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Obama Seeks Grand Bargain on Debt as Republicans Balk on Taxes

BusinessWeek -
July 12 (Bloomberg) -- President Barack Obama pushed back against Republican efforts to focus on a scaled-down deficit deal, arguing for a broader package of spending cuts and tax increases to put the US on a sounder ...
WTNH
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The Associated Press
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The Associated Press
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Heat Wave Grips South, Central U.S.

Daily Beast -
Get ready with some water bottles: A sweltering heat wave hit the central and southern US Monday, as excessive heat warnings were issued in 17 states.

Testimony: Gay teen pushed boundaries before death

The Associated Press -
CHATSWORTH, Calif. (AP) - A former California school official has testified that a gay teen who was shot and killed in 2008 made sexually inappropriate comments to other students in the weeks before the shooting.

Euro Falls to 4-Month Low Versus Yen on Concern Debt Crisis to Reach Italy

Bloomberg -
The euro fell to an almost four- month low versus the yen after the International Monetary Fund head said “nothing should be taken for granted” on Greece, stoking concern its debt ...

Finite incantatem: 'So many tears' as Harry Potter casts his last spell

Chicago Sun-Times -
In this film publicity image released by Warner Bros. Pictures, from left, Emma Watson, Rupert Grint and Daniel Radcliffe are shown in a scene from "Harry Potter and the Deathly Hallows: Part 2.

Cano adds some life to the Home Run Derby

MiamiHerald.com -
In an event which featured some of the biggest sluggers in the game, it was the unheralded Robinson Cano who stole the show on Monday at Major League Baseball's Home Run Derby at Chase Field.

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US accuses Syria of unleashing mob attacks on US, French embassies

Los Angeles Times -
Syrian soldiers stood by while protesters stormed the compounds, Western officials say. Washington says the incident was an attempt to deflect international focus from Syria's deadly crackdown on activists.

UK royals 'targeted' in hacking scandal

Aljazeera.net -
Britain's royal family and former PM Gordon Brown among those allegedly targeted, as Murdoch's BSkyB bid falters. Latest revelations in the deepening UK phone-hacking scandal say the now-defunct News of the World tabloid may have targeted the Britain's ...

Russian boat in trouble before fatal sinking

CBS News -
Relatives of passengers believed to be aboard a cruise ship which sank await fresh information at a river Station in Kazan, about 450 miles (750 kilometers) east of Moscow, Russia, Monday, July 11, 2011, on the Volga River, in central Russia.

Could US aid cuts add strain to shaky ties with Pakistan?

Xinhua -
WASHINGTON, July 11 (Xinhua) -- In a move that could further complicate matters between the United States and Pakistan, Washington announced on Sunday that it would suspend a portion of its military aid to Islamabad, a major ally in ...

Caylee's Law to be offered

Albany Times Union -
ALBANY -- Sen. Andrew Lanza, R-Long Island, announced Monday that he'll introduce "Caylee's Law," legislation that would make it a felony for a parent or guardian to fail to notify the authorities within 24 hours of a ...

Prosecutors detail life on the run

Boston Globe -
James “Whitey'' Bulger and his longtime companion, Catherine Greig, used at least 15 aliases, including one embossed on an AARP card, during their 16 years on the lam, federal authorities said yesterday.

News Corp.'s Lost $7 Billion Shows Investor Concern Over Hacking Fallout

Bloomberg -
News Corp. (NWSA)'s loss of $7 billion in market value over four trading days shows investor concerns that a probe into alleged phone hacking by journalists at one London newspaper could ...

GLOBAL MARKETS-Euro, stocks slide as Eurozone debt woes deepen

Reuters -
SINGAPORE, July 12 (Reuters) - The euro fell to a four-month low on Tuesday after new IMF Managing Director Christine Lagarde said the fund was not yet ready to discuss terms of a second Greek bailout, while stock markets tumbled on ...

Analyst says Cisco may cut 5000 jobs soon

BusinessWeek -
Networking gear maker Cisco Systems Inc. may cut about 5000 jobs in August in one of its largest work force reductions, Gleacher & Co.

RPT-BOJ holds fire, more optimistic on economy

Reuters -
TOKYO, July 12 (Reuters) - The Bank of Japan kept monetary policy steady and revised up its assessment of the economy on Tuesday, encouraged by a pickup in factory output and the prospects for recovery in business sentiment, which was hit by the ...

Can Facebook and Google+ Coexist?

PCWorld -
The two Internet giants are going head-to-head in a social networking battle, but cooperation could be the key to their survival. By Megan Geuss, PCWorld Like oil and water or like peanut butter and jelly?

HP realigns PC unit with eye toward WebOS sales

Boston Globe -
SAN FRANCISCO - Hewlett-Packard Co., the world's largest computer maker, is reorganizing its personal-computer division as part of a push to broaden use of the software it gained from the acquisition of Palm Inc. Jon Rubinstein, ...

Atlantis' space station trip extended

Tbo.com -
Seen at the rear of Atlantis' cargo bay on Sunday is a module packed with supplies and spare parts. By The Associated Press The astronauts on NASA's final shuttle flight got a triple dose of good news Monday.

Mila Kunis Says Yes to Blind Date With Marine

The Daily Blabber from iVillage -
Sgt. Scott Moore posts a YouTube video asking the Friends with Benefits star to the Marine Corps Ball -- and she accepts! Mila Kunis has a hot date!

Arnold Schwarzenegger will make a new stand

Los Angeles Times -
There had been rumors for several weeks that Arnold Schwarzeneger was dipping his toe back in the acting pool, after pulling it out when the scandal over his out-of-wedlock son broke in May.

Bachelorette Spoiler: a Frontrunner Goes Home

People Magazine -
Say what you will about Ashley Hebert, but this is one Bachelorette who doesn't mess around. Once again breaking from the formula of so many Bachelor and Bachelorette seasons past, Ashley skips the cocktail party in order to cut to the ...

Beckham's bazaar choice for baby name stirs curiosity

The Guardian -
Victoria Beckham gave birth to a baby girl named Harper Seven in Los Angeles. Photograph: Graham Whitby Boot/Allstar/Sportsphoto Ltd It was an entrance to make her fashionista mother proud.

Routine Ruse in Men's Soccer Tumbles Into Women's World Cup

New York Times -
COLOGNE, Germany - There often seems to be more diving in soccer than in the Summer Olympics. Phantom contact, or the slightest collision, can lead to theatrical belly flops and exaggerated somersaults by players deceptively trying to ...

All-Star Game a matter of pride for KC

Kansas City Star -
At Chase Field in Phoenix, fans tried to get autographs before the 2011 All-Star Home Run Derby began on Monday. The All-Star Game, with all the events and all the money surrounding it, comes to Kansas City next year.

Curtis returns to scene of 2003 British Open stunner

Kansas City Star -
AP SANDWICH, England | There was time when Ben Curtis used to be able to go through airports without being noticed. Curtis stood 5 feet, 11 inches and sported a flattop haircut.

ESPN Sues Ohio State

New York Times -
By AP Interviews, insight and analysis from The Times on the competition and culture of college football. AP and Coaches' Polls ESPN has sued Ohio State, alleging the university violated state public records law by denying requests for items related to ...

Obama Administration Rolls Out Standards for Health Insurance Marketplaces

New York Times -
WASHINGTON - In a big step to carry out the new health care law, the Obama administration unveiled standards on Monday for insurance marketplaces that will allow individuals, families and small businesses in every state to shop for ...

16-Pound Baby Boy Born in Texas Hospital

ABC News -
Everything really is bigger in Texas. On Friday, Janet Johnson gave birth to a baby boy, who entered the world weighing 16 pounds, more than double the average weight of a newborn.

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