Today's Yahoo! News - Latest News & Headlines:
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Egypt's military under pressure from protests, US
Fri,25 Nov 2011 03:29 PM PST
AP -  The U.S. increased pressure Friday on Egypt's military rulers to hand over power to civilian leaders, and the generals turned to a Mubarak-era politician to head a new government in a move that failed to satisfy the more than 100,000 protesters who jammed Tahrir Square in the biggest rally yet this week.
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Sharp elbows: Shoppers scuffle on Black Thursday
Fri,25 Nov 2011 02:45 PM PST
AP -  A shopper in Los Angeles pepper-sprayed her competition for an Xbox and scuffles broke out elsewhere around the U.S. as bargain-hunters crowded stores in an earlier-than-usual start to the madness known as Black Friday.
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Mayor: Occupy LA must leave City Hall camp Monday
Fri,25 Nov 2011 07:51 PM PST
AP - Mayor Antonio Villaraigosa gave a lengthy tribute to Occupy LA protesters on Friday before telling them they must leave their encampment on the lawn of City Hall by 12:01 a.m. Monday, citing public health and safety concerns. Full Story | Top |
Battery fires prompt govt probe of Chevy Volt
Fri,25 Nov 2011 07:26 PM PST
AP -  New fires involving the lithium-ion batteries in General Motors Co.'s Chevrolet Volt have prompted an investigation to assess the risk of fire in the electric car after a serious crash, the National Highway Traffic Safety Administration said Friday.
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Former NYT columnist, author Tom Wicker dies
Fri,25 Nov 2011 05:34 PM PST
AP -  Tom Wicker, the former New York Times political reporter and columnist whose career soared following his acclaimed coverage of the assassination of President John F. Kennedy, died Friday at his home in Rochester, Vt. He was 85.
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Syria faces sanctions but army stands by regime
Fri,25 Nov 2011 11:57 AM PST
AP -  The Syrian military vowed Friday to "cut every evil hand" that targets the country's security, a defiant stance by the regime as it faces the possibility of sweeping economic sanctions from the Arab League.
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Suh says actions 'unacceptable'
Fri,25 Nov 2011 07:41 PM PST
AP -  For the first season-and-a-half of his young career, Ndamukong Suh could almost brush off talk about his penalties and fines, saying he would keep doing what was needed to help his Detroit Lions.
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Black Friday draws crowds, but spending in doubt
Fri,25 Nov 2011 07:16 PM PST
Reuters -  (Reuters) - Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season. The Brooklyn, New York teacher, one of hundreds of thousands of shoppers jostling for deals around the country, said he ended up spending about 25 percent more than he planned, even while worrying about the state of the economy. ...
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Protesters dig in to keep pressure on Egypt army
Fri,25 Nov 2011 03:18 PM PST
Reuters -  CAIRO (Reuters) - Protesters demanding an end to army rule in Egypt sought on Saturday to build on momentum from a mass protest, bedding down in Cairo's Tahrir Square for a ninth day just two days before the first free parliamentary polls in living memory. Thousands stayed in the square late into the night on Friday, aiming to keep up pressure on the Supreme Council of the Armed Forces to further speed up a transition to democracy which they believe requires the generals to leave power now. ...
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AT&T to offer bigger asset sale to save T-Mobile deal: report
Fri,25 Nov 2011 06:46 PM PST
Reuters -  (Reuters) - AT&T Inc is considering an offer to divest a significantly larger portion of assets than it had initially expected, in order to salvage its $39 billion deal to buy T-Mobile USA, Bloomberg reported citing a person familiar with the plan. Bloomberg said the exact size of the divestiture hasn't been determined but reported it could be as much as 40 percent of T-Mobile USA's assets. ...
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Bond market hammers Italy, Spain ponders outside help
Fri,25 Nov 2011 01:37 PM PST
Reuters -  ROME/MADRID (Reuters) - Italy's borrowing costs soared to their highest levels since Rome joined the euro on Friday, piling pressure on the newly installed government of Mario Monti at the end of a week in which the euro zone crisis tainted even safe haven Germany. A punishing bond sale, in which Italy was forced to pay a record 6.5 percent for six months paper, came after a disastrous German bond auction earlier in the week and the leaders of France, Germany and Italy failed to make headway in tackling the growing debt crisis. ...
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Corzine expected to testify at House hearing: source
Fri,25 Nov 2011 02:58 PM PST
Reuters -  WASHINGTON (Reuters) - Former MF Global Chief Executive Jon Corzine is expected to testify at a congressional hearing next month, a committee aide said on Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part. The House Financial Services Committee announced earlier this week that Corzine, a former U.S. senator and governor of New Jersey and one-time head of Goldman Sachs, would appear at a December 15 investigations subcommittee hearing. ...
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Global supermarkets wary of fine print on India invite
Fri,25 Nov 2011 01:38 PM PST
Reuters -  NEW DELHI (Reuters) - Global supermarket chains welcomed a long-awaited invitation from India to invest in the country's $450 billion retail market, but they fear the small print may keep a lid on investment in the short term. The government on Thursday approved 51 percent foreign direct investment in supermarkets, paving the way for firms such as Wal-Mart Stores Inc, Tesco and Carrefour to enter one of the world's largest untapped markets. Shares in Indian retailers jumped -- bucking the weaker stock market trend -- in anticipation of interest from those big foreign retailers. ...
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Arab League prepares for Syria sanctions
Fri,25 Nov 2011 03:22 PM PST
Reuters -  BEIRUT (Reuters) - Arab officials will prepare plans for sanctions against Syria on Saturday over its failure to let Arab League monitors oversee an initiative aimed at ending a violent crackdown on protests against President Bashar al-Assad. Damascus missed a Friday deadline to sign an agreement under which the Arab League planned to send observers to Syria, where the United Nations says 3,500 people have been killed since the start of the uprising in March. ...
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Analysis: Sprint network upgrade may curb unlimited data
Fri,25 Nov 2011 01:39 PM PST
Reuters -  NEW YORK (Reuters) - Sprint Nextel may be forced to abandon the biggest advantage it has over its rivals - unlimited data services for a flat fee - because of heavy data users and a shortage of wireless airwaves. Moreover, the increasing likelihood that AT&T's plan to buy T-Mobile USA, the nation's fourth-largest mobile operator, will fail may have the paradoxical result of making Sprint's position even more untenable, according to analysts who follow all three companies. ...
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U.S. opening formal probe into GM Volt fire risk
Fri,25 Nov 2011 04:03 PM PST
Reuters -  (Reuters) - U.S. auto safety regulators are opening a formal investigation into fire risks in General Motors' Volt vehicles, the National Highway Traffic Safety Administration said on Friday. The NHTSA said it was taking the action after recreation this month of a May crash test resulted in fires in two out of three tests. ...
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Newsmaker: Technocrat "oil man" takes charge of Libya lifeline
Fri,25 Nov 2011 01:41 PM PST
Reuters -  TRIPOLI (Reuters) - Libya's new oil minister is seen as the right kind of technocrat, deeply experienced yet not too closely tied to the former regime of Muammar Gaddafi, to help restore the OPEC member's economic lifeline after eight months of war. Abdulrahman Ben Yazza is in his mid-50s and brings experience from both Libya's oil industry and Italian firm Eni, the largest foreign oil producer in Libya before the war. He worked at Libya's Waha Oil company and at the state-owned National Oil Corporation (NOC), culminating in a seat on the management committee. ...
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Black Friday draws crowds, but spending in doubt
Fri,25 Nov 2011 01:40 PM PST
Reuters -  (Reuters) - Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season. The Brooklyn, New York teacher, one of hundreds of thousands of shoppers jostling for deals around the country, said he ended up spending about 25 percent more than he planned, even while worrying about the state of the economy. ...
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AT&T braces for T-Mobile deal collapse
Fri,25 Nov 2011 11:19 AM PST
Reuters -  LONDON/FRANKFURT (Reuters) - AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition. The U.S. telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the U.S. Department of Justice, but withdrew applications to the industry regulator, for now at least. ...
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U.S. opening formal probe into GM Volt fire risk
Fri,25 Nov 2011 02:46 PM PST
Reuters -  (Reuters) - U.S. auto safety regulators are opening a formal investigation into fire risks in General Motors' Volt vehicles. The National Highway Traffic Safety Administration said on Friday it was taking the step after efforts to recreate a May crash test saw fires result from two out of three crash tests performed this month. ...
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Ex-Olympus CEO says willing but not begging to return
Fri,25 Nov 2011 01:38 PM PST
Reuters -  TOKYO (Reuters) - The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't "begging" to return and clean up the mess. Michael Woodford, still an Olympus director despite being fired as CEO and blowing the whistle over the scam, described the meeting as a tense encounter with no handshakes or apologies offered from the men who had sacked him barely a month ago. ...
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Australia approves $11 billion Foster's sale to SABMiller
Fri,25 Nov 2011 01:40 PM PST
Reuters -  CANBERRA (Reuters) - Australia's government approved on Friday SABMiller's A$11.5 billion ($11.2 billion) deal to acquire Foster's Group Ltd under foreign acquisitions laws, but imposed conditions requiring the company to keep brewing operations in Australia. The government approval is the final regulatory condition to be cleared ahead of the Foster's shareholders vote set for December 1, which is expected to pass the deal. ...
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