Archive for July, 2013

Snowden breaks silence, threatens new disclosures

July 1, 2013
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By Andrew Osborn and Alexei Anishchuk LONDON/MOSCOW (Reuters) – Former U.S. spy agency contractor Edward Snowden broke his silence on Monday for the first time since fleeing to Moscow to say he remains free to make new disclosures about U.S. spying activity.
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World shares, oil gain on U.S., European manufacturing data

July 1, 2013
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By Herbert Lash NEW YORK (Reuters) – Global equity markets and crude oil rose on Monday as investors snapped up riskier assets at the start of a new quarter after data showed U.S. manufacturing expanded in June, while Japanese and European data indicated stabilizing economies.
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Appeals court won’t reverse three insider trading cases

July 1, 2013
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By Nate Raymond NEW YORK (Reuters) – Three former Wall Street traders who were charged in a broad crackdown on insider trading by the U.S. government lost their bids to reverse their convictions and sentences on Monday.
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Investors set to weigh benefits of News Corp

July 1, 2013
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(Reuters) – News Corp and 21st Century Fox will begin trading as two separate companies on Monday, giving investors the choice of a fast-growing entertainment business and a slower-growing but prominent publishing concern.
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Rupee snaps two sessions of gains, ends at 59.51/52

July 1, 2013
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By Subhadip Sircar MUMBAI (Reuters) – The rupee came off near two-week highs to close lower on Monday, ending a two-day winning streak, as corporate inflows and a strong domestic stock market was outweighed by a late surge in dollar demand from oil importers.
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Egyptian protesters storm Muslim Brotherhood HQ

July 1, 2013
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CAIRO (AP) — Protesters stormed and ransacked the Cairo headquarters of President Mohammed Morsi‘s Muslim Brotherhood group early Monday, in an attack that could spark more violence as demonstrators gear up for a second day of mass rallies aimed at forcing the Islamist leader from power.
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Ariz. wildfire kills 19 firefighters

July 1, 2013
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YARNELL, Ariz. (AP) — An elite crew of firefighters trained to battle the nation’s fiercest wildfires was overtaken by an out-of-control blaze in Arizona, killing 19 members as they tried to protect themselves from the flames under fire-resistant shields.
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Official: 19 firefighters die in Ariz. blaze

July 1, 2013
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YARNELL, Ariz. (AP) — An Arizona fire chief says a wildfire that killed 19 members of his crew was moving fast and fueled by hot, dry conditions.
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Egypt erupts with protests demanding Morsi ouster

July 1, 2013
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CAIRO (AP) — Hundreds of thousands thronged the streets of Cairo and cities around the country Sunday and marched on the presidential palace, filling a broad avenue for blocks, in an attempt to force out the Islamist president with the most massive protests Egypt has seen in 2½ years of turmoil.
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Alabama county files exit plan to end $4.2 billion bankruptcy

July 1, 2013
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By Michael Connor (Reuters) – Alabama‘s Jefferson County on Sunday filed a negotiated restructuring plan to wind up America’s largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors.
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