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News Feed Latest worldwide news Housing recovery loses a step as pending home sales fall WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of America's housing... Modern Love Just Holding on Through the Curves As I became involved with one young woman, I learned how profoundly the child welfare system could fail its teenagers. Caxton sells stake in Pearson Southern Africa for $68 million JOHANNESBURG (Reuters) - South African publishing firm Caxton said on Friday it will sell its 15 percent stake in Pearson Southern Africa for 703.3 million rand ($68 million) to publisher Longman... UPDATE 1-Most Brazil IPOs have lost money since 2005 -Credit Suisse CAMPOS DO JORDO, Brazil, Aug 30 (Reuters) - Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit Suisse Group fund manager said on Friday, with the worst results coming from oil and gas - a sector that for years was seen as the nation's most promising. Determined Romanian Women Finding Success Five Romanian women, led by Simona Halep, are ranked in the top 75, overcoming a lack of financial backing with their individual drive. Russian tax breaks now, tight oil boom later MOSCOW, Aug 30 (Reuters) - Russia introduces tax breaks on production of hard-to-recover "tight" oil on Sept. 1, but the giveaway alone will not be enough just yet for the world's largest oil-producing nation to replicate the North American shale energy revolution. FIFA Chief Expects to Reschedule 2022 Cup Sepp Blatter said that his executive committee would almost surely approve shifting the tournament out of June and July, when summer heat sears Qatar. Critics Notebook Singing in the Rain in Tribute to Richard Tucker A panel discussion and an outdoor concert were among events celebrating the centennial of the tenor Richard Tucker. UPDATE 1-Oracle to pay $199.5 mln to resolve false claims case * Oracle denied engaging in fraud, but agreed to settle (Adds details of case, Oracle comment) Sketch Guy Some Investing Stories Sound Good Until You Analyze Them Stories about young real estate investors may be persuasive, the author writes, but deciding if similar actions would be good for us is crucial. The Lede Facebook Post Said to Be by Assads Son Dares Americans to Attack The author of a post on a Facebook page that appears to belong to the son of Syrias president, Bashar al-Assad, dared the United States to attack Syria, predicting that victory is ours in the end. Garcia Grabs Deutsche Bank Lead With 64 Sergio Garcia was not planning to play in the Deutsche Bank Championship but with a one-shot lead after Saturday's second round, the Spaniard will certainly be glad he did not take the week off. World's cutest creatures? Get ready for some big-eyed, round-eared, furry-limbed adorableness -- we've named what we think are the world's cutest critters. Why is this guy a top thinker? In the past, author and NYU professor, Clay Shirky's predictions haven't always come true, but it appears he was on the money in 2011. Foreign Policy Magazine named Shirky one of their "Top 100 Global Thinkers," for his musings on social media's impact on revolutions, which we saw come to full fruition in the Arab Spring. World Briefing | Africa Congo Government Retakes Critical Territory Government troops occupied strategic hills overlooking the eastern city of Goma on Friday after rebel fighters withdrew. UPDATE 3-Microsoft offers ValueAct president seat on board SEATTLE, Aug 30 (Reuters) - Microsoft Corp on Friday offered a seat on its board to the president of ValueAct Capital Management, the activist fund manager that pressed for the ouster of Microsoft Chief Executive Steve Ballmer and wanted a say on the software giant's strategy after taking a $2 billion stake earlier this year. Detroit pension trustee loses seat, city job -report DETROIT, Aug 30 (Reuters) - A trustee for one of Detroit's two pension funds lost his city job and position on the retirement board months after he was criticized for attending a conference in... India Ink Delhi Gang Rape Accused Gets Three Years The youngest accused in the Delhi gang rape case was sentenced to three years on Saturday by a juvenile court in New Delhi. Fair Game The Problem With Wiggle Room in Securities The case against two former traders at JPMorgan Chase has larger lessons for investors and regulators. Wheels Blog Ford Recalls 370,000 Sedans Ford said the recalls would be made in the United States and Canada because of a possibility that the cars could lose steering. Finmeccanica up on report Doosan closer to unit stake bid MILAN/SEOUL (Reuters) - Shares in Italian defense group Finmeccanica rose 7 percent on Thursday on a report that South Korea's Doosan Heavy Industries Construction was planning to raise money to... Syria The world's media reacts "The British aren't coming! The British aren't coming!" screams the headline of New York's Daily News, describing Britain as "normally reliable" but now a surprising let-down for U.S. President Barack Obama. Huge California Wildfire Spreads Into Yosemite A giant wildfire raging out of control spread into Yosemite National Park on Friday as authorities urged more evacuations in nearby communities. Movie Listings for Aug. 30-Sept. 5 A critical guide to movies playing in New York, including film series. Gay Marriages Get Recognition From the I.R.S. All same-sex couples who are legally married will be recognized as such for federal tax purposes, even if the state where they live does not recognize their union. What I Love Lee Child and the Macho of Minimalism The author of the Jack Reacher books lives in a Manhattan apartment thats stripped down for action. Bruce C. Murray, Who Helped Earth Learn of Mars, Dies at 81 As director of the Jet Propulsion Laboratory from 1976 to 1982, Dr. Murray faced shrinking budgets as the space agency focused on the emerging shuttle program. Hibbett joins list of retailers flagging weak spending (Reuters) - Sports-goods retailer Hibbett Sports Inc slashed its full-year earnings forecast, joining a growing chorus of retailers blaming weakening consumer spending. First Challenge for Many Players Getting to the U.S. Open Most of the 543 players at the Open stay in Midtown Manhattan, and come to realize that the 10-mile commute from their hotel to Queens is anything but simple, or quick. Beating tennis' big four Tennis legends Jim Courier and John McEnroe show us why Djokovic, Murray, Nadal and Federer are so tough. Environmentalists hit Shell at F1 race Activists protesting against Arctic oil drilling infiltrated a Formula One race in Belgium Sunday, but the off-track incident did not stop Sebastian Vettel's march towards a fourth successive world title. Riders flock to Milwaukee for Harley-Davidson's 110th anniversary MILWAUKEE, Aug 31 (Reuters) - Tens of thousands of motorcycle enthusiasts have roared into Milwaukee to celebrate the 110th anniversary of Harley-Davidson Co, but few traveled as far as Chai Chua. So, what are Obama's options? Pundits argue Obama choices in Syria are bad, worse, horrible. Schools tackle football concussions The NFL has initiated strict sideline concussion rules, but changes are happening on lower levels as well. Johnny Football Back for Aggies Heisman Trophy winner Johnny Manziel is back on the field and back to his brash ways for No. 7 Texas AM after serving a suspension in the first half against Rice for what the school said was an "inadvertent" violation of NCAA rules involving signing autographs. UPDATE 1-Iliad profits soar on French mobile growth * Winning price war as rivals cut costs to compete (Adds detail, background) Meet F1's 'Mr. Consistency' He may hate the attention off the track, but it's hard to avoid the media glare when you've been driving as well as Kimi Raikkonen this season. F.B.I. Sharpens Scrutiny of Syrians in U.S. for Signs of Retaliation In an unusual step, federal officials warned agencies and companies of possible cyberattacks if the military takes action against Syria. Editor's Choice Our best photos from the last 24 hours. Olympics-Istanbul clings to bid hopes as blows rain down * Massive infrastructure investment underpins Istanbul's bid

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