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Business News
Markets await Bernanke as central bankers gather (Reuters)

Chairman of the Federal Reserve Ben Bernanke testifies before the U.S. House Financial Services Committee on Capitol Hill in Washington July 16, 2008. (Larry Downing/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.


Fannie and Freddie debt gains, deep share dive abates (Reuters)

A home that has been foreclosed and repossessed by the bank up for sale in Burbank, California, July 20, 2008. (Fred Prouser/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.


Oil up 5 percent on global tensions, soft dollar (Reuters)

An oil tanker nears the Trans-Alaska Pipeline Marine Terminal in Valdez, Alaska, August, 9 2008. (Lucas Jackson/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.


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.
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.
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.
Obama says committed to Iraq withdrawal timetable - 23, Jul 2008

AMMAN (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.



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
TAGS: Iraq, Middle East, Emerging countries, Online Report text item, Afghanistan, Asia, Elections, Domestic Politics
Other news from HotNews category:
  1. Suicide bombs kill 59 outside Pakistani arms plant - 22, Aug 2008

    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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  2. Relatives seek to identify Spain crash victims - 22, Aug 2008

    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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  3. U.S. regulation stops short of defining abortion - 22, Aug 2008

    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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  4. U.S. demands Russia leave Georgia "now" - 22, Aug 2008

    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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  5. Iraq says no firm dates in draft U.S. troops deal - 22, Aug 2008

    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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  6. It's show time for Obama and McCain - 22, Aug 2008

    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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  7. Afghan civilians said killed in U.S.-led air raid - 21, Aug 2008

    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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  8. U.S. military frees Reuters cameraman in Iraq - 21, Aug 2008

    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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  9. Mideast peace pressure could lead to violence: Livni - 21, Aug 2008

    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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  10. Jamaica sweeps the sprint golds in Beijing - 21, Aug 2008

    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.

    More

 

Software News
Microsoft enlists Seinfeld for ad campaign: source (Reuters)

Jerry Seinfeld poses at the premiere of 'Bee Movie' in London December 6, 2007. (Anthony Harvey/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.


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.
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.
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.
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.
Google Invites Security Researchers To Debug Android (NewsFactor)

A prototype of the Google Android mobile by Qualcomm is on display at the Mobile World Congress (formerly 3GSM World Congress) in Barcelona, February 11, 2008. (Albert Gea/Reuters)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.