Asian stocks dented by pessimism over Europe (AP)

Asian stocks dented by pessimism over Europe (AP)

Asian stocks dented by pessimism over Europe (AP)

Posted: 19 Sep 2011 10:32 PM PDT

A man walks in front of the electronic stock board of a securities firm in Tokyo, Japan, Tuesday, Sept. 20, 2011. Asian stocks headed lower in early trading Tuesday, held back by intensifying worries over Greece's ability to fend off a massive debt default and a credit downgrade slapped on Italy. The benchmark Nikkei 225 stock average lost 124.42 points, to end morning session at 8739.74.(AP Photo/Itsuo Inouye)AP - Asian stocks floundered Tuesday as investors digested a credit downgrade slapped on Italy and awaited the outcome of a two-day Federal Reserve meeting that many hope will announce measures to boost U.S. growth.

ConocoPhillips sets up 2nd China oil spill fund (AP)

Posted: 19 Sep 2011 10:21 PM PDT

AP - ConocoPhillips plans a new fund to address environmental problems in China's Bohai Bay, following harsh criticism from marine authorities and environmentalists over oil spills in the heavily polluted sea.


Oracle Earnings Could Shoot Stock To $37

Posted: 19 Sep 2011 10:10 PM PDT

Most importantly, we are watching for how macro volatility in Europe is impacting its business given that almost a third of its revenues come from Europe. We currently have a $37 Trefis price estimate for Oracle, which is 25% above the current market price.


S&P Downgrades Italy One Notch On Lower Growth Prospects And Political Uncertainty

Posted: 19 Sep 2011 10:01 PM PDT

The credti rating agency lowered Italy's sovereign credit rating to a/A-1, keeping it under negative outlook, as weakening economic growth will put pressure on fiscal targets and on a fragile governing coalition.


Obama and the Populists

Posted: 19 Sep 2011 09:53 PM PDT

Greg Sargent writes: This has to be the clearest sign yet that Obama has taken a very sharp populist turn as he seeks to frame the contrast between the parties heading into 2012. During his remarks this morning, Obama directly responded to Republicans accusing him of "class warfare," but rather than simply deny the charge, ...


S&P cuts Italy one notch, outlook negative (Reuters)

Posted: 19 Sep 2011 09:42 PM PDT

The Standard and Poor's building in New York, August 2, 2011. REUTERS/Brendan McDermidReuters - Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.

Air Canada, union talks break off; strike looms (Reuters)

Posted: 19 Sep 2011 09:56 PM PDT

Reuters - Talks between Air Canada and its flight attendants' union broke down late on Monday, making a strike at Canada's biggest airline a near certainty beginning Wednesday.


Why the Possible Big 12-Big East Merger Would Ruin College Football

Posted: 19 Sep 2011 09:41 PM PDT

The Mayans were right. The end of the world is fast approaching. Well, in college athletics, at least. With the terrain of college football crumbling around them, the Big East and the Big 12 are reportedly discussing a possible conference merger in a desperate attempt to keep up with the Joneses (or the Kardashians, if ...


Weather Hampers Himalaya Quake Relief

Posted: 19 Sep 2011 09:03 PM PDT

Thousands of homeless villagers in the Himalayas spent a miserable night outdoors in heavy rains after a powerful earthquake flattened houses and rescuers struggled to reach victims in the mountains of India, Nepal and Tibet.


Himalaya quake toll rises

Posted: 19 Sep 2011 09:38 PM PDT

Rescuers struggle to reach victims of quake that left 63 dead in India, Nepal and Tibet.


Bank of China halts FX swaps with some European banks (Reuters)

Posted: 19 Sep 2011 09:25 PM PDT

Reuters - Bank of China (601988.SS), a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.


China worried Europe debt crisis will hit trade (AP)

Posted: 19 Sep 2011 10:12 PM PDT

AP - China's Commerce Ministry said Tuesday it is worried that Europe's debt crisis could spill over into trade friction and hurt the country's exports.


Japan defense secrets safe in hacking: minister

Posted: 19 Sep 2011 10:20 PM PDT

TOKYO (Reuters) - Cyber attacks on Mitsubishi Heavy Industries, Japan's biggest defense contractor, do not appear to have compromised sensitive or classified information, Defense Minister Yasuo Ichikawa said on Tuesday.

Zambians vote for new president

Posted: 19 Sep 2011 09:27 PM PDT

Thousands of policemen deployed across country for presidential poll that promises to be a tight race.


The President's Latest Programs: "Insanity"

Posted: 19 Sep 2011 09:16 PM PDT

One definition of Insanity is "doing the same things over and over and expecting a different outcome." If that doesn't fit the Obama Jobs program and the Debt Reduction program, I don't know what does.


WSJ Social, For a World Where Facebook Is the New Internet

Posted: 19 Sep 2011 08:29 PM PDT

Is Facebook a friend of news companies, or a rival? No matter how much success publishers have piggybacking off its traffic, they can't escape the cruel math: The more of their time consumers spend on Facebook and other social networking hubs, the less they have left over for news sites. Now The Wall Street Journal has what it thinks is an answer to this problem.


VIDEO: The end for Japan's skyscrapers?

Posted: 19 Sep 2011 08:11 PM PDT

One of Japan's richest men, the billionaire property developer Akira Mori, has called for a halt to the building of skyscrapers.


Shells hit Yemen protest camp, two dead: witnesses (Reuters)

Posted: 19 Sep 2011 10:33 PM PDT

Pro-opposition students shout slogans as they try to enforce a boycott of studies at Sanaa University campus as part of protests demanding Yemen's President Ali Abdullah Saleh to step down, September 18, 2011. REUTERS/Khaled AbdullahReuters - Rockets hit a protest camp in Yemen's capital Sanaa, killing at least two people on Tuesday, witnesses said, on the third day of violence since the government's deadliest crackdown yet on pro-democracy demonstrations.

Exclusive: Brazil seeks to help Europe via IMF (Reuters)

Posted: 19 Sep 2011 08:07 PM PDT

Brazil's Finance Economy Guido Mantega gestures as he attends a news conference in Sao Paulo September 2, 2011. REUTERS/Paulo WhitakerReuters - Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.

Japan wants to convey stance on strong yen at G20: Azumi (Reuters)

Posted: 19 Sep 2011 08:30 PM PDT

Reuters - Japan hopes to explain its stance on the strong yen and how it is hurting the country's economy at this week's Group of 20 finance leaders' gathering, Finance Minister Jun Azumi said on Tuesday.


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TIMESCAST: TimesCast | September 19, 2011

TIMESCAST: TimesCast | September 19, 2011

TIMESCAST: TimesCast | September 19, 2011

Posted: 19 Sep 2011 12:58 PM PDT

President Obama vows to veto deficit-reduction plans that don't increase taxes; violence escalates in Yemen's capital; and the United Nations General Assembly begins.

Media Decoder Blog: Netflix Strategy Prompts Backlash

Posted: 19 Sep 2011 12:53 PM PDT

The company's decision to split into two businesses has customers complaining that it is treating them badly.

Popularity May Have Doomed Chinese TV Talent show

Posted: 19 Sep 2011 12:54 PM PDT

In the end, it was not the overabundance of sequins or the cringe-worthy ballads that doomed "Super Girl," one of China's most popular televised talent extravaganzas.

Jose Padilla’s Prison Sentence Too Short, Appeals Court Says

Posted: 19 Sep 2011 12:47 PM PDT

One of the first Americans designated an "enemy combatant" in the wake of the Sept. 11 terror attacks, Jose Padilla was sentenced to 17 years, 4 months.

"Random" Egypt arrests after Israel embassy attack

Posted: 19 Sep 2011 12:38 PM PDT

CAIRO (Reuters) - Egyptian rights groups have accused Egyptian authorities of carrying out random arrests after this month's attack on the Israeli embassy in Cairo, citing it as another example of a return to the ways of ousted President Hosni Mubarak.

Anti-Gaddafi forces move on Sabha

Posted: 19 Sep 2011 12:31 PM PDT

Anti-Gaddafi forces have captured two key positions close to the southern city of Sabha, says a spokesman for Libya's transitional authorities.


Medics battled to save Raoul Moat

Posted: 19 Sep 2011 09:53 AM PDT

An inquest hears that medics battled to save the gunman Raoul Moat's life


Stocks Slide as Greek Talks Drag On

Posted: 19 Sep 2011 12:57 PM PDT

Investors shed risky assets in the United States and Europe on Monday in a sign of increasing pessimism about Greece's debt crisis.

Syrian forces kill eight near Homs: activists

Posted: 19 Sep 2011 12:08 PM PDT

AMMAN (Reuters) - Syrian forces shot dead at least six villagers and two rebel soldiers on Monday, in a sweep of countryside north of the city of Homs, one of the most defiant regions in pro-democracy protests, activists and residents said.

Abbas: 'All hell let loose' over UN state bid

Posted: 19 Sep 2011 11:39 AM PDT

Palestinian president describes reaction to push for full membership as he arrives in New York.


Experts: Pirates hold English tourist in Somalia

Posted: 19 Sep 2011 08:09 AM PDT

An English tourist kidnapped from a remote Kenyan resort is being held by pirates in a remote corner of Somalia, according to experts and security analysts in Nairobi.

Norway killer gets 4 more weeks in solitary

Posted: 19 Sep 2011 10:31 AM PDT

Anders Breivik, who has admitted killing 77 people in Norway in July, will remain in solitary confinement for another four weeks, a judge ruled Monday.

Abbas to go ahead with statehood bid at U.N.

Posted: 19 Sep 2011 12:26 PM PDT

Palestinian President Mahmoud Abbas said Monday that he still intends to submit an application for statehood to the United Nations Security Council, according to U.N. spokesman Martin Nesirky, despite a rising tide of controversy that accompanies the measure.

Senior policeman survives Pakistan suicide blast, 8 dead

Posted: 19 Sep 2011 12:30 PM PDT

KARACHI (Reuters) - At least eight people were killed, including six policemen, after a Taliban suicide bomber drove an explosives-laden car into the home of a senior police official in Pakistan's commercial hub Karachi on Monday.

Titanic necklace stolen from show

Posted: 19 Sep 2011 11:22 AM PDT

A necklace that belonged to a passenger on the ill-fated ocean liner Titanic has been stolen from a temporary exhibition in Copenhagen.


Death Toll in Air Race Crash Rises

Posted: 19 Sep 2011 12:05 PM PDT

A 10th person died from injuries suffered when a modified World War II-era plane crashed into spectators during an air race in Reno, Nev.

Gunmen From Congo Kill 36 at Pub in Burundi

Posted: 19 Sep 2011 01:01 PM PDT

Armed men from Congo burst into a pub in the central African nation of Burundi and killed 36 people, an official said Monday.

On the Runway Blog: Catch Tom Ford but Don't Miss Thomas Tait During London Fashion Week

Posted: 19 Sep 2011 07:43 AM PDT

On Sunday evening, Tom Ford held another of his intimate shows that causes everyone to panic about missing it or feel bitter about being left out in the first place. But attention should also be paid this season in London to Thomas Tait, whose spring clothes were imaginative and inspiring.

Heavy security for Zambia polls

Posted: 19 Sep 2011 11:06 AM PDT

Thousands of policemen have been deployed in Zambia to prevent violence in Tuesday's fiercely contested elections, the police chief says.


Profiles in Science | Richard Dawkins: Richard Dawkins, an Original Thinker Who Bashes Orthodoxy

Posted: 19 Sep 2011 01:06 PM PDT

The Oxford don, a liberal atheist who is arguably the world's most influential evolutionary biologist, continues to turn the prevailing view of evolution and natural selection on its head.
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