Current News Today
| Yanukovich backs Ukraine compromise talks, police dismantle protest barricades|
By Richard Balmforth and Alissa de Carbonnel KIEV (Reuters) - Ukrainian President Viktor Yanukovich backed a call for talks with the opposition on Monday to end weeks of protests in Kiev, but tension was high with pro-Europe demonstrators barricading their protest camp in preparation for police intervention. As riot police took up new positions in the capital, heavyweight boxing champion-turned-opposition politician Vitaly Klitschko called on the protesters to stand their ground, and warned Yanukovich that he would have blood on his hands if security forces tried to end the standoff violently. Across town, police dismantled protest tents to free the main road near the government hq and herded protesters back. Reuters correspondents at the scene said there were no attempts by police to move against the large encampment of protesters on Kiev's Independence Square, focal point of the demonstration.
Mon, 09 Dec 2013 11:48:12 -0500
| U.S. drone strike kills three in Yemen: local official|
Missiles fired from a U.S. drone killed at least three people travelling in a car in eastern Yemen on Monday, a local official said. A Yemeni news website said the car was driving on a main road in the al-Qatan district of Hadramout province. The United States has stepped up drone strikes as part of a campaign against Al Qaeda in the Arabian Peninsula (AQAP), regarded by Washington as the most active wing of the Islamist militant network. Human Rights Watch said in a detailed report in August that U.S. missile strikes, including armed drone attacks, have killed dozens of civilians in Yemen.
Mon, 09 Dec 2013 13:19:14 -0500
| Iran, six powers meet on steps to carry out nuclear deal|
By Fredrik Dahl VIENNA (Reuters) - Iran and six world powers began expert-level talks on Monday to work out nitty gritty details in implementing a landmark accord for Tehran to curb its disputed nuclear program in return for a limited easing of sanctions. The preliminary accord is seen as a first step towards resolving a decade-old standoff over suspicions Iran might be covertly pursuing a nuclear weapons "breakout" capability, a perception that has raised the risk of a wider Middle East war. Officials from Iran and the United States, France, Germany, Britain, China and Russia met at the Vienna headquarters of the U.N. nuclear agency, which will play a central role in verifying that Tehran carries out its part of the interim deal. The outcome of the meeting is expected to determine when Iran stops its most sensitive nuclear activity and when it gets the respite in sanctions that it has been promised in return.
Mon, 09 Dec 2013 10:45:07 -0500
Current News Today
| AP Source: Gronkowski has torn ACL, damage to MCL (Yahoo Sports)|
FOXBOROUGH, Mass. (AP) -- A person familiar with the injury tells The Associated Press that New England Patriots tight end Rob Gronkowski has a torn ACL and damaged MCL.
Mon, 09 Dec 2013 09:31:46 PST
| Cy Young winner Halladay retires after 16 seasons (Yahoo Sports)|
Two-time Cy Young Award winner Roy Halladay has retired after 16 seasons in the major leagues with Toronto and Philadelphia. The 36-year-old right-hander signed a one-day contract Monday to retire as a member of the Blue Jays, where he spent the first 12 years of his career. Halladay played for the Phillies from 2010-13, finishing with two injury-plagued seasons. He won an NL Cy Young Award in 2010, throwing a perfect game that season and a no-hitter in his first postseason game.
Mon, 09 Dec 2013 09:52:35 PST
| Torre, La Russa, Cox elected to baseball Hall (Yahoo Sports)|
Joe Torre, Tony La Russa and Bobby Cox, baseball's winningest managers over the past four decades, were unanimously elected to the Hall of Fame on Monday by the expansion era committee. ''Managing against them, you certainly learned things,'' said Torre, now an executive vice president for Major League Baseball. ''I am honored to go into the Hall with these two guys.'' Induction ceremonies will be held July 27 in Cooperstown, N.Y. Torre became the fifth manager to win four World Series championships, leading the Yankees to titles in 1996 and from 1998-00 - beating Cox's Braves twice. After making only one trip to the playoffs in 14 seasons with the New York Mets, St. Louis and Atlanta, Torre guided the Yankees to the postseason in all 12 of his years in New York with a cool, patient demeanor.
Mon, 09 Dec 2013 09:01:03 PST
Current News Today
| Fed's Lacker: Risks of further bond-buying outweigh benefits|
By Steven C. Johnson CHARLOTTE, North Carolina (Reuters) - Further monetary stimulus is unlikely to do much to help the U.S. economy and the risks of pressing ahead with the policy outweigh the benefits, a top Federal Reserve official said on Monday. Speaking ahead of the central bank's December 17-18 policy meeting, Richmond Fed President Jeffrey Lacker said pressing on with the Fed's $85-billion-a-month bond buying program will do little to help an economy being held back by slow growth in population and productivity. But continuing the purchases "does increase the size of our balance sheet and correspondingly increases the risks associated with the exit process when it becomes time to withdraw the stimulus," Lacker said at a Charlotte Chamber of Commerce event. The Fed, frustrated with the slow pace of recovery from the 2007-2009 recession, has kept interest rates near zero for five years and has swelled its balance sheet to nearly $4 trillion to spur investment, hiring, and growth.
Mon, 09 Dec 2013 13:17:02 -0500
| Sysco to buy US Foods from private equity, shares leap|
Sysco Corp will buy US Foods Inc for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. food distributors and create a company commanding about a quarter of the $235 billion North American market. Sysco, whose shares jumped about 25 percent to a record high in early trading, will also assume US Foods' debt of about $4.7 billion as it combines its supply chain expertise with the strong consumer-facing technologies of US Foods. Shareholders of US Foods, owned by affiliates of private equity firms Clayton, Dubilier & Rice and KKR & Co , will own about 13 percent of Sysco after the closing of the deal, which creates a company with revenue of $65 billion. "Combining and maximizing the significant strengths of two outstanding companies is certain to be of tremendous advantage in supporting our customers," US Foods Chief Executive John Lederer said in a statement on Monday.
Mon, 09 Dec 2013 13:40:33 -0500
| Exclusive: Gulf firms consider bid for Occidental MidEast stake - sources|
By Dinesh Nair and David French DUBAI (Reuters) - Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said. Abu Dhabi's Mubadala Development Co , Qatar Petroleum and Oman Oil Co have formed a consortium and have picked Citigroup to advise them, the sources with knowledge of the matter said on Monday. Occidental, the fourth-largest U.S. oil company, said in October it planned to sell a minority stake in its MENA operations as part of a restructuring meant to lift its valuation. Occidental and Qatar Petroleum were not immediately available for comment, while Citi and Mubadala declined to comment.
Mon, 09 Dec 2013 13:35:50 -0500
Current News Today
| Newtown asks for privacy, kindness on 1-year mark|
Families of Sandy Hook victims ask others to consider "acts of kindness."
Mon, 09 Dec 2013 13:31:42 -0500
| Guitar-playing Detroit bankruptcy judge is all ears|
Veteran judge Steven Rhodes takes residents' concerns to heart, colleagues say.
Mon, 09 Dec 2013 12:08:16 -0500
| Ukraine police move against Kiev protesters|
Ukrainian security forces on Monday moved in on pro-EU demonstrators to end a week-long blockade of the government headquarters after the authorities sent special internal troops into central Kiev in an increasingly tense showdown. With the authorities apparently keen to regain control of the city centre, the party of jailed opposition leader Yulia Tymoshenko said that armed police had raided their offices although this was denied by police. Upping the stakes after more than a fortnight of protests over the government's rejection of a pact with the European Union, the protesters a day earlier symbolically toppled the statue of the Soviet Union's founder Vladimir Lenin in Kiev. President Viktor Yanukovych announced he would meet former Ukrainian presidents on Tuesday in a bid to find a way out of the crisis and was also backing the idea of roundtable talks with the opposition.
Mon, 09 Dec 2013 12:39:24 -0500