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Source Match International News

BP shifts U.S. oil spill blame onto contractors (Reuters)

Reuters - BP shifted much of the blame for a rig blast that led to the United States' worst-ever oil spill onto its contractors Transocean and Halliburton.

BP shares gain after Gulf report (AP)

FILE - In this April 21, 2010 file image provided by the U.S. Coast Guard, fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon. Oil giant BP PLC says in an internal report released Wednesday Sept. 8, 2010 that multiple companies and work teams contributed to the massive Gulf of Mexico spill that fouled waters and shorelines for months. (AP Photo/US Coast Guard, File)AP - Shares in BP PLC tracked slightly higher after the release of an internal report on the disastrous oil spill in the Gulf of Mexico that deflects much of the blame onto rig owner Transocean Ltd. and contractor Halliburton Co.


Obama pitches road spending, tax incentives in Ohio (Reuters)

President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010. REUTERS/Larry DowningReuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.


Smithfield reports 1st-quarter profit (AP)

AP - Smithfield Foods Inc. says higher selling prices for pork and improvement in hog market prices helped it return to a profit in its fiscal first-quarter.

Stock futures track Europe stocks up (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010. Wall Street fell on Tuesday after reports on the European banking system reignited concerns about the financial stability of the region. REUTERS/Brendan McDermidReuters - Stock index futures rose on Wednesday tracking a turnaround in European stocks and ahead of comments from the Federal Reserve on the state of the economy.


Talbots profit tops estimates, but sales miss (Reuters)

Reuters - Women's clothing retailer Talbots Inc posted a higher-than-expected quarterly profit as tighter inventory management boosted its margins, but its shares fell as sales missed Wall Street forecasts.

HSBC faces thorny issues in hunt for new chairman (Reuters)

Reuters - For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.

Jackson Hewitt loss narrower than expected (Reuters)

Reuters - No. 2 U.S. tax-preparer Jackson Hewitt Tax Service Inc posted a narrower-than-expected quarterly loss, as a drop in total expenses offset the decline in revenue.

Swisscom to delist troubled Italian unit Fastweb (AP)

AP - Swisscom AG announced Wednesday it will buy all outstanding shares in its Italian telecoms unit Fastweb SpA, which has been rocked by a money-laundering probe, for a total of euro256 million ($326 million).

Suspected Islamist sect attacks Nigerian prison (AFP)

A policeman searches a burnt house for fleeing members of an Islamic sect in Bauchi, northern Nigeria on December 29. Suspected members of an Islamist sect have attacked a prison in northern Nigeria and fought a fierce gun battle with authorities, with one guard saying nearly all inmates escaped.(AFP/Pius Utomi Ekpei)AFP - Suspected members of an Islamist sect have attacked a prison in northern Nigeria and fought a fierce gun battle with authorities, with one guard saying nearly all inmates escaped.


BP shares move higher ahead of Gulf report (AP)

Visitors enter the BP-sponsored Childrens' Village at the 75th Annual Shrimp and Petroleum Festival in Morgan City, Louisiana. An internal BP inquiry due on Wednesday into what caused the Gulf of Mexico oil spill is expected to accept that BP staff made mistakes before the disaster, the Financial Times reported.(AFP/Getty Images/File/Sean Gardner)AP - Shares in BP PLC moved higher on Wednesday ahead of the release of the company's internal report on the disastrous oil spill in the Gulf of Mexico and after a credit ratings agency upgrade.


Suspected US missile attacks rock NW Pakistan (AP)

File photo of a US Predator unmanned drone armed with a missile on the tarmac of Kandahar military airport. A US missile strike on a militant compound in Pakistan's tribal district on the Afghan border killed 10 rebels on Wednesday, local security officials said.(AFP/File/Massoud Hossaini)AP - Two suspected U.S. missile strikes hit militant targets in northwestern Pakistan on Wednesday, officials said, bringing to six the number of such attacks in the region in less than a week. At least 10 suspected members of a group attacking NATO forces in Afghanistan were killed.


Nigeria: 800 inmates escape during prison attack (AP)

Rubble remains at the headquarters of the Islamic sect Boko Haram destroyed last year by the police and military in Maiduguri, Borno State on July 27. Suspected members of an Islamist sect have attacked a prison in northern Nigeria and fought a fierce gun battle with authorities, with one guard saying nearly all inmates escaped.(AFP/Pius Utomi Ekpei)AP - About 800 inmates escaped a federal prison holding Muslim extremists in northern Nigeria during a sunset attack by gunmen who are believed to be members of a radical sect, a police official said Wednesday.


Syrian influence in Lebanon on the rise again (AP)

FILE- In this Dec. 13, 2010 file picture, Syrian President Bashar Assad, right, meets with Lebanon's Prime Minister Saad Hariri, at Tishrin presidential palace,  in Damascus, Syria. Hariri said in an interview published Monday, he was wrong to accuse Syria of involvement in the 2005 assassination of his father, a major turnaround for a politician who has long blamed Damascus for the Beirut truck bombing that killed Rafik Hariri and 22 others. (AP Photo/Bassem Tellawi, File)AP - Five years ago, Lebanese thronged the streets of Beirut to protest Syrian control over their country in a movement that quickly ended decades of military domination.


Foster's knocks back $2.5 billion offer for wine (Reuters)

A six pack of Fosters beer is displayed in the fridge at a liquor store in Melbourne September 8, 2010. REUTERS/Mick TsikasReuters - Foster's Group Ltd , Australia's largest brewer, rejected a private equity offer worth up to $2.5 billion for its wine business as too cheap, sending its shares up as much as 6 percent on hopes of higher bids.


China's Hu calls for stable ties with US (AP)

U.S. Deputy National Security Adviser Tom Donilon, fourth from left, reacts during a meeting with Chinese State Councilor Dai Bingguo, third from right, during a meeting at the Great Hall of the People in Beijing Tuesday, Sept. 7, 2010. (AP Photo/Ng Han Guan, Pool)AP - Trying to smooth over recently rocky relations before a visit to Washington, Chinese President Hu Jintao told American officials on Wednesday that he wants to see healthy and stable ties between the two countries.


Demjanjuk health issues taking over trial (AP)

FILE - In this Dec. 21, 2009 file photo, defendant John Demjanjuk sits in a wheelchair as he arrives at a courtroom in Munich, Germany. The case of the retired Ohio autoworker accused of serving as a Nazi death camp guard, which resumes next week after a month-long summer break, broke potentially precedent-setting ground when it opened last year. (AP Photo/Michaela Rehle, Pool-File)AP - John Demjanjuk attends most sessions of his trial in a hospital bed set up in the courtroom, wearing dark sunglasses and a hat pulled down over his face.


Sinochem approaches Temasek on Potash bid (Reuters)

Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp, the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

Australian government prepared to adjust mining tax (Reuters)

Australia's Prime Minister Julia Gillard speaks during a news conference with Treasurer Wayne Swan in Parliament House, Canberra, September 7, 2010. REUTERS/Andrew TaylorReuters - Australia's fragile Labor government suggested on Wednesday it could adjust a planned profits-based tax on mining companies to bend to demands of the independent MPs giving it a slender grip on power.


Afghanistan: More voting stations to remain closed (AP)

Afghan children look at a burning pile of 5 tons of expired medicines, on the outskirts of Jalalabad, east of Kabul, Afghanistan, Tuesday, Sept. 7, 2010. (AP Photo/ Rahmat Gul)AP - Afghan election officials said Wednesday that scores of additional polling stations will have to remain closed during the Sept. 18 parliamentary vote because of the deteriorating security situation in the country.


China: Journalist Attacks Hurt Investigative Reporting (Time.com)

Time.com - China has long been an unfriendly place for journalists, but two attacks on journalists in Beijing this summer serve as a reminder that the threats to the press can extend beyond censorship to outright violence

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Servant testifies Filipino warlord ordered killing (AP)

Andal Ampatuan Jr., center, allegedly the prime suspect in the Nov. 23, 2009 massacre of 57 people, which included 30 journalists and staff in Maguindanao province in southern Philippines, is surrounded by security as he attends the formal trial Wednesday Sept. 8, 2010, at Philippine National Police's Camp Bagong Diwa at Taguig city, east of Manila, Philippines. The powerful Ampatuan clan is implicated in the massacre.  (AP Photo/Bullit Marquez)AP - A house servant of the politically powerful clan accused in last year's massacre of 57 people told a Philippine court Wednesday that the family members plotted the killings of rivals and journalists over dinner six days before the ambush.


Weeks of rains leave thousands homeless in Mexico (AP)

People use make-shift boats to cross a flooded avenue in Villahermosa in Mexico's Tabasco state, Tuesday Sept. 7, 2010.  Weeks of torrential rains have unleashed flooding in huge swaths of southern Mexico, forcing tens of thousands of people from their homes. (AP Photo/America Rocio)AP - Tens of thousands of people have abandoned their homes across southern Mexico to escape flooding from weeks of torrential rains, and forecasts are predicting even more rainfall.


US provides relief for floods in Guatemala (AFP)

Guatemalan Eva Lopez is seen through the vapor caused by the hot water coming down from the active Pacaya volcano, which along that coming from the overflowing of the Amatitlan lake have flooded her house in the community AFP - The United States said Tuesday it has requested 50,000 dollars in emergency aid for flood-hit Guatemala and reprogrammed another 4.38 million dollars in economic aid for recovery efforts.


Banging a Drum for the MDG Summit (OneWorld.net)

OneWorld.net - NEW YORK, Sep 7 (IRIN) - Activists are pulling out all the stops ahead of a development summit at UN headquarters on 20-22 September. Pro-aid and anti-poverty lobbyists are trying everything from giant letters to banging pans to raise awareness of the high-level event.

U.S. offensive expected in home district of Afghan Taliban leader (McClatchy Newspapers)

McClatchy Newspapers - ASHEQUE, Afghanistan — Zhari, the birthplace of the Taliban movement and once again a major stronghold of the Taliban insurgency, looks set to become a battle zone where some 2,400 U.S. troops will lead an attempt to reclaim the region for the Afghan government.

IAEA report: What's driving Iran's latest bout of nuclear obstinacy (The Christian Science Monitor)

The Christian Science Monitor - Iran reacted angrily Tuesday to charges from the United Nations nuclear watchdog that it was hindering an investigation of its nuclear programs by blocking experienced inspectors, and limiting access and design information.

Gov't launches plan to help "underwater" borrowers (AP)

In this Aug. 8, 2010 photo shows a foreclosure sign in front of a home in Los Angeles, Calif. The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth. (AP Photo/Paul Sakuma)AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.


Post-holiday pump prices should slide (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.


Summary Box: Worried investors turn to gold (AP)

AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.

Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

FTSE 100 closes lower (AFP)

London shares declined on Tuesday with weaknesses in the US market taking effect as Wall Street traders returned from a long holiday weekend.(AFP/File/Carl de Souza)AFP - London shares declined on Tuesday with weaknesses in the US market taking effect as Wall Street traders returned from a long holiday weekend.


The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...
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