MLC FLASH NEWS

September 30, 2011

Wall Street ends worst quarter since 2008

Filed under: Gadgets — Reuters: Top News @ 7:35 pm

NEW YORK (Reuters) - Stocks ended their worst quarter since the depths of the 2008 credit crisis, crippled by Europe’s debt debacle, a U.S. credit downgrade and a sputtering global economy.

CIA drone kills U.S.-born al Qaeda cleric in Yemen

Filed under: Gadgets — Reuters: Top News @ 8:35 am

SANAA (Reuters)- Anwar al-Awlaki, a U.S.-born cleric linked to al Qaeda, was killed in a CIA drone strike in Yemen on Friday, U.S. officials said, removing a “global terrorist” high on a U.S. wanted list.

Europe set for worst quarter since 2008

Filed under: Gadgets — Reuters: Top News @ 1:33 am

HONG KONG (Reuters) - European stock index futures fell on Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago.

September 29, 2011

Europe again steps back from brink in debt crisis

Filed under: Gadgets — Reuters: Top News @ 8:30 am

BERLIN (Reuters) - Following a now-familiar script, Europe again averted disaster in its debt crisis when German lawmakers rallied behind Chancellor Angela Merkel to approve a stronger euro zone bailout fund on Thursday.

September 28, 2011

Perry aides told different stories in lawsuit

Filed under: Gadgets — Reuters: Top News @ 8:53 pm

(Reuters) - Contradictions in sworn statements about Rick Perry’s fundraising for his 2006 reelection bid raise questions about whether aides to the Texas governor, who is now running for president, gave false or misleading testimony under oath.

UAW OKs GM deal; Ford talks continue

Filed under: Gadgets — Reuters: Top News @ 11:56 am

DETROIT (Reuters) - Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy.

September 27, 2011

Greece to face inspectors, Merkel hints at bailout

Filed under: Gadgets — Reuters: Top News @ 7:46 pm

ATHENS (Reuters) - Greece’s lenders are sending a team to Athens to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may have to be renegotiated.

Merkel majority in doubt on euro rescue fund

Filed under: Gadgets — Reuters: Top News @ 7:36 am

BERLIN/ATHENS (Reuters) - German Chancellor Angela Merkel may fall short of a majority in her own coalition for a crucial reform of the euro zone rescue fund meant to stop a sovereign debt crisis spreading, in what would be a severe blow to her authority, a test vote showed.

September 26, 2011

Euro zone struggles to stem crisis; Obama urges action

Filed under: Gadgets — Reuters: Top News @ 7:09 pm

NEW YORK/BRUSSELS (Reuters) - Euro-zone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.

New home sales in August fall to six-month low

Filed under: Gadgets — Reuters: Top News @ 10:36 am

WASHINGTON (Reuters) - New single-family home sales in the United States fell in August to a 6-month low in a sign the crippled housing market will not provide much support for the flagging economy anytime soon.

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