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Fading Gingrich falls behind in polls

MIAMI, Jan. 27, 2012 (Reuters) — Newt Gingrich struggled to regain momentum in the Republican presidential race on Friday as two new polls showed him falling behind rival Mitt Romney, who was seen as the winner of the final debate before the Florida primary. ...  > full story

Subpoenas issued to financial firms in expanded probe

WASHINGTON, Jan. 27, 2012 (Reuters) — The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday. ...  > full story

In Facebook IPO, bankers seek prestige over fees

Jan. 27, 2012 (Reuters) — Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. ...  > full story

Apple not turning "blind eye" to supply chain problems: CEO

SAN FRANCISCO, Jan. 27, 2012 (Reuters) — Apple Inc has never turned "a blind eye" to the problems in its supply chain and any suggestion it does not care about the plight of workers is "patently false," Apple Chief Executive Tim Cook said in an email to employees. ...  > full story

Obama seeks to rally Democrats to election-year fight

CAMBRIDGE, Maryland, Jan. 27, 2012 (Reuters) — President Barack Obama vowed on Friday to push back hard against Republicans who try to obstruct his election-year proposals on taxes and jobs, as he sought to rally congressional Democrats and move past a period of strained relations. ...  > full story

Facebook to file IPO documents soon as Wednesday: report

Jan. 27, 2012 (Reuters) — Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday. ...  > full story

Fitch cuts Italy, Spain, other euro zone ratings

NEW YORK, Jan. 27, 2012 (Reuters) — Fitch Ratings on Friday downgraded the sovereign credit ratings for Italy, Spain, Slovenia, Belgium and Cyprus indicating there is a 1-in-2 chance of further downgrades in the next two years. ...  > full story

U.S. detains 9 orange juice shipments for fungicide

Jan. 27, 2012 (Reuters) — U.S. health regulators said on Friday that they had detained three shipments of Brazilian orange juice, and six from Canada, that tested positive for the fungicide carbendazim. ...  > full story

Chevron profit falls as refineries, output suffer

Jan. 27, 2012 (Reuters) — Chevron Corp reported lower quarterly earnings on Friday as rising spending on oil and gas projects and losses at its refinery business offset gains from higher crude oil prices. ...  > full story

James Murdoch to quit GSK board

LONDON, Jan. 27, 2012 (Reuters) — James Murdoch, facing scrutiny over his role in a phone hacking scandal at the News of the World tabloid, is to step down from the board of GlaxoSmithKline, Britain's biggest drugmaker said on Friday. ...  > full story

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World News


Poll ruling sparks street clashes in Senegal

DAKAR, Jan. 27, 2012 (Reuters) — Protesters hurled rocks at police who retaliated with tear gas in Senegal's capital Dakar on Friday after a top legal body said President Abdoulaye Wade had the right to run for a third term in elections next month. ...  > full story

Cuban Communists to consider term limits for leaders

HAVANA, Jan. 27, 2012 (Reuters) — Cuba's Communist Party will consider reforms this weekend that could impose term limits on its leaders in what would be a striking change on an island that Fidel Castro ruled for 49 years and was succeeded by his brother. ...  > full story

Egypt plans to send delegation to U.S. as NGO furor mounts

WASHINGTON, Jan. 27, 2012 (Reuters) — A Egyptian military team plans to visit the United States next week as Cairo's crackdown on pro-democracy organizations has called into question the future of U.S. aid to Egypt, American officials said on Friday. ...  > full story

Strong quake jolts eastern Japan, no tsunami warning

TOKYO, Jan. 27, 2012 (Reuters) — A strong earthquake with a preliminary magnitude of 5.5 jolted eastern Japan on Saturday morning, but there were no immediate reports of injury or damage and no tsunami warning was issued. ...  > full story

Politics


Top Army general backs plan to cut 80,000 troops

WASHINGTON, Jan. 27, 2012 (Reuters) — The Army's top general on Friday endorsed plans to reduce the size of his force by 80,000 soldiers over the next six years, pledging a steady drawdown that would take care of troops and their families rather than "running our nation's Army off a cliff." ...  > full story

Fading Gingrich falls behind in polls

MIAMI, Jan. 27, 2012 (Reuters) — Newt Gingrich struggled to regain momentum in the Republican presidential race on Friday as two new polls showed him falling behind rival Mitt Romney, who was seen as the winner of the final debate before the Florida primary. ...  > full story

Populist, combative Obama gets love from Democratic lawmakers

CAMBRIDGE, Maryland, Jan. 27, 2012 (Reuters) — Congressional Democrats have complained in the past that they have not felt the love from President Barack Obama and accuse the White House of not consulting them on key policies. But when Obama addressed them on Friday it was a love-fest. ...  > full story

Republican Santorum heads home as he lags in Florida

TALLAHASSEE, Florida, Jan. 27, 2012 (Reuters) — Trailing in opinion polls, Republican presidential candidate Rick Santorum headed home to Pennsylvania on Friday for a short visit, effectively turning his back on the Florida primary that has become a two-man race between Newt Gingrich and Mitt Romney. ...  > full story

Business


Vanishing inflation bolsters case for Fed easing

WASHINGTON, Jan. 27, 2012 (Reuters) — It has only been a few days since the Federal Reserve adopted a formal goal for inflation, and already policymakers are missing their target. ...  > full story

Subpoenas issued to financial firms in expanded probe

WASHINGTON, Jan. 27, 2012 (Reuters) — The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday. ...  > full story

Wal-Mart puts U.S. marketing under merchandising

Jan. 27, 2012 (Reuters) — Wal-Mart Stores Inc said on Friday that its U.S. marketing team would now work under the leadership of its chief merchandising officer rather than as a separate group as the world's largest retailer works on improving its communication with shoppers. ...  > full story

In Facebook IPO, bankers seek prestige over fees

Jan. 27, 2012 (Reuters) — Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business. ...  > full story

Science


Russia to delay space mission due to technical problems

MOSCOW, Jan. 27, 2012 (Reuters) — Russia plans to delay the next mission carrying U.S. and Russian astronauts to the International Space Station by several weeks due to problems with the spaceship's descent vehicle, Interfax news agency quoted an industry source as saying Friday. ...  > full story

Arctic ice melt lifts hopes for Russian maritime trade

SEVERODVINSK, Russia, Jan. 27, 2012 (Reuters) — When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help. ...  > full story

Rivals see no need to match Roche's big gene bet

DAVOS, Switzerland, Jan. 27, 2012 (Reuters) — Roche Holding AG's rivals Sanofi SA and Novartis AG see no need to match the Swiss drug maker in buying a gene-decoding business like Illumina Inc and reckon they can do partnerships instead. ...  > full story

Kepler telescope team finds 11 new solar systems

CAPE CANAVERAL, Florida, Jan. 26, 2012 (Reuters) — NASA's planet-hunting Kepler space telescope has found 11 new planetary systems, including one with five planets all orbiting closer to their parent star than Mercury circles the Sun, scientists said on Thursday. ...  > full story

Entertainment


British film "Shadow Dancer" lifts crowd at Sundance

PARK CITY, Utah, Jan. 27, 2012 (Reuters) — A tense British thriller about a mother deeply entrenched in the IRA and forced to choose between the organization and the family she loves has earned high praise among the foreign films at this week's Sundance Film festival. ...  > full story

Country music star Merle Haggard home from hospital

NASHVILLE, Tennessee, Jan. 27, 2012 (Reuters) — Country music singer Merle Haggard was resting at home in Northern California on Friday after a long stint in a Georgia hospital, his publicist said. ...  > full story

Jesse Jackson adds voice to Grammy protest

Jan. 27, 2012 (Reuters) — Civil rights activist the Rev. Jesse James on Friday urged Grammy organizers to reinstate 31 ethnic and minority musical categories that have been cut from the music industry's top awards. ...  > full story

Loved and loathed, Lana Del Rey set to face the music

LOS ANGELES, Jan. 27, 2012 (Reuters) — Rarely has a pop star just starting out been so loved and loathed as Lana Del Rey, the 25-year-old who has filled acres of newspaper column inches even before her debut album "Born to Die" hits shelves next week. ...  > full story

Sports


Dodgers bids narrowed, suitors told promptly: sources

LOS ANGELES, Jan. 27, 2012 (Reuters) — The group of entrepreneurs and sporting figures bidding for the Los Angeles Dodgers has been narrowed and will be notified soon on whether they made the cut, according to two sources familiar with the process. ...  > full story

Sacking Brady is Giants' Super Bowl recipe for success

EAST RUTHERFORD, New Jersey, Jan. 27, 2012 (Reuters) — Defensive end Justin Tuck said on Friday that this year's Super Bowl will boil down to whether the New York Giants can get to New England Patriots quarterback Tom Brady, pure and simple. ...  > full story

Korean Bae sets early Torrey pace, Mickelson misses cut

SAN DIEGO, Jan. 27, 2012 (Reuters) — South Korea's Bae Sang-moon recorded five birdies on his outward nine before grabbing an early two-shot lead in Friday's second round at the Farmers Insurance Open where Phil Mickelson missed the cut. ...  > full story

Super Bowl-bound coaches very similar-Parcells

Jan. 27, 2012 (Reuters) — Super Bowl-bound Tom Coughlin of the New York Giants and Bill Belichick of the New England Patriots are competitive coaches that share a penchant for preparation, according to a former coach who won a title with both on his staff. ...  > full story
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