| Business News |
Wall Street tumbles, led by financials
(Reuters)
Reuters - Stocks tumbled more than 2 percent on
Thursday after a report showing yet another drop in U.S. home
sales prompted investors to take profits in financial shares,
which had rallied over the past week.
|
Microsoft CEO backs Web spending, "done" with Yahoo
(Reuters)
Reuters - Chief Executive Steve
Ballmer on Thursday defended Microsoft Corp's need to
make heavy investments in its Internet businesses but said the
company was "done," for now, with pursuing Yahoo Inc .
|
Wachovia CFO Wurtz to leave
(Reuters)
Reuters - Wachovia Corp , which posted a
record $8.86 billion second-quarter loss Tuesday, said Chief
Financial Officer Thomas Wurtz will resign from the
fourth-largest U.S. bank after a successor is named.
|
Home sales at 10-year low, jobless claims jump
(Reuters)
Reuters - Jobless claims jumped and the pace
of existing home sales tumbled to a 10-year low as slowing
growth hit hiring and a glut of unsold houses weighed on real
estate, data released on Thursday showed.
|
Morgan Stanley aggressively recruiting brokers
(Reuters)
Reuters - Morgan Stanley said on Thursday
it is poaching brokers from Merrill Lynch and other
rivals, accelerating the expansion of its global wealth
management business during a period of turbulence on Wall
Street.
|
Jobless claims jump as housing market gets weaker
(AP)
AP - Two cornerstones of the economy — jobs and housing — sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.
|
|
| Iraqi forces detain 1,000 in al Qaeda push - 18, May 2008 |
By Aws Qusay and Khalid al-Ansary
BAGHDAD (Reuters) - Iraqi forces have detained more than 1,000 suspects in an offensive aimed at crushing al Qaeda in northern Iraq, the military commander of the operation said on Saturday.
Prime Minister Nuri al-Maliki returned to Baghdad on Saturday after spending several days in the city of Mosul and surrounding Nineveh province to supervise the crackdown.
Many gunmen from Sunni Islamist al Qaeda have regrouped in Nineveh after being pushed out of other areas. The U.S. military says Mosul is al Qaeda's last major urban stronghold in Iraq.
Lieutenant-General Riyadh Jalal Tawfiq, head of the Iraqi-led offensive that began a week ago, said 1,068 suspects had been detained so far.
"This operation will last until we finish off all the terrorist remnants and outlaws," he said.
On Friday, Maliki said fighters who handed in their weapons within 10 days would be given an amnesty and unspecified cash rewards. His offer applies to gunmen who have not killed anyone.
Defense Ministry spokesman Major-General Mohammed al-Askari said scores of militants had already handed over their guns.
"We are committed to the amnesty and have reassured them there will be no judicial pursuit against them," he said, adding the government would soon make public the compensation available for different kinds of weapons handed in.
(c) 2008 Reuters
|
| Other news from HotNews category: |
-
WASHINGTON (Reuters) - The Bush administration has proposed shifting $226.5 million in U.S. counterterrorism aid to Pakistan to upgrade Pakistani F-16 fighters, U.S. officials said on Thursday.
More
-
GENEVA (Reuters) - Talks to salvage a global trade deal will limp into another day on Friday after ministers made minimal progress on Thursday in their bid to prevent the suspension of the World Trade Organisation round.
More
-
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Osama bin Laden's driver was not told of any rights against self-incrimination under years of interrogation, FBI agents told the Guantanamo war crimes court on Thursday.
More
-
WASHINGTON (Reuters) - The Senate was on course for a Saturday vote to approve a major housing market rescue bill offering a lifeline to mortgage finance giants Fannie Mae and Freddie Mac, and bond market action on Thursday indicated investors were encour
More
-
WASHINGTON (Reuters) - The House of Representatives on Thursday failed to pass legislation intended to cool off gasoline prices by requiring the government to sell 70 million barrels of light sweet crude oil from the Strategic Petroleum Reserve, the natio
More
-
BERLIN (Reuters) - U.S. presidential candidate Barack Obama urged Europe to stand by the United States in stabilizing Afghanistan in a speech to over 200,000 in Berlin that stressed the need for unity in the face of new threats.
More
-
WASHINGTON (Reuters) - The U.S. government's former point man in the fight against the heroin trade in Afghanistan has accused Afghan President Hamid Karzai of obstructing counter-narcotics efforts and protecting drug lords.
More
-
BROWNSVILLE, Texas (Reuters) - After Hurricane Dolly unleashed a fury of damaging winds and wicked rain on the U.S.-Mexico coastline and diminished to a tropical storm, widespread flooding along the populous Rio Grande Valley became the top concern on Thu
More
-
GENEVA (Reuters) - Talks to salvage a global trade deal faced a crunch point on Thursday after three days of scant progress, and French President Nicolas Sarkozy said he would not sign a deal in its current form.
More
-
BERLIN (Reuters) - U.S. presidential candidate Barack Obama is expected to call on Europe to do more in hotspots like Afghanistan when he speaks in Berlin on Thursday in his only formal address of a week-long foreign tour.
More
|
|
|