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Obama seeks halt to Guantanamo trials
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Hours after taking office on Tuesday, U.S. President Barack Obama ordered military prosecutors in the Guantanamo war crimes tribunals to ask for a 120-day halt in all pending cases.
Geithner calls for TARP reform: report
(Reuters) - Treasury Secretary-nominee Timothy Geithner requested Congress to pass a robust stimulus plan to revive the economy and pledged to 'reform' the government's $700 billion bailout program, Bloomberg said, citing prepared testimony for a Senate Finance Committee hearing.
Israel completes Gaza troop withdrawal
JERUSALEM (Reuters) - Israeli forces completed a withdrawal from the Gaza Strip on Wednesday, three days after Israel and Hamas declared separate ceasefires, a military spokesman said.
US seeks to suspend Gitmo war crimes trials
AP - The U.S. moved Tuesday to halt the Guantanamo war crimes trials, filing motions to suspend proceedings for 120 days until President Barack Obama's administration completes a review of the system for prosecuting suspected terrorists.
Obama seeks halt to Guantanamo trials
Reuters - Hours after taking office on Tuesday, U.S. President Barack Obama ordered military prosecutors in the Guantanamo war crimes tribunals to ask for a 120-day halt in all pending cases.
Geithner calls for TARP reform: report
Reuters - Treasury Secretary-nominee Timothy Geithner requested Congress to pass a robust stimulus plan to revive the economy and pledged to 'reform' the government's $700 billion bailout program, Bloomberg said, citing prepared testimony for a Senate Finance Committee hearing.
Israel completes Gaza troop withdrawal
Reuters - Israeli forces completed a withdrawal from the Gaza Strip on Wednesday, three days after Israel and Hamas declared separate ceasefires, a military spokesman said.
Obama gets down to work after historic inauguration
AFP - Barack Obama Wednesday started the job of hauling his crisis-weary nation out of its 'winter of hardship' by settling into the Oval Office, a day after his historic inauguration as the United States' first black president.
Israeli army completes Gaza pullout: official
AFP - Israeli troops have completed their withdrawal from the Gaza Strip after a 22-day offensive against the Islamist Hamas movement, an army spokesman told AFP on Wednesday.
After historic day, Obama set to tackle agenda
WASHINGTON (Reuters) - Barack Obama, fresh from the pageantry of his historic inauguration, will turn on Wednesday toward his goals of rescuing the economy, charting a new course for the Iraq and Afghanistan wars and shaping his approach to the Middle East conflict.
Crisis may force approval of Treasury nominee
WASHINGTON (Reuters) - President Barack Obama's nominee for U.S. Treasury secretary, Timothy Geithner, though tarnished by disclosures of his failure to pay taxes, is likely too uniquely qualified for Congress to reject amid hopes to contain the worst economic downturn in decades.
Madoff lieutenant a point man for prosecutors: report
(Reuters) - Frank DiPascali Jr, a key lieutenant of Bernard Madoff, is a potential point man in the investigation of the alleged fraud Madoff ran for decades, the Wall Street Journal said, citing a criminal complaint and people familiar with the matter.
Petraeus on Afghan visit after supply routes deal
KABUL (Reuters) - U.S. General David Petraeus met Afghan President Hamid Karzai overnight, U.S. officials said on Wednesday, after the regional military chief said deals had been made on new transport routes into Afghanistan from Central Asia.
Obama to begin workaday task of governing nation
AP - President Barack Obama is turning from the star-studded, crowd-pleasing pomp of his inauguration to the workaday task of governing a hurting nation of 304 million and meeting the soaring expectations that he and others have put on his shoulders.
Obama administration moves to suspend Gitmo trials
AP - Military judges will consider Wednesday whether to halt the Guantanamo war crimes trials after President Barack Obama ordered prosecutors to request a 120-day suspension during a review of the system used to try suspected terrorists.
Israeli military says Gaza pullout complete
AP - Israel withdrew the last of its troops from the Gaza Strip before dawn Wednesday, the military said, and pursued diplomatic efforts to stanch the flow of arms into the Hamas-ruled territory.
Iraq willing to see US troops leave early
AP - Iraq is willing to have the U.S. withdraw its troops and assume security for the country before the end of 2011, the departure date agreed to by former President George W. Bush, the Iraqi prime minister's spokesman said.
Bibby leads Hawks over Bulls 105-102
AP - Mike Bibby scored nine of his season-high 31 points in the final five minutes, and the Atlanta Hawks beat the Chicago Bulls 105-102 Tuesday to complete a three-game season sweep.
After historic day, Obama set to tackle agenda
Reuters - Barack Obama, fresh from the pageantry of his historic inauguration, will turn on Wednesday toward his goals of rescuing the economy, charting a new course for the Iraq and Afghanistan wars and shaping his approach to the Middle East conflict.
Crisis may force approval of Treasury nominee
Reuters - President Barack Obama's nominee for U.S. Treasury secretary, Timothy Geithner, though tarnished by disclosures of his failure to pay taxes, is likely too uniquely qualified for Congress to reject amid hopes to contain the worst economic downturn in decades.
Madoff lieutenant a point man for prosecutors: report
Reuters - Frank DiPascali Jr, a key lieutenant of Bernard Madoff, is a potential point man in the investigation of the alleged fraud Madoff ran for decades, the Wall Street Journal said, citing a criminal complaint and people familiar with the matter.
Petraeus on Afghan visit after supply routes deal
Reuters - U.S. General David Petraeus met Afghan President Hamid Karzai overnight, U.S. officials said on Wednesday, after the regional military chief said deals had been made on new transport routes into Afghanistan from Central Asia.
Israeli army says Gaza pullout completed
AFP - Israeli troops have completed their withdrawal from the Gaza Strip after a 22-day offensive against the Islamist Hamas movement, an army spokesman told AFP on Wednesday.
Crisis may force Geithner's approval
WASHINGTON (Reuters) - President Barack Obama's nominee for U.S. Treasury secretary, Timothy Geithner, though tarnished by disclosures of his failure to pay taxes, is likely too uniquely qualified for Congress to reject amid hopes to contain the worst economic downturn in decades.
GM expects delayed funds to avoid cash crisis
DETROIT (Reuters) - General Motors Corp Chief Operating Officer Fritz Henderson said the automaker expected to receive a delayed U.S. government loan payment in the next several days that it needs to avoid running out of cash.
Obama's Treasury nominee facing Senate questions
AP - With the country facing a worsening economic crisis, President Barack Obama is hoping to win quick approval of his choice of Timothy Geithner to be Treasury secretary, but first Geithner has to explain how he missed paying $34,000 in payroll taxes earlier in the decade.
Enthusiastic crowds welcome Bush back to Texas
AP - After an enthusiastic welcome from thousands of cheering Texans in two cities, George W. Bush spent his first night out of office at his Crawford ranch.
Left engine of US Airways jet still missing in NYC
AP - Divers hope to resume their search of the frigid, murky Hudson River on Wednesday for the most coveted piece of debris from the plane that safely splashed down in the river last week: The missing left engine.
Police departments look for more fuel-cutting cars
AP - Police Chief Richard Watson admits his department's newest patrol car is a curious departure from its big-horsepower Ford Crown Victorias. But the four-cylinder Pontiac Vibe GT has plenty of pep for policing, he said, and gets twice the gas mileage.
Crisis may force Geithner's approval
Reuters - President Barack Obama's nominee for U.S. Treasury secretary, Timothy Geithner, though tarnished by disclosures of his failure to pay taxes, is likely too uniquely qualified for Congress to reject amid hopes to contain the worst economic downturn in decades.
GM expects delayed funds to avoid cash crisis
Reuters - General Motors Corp Chief Operating Officer Fritz Henderson said the automaker expected to receive a delayed U.S. government loan payment in the next several days that it needs to avoid running out of cash.
Obama gets to work after historic inauguration
AFP - Barack Obama Wednesday started the job of hauling his crisis-weary nation out of its 'winter of hardship' by settling into the Oval Office, a day after his historic inauguration as the first black US president.
Last Israeli soldier pulls out of Gaza
AFP - The last Israeli soldier withdrew from the Gaza Strip on Wednesday, the fourth day of a ceasefire that ended a 22-day blitz on the Islamist Hamas movement in which 1,300 Palestinians were killed.
Some troops unhappy about Obama pledge on gays
BAGHDAD (Reuters) - Many U.S. troops in Iraq were overjoyed to see President Barack Obama take his oath, but some were unhappy about one thing the Democrat has promised to do: permit gay and lesbian soldiers to serve openly.
Israeli completes Gaza troop pullout
AP - The last Israeli troops left the Gaza Strip before dawn Wednesday, the military said, as Israel dispatched its foreign minister to Europe in a bid to rally international support to end arms smuggling into the Hamas-ruled territory.
Obama caps historic day 10 inaugural balls
AP - President Barack Obama and his wife Michelle capped their historic day with a speedy tour through 10 inaugural balls before retiring, at last, for their first night in the White House.
Federer, Safin to meet in 3rd round at Aussie Open
AP - Roger Federer and Marat Safin rolled to easy victories Wednesday against first-time opponents to reach the Australian Open's third round, where the familiarity factor will be much higher: They'll be playing each other.
Some troops unhappy about Obama pledge on gays
Reuters - Many U.S. troops in Iraq were overjoyed to see President Barack Obama take his oath, but some were unhappy about one thing the Democrat has promised to do: permit gay and lesbian soldiers to serve openly.
Obama tackles Guantanamo, economy after historic inauguration
AFP - Barack Obama Wednesday began the job of hauling his crisis-weary nation out of its 'winter of hardship' by taking action to halt Guantanamo trials and convening top economic and foreign policy aides.
Guantanamo trial of Canadian halted
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Hours after taking office, U.S. President Barack Obama ordered military prosecutors in the Guantanamo war crimes tribunals to ask for a 120-day halt in all pending cases and a judge granted the request on Wednesday in the case against a young Canadian.
Sudan man denies murdering U.S. diplomat
KHARTOUM (Reuters) A Sudanese man on Wednesday denied murdering a U.S. diplomat and his driver in Khartoum, but he told a court he thought killing 'American unbelievers' was honorable.
Judge OKs 1st suspension in Gitmo cases
AP - A judge on Wednesday quickly granted President Barack Obama's request to suspend the war crimes trial of a young Canadian in what may be the beginning of the end for the Bush administration's system of trying alleged terrorists.
Celebration over, Obama plunges into workday one
AP - On his first full day in office, President Barack Obama summoned economic advisers and top military officials to the White House on Wednesday in quick steps toward delivering the change he promised as a candidate.
Last Israeli troops leave Gaza, competing pullout
AP - The last Israeli troops left the Gaza Strip before dawn Wednesday, the military said, as Israel dispatched its foreign minister to Europe in a bid to rally international support to end arms smuggling into the Hamas-ruled territory.
Toyota outsells GM globally
AP - General Motors sold fewer cars globally than Toyota last year, as the Japanese automaker passed the Detroit company for the first time.
Taliban demands end to music on Pakistan buses
AP - Bus drivers in northwest Pakistan have begun removing audio and video equipment from their vehicles after Taliban militants threatened suicide attacks against those who played music or movies for their passengers, an industry official said Tuesday.
Myers' `Love Guru' proves endearing at Razzies
AP - Voters for 2008's worst movies love Mike Myers. They really love him. Myers' comedy flop 'The Love Guru' led the field Wednesday for the Razzies with seven nominations, among them worst picture and worst-acting slots for Myers, Jessica Alba, Verne Troyer and Academy Award winner Ben Kingsley.
Guantanamo trial of Canadian halted
Reuters - Hours after taking office, U.S. President Barack Obama ordered military prosecutors in the Guantanamo war crimes tribunals to ask for a 120-day halt in all pending cases and a judge granted the request on Wednesday in the case against a young Canadian.
Sudan man denies murdering U.S. diplomat
Reuters - KHARTOUM (Reuters) A Sudanese man on Wednesday denied murdering a U.S. diplomat and his driver in Khartoum, but he told a court he thought killing 'American unbelievers' was honorable.
After making history, Obama tackles full agenda
WASHINGTON (Reuters) - U.S. President Barack Obama, acting swiftly on his first full day in office, summoned his economic team and war council on Wednesday to press ahead on plans for rescuing the economy and withdrawing from Iraq.
GM loses global sales crown after 77 years
DETROIT (Reuters) - General Motors Corp on Wednesday said its global vehicle sales for 2008 had dropped 11 percent, allowing rival Toyota Motor Corp to surpass it as the world's largest automaker for the first time.
Geithner urges action on economy and bailout program
WASHINGTON (Reuters) - President Barack Obama's nominee for Treasury secretary, Timothy Geithner, told Congress on Wednesday forceful action was needed to combat the U.S. recession and he vowed to overhaul the government's $700 billion financial rescue program.
Switzerland to consider hosting Guantanamo inmates
ZURICH (Reuters) - Switzerland is ready to consider taking in detainees from the U.S. prison for terrorism suspects at Guantanamo Bay in Cuba if that helps to shut it down, the Swiss government said on Wednesday.
Sudanese men deny murdering U.S. diplomat
KHARTROUM (Reuters) - Two Sudanese men on Wednesday denied murdering a U.S. diplomat and his driver in Khartoum, but told a court they thought killing 'American unbelievers' was honorable.
Obama's Day One: Church, then econ, war advisers
AP - President Barack Obama stepped into the Oval Office for the first time as chief executive on Wednesday and summoned economic advisers and top military officials to separate meetings aimed at delivering the change he promised as a candidate.
Geithner apologizes for not paying taxes
AP - Treasury Secretary-designate Tim Geithner said Wednesday he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade and apologized to Congress.
Kennedy released from hospital after seizure
AP - Sen. Edward M. Kennedy has been released from the hospital after suffering a seizure during an inaugural luncheon.
Judge grants Obama request to suspend Gitmo trial
AP - The judge in the Sept. 11 war crimes case at Guantanamo has agreed to President Barack Obama's request to suspend the case pending a 120-day review.
Last Israeli troops leave Gaza, completing pullout
AP - The last Israeli troops left the Gaza Strip before dawn Wednesday, the military said, as Israel dispatched its foreign minister to Europe in a bid to rally international support to end arms smuggling into the Hamas-ruled territory.
GM falls behind Toyota in annual global sales
AP - Japan's Toyota Motor Corp. sold more cars and trucks last year than General Motors Corp., stripping the Detroit automaker of the No. 1 global sales crown for the first time in 78 years.
Jets introduce Rex Ryan as new coach
AP - Two days after declaring they found the right man for the job, the New York Jets introduced Rex Ryan as their coach.
After making history, Obama tackles full agenda
Reuters - U.S. President Barack Obama, acting swiftly on his first full day in office, summoned his economic team and war council on Wednesday to press ahead on plans for rescuing the economy and withdrawing from Iraq.
GM loses global sales crown after 77 years
Reuters - General Motors Corp on Wednesday said its global vehicle sales for 2008 had dropped 11 percent, allowing rival Toyota Motor Corp to surpass it as the world's largest automaker for the first time.
Geithner urges action on economy and bailout program
Reuters - President Barack Obama's nominee for Treasury secretary, Timothy Geithner, told Congress on Wednesday forceful action was needed to combat the U.S. recession and he vowed to overhaul the government's $700 billion financial rescue program.
Guantanamo judge halts September 11 prosecution
Reuters - A U.S. military judge on Wednesday halted the trial of five prisoners accused of plotting the September 11 attacks, giving President Barack Obama the time he sought to decide whether to scrap the Guantanamo war crimes tribunals.
Sudanese men deny murdering U.S. diplomat
Reuters - Two Sudanese men on Wednesday denied murdering a U.S. diplomat and his driver in Khartoum, but told a court they thought killing 'American unbelievers' was honorable.
Obama tackles full agenda on first full day in office
WASHINGTON (Reuters) - U.S. President Barack Obama, acting swiftly on his first full day in office, plunged into Middle East peace diplomacy and summoned his economic and national security teams on Wednesday to confront the financial crisis and the unpopular Iraq war.
Geithner urges bailout reforms, apologizes on taxes
WASHINGTON (Reuters) - Treasury Secretary-nominee Timothy Geithner on Wednesday said the government's response to the financial crisis would be made in the coming weeks and he apologized for 'careless mistakes' in underpaying taxes.
Clinton nears confirmation as top U.S. diplomat
WASHINGTON (Reuters) - Hillary Clinton headed toward confirmation as U.S. secretary of state on Wednesday despite renewed Republican concerns about potential conflicts of interest raised by her husband's foreign fundraising.
Guantanamo trial halted for 9-11 accused
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - A U.S. military judge on Wednesday halted the trial of five prisoners accused of plotting the September 11 attacks, giving President Barack Obama the time he sought to decide whether to scrap the Guantanamo war crimes tribunals.
Obama tells Olmert, Abbas he will pursue peace
JERUSALEM (Reuters) - U.S. President Barack Obama pledged on Wednesday to pursue Middle East peace, telephoning Israeli and Palestinian leaders after Israel completed a troop withdrawal from the Hamas-ruled Gaza Strip.
Dow Jones executives get white powder mail
NEW YORK (Reuters) - Three executives at News Corp's Dow Jones & Co headquarters received envelopes containing white powder and another 10 were discovered in the mail room, a company spokesman said on Wednesday.
Sen. Kennedy released from hospital after seizure
WASHINGTON (Reuters) - Ailing Sen. Edward Kennedy, 76, was released from a hospital on Wednesday, a day after suffering a seizure at an inaugural lunch for President Barack Obama, a Kennedy spokeswoman said.
Florida fund manager expressed guilt over losses
MIAMI (Reuters) - In a suicide note left for his family, missing Florida fund manager Arthur Nadel expressed guilt for losing clients' money and felt someone might try to kill him, according to police documents released on Wednesday.
Obama freezes salaries of some White House aides
AP - President Barack Obama announced on his first day in office Wednesday that he is freezing the pay of the about a hundred White House employees who make over $100,000 a year.
Obama calls Middle East leaders
AP - President Barack Obama called four Middle East leaders on Wednesday, weighing in for the first time about the Gaza crisis by pledging to support a fragile cease-fire.
Obama draft order calls for closing Guantanamo Bay
AP - The new Obama administration circulated a draft executive order Wednesday that calls for closing the controversial detention center at Guantanamo Bay within a year and halting any war crimes trials in the meantime.
Sen. Kennedy released from hospital after seizure
AP - Sen. Edward M. Kennedy was released from the hospital on Wednesday morning after suffering a seizure during an inaugural luncheon.
Taiwan hospital a hit with Hello Kitty fans
AP - Japan's iconic Hello Kitty has been recruited to help calm anxious mothers at a maternity hospital in Taiwan where the cartoon image adorns everything from walls to newborns' blankets .
Dodgers' Jeff Kent to announce retirement at 40
AP - Jeff Kent plans to announce his retirement from baseball on Thursday at Dodger Stadium.
Obama tackles full agenda on first full day in office
Reuters - U.S. President Barack Obama, acting swiftly on his first full day in office, plunged into Middle East peace diplomacy and summoned his economic and national security teams on Wednesday to confront the financial crisis and the unpopular Iraq war.
Geithner urges bailout reforms, apologizes on taxes
Reuters - Treasury Secretary-nominee Timothy Geithner on Wednesday said the government's response to the financial crisis would be made in the coming weeks and he apologized for 'careless mistakes' in underpaying taxes.
Clinton nears confirmation as top U.S. diplomat
Reuters - Hillary Clinton headed toward confirmation as U.S. secretary of state on Wednesday despite renewed Republican concerns about potential conflicts of interest raised by her husband's foreign fundraising.
Guantanamo trial halted for 9-11 accused
Reuters - A U.S. military judge on Wednesday halted the trial of five prisoners accused of plotting the September 11 attacks, giving President Barack Obama the time he sought to decide whether to scrap the Guantanamo war crimes tribunals.
Obama tells Olmert, Abbas he will pursue peace
Reuters - U.S. President Barack Obama pledged on Wednesday to pursue Middle East peace, telephoning Israeli and Palestinian leaders after Israel completed a troop withdrawal from the Hamas-ruled Gaza Strip.
Dow Jones executives get white powder mail
Reuters - Three executives at News Corp's Dow Jones & Co headquarters received envelopes containing white powder and another 10 were discovered in the mail room, a company spokesman said on Wednesday.
Obama takes on daunting crises on Day One
AFP - President Barack Obama Wednesday plunged into the multiple economic and national security crises afflicting the United States, as grim realities intruded on historic inauguration euphoria in his first full day in the Oval Office.
Congolese army blocks UN peacekeepers from combat zone
AFP - Congolese troops shut out UN peacekeepers, aid workers and media Wednesday from witnessing a joint operation with Rwandan troops to hunt down a Rwandan Hutu militia.
Obama plunges into full agenda
WASHINGTON (Reuters) - U.S. President Barack Obama on Wednesday plunged into Middle East peace diplomacy on his first full day in office and looked poised to order the closing of the internationally condemned military detention camp at Guantanamo within a year.
Vote delayed on attorney general-nominee
WASHINGTON (Reuters) - Republican lawmakers on Wednesday forced the Senate Judiciary Committee to postpone for one week a vote on U.S. attorney general-nominee Eric Holder.
SEC charges missing Florida fund manager
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Wednesday charged missing fund manager Arthur Nadel with defrauding investors at six Florida-based hedge funds.
Obama's Day One: Recession, war, ethics and more
AP - In a first-day flurry of activity, President Barack Obama set up shop in the Oval Office, summoned advisers to begin dealing with war and recession and ordered new ethics rules for 'a clean break from business as usual.' He also froze salaries for top White House staff members, placed phone calls to Mideast leaders and had aides circulate a draft executive order that would close the detention center at Guantanamo Bay within a year.
Gitmo war crimes court halted at Obama request
AP - The Guantanamo Bay war crimes court came to an abrupt halt Wednesday as military judges granted President Barack Obama's request to suspend proceedings while he reviews his predecessor's strategy for prosecuting terrorists.
Geithner apologizes for not paying $34K in taxes
AP - Treasury Secretary-designate Timothy Geithner said Wednesday he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade but declared 'I have paid what I owed.' He apologized to Congress.
Argentina's president meets Fidel Castro in Cuba
AP - Argentine President Cristina Fernandez met with Cuba's ailing former leader Fidel Castro on Wednesday, easing rumors that his health had badly deteriorated. Castro looked well and spoke about new U.S. President Barack Obama, Fernandez told reporters before leaving the Cuban capital, Havana.
Divers find engine of plane that landed in Hudson
AP - Officials in New York City say divers have found the jet engine that broke off a US Airways plane that crash-landed in the Hudson River. New York City and State Police said the divers confirmed Wednesday afternoon that an object detected by sonar near the Intrepid Sea, Air and Space Museum is the missing engine.
Akon claims he doesn't know his true age
AP - Even though Akon has a birth certificate, he says his age is still a mystery — and he'd rather keep it that way. 'All it's going to do is depress me,' he told The Associated Press in a recent interview. 'I don't want to know I'm getting older. Then I'll start to think about getting checkups and insurance. I don't want that.'
Ex-NL MVP Jeff Kent to announce retirement at 40
AP - Jeff Kent plans to announce his retirement from baseball on Thursday at Dodger Stadium. Kent spent 17 years in the major leagues and leaves as the career home-run leader among second basemen with 351, 74 more than Ryne Sandberg.
Obama plunges into full agenda
Reuters - U.S. President Barack Obama on Wednesday plunged into Middle East peace diplomacy on his first full day in office and looked poised to order the closing of the internationally condemned military detention camp at Guantanamo within a year.
Bank of America CEO buys 200,000 shares, stock soars
Reuters - Bank of America Corp Chief Executive Kenneth Lewis spent about $1.2 million to buy 200,000 common shares on Tuesday, four days after the largest U.S. bank posted its first quarterly loss in 17 years.
Obama plunges into Mideast with calls to regional leaders
AFP - US President Barack Obama plunged straight into the Middle East conflict on his first day in office on Wednesday, calling regional leaders including the Palestinian president, just hours after the last Israeli soldier left Gaza.
Obama plunges into agenda at home and abroad
WASHINGTON (Reuters) - U.S. President Barack Obama on Wednesday plunged into Israeli-Palestinian peace diplomacy on his first full day in office and looked poised to order the closing of the internationally condemned military detention camp at Guantanamo.
Geithner says financial plan due in weeks
WASHINGTON (Reuters) - U.S. President Barack Obama will lay out a comprehensive plan in the next few weeks to attack the worst financial crisis since the Great Depression, Timothy Geithner, his nominee to head the U.S. Treasury, said on Wednesday.
Clinton approved by Senate as top U.S. diplomat
WASHINGTON (Reuters) - Hillary Clinton won U.S. Senate approval as secretary of state on Wednesday despite renewed Republican concerns about potential conflicts of interest created by her husband's foreign fundraising.
Bank of America CEO buys 200,000 shares, stock soars
NEW YORK (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis spent about $1.2 million to buy 200,000 common shares on Tuesday, four days after the largest U.S. bank posted its first quarterly loss in 17 years.
Obama tackles recession, war and ethics on day one
AP - In a first-day whirlwind, President Barack Obama showcased efforts to revive the economy on Wednesday, summoned top military officials to chart a new course in Iraq and eased into the daunting thicket of Middle East diplomacy. 'What an opportunity we have to change this country,' said the 47-year-old chief executive, who also issued new ethics rules for his administration and hosted a reception at the presidential mansion for 200 inauguration volunteers and guests selected by an Internet lottery.
Senate confirms Clinton as secretary of state
AP - The Senate confirmed Hillary Rodham Clinton as secretary of state Wednesday as President Barack Obama moved to make his imprint on U.S. foreign policy, mobilizing a fresh team of veteran advisers and reaching out to world leaders.
Israel's last troops leave the Gaza Strip
AP - Israel's last troops left the Gaza Strip on Wednesday, although the cease-fire was frayed when its navy opened fire toward beaches in northern Gaza, and smugglers' tunnels that were targeted in the 23-day campaign against Hamas were active again at the Egyptian border.
Argentine prez: Fidel Castro 'believes in Obama'
AP - Fidel Castro watched the U.S. inauguration on television and said Wednesday that Barack Obama seems 'like a man who is absolutely sincere,' Argentina's president said after meeting with the ailing Cuban icon. 'Fidel believes in Obama,' Cristina Fernandez said.
Palin to media: Leave my kids alone
AP - Alaska Gov. Sarah Palin is going on the offensive against news organizations and bloggers she says are perpetuating malicious gossip about her and her children. But political observers say the former Republican vice presidential candidate can't have it both ways: trotting out the children to showcase her family values, then trying to shield them from scrutiny.
Study: Cleaner air adds 5 months to US life span
AP - Cleaner air over the past two decades has added nearly five months to average life expectancy in the United States, according to a federally funded study. Researchers said it is the first study to show that reducing air pollution translates into longer lives.
Man crashes into truck, business, fence and a tree
AP - Authorities said an Oldsmar man crashed into a parked pick-up truck, a business, a fence and a tree before he finally landed in the Pinellas County Jail. According to a news release, a 42-year-old man left a liquor store Tuesday night, climbed into his car and backed into the truck. He then rammed the truck through the front window of the business he had just left.
Obama plunges into agenda at home and abroad
Reuters - U.S. President Barack Obama on Wednesday plunged into Israeli-Palestinian peace diplomacy on his first full day in office and looked poised to order the closing of the internationally condemned military detention camp at Guantanamo.
Geithner says financial plan due in weeks
Reuters - U.S. President Barack Obama will lay out a comprehensive plan in the next few weeks to attack the worst financial crisis since the Great Depression, Timothy Geithner, his nominee to head the U.S. Treasury, said on Wednesday.
Clinton approved by Senate as top U.S. diplomat
Reuters - Hillary Clinton won U.S. Senate approval as secretary of state on Wednesday despite renewed Republican concerns about potential conflicts of interest created by her husband's foreign fundraising.
Fast start for Obama at home and abroad
AFP - President Barack Obama Wednesday dived into the treacherous diplomacy of the Middle East, promised a new era of ethical politics and froze the salaries of top staff in a frenetic first day in office.
Caroline Kennedy ends Senate bid: reports
NEW YORK (Reuters) - Caroline Kennedy told New York Gov. David Paterson on Wednesday that she is withdrawing from consideration to replace Hillary Clinton in the U.S. Senate, New York media reported on Wednesday, citing unnamed sources.
Bank of America and JPMorgan CEOs buy shares
NEW YORK (Reuters) - The chief executives of Bank of America Corp and JPMorgan Chase & Co bought some of their companies' stock in the last week, a sign of confidence as the banking sector struggles with soaring credit losses and a deep recession.
White powder sent to Dow Jones, WSJ harmless: NYPD
NEW YORK (Reuters) - White powder in about a dozen envelopes sent to Wall Street Journal and Dow Jones executives turned out to be harmless, the New York Police Department said on Wednesday.
Obama to sign order shutting Gitmo in a year
AP - President Barack Obama plans to sign an executive order Thursday to close the Guantanamo Bay detention center within a year and halt military trials of terror suspects held there, a senior administration official said. The executive order was one of three expected imminently on how to interrogate and prosecute al-Qaida, Taliban or other foreign fighters believed to threaten the United States.
Obama's whirlwind first day: economy, war and more
AP - In a first-day whirlwind, President Barack Obama showcased efforts to revive the economy on Wednesday, summoned top military officials to the White House to chart a new course in Iraq and eased into the daunting thicket of Middle East diplomacy. 'What an opportunity we have to change this country,' said the 47-year-old chief executive, who also issued new ethics rules for his administration and hosted a reception at the presidential mansion for 200 inauguration volunteers and guests selected by an Internet lottery.
Israeli troops complete pullout from Gaza Strip
AP - Israel's last troops left the Gaza Strip on Wednesday, although the cease-fire was frayed when its navy opened fire toward beaches in northern Gaza, and smugglers' tunnels that were targeted in the 23-day campaign against Hamas were active again at the Egyptian border.
Possible bird remains found in downed jet's engine
AP - Investigators said Wednesday they have found the remains of what may be a bird in the engine of the US Airways jet that made a dramatic landing in New York's Hudson River. The National Transportation Safety Board said an examination of the Airbus 320's right engine revealed evidence of 'soft body damage' and that 'organic material' was found in the engine and on the wings and fuselage.
Scientist: New fault could mean major Ark. temblor
AP - A previously unknown fault in eastern Arkansas could trigger a magnitude 7 earthquake with an epicenter near a major natural gas pipeline, a scientist said Wednesday.
Caroline Kennedy ends Senate bid: reports
Reuters - Caroline Kennedy told New York Gov. David Paterson on Wednesday that she is withdrawing from consideration to replace Hillary Clinton in the U.S. Senate, New York media reported on Wednesday, citing unnamed sources.
Bank of America and JPMorgan CEOs buy shares
Reuters - The chief executives of Bank of America Corp and JPMorgan Chase & Co bought some of their companies' stock in the last week, a sign of confidence as the banking sector struggles with soaring credit losses and a deep recession.
White powder sent to Dow Jones, WSJ harmless: NYPD
Reuters - White powder in about a dozen envelopes sent to Wall Street Journal and Dow Jones executives turned out to be harmless, the New York Police Department said on Wednesday.
House committee advances economic stimulus bill
WASHINGTON (Reuters) - An $825 billion economic stimulus package sought by Democrats cleared a key hurdle on Wednesday as a House of Representatives panel approved major portions of the spending initiatives in the plan that President Barack Obama wants enacted by mid-February.
Obama to limit CIA, order Guantanamo closed
WASHINGTON (Reuters) - President Barack Obama is ready to issue orders on Thursday to close Guantanamo prison and overhaul the treatment of terrorism suspects, in a swift move to restore a U.S. image hurt by charges of torture.
Caroline Kennedy reportedly withdraws Senate bid
AP - Published reports say Caroline Kennedy is withdrawing from her effort to join the U.S. Senate in the seat once held by her uncle, slain Sen. Bobby Kennedy. The New York Times and New York Post reported Wednesday that Kennedy has ended her monthlong bid to succeed Hillary Rodham Clinton, who was confirmed as secretary of state.
Sources: Obama on Thurs to order Guantanamo closed
AP - President Barack Obama will begin overhauling U.S. national security policy Thursday with orders to close the Guantanamo Bay detention center, review military trials of terror suspects and end harsh interrogations, two government officials said.
Obama takes presidential oath again after stumble
AP - After the flub heard around the world, President Barack Obama has taken the oath of office. Again. Chief Justice John Roberts delivered the oath to Obama on Wednesday night at the White House — a rare do-over. The surprise moment came in response to Tuesday's much-noticed stumble, when Roberts got the words of the oath a little off, which prompted Obama to do so, too.
House committee advances economic stimulus bill
Reuters - An $825 billion economic stimulus package sought by Democrats cleared a key hurdle on Wednesday as a House of Representatives panel approved major portions of the spending initiatives in the plan that President Barack Obama wants enacted by mid-February.
Obama to limit CIA, order Guantanamo closed
Reuters - President Barack Obama is ready to issue orders on Thursday to close Guantanamo prison and overhaul the treatment of terrorism suspects, in a swift move to restore a U.S. image hurt by charges of torture.
Clinton confirmed as new US chief diplomat
AFP - Hillary Clinton on Wednesday became US President Barack Obama's top diplomat after pledging to fight climate change, push hard for Arab-Israeli peace and take a new approach to US foes like Iran.
Japan exports plunge by record; China growth slows
TOKYO/BEIJING (Reuters) - Japanese exports plunged a record amount in December and China's economy slowed sharply in the fourth quarter as recessions in rich nations hammered the demand that Asia's top two economies rely on for growth.
Sources: Obama to order Guantanamo closed
AP - President Barack Obama will begin overhauling U.S. national security policy Thursday with orders to close the Guantanamo Bay detention center, review military trials of terror suspects and end harsh interrogations, two government officials said.
Person close to Kennedy decision: She's in race
AP - After wavering briefly, Caroline Kennedy renewed her determination Wednesday to win appointment to the U.S. Senate seat once held by her slain uncle, Bobby Kennedy, a person close to the decision said.
Va. Tech student fatally stabbed; suspect caught
AP - A female student was stabbed to death Wednesday night on Virginia Tech's campus, the first killing at the school since a deadly mass shooting there in 2007.
Argentine prez: Fidel Castro `believes in Obama'
AP - Fidel Castro watched the U.S. inauguration on television and said Wednesday that Barack Obama seems 'like a man who is absolutely sincere,' Argentina's president said after meeting with the ailing Cuban icon.
Serena, Dementieva advance at Australian Open
AP - Serena Williams ignored pain and frustration to reach the third round of the Australian Open with a straight sets win over Gisela Dulko on Thursday. It was far from routine.
Japan exports plunge by record; China growth slows
Reuters - Japanese exports plunged a record amount in December and China's economy slowed sharply in the fourth quarter as recessions in rich nations hammered the demand that Asia's top two economies rely on for growth.
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