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    Fed may keep open lifeline as housing distress continues (Reuters)

    Federal Reserve Board Chairman Ben Bernanke speaks at the Senate Finance Committee health reform summit in Washington, June 16, 2008. (Jim Young/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues.


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    Tue, 08 Jul 2008 15:55:19 GMT - Yahoo! News: Top Stories
    G8 set for showdown with poorer states over climate (Reuters)

    Group of Eight (G8) leaders leave after taking a group photo at the G8 Hokkaido Toyako Summit in Toyako, Japan, July 8, 2008. From L: U.S. President George W. Bush, European Commission President Jose Manuel Barroso, French President Nicolas Sarkozy and Japan's Prime Minister Yasuo Fukuda. (Issei Kato/Reuters)Reuters - Big emerging economies will come under pressure on Wednesday to respond in kind to an initiative by rich countries to work towards a target of at least halving their global greenhouse gas emissions by 2050.


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    Tue, 08 Jul 2008 15:45:08 GMT - Yahoo! News: Top Stories
    Michael Vick files for bankruptcy protection (AP)
    AP - Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. -- read full article
    Tue, 08 Jul 2008 16:20:11 GMT - Yahoo! News: Top Stories
    McConaughey, girlfriend welcome baby boy (AP)

    In this Dec. 2007 file photo, Actor Matthew McConaughey and girlfriend Camilla Alves attend a private dinner hosted by Domenico Dolce & Stefano Gabbana in New York.  Alves, has given birth in Los Angeles to the couple's first child, a 7-pound, 4-ounce boy. OK! magazine reports that 24-year-old Alves delivered Monday evening. (AP Photo/Evan Agostini, file)AP - Matthew McConaughey's longtime model girlfriend, Camila Alves, has given birth to the couple's first child, a 7-pound, 4-ounce boy.


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    Tue, 08 Jul 2008 18:41:53 GMT - Yahoo! News: Top Stories
    FDA issues warning on Cipro, similar antibiotics (AP)
    AP - Federal drug safety officials have imposed the government's most urgent warning on Cipro and similar antibiotics, citing risks that they can cause tendon ruptures, a serious injury that leaves some patients incapacitated. -- read full article
    Tue, 08 Jul 2008 15:25:16 GMT - Yahoo! News: Top Stories
    Siemens cutting 17K jobs worldwide to cut costs (AP)

    Peter Loescher, CEO of German conglomerate Siemens attends a news conference in Munich, southern Germany, Tuesday July 8, 2008. Siemens AG said Tuesday it would cut 4.2 percent of its global work force, mostly administrative-related positions to streamline its operations in the face of a slowing economy. (AP Photo/Uwe Lein)AP - Industrial conglomerate Siemens AG said Tuesday it will cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and slice nearly $2 billion in costs in the face of a slowing economy.


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    Tue, 08 Jul 2008 15:33:14 GMT - Yahoo! News: Top Stories
    Dry, hot weather threatens California fire gains (AP)

    A firefighter works to control a hot spot during a wildfire in Big Sur, California July 7, 2008. (Robert Galbraith/Reuters)AP - Firefighters on Tuesday faced worsening weather conditions that pushed flames across firebreaks in parts of inland California and chased residents out of one small community.


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    Tue, 08 Jul 2008 17:56:08 GMT - Yahoo! News: Top Stories
    G-8 endorses halving global emissions by 2050 (AP)

    A member of international relief group Oxfam dressed as US President George W. bush displays balloons representing the amount of carbon his country emits per capita during a performance in Sapporo on Japan's northern main island of Hokkaido Tuesday, July 8, 2008. The G8 leaders from the United States, Japan, Russia, France, Britain, Canada, Italy and Germany are holding their three-day summit  to discuss about global warming and food and oil crisis in the lakeside resort of Toyako. (AP Photo/Itsuo Inouye)AP - World leaders on Tuesday endorsed halving world emissions of greenhouse gases by 2050, edging forward in the battle against global warming but stopping short of tough, nearer-term targets.


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    Tue, 08 Jul 2008 14:11:18 GMT - Yahoo! News: Top Stories
    Study group: 1973 war powers legislation should be replaced (AP)

    National War Powers Commission co-chairs, former Secretaries of State James A. Baker, III, left, and Warren Christopher, right, listen to a question during a news  conference on Capitol Hill in Washington, Tuesday, July 8, 2008. The bi-partisan Commission concluded that the War Powers Resolution of 1973 has failed to promote cooperation between the two branches of government and recommended that Congress pass a new statute--the War Powers Consultation Act of 2009.  (AP Photo/Susan Walsh)AP - The next time the president goes to war, Congress should be consulted and vote on whether it agrees, according to a bipartisan study group chaired by former secretaries of state James Baker III and Warren Christopher.


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    Tue, 08 Jul 2008 17:51:13 GMT - Yahoo! News: Top Stories
    Obama denies shifting to reach political center (AP)

    Democratic presidential candidate, Sen. Barack Obama, D-Ill, watches as he is introduced at a town hall-style meeting in Powder Springs, Ga., Tuesday, July 8, 2008. (AP Photo/Jae C. Hong)AP - Asked by a voter about accusations of flip-flopping, Democrat Barack Obama dismissed the notion Tuesday that he has been shifting stances on Iraq, guns and the death penalty to break with his party's liberal wing and court a wider swath of voters.


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    Tue, 08 Jul 2008 17:32:50 GMT - Yahoo! News: Top Stories
    Iraq insists on withdrawal timetable for US troops (AP)

    U.S. Army Sgt. John Orem, right,  and Staff Sgt. Eric Atkinson, left, from 4th Squadron, 2nd Stryker Cavalry Regiment search a home in Sa'ada, about 30 kilometers (20 miles) north of Baghdad in Iraq's volatile Diyala province on Monday, July 7, 2008. Iraqi and U.S. Army troops fanned out in search of weapons and suspected militia members. (AP Photo/Maya Alleruzzo)AP - Iraq's national security adviser said Tuesday his country will not accept any security deal with the United States unless it contains specific dates for the withdrawal of U.S.-led forces.


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    Tue, 08 Jul 2008 17:12:57 GMT - Yahoo! News: Top Stories
    Fed plans new rules to protect future homebuyers (AP)

    Federal Reserve Chairman Ben Bernanke delivers remarks at the FDIC Forum on Mortgage Lending for Low and Moderate Income Households, Tuesday, July 8, 2008, in Arlington, Va. (AP Photo/Luis M. Alvarez)AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.


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    Tue, 08 Jul 2008 17:12:00 GMT - Yahoo! News: Top Stories
    Afghan report implicates 'foreign intelligence' in embassy blast (AFP)

    An Afghan policeman stands guard in front of the damaged entrance to The Indian Embassy in Kabul on July 8. A suicide blast on the Indian embassy in Kabul could not have been carried out without the AFP - A suicide blast on the Indian embassy in Kabul could not have been carried out without the "full support of foreign intelligence," according to an Afghan security report made public Tuesday.


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    Tue, 08 Jul 2008 07:57:34 GMT - Yahoo! News: Top Stories
    G8 leaders agree on halving emissions by 2050 (AFP)

    Modular graphics showing world oil consumption and proven reserves. The Group of Eight major powers agreed Tuesday to at least halve global carbon emissions by 2050, in what leaders hailed as a breakthrough but environmentalists called toothless.(AFP/Graphic)AFP - The Group of Eight major powers agreed Tuesday to at least halve global carbon emissions by 2050, in what leaders hailed as a breakthrough but environmentalists called toothless.


    -- read full article
    Tue, 08 Jul 2008 07:39:49 GMT - Yahoo! News: Top Stories
    Senate clears way for housing rescue vote (Reuters)

    A foreclosed home surrounded by overgrown grass is shown in Stockton, California in this file photo taken on May 13, 2008. (Robert Galbraith/Files/Reuters)Reuters - The U.S. Senate moved closer on Monday to passing election-year legislation meant to save hundreds of thousands of troubled homeowners from foreclosure.


    -- read full article
    Tue, 08 Jul 2008 00:01:01 GMT - Yahoo! News: Top Stories
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