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Current News Today

Israel strikes house of Hamas Gaza leader, digs in for long fight
An Israeli mobile artillery unit fires towards the Gaza StripBy Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) - Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City. Israeli aircraft fired a missile at the house of Hamas Gaza leader Ismail Haniyeh and flattened it before dawn, causing damage but no casualties, Gaza's interior ministry said. The Israeli military said five soldiers were killed in a battle with militants who crossed into Israel via a tunnel near the community of Nahal Oz, close to the Gaza border.

Tue, 29 Jul 2014 02:19:11 -0400

West agrees wider Russia sanctions as Kiev says forces near crash site
Armed pro-Russian separatists stand guard on the suburbs of ShakhtarskBy Gabriela Baczynska and Aleksandar Vasovic KIEV/DONETSK Ukraine (Reuters) - U.S. and European leaders agreed on Monday to impose wider sanctions on Russia's financial, defense and energy sectors as Ukraine said its forces advanced toward the crash site of Malaysian flight MH17. The new sanctions, which U.S. President Barack Obama and leaders of Germany, Britain, France and Italy discussed in a conference call, are aimed at increasing the pressure on Russian President Vladimir Putin after the Malaysian airliner was shot down over territory held by pro-Moscow rebels in eastern Ukraine. "It's precisely because we've not yet seen a strategic turn from Putin that we believe it's absolutely essential to take additional measures and that's what the Europeans and the United States intend to do this week," said Tony Blinken, a national security adviser to Obama.

Mon, 28 Jul 2014 15:58:58 -0400

Iraq lays claim to Kurdish crude cargo in Texas court
Iraq filed suit on Monday in a Texas court to gain control of a cargo of crude oil from Iraqi Kurdistan that Baghdad says was sold without its permission. The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo. The ship, which is too large to enter the port of Galveston near Houston, was given clearance by the U.S. Coast Guard on Sunday to transfer its cargo offshore to smaller boats that would deliver it to the U.S. mainland. Iraq, in its filing in U.S. District Court for the Southern District of Texas, asked for an order allowing the cargo to be seized by the U.S. Marshals Service.

Mon, 28 Jul 2014 19:26:36 -0400

Current News Today

Judge OKs record-setting $2B sale of Clippers (Yahoo Sports)
FILE - JULY 28, 2014: A California judge has issued a preliminary ruling against Donald Sterling that would allow his wife Shelly Sterling to sell the NBA Los Angeles Clippers to former Microsoft chief Steve Ballmer for $2 billion, according to published reports. OAKLAND, CA - APRIL 27: Shelly Sterling, the wife of Donald Sterling owner of the Los Angeles Clippers, watches the Clippers against the Golden State Warriors in Game Four of the Western Conference Quarterfinals during the 2014 NBA Playoffs at ORACLE Arena on April 27, 2014 in Oakland, California. The players wore theirs warm up this way in protest of owner Donald Sterling's racially insensitive remarks. (Photo by Thearon W. Henderson/Getty Images)Embattled Los Angeles Clippers owner Donald Sterling lost his attempt to block the $2 billion sale of the team to former Microsoft CEO Steve Ballmer. In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks. Shelly Sterling sought the probate judge's approval to ink the deal after taking over the family trust that owns the team because doctors found Donald Sterling had signs of Alzheimer's disease and couldn't manage his affairs. The judge said Shelly Sterling had negotiated a good deal and the removal of her husband as a co-trustee was in good faith and not part of a secret plan to seize the team.

Mon, 28 Jul 2014 19:46:49 PDT

Lions postpone talks with Suh until after season (Yahoo Sports)
File- This Dec. 29, 2013, file photo shows Detroit Lions defensive tackle Ndamukong Suh walking on the field during the first half of an NFL football game against the Minnesota Vikings in Minneapolis. A person familiar with the situation says Suh is not attending the Detroit Lions' voluntary minicamp this week. The person, who says Suh will attend the team's voluntary workouts in May and mandatory minicamp next month, spoke Monday April 21, 2014, to The Associated Press on condition of anonymity because Suh was not announcing his plans. (AP Photo/Jim Mone, File)The Detroit Lions are postponing contract talks with All-Pro defensive tackle Ndamukong Suh until after the season. Suh is entering the final season of his contract, and team president Tom Lewand and general manager Martin Mayhew said before practice Monday that negotiations are being tabled. If the two sides can't reach a deal after the season, the Lions could still keep Suh by using their franchise tag on him. ... I think the cap is going to go up next year, and probably the year after that too.'' The Lions selected Suh with the second overall pick in 2010, and he has 27 1/2 sacks in his four pro seasons.

Mon, 28 Jul 2014 15:47:44 PDT

Cabrera, Dickey lead Blue Jays over Red Sox 14-1 (Yahoo Sports)
Toronto Blue Jays' Melky Cabrera (53) is congratulated by teammate Jose Reyes after his second two run, home run of the game against the Boston Red Sox during the sixth inning of a baseball game at Fenway Park in Boston, Monday, July 28, 2014. (AP Photo/Charles Krupa)Melky Cabrera's second homer sailed over the left field wall and smashed a car window across the street. Just a little extra damage in a game when the Toronto Blue Jays hammered the Boston Red Sox. Cabrera homered from both sides of the plate and drove in five runs, R.A. Dickey pitched three-hit ball for seven innings and the Blue Jays won 14-1 on Monday night. ''He didn't know'' his three-run homer in a nine-run sixth inning had cracked the windshield, Cabrera said through a translator.

Mon, 28 Jul 2014 21:12:06 PDT

Current News Today

Asia stocks reach three-year peak, China on the rise
Pedestrians cross a road in front of an electronic board showing stock prices in TokyoHong Kong's key stock index rose 0.5 percent to its loftiest level in over 3-1/2 years on optimism that the economy has turned a corner and as investors wagered on more growth-friendly policies from Beijing. The charge had been led by Chinese banks after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors. "The recent rally of Hong Kong and China stock markets is pretty much liquidity-driven due to favourable fund flow. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.33 percent to be just a whisker from a peak last touched in April 2011.

Tue, 29 Jul 2014 02:18:16 -0400

Exclusive: Goldman unit eyes foray into China amid metals financing scandal
Goldman Sachs sign is seen above floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New YorkBy Josephine Mason, Melanie Burton and Susan Thomas NEW YORK/SYDNEY/LONDON (Reuters) - Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share. It has intensified a battle between new entrants and entrenched rivals in the multi-billion dollar business of securely storing the world's commodities in China, the world's biggest producer and user of base metals. As Goldman ponders a possible move into China, Western warehousing companies already operating there, including Glencore Plc unit Pacorini Metals and Trafigura-owned Impala [TRAFGF.UL], are scrambling to defend their turf. Detroit-based Metro International Trade Services, a major warehousing company that Goldman bought in 2010, is looking at setting up shop in Shanghai and other bonded locations in the country, a source familiar with the matter told Reuters.

Tue, 29 Jul 2014 01:12:55 -0400

Jaded Argentines brace for looming debt default
Pedestrians walk past a homeless man in Buenos Aires'financial districtBy Eliana Raszewski and Richard Lough BUENOS AIRES (Reuters) - Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default. Garcia's wait-and-see attitude is typical of other businesses who anticipate a slowdown in sales in a country grappling with a surging inflation rate but are convinced any economic downturn will be moderate. While unsettling, the debt crisis today is a far cry from the turmoil of Argentina's $100 billion default in 2002, and Garcia is optimistic things will ultimately improve. Argentina's record default sent shockwaves through global capital markets and millions of Argentines lost their jobs as the economy collapsed.

Tue, 29 Jul 2014 01:10:38 -0400

Current News Today

Parents of slain Israeli teen speak out
Yahoo News Exclusive Interview with the Parents of Israeli Teen Gil-Ad ShaerThe parents of one of three teens murdered last month speak exclusively to Yahoo News.

Mon, 28 Jul 2014 20:54:19 -0400

U.S. says Russia violated 1987 missile pact
Air Force's nuclear missile forceThe Obama administration has called the alleged breach a "very serious matter."

Mon, 28 Jul 2014 20:13:09 -0400

U.S. launches ‘neighborhood watch' spy satellites
Students Design Radiation Shield for NASA's Orion SpacecraftA rocket carrying 2 Air Force ‘neighborhood watch' satellites has lifted off from Cape Canaveral.

Mon, 28 Jul 2014 19:56:01 -0400