| Business News |
Markets await Bernanke as central bankers gather
(Reuters)
Reuters - Federal Reserve Chairman
Ben Bernanke tackles financial stability in a key speech on
Friday but economists doubt he will provide solid clues about
future policy action to calm the credit crunch.
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Fannie and Freddie debt gains, deep share dive abates
(Reuters)
Reuters - Investors' growing belief in the
likelihood of a federal bailout of home-funding giants Fannie
Mae and Freddie Mac triggered a rally in the
debt prices of the two companies on Thursday while a steep fall
in their shares prices abated.
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Oil up 5 percent on global tensions, soft dollar
(Reuters)
Reuters - Oil prices rose nearly 5 percent on
Thursday, the biggest percentage gain in more than two months,
driven by rising tensions between the United States and energy
behemoth Russia.
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Three big banks settle with NY state over ARS
(Reuters)
Reuters - New York Attorney General Andrew Cuomo
on Thursday said Merrill Lynch & Co Inc , Deutsche Bank
(DBKGn.DE) and Goldman Sachs have agreed to settlements
regarding their auction rate security sales practices.
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FINRA probes 40 firms on auction rate securities: source
(Reuters)
Reuters - Financial industry enforcement agents
will review the auction-rate debt operations of about 40 firms
industrywide starting next week, sources familiar with the
investigation said on Thursday.
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Trends & Innovations - Wednesday
(Investor's Business Daily)
Investor's Business Daily - The proportion of working-age Americans facing medical debt rose to 72 mil or 41% last year, up from 58 mil or 34% in '05, according to a new survey by the nonprofit Commonwealth Fund. About half of those facing health debt have up to $2,000 in bills, while 12% have more than $4,000 in debt and another 12% have more than $8,000. The survey also found most of those with medical debt said they had exhausted their savings, with some also tapping into credit cards, home equity or cutting back on food or heat to cover health care costs.
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| Obama says committed to Iraq withdrawal timetable - 23, Jul 2008 |
By Caren BohanAMMAN (Reuters) - U.S. Democratic presidential candidate Barack Obama said on Tuesday he was committed to a 16-month timetable for a U.S. military withdrawal from Iraq, after a trip in which he met Iraqi leaders and U.S. officials.Obama was speaking in the Jordanian capital as part of a tour of the region in which he has sought to shift the focus of U.S. military efforts from Iraq to Afghanistan, where al Qaeda and the Taliban are resurgent.The question of when to withdraw some 147,000 U.S. troops in Iraq overshadowed the first term senator's trip. Obama has made his opposition to the U.S.-led invasion of Iraq in 2003 a centerpiece of his election campaign."What I have proposed is a steady, deliberate draw down over the course of 16 months," he told a news conference in Amman.Obama has said the draw down would enable more troops to be deployed in Afghanistan, where insurgent attacks in the past two months have killed more U.S. soldiers than in Iraq.He described the situation in Afghanistan as "perilous and urgent" and said al Qaeda and the Taliban were planning more attacks in the United States."In Afghanistan and the border region of Pakistan, al Qaeda and the Taliban are mounting a growing offensive against the security of the Afghan people and increasingly the Pakistani people, while plotting new attacks against the United States," he said.Progress in boosting stability and security in Iraq would come from reconciling Iraq's feuding political groups, he said.
(c) 2008 Reuters
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| TAGS: Iraq, Middle East, Emerging countries, Online Report text item, Afghanistan, Asia, Elections, Domestic Politics |
| Other news from HotNews category: |
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ISLAMABAD (Reuters) - Two Pakistani Taliban suicide bombers blew themselves up outside the country's main defense industry complex on Thursday, killing at least 59 people as workers were leaving at the end of their shift, officials said.
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MADRID (Reuters) - Grieving relatives on Thursday tried to identify charred bodies from the wreckage of a Spanish jet which crashed at Madrid airport on its second attempt at takeoff after mechanical problems.
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WASHINGTON (Reuters) - Health officials released a controversial regulation on Thursday to protect health professionals who do not want to provide abortions or certain other health care services.
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SOCHI, Russia (Reuters) - Russia said on Thursday it would pull back some of its troops in Georgia within 24 hours after Washington demanded they leave "now", but Moscow said it would still keep a force stationed in Georgia's heartland.
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BAGHDAD (Reuters) - A draft agreement between the United States and Iraq contains no fixed dates for U.S. forces to withdraw, but Iraq would like combat troops out by the end of 2011, government spokesman Ali al-Dabbagh said on Thursday.
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WASHINGTON (Reuters) - It's show time for Barack Obama and John McCain, with back-to-back presidential nominating conventions offering them tightly-scripted spectacles designed to polish their images and highlight their messages.
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KABUL (Reuters) - More than a dozen civilians have been killed in an air strike by U.S.-led troops in Afghanistan's eastern province of Laghman, two provincial officials said on Thursday.
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BAGHDAD (Reuters) - The U.S. military freed a Reuters television cameraman on Thursday after holding him for three weeks in Iraq without charges.
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JERUSALEM (Reuters) - Israel's chief negotiator said on Thursday a Palestinian uprising could reignite if the international community piled too much pressure on the sides to paper over differences and rush into an agreement on statehood.
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BEIJING (Reuters) - Jamaica made a clean sweep of Olympic sprint golds on Thursday with victory in the women's 200 meters to complete their domination over the United States.
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| Software News |
Microsoft enlists Seinfeld for ad campaign: source
(Reuters)
Reuters - Comedian Jerry Seinfeld will star
in a $300 million marketing campaign for Microsoft Corp aimed
at burnishing the image of its computer operating system, a
person familiar with the effort said on Thursday.
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Photosynth Stitches Photos Into a 3-D Web Canvas
(NewsFactor)
NewsFactor - Microsoft's name has never been synonymous with photography, visual imaging or innovative online applications. But its release Wednesday of Photosynth -- a hybrid software/service that allows users to create 3-D environments by stitching multiple photographs together -- suggests the company has more than a few cards up its sleeve.
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Apple tries to de-bug iPhone
(USATODAY.com)
USATODAY.com - Apple acknowledged that a software update for the iPhone partly fixes the connection snags that have caused a global firestorm for the new iPhone 3G.
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Salesforce.com stock drops on cautious outlook
(AP)
AP - Salesforce.com Inc. kept its financial guidance within the range of analyst estimates Wednesday, disappointing investors who expected a more bullish forecast from one of the Internet's most popular software services.
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Microsoft Eases Server-Virtualization Restrictions
(NewsFactor)
NewsFactor - Microsoft has elected to jettison certain licensing restrictions that previously discouraged its customers from moving the software giant's server applications within a server farm at will.
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Google Invites Security Researchers To Debug Android
(NewsFactor)
NewsFactor - In a move that could help it avoid an iPhone 3G-like software drama, Google wants bug hunters to test its Android mobile platform. On Monday, the Android Security Team posted a message to introduce itself to the security research and vulnerability communities.
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