Three months after hackers working for China's army went silent, they appear to have resumed their attacks on U.S. companies using different techniques. The NYT reports.» Read More
WASHINGTON, Dec 21- The powerful National Rifle Association gun lobby called on Friday for the deployment of armed guards in every school in the United States, weighing in on gun violence for the first time since a school shooting a week ago that shocked Americans.
SHANGHAI, Dec 21- China's yuan edged a fraction weaker in a quiet morning session on Friday, as traders said negative news in the U.S. on "fiscal cliff" plans had little effect on the dollar/yuan exchange rate. The People's Bank of China marginally weakened its midpoint to 6.2881 from Thursday's 6.2877.
WASHINGTON, Dec 20- Now that House Speaker John Boehner's "Plan B" for addressing the "fiscal cliff" has crashed and burned, the top U.S. President Barack Obama and his Democrats who control the Senate take the opposite view- tax hikes on the wealthy are a condition for their support of a fiscal cliff bill.
*MSCI Asia ex- Japan turns negative, Nikkei still up on weak yen. *House of Representatives may reopen as soon as Dec. 27. The U.S. House of Representatives will adjourn until after Christmas, Republican Representative Peter Roskam said on Thursday, after House Speaker John Boehner's proposed tax bill designed to avert the fiscal cliff failed to pass.
WASHINGTON, Dec 20- Republican lawmakers delivered a stinging rebuke to their leader, House of Representatives Speaker John Boehner, on Thursday when they failed to back an effort designed to extract concessions from President Barack Obama in year-end "fiscal cliff" talks.
WASHINGTON, Dec 20- Following the collapse of congressional Republicans' "Plan B" tax cut bill, the White House pledged on Thursday to work with Congress to avoid year-end "fiscal cliff" tax hikes and spending cuts and said President Barack Obama is hopeful a deal can be reached quickly.
*Air Force to protect most critical programs. WASHINGTON, Dec 20- Further cuts in U.S. military spending are certain, even if Congress and the White House find a way to avert damaging automatic reductions, a top U.S. Air Force general told Reuters as prospects for such a deal appeared to dim.
WASHINGTON, Dec 20- The Republican-led U.S. House of Representatives, which abruptly recessed on late Thursday after failing to muster enough support for a "fiscal cliff" bill, may return as soon as Dec. 27 with a yet-to-be-decided new plan, said a senior party aide.
*Boehner fails to round up Republican support for his bill. WASHINGTON, Dec 20- House of Representatives Speaker John Boehner faced an embarrassing setback on Thursday when he failed to unite his Republican lawmakers behind an effort designed to extract concessions from President Barack Obama in year-end "fiscal cliff" talks.
SINGAPORE, Dec 21- London copper edged up on Friday, but remained near a three-week low hit in the previous session as a mixed bag of U.S. economic data and uncertainty on whether the world's top economy could avoid an imminent fiscal calamity continued to drag.
WASHINGTON, Dec 20- A dozen U.S. lawmakers pressed President Barack Obama's administration on Thursday to complete a long-running review that could lead to suspension of trade benefits for Bangladesh after a deadly factory blaze there last month.
WASHINGTON, Dec 20- In a jolting setback for the top U.S. Republican, Speaker of the House of Representatives John Boehner conceded on Thursday that there weren't enough votes in his chamber to pass his tax bill designed to help avert "the fiscal cliff."
*More work needed to finalize agreement- Air Force. WASHINGTON, Dec 20- The U.S. Air Force is unlikely to reach an agreement with Lockheed Martin Corp before the end of the year on a multibillion-dollar purchase of new military communications satellites, a top Air Force acquisition official said.
WASHINGTON, Dec 20- A Senate committee sent the nomination of Joshua Wright to join the Federal Trade Commission on to the full Senate on Thursday, despite an acrimonious confirmation hearing in which Wright pledged to recuse himself from any Google investigation for two years because of conflicts of interest.
WASHINGTON, Dec 20- The U.S. House of Representatives on Thursday narrowly passed a bill to cut domestic spending while protecting defense programs from a similar fate next year.
*IntercontinentalExchange buys NYSE Euronext for $8 billion. NEW YORK, Dec 20- Global shares rose on Thursday as lawmakers in Washington continued to slog on in their negotiations over the U.S. "
NEW YORK, Dec 20- U.S. Treasuries prices rose on a safety bid on Thursday as the absence of progress in the budget talks in Washington raised the stakes that a package of tax hikes and spending cuts will take effect next year and tip the economy back into recession.
WASHINGTON, Dec 20- The "fiscal cliff" of impending federal spending cuts and tax increases set for the beginning of the year poses a wide variety of risks to the public sector, but many of the threats hanging over state and local governments are not severe or direct, Moody's Investors Service said on Thursday.
WASHINGTON, Dec 20- The world's spare oil production capacity outside of Iran rose slightly in the last two months, but a seasonal jump in winter heating consumption led to drawdowns from global stocks, the U.S. government said on Thursday in a bimonthly report.
*Settlement to release $4 billion in disputed payments to states. Cigarette makers, including Philip Morris USA and R.J. Reynolds Tobacco Co, on Tuesday announced a settlement with the states in a long-running dispute over the amount of payments they are required to make under the 1998 landmark anti-smoking agreement.