VIDEO: 'Painful' new debt measures for Italy

VIDEO: 'Painful' new debt measures for Italy


VIDEO: 'Painful' new debt measures for Italy

Posted: 12 Aug 2011 10:51 PM PDT

The Italian cabinet has approved what prime minister, Silvio Berlusconi, has described as "painful" austerity measures to improve public finances and reduce the nation's budget deficit.


VIDEO: Brazilian judge shot dead

Posted: 12 Aug 2011 10:58 PM PDT

A Brazilian judge, Patricia Acioli, who was renowned for her work against organised crime, has been shot dead in Rio de Janeiro State.


U.S. citizen kidnapped in Pakistan-police (Reuters)

Posted: 12 Aug 2011 10:42 PM PDT

Reuters - An American citizen was kidnapped from his residence in Pakistan's eastern city of Lahore on Saturday, police said.


China says order restored after thousands protest (AP)

Posted: 12 Aug 2011 11:27 PM PDT

AP - A local official says order has been restored to a southwestern Chinese town after thousands took to the streets and clashed with police to protest rough handling of citizens by authorities.


Japan's Noda envisions grand coalition with opposition

Posted: 12 Aug 2011 10:47 PM PDT

TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday he envisions forming a grand coalition with opposition parties if he were to become the country's next prime minister.


DARPA Plane to Circle Planet in 60 Minutes or Less

Posted: 12 Aug 2011 10:28 PM PDT

On Thursday, the U.S. Defense Advanced Research Projects Agency launched the world?s fastest airplane, the Falcon Hypersonic Technology Vehicle 2 (HTV-2), on the back of a rocket from the Vandenberg Air Force Base in California. The HTV-2, which can fly at 13,000 mph and endure temperatures of more 3,500 F, was designed to fly anywhere ...


U.S. citizen kidnapped in Pakistan-police

Posted: 12 Aug 2011 10:42 PM PDT

LAHORE, Pakistan (Reuters) - An American citizen was kidnapped from his residence in Pakistan's eastern city of Lahore on Saturday, police said.


China sends anti-terrorism unit to restive west (AP)

Posted: 12 Aug 2011 09:24 PM PDT

AP - China has sent an elite anti-terrorism unit to the restive far western region of Xinjiang in the wake of recent violence there and ahead of an international trade convention, a state newspaper reported Saturday.


Economics, Branding May Push Texas A & M, Florida State to SEC

Posted: 12 Aug 2011 09:27 PM PDT

Within the last few days, rumors have intensified that Texas A&M and Florida State might consider accepting invitations to the SEC. And if either school accepts the invitation, you certainly couldn?t blame them from either an economics or branding perspective. Let?s first focus on the economics, and please note that most of this data comes ...


Concerned about the Consumer? Look at What China Wants

Posted: 12 Aug 2011 09:27 PM PDT

Investors concerned about a potential US "Double Dip" ought to focus where the growth is:?? luxury brands with exposure in China.?? One of the brightest candidates with great potential is Apple. Luxury good demand in Asia Pacific generally, and China specifically, is driving revenues and profits of some of the world's splashiest brands.?? Take a ...


NatGas Liquids Buoy Exxon Stock Up To $93

Posted: 12 Aug 2011 08:45 PM PDT

The company has aggressively added to it oil and natural gas liquids (NGLs) portfolio in recent months and recently made two major discoveries in the Gulf of Mexico region. We currently have a Trefis price estimate of $92.70 for Exxon Mobil's stock which is about 20% above the current market price.


Is Insurance Boring?

Posted: 12 Aug 2011 08:41 PM PDT

Insurance may be boring but some of the people woking in it are not


Another Oil Leak Reported At China's Largest Offshore Well

Posted: 12 Aug 2011 08:23 PM PDT

ConocoPhillips China acknowledges more oil leaking from its Bohai Bay drilling platform than expected.


Puerto Rico Fires Up Housing Market

Posted: 12 Aug 2011 06:37 PM PDT

A stimulus program on the island, long ripe with vacant houses and condos, has sent sales of new homes surging 80% in the past 10 months from a year earlier, even as the market in much of the U.S. mainland is dead.


VIDEO: Mars rover explores ancient crater

Posted: 12 Aug 2011 07:30 PM PDT

Nasa has released footage of the Mars exploration rover, Opportunity, moving across the surface of Mars, filmed by one of its hazard cameras.


VIDEO: Mars rover explores ancient crater

Posted: 12 Aug 2011 07:30 PM PDT

Nasa has released footage of the Mars exploration rover, Opportunity, moving across the surface of Mars, filmed by one of its hazard cameras.


No Major Slowdown As Brazil Consumers Still Happily Spending

Posted: 12 Aug 2011 07:47 PM PDT

Despite economic slowdown and efforts to curb spending, Brazilians are still shopping til they're dropping.


The 30 Best Portraits of Ron Swanson

Posted: 12 Aug 2011 07:18 PM PDT

Consider this your Friday night mental health break. Buzzfeed has 30 portraits of TV?s greatest character. Here?s one: Twenty-nine more here. My pitch to the creators of Parks and Recreation here.


VIDEO: Serial killer faces lethal injection

Posted: 12 Aug 2011 06:29 PM PDT

A serial killer in the US who hid the remains of 11 women in his home and garden in Ohio has been sentenced to death.


Polish train derails en route to Katowice

Posted: 12 Aug 2011 07:03 PM PDT

At least one passenger is killed and more than 40 others wounded in the accident.


Thousands of protesters swell Yemen's streets

Thousands of protesters swell Yemen's streets


Thousands of protesters swell Yemen's streets

Posted: 12 Aug 2011 01:17 PM PDT

Hundreds of thousands of people rally in Sanaa to demand the president stand down, as a soldier is killed in Taez.


VIDEO: Verdict in videoed Pakistan death case

Posted: 12 Aug 2011 01:27 PM PDT

A court in Pakistan has sentenced a soldier to death for the murder of an unarmed teenager in the southern port city of Karachi.


Gang-fighting judge gunned down

Posted: 12 Aug 2011 01:24 PM PDT

A Brazilian judge, Patricia Acioli, renowned for her work against organised crime, is shot dead in Rio de Janeiro State.


New Italian debt plan announced

Posted: 12 Aug 2011 12:53 PM PDT

The Italian government, led by Prime Minister Silvio Berlusconi, announces a fresh round of austerity measures.


Dutch court jails Somali pirates

Posted: 12 Aug 2011 12:39 PM PDT

A Dutch court sentences two Somali pirates who hijacked a South African yacht last November to prison sentences of up to seven years.


Gunmen kill Brazil judge who jailed corrupt cops

Posted: 12 Aug 2011 12:43 PM PDT

RIO DE JANEIRO (Reuters) - Gunmen Friday ambushed and killed a Brazilian judge known for taking a hard line against criminals, including corrupt police officers.


Pictures of the Day: Afghanistan and Elsewhere

Posted: 12 Aug 2011 12:31 PM PDT

Photographs from Afghanistan, Ethiopia, Somalia and Libya.


Russia completes Soviet-era dam in St Petersburg

Posted: 12 Aug 2011 12:35 PM PDT

ST PETERSBURG, Russia (Reuters) - Russia completed Friday the multi-billion-dollar construction of an abandoned Soviet-era dam complex in St Petersburg to protect its former imperial capital from potentially devastating floods.


Not so flash any more

Posted: 12 Aug 2011 12:01 PM PDT

Philadelphia introduces curfew for teenagers to stop violent mobbing


Nasdaq insider trader sentenced

Posted: 12 Aug 2011 11:56 AM PDT

A former managing director of New York's Nasdaq exchange is sentenced to three-and-a-half years in jail for insider trading.


Olympic homes sold in £557m deal

Posted: 12 Aug 2011 12:49 PM PDT

A company owned by the Qatari Royal family and British partners will take over the Olympic village after the games.


Libya rebels eye Brega oil installations

Posted: 12 Aug 2011 11:46 AM PDT

Opposition fighters control some residential areas outside of oil port city, as rebels capture western town of Tawurgha.


Economic Memo: G.O.P. on Defensive as Analysts Question Party’s Fiscal Policy

Posted: 12 Aug 2011 12:07 PM PDT

Onetime standard-bearers of Republican economic philosophy are among those saying the short-term focus should be on stimulus.


An African Chief in Cabby’s Clothing

Posted: 12 Aug 2011 01:26 PM PDT

Isaac Osei, an immigrant from Ghana, runs a taxi company with his wife in New York City. But when he visits the old country, he wears a delicate gold crown and works in a palace.


A Rocking Chair Called Manhattan

Posted: 12 Aug 2011 11:25 AM PDT

For dyed-in-the-wool Manhattanites, a variety of programs for the elderly help them stay in the city they love.


Enter Rick Perry, Formidable Fund-Raiser

Posted: 12 Aug 2011 01:30 PM PDT

The Texas governor has a vast network of wealthy supporters eager to bankroll his presidential ambitions.


Cook hits 294 as England dominate

Posted: 12 Aug 2011 11:05 AM PDT

Alastair Cook falls six runs short of 300 as England make their third-highest score in Tests on the third day against India at Edgbaston.


Honda plans new Mexican car plant

Posted: 12 Aug 2011 11:20 AM PDT

Japanese car maker Honda is to invest $800m (£500m) to build a new factory in Mexico to produce more small cars for the North American market.


Somali pirates sentenced in Dutch court

Posted: 12 Aug 2011 11:04 AM PDT

Five Somalis sentenced to prison for abducting a South African couple off a yacht in the Seychelles last year.


'Justice denied' in asbestos case

Posted: 12 Aug 2011 10:57 AM PDT

A health board is unlikely to face prosecution over whether up to 30 people were exposed to asbestos at Bronglais Hospital in Aberystwyth.