 2009 at 6:12 am

WASHINGTON (Reuters) - President Barack Obama on Wednesday will order a crackdown on waste and cost overruns in U.S. government procurement that he estimates will save up to $40 billion a year, an administration official said.

U.S. judge to hear potential conflict in Madoff case
March 4, 2009 at 3:42 am

NEW YORK (Reuters) - A court appearance on Wednesday by accused swindler Bernard Madoff for a hearing over a potential conflict of interest involving his lawyer, Ira Sorkin has been postponed, a judge's clerk said on Tuesday.
 

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