TOKYO (Reuters) – Asian shares steadied on Wednesday, after a two days of gains, as investors refocused on the risk of a U.S. fiscal crisis following Federal Reserve Chairman Ben Bernanke's remarks that the budget impasse was already damaging growth. U.S. st ocks halted a two-day rally on Tuesday, while European shares edged higher on expectations euro zone finance ministers will approve the next tranche of bailout cash for Greece. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, with Australian shares easing 0.1 percent and South Korean shares opening up 0. … Euro zone bogged down in myriad of Greek debt options
BRUSSELS (Reuters) – G reece's debt cannot be cut to 120 percent of GDP by 2020, the level deemed sustainable by the IMF, unless euro zone member states write off a portion of their loans to Greece, a document prepared for euro zone finance ministers shows. The 15-page document, circulated among ministers, the European Central Bank and the IMF for a meeting that began on Tuesday and is still going on 10 hours later, sets out in black-and-white how far off-track Greece is in reducing its debt to the IMF-imposed target, from a level around 170 percent of GDP now. … NLRB unlikely to act on Walmart pickets by Thanksgiving
(Reuters) – The National Labor Relations Board said it is unlikely to make any decision before Thursday's Thanksgiving Holiday on Wal-Mart Stores Inc's push to stop protests and rallies outside its stores, the U.S. labor board said on Tuesday. At the same time, OUR Walmart, the organization that has been staging the protests filed its own charge with the NLRB, saying Wal-Mart was illegally attempting to deter workers from participating in strikes against the world's largest retailer on Friday. … Stampeders arrive for Grey Cup game as Argonauts feted at downtown rally
TORONTO – As the Calgary Stampeders slogged through traffic to their hotel from Pearson Airport to begin the hectic business of Grey Cup week, the Toronto Argonauts were having a love-in with their fans at a downtown rally.
U.S. has decimated al Qaeda chiefs but must persist in fight: Panetta
WASHINGTON (Reuters) – U.S. forces have decimated al Qaeda's leadership and ma de gains against some of its affiliates, but the fight has shifted in new directions that will require persistent U.S. efforts to truly end the threat, Defense Secretary Leon Panetta said on Tuesday. Panetta, in a speech to the Center for a New American Security, said while the United States had achieved progress against al Qaeda affiliates in Yemen and Somalia, associated groups had made inroads in Mali and Nigeria and were trying to gain a foothold in Libya. … Baird hails 'miracle' of Israel in speech, as Clinton begins ceasefire talks
OTTAWA – With hope of an Israel-Gaza ceasefire beckoning Tuesday, Foreign Affairs Minister John Baird hailed the “miracle” of a Zionist Israel while U.S. Secretary of State Hillary Clinton began the hard diplomatic work of brokering an end to the violence.
HP accuses Autonomy of wrongdoing, takes $8.8 billion charge
SAN FRANCISCO/NEW YORK (Reuters) – Hewlett-Packard Co stunned Wall Street by alleging a massive accounting scandal at its British software unit Autonomy and taking an $8.8 billion write-down, the latest in a string of reversals that renewed questions about the competence of the storied company's board and senior managers. HP said on Tuesday it discovered "serious accounting improprieties" and "a willful effort by Autonomy to mislead shareholders," after a whistleblower came forward following the May ouster of former Autonomy Chief Executive Mike Lynch. … Police chief killed in Libya's Benghazi: sources
BENGHAZI, Libya (Reuters) – A top security official in the eastern Libyan city of Benghazi was killed in front of his home overnight on Wednesday, security officials said, in the latest violence to plague the cradle of the North African country’s revolt. Faraj al-Deirsy, head of Benghazi police, died from multiple gunshot wounds, police and interior ministry sources said. “This happened in front of his house when unknown attackers opened fire and hit him before fleeing,” a police source. …
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