Today's Intel

Monday, Jan. 16, 2012

BLOOMBERG

Jon Huntsman Jr., trailing in the polls and after a third-place finish in New Hampshire, will drop out of the Republican presidential race today and endorse Mitt Romney, a campaign official said.

Rick Santorum, buoyed by support over the weekend from national evangelical leaders, is urging Republican voters in the final week of campaigning before South Carolina's primary to coalesce behind him as the alternative to former Massachusetts Governor Mitt Romney.

Texas Governor Rick Perry asked a U.S. appeals court to place his name on the ballot for the Virginia Republican presidential primary or to halt the printing of ballots pending his appeal.

India's inflation slowed to the lowest level in two years, giving the central bank scope to keep interest rates on hold for a second straight meeting next week.

European leaders will this week try to rescue under-fire efforts to deliver new fiscal rules and cut Greece's debt burden as investors ignore Standard & Poor's euro- region downgrades.

President Nicolas Sarkozy has fewer than 100 days before French elections to overcome the blow dealt by Standard & Poor's decision to strip the country of its AAA credit rating for the first time.

Hackers attacked the websites of the Tel Aviv Stock Exchange and El Al Israel Airlines Ltd., slowing down access after a pro-Palestinian computer group calling itself "Nightmare" warned of an imminent assault.

AP Top Stories

Republicans would cut federal employee benefits. President Barack Obama would raise fees for airline passengers and eliminate Saturday mail delivery. Democrats in Congress would charge employers higher premiums for federal pension guarantees. As Congress returns from a three-week holiday break, those are a few of the ideas for how to pay for extending an average $20-a-week Social Security payroll tax cut through the end of 2012 without adding to the government's long-term debt.

Car bombs ripped through two Iraqi cities on Monday, killing at least 11 people, Iraq officials said, in the latest attacks targeting the country's Shiites a month after the U.S. military withdrawal.

Occupy protesters with their sights set on the World Economic Forum, the annual gathering next week of the rich and powerful in the Swiss ski resort of Davos, unveiled their igloo accommodation. When fully erected, Camp Igloo will include two heated teepees and a field kitchen alongside the ice houses to sleep about 50 people in sub-zero temperatures, activists said.

Commercial banks parked almost half a trillion euros at the European Central Bank, the highest on record, as the mix of debt crisis worries and a recent giant injection of ECB cash left banks awash with money but too scared to lend it.

From their food allergies to home addresses, shoppers around the world are becoming increasingly willing to share more personal information with their favorite merchants, as they look for a more personalized and efficient shopping experience, an IBM survey of people in 15 countries showed. They are willing to share information if there is perceived benefit.

The captain of the cruise ship that capsized off Tuscany made an unauthorized deviation from its programmed course, a "human error" that led to the vessel's deadly grounding.

Iran's central bank deputy governor said Monday that trading foreign currency outside of banks and licensed currency exchange operations was now banned, marking the government's latest attempt to stem an outflow of foreign currency amid worries over the state of the economy.

The Associated Press opened its newest bureau, becoming the first international news organization with a full-time presence to cover news from North Korea.

The number of Internet users in China has surged past 500 million as millions of new Web surfers go online using mobile phones and tablet computers.

BBC

Cyber-attackers have struck Zappos, the Amazon-owned fashion e-retailer.

President Obama has thrown down the gauntlet to Republicans by asking Congress for the power to shrink the federal government. He told business leaders that he wants to close the US commerce department and merge six agencies. The six agencies that would be consolidated are the Department of Commerce, the Small Business Administration, the Office of the US Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the Trade and Development Agency.

Guatemala follows in the footsteps of Mexico and Honduras, as new President Otto Perez Molina orders the army to join the fight against drug cartels.

The new president of Guatemala, Otto Perez Molina, has been sworn into office after his election victory in November.

Nigeria's unions suspend strike after the president agreed to cut the cost of petrol following a week of protests.

Almost half of China's 513 million Internet users are now using microblogs, a report says, a figure that quadrupled in 2011.

Romania's government called an emergency meeting to deal with escalating violent street protests against austerity cuts.

WND

When Congress adopted and Barack Obama signed the National Defense Authorization Act of 2012, alarms were raised over the possibility that it would allow the indefinite and rights-free detention of those who are called "belligerents," even if they are American citizens. One state lawmaker in Rhode Island has jumped into action to protect the danger he sees for residents of his state, proposing a resolution to exempt his constituents from sections of the federal law.

A strain of tuberculosis that is resistant to all existing TB drugs has emerged in Mumbai, India.

Add new comment

Plain text

Pages