Today's Yahoo! News - Latest News & Headlines:
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Insight: The day Europe lost patience with Britain
Sun,11 Dec 2011 07:43 PM PST
Reuters -  BRUSSELS (Reuters) - It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with EU founding members France and Germany and committed to binding their economies ever more tightly. There was plenty of talk of history in the making in the week before the Dec 8/9 gathering of European Union leaders - the eighth this year. ...
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U.S.-listed firms told to reveal Syria, Iran links: FT
Sun,11 Dec 2011 07:43 PM PST
Reuters -  NEW YORK (Reuters) - At least a dozen U.S.-listed companies have been told by the U.S. Securities and Exchange Commission to disclose business activity in and with Syria, Iran and others deemed "state sponsors" of terror by the state department, the Financial Times said on Sunday. The inquiries are part of SEC reviews of companies' investment risks to security holders. Sony Corp, Caterpillar Inc, American Express, Aecom Technology, Iridex and Veolia Environnement are among the companies that received letters from the SEC's corporate finance division, the report said. ...
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EU summit may not calm investors for long
Sun,11 Dec 2011 04:17 PM PST
Reuters -  BERLIN (Reuters) - Last week's EU summit went a long way towards forging the closer economic ties needed to prevent future debt crises but markets are likely to judge it as too little and too late to solve the current one, and as on previous occasions the measures are unlikely to calm investors for long. European Union (EU) leaders ended the summit with a historic agreement to draft a new treaty for deeper integration in the euro zone, but analysts and policymakers remained sceptical such long-term steps could solve the crisis that has shaken Europe for two years. ...
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Obama says to keep standing up to Congress on taxes
Sun,11 Dec 2011 04:01 PM PST
Reuters -  WASHINGTON (Reuters) - President Barack Obama defended his leadership style on Sunday and said he would keep standing up to Congress as another stand-off over taxes and deficits brewed on Capitol Hill. In an interview on CBS' "60 Minutes," Obama suggested his wife, Michelle, had mixed feelings about their time in the White House but said he had no hesitation about seeking re-election next year, saying he wanted to finish the job of putting the U.S. economy on stronger, and fairer, footing. ...
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McConnell expects bipartisan deal on tax cut
Sun,11 Dec 2011 02:02 PM PST
Reuters -  WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell predicted on Sunday that Congress will renew a popular payroll tax cut, but it remained unclear how lawmakers will resolve deep differences before the December 31 deadline. While he did not unveil a new deal, McConnell signaled that he and others anticipate having one soon. "We're going to reach an agreement," McConnell told "Fox News Sunday," noting there is "bipartisan support" for extending the tax cut. The 4.2 percent payroll tax that workers pay to fund the Social Security retirement system will return to 6. ...
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New U.N. climate deal struck, critics say gains modest
Sun,11 Dec 2011 11:57 AM PST
Reuters -  DURBAN (Reuters) - Countries from around the globe agreed on Sunday to forge a new deal forcing all the biggest polluters for the first time to limit greenhouse gas emissions, but critics said the plan was too timid to slow global warming. A package of accords agreed after marathon U.N. talks in South Africa extended the 1997 Kyoto Protocol - the only global pact enforcing carbon cuts - allowing five more years to finalize a wider pact which has so far eluded negotiators. ...
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Medvedev orders Russia poll inquiry, gets insults
Sun,11 Dec 2011 04:39 PM PST
Reuters -  MOSCOW (Reuters) - President Dmitry Medvedev ordered an investigation on Sunday into allegations of fraud in Russia's parliamentary election, one day after tens of thousands of protesters demanded it be annulled and rerun. Medvedev responded on his Facebook site to the protesters' complaints that the December 4 election, won by Prime Minister Vladimir Putin's United Russia, was slanted in its favor. But he did not mention their calls for an end to Putin's rule and received one insult after another on his Facebook site from people who made clear his reply was insufficient. ...
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Airport search complaints prompt calls for on-site advocates
Sun,11 Dec 2011 02:43 PM PST
Reuters -  NEW YORK (Reuters) - Two New York politicians urged the Transportation Security Administration on Sunday to provide passenger advocates on site at airport screenings after four elderly women complained of intrusive searches by security agents in recent months. Senator Charles Schumer and State Senator Michael Gianaris told Homeland Security Director Janet Napolitano and TSA Administrator John Pistole in a letter that an on-site passenger advocate would help strike the right balance between security and protecting vulnerable travelers. ...
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Ex-Panama strongman Noriega returns home to prison
Sun,11 Dec 2011 07:14 PM PST
Reuters -  GAMBOA, Panama (Reuters) - Manuel Noriega, Panama's drug-running military dictator of the 1980s, was extradited back to the country on Sunday and taken straight to prison to serve a 20-year sentence for the murders of opponents during his rule. Noriega, now 77, was toppled in a U.S. invasion of Panama in 1989 and has spent the last two decades behind bars, first in Florida and then in France after being convicted for drug trafficking and money laundering. ...
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Dutch architects apologize for 9/11 blast look-alike design
Sun,11 Dec 2011 06:25 PM PST
Reuters -  SEOUL (Reuters) - A Dutch architectural firm has apologized for its design of twin skyscrapers in central Seoul which resemble the exploding World Trade Center towers in New York and have infuriated families of the victims of the 9/11 attacks. The blueprint for the luxury apartment buildings was released last week and shows a structure which juts out at the middle to accommodate pools, restaurants, cafes and a gym. Relatives of victims of al Qaeda's September 11, 2001, attacks on the United States have expressed outrage, according to U.S. ...
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Online spending stays strong in early December
Sun,11 Dec 2011 12:51 PM PST
Reuters -  (Reuters) - Online spending remained strong in early December, a period that usually marks a lull in the U.S. holiday shopping frenzy, comScore said on Sunday. For the week ending December 9, consumers spent $5.9 billion online, up 15 percent from the same period a year earlier, according to comScore, which tracks Internet activity. E-commerce spending for the first 39 days of the 2011 holiday season reached $24.6 billion, also up 15 percent versus the corresponding days last year, comScore added. Earlier in the season, the day that has become known as "Cyber Monday" saw a record $1. ...
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Analysis: Cameron puts Britain offside and offshore in Europe
Sun,11 Dec 2011 04:06 PM PST
Reuters -  LONDON (Reuters) - David Cameron has put Britain offside and offshore in Europe. In his failed last-minute quest for special treatment over financial regulation, the prime minister has taken Britain out of the room where decisions on the future of Europe will be shaped. The consequence could well be a prolonged, bitter parting of the ways between the British and the rest of the European Union, culminating in an acrimonious divorce in which both sides lose. ...
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Former Panama strongman Noriega heads home to prison
Sun,11 Dec 2011 02:53 PM PST
Reuters - PANAMA CITY (Reuters) - Manuel Noriega, Panama's drug-running military dictator of the 1980s, left Paris early on Sunday, headed for a prison in his home country to serve a 20-year term for the murders of opponents during his rule. Noriega, now 77, was toppled in a U.S. invasion of Panama in 1989 and has spent the last two decades behind bars, first in Florida and then in France after being convicted for drug trafficking and money laundering during his time in power. ...
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French government warns opponents on EU treaty delay
Sun,11 Dec 2011 03:19 PM PST
Reuters -  PARIS (Reuters) - France's imminent election campaign could throw the newly agreed EU plan for budget policy coordination into disarray, the French budget minister said on Sunday, warning that President Nicolas Sarkozy's opponents may stall necessary legislation. "Speed is vital to restore confidence," Valerie Pecresse told Europe 1 radio. "France has to set the example. It has been at the origin of this treaty with Germany and it would be a paradox if it was blocked for three months because there is a presidential election. This is a call for national unity. ...
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Medvedev orders Russia poll inquiry, gets insults
Sun,11 Dec 2011 12:18 PM PST
Reuters -  MOSCOW (Reuters) - President Dmitry Medvedev ordered an investigation on Sunday into allegations of fraud in Russia's parliamentary election, one day after tens of thousands of protesters demanded it be annulled and rerun. Medvedev responded on his Facebook site to the protesters' complaints that the December 4 election, won by Prime Minister Vladimir Putin's United Russia, was slanted in its favor. But he did not mention their calls for an end to Putin's rule and received one insult after another on his Facebook site from people who made clear his reply was insufficient. ...
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Obama: Core philosophy of GOP candidates identical
Sun,11 Dec 2011 04:13 PM PST
AP -  In making the case for his re-election, President Barack Obama is arguing that it doesn't matter who the Republicans nominate to run against him because the core philosophy of the GOP candidates is the same and will stand in sharp relief with his own.
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Trailing rivals question Gingrich, Romney records
Sun,11 Dec 2011 03:18 PM PST
AP -  Mitt Romney and Newt Gingrich's trailing rivals derided the leading presidential contenders on Sunday as insufficiently conservative, each trying to find a second wind in the race to become the Republican nominee with time running out before voting begins.
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Northeast states cut heating aid to poor
Sun,11 Dec 2011 05:56 PM PST
AP -  Mary Power is 92 and worried about surviving another frigid New England winter because deep cuts in federal home heating assistance benefits mean she probably can't afford enough heating oil to stay warm.
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Romney doesn't disavow $10,000 bet
Sun,11 Dec 2011 06:23 PM PST
AP -  Democrats and Republicans alike are accusing Mitt Romney of being out of touch after he said during this weekend's debate that he would make a $10,000 bet with Rick Perry even as millions of Americans struggle to make ends meet in a troubled economy.
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Mo. officials: Ex-deputy shot ex-wife, boyfriend
Sun,11 Dec 2011 06:28 PM PST
AP -  A former rural Missouri sheriff's deputy is suspected of killing his ex-wife and her new boyfriend before leading officers on a high-speed chase that ended with a shootout at an upscale hotel hosting a Christmas party for hundreds of doctors, nurses and their families, authorities said Sunday.
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Lowe's pulls ads from TV show about US Muslims
Sun,11 Dec 2011 06:56 PM PST
AP -  A decision by retail giant Lowe's Home Improvement to pull ads from a reality show about American Muslims following protests from an evangelical Christian group has sparked criticism and calls for a boycott against the chain.
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Kobe upset by Odom's departure for Dallas
Sun,11 Dec 2011 05:49 PM PST
AP -  The Lakers have traded forward Lamar Odom and a second-round draft pick to the Dallas Mavericks for a first-round pick and an $8.9 million trade exception, capping Los Angeles' stunning 72-hour breakup with last season's Sixth Man of the Year.
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Broncos beat Bears 13-10 in overtime
Sun,11 Dec 2011 05:31 PM PST
AP -  Tim Tebow did it again. Matt Prater's 51-yard field goal 6½ minutes into overtime gave the Broncos a 13-10 win over the stunned Chicago Bears on Sunday. Prater's 59-yarder with 3 seconds left in regulation tied the score after Tebow led another rally.
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