Category: U.S. Economy

Column: What war on the press?

Column: What war on the press?

By Jack Shafer (Reuters) – President Barack Obama has declared war on the press, say writers at Slate, the Daily Beast, Reason, the Washington Post (Jennifer Rubin, Dana Milbank and Leonard Downie Jr.), Commentary, National Journal (Ron Fournier), the New York Times editorial page, CBS News, Fox News (Roger Ailes) and even Techdirt. Scores of [...]

Stockholm calmer but violence spreads outside Swedish capital

Stockholm calmer but violence spreads outside Swedish capital

By Ilze Filks and Mia Shanley STOCKHOLM (Reuters) – A nearly week-long spate of rioting spread outside Stockholm on Friday but authorities said police reinforcements sent to the Swedish capital had reduced the violence there, even though dozens of youths set cars and a recycling station ablaze. The rioting – set off earlier this month [...]

UK fighters escort Pakistan plane to airport, two arrests

UK fighters escort Pakistan plane to airport, two arrests

By Rhys Jones and Peter Griffiths LONDON (Reuters) – British fighter jets escorted a Pakistan International Airlines passenger plane to Stansted Airport near London on Friday, where police went on board and arrested two men on suspicion of endangering an aircraft. Passengers were leaving the plane and no one was hurt in the incident, a [...]

Durable goods orders point to factory resilience

Durable goods orders point to factory resilience

By Jason Lange WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. [...]

Kerry says Israelis, Palestinians must make tough decisions

Kerry says Israelis, Palestinians must make tough decisions

By Arshad Mohammed TEL AVIV (Reuters) – Israeli and Palestinian leaders must decide soon on whether to revive long-dormant peace negotiations to end their decades-old conflict, U.S. Secretary of State John Kerry said on Friday. Ending two days of meetings in the region, Kerry said he had had "very productive" talks. But there were no [...]

Group linked to Algeria gas plant attack claims Niger raids

ABIDJAN (Reuters) – An al Qaeda-linked group that carried out the raid on the In Amenas gas plant in Algeria in January has claimed to have participated in Thursday’s attacks in Niger. A statement posted on the internet on Friday was signed by Khalid Abu al-Abbas, better known as Mokhtar Belmokhtar, a leading figure in [...]

Venezuela prosecutor to open probe over leaked recording

Venezuela prosecutor to open probe over leaked recording

CARACAS (Reuters) – Venezuela’s prosecutor’s office said on Thursday it would open an investigation into in a recording the opposition says features a top government ally accusing the deputy head of the ruling Socialist Party of corruption and conspiring against the new president. Opposition deputies on Monday broadcast the recording of a conversation they said [...]

Boy Scouts of America votes to end century-old ban on gay scouts

Boy Scouts of America votes to end century-old ban on gay scouts

By Marice Richter GRAPEVINE, Texas (Reuters) – The Boy Scouts of America voted on Thursday to lift a century-old ban on openly gay scouts in a major victory for gay rights activists, but the decision means a sea of change for an organization that depends heavily on faith-based groups. More than 60 percent of the [...]

Analysis: Markets face rough summer ride as Fed pullback feared

Analysis: Markets face rough summer ride as Fed pullback feared

By Rodrigo Campos NEW YORK (Reuters) – For the past few months, the Federal Reserve has been squarely in the financial markets’ corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in [...]

Google faces new federal antitrust probe: source

Google faces new federal antitrust probe: source

WASHINGTON (Reuters) – U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent [...]