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BP Gulf of Mexico oil spill costs hit $8 billion

LONDON, Sep. 3, 2010 (Reuters) — BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was two weeks away from sealing the well for good. ...  > full story

BOJ to stand pat next week, eyes easing next month

TOKYO, Sep. 3, 2010 (Reuters) — The Bank of Japan is expected to hold off on easing monetary policy next week but is gearing up for further action in October as the strong yen threatens to derail its forecast of a moderate economic recovery, sources said. ...  > full story

Drug shootout with army kills 25 in Mexico

MEXICO CITY, Sep. 2, 2010 (Reuters) — At least 25 suspected drug gang members were killed in an army raid in rural northeastern Mexico on Thursday, the army said in a press release. ...  > full story

EPA to issue more rules in climate fight

WASHINGTON, Sep. 2, 2010 (Reuters) — The U.S. Environmental Protection Agency will roll out more regulations on greenhouse gases and other pollution to help fight climate change, but they will not be as strong as action by Congress, a senior administration official said. ...  > full story

Iran opposition figure's house attacked: website

TEHRAN, Sep. 2, 2010 (Reuters) — Attackers smashed windows and damaged security cameras at the home of Iranian opposition leader Mehdi Karoubi, his website said Thursday, ahead of a rally authorities fear could reignite anti-government protests. ...  > full story

Warren schedule change stirs talk on consumer job

WASHINGTON, Sep. 2, 2010 (Reuters) — A last-minute change in the fall course schedule of Harvard law professor Elizabeth Warren has fueled speculation the White House might soon nominate her to head the newly created U.S. consumer financial agency. ...  > full story

U.S. to start NATO talks on Afghan transition: Petraeus

KABUL, Sep. 2, 2010 (Reuters) — The United States will start preliminary talks with its allies in Afghanistan soon on next year's planned "transition," expected to include withdrawal of some U.S. forces, the top NATO commander in the country said on Thursday. ...  > full story

Justice Department sues Arizona sheriff in immigration probe

WASHINGTON/PHOENIX, Sep. 2, 2010 (Reuters) — The Justice Department on Thursday sued an Arizona sheriff for refusing to cooperate with its investigation into allegations he and his police force discriminate against Hispanics in his program to crack down on illegal immigrants. ...  > full story

No sign of oil after Gulf platform fire: Coast Guard

NEW ORLEANS, Sep. 2, 2010 (Reuters) — An oil and gas platform operated by Mariner Energy burst into flames in the Gulf of Mexico on Thursday, but the crew of 13 escaped and there were no signs of an oil spill, the Coast Guard said. ...  > full story

Burning rig owned by Mariner Energy: reports

HOUSTON, Sep. 2, 2010 (Reuters) — A burning oil platform in the Gulf of Mexico is owned by Mariner Energy, according to trade sources and local media reports. ...  > full story

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World News

BOJ to stand pat next week, eyes easing next month

TOKYO, Sep. 3, 2010 (Reuters) — The Bank of Japan is expected to hold off on easing monetary policy next week but is gearing up for further action in October as the strong yen threatens to derail its forecast of a moderate economic recovery, sources said. ...  > full story

Drug shootout with army kills 25 in Mexico

MEXICO CITY, Sep. 2, 2010 (Reuters) — At least 25 suspected drug gang members were killed in an army raid in rural northeastern Mexico on Thursday, the army said in a press release. ...  > full story

Chavez defends his record on crime in Venezuela

CARACAS, Sep. 2, 2010 (Reuters) — Venezuelan President Hugo Chavez defended his socialist government's security record on Thursday, rejecting pre-election claims by the opposition that crime had risen sharply during his 11 years in power. ...  > full story

Verdict due in high-profile Portuguese abuse case

LISBON, Sep. 2, 2010 (Reuters) — A Portuguese court will render its verdict Friday in one of the country's highest profile legal cases, a shocking story of alleged child abuse at a state orphanage that has gripped the nation for over half a decade. ...  > full story

Politics

U.S. offshore oil fire may delay lift of drill ban

WASHINGTON, Sep. 2, 2010 (Reuters) — The Obama Administration is likely to stay focused on toughening regulatory oversight of the U.S. offshore oil industry and may push back lifting a ban on deepwater drilling after the latest accident in the Gulf of Mexico, analysts said on Thursday. ...  > full story

Obama adviser Summers to visit China September 4

WASHINGTON, Sep. 2, 2010 (Reuters) — The White House said on Thursday that President Barack Obama's top economic adviser will visit China from Saturday for three days of meetings. ...  > full story

Food safety a "priority" for Senate: Reid aide

WASHINGTON, Sep. 2, 2010 (Reuters) — Passing food safety reform legislation this year is a "priority" for the Senate, said a spokesman for Senate Democratic Leader Harry Reid, as Congress feels pressure from consumer groups to act following the latest recall to highlight weaknesses in the system. ...  > full story

Obama to hold press conference next Friday

WASHINGTON, Sep. 2, 2010 (Reuters) — President Barack Obama will hold a press conference on Friday, September 10, the White House said on Thursday. ...  > full story

Business

BP Gulf of Mexico oil spill costs hit $8 billion

LONDON, Sep. 3, 2010 (Reuters) — BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was two weeks away from sealing the well for good. ...  > full story

Samsung raises 2010 smartphone sales target: report

SEOUL, Sep. 3, 2010 (Reuters) — Samsung Electronics Co Ltd <005930.KS>, the world's No.2 handset maker, expects to sell up to 25 million smartphones this year, exceeding its earlier target, and aims to double shipments next year, media reports said on Friday. ...  > full story

Heavy in dollars, China warns of depreciation

BEIJING, Sep. 2, 2010 (Reuters) — China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks. ...  > full story

Murdoch: Global economy is still not out of turmoil

NEW YORK, Sep. 2, 2010 (Reuters) — News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable ...  > full story

Science

God did not create the universe, says Hawking

LONDON, Sep. 2, 2010 (Reuters) — God did not create the universe and the "Big Bang" was an inevitable consequence of the laws of physics, the eminent British theoretical physicist Stephen Hawking argues in a new book. ...  > full story

Wheat genome work just at initial stage: scientists

BEIJING, Aug. 31, 2010 (Reuters) — Efforts to sequence the wheat genome are only at an initial stage of what will be a long-term project requiring more government support, leading Chinese and international scientists said on Tuesday. ...  > full story

U.N. climate panel urged to reform, stick to science

UNITED NATIONS, Aug. 30, 2010 (Reuters) — The U.N. climate panel should make predictions only when it has solid evidence and should avoid policy advocacy, scientists said in a report on Monday that called for thorough reform of the body. ...  > full story

Study finds first genetic link to common migraine

LONDON, Aug. 30, 2010 (Reuters) — An international scientific team has identified for the first time a genetic risk factor associated with common migraines and say their research could open the way for new treatments to prevent migraine attacks. ...  > full story

Entertainment

Stranded actor Paul Hogan in Australia tax deal

SYDNEY, Sep. 3, 2010 (Reuters) — Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday. ...  > full story

Vivid Entertainment: A new business model for porn

NEW YORK, Sep. 3, 2010 (Hollywood Reporter) — If the new "Date Night" DVD had sold only 25,000 copies, there would have been hell to pay for studio executives. But for Steven Hirsch -- or anyone else in the adult entertainment business, for that matter -- that figure represents a blockbuster. ...  > full story

Fishburne's porn-star daughter avoiding dark side

LOS ANGELES, Sep. 3, 2010 (Hollywood Reporter) — Before summer began, no one had heard of Montana Fishburne. But the daughter of Oscar-nominated actor Laurence Fishburne, now the main guy on "CSI," was eager to make a name for herself. ...  > full story

Martin Short revives Cat in the Hat for PBS series

LOS ANGELES, Sep. 2, 2010 (Hollywood Reporter) — More than a half-century ago, the Cat in the Hat was on a mission. ...  > full story

Sports

Pistorius expects to comfortably make London

ROVERETO, Italy, Sep. 2, 2010 (Reuters) — A woman carrying pole vaults in a purpose-built bag struggles to make her way through a crowd of screaming children at an athletics meeting in northern Italy. ...  > full story

Battered Blake hopes tap energy from rowdy Open crowd

NEW YORK, Sep. 2, 2010 (Reuters) — Rejuvenated by the familiar surroundings of the U.S. Open, New Yorker James Blake promised to deliver some inspired tennis if his broken-down body will allow him to compete at a higher level. ...  > full story

Underdogs gets their chance in limelight at U.S. Open

NEW YORK, Sep. 2, 2010 (Reuters) — It looms as a mismatch of classic proportions. Andy Murray, the world number four and one of the favorites to win the U.S. Open title against Dustin Brown, a dreadlocked Jamaican ranked 123rd in the world. ...  > full story

America's latest sweetheart gunning for Sharapova

NEW YORK, Sep. 2, 2010 (Reuters) — A year after her surprise exit from the U.S. Open, Maria Sharapova will have another showdown with a little-known American teenager who will be battling for her own share of the Flushing Meadows spotlight. ...  > full story
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