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Bank of America ordered to pay $1.27 billion for Countrywide fraud
NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit.
(Wed, 30 Jul 2014 18:56:30 GMT)

Carnage at U.N. school as Israel pounds Gaza Strip
GAZA/JERUSALEM (Reuters) - Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting.
(Wed, 30 Jul 2014 18:37:56 GMT)

U.S. economy back on track with strong second-quarter rebound
WASHINGTON (Reuters) - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.
(Wed, 30 Jul 2014 18:37:06 GMT)

Moscow fights back after sanctions; battle rages near Ukraine crash site
MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow-backed rebels and government troops has intensified since a Malaysian airliner was shot down.
(Wed, 30 Jul 2014 18:29:36 GMT)

Argentine debt talks down to the wire to avert default
BUENOS AIRES/NEW YORK (Reuters) - Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.
(Wed, 30 Jul 2014 18:22:37 GMT)

Temporary ceasefire in Tripoli, 75 bodies found in Benghazi
BENGHAZI/TRIPOLI (Reuters) - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.
(Wed, 30 Jul 2014 17:36:37 GMT)

U.S. private sector adds 218,000 jobs in July: ADP
NEW YORK (Reuters) - U.S. companies hired 218,000 workers in July, marking four straight month of private job growth above 200,000, but the figure fell short of what analysts projected and the previous month's level, a report by a payrolls processor released on Wednesday showed. Private job gains in June were 281,000, which was the strongest reading since November 2012. Economists surveyed by Reuters had forecast that the ADPNational Employment Report would show a gain of 230,000 jobs.
(Wed, 30 Jul 2014 17:35:11 GMT)

Germany's ZF in advanced talks to buy TRW for near $12 billion: sources
NEW YORK/FRANKFURT (Reuters) - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.
(Wed, 30 Jul 2014 16:43:11 GMT)

Temporary ceasefire in Tripoli, 75 bodies found in Benghazi
BENGHAZI/TRIPOLI (Reuters) - Rival Libyan militias fighting for control of Tripoli's airport agreed to a temporary ceasefire on Wednesday to allow firefighters to try to control a huge blaze at a fuel depot hit by a rocket.
(Wed, 30 Jul 2014 15:55:18 GMT)

Detroit drops post-bankruptcy monitor from exit plan
(Reuters) - Detroit has dropped the idea of having a court-appointed monitor keep an eye on its finances when it exits bankruptcy after determining the move was not needed, a city spokesman said on Wednesday.
(Wed, 30 Jul 2014 15:34:49 GMT)

Internet privacy service Tor warns users it was attacked
BOSTON Reuters - Tor, the Internet privacy protecting service, said on Wednesday it discovered a compromise on its network that indicated somebody was trying to monitor the activity of its users.
(Wed, 30 Jul 2014 15:14:44 GMT)

Moscow says 'short-sighted' sanctions will aggravate Russia-U.S. ties
MOSCOW (Reuters) - Russia called new U.S. sanctions "destructive and short-sighted" on Wednesday and said they would only aggravate ties between Russia and the United States, already at their lowest point since the end of the Cold War over the Ukraine crisis.
(Wed, 30 Jul 2014 13:23:53 GMT)

Twitter's market value set to soar after strong results
(Reuters) - Shares of Twitter Inc were set to soar on Wednesday as surprisingly strong user growth eased investor concerns that the popularity of the micro-messaging site was waning.
(Wed, 30 Jul 2014 12:57:18 GMT)

Two former senior Murdoch editors charged over UK phone-hacking
LONDON (Reuters) - Two more senior journalists from Rupert Murdoch's defunct British tabloid the News of the World have been charged with phone-hacking, prosecutors said on Wednesday, weeks after the paper's former editor was jailed for the crime.
(Wed, 30 Jul 2014 12:55:56 GMT)

Moscovici says confident will have important economic role in EU Commission
PARIS (Reuters) - France's candidate for the European Commission Pierre Moscovici is convinced he will have an important economic portfolio, he told Reuters on Wednesday, rebuffing German concerns that France lacked the budget credibility to take such a job.
(Wed, 30 Jul 2014 12:48:28 GMT)

U.S. judge says cannot seize Kurdish crude for now
HOUSTON (Reuters) - A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.
(Wed, 30 Jul 2014 12:18:14 GMT)

Russia bans Polish fruit and vegetable in apparent retaliation for sanctions
MOSCOW (Reuters) - Russia announced a ban on most fruit and vegetable imports from Poland on Wednesday and said it may extend the restrictions to the rest of the European Union, its first apparent retaliation to new Western sanctions imposed over Ukraine a day earlier.
(Wed, 30 Jul 2014 11:50:20 GMT)

Mortgage applications fall in latest week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday.
(Wed, 30 Jul 2014 11:19:18 GMT)

Exclusive: China's Xi reached deal with former leaders to investigate ex-security chief: sources
BEIJING (Reuters) - Two influential former Chinese leaders gave their consent for President Xi Jinping to investigate ex-domestic security chief Zhou Yongkang, sources told Reuters, a sign the corruption probe will not open a rift in the ruling Communist Party.
(Wed, 30 Jul 2014 11:17:38 GMT)

Sierra Leone's top Ebola doctor dies from virus
FREETOWN (Reuters) - The doctor leading Sierra Leone's fight against the worst Ebola outbreak on record died from the virus on Tuesday, the country's chief medical officer said.
(Wed, 30 Jul 2014 10:48:56 GMT)

Libyan militants overrun Benghazi special forces base as chaos deepens
BENGHAZI Libya (Reuters) - Militant fighters overran a Libyan special forces base in the eastern city of Benghazi on Tuesday after a battle involving rockets and warplanes that killed at least 30 people.
(Wed, 30 Jul 2014 10:47:54 GMT)

EU and U.S. announce new sanctions on Russia over Ukraine
BRUSSELS/WASHINGTON (Reuters) - The European Union and the United States on Tuesday announced further sanctions against Russia, targeting its energy, banking and defense sectors in the strongest international action yet over Moscow's support for rebels in eastern Ukraine.
(Wed, 30 Jul 2014 10:38:32 GMT)

Israel intensifies Gaza assault, Egyptians revise truce plan
GAZA/JERUSALEM (Reuters) - Israel knocked out Gaza's only power plant and pounded dozens of other high-profile targets on Tuesday, while Egyptian mediators prepared a revised proposal for halting its war with Islamist guerrillas in the enclave. Israel's Channel Two TV said progress was being made on such a deal in Cairo, where a Palestinian delegation is expected later on Tuesday, although the station retracted an earlier report that a truce had already been provisionally agreed.
(Tue, 29 Jul 2014 23:51:46 GMT)

Twitter assuages growth concerns for now as shares soar 35 percent
SAN FRANCISCO (Reuters) - Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup, assuaging concerns for now that the online messaging service had peaked.
(Tue, 29 Jul 2014 22:46:01 GMT)

U.S. judge says cannot seize Kurdish crude for now
HOUSTON (Reuters) - A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.
(Tue, 29 Jul 2014 22:36:54 GMT)

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