Today's Yahoo! News - Latest News & Headlines:
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Egypt military rulers reject calls to step down
Thu,24 Nov 2011 07:29 PM PST
AP -  Egypt's military rulers rejected protester demands for them to step down immediately and said Thursday they would start the first round of parliamentary elections on time next week, despite serious unrest in Cairo and other cities.
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Occupy movements nationwide celebrate Thanksgiving
Thu,24 Nov 2011 07:38 PM PST
AP -  Most Americans spent Thanksgiving snug inside homes with families and football. Others used the holiday to give thanks alongside strangers at outdoor Occupy encampments, serving turkey or donating their time in solidarity with the anti-Wall Street movement that has gripped a nation consumed by economic despair.
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26 bodies dumped in mass slaying in Guadalajara
Thu,24 Nov 2011 06:06 PM PST
AP -  The bound and gagged bodies of 26 young men were found dumped Thursday in the heart of Mexico's second-largest city, in what experts said could mark a new stage in the full-scale war between the country's two main drug cartels, Sinaloa and the Zetas.
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Ruth Stone, award-winning poet, dies in Vt. at 96
Thu,24 Nov 2011 04:22 PM PST
AP -  Ruth Stone, an award-winning poet for whom tragedy halted, then inspired a career that started in middle age and thrived late in life as her sharp insights into love, death and nature received ever-growing acclaim, has died in Vermont. She was 96.
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Sarkozy, Merkel agree to stop sniping on ECB crisis
Thu,24 Nov 2011 12:55 PM PST
Reuters -  STRASBOURG, France (Reuters) - France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis. President Nicolas Sarkozy and Chancellor Angela Merkel said after talks with Italian Prime Minister Mario Monti that they trusted the independent central bank and would not touch its inflation-fighting mandate when they propose changes of the European Union's treaty to achieve closer fiscal union. ...
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Olympus ex-CEO Woodford says boardroom talks "constructive"
Thu,24 Nov 2011 06:58 PM PST
Reuters -  TOKYO (Reuters) - The ex-CEO of Japan's disgraced Olympus Corp held what he called a constructive meeting on Friday with the directors who had sacked him, and said all hoped the firm could avoid being delisted over the accounting scandal engulfing it. Briton Michael Woodford, still an Olympus director despite being fired as CEO a month ago and blowing the whistle over the scandal, had made a rock-star entrance to the meeting, pushing past TV crews on his first trip back to Japan since his sacking. ...
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AT&T braces for T-Mobile deal collapse
Thu,24 Nov 2011 03:07 PM 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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Syria faces Arab sanctions deadline over monitors
Thu,24 Nov 2011 03:16 PM PST
Reuters -  BEIRUT (Reuters) - Syria faces a Friday deadline to sign an Arab deal allowing monitors into the country or incur sanctions over its crackdown on protests including halting flights, curbing trade and stopping deals with the central bank. Arab foreign ministers warned in Cairo that unless Syria agreed to let the monitors in to assess progress of an Arab League plan to end eight months of bloodshed, officials would consider imposing sanctions on Saturday. ...
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Thanksgiving kicks off fight for holiday sales
Thu,24 Nov 2011 01:10 PM PST
Reuters -  (Reuters) - The holiday shopping season is in full swing on Thursday, with retailers hoping consumers will spend big despite worries about the fragile economy and their own precarious finances. The shopping period has been underway for some time as retailers such as Wal-Mart Stores Inc and Toys R Us started early by offering layaway programs. But shoppers are looking for major bargains and retail executives are predicting a more competitive season than 2010. An Old Navy store in Watchung, New Jersey, was teeming with shoppers on Thursday morning, while a line outside a Best Buy in Union, N.J. ...
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Egypt braces for fresh rally against army rule
Thu,24 Nov 2011 03:11 PM PST
Reuters -  CAIRO (Reuters) - Activists vowed to crank up pressure on Egypt's generals on Friday with an overwhelming show of people power to cap almost a week of protests against army rule that have left 41 people dead. State media said the army leaders picked a political veteran in his late 70s to form a national salvation government, a choice that was quickly snubbed by many of the young activists who have led the demonstrations in Tahrir Square. ...
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Lawmakers to look at Corzine, rating firms' ties: report
Thu,24 Nov 2011 04:01 PM PST
Reuters - (Reuters) - U.S. lawmakers plan to look into the relationship between bankrupt mid-size brokerage firm MF Global Holdings Ltd's former CEO Jon Corzine and the major credit-rating agencies, The Wall Street Journal reported on Thursday, citing a person familiar with the matter. MF Global's credit ratings were cut to junk in the days before its October 31 bankruptcy. A U.S. congressional subcommittee plans a December 15 hearing with regulators and top MF Global officials to review the firm's collapse. ... Full Story | Top |
Australia approves $11 billion Foster's sale to SABMiller
Thu,24 Nov 2011 03:23 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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James Turley to retire as Ernst & Young CEO
Thu,24 Nov 2011 11:58 AM PST
Reuters -  (Reuters) - Accounting and consulting firm Ernst & Young said chairman and chief executive James Turley will retire in June 2013. Turley told the firm's worldwide partners in a November 10 communication that he would retire at age 58, on June 30, 2013, Ernst & Young said in a statement. A replacement will be named by April 2012, it added. "He's gotten them through some ugly litigation," Jonathan Hamilton, editor of the Accounting News Report, said. Many feared that the lawsuits stemming from the firm's audits of hospital operator HealthSouth Corp would cripple Ernst & Young, he added. ...
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Doctor brain drain costs Africa $2 billion
Thu,24 Nov 2011 04:08 PM PST
Reuters - LONDON (Reuters) - Sub-Saharan African countries that invest in training doctors have ended up losing $2 billion as the expert clinicians leave home to find work in more prosperous developed nations, researchers said on Friday. A study by Canadian scientists found that South Africa and Zimbabwe suffer the worst economic losses due to doctors emigrating, while Australia, Canada, Britain and the United States benefit the most from recruiting doctors trained abroad. ... Full Story | Top |
Olympus ex-CEO Woodford faces tense showdown
Thu,24 Nov 2011 03:44 PM PST
Reuters -  TOKYO (Reuters) - Japan's disgraced Olympus Corp is set for a tense boardroom showdown on Friday when its former chief executive confronts the men who sacked him a month ago with his own call for their resignations over a huge accounting scandal. Michael Woodford, still an Olympus director despite being fired as CEO and blowing the whistle over the scandal, plans to attend the firm's scheduled board meeting in Tokyo, his first return to the boardroom since it unanimously dumped him on October 14. ...
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Analysis: Some draw hope from rare German weakness
Thu,24 Nov 2011 11:10 AM PST
Reuters -  BRUSSELS (Reuters) - Wednesday's failed bond auction in Germany may mark the moment the penny dropped for Berlin. That, at least, is the hope of some of its European partners. While Greece, Ireland and Portugal have had to suffer the ignominy of taking bailouts from the EU and IMF, and Spain, Italy and France are now firmly in the firing line, Europe's most powerful economy has remained above the fray. ...
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Fitch cuts Portugal rating on high debts, worse outlook
Thu,24 Nov 2011 08:32 AM PST
Reuters -  LISBON (Reuters) - Fitch downgraded Portugal's credit rating to junk status on Thursday, citing large fiscal imbalances, high debts and the risks to its EU-mandated austerity program from a worsening economic outlook. The ratings agency cut Portugal to BB+ from BBB-, which is still one notch higher than Moody's rating of Ba2. S&P still rates Portugal investment grade. Fitch said a deepening recession makes it "much more challenging" for the government to cut the budget deficit but it still expects fiscal goals to be met both this year and next. ...
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German bonds fall; stocks, euro vulnerable
Thu,24 Nov 2011 05:34 AM PST
Reuters -  LONDON (Reuters) - German government bond yields hit their highest in nearly a month and world stocks held near 7-week lows Thursday, a day after a weak debt sale in Berlin fanned fears the euro zone debt crisis is starting to threaten its biggest > falling 115 ticks on the day to 134.66, the lowest since October 31. Ten-year German government bond yields rose as high as 2.14 percent compared with economy. ...
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Giffords serves turkey at Tucson air base
Thu,24 Nov 2011 11:17 AM PST
Reuters -  (Reuters) - Congresswoman Gabrielle Giffords served a Thanksgiving meal on Thursday to Air Force personnel in her first constituent event since she was shot in the head in January, her office said. Giffords dished out turkey with tongs as she stood between Brigadier General Jon Norman and her husband Mark Kelly, said Giffords' spokesman Mark Kimble. The event at Davis-Monthan Air Force Base was expected to draw more than 400 people, mostly U.S. Air Force personnel, retired service members and their families. Giffords was shot on January 8 at an event for constituents at a Tucson supermarket. ...
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