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News Feed Latest worldwide news Australia grapples with asylum Reinstalled Australian Prime Minister Kevin Rudd recently announced his Papua New Guinea or "PNG Solution" in an effort to halt the escalating number of unauthorized boat arrivals of asylum seekers to Australia shores. Hostility radiates as two Egypts take to the streets CAIRO (Reuters) - Rival camps struggling for Egypt's future radiated mistrust and hostility from competing mass protests in Cairo on Friday, with Islamists proclaiming justice as their only weapon and their opponents demanding the army fight terrorism. Soriano Acquired by Yankees From Cubs The Yankees officially acquired Alfonso Soriano in a trade with the Chicago Cubs on Friday, returning the seven-time All-Star to the team where he began his career. Theater Review Murmurs Brings Slapstick to the Lincoln Center Festival Murmurs, a mime/circus show by Victoria Thierre Chaplin, explores illusions with a strange set and surreal scenes. FOREX-Dollar falls to five-week low on Fed stimulus speculation * Speculation Fed may tweak its forward guidance on rates U.S. would get short-term job spike if spending cuts reversed CBO WASHINGTON (Reuters) - The economy would enjoy a short-term boost with up to 1.6 million jobs being added if Congress were to cancel more than $100 billion in upcoming automatic spending cuts... Uncle Prince Harry jokes about baby-sitting July 26 - Britain's Prince Harry says his duty as new uncle to Prince George will include ensuring 'he has fun' and jokes about the high rates he charges as baby sitter. Rough Cut (no reporter narration). Bo Xilai indicted For more than a year, Bo Xilai has been the elephant in the room in Chinese politics -- the central figure in one of the messiest political scandals to hit the ruling Communist Party in years. Hot Korean fashion, where to get it From loud street style to runway chic, these 10 South Korean fashion brands are defining Asia's trendiest looks Critics Say Chicago Shouldnt Aid DePaul Arena With Schools Closing A proposal to build a $173 million arena with public and private money has upset critics who prefer the city stave off school closures. German town raises ire for scheme using asylum seekers as porters BERLIN (Reuters) - A German town has halted a scheme offering asylum seekers 1.05 euros an hour to carry luggage at a station after rail operator Deutsche Bahn refused permission due to a public... REFILE-Jurors hear of Tourre's Goldman paid leave after SEC lawsuit NEW YORK, July 26 (Reuters) - A lawsuit by the U.S. Securities and Exchange Commission may have destroyed his career, as former Goldman Sachs trader Fabrice Tourre put it, but for more than a year it didn't eliminate his pay. U.S. chief executives can't break cost-cutting habit (Reuters) - A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy's Co More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings. Jets First Practice Marred by Hint of Uncertainty From Holmes Jets receiver Santonio Holmes said he was unsure of when he would return or if he would come back this season because of a foot injury. Qatar grounds a 787 as glitches pile up on Boeing jet DUBAI (Reuters) - Qatar Airways said on Friday it had taken one of its Boeing 787 Dreamliners out of service following what it described as a "minor" technical issue, as pressure mounted on the plane maker over possible new electrical problems with the advanced jet. New Anglo boss targets $3.5 billion lift to fix lagging miner LONDON (Reuters) - Anglo American's new boss laid out his blueprint for a turnaround of the underperforming miner on Friday, vowing to cut costs, halve a $17 billion project pipeline and revive lagging mines to boost cash and returns by 2016. F.D.A. Grants Exclusivity to Plan B One-Step The agency on Monday granted the maker of Plan B One-Step exclusive marketing rights for three years to sell the morning-after pill without a prescription for all ages. US STOCKS SNAPSHOT-Wall St ends flat, but Amazon helps Nasdaq NEW YORK, July 26 (Reuters) - U.S. stocks finished mostly flat on Friday, though a rally in Amazon.com shares a day after the online retailer's results helped boost the Nasdaq. A Writer and Star of Not the Nine OClock News on BBC2 Mr. Smith performed in TV and movies, directed films like The Tall Guy and helped found a production company with successful comedy shows. For 'Fruitvale Station' director, film school and football pay off LOS ANGELES (Reuters) - Two years out of the University of Southern California's film school, Ryan Coogler is still paying down his debt. Opposition mounts to Summers as possible Fed chief WASHINGTON (Reuters) - President Barack Obama could be months away from announcing his pick to replace Ben Bernanke at the Federal Reserve, yet critics are already making an unusual public effort to stop one contender in the race - former U.S. Treasury Secretary Lawrence Summers. In the Garden The Storm Erases, the Drawing Board Replaces Two landscape designers give guidance on how to repair a landscape after destruction from a storm. Lee Westwood's U.S. move Former world No. 1 on why his U.S. move could help him to claim his first major victory. Canon shares slide 7 percent after it cuts profit outlook TOKYO (Reuters) - Shares in Canon Inc fell 7 percent to a three-week low on Thursday after the world's largest digital camera maker cut its operating profit forecast for the year by 16 percent,... DealBook Wall Streets Exposure to Hacking Laid Bare Five people were accused of hacking into the servers of more than a dozen large American companies and the Nasdaq stock exchange, showing the financial systems vulnerability to cybercrime. Fischer Wary of Releasing More Biogenesis Names The man who released documents allegedly showing how the now-shuttered Biogenesis clinic provided performance-enhancing drugs to athletes says he is not disclosing more client names because of how messy he thinks Major League Baseball's current investigation has gotten. Horses served at the drive-thru? Watch what happens when horses go through a McDonalds' drive-thru. CNN's Jeanne Moos reports on the ruckus. The case against commodities grows (Reuters) - Buying commodities in order to diversify your portfolio might not be that bright an idea after all. Arctic thaw could cost $60 trillion A long-trapped store of methane could rapidly speed up global warming if it escapes from the thawing Siberian tundra, adding as much as $60 trillion to the expected costs of climate change, scientists reported Wednesday. Rivals see UBS holding on to clients after trading loss GENEVA (Reuters) - Rich clients of Swiss bank UBS have not yet moved their millions to other banks after its $2.3 billion trading scandal last month, rival private bankers said. Ex-Bank of America trader launches credit hedge fund - source LONDON (Reuters) - Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets. Living With Cancer A Quilt of Poetry Taking inspiration from a number of cancer poets, Susan Gubar pieced together a quilt of poetry to convey the feeling of chaos so common among people with cancer. Cuomo Signs Law Banning Shark Fin Sales The bill signed by Gov. Andrew M. Cuomo signals the death knell for a traditional Chinatown delicacy shark fin soup. Heat wave blamed for 4 NYC deaths The heat wave that rolled through the Northeast last week killed at least four people in New York, the city's medical examiner reported Monday. The 30-Minute Interview Khashy Eyn Mr. Eyn is the chief executive of Platinum Properties, a boutique brokerage firm that specializes in the downtown residential market of Manhattan, and now Miami. Well In Terms of Injury, Cities Safer Than Country If you want to avoid death by injury, live in a large city a new study has found they are safer than rural areas. Mexico's ICA reports sharp loss in 2nd-qtr MEXICO CITY, July 26 (Reuters) - Mexican construction company ICA reported a 500.9 million peso net loss in the second quarter, the company said in a filing with the Mexican stock exchange on Friday. Battery Seen as Way to Cut Heat-Related Power Losses Large-scale batteries of various types are being tested by some big utilities that want to store power for times when it is needed most. Delay in Disclosing Leaks at Fukushima Is Criticized The lack of transparency by the operator, Tokyo Electric Power Company, in revealing that contaminated water from the site had been flowing into the ocean has renewed public frustration. In Transit Blog A QE2 Hotel May Ply the Waters QE2 Holdings announced plans to convert the Queen Elizabeth 2, one of the worlds most storied ocean liners, into a floating hotel, most likely in Hong Kong or Singapore.

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