Today's Yahoo! News - Latest News & Headlines:
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Afghan officials: Fire from Pakistan led to attack
Sun,27 Nov 2011 07:36 PM PST
AP -  Afghanistan officials claimed Sunday that Afghan and NATO forces were retaliating for gunfire from two Pakistani army bases when they called in airstrikes that killed 24 Pakistani soldiers, adding a layer of complexity to an episode that has further strained Pakistan's ties with the United States.
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US student says he was beaten after Cairo arrest
Sun,27 Nov 2011 04:19 PM PST
AP -  Forced to lie still for hours in the dark, the American students held during protests in Egypt were told they would be shot if they moved or made any noise, one of them said Sunday on his first full day home.
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In unprecedented step, Arab League sanctions Syria
Sun,27 Nov 2011 12:29 PM PST
AP -  In an unprecedented move against an Arab nation, the Arab League on Sunday approved economic sanctions on Syria to pressure Damascus to end its deadly suppression of an 8-month-old uprising against President Bashar Assad.
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Gingrich wins NH backing as Romney plugs along
Sun,27 Nov 2011 03:29 PM PST
AP -  Republican presidential hopeful Newt Gingrich landed the endorsement of New Hampshire's largest newspaper on Sunday while rival Mitt Romney earned a dismissive wave, potentially resetting the race in the state with the first-in-the-nation primary.
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Occupy LA deadline comes, many say they won't go
Sun,27 Nov 2011 06:27 PM PST
AP -  Hundreds of Occupy Los Angeles protesters showed no sign they planned to move Sunday ahead of a city-imposed midnight deadline to abandon their encampment, saying they would instead hold an "eviction block party."
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GOP Latinos face questions over immigrant pasts
Sun,27 Nov 2011 03:28 PM PST
AP -  New Mexico Gov. Susana Martinez is forced to research and clarify her late grandfather's immigration status. Marco Rubio, Florida's GOP Senator, is accused of embellishing his family's immigrant story. A Republican congressional candidate in California puts on his website that he is the great-grandson of an illegal immigrant.
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New Mass translation launches in American parishes
Sun,27 Nov 2011 02:04 PM PST
AP -  English-speaking Roman Catholics who have regularly attended Mass for years found themselves in an unfamiliar position Sunday, needing printed cards or sheets of paper to follow along with a ritual many have known since childhood.
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Best Buy a winner as holiday weekend sales surge
Sun,27 Nov 2011 06:30 PM PST
Reuters -  NEW YORK (Reuters) - U.S. retails racked up a record $52.4 billion in sales over Thanksgiving weekend, a 16.4 percent jump from a year earlier, as early hours and attractive promotions brought out more shoppers, an industry trade group said on Sunday. Among the early winners after the traditional start of the holiday shopping season was Best Buy Co Inc, a reversal from 2010 when the electronics retailer's erroneous bet on 3D televisions led to a disappointing season. ...
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Arab sanctions tighten noose on Syria's Assad
Sun,27 Nov 2011 06:51 PM PST
Reuters -  AMMAN (Reuters) - The Arab League approved unprecedented economic sanctions against Syria, isolating President Bashar al-Assad's government over its eight-month crackdown on protests against his rule. Britain said the sanctions could help enlist support at the United Nations for action against Damascus, which launched the crackdown against protesters calling for Assad's removal soon after the uprising began eight months ago. The United Nations says Syrian security forces have killed more than 3,500 people in the crackdown. ...
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Germany, France examine radical push for eurozone integration
Sun,27 Nov 2011 05:39 PM PST
Reuters -  BRUSSELS (Reuters) - Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, officials say. Germany's original plan was to try to secure agreement among all 27 EU countries for a limited treaty change by the end of 2012, making it possible to impose much tighter budget controls over the 17 euro zone countries -- a way of shoring up the region's defenses against the debt crisis. ...
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Rage grips Pakistan over NATO attack
Sun,27 Nov 2011 02:03 PM PST
Reuters -  ISLAMABAD/KABUL (Reuters) - Fury spread in Pakistan Sunday over a NATO cross-border air attack that killed 24 Pakistani soldiers and could undermine the U.S. effort to wind up the war in Afghanistan. Sunday night in Pakistan, more than 40 hours after the incident, many questions remained. NATO described the killings as a "tragic unintended incident" and said an investigation was underway. A Western official and an Afghan security official who requested anonymity said NATO troops were responding to fire from across the border. ...
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Struggling to stay above water
Sun,27 Nov 2011 03:17 PM PST
Reuters -  WASHINGTON (Reuters) - The world economy is on a slippery slope. The euro zone appears to have tipped into a mild recession and the rest of the global economy is struggling to hold onto firm ground. China is slowing, Japan's exports are tumbling. Eastern European countries are wobbling as credit dries up from a pullback in lending by euro-zone banks. In the United States, the improving economic picture has clouded somewhat after a mixed batch of economic data and downward revision to third-quarter growth to 2.0 percent doused some of the optimism for a strong fourth quarter. ...
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Last chance to save Kyoto deal at climate talks
Sun,27 Nov 2011 03:35 PM PST
Reuters -  DURBAN (Reuters) - Countries will make a last ditch effort to save a dying Kyoto Protocol at global climate talks starting on Monday aimed at cutting the greenhouse gas emissions blamed by scientists for rising sea levels, intense storms and crop failures. Kyoto, which was adopted in 1997 and entered into force in 2005, commits most developed states to binding emissions targets. The talks are the last chance to set another round of targets before the first commitment period ends in 2012. ...
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Italy's Monti in austerity race as IMF role eyed
Sun,27 Nov 2011 03:27 PM PST
Reuters -  ROME (Reuters) - Prime Minister Mario Monti faces a testing week seeking to shore up Italy's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency. Monti is expected to unveil measures on December 5 that could include a revamped housing tax, a rise in sales tax and accelerated increases in the pension age. But pressure from the markets could force him to act more quickly. ...
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Protests against military rule cloud Egypt election
Sun,27 Nov 2011 10:59 AM PST
Reuters -  CAIRO (Reuters) - Protesters rallied again in Cairo on Sunday to try to evict Egypt's ruling generals, in a trial of strength that has muddied the run-up to Egypt's first vote since a popular revolt deposed former leader Hosni Mubarak. The parliamentary election that gets under way on Monday and Tuesday is the first step in a transfer to civilian rule, promised by the ruling army council that replaced Mubarak. ...
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Futures rise in electronic trade on Europe hopes
Sun,27 Nov 2011 04:30 PM PST
Reuters -  NEW YORK (Reuters) - U.S. stock futures jumped in early electronic trading on Sunday on the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis. U.S. stocks suffered their worst week in two months last week. The lack of a credible solution to Europe's debt crisis kept investors away from risky assets and downgrades of Belgium and Hungary added to the gloom. Germany and France are exploring radical ways to integrate euro zone countries in order to impose tighter budget control. ...
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Exclusive: Key figure in Olympus scandal found in Hong Kong
Sun,27 Nov 2011 06:21 AM PST
Reuters -  HONG KONG (Reuters) - Reuters found a Japanese banker who is a key figure in the Olympus Corp accounting scandal at a luxury apartment block in Hong Kong on Sunday, where he exploded in anger at finally being tracked down. Akio Nakagawa's boutique U.S. investment firm earned a $687 million fee from Olympus for a 2008 deal that made it the biggest advisory payment in history, and which the Japanese camera maker now admits was used to hide investment losses. The whereabouts of the former PaineWebber banker had been unknown until Sunday. ...
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Germany, France examine radical push for eurozone integration
Sun,27 Nov 2011 02:58 PM PST
Reuters -  BRUSSELS (Reuters) - Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, officials say. Germany's original plan was to try to secure agreement among all 27 EU countries for a limited treaty change by the end of 2012, making it possible to impose much tighter budget controls over the 17 euro zone countries -- a way of shoring up the region's defenses against the debt crisis. ...
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Best Buy gets it right, joins early holiday winners
Sun,27 Nov 2011 03:01 PM PST
Reuters -  NEW YORK (Reuters) - Having the right products at the right price at the right time helped make Best Buy Co Inc one of the early winners in what was a record start for U.S. retailers to the holiday shopping season. The electronics retailer, which was one of the biggest losers in 2010, drew in shoppers by being one of the companies that opened its stores at midnight Thanksgiving night, and unlike in 2010, it focused more on having lower prices for big TVs and other popular items. "Last year, they weren't as responsive with their pricing as they needed to be. ...
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Arabs impose sanctions on Syria over crackdown
Sun,27 Nov 2011 09:24 AM PST
Reuters -  CAIRO (Reuters) - Arab states voted Sunday to impose economic sanctions on Syria immediately, in response to President Bashar al-Assad's failure to halt a violent crackdown on an eight-month uprising against his rule. Qatar said that if Arab nations failed to resolve the crisis, other foreign powers might intervene. Nineteen of the Arab League's 22 members voted for sanctions that include a travel ban on senior Syrian officials, freezing Syrian government assets, halting trade dealings with the central bank and stopping Arab investment. ...
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Analysis: NYSE stokes Wall St battle for "mom and pop" investors
Sun,27 Nov 2011 02:45 PM PST
Reuters -  NEW YORK (Reuters) - The fight for mom and pop's stock orders is getting testy on Wall Street. The New York Stock Exchange wants to give retail investors fractions of a penny in better prices when they trade securities listed there. The plan, unveiled last month, would effectively set individuals apart from funds, brokers and other professionals - who would still pay the publicly displayed prices. It is an effort to induce retail investors back from trading mostly off-exchange at electronic "wholesalers. ...
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Shoppers spent more cash over Thanksgiving weekend: NRF
Sun,27 Nov 2011 11:38 AM PST
Reuters -  NEW YORK (Reuters) - More people headed to stores and websites over the Thanksgiving holiday weekend, and average spending per person rose 9.1 percent as bargain-hunting shoppers scooped up discounts on everything from gadgets to hoodies, a National Retail Federation survey on Sunday showed. The trade group's survey found that a record 226 million shoppers visited stores and websites over "Black Friday" weekend, up from 212 million last year. It defines the Black Friday weekend as Thursday, Friday, Saturday and projected spending for Sunday. The average spending for the weekend rose to $398. ...
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