Saturday, August 28, 2010

International Headlines

Date: Sat, 28 Aug 2010 05:01:07 -0400

>TOP STORIES as of 0900 GMT -- 28 August, 2010

> IRAQ PUT ON HIGH ALERT AHEAD OF EXPECTED BOMBING CAMPAIGN
Iraqi Prime Minister Nuri al-Maliki has warned of likely attacks
across the country and put security forces on high alert
following a recent wave of 20 bomb attacks.

> SOLDIERS FIGHT OFF ATTACKS IN AFGHANISTAN
Afghan soldiers and coalition troops stopped two attacks on
military bases in Khost province Saturday, the NATO-led
International Security Assistance Force said.

> 'PLAN B' IN WORKS TO HELP TRAPPED MINERS
The 33 miners trapped in a Chilean mine have been told for the
first time that they will be stranded up to four months. But a
proposed "Plan B" may hasten their rescue.

> LEAD COP IN MEXICO MASSACRE MISSING
A lead investigator and another official looking into the
massacre of 72 migrants in northern Mexico are missing, Mexico's
president said Friday.

> FIREFIGHT ERUPTS NEAR U.S. CONSULATE
Gunmen and security forces exchanged fire early Saturday near
the U.S. Consulate in Peshawar, Pakistan, intelligence officials
said.

> 6 MISSING AFTER RUSSIAN TUGBOAT SINKS
The search resumed Saturday for six sailors missing after their
tugboat sank in the Laptev Sea off Siberia's northern coast,
Russian news agencies reported.

> SOURCES: U.S. DRONE KILLS 3 MILITANTS
Three suspected militants were killed when a suspected U.S.
drone fired four missiles on two vehicles in Pakistan's tribal
region, Pakistan intelligence officials told CNN Friday.

> WORKER CHARGED IN HOSPITAL FIRE DEATHS
A Romanian hospital worker has been arrested on charges of
negligence with severe consequences relating to a deadly fire at
a hospital in which five babies died.


~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~

> BOEING DELAYS DREAMLINER DELIVERY DATE
Boeing has said its 787 Dreamliner passenger jet will be delayed
by several more weeks. The jet is already more than two years
late.

> FED STANDS BY TO BOOST U.S. GROWTH
Ben Bernanke, Federal Reserve chairman, said on Friday that
weaker-than-expected consumer spending growth and a "depressed"

> HAPPY 80TH BIRTHDAY, WARREN BUFFETT
Warren Buffett is poised to celebrate his 80th birthday having
emerged from the financial crisis not only with his reputation
intact, but burnished.

Friday, August 27, 2010

Markets, Friday, 08/27/2010

Date: Fri, 27 Aug 2010 17:31:05 -0400

|---------------------------------------------------------------------------|
| Dow : 10,150.65 up 164.84 | S & P : 1,064.59 up 17.37
|
| NASDAQ: 2,153.63 up 34.94 | Bond (10Y): 2.65% up 0.153
|---------------------------------------------------------------------------|

MARKETS:
Stocks shake off recovery jitters
Stocks rally as investors focus on GDP, taking Bernanke's cautious
comments and Intel's sales warning with a pinch of salt. Dow surges
165 points.

Stocks end with a bang - Dow gains 165 points - as Bernanke calms fears over lower GDP revision. Nasdaq and S&P 500 gain 1.6%.

Date: Fri, 27 Aug 2010 16:03:07 -0400

Stocks end with a bang - Dow gains 165 points - as Bernanke calms
fears over lower GDP revision. Nasdaq and S&P 500 gain 1.6%.

Stocks gain on Bernanke comments, GDP revision

Date: Fri, 27 Aug 2010 12:00:53 -0400

STOCKS GAIN ON BERNANKE COMMENTS, GDP REVISION
U.S. stocks rise Friday as investors digest comments from Federal
Reserve Chairman Ben Bernanke that the Fed is ready to fight deflation
and welcome a better-than-expected GDP revision.

BERNANKE TALKS TOUGH ON DEFLATION
Federal Reserve Board Chairman Ben Bernanke said Friday that the
central bank would not sit idly and let the U.S. economy sink into a
period of deflation.

BERNANKE PUSHES BACK AT MORE EASING
Federal Reserve Chairman Ben Bernanke is not in any rush to further
ease monetary policy to stimulate the economy, writes Rex Nutting.

U.S. SECOND-QUARTER GROWTH SLOWS TO 1.6% RATE
The Commerce Department's downwardly revised estimate of
second-quarter growth in the U.S. economy comes in at 1.6% -- not as
bad as economists and investors had feared.

CONSUMER CONFIDENCE INCHES UP IN AUGUST
Consumer confidence rises slightly in August but still remains weak,
according to a report released Friday.

Bernanke says recovery has slowed, but expects growth to pick up in 2011. Says deflation is not a 'significant risk.'

Date: Fri, 27 Aug 2010 10:01:08 -0400

Bernanke says recovery has slowed, but expects growth to pick up in
2011. Says deflation is not a 'significant risk.'

International Headlines

Date: Fri, 27 Aug 2010 05:02:04 -0400
>TOP STORIES as of 0900 GMT -- 27 August, 2010

> CARTER WINS RELEASE OF AMERICAN FROM NORTH KOREA
Former President Jimmy Carter is leaving North Korea with a U.S.
man who was imprisoned in the communist country after entering
it illegally, according to the Carter Center.


> NASA: PAIR OF DISTANT PLANETS DISCOVERED
Two planets slightly smaller than Saturn have been discovered
orbiting a distant star, a first for NASA's Kepler space
telescope, the space agency said.l

> PAKISTAN URGES 500,000 NEW EVACUATIONS
Pakistan's government has warned about 500,000 people in the
country's southeastern Sindh province to evacuate immediately
because of possible flooding.

> U.N. EMERGENCY SESSION HELD ON CONGO
U.N. peacekeepers in eastern Congo say they knew Rwandan rebels
were massing in the region where 150 women were raped.

> THIRD ARREST MADE IN CANADA TERROR CASE
Canada authorities plan to release names and charges Thursday
against two suspects arrested a day earlier on terror-related
crimes.

> DOCTORS TO REMOVE 23 NAILS FROM WOMAN
A Sri Lankan maid whose Saudi employer allegedly hammered 23
nails into her arms, legs and forehead is set to undergo surgery
Friday, while government officials meet with Saudi diplomats in
Colombo over the incident.

> ROMANIANS LEAVE FRANCE IN CRACKDOWN
Two chartered planes carrying almost 300 Romanian nationals left
France on Thursday in compliance with the French government's
program to expel Roma without valid identity papers, according
to the French Ministry of Immigration.

> GERMAN SINGER CONVICTED IN HIV CASE
A German pop star was found guilty Thursday of failing to tell
sexual partners that she was infected with HIV and was given a
two-year suspended sentence.


~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~

> HAPPY 80TH BIRTHDAY, WARREN BUFFETT
Warren Buffett is poised to celebrate his 80th birthday having
emerged from the financial crisis not only with his reputation
intact, but burnished.

> INVESTING IN AFRICA 'NOT FOR FAINT-HEARTED'
Proximity is the key to success for investors looking to tap
into Africa's up-and-coming economies, according to one expert
on West Africa's emerging markets.

> OMAN TO INVEST $20B TO LURE UPSCALE TOURISTS
As temperatures soar across the Persian Gulf, one oasis is
blossoming with greenery.

Economy grew at a much slower pace in the second quarter than previously estimated; GDP revised sharply lower to 1.6% annual rate.

Date: Fri, 27 Aug 2010 08:32:04 -0400

Economy grew at a much slower pace in the second quarter than
previously estimated; GDP revised sharply lower to 1.6% annual rate.

Stocks pop at the open after revised GDP comes in better than expected. Dow up 74 points. Nasdaq gains 0.8%; S&P rises 0.5%.

Date: Fri, 27 Aug 2010 09:32:07 -0400

Stocks pop at the open after revised GDP comes in better than
expected. Dow up 74 points. Nasdaq gains 0.8%; S&P rises 0.5%.

Breaking News

Date: Thu, 26 Aug 2010 22:17:09 -0400

The Carter Center says former U.S. President Jimmy Carter secured the
release of an American imprisoned in N. Korea.

Thursday, August 26, 2010

Market Briefing Newsletter for Thursday, 08/26/2010

Date: Thu, 26 Aug 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,985.81 down 74.25 | S & P : 1,047.22 down 8.11
|
|NASDAQ: 2,118.69 down 22.85| Bond (10Y): 2.50% down 0.039
|---------------------------------------------------------------------------|

MARKETS:
Stocks slump on slowdown fears
Stocks end lower as worries about the economy overshadow a report
showing initial jobless claims declined more than expected.

Stocks end lower, erasing earlier gains, as investors fret about a slowing economy ahead of GDP revision; Dow dips 74 points.

Date: Thu, 26 Aug 2010 16:03:04 -0400

Stocks end lower, erasing earlier gains, as investors fret about a
slowing economy ahead of GDP revision; Dow dips 74 points.

U.S. stocks turn lower as economic worries persist

Date: Thu, Aug 26, 2010 at 12:00 PM

U.S. stocks turn lower as economic worries persist
Stocks bounce around in jumpy trading, but cling to modest gains as a drop in jobless claims takes some of the edge off concerns over a slowing U.S. economic recovery.

INITIAL JOBLESS CLAIMS DROP TO 473,000, U.S. SAYS
The number of people filing first-time claims for unemployment benefits falls for the first week in four, with the Labor Department pegging the decrease at 31,000 to put the number of applicants at 473,000 for the week ended Aug. 21. 
 
DROP IN JOBLESS CLAIMS SMALL COMFORT
The number of people filing for unemployment benefits declined for the first time in a month, a welcome spot of good news on the economy, writes Rex Nutting.  

DELL RAISES BID FOR 3PAR TO TRUMP H-P'S OFFER
Dell Inc. has raised its buyout offer for 3Par Inc. to $24.30 per share in cash, narrowly beating a bid submitted by arch-rival Hewlett Packard Inc. earlier in the week. 

Number of people filing for initial jobless benefits fell to 473,000 last week; down 31,000 from previous week.

Date: Thu, 26 Aug 2010 08:32:06 -0400

Number of people filing for initial jobless benefits fell to 473,000
last week; down 31,000 from previous week.

Stocks open higher after the number of people filing for initial jobless claims declines. Dow edges up 32 points. Nasdaq gains 0.3%.

Date: Thu, 26 Aug 2010 09:33:04 -0400


Stocks open higher after the number of people filing for initial
jobless claims declines. Dow edges up 32 points. Nasdaq gains 0.3%.

Wednesday, August 25, 2010

Markets, Wednesday, 08/25/2010

Date: Wed, 25 Aug 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,060.06 up 19.61 | S & P : 1,055.33 up 3.46
|
|NASDAQ: 2,141.54 up 17.78 | Bond (10Y): 2.54% up 0.039
|-------------------------------------------------------------------------- |

MARKETS:
Stocks recover from housing blues
A government report showed an unexpected drop in new home sales, but
stocks struggle higher. Dow closes 20 points higher.

Stocks finish higher, with the Dow gaining 21 points, after shaking off earlier losses sparked by housing fears.

Date: Wed, Aug 25, 2010 at 4:03 PM

Stocks finish higher, with the Dow gaining 21 points, after shaking off earlier losses sparked by housing fears.

July new-home sales fall to record low pace

Date: Wed, 25 Aug 2010 12:00:58 -0400

July new-home sales fall to record low pace
Sales of new homes in the United States fell to all-time record low in
July, as demand from consumers has dried up after tax breaks for
homebuyers expired in April, the Commerce Department estimated
Wednesday.

HOUSING STILL AT HEART OF OUR PROBLEMS
Four years after the housing bubble began to explode, it looks like
home owners may have to accept further losses before it's all over.

EXISTING-HOME SALES PLUNGE 27.2% IN JULY
The sale of existing U.S. homes sank 27.2% in July -- the biggest
one-month drop ever -- largely because of the phase-out of a federal
tax credit, according to an industry trade group.

U.S. DURABLE-GOODS ORDERS INCH UP 0.3%
Stronger demand for airplanes translate only into a 0.3% increase in
durable-goods orders in July, underscoring broad weakness in other
categories, the Commerce Department estimates.

Stocks open lower on more housing fears. Dow slips 24 points; Nasdaq slides 0.5%; S&P dips 0.3%.

Date: Wed, 25 Aug 2010 09:32:03 -0400

Stocks open lower on more housing fears. Dow slips 24 points; Nasdaq
slides 0.5%; S&P dips 0.3%.

U.S. durable-goods orders rise a less-than-forecast 0.3% in July

Date: Wed, 25 Aug 2010 08:35:29 -0400

U.S. durable-goods orders rise a less-than-forecast 0.3% in July
08/25/2010 08:33:49 AM EDT

International Headlines

Date: Wed, 25 Aug 2010 05:02:03 -0400
>TOP STORIES as of 0900 GMT -- 25 August, 2010

> TWO NATIONS MOURN BUS VICTIMS AS BODIES FLOWN HOME
The Philippines is observing a national day of mourning for the
victims of this week's bus hijacking in Manila that left eight
tourists from Hong Kong dead.

> 11 DEAD IN IRAQ SUICIDE ATTACK ON POLICE
At least four people were killed and 13 others wounded when a
suicide car bomber hit a police station in northeast Baghdad
Wednesday morning, police said.

> PLANE'S BLACK BOX FOUND IN CHINA
Investigators were trying to determine Wednesday what caused
China's first fatal passenger plane crash in almost six years
after finding the jet's black box.

> WIKILEAKS SAYS IT WILL RELEASE CIA PAPER
The whistle-blowing website WikiLeaks says it will release new
documents on Wednesday. It recently released some 76,000 U.S.
documents related to the war in Afghanistan.

> U.N. SLAMS VIOLENCE IN MOGADISHU
The U.N. has condemned the Somalia suicide bombing that took the
lives of at least 33 people on Tuesday, including six members of
Parliament.

> AID WORKERS STRUGGLE IN PAKISTAN
The elderly women pushed their way through the crowd of refugees
to the blond woman walking through the camp in Sukkur, Pakistan.
They surrounded the foreigner, aid worker Claire Sanford. One of
the women clasped her hands together and began to beg.

> SMUGGLED URANIUM SEIZED IN MOLDOVA
Officials in Moldova seized 1.8 kilograms (about 4 pounds) of
uranium and arrested five people in connection with the
operation, a government official, who declined to be identified,
Said.

> PERU INVESTIGATES VAN DER SLOOT PHOTO
Authorities in Peru said Tuesday they have begun disciplinary
action against jailers who photographed suspected killer Joran
van der Sloot posing with two other men held in connection with
high-profile killings there.


~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~
> LEADERSHIP WILTS UNDER SPOTLIGHT
The leadership in Manila suddenly finds itself suddenly in
league with multinational corporations like BP and Toyota who
watch their credibility erode as missteps are magnified before a
global audience.

> IS APPLE WORKING ON A 'DESKTOP IPAD?'
Apple may be developing a computer that combines the look of a
desktop with the touch-screen functions of its tablet-style
iPad, according to reports about a patent filed by the company.

> TRIBE'S 'AVATAR' VICTORY OVER MINING PLAN
Environment authorities in India reject proposals to mine a
mountain, saying any such activity in that area would jeopardize
livelihoods of tribes.

Tuesday, August 24, 2010

Existing home sales plunge to annual rate of 3.83 million in July, realtor group says.

Date: Tue, 24 Aug 2010 10:04:04 -0400

Existing home sales plunge to annual rate of 3.83 million in July,
realtor group says.

Breaking News

Date: Tue, 24 Aug 2010 14:40:17 -0400

Forty-three people killed, 53 rescued after plane crash in northeast
China, state-run media reports

Markets, Tuesday, 08/24/2010

Date: Tue, 24 Aug 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,040.45 down 133.96 | S & P : 1,051.87 down 15.49 |
|NASDAQ: 2,123.76 down 35.87 | Bond (10Y): 2.50% down 0.108
|---------------------------------------------------------------------------|

MARKETS:
Stocks lose big on home sales shock
Concerns about the economy trigger sell-off after a report shows
existing home sales plunged in July.

Existing-home sales plunge 27.2% in July

Date: Tue, Aug 24, 2010 at 12:00 PM

Existing-home sales plunge 27.2% in July
The sale of existing U.S. homes sank 27.2% in July -- the biggest one-month drop ever -- largely because of the phase-out of a federal tax credit, according to an industry trade group. 

BOEHNER: GEITHNER AND SUMMERS SHOULD GO
President Barack Obama should call for the resignation of both Treasury Secretary Timothy Geithner and Larry Summers, the head of the White House's national economic team, House Minority Leader John Boehner said Tuesday.  

ALASKA, ARIZONA, FLORIDA ON TAP FOR TUESDAY
The Republican ticket in the 2008 presidential election figures prominently in Tuesday's primaries as Sen. John McCain seeks to win again in Arizona and Sarah Palin's choice for a Senate seat faces an uphill climb in Alaska; In Florida, the winner of the Democratic nomination faces a tough race in November from both the Republican and independent tickets. 

International Headlines

Date: Tue, 24 Aug 2010 05:01:08 -0400
TOP STORIES as of 0900 GMT -- 24 August, 2010

> ANGER IN HONG KONG AFTER BLOODY END TO HOSTAGE CRISIS
The hostage crisis in Manila that left eight Hong Kong tourists
dead has generated sorrow and anger in the southern Chinese
enclave as residents question the handling of the siege by the
Filipino authorities.

> CHILE MINERS SURVIVE ON CANNED MACKEREL
Rescue workers in Chile are preparing tubes packed with food
after learning that 33 miners trapped for nearly three weeks are
still alive in an underground shelter.

> CARTER TO VISIT N. KOREA TO FREE AMERICAN
Former U.S. President Jimmy Carter is planning to go to North
Korea this week in the hopes of securing the release of an
American man imprisoned for illegally entering the communist
nation, officials said.

> GEORGE MICHAEL TO APPEAR IN LONDON COURT
Singer George Michael is scheduled to appear in a London court
Tuesday following allegations he crashed his car into a north
London shop.

> 14 FEARED DEAD IN NEPAL PLANE CRASH
A single engine aircraft carrying 11 passengers and three crew
members crashed south of Kathmandu while flying to the Everest
region Tuesday morning, government officials said.

> PAKISTAN RECOVERY 'COULD TAKE YEARS'
The State Department says long-term recovery and reconstruction
efforts in flood-ravaged Pakistan could take "many, many months,
if not years."

> SWEDEN: WIKILEAKS FOUNDER COULD LEAVE
A Swedish prosecutor who issued a later-revoked arrest warrant
against WikiLeaks founder and editor Julian Assange believed he
was about to leave the country.

> 7 BODIES FOUND DUMPED IN MEXICAN MINES
Authorities in the Mexican state of Hidalgo recovered seven
bodies from two mines over the weekend, believed to be related
to drug cartel activity, the Hidalgo state attorney general's
office said Monday.


~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~

>CAN AFRICA BREAK ITS 'RESOURCE CURSE'?
Many African countries are blessed with oil and mineral wealth
that has the potential to transform their economies. But
historically, those resources have often been more of a curse
than a blessing.

> SMART REGULATION CAN FOSTER NEXT BOOM
Michael Mandel believes digital communications is set to be the
engine of economic expansion, and FCC regulations should allow
for growth.

> OPINION: OBAMA'S ECONOMIC SMARTS
The president has made impressive strides in taking on jobs and
growth, says Anthony Coley -- no matter what Mitt Romney says

Monday, August 23, 2010

Markets, Monday, 08/23/2010

Date: Mon, 23 Aug 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,174.41 down 39.21 | S & P : 1,067.36 down 4.33
|
| NASDAQ: 2,159.63 down 20.13 | Bond (10Y): 2.61% down 0.005
|---------------------------------------------------------------------------|

MARKETS:
BlackBerry crumble: Why RIM is in trouble
Shares of Research in Motion have been hit hard as investors worry
about disappointing Torch sales. Is RIM now a great bargain or is it
the next Palm?

Stocks finish lower after choppy session, with the Dow shedding 40 points as investors weigh lingering economic worries.

Date: Mon, 23 Aug 2010 16:01:07 -0400

Stocks finish lower after choppy session, with the Dow shedding 40
points as investors weigh lingering economic worries.

Breaking News

Date: Mon, Aug 23, 2010 at 12:37 PM

Seven hostages were killed in Monday's attack on bus carrying tourists in Philippines, Hong Kong's chief executive says.


HP outbids Dell for data-storage provider 3Par

Date: Mon, Aug 23, 2010 at 12:00 PM

HP outbids Dell for data-storage provider 3Par
Hewlett-Packard offers to buy data-storage provider 3Par for $1.6 billion, eclipsing an earlier agreement 3Par reached with Dell as the tech rivals strive to expand beyond their core businesses in personal computers.

POTASH IN TALKS WITH THIRD PARTIES TO FEND OFF BHP
Potash Corporation of Saskatchewan Inc. urged its shareholders on Monday to reject BHP Billiton's nearly $39 billion unsolicited bid and said it's in talks with third parties about an alternative.

SABMILLER MAY OFFER $10.9 BILLION FOR FOSTER'S
SABMiller PLC, the world's No. 2 beer maker, reportedly is considering spending up to $10.9 billion to acquire the beer operations of Foster's Group Ltd., the largest brewer in Australia, according to a media report Sunday. 

HSBC MAY BUY NEDBANK STAKE WORTH OVER $6 BILLION
HSBC Holdings is in exclusive talks to buy a majority stake in Nedbank, South Africa's fourth-largest lender, from U.K. insurance firm Old Mutual. A deal could command a price tag of more than $6 billion, as HSBC looks to position itself to capitalize on growing trade between Africa and Asia.

U.S. STOCKS ERASE GAINS AS DEAL EUPHORIA FADES
U.S. stocks fall slightly, erasing an earlier rally as investors return their focus to the weak economy while excitement over a burst of deal activity fades.

Stocks open higher on optimism fueled by talk about prospective deals. Dow gains 20 points. Nasdaq, S&P inch up.

Date: Mon, 23 Aug 2010 09:32:04 -0400

Stocks open higher on optimism fueled by talk about prospective deals.
Dow gains 20 points. Nasdaq, S&P inch up.

International Headlines

Date: Mon, 23 Aug 2010 05:02:04 -0400
TOP STORIES as of 0900 GMT -- 23 August, 2010

> EX-POLICEMAN HIJACKS TOURIST BUS IN PHILIPPINES
A dismissed police inspector demanding that his job be
reinstated has hijacked a tourist bus in Manila, police said.
There were 25 people on the bus, including 22 foreigners.

> TRAPPED CHILEAN MINERS: WE'RE ALIVE
A note has revealed that the 33 miners trapped in a Chilean mine
for more than two weeks are alive inside a shelter, Chilean
President Sebastian Pinera said.

> KARZAI TO LAUNCH ANTI-CORRUPTION UNITS
Afghan President Hamid Karzai is expected to announce Monday a
plan for two special anti-corruption units -- set up with U.S.
help and participation -- to operate without government
interference.

> WIKILEAKS FOUNDER DECRIES 'SMEAR'
Julian Assange says Swedish authorities reached "the height of
irresponsibility" by issuing an arrest warrant alleging rape
against him, then revoking it soon after.

> HEALTH THREAT TO PAKISTAN FLOOD SURVIVORS
For almost a million Pakistanis, the misery of epic flooding
covering one-fifth of the country has now taken the form of
communicable illnesses.

> IRAN UNVEILS LONG-RANGE BOMBING DRONE
Iran on Sunday unveiled the first long-range military drone
manufactured in the country at a ceremony to mark the nation's
Defense Industry Day, state media reported.

> NETANYAHU: SECURITY VITAL TO LASTING PEACE
The Israeli prime minister said Sunday that talks with
Palestinians will only lead to a lasting peace deal if the
latter guarantees security and recognizes that Israel is the
nation state of the Jewish people.

> AUSTRALIAN LEADERS WOO INDEPENDENTS
With no clear winner emerging from a cliff-hanger national
election, Australian political leaders jostled for support from
a handful of independent lawmakers Sunday.


~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~

> APPS POISED TO TOP TELECOM PROFITS
Mobile operators expect app downloads to become their biggest
source of income in developed markets within three years and
want to charge content providers for preferential access to
their networks.

> PAKISTAN'S DIRE ECONOMIC OUTLOOK
After weeks of massive flooding that killed at least 1,539
people, water is finally receding in parts of the country. But
for the millions of survivors, another nightmare looms.

> THINK BP OWES YOU? FILE CLAIM HERE
The Gulf Coast Claims Facility begins accepting personal and
business claims from those affected by the Gulf oil disaster,
starting Monday.

Breaking News

Date: Mon, 23 Aug 2010 08:13:04 -0400

Police in Philippines try to storm bus with15 people on board as
gunman fires at hostages, spokesman says.

Sunday, August 22, 2010

International Headlines

Date: Sun, 22 Aug 2010 05:02:07 -0400
TOP STORIES as of 0900 GMT -- 22 August, 2010

> REPORT: IRAN TO UNVEIL DEFENSE PROJECT
The Iranian defense minister said the country's military plans
to unveil an important project Sunday, state media reported.

> 'TOO CLOSE TO CALL' IN AUSTRALIA POLL
Australia's political future hung in the balance after no clear
winner emerged in the cliff-hanger election, and a final outcome
remained days away.

> FLOODWATERS THREATEN PAKISTANI CITY
Shahdadkot's half a million people frantically tried to flee
their homes Saturday as a wall of water threatened to burst mud
berms and drown the entire city in Pakistan's Sindh province.

> CHINA: 50,000 EVACUATED AFTER FLOODS
Officials in northeastern China have evacuated more than 50,000
people as floodwaters collapse houses and cut off transportation
in some areas, state media reported Saturday.

> ARREST WARRANT FOR ASSANGE REVOKED
Swedish authorities say they have revoked an arrest warrant
alleging rape against Julian Assange, founder and editor of the
whistle-blowing website WikiLeaks.

> BOMB ATTEMPTS KILL SOMALI MILITANTS
Two failed bomb attempts by the Somali Islamist group,
Al-Shabaab, killed 11 militants around Mogadishu, Somalia's
transitional government said Saturday.

> SUSPECTS IN VAN GOGH THEFT ARRESTED
Egyptian authorities have recovered a stolen painting created by
Vincent Van Gogh, nabbing the suspected thieves just moments
before they were to board a plane and flee the country,
according to Egypt's official news agency, MENA.

> VENEZUELA DEFENDS FLIGHTS TO IRAN, SYRIA
Venezuela's ambassador to the United States is defending his
country's controversial airline service to the capitals of Syria
and Iran -- both countries that are designated by the U.S. as
state sponsors of terrorism.


~~~~~~~~~~~
BUSINESS
~~~~~~~~~~~

NOKIA SIEMENS SUED IN IRAN CASE
Nokia Siemens Networks rejected a lawsuit filed in a U.S. court
by a jailed Iranian journalist and his son, who allege that the
European telecommunications company provided Iran's government

U.S. WARNS ON FROZEN MAMEY FRUIT PULP
The U.S. Food and Drug Administration warned consumers on Friday not
to eat frozen mamey fruit pulp -- sold under the La Nuestra and Goya
brands -- after at least nine people in California and
Nevada fell ill with typhoid fever.

RIO VOWS TO PUSH AHEAD WITH BHP VENTURE
Tom Albanese, chief executive of Rio Tinto, insisted on Friday
the miner would push ahead with its controversial Australian
iron ore joint venture with BHP Billiton, denying a report that
the deal was facing collapse.