Current News Today
Judge to lead Greece to fateful June 17 vote
ATHENS (Reuters) - Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and bankers sought to calm public fears after the president said political chaos risked causing panic and a run on deposits. European leaders who once denied vociferously that they were fretting over Greece leaving their currency union have given up pretence. Asked if he was concerned about a Greek exit, European Central Bank chief Mario Draghi said simply: "No comment". ...
2012-05-16T14:54:28Z
| Exclusive: China pushes North Korea to drop nuclear test plan: sources
BEIJING (Reuters) - China has been quietly and gently pressuring North Korea to scrap plans for a third nuclear test, said two sources with knowledge of closed-door discussions between the countries, but there is no indication how the North will react. If North Korea goes ahead with the test, China would consider taking some retaliatory steps, but they would not be substantive, a source with ties to Pyongyang and Beijing told Reuters. ...
2012-05-16T10:19:52Z
| Hollande government to be dominated by moderates, Aubry out
PARIS (Reuters) - The government of France's new President Francois Hollande is likely to be dominated by moderate social democrats after party leader Martine Aubry, overlooked for the prime minister's role, said on Wednesday she would not be in the cabinet. Aubry, daughter of former European Commission president Jacques Delors and on the left of the Socialist Party, who was once tipped to be its candidate in the presidential election, made it clear she was unhappy to accept a consolation post. ...
2012-05-16T13:49:06Z
| Breivik killed with joyous "battle cry": survivors
OSLO (Reuters) - Anders Behring Breivik screamed a "battle cry" and appeared both angry and joyous as he shot his victims one by one, survivors of the Norwegian far-right killer's massacre told a court on Wednesday. "I heard screaming but I couldn't make out the words," Ingvild Leren Stensrud, 17, who was shot in the leg and shoulder, said. Stensrud, who survived after another victim fell on her, knocking her to the floor and thus creating the impression that she was dead, said she initially thought Breivik was not alone. ...
2012-05-16T14:48:01Z
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Current News Today
Fears over Greece's political and financial crisis
NEW YORK (Reuters) - Stocks sharply cut gains on Tuesday after news the European Central Bank stopped monetary policy operations to some Greek bank because recapitalization was not in place, central bank sources told Reuters. The Dow Jones industrial average gained 35.08 points, or 0.28 percent, to 12,667.08. The Standard & Poor's 500 Index gained 4.25 points, or 0.32 percent, to 1,334.91. The Nasdaq Composite Index gained 8.30 points, or 0.29 percent, to 2,902.06. (Reporting By Edward Krudy; Editing by Kenneth Barry)
2012-05-16T15:38:10Z
| ECB stops operations with some Greek bank: sources
FRANKFURT (Reuters) - The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfully recapitalized, euro zone central bank sources said on Wednesday. The ECB declined to comment. The ECB only conducts its refinancing operations with solvent banks. With no access to ECB funds, the banks concerned must go to the Bank of Greece for emergency liquidity assistance (ELA). It was unclear exactly how many banks were affected. ...
2012-05-16T15:23:34Z
| Housing starts, industrial output rise
WASHINGTON (Reuters) - Groundbreaking for homes rebounded in April and factory activity gained steam, suggesting the economy remains on a steady, if unspectacular recovery course. The Commerce Department said on Wednesday housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units, while the Federal Reserve said production at the nation's mines, factories and utilities rose 1.1 percent. The jump in industrial output, which was the largest since December 2010, was driven by a 4.5 percent increase in utility output, a 1.6 percent gain in mining and a 0. ...
2012-05-16T13:55:01Z
| Apple readies iPhone with bigger screen-sources
TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday. The new iPhone screens will measure 4 inches from corner to corner, one source said. That would represent a roughly 30 percent increase in viewing area, assuming Apple kept other dimensions proportional. Apple has used a 3.5-inch screen since introducing the iPhone in 2007. ...
2012-05-16T14:05:26Z
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Current News Today
Pentagon restricts F-22 flights over safety concerns
Facing a mysterious safety problem with the Air Force's most-prized stealth fighter, Defense Secretary Leon Panetta on Tuesday ordered new flight restrictions on the F-22 and summoned help from Navy and NASA experts.
2012-05-16T12:54:33Z
| Can Bill Bradley fix a broken Washington?
Former Sen. Bill Bradley's ambitions are still as lofty as he is tall.
2012-05-16T10:35:24Z
| Skechers will pay $40M for false shoe ads
Claims that Skechers' fitness shoes can help shed pounds and tone muscles are sketchy at best, says the government — and they're going to cost the company millions of dollars.
2012-05-16T15:02:47Z
| John Edwards, mistress will not testify
Attorneys for John Edwards say they will not call the former presidential candidate or his mistress Rielle Hunter to testify at his campaign corruption trial.
2012-05-16T15:05:23Z
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