Current News Today
EU urges Greece to stay in euro, but plans for possible exit
BRUSSELS (Reuters) - European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program. After nearly six hours of talks held during an informal dinner, leaders said they were committed to Greece remaining in the euro zone, but it had to stick to its side of the bargain too, a commitment that will mean a heavy cost for Greeks. ...
Wed, 23 May 2012 20:49:41 -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 fired two missiles at a compound in a village in North Waziristan, a day after a similar attack killed four suspected militants in the same region. ...
Wed, 23 May 2012 23:01:58 -0400
| General says Afghanistan will need "combat power"
WASHINGTON (Reuters) - The United States will require "significant firepower" in Afghanistan in 2013-14, the commander of U.S. and NATO forces there said, but decisions about further U.S. troop reductions will only be made after this fall at the earliest. "We're going to need combat power. I don't think anyone questions that," Marine General John Allen said on Wednesday. "I owe the president some real analysis on this. ...
Wed, 23 May 2012 16:09:44 -0400
| Egyptians back at the polls to pick president
CAIRO (Reuters) - Egypt resumes its first free presidential election on Thursday after voting passed off mostly calmly on the first day apart from a stone-throwing attack on candidate Ahmed Shafiq, who was premier for a few days before Hosni Mubarak fell. The race broadly pits Islamist candidates against secular ones like Shafiq and Amr Moussa, the former Arab League chief who previously served as Mubarak's foreign minister. Long queues formed at polling stations early on Wednesday, and some were packed late into the evening. ...
Wed, 23 May 2012 18:35:51 -0400
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Current News Today
Wall Street finishes flat in late reversal
NEW YORK (Reuters) - Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The action shortly before the market's close was a mirror image of Tuesday when stocks gave up gains in the last minutes of trading. The late rebound suggested investors saw value in the market after the S&P 500 fell just below 1,300 but also underscored the skittishness of the trading environment. ...
Wed, 23 May 2012 18:07:12 -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. ...
Wed, 23 May 2012 20:57:01 -0400
| Shareholders sue Facebook, NYSE comes calling
SAN FRANCISCO (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." The Nasdaq stock exchange also came under further pressure as a source close to the situation told Reuters that NYSE Euronext had opened discussions with Facebook about a potential stock listing there. Nasdaq also faces litigation from angry investors. ...
Wed, 23 May 2012 21:54:29 -0400
| Chesapeake defends board to shareholders
(Reuters) - Chesapeake Energy Corp defended its board of directors in a letter to shareholders on Wednesday as investors push for governance changes at the U.S. oil and gas company. Analysts and investors have called for change at the company after Reuters reported that Chief Executive Officer Aubrey McClendon had taken out more than $1 billion in loans using his interest in thousands of company wells as collateral. ...
Wed, 23 May 2012 17:54:18 -0400
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Current News Today
Proud in uniform: Academy graduates gay cadets
Eight months after a repeal of the military’s “don’t ask , don’t tell” policy, the U.S. Air Force Academy today graduated its first group of openly gay cadets.
Wed, 23 May 2012 17:05:53 -0400
| 'Pro-choice' Americans at record low, poll finds
The percent of Americans who identify as “pro-choice” regarding legalized abortion is at a new low of 41 percent, according to a newly released Gallup poll. The figure is one percent lower than the previous all-time low registered by Gallup, which was in May 2009....
Wed, 23 May 2012 19:35:35 -0400
| Obama: I'm not an overspender
COLORADO SPRINGS, Colo. — At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending. “I’m running to pay down our debt in a way that’s balanced...
Wed, 23 May 2012 19:46:58 -0400
| Senate grills Secret Service on 'pattern of misconduct'
Mark Sullivan, director of the U.S. Secret Service, defended his agency on Wednesday against accusations it has displayed a "pattern of misconduct" during a Senate hearing prompted by a recent scandal involving agent solicitation of prostitutes in Colombia. This is "not a systemic problem," Sullivan told members of the Senate Homeland Security and Governmental Affairs Committee. [...]
Wed, 23 May 2012 14:18:04 -0400
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