WORLD

U.S. bank failures total 108 after 5 shut on Friday Posted July 30, 2010

By Corbett B. Daly WASHINGTON (Reuters) - U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded. Bank failures are expected to peak this quarter, with the industry slowly recovering from large portfolios ...More

Petters seeks new trial after Ponzi conviction Posted July 30, 2010

NEW YORK (Reuters) - Lawyers for convicted U.S. Ponzi schemer Tom Petters on Friday asked an appeals court to send the case back for a new trial, saying they were not able to fully present arguments against some of his accusers. In a brief sent on Friday to the U ...More

Obama urges Iran to release three U.S. hikers Posted July 30, 2010

Fattal, Hickey and Shourd hold pictures of their children while protesting for their release with ot

WASHINGTON (Reuters) - President Barack Obama on Friday called on Iran to immediately release three Americans who were detained a year ago after straying across the border while hiking in the mountains of northern Iraq. Obama, in a statement marking the Americans' 12 months in captivity, said Shane Bauer, Sarah Shourd ...More

Enbridge says no restart date for ruptured line Posted July 30, 2010

Booms are seen floating on the Kalamazoo river

DETROIT/CALGARY (Reuters) - Enbridge Inc's chief executive said on Friday he was unable to say when the company would be able to restart the Michigan pipeline that ruptured earlier this week, spilling more than 800,000 gallons of oil. U.S. Environmental Protection Agency Administrator Lisa Jackson said she ...More

U.S. worried more secret documents may be released Posted July 30, 2010

Wikileaks founder Julian Assange holds up a copy of the Guardian newspaper during a press conference

WASHINGTON (Reuters) - U.S. officials are worried about what other secret documents the whistle-blowing website WikiLeaks may possess and have tried to contact the group without success to avoid their release, the State Department said on Friday. The shadowy group publicly released more than 90,000 U.S. Afghan war ...More

House votes to end offshore drilling moratorium Posted July 30, 2010

Drill ships and response vessels work in the Gulf of Mexico off the Louisiana coast line while attem

WASHINGTON (Reuters) - The House of Representatives on Friday voted to end the federal moratorium on deepwater drilling for oil companies that meet new federal safety requirements. The proposal to end the moratorium was an amendment to a pending energy bill the House was poised to vote on. The moratorium will ...More

Floods kill more than 400 in Pakistan's northwest Posted July 30, 2010

A boy hangs on to the front of a cargo truck while passing through a flooded road in Risalpur in Pak

PESHAWAR (Reuters) - Heavy monsoon rains have triggered the worst floods in decades in Pakistan's northwest, killing more than 400 people and forcing thousands from their homes as authorities struggle to reach stranded villagers. Three days of torrential rains caused rivers to burst their banks in several places and unleashed ...More

Fire prompts evacuation of 2,000 homes north of L.A Posted July 30, 2010

LOS ANGELES (Reuters) - A fierce brush fire nearly doubled in size overnight as it threatened power lines that supply electricity to the greater Los Angeles area, but evacuation orders for 2,000 homes were lifted, officials said on Friday. The blaze, dubbed the Crown Fire, erupted Thursday afternoon and quickly ...More

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