Wednesday, June 22, 2011

Obama likely to bring 10K troops home this year (AP)

Obama likely to bring 10K troops home this year (AP)

Obama likely to bring 10K troops home this year (AP)

Posted: 22 Jun 2011 12:08 PM PDT

In this May 20, 2011 photo, U.S. Army Spc. Natisha LeCount of Brunswick, Ga. patrols the streets in Pul-e-Alam, the provincial capital of Logar province, south of Kabul, Afghanistan. Afghan and coalition troops are stepping up patrols and clearing operations and building more checkpoints in Logar, a gateway to the Afghan capital, to prevent insurgents from entering the city to stage attacks. (AP Photo/Deb Riechmann)AP - President Barack Obama will map a course for drawing down the nearly 10-year war in Afghanistan Wednesday, when he is expected to set a target of bringing home about 30,000 troops by the end of 2012.

Fed acknowledges economy is growing more slowly (AP)

Posted: 22 Jun 2011 10:52 AM PDT

A television monitor shows the interest rate decision of the Federal Reserve as specialist Philip Finale works on the floor of the New York Stock Exchange Wednesday, June 22, 2011. The Federal Reserve acknowledged that the economy is growing more slowly than it expected. But it plans to complete its $600 billion Treasury bond buying program by the end of the month. (AP Photo/Richard Drew)AP - The Federal Reserve acknowledged Wednesday that the economy is growing more slowly than it expected. But it said it will complete its $600 billion Treasury bond buying program by June 30 as planned and announced no further efforts to boost the economy.

Sirens sound as river tops levees in N Dakota city (AP)

Posted: 22 Jun 2011 12:06 PM PDT

The Souris River passes near a home Tuesday, June 21, 2011, in Minot, N.D. About 11,000 Minot residents are being ordered to leave their homes even earlier than expected this week as the river gets closer to swamping the North Dakota city with the worst flooding in four decades, officials said Tuesday. (AP Photo/ The Forum, Teri Finneman)AP - Sirens wailed across Minot Wednesday as the swollen Souris River overtopped levees five hours ahead of a looming evacuation deadline, setting in motion what is expected to be the worst flooding to hit the North Dakota city in four decades.

CBO: Debt crisis looms absent major policy changes (AP)

Posted: 22 Jun 2011 11:25 AM PDT

AP - A new report says that the national debt is on pace to equal the annual size of the economy within a decade, levels that could provoke a European-style debt crisis unless policymakers in Washington can slam the brakes on spiraling deficits.

Bachmann's 2012 kickoff set for Monday in Iowa (AP)

Posted: 22 Jun 2011 11:58 AM PDT

FILE - In this June 17, 2011 file photo, Republican presidential hopeful, Rep. Michele Bachmann, R-Minn., speaks in New Orleans. Bachmann plans to formally launch her campaign for president on Monday from her birthplace of Waterloo, Iowa, a campaign aide said Wednesday. (AP Photo/Patrick Semansky, File)AP - Republican Michele Bachmann plans to formally launch her campaign for president on Monday from her birthplace of Waterloo, Iowa, a campaign aide said Wednesday.

Artist Ai Weiwei released by China, says he's fine (AP)

Posted: 22 Jun 2011 10:29 AM PDT

Activist artist Ai Weiwei, right, shakes hand with unidentified foreign journalists gathered outside his home in Beijing, China, Wednesday, June 22, 2011. Chinese state media said Ai Weiwei has been released on bail after confessing to tax evasion, following three month in detention. Ai thanked reporters waiting outside his studio for their support but said under the conditions of his release he was not able to say more.(AP Photo/Ng Han Guan)AP - Renowned artist Ai Weiwei, the most high-profile target of a sweeping crackdown on activists in China, returned home late Wednesday after nearly three months in detention. Looking tired and thinner, he said the conditions of his release meant he could not talk more.

FDA concludes silicone breast implants mostly safe (AP)

Posted: 22 Jun 2011 12:48 PM PDT

FILE - In this Dec. 11, 2001 file photo, a silicone gel breast implant is shown at Mentor Corp. manufacturing facility in Irving, Texas. Federal health officials sid Wednesday, June 22, 2011, the latest data on silicone breast implants show they are relatively safe, despite frequent complications that lead about one in five women to have the implants removed within ten years. (AP Photo/Donna McWilliam, file)AP - Don't expect breast implants to last for life, the government warned Wednesday: About 1 in 5 women who receive them for cosmetic reasons will have them removed within 10 years, and those odds are even higher for cancer survivors.

Police: 'Jackass' star drunk in fatal Pa. crash (AP)

Posted: 22 Jun 2011 12:31 PM PDT

In this Nov. 2, 2010 photo, U.S reality television personality and daredevil Ryan Dunn attends the Jackass 3D UK Premiere at a central London cinema. Police say Dunn and a passenger in his 2007 Porsche died early Monday, June 20, 2011, of injuries sustained in a car crash in suburban Philadelphia. (AP Photo/dapd, Jorge Herrera) GERMANY OUT; AUSTRIA OUT; SWITZERLAND OUTAP - "Jackass" star Ryan Dunn had a blood-alcohol content that was more than twice the legal limit when he and a passenger died in a fiery one-car crash this week, according to a toxicology report.

Tobey Maguire, others are sued over poker winnings (AP)

Posted: 22 Jun 2011 12:29 PM PDT

FILE - In this Jan. 24, 2011 file photo, Tobey Maguire, a cast member in 'The Details,' is interviewed at the premiere of the film at the 2011 Sundance Film Festival in Park City, Utah. Maguire and other celebrities and businessmen, including Nick Cassavettes, are being sued by a bankruptcy trustee attempting to recoup more than $4 million he claims the stars won during illicit poker matches in the Los Angeles area. The trustee is suing on behalf of those bilked by an imprisoned Ponzi scheme architect who allegedly used investors' money to pay off his gambling debts. (AP Photo/Chris Pizzello, file)AP - "Spider-Man" star Tobey Maguire and other celebrities have been caught in a web of lawsuits seeking to reclaim more than $4 million won during unlicensed poker matches at upscale Beverly Hills hotels, court records show.

Nadal moves into 3rd round at Wimbledon (AP)

Posted: 22 Jun 2011 10:48 AM PDT

Spain's Rafael Nadal returns a shot to Ryan Sweeting of the US at the All England Lawn Tennis Championships at Wimbledon, Wednesday, June 22, 2011. (AP Photo/Kirsty Wigglesworth)AP - Rafael Nadal improved his winning streak at Wimbledon to 16 matches after beating Ryan Sweeting of the United States 6-3, 6-2, 6-4 Wednesday under the roof on Centre Court.

Fed cuts GDP forecast; no hint of more support (Reuters)

Posted: 22 Jun 2011 12:35 PM PDT

Federal Reserve Chairman Ben Bernanke's news conference is seen on a television screen in a booth on the floor of the New York Stock Exchange, Wednesday, June 22, 2011, in New York. Bernanke said some of the problems that are slowing the U.S. economy could persist into next year. (AP Photo/Richard Drew)Reuters - The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon.

Obama to unveil plan for Afghanistan troop withdrawal (Reuters)

Posted: 22 Jun 2011 10:11 AM PDT

U.S. Army soldiers from the 2nd Platoon, B battery 2-8 field artillery, fire a howitzer artillery piece at Seprwan Ghar Forward fire base in Panjwai district, Kandahar province southern Afghanistan, June 12, 2011. REUTERS/Baz RatnerReuters - President Barack Obama was set to unveil on Wednesday his plan to start bringing U.S. troops home from Afghanistan, a first step toward ending a decade-long war that is increasingly unpopular in the United States.

FedEx profit jumps, expects robust 2012 (Reuters)

Posted: 22 Jun 2011 09:59 AM PDT

Reuters - FedEx Corp's quarterly profit and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices.

No let-up in pressure on Greece despite vote (Reuters)

Posted: 22 Jun 2011 11:16 AM PDT

Reuters - Europe kept the pressure on Greece to push forward with a painful austerity program on Wednesday after Athens cleared the first hurdle in avoiding a sovereign default.

London Stock Exchange sweetens its TMX bid (Reuters)

Posted: 22 Jun 2011 12:21 PM PDT

Reuters - The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium.

Exclusive: OneWest gains a ray of hope for Paulson in glum times (Reuters)

Posted: 22 Jun 2011 08:20 AM PDT

Reuters - John Paulson's roll of the dice on a lender that rose from the wreckage of the financial crisis is emerging as one of the few big winners for the hedge fund manager in what is shaping up as a downbeat year.

Senate Democrats seek new economic stimulus (Reuters)

Posted: 22 Jun 2011 09:38 AM PDT

Reuters - Democrats in the Senate on Wednesday called on Vice President Joe Biden to include new economic stimulus spending in deficit-reduction talks as a way of lowering the 9.1 percent jobless rate that is hobbling the economic recovery.

Airbus orders pile up as Boeing stalls (Reuters)

Posted: 22 Jun 2011 07:53 AM PDT

Reuters - Airbus put on a show of force at the Paris Air Show on Wednesday, securing a $16 billion deal for 180 aircraft from India's IndiGo and saying more deals were near, leaving rival Boeing in the shade.

China releases artist Ai Weiwei on bail (AFP)

Posted: 22 Jun 2011 11:26 AM PDT

Chinese police have released detained artist Ai Weiwei, seen here in 2010, on bail after he confessed to tax evasion and because he suffers from a chronic disease, according to the state-run Xinhua news agency.(AFP/File/Peter Parks)AFP - Outspoken Chinese artist Ai Weiwei was released on bail in Beijing Wednesday nearly three months after he was detained during the government's biggest crackdown on activists in years.

NATO vows to press Libya campaign over Italian reservations (AFP)

Posted: 22 Jun 2011 11:50 AM PDT

A Libyan child holds a rebel flag while an armed man directs traffic during an anti-Kadhafi demonstration in the rebel-stronghold of Benghazi. NATO vowed to press its bombing campaign in Libya despite a call from member state Italy for a halt to allow the delivery of humanitarian aid as the civilian death toll mounts.(AFP/Gianluigi Guercia)AFP - NATO vowed Wednesday to press its bombing campaign in Libya despite a call from member state Italy for a halt to allow the delivery of humanitarian aid as the civilian death toll mounts.
Posted by Harshad at 1:03 PM

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