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| Google results miss; shares dive after premature report Thursday, Oct 18, 2012 04:07 PM PDT  SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value. The disappointing numbers on Thursday came hours ahead of schedule in a rare instance of premature filing. Google blamed the misfire on an unauthorized filing by its financial printers, RR Donnelley & Sons Co, and later confirmed the numbers' accuracy. ... Full Story | Top |
| Obama talks Libya and Biden's swimsuit on "Daily Show" Thursday, Oct 18, 2012 05:01 PM PDT  NEW YORK (Reuters) - President Barack Obama joked that his vice president looked good in a swimsuit and said screw-ups can happen in government as he discussed the Libya controversy, mixing comedy and serious issues in an appearance on "The Daily Show with Jon Stewart." In a appeal to young voters, Obama largely played it straight in his sixth appearance on the liberal-leaning comedy show, which enjoys a broad following among younger viewers. ... Full Story | Top |
| Europe advances towards single banking supervisor Thursday, Oct 18, 2012 07:34 PM PDT  BRUSSELS (Reuters) - European Union leaders took a big stride towards establishing a single banking supervisor for the euro zone, agreeing it would enter into force next year, opening the way for the bloc's rescue fund to inject capital directly into ailing banks. European Council President Herman Van Rompuy said the 27 leaders agreed at a Brussels summit to adopt a legal framework by the end of this year giving the European Central Bank overall responsibility for banking supervision. ... Full Story | Top |
| Mobile revolution, economy trip up tech giants Thursday, Oct 18, 2012 06:23 PM PDT  SAN FRANCISCO (Reuters) - Mobile may be the future of technology, but even with the worldwide proliferation of high-powered devices like smartphones and tablets, some companies are struggling to maintain consistent revenue streams. Earnings disappointments this week from Intel Corp, Microsoft Corp, Google Inc and AMD underscore how Silicon Valley, both the old guard and new, is struggling to profit from consumers' waning love affair with the stalwart PC and infatuation with mobile -- the most significant tectonic shift in the industry since the advent of the Internet. ... Full Story | Top |
| Ex-Penn State coach Sandusky appeals child sex convictions Thursday, Oct 18, 2012 02:56 PM PDT  (Reuters) - Former Penn State football coach Jerry Sandusky appealed his child sex abuse convictions on Thursday, with his lawyers arguing they lacked time to prepare for the high-profile case. Sandusky's attorneys also asked that the convictions be tossed out or a new trial be held because prosecutors lacked evidence to convict him and statutes of limitations had run out. Sandusky, 68, was convicted in June on 45 counts of sexually abusing 10 boys in a case that stunned Pennsylvania State University and the public. He was sentenced this month to 30 to 60 years in prison. ... Full Story | Top |
| FDA finds fungus in steroid shots, meningitis toll rises Thursday, Oct 18, 2012 05:45 PM PDT  NEW YORK/LOS ANGELES (Reuters) - U.S. health officials made their first confirmation of the presence of a deadly fungus in one of three lots of steroids tied to a national meningitis outbreak as the death toll rose to 20 on Thursday. The U.S. Food and Drug Administration said it was still testing two additional lots of methylprednisolone acetate, the steroid used to treat back pain, for the presence of the rare Exserohilum fungus. It is also testing other injectable drugs that were supplied by the New England Compounding Center, or NECC, in Massachusetts. ... Full Story | Top |
| Romney gains on Obama on foreign policy issues: poll Thursday, Oct 18, 2012 01:47 PM PDT  WASHINGTON (Reuters) - Republican challenger Mitt Romney has gained substantial ground on Democratic President Barack Obama on foreign policy issues but Obama still holds a narrow lead, a poll showed on Thursday. Ahead of Monday's foreign policy debate between Obama and Romney, 47 percent of voters favor Obama and 43 percent back Romney when asked who could do a better job on foreign policy, according to the Pew Research Center for People and the Press. "This represents a substantial gain for Romney, who trailed Obama by 15 points on foreign policy issues in September," Pew said. ... Full Story | Top |
| Top brass to discuss U.S. Air Force role in cyber warfare Thursday, Oct 18, 2012 05:49 PM PDT WASHINGTON (Reuters) - Twenty top U.S. Air Force generals are due to discuss cyber warfare in a November meeting aimed at clarifying the service's role in this new and increasingly important arena of military conflict. The four-star generals prepared for the event with a day of meetings last month at U.S. Cyber Command and the National Security Agency, where they and some three-star generals were briefed on the rapidly changing nature of the cyber threat and U.S. capabilities. ... Full Story | Top |
| U.S. military court rules Fort Hood shooting suspect must shave Thursday, Oct 18, 2012 06:16 PM PDT  SAN ANTONIO (Reuters) - A U.S. military court ruled on Thursday that Fort Hood shooting suspect Major Nidal Hasan must shave his beard, which he says he grew because of his Muslim faith, before appearing for court-martial on murder charges connected to the 2009 rampage. Hasan is accused of opening fire on a group of soldiers who were undergoing medical exams at the Army post in Texas on November 5, 2009, in preparation for their deployment to Iraq. Thirteen people died in the attack and 32 others were wounded. He could face the death penalty if convicted. ... Full Story | Top |
| Appeals court rules against Defense of Marriage Act Thursday, Oct 18, 2012 01:38 PM PDT  NEW YORK (Reuters) - An appeals court in New York ruled on Thursday that a law defining marriage as a union between a man and a woman is unconstitutional. It was the second federal appeals court to reject the law, which could go before the Supreme Court soon. The ruling by the 2nd Circuit Court of Appeals was in favor of Edith Windsor, an 83-year-old woman who argued that the Defense of Marriage Act discriminates against gay and lesbian couples, violating equal protection provisions of the U.S. Constitution. The Defense of Marriage Act was passed in 1996. ... Full Story | Top |
| Boy Scout files reveal long history of child sex abuse cases Thursday, Oct 18, 2012 03:01 PM PDT  NEW YORK/PORTLAND, Oregon (Reuters) - A popular Colorado Boy Scout leader named Floyd Slusher allegedly had a strategy when it came to molesting boys: He first plied his victims with alcohol, then abused them and threatened to kill anyone who talked. On one occasion in 1976, according to police, Slusher told a Scout as he undressed the child that "what I'm going to do now, if I get arrested, after I get out of jail, I'll come after you and your family. ... Full Story | Top |
| Microsoft profit slips as PCs fizzle; Windows 8 awaited Thursday, Oct 18, 2012 03:52 PM PDT  SEATTLE (Reuters) - Microsoft Corp's quarterly profit fell a greater-than-expected 22 percent, as sales of computers running its Windows operating system dipped and some revenue was deferred ahead of upcoming releases of its core Windows and Office products. The sharp decline surprised investors, who had underestimated the effect of weak personal computer sales, sending Microsoft's shares down 1.3 percent in after-hours trading. "To us it seems like the macro conditions certainly deteriorated and no tech company will be immune to it," said Trip Chowdhry, analyst at Global Equities Research. ... Full Story | Top |
| U.S. military court rules Fort Hood shooting suspect must shave Thursday, Oct 18, 2012 04:52 PM PDT SAN ANTONIO (Reuters) - A U.S. military court ruled on Thursday that Fort Hood shooting suspect Major Nidal Hasan must shave his beard, which he says he grew because of his Muslim faith, before appearing for court-martial on murder charges connected to the 2009 rampage. Hasan is accused of opening fire on a group of soldiers who were undergoing medical exams at the Army post in Texas on November 5, 2009, in preparation for their deployment to Iraq. Thirteen people died in the attack and 32 others were wounded. He could face the death penalty if convicted. ... Full Story | Top |
| Exclusive: Libyan Islamist says he was at U.S. consulate during attack Thursday, Oct 18, 2012 02:43 PM PDT  BENGHAZI, Libya (Reuters) - A Libyan militia commander who U.S. officials say is under investigation in connection with the attacks on the American consulate in Benghazi which led to the death of the ambassador said he was present during the incident but was not one of the ringleaders. Some American newspapers have quoted unnamed Libyan officials as pointing to Ahmed Abu Khattala as the leader of the attacks on Sept, 11. The newspapers also reported that the officials said Abu Khattala's whereabouts were unknown. U.S. ... Full Story | Top |
| FDA finds fungus in steroid shots, meningitis toll rises Thursday, Oct 18, 2012 02:45 PM PDT NEW YORK/LOS ANGELES (Reuters) - U.S. health officials made their first confirmation of the presence of a deadly fungus in one of three lots of steroids tied to a national meningitis outbreak as the death toll rose to 20 on Thursday. The U.S. Food and Drug Administration said it was still testing two additional lots of methylprednisolone acetate, the steroid used to treat back pain, for the presence of the rare Exserohilum fungus. It is also testing other injectable drugs that were supplied by the New England Compounding Center (NECC) in Massachusetts. ... Full Story | Top |
| Obama hammers Romney over women, Iraq war Thursday, Oct 18, 2012 04:15 PM PDT  MANCHESTER, New Hampshire (Reuters) - President Barack Obama hammered Republican Mitt Romney over women's rights and foreshadowed arguments he will make in an upcoming debate on foreign policy during a campaign stop on Thursday in the battleground state of New Hampshire. The Democratic incumbent has rebounded since his sharper, more energetic performance in Monday night's debate helped make up for his heavily criticized, lackluster appearance in their first encounter, which gave Romney a boost in public opinion polls. ... Full Story | Top |
| Exxon seeks to quit flagship Iraq oil project Thursday, Oct 18, 2012 02:05 PM PDT  LONDON/WASHINGTON (Reuters) - Exxon Mobil wants to leave its giant oilfield project in southern Iraq, diplomatic sources said, in a move likely to aggravate the country's internal tensions and hamper Baghdad's ambitious energy expansion plans. The desire of the world's largest publicly traded oil company to quit was due to prospects of slim profits from the estimated $50 billion West Qurna-1 project, the sources said. An exit from the project would contrast with a deal Exxon signed a year ago to explore in Iraq's autonomous northern Kurdish region, where incentives are better. ... Full Story | Top |
| Judge in 9/11 case weighs whether Constitution applies at Guantanamo Thursday, Oct 18, 2012 01:14 PM PDT  GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - The Guantanamo tribunal judge should deal with constitutional challenges individually as they arise rather than make a blanket presumption the U.S. Constitution applies in the trial of five men accused of plotting the September 11 attacks, a U.S. prosecutor argued on Thursday. The matter arose in a pretrial hearing for alleged September 11 mastermind Khalid Sheikh Mohammed and four other Pakistani, Yemeni and Saudi captives facing charges that could lead to their execution. They are being tried at the Guantanamo Bay U.S. ... Full Story | Top |
| Jobless claims hint labor market improving slowly Thursday, Oct 18, 2012 10:00 AM PDT  WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits spiked last week, reversing a sharp decline in the prior week but still pointing to a labor market that is slowly healing. Other data on Thursday showed factory activity increased in the mid-Atlantic region during October, although not enough to suggest an end to broader weakness in factory output. Initial claims for state unemployment benefits rose a greater-than-expected 46,000 last week to a seasonally adjusted 388,000, the Labor Department said. ... Full Story | Top |
| Under fire over Congo rebels, Rwanda wins Security Council seat Thursday, Oct 18, 2012 02:16 PM PDT  UNITED NATIONS (Reuters) - Rwanda won a seat on the U.N. Security Council on Thursday, despite accusations by a U.N. panel that Rwanda's defense minister commands a rebellion in Democratic Republic of Congo, and warned countries against cutting off aid over the charges. Rwanda was unopposed in its bid for the African seat on the council that South Africa will vacate at the end of December, but still needed approval from two-thirds of the U.N. General Assembly members present to secure the two-year term. It won 148 votes in the 193-nation assembly. ... Full Story | Top |
| Colombian government, FARC rebels to meet in Cuba for peace talks Thursday, Oct 18, 2012 12:45 PM PDT  HURDAL, Norway/BOGOTA (Reuters) - Colombian government and leftist rebel negotiators agreed to meet in Cuba in mid-November to start what are likely to be thorny peace talks aimed at patching together an end to half a century of conflict, both sides said on Thursday. Talks, which opened in Norway this week, are the latest in a long history of attempts to resolve the war which has left tens of thousands dead and millions more displaced since the founding of the Revolutionary Armed Forces of Colombia, or FARC, in 1964. Colombian President Juan Manuel Santos is betting that a decade of U.S. ... Full Story | Top |
| Analysis: Wall Street frustrated with pace of change at GM Thursday, Oct 18, 2012 08:34 AM PDT  DETROIT (Reuters) - General Motors Co is frustrating the hell out of Wall Street. Many securities analysts have "buy" ratings on the stock and are hopeful that a raft of new cars and trucks hitting showrooms over the next year could ignite growth at the automaker, which was bailed out by the U.S. government in 2009. Yet they have nagging doubts. GM's European business is a mess, there is a big question mark over whether growth is slowing in China, and they worry the U.S. government's stake is holding the company back. ... Full Story | Top |
| Rosneft lodges bid for BP stake in TNK-BP: sources Thursday, Oct 18, 2012 10:47 AM PDT  LONDON/MOSCOW (Reuters) - Rosneft is poised to secure a tighter grip on Russia's oil industry with a bid for BP's 50 percent stake in TNK-BP, the country's third largest producing company. Sources familiar with the actions of British oil company BP, Rosneft, their advisers and financiers said a bid had been submitted to BP that valued the whole of TNK-BP at over $50 billion and BP's half at more than $25 billion. One source said the offer would be considered at a BP board meeting on Friday. ... Full Story | Top |
| Analysis: U.S. manufacturers turn to Russia, with love Thursday, Oct 18, 2012 10:43 AM PDT NEW YORK (Reuters) - American manufacturing companies are marching on Moscow. At a time when tepid growth at home, a slowing Chinese economy and recession in much of Western Europe is dogging Corporate America, Russia is getting newfound attention as a growth market for U.S. machinery, consumer goods and services. Russia, a World Trade Organization member since August, accounts for only about 1 percent of total U.S. trade, compared to China's 12 percent. ... Full Story | Top |
| After 79 years in print, Newsweek goes digital only Thursday, Oct 18, 2012 02:52 PM PDT  (Reuters) - Newsweek, one of the most internationally recognized magazine brands in the world, will cease publishing a print edition after nearly 80 years. The decision to go all-digital underscores the problems faced by newsweeklies, as more consumers favor tablets and mobile devices over print in an increasingly commoditized, 24-hour news cycle. The final print edition of the weekly current affairs magazine will hit newsstands on December 31. ... Full Story | Top |
| CDC says death toll rises to 20 in meningitis outbreak Thursday, Oct 18, 2012 11:55 AM PDT  (Reuters) - The number of deaths from fungal meningitis linked to potentially contaminated steroid injections has risen to 20 and the outbreak has reached a 16th state, New York, the Centers for Disease Control and Prevention said on Thursday. The deadly outbreak of the rare disease showed no signs of abating, as nine new cases of meningitis were reported, bringing the national total to 254, plus three peripheral infections in joints. Michigan reported its fourth death from meningitis. New cases also were reported in Indiana, New Hampshire, New Jersey, Ohio and Tennessee. ... Full Story | Top |
| Obama children's school evacuated after suspicious call Thursday, Oct 18, 2012 10:11 AM PDT WASHINGTON (Reuters) - Washington exclusive Sidwell Friends School, where President Barack Obama's daughters are students, was briefly evacuated on Thursday after a suspicious telephone call, the school said. The private Quaker school evacuated buildings on its Wisconsin Avenue campus in northwest Washington after the call, it said. Obama's daughters Sasha, 11, and Malia, 14, are Sidwell students. "After an investigation by law enforcement, it was determined that no risk was present. Students and employees have now returned to class," the school said in a statement on its website. ... Full Story | Top |
| Iraq says signs contract for 18 F-16 fighter jets Thursday, Oct 18, 2012 09:36 AM PDT BAGHDAD (Reuters) - Iraq has signed a contract to buy its second set of 18 F-16 fighters from the United States, part of a deal to purchase 36 of the jets to rebuild its air force, Iraq's acting defense minister said on Thursday. Baghdad signed an initial deal for the first set of 18 jets in September last year valued at roughly $3 billion and those aircraft are scheduled to be delivered by September 2014. "The (new) contract is no different from the first contract in terms of the technical and financial details. ... Full Story | Top |
| Google says RR Donnelley filed draft earnings statement without authorization Thursday, Oct 18, 2012 10:27 AM PDT  SAN FRANCISCO (Reuters) - Google Inc said its financial printer RR Donnelley filed a draft of its third quarter earnings statement without authorization on Thursday morning. Google said it was working to finalize the document and that it would hold its conference call at 1:30pm Pacific Time. (Reporting By Alexei Oreskovic) Full Story | Top |
| Clashes erupt at Greek anti-austerity protests Thursday, Oct 18, 2012 03:03 PM PDT  ATHENS (Reuters) - Greek police clashed with anti-austerity protesters hurling stones and petrol bombs on the day of a general strike that brought much of the near-bankrupt country to a standstill. In the second major walkout in three weeks on Thursday, almost 40,000 protesters marched in Athens in a bid to show EU leaders meeting in Brussels that new wage and pension cuts will only worsen their plight after five years of recession. ... Full Story | Top |
| Lonmin miners strike again in South Africa Thursday, Oct 18, 2012 09:35 AM PDT  JOHANNESBURG (Reuters) - Gold Fields said most miners returned to work at its strike-hit South African operations on Thursday but a new walkout at Lonmin's Marikana platinum mine dampened hopes of an end to the worst labor unrest since apartheid. More than 80,000 miners have downed tools since August in often violent strikes that are hitting growth and investor confidence in Africa's biggest economy and raising questions about President Jacob Zuma's leadership. ... Full Story | Top |
| U.S. uses excessive force along Mexican border: U.N. Thursday, Oct 18, 2012 09:46 AM PDT GENEVA (Reuters) - The United States has used excessive force against immigrants along the Mexican border and should cooperate in investigating border killings, including those of many young people, the top United Nations human rights official said on Thursday. "There have been very many young people, teenagers, who have been killed at the border," Navi Pillay, the U.N. High Commissioner for Human Rights, told a news conference. "The reports reaching me are that there has been excessive use of force by the U.S. border patrols while they are enforcing the immigration laws," she added. ... Full Story | Top |
| Bangladesh father denies son involved in New York bomb plot Thursday, Oct 18, 2012 06:49 AM PDT  DHAKA (Reuters) - The father of a Bangladeshi man accused of attempting to blow up the New York Federal Reserve Bank denied on Thursday that his son was involved and said he was the victim of a "racist conspiracy". Quazi Mohammad Rezwanul Ahsan Nafis, 21, was arrested on Wednesday and faces charges of attempting to use a weapon of mass destruction and attempting to provide material support to al Qaeda. "This is nothing but a conspiracy. There is still a racist conspiracy there," his father Quazi Mohammad Ahsanullah told reporters in the Bangladeshi capital Dhaka. ... Full Story | Top |
| At least 28,000 abducted in Syria: activist group Thursday, Oct 18, 2012 07:16 AM PDT  BEIRUT (Reuters) - At least 28,000 Syrians have gone missing since they were abducted by forces loyal to President Bashar al-Assad during the 19-month-old revolt, activist group Avaaz said on Thursday. Quoting statements from Syrian human rights lawyers and families, Avaaz said security forces had set out to terrorize communities by grabbing people off the street and torturing them. Other rights groups have also accused Syrian rebel groups of abducting people they deem pro-government. ... Full Story | Top |
| FBI arrests man for attempting to bomb New York Federal Reserve Thursday, Oct 18, 2012 06:39 AM PDT NEW YORK (Reuters) - The FBI on Wednesday arrested a Bangladeshi man in a sting operation on charges he attempted to blow up the New York Federal Reserve Bank with what he believed was a 1,000-pound (450-kg) bomb, federal authorities said. Quazi Mohammad Rezwanul Ahsan Nafis, 21, faces charges of attempting to use a weapon of mass destruction and attempting to provide material support to al Qaeda, the U.S. Department of Justice said in a statement. If convicted, he faces life in prison. ... Full Story | Top |
| Morgan Stanley beats estimates on big bond trade gains Thursday, Oct 18, 2012 02:52 PM PDT  (Reuters) - Morgan Stanley reported better-than-expected adjusted quarterly earnings on Thursday as it boosted revenue from trading bonds, long a sore spot for the investment bank. Morgan Stanley's bond trading business suffered over the summer, hurt by an expected ratings downgrade by Moody's. But the cut was smaller than many observers had feared, and Morgan Stanley's trading business revived in the third quarter, Chief Financial Officer Ruth Porat said. "Clients re-engaged and continued to re-engage throughout the quarter," Porat told Reuters in an interview. ... Full Story | Top |
| Apple loses tablet copyright appeal against Samsung Thursday, Oct 18, 2012 05:27 AM PDT  LONDON (Reuters) - Apple has lost its appeal against a ruling that cleared rival Samsung of copying its registered designs for tablet computers, in a decision which could end the two firms' legal dispute on the subject across Europe. The world's two leading smartphone makers are fighting over patents, both for smartphones and for tablets like Apple's iPad, in courts around the world. ... Full Story | Top |
| Attacker of Pakistani schoolgirl was held, freed in 2009: sources Thursday, Oct 18, 2012 04:47 AM PDT ISLAMABAD (Reuters) - The alleged organizer of the Taliban shooting of a Pakistani schoolgirl was captured during a 2009 military offensive against the hardline Islamist group but released after three months, two senior officials told Reuters. They identified the man who planned the attack on 14-year-old Malala Yousufzai only as Attaullah, and said he was one of the two gunmen who shot her on a school bus this month in the Swat Valley, northwest of Islamabad. Believed to be in his 30s, Attaullah is on the run and may have fled to neighboring Afghanistan, they said. ... Full Story | Top |
| Analysis: Soccer - Serbia faces tough battle to eradicate intolerance Thursday, Oct 18, 2012 06:54 AM PDT BELGRADE (Reuters) - Even a ban from international soccer may not prove enough to rid Serbia of its perennial problems with racism and hooliganism, such is the deep-rooted intolerance among fans. England's Danny Rose said he was racially abused by supporters in the Serbian city of Krusevac during Tuesday's European Under-21 Championship qualifier, which ended in an on-pitch brawl after England won 2-0 on aggregate to reach next year's finals. ... Full Story | Top |
| Kenya charges lawmaker who backs coastal secessionists Thursday, Oct 18, 2012 06:42 AM PDT  MOMBASA, Kenya (Reuters) - A Kenyan lawmaker and prominent Muslim preacher appeared in court on Thursday accused of inciting violence, days after he said he would be willing to fund a group campaigning for independence for the country's coastal region. Sheikh Mohammed Dor was charged with "incitement to violence" and uttering words that "indicated or implied that it was or might be desirable to disobey the lawful authority of the government of Kenya". ... Full Story | Top |
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