Current News Today
Wavering Egyptians vote for president
CAIRO (Reuters) - Egyptians, choosing their leader freely for the first time in history, voted for a second day on Thursday in an election that is a fruit of last year's popular revolt against Hosni Mubarak. After six decades under authoritarian, military-backed rule, Egypt's 50 million voters can decide whether to entrust the most populous Arab nation to an Islamist president for the next four years, as well as the Islamist-led assembly they chose earlier. But secular candidates like ex-Arab League chief Amr Moussa and Mubarak's last premier Ahmed Shafiq are in with a chance. ...
Thu, 24 May 2012 08:29:16 -0400
| Iran talks with world powers hit snag over sanctions
BAGHDAD (Reuters) - Iran accused world powers on Thursday of creating "a difficult atmosphere" that had hindered talks on its atomic energy program, signaling a snag in diplomacy to defuse fears of a covert Iranian effort to develop nuclear bombs. The nub of the dispute appeared to be Iran's demand for fast relief from economic sanctions as part of any deal for it to stop higher-grade uranium enrichment, a pathway to nuclear arms, whereas Western powers insisted Tehran must first shut it down. ...
Thu, 24 May 2012 09:40:47 -0400
| U.S. drone strike kills 10 in northwest Pakistan: officials
MIRANSHAH, Pakistan (Reuters) - A U.S. drone strike on suspected Islamist militants in northwest Pakistan killed 10 people on Thursday, Pakistani intelligence officials said, an attack likely to raise tensions in a standoff with Washington over NATO supply routes to Afghanistan. The pilotless drone aircraft attacked a compound in a village in North Waziristan, a day after a similar attack killed four suspected militants in the same region. "The drone fired two missiles at the compound. We believe it was being used by militants," one of the Pakistani officials said. ...
Thu, 24 May 2012 06:46:10 -0400
| Divided Syrian opposition to choose new leader
AMMAN (Reuters) - The main Syrian National Council opposition group said it had accepted the resignation of its president, setting the stage for a showdown between the powerful Muslim Brotherhood and its political rivals over who will be the new leader. The internal conflicts have come to a head over the position held by Burhan Ghalioun, a secular sociologist backed by the Brotherhood, who offered to step down as leader of the 313-member council last week if a replacement could be found. ...
Thu, 24 May 2012 09:18:26 -0400
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Current News Today
Wall Street shrugs off data to edge up at open
NEW YORK (Reuters) - Stocks edged up at the open on Thursday as investors brushed off tepid economic data and focused on buying beaten-down shares after a drop of more than 5 percent for the S&P 500 this month. The Dow Jones industrial average gained 21.00 points, or 0.17 percent, to 12,517.15. The Standard & Poor's 500 Index added 2.88 points, or 0.22 percent, to 1,321.74. The Nasdaq Composite Index rose 5.25 points, or 0.18 percent, to 2,855.37. (Reporting By Chuck Mikolajczak, editing by Dave Zimmerman)
Thu, 24 May 2012 09:35:02 -0400
| Jobless claims little changed last week
WASHINGTON (Reuters) - New claims for unemployment benefits fell slightly last week, while two reports on manufacturing suggested the economy continued to expand moderately. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said on Thursday. The four-week moving average, considered a better measure of labor market trends, dropped 5,500 to 370,000. Claims have barely budged in the past four weeks, indicating a marginal improvement in the pace of job creation after April's disappointing 115,000 gain in nonfarm payrolls. ...
Thu, 24 May 2012 09:53:00 -0400
| HP to lay off 27,000, profit slides 31 percent
SAN FRANCISCO (Reuters) - Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares 11 percent higher. The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014, when the layoffs are expected to the completed. The world's No. ...
Thu, 24 May 2012 04:02:24 -0400
| Dow wins $2.16 billion in Kuwait arbitration
(Reuters) - Kuwait's state-run chemical company must pay Dow Chemical Co $2.16 billion under an arbitrator's ruling for wrongly cancelling a planned plastics joint venture in 2008, Dow said on Thursday. The ruling against Petrochemical Industries Co (PIC) of Kuwait by the International Chamber of Commerce's International Court is final and binding. It is believed to be one of the largest-ever arbitration awards, according to Dow's law firm, Shearman and Sterling LLP. Kuwait pulled out of the planned $17. ...
Thu, 24 May 2012 09:54:45 -0400
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Current News Today
Obama: Ahead in swing states, but lead narrowing
President Barack Obama leads Mitt Romney in Florida, Ohio and Virginia, according to new polls of the key 2012 swing states, although Obama's advantage has narrowed in recent months.
Thu, 24 May 2012 09:25:19 -0400
| Man in custody implicates himself in Etan Patz death
The New York City police commissioner says a man in custody has implicated himself in the death of Etan Patz, the boy whose disappearance 33 years ago sparked the movement to put the faces of missing children on milk cartons.
Thu, 24 May 2012 08:14:25 -0400
| Fleet Week kicks off in NYC
Wed, 23 May 2012 14:00:36 -0400
| Hillary Clinton: U.S. hacked al-Qaida sites
In a rare glimpse into cyber warfare tactics, a top U.S. official has explicitly acknowledged that the U.S. government hacked into websites run by Al Qaeda’s affiliate in Yemen, changing advertisements that boasted about killing Americans into advertisements that underscored the deaths of Muslim civilians...
Wed, 23 May 2012 22:05:00 -0400
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