MOSCOW (Reuters) - The U.S. Senate's passage of legislation to punish Russians who violate human rights is the first big test of Vladimir Putin and Barack Obama's resolve to improve relations since each won elections.
Obama, who launched a "reset" in relations with Russia less than four years ago, is likely to sign the law even though Moscow sees it as "aggressively unfriendly". Damage to U.S.-Russian...
Afghan leader says to raise attack on spy chief with Pakistan
Labels: WorldKABUL (Reuters) - Afghan President Hamid Karzai said on Saturday a suicide bombing that wounded his intelligence chief was planned in the Pakistani city of Quetta and that the issue would be raised with Islamabad.
Karzai stopped short of blaming the Pakistani government directly. But he said the attack would be raised with neighboring Pakistan, a regional power seen as critical to U.S. efforts to...
Feted in Gaza, Hamas leader to attend "victory rally"
Labels: WorldGAZA (Reuters) - After receiving a hero's welcome on his return from decades in exile, Hamas leader Khaled Meshaal will attend a rally in Gaza on Saturday to mark the founding of his Islamist group and celebrate "victory" over Israel.
At least 200,000 Palestinians are expected to attend the outdoor event, which is likely to be used by Meshaal to promote Hamas's growing stature in the Arab world and...
Iran's long-range missiles said to lag U.S. intelligence fears
Labels: WorldWASHINGTON (Reuters) - An internal report for the U.S. Congress has concluded that Iran probably is no longer on track, if it ever was, to having an ocean-crossing missile as soon as 2015.
The study casts doubt on a view long held by U.S. intelligence agencies that Iran could be able to test-fly by 2015 an intercontinental ballistic missile, or ICBM, if it receives "sufficient foreign assistance."
"It...
Pakistan tribal sources say U.S. drone strike kills al Qaeda commander
Labels: WorldPESHAWAR, Pakistan (Reuters) - Tribal sources from Pakistan's northwest said on Saturday a U.S. drone attack had killed a senior al Qaeda commander in the latest blow to the militant Islamist group that has been targeted in many similar attacks.
Abu Zaid was killed in the drone strike on a hideout in Pakistan's North Waziristan, one of the tribal regions near the border with Afghanistan, early on...
White House on jobless dip: Economy healing but much work remains
Labels: BusinessWASHINGTON (Reuters) - The White House's chief economist said on Friday that a drop in the November U.S. jobless rate to 7.7 percent was proof that the economy is healing from recession but that much work remains to be done.
The Labor Department reported that the jobless rate dipped from 7.9 percent with 146,000 jobs created. Many analysts had forecast an uptick in the jobless rate as a result of...
ECB rate cut possible following "serious" debate
Labels: BusinessBRATISLAVA/FRANKFURT (Reuters) - A European Central Bank policymaker said on Friday the bank had had a "very serious" debate about cutting interest rates this week and that a cut was possible next year if the euro zone economy does not pick up.
The German and Austrian central banks separately suggested such a pick up is unlikely, forecasting scant growth in their economies in 2013.
The ECB kept...
Dec
05
Earnings from McDonald's, Microsoft sink stocks
Labels: BusinessNEW YORK (AP) -- Poor earnings reports from three companies in the Dow Jones industrial average — Microsoft, General Electric and McDonalds — sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market.
McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon.
"I'm concerned about corporate earnings,...
Who Owns America’s Debt?
Labels: BusinessAs the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.
According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.
Although it may seem as though our debt to these countries renders us a puppet...
Google filing error shocks investors, exposes process
Labels: BusinessSAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.
Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results...
US housing construction up 15 percent in September
Labels: BusinessWASHINGTON (AP) -- U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.
The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15 percent from the August level.
Applications...
Battery maker A123 files for bankruptcy protection
Labels: BusinessETROIT (AP) -- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday.
The filing drew criticism from Republicans who claim the Obama administration has wasted millions of taxpayer dollars on alternative energy companies like A123.
The company received a $249 million Department of Energy grant three years ago with...
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