Eric Linton

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Russia Threatens to Veto Syria Resolution at U.N.

Russia shot down suggestions from some U.N. Security Council members of an imminent deal on a draft resolution aimed at stopping Syria's bloody upheaval, warning it would veto the current text if it were put to a vote on Friday.
Feb 02, 2012

U.S. and Allies Exploring Prospects for Assad Exile

The United States, European governments and Arab states have begun discussing the possibility of exile for Bashar al-Assad despite skepticism that the defiant Syrian president is ready to consider such an offer, Western officials say.
Feb 02, 2012

U.S. Plans $2.8B Upgrade of F-16 Fighter

The U.S. Air Force said Thursday it plans a $2.8 billion upgrade of about 350 of its aging F-16 multi-role fighter planes to help offset slower purchases of the next-generation F-35 Joint Strike Fighter.
Feb 02, 2012

Asian Markets Flat, Awaiting U.S. Jobs Numbers

Asian shares and major currencies were stuck in ranges Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.
Feb 02, 2012

Trump Reported Endorsing Gingrich for President

Businessman and reality TV personality Donald Trump will endorse former House Speaker Newt Gingrich for the 2012 Republican presidential nomination Thursday, several media outlets reported Wednesday night.
Feb 01, 2012

House Votes to Repeal Part of Obama Health Law

The House of Representatives voted Wednesday to repeal a provision of President Barack Obama's healthcare overhaul setting up a home-care program for the elderly and disabled that regulators said was unworkable.
Feb 01, 2012

House Passes Extension of Federal Pay Freeze

The House of Representatives, seeking to cut the U.S. deficit and burnish its own tarnished image, passed a bill Wednesday to extend a pair of pay freezes for federal workers, including its own members.
Feb 01, 2012

Mortgage Deal Would Give States Enforcement Clout

A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Feb 01, 2012

House Republicans Propose $260B for Infrastructure

House Republicans will propose legislation Tuesday calling for $260 billion in spending on transportation infrastructure for up to five years, an election-year proposal touted as a job creator.
Jan 30, 2012

EU States Back Germany's Fiscal Discipline Pact

Chancellor Angela Merkel cemented her political ascendancy in Europe Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.
Jan 30, 2012

Nikkei Heads for Best January Performance in 13 Years

Japan's Nikkei share average was on track to snap a three-day losing run Tuesday and headed for its best January performance since 1999, as investors took cues from optimism about the U.S. economy and shrugged off weaker corporate earnings results.
Jan 30, 2012

Obama Downplays Use of Drones in Iraq

President Barack Obama Monday played down the use of U.S. drones in Iraq, saying the program was very limited and focused mainly on protecting the U.S. Embassy in Baghdad.
Jan 30, 2012

S&P Warns G20 Nations of Downgrade over Health Costs

Ratings agency Standard & Poor's warned Monday that it may downgrade "a number of highly rated" Group of 20 countries in 2015 if their governments fail to enact reforms to curb rising health-care spending and other costs related to aging populations.
Jan 30, 2012

S&P Says MF Global Claimed Strength Just Before Collapse

Just a week before futures brokerage MF Global filed for bankruptcy, the firm's chief financial officer told analysts at Standard & Poor's that its capital position had "never been stronger," according to the ratings agency
Jan 30, 2012

Gold Price Retreats from 7-Week High

Gold ticked lower Monday after earlier rising to its highest in more than seven weeks as investors awaited the outcome of Greece's debt deal talks, but sentiment was supported by a firmer euro and lower-than-expected U.S. growth data.
Jan 29, 2012

Assad Forces Retake Damacsus Suburbs in Bloody Assault

Armored forces loyal to President Bashar al-Assad took control Sunday of eastern suburbs of Damascus from opposition fighters after two days of bombardment and fighting with rebels, activists said Sunday night.
Jan 29, 2012

Water Leak at Fukushima Suspends Cooling Operation

Japan's stricken Fukushima nuclear power plant has leaked more than 600 liters of water, forcing it to briefly suspend cooling operations at a spent-fuel pond over the weekend, but none is thought to have escaped into the ocean.
Jan 29, 2012

400 Arrested in Occupy Oakland Unrest; Clash in New York

More than 400 anti-Wall Street protesters were arrested in Oakland during a night of skirmishes in which police fired tear gas and bean bag projectiles, the city said on Sunday, marking one of the biggest mass arrests since nationwide economic protests began last year.
Jan 29, 2012

Romney Opens 12-Point Lead over Gingrich in Latest Florida Poll

White House hopeful Mitt Romney's lead over rival Newt Gingrich has edged up to 12 percentage points in Florida, with just two days remaining before the state's Republican primary, according to results of a Reuters/Ipsos online poll released on Sunday.
Jan 29, 2012

Davos Elite See Euro Surviving -- for Now

On the European currency, a mood of short-term relief tinged with longer-term doubt prevails among the world's movers and shakers at this year's World Economic Forum session in the Swiss Alps.
Jan 29, 2012

Union Tells U.S. Oil Refinery Workers to Prepare to Strike

The United Steelworkers union told U.S. refinery workers to prepare to offer safe and orderly refinery shutdowns before a strike that could begin as early as 12:01 a.m. Wednesday, sources familiar with the union's preparations said Sunday.
Jan 29, 2012

ABB Reported Near $4B Deal for Thomas & Betts

Swiss engineering company ABB (ABBN.VX) was near an agreement Sunday to acquire U.S. manufacturer Thomas & Betts Corp (TNB.N) for about $ 4 billion, the Wall Street Journal reported, citing people familiar with the matter.
Jan 29, 2012

Iran Sends Mixed Signals on Threat of Europe Oil Embargo

Iran sent conflicting signals in a dispute with the West over its nuclear ambitions Sunday, vowing to stop oil exports soon to some countries but postponing a parliamentary debate on a proposed halt to such sales to the European Union.
Jan 29, 2012

South Sudan Cuts Oil Flow, Demands Border Pact

South Sudan has totally shut down oil output in a dispute with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region, its oil minister said Sunday.
Jan 29, 2012

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