NewsDaily: Top Headlines

Iran will cut oil exports to some European countries: report (Reuters)

Sat, 04 Feb 2012 03:32:28 EST

TEHRAN, Feb. 4, 2012 (Reuters) -- Iran's oil minister said that the Islamic state would certainly cut its oil exports to "some" European countries, the semi-official Fars news agency reported on Saturday. ... > read full story

Micron CEO Appleton dies in plane crash (Reuters)

Fri, 03 Feb 2012 14:15:27 EST

, Feb. 3, 2012 (Reuters) -- Chipmaker Micron Technology said chief executive Steve Appleton died in a plane crash in Boise, Idaho. ... > read full story

Swiss bankers' nerves fray after Wegelin indictment (Reuters)

Katharina Bart — Fri, 03 Feb 2012 14:00:56 EST

ZURICH, Feb. 3, 2012 (Reuters) -- The first indictment of a Swiss private bank over hiding untaxed money for wealthy Americans has heightened tension among private bankers fearful of being next in the firing line. ... > read full story

Insight: Syria's Assad set for long conflict (Reuters)

Mariam Karouny — Fri, 03 Feb 2012 11:31:29 EST

DAMASCUS, Feb. 3, 2012 (Reuters) -- With the enemy at the gates, Bashar al-Assad was dining out. ... > read full story

Gunmen kidnap two U.S. tourists in Egypt's Sinai (Reuters)

Fri, 03 Feb 2012 06:47:53 EST

CAIRO, Feb. 3, 2012 (Reuters) -- Gunmen in Egypt's Sinai Peninsula kidnapped two American women on Friday in an apparent attempt to hold them for ransom, security sources said. ... > read full story

Iran warns of retaliation over oil sanctions (Reuters)

Parisa Hafezi — Fri, 03 Feb 2012 06:11:59 EST

TEHRAN, Feb. 3, 2012 (Reuters) -- Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday Iran would retaliate over Western-backed oil sanctions and any threat of attack, after U.S. Defense Secretary Leon Panetta was cited as saying he feared a possible Israeli strike as early as April. ... > read full story

Insight: In PIP implant scandal, a ragged safety net exposed (Reuters)

Kate Kelland, Health and Science Correspondent — Fri, 03 Feb 2012 05:37:25 EST

LONDON, Feb. 3, 2012 (Reuters) -- In June 2000, when American medical regulators posted a warning letter on the Internet about problems at a breast-implant maker in southern France, French authorities didn't pay much attention. ... > read full story

Greece says 2011 budget deficit will beat target: source (Reuters)

Fri, 03 Feb 2012 05:14:34 EST

ATHENS, Feb. 3, 2012 (Reuters) -- Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help Athens in its bailout talks with the EU and IMF. ... > read full story

Merged Glencore, Xstrata would take aim at iron ore (Reuters)

James Regan — Fri, 03 Feb 2012 04:54:25 EST

SYDNEY, Feb. 3, 2012 (Reuters) -- An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded industries. ... > read full story

Iran's Khamenei warns over military strike, oil embargo threat (Reuters)

Fri, 03 Feb 2012 04:45:29 EST

TEHRAN, Feb. 3, 2012 (Reuters) -- Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday the Islamic Republic would not yield to international pressure to abandon its nuclear course, threatening retaliation for sanctions aimed at Iran's oil exports. ... > read full story

Megaupload founder refused bail in New Zealand (Reuters)

Fri, 03 Feb 2012 01:37:25 EST

, Feb. 3, 2012 (Reuters) -- A New Zealand court refused an appeal by the founder of online file-sharing site Megaupload.com to be freed on bail on Friday, agreeing with prosecutors there was a risk he would attempt to flee before an extradition hearing. ... > read full story

Analysis: A sobering look at Facebook (Reuters)

Sarah McBride and Poornima Gupta — Fri, 03 Feb 2012 00:19:09 EST

SAN FRANCISCO, Feb. 3, 2012 (Reuters) -- It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients. ... > read full story

U.S. Justice Department indicts Swiss bank Wegelin (Reuters)

Lynnley Browning — Thu, 02 Feb 2012 21:11:53 EST

, Feb. 2, 2012 (Reuters) -- The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday. ... > read full story

Analysis: Single-cup coffee sales seen growing (Reuters)

Martinne Geller and Mihir Dalal — Thu, 02 Feb 2012 20:59:57 EST

NEW YORK/BANGALORE, Feb. 2, 2012 (Reuters) -- Sara Lee Corp Executive Chairman Jan Bennink thinks it is time for his company to reinvest in the single-serve coffee market. ... > read full story

Fed's Fisher: policy action hinged to inflation (Reuters)

Thu, 02 Feb 2012 19:21:32 EST

AUSTIN, Texas, Feb. 2, 2012 (Reuters) -- The Federal Reserve may have more latitude to pursue easy-money policies if inflation runs below its newly-set 2-percent target, though such a move does not guarantee more jobs, a top central bank official said on Thursday. ... > read full story

Senate OKs insider trading curbs on lawmakers (Reuters)

David Lawder — Thu, 02 Feb 2012 19:19:34 EST

WASHINGTON, Feb. 2, 2012 (Reuters) -- The Senate on Thursday approved new curbs aimed at preventing lawmakers from trading shares based on inside information, but also extended the bill's disclosure requirements to more than 300,000 other federal employees. ... > read full story

Komen charity denies abortion pressure in funding shift (Reuters)

David Morgan — Thu, 02 Feb 2012 13:31:37 EST

WASHINGTON, Feb. 2, 2012 (Reuters) -- Breast cancer charity Susan G. Komen for the Cure on Thursday denied political pressure from anti-abortion groups had anything to do with its decision to cut off funding for the Planned Parenthood Federation of America, trying to contain a crisis between the two leading women's health groups. ... > read full story

Now, Trump's endorsing Romney in Republican race (Reuters)

Patricia Zengerle — Thu, 02 Feb 2012 11:07:58 EST

WASHINGTON, Feb. 2, 2012 (Reuters) -- Businessman and reality TV personality Donald Trump is endorsing Mitt Romney in the race for the 2012 Republican nomination, sources said on Thursday, a day after U.S. media reported the real estate mogul would be endorsing Romney's rival Newt Gingrich. ... > read full story

Fidelity exec talks of sex, drugs and revolution (Reuters)

Tim McLaughlin — Thu, 02 Feb 2012 10:59:09 EST

BOSTON, Feb. 2, 2012 (Reuters) -- Ronald O'Hanley has emerged as an outspoken force inside Fidelity Investments, giving a speech on Thursday that touched on sex, drugs and revolution as he warned that young Americans face getting a raw deal from the U.S. retirement system. ... > read full story

Exclusive: U.S. and allies exploring prospects for Assad exile (Reuters)

Arshad Mohammed and Matt Spetalnick — Thu, 02 Feb 2012 10:03:38 EST

WASHINGTON, Feb. 2, 2012 (Reuters) -- The United States, European governments and Arab states have begun discussing the possibility of exile for Bashar al-Assad despite skepticism the defiant Syrian president is ready to consider such an offer, Western officials said on Wednesday. ... > read full story