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Reuters Top News: 19 February 2009

  • Obama housing plan will have impact in March: Bair
    WASHINGTON (Reuters) - The Obama administration’s $275 billion program to stem a wave of U.S. home foreclosures will start having an impact as soon as March, Federal Deposit Insurance Corporation chairman Sheila Bair said on Thursday.

  • Netanyahu wins backing in Israeli PM contest
    JERUSALEM (Reuters) - Benjamin Netanyahu’s chances of becoming Israel’s prime minister again were boosted on Thursday by the conditional backing of an ultra-nationalist politician who emerged as a kingmaker in a close election.

  • U.S. judge rules Spitzer documents be unsealed
    NEW YORK (Reuters) - A U.S. federal judge ordered the unsealing of documents in an investigation that linked former New York Governor Eliot Spitzer to a prostitution ring, potentially shedding more light on a scandal that forced Spitzer to resign.

  • Sebelius considered for U.S. health secretary
    WASHINGTON (Reuters) - Kansas Governor Kathleen Sebelius is a leading contender for U.S. health secretary, a post that will spearhead the effort to overhaul the healthcare system, a U.S. official said on Thursday.

  • Clinton to focus on North Korea in Seoul talks
    SEOUL (Reuters) - U.S. Secretary of State Hillary Clinton and South Korean officials on Friday plan to discuss how to rein in North Korea’s nuclear weapons program amid talk of a possible power struggle in Pyongyang.

  • California lawmakers break impasse, pass budget
    SAN FRANCISCO (Reuters) - California lawmakers approved a state budget package on Thursday to close a $42 billion deficit, ending a lengthy standoff with a slate of bills that aim to raise taxes, slash spending and increase borrowing.

  • U.S. seeks more UBS account records in tax battle
    WASHINGTON (Reuters) - The U.S. government sued UBS AG on Thursday, seeking disclosure to the Internal Revenue Service of thousands of the Swiss bank’s U.S. customers with secret accounts, the Justice Department said.

  • Obama reassures Canada on open trade
    OTTAWA (Reuters) - U.S. President Barack Obama on Thursday assured Canada, his country’s biggest trading partner, he would not pursue protectionist policies and the two neighbors agreed to cooperate on cleaner energy technology.

  • Nearly 5 million Americans drawing jobless benefits
    WASHINGTON (Reuters) - The number of U.S. workers drawing unemployment aid jumped to a record high of nearly 5 million, the government said on Thursday, as a worsening economy made it increasingly hard to find jobs.

  • FBI finds Allen Stanford in Virginia
    WASHINGTON/ST.JOHN’S (Reuters) - U.S. law enforcement officials found Texas billionaire Allen Stanford in the Fredericksburg, Virginia, area on Thursday, and served him with a complaint accusing him of an $8 billion fraud.

Reuters Science And Technology News: 19 February 2009

  • Formal “brain exercise” won’t help healthy seniors: research
    NEW YORK (Reuters Health) - Healthy older people shouldn’t bother spending money on computer games and websites promising to ward off mental decline, the author of a review of scientific evidence for the benefits of these “brain exercise” programs says.

  • Facebook reverses course on privacy policy
    SAN FRANCISCO (Reuters) - Facebook’s efforts to build a business model around its online social network have hit another roadblock, as a backlash by its users forced the company to reverse a new policy.

  • Class action status denied in Microsoft Vista case
    (Reuters) - A U.S. federal court denied class action status to a lawsuit accusing Microsoft Corp of misleading buyers about which computers could run expanded features that were part of the Windows Vista operating system.

  • Few report hitches as digital TV switch begins
    LOS ANGELES (Hollywood Reporter) - The digital transition has begun in earnest, and early reports suggest a relatively modest level of disruption for television viewers.

  • Hollywood struggles to find wealth on the Web
    LOS ANGELES (Reuters) - After more than a decade of hype about the Internet being the next great stage for mass entertainment, it remains dominated by amateurs with most Hollywood stars watching from the wings.

  • Whereabouts of detained Egypt blogger unknown: Amnesty
    CAIRO (Reuters) - Egyptian authorities have not disclosed the whereabouts of an Egyptian blogger and activist who campaigns against Egypt’s Gaza policy and was reported to be detained earlier this month, Amnesty International said.

  • Mobile advertising edges closer to breakthrough
    BARCELONA (Reuters) - After years of hype and hot air, advertising on mobile phones finally appears to be making some headway, boosted by the popularity of smartphones such as Apple’s iPhone and the content found on them.

  • iPhone features everywhere in rivals’ new phones
    BARCELONA (Reuters) - Copying a few pages from the playbook of Apple Inc’s iPhone strategy, which brings many of the powers of the Internet to mobile phones, is no way to beat the computer interloper at its game.

  • Look beyond jobs for U.S. broadband payoff: experts
    WASHINGTON (Reuters) - The $7.2 billion slice of the $787 billion economic stimulus package set aside to spur investment in high-speed Internet may not live up to its full promise of job creation.

  • Scientists make advances on “nano” electronics
    CHICAGO (Reuters) - Two U.S. teams have developed new materials that may pave the way for ever smaller, faster and more powerful electronics as current semiconductor technology begins to reach the limits of miniaturization.

Reuters Top News: 18 February 2009

  • Sen. Burris pleads for a chance amid calls to resign
    CHICAGO (Reuters) - Fending off calls for his resignation, Roland Burris on Wednesday said he would cooperate with investigations into whether his appointment to a U.S. Senate seat was tainted by dealings with the former Illinois governor accused of trying to sell the seat.

  • Israel links Gaza deal to soldier’s release
    JERUSALEM (Reuters) - Israel decided Wednesday against lifting its border blockade of the Gaza Strip until Hamas agreed to the release of a captured Israeli soldier, putting a longer-term ceasefire proposal by Egypt on hold.

  • Russia, Georgia agree plan to avoid new clashes
    GENEVA (Reuters) - Russia and Georgia have agreed on a mechanism to try to prevent any flareups around the breakaway South Ossetia region from turning into full-scale clashes, international mediators said on Wednesday.

  • Two professors theorize on bin Laden hideout
    WASHINGTON (Reuters) - After all these years, where is Osama bin Laden? Two college geography professors think they know.

  • Court rejects releasing Guantanamo prisoners in U.S.
    WASHINGTON (Reuters) - A federal appeals court on Wednesday overturned a ruling that 17 Chinese Muslims who have been held for years at the U.S. military prison at Guantanamo Bay in Cuba must be freed in the United States.

  • U.S. sees hard year in Afghanistan even with more troops
    WASHINGTON (Reuters) - The American general running the war in Afghanistan on Wednesday predicted a tough year ahead despite the addition of 17,000 more U.S. troops to break a stalemate with Taliban insurgents in the south of the country.

  • Bankruptcy remains an option for GM, analysts say
    DETROIT (Reuters) - A government-backed bankruptcy reorganization remains an option for saving General Motors Corp and Chrysler LLC, analysts said on Wednesday, even though the automakers have said they would rather not go down that road.

  • Bernanke cuts growth view, considers inflation target
    WASHINGTON (Reuters) - U.S. Federal Reserve policymakers largely gave up hope for economic growth in 2009 and discussed setting an inflation target last month as a deepening recession heightened fears of a dangerous decline in prices.

  • Hundreds seek their money as Stanford fallout spreads
    ST. JOHN’S/CARACAS (Reuters) - Hundreds of people rushed on Wednesday to withdraw money from banks in Antigua and Venezuela linked to Texas billionaire Allen Stanford, as the fallout from U.S. fraud charges against him rippled from the United States to the Caribbean, Latin America and Europe.

  • Obama unveils plan to tackle housing crisis
    MESA, Arizona (Reuters) - U.S. President Barack Obama pledged up to $275 billion on Wednesday to help stem a wave of home foreclosures, part of a broad effort using massive sums of government money to push the country out of recession.

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