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Obama says expects deficit to approach $1 trillion

WASHINGTON, Jan. 6, 2009 (Reuters) — President-elect Barack Obama said on Tuesday that he expects to inherit a U.S. budget deficit approaching $1 trillion and that his administration would have to make some tough budget choices. ...  > full story
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Many in U.S. military don't get time to vote: study

WASHINGTON, Jan. 6, 2009 (Reuters) — Many U.S. troops serving overseas are effectively excluded from voting because they are not given enough time to cast absentee ballots, according to a report released on Tuesday. ...  > full story
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Treasury says TARP costs $26.55 million through January

WASHINGTON, Jan. 6, 2009 (Reuters) — How much does it cost to spend $350 billion? ...  > full story
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Wealth of U.S. millionaires down 30 percent: survey

NEW YORK, Jan. 6, 2009 (Reuters) — American millionaires have seen their assets shrink by 30 percent during the economic crisis, a report said on Tuesday, with only 36 percent of them pleased with the performance of their financial advisers. ...  > full story
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Democrat Roland Burris blocked from Senate

WASHINGTON, Jan. 6, 2009 (Reuters) — The man named by the scandal-plagued governor of Illinois to replace President-elect Barack Obama in the U.S. Senate failed to gain entry on Tuesday when the chamber's secretary rejected as incomplete his credentials for the seat. ...  > full story
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German tycoon Adolf Merckle commits suicide

BLAUBEUREN, Germany, Jan. 6, 2009 (Reuters) — German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday. ...  > full story
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Israeli shelling kills 42 at U.N. school: medics

GAZA, Jan. 6, 2009 (Reuters) — Israeli shelling killed more than 40 Palestinians Tuesday at a U.N. school where civilians had taken shelter, medical officials said, in carnage likely to boost international pressure on Israel to halt a Gaza offensive. ...  > full story
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China confirms woman died of bird flu in Beijing

BEIJING/HONGKONG, Jan. 6, 2009 (Reuters) — A 19-year-old woman has died of the H5N1 bird flu virus in Beijing after coming into contact with poultry, health authorities in Beijing and Hong Kong said on Tuesday. ...  > full story
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More Americans getting multiple chronic illnesses

WASHINGTON, Jan. 6, 2009 (Reuters) — More Americans are burdened by chronic illnesses such as diabetes and high blood pressure, often having more than three at a time, and this has helped fuel a big rise in out-of-pocket medical expenses, a study released on Tuesday showed. ...  > full story
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Retail sales seen falling despite deep discounts

CHICAGO, Jan. 6, 2009 (Reuters) — Deep discounts failed to coax consumers to shop in December, but are sure to sap margins and will likely lead to a number of profit warnings when retailers report sales for the all-important holiday month this week. ...  > full story
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World News

Israeli shelling kills 42 at U.N. school: medics

GAZA, Jan. 6, 2009 (Reuters) — Israeli shelling killed more than 40 Palestinians Tuesday at a U.N. school where civilians had taken shelter, medical officials said, in carnage likely to boost international pressure on Israel to halt a Gaza offensive. ...  > full story

Afghans, Pakistan fight militants together-Zardari

KABUL, Jan. 6, 2009 (Reuters) — Pakistani President Asif Ali Zardari met his Afghan counterpart Hamid Karzai in Kabul on Tuesday, pledged cooperation in the fight against militants in both countries and called for wider regional understanding. ...  > full story

Zimbabwe court dismisses activists' bid for freedom

HARARE, Jan. 6, 2009 (Reuters) — A Zimbabwean court Tuesday ruled that a leading human rights advocate and eight other activists should remain in custody, in a case that has raised further doubts over a power-sharing deal. ...  > full story

Hasina takes oath as new Bangladesh prime minister

DHAKA, Jan. 6, 2009 (Reuters) — Sheikh Hasina, the winner of Bangladesh's parliamentary election last month, was sworn in as the country's prime minister on Tuesday, ending two years of rule by an army-backed interim government. ...  > full story

Politics

Bin Laden thwarted in terrorism goals: official

WASHINGTON, Jan. 6, 2009 (Reuters) — Al Qaeda leader Osama bin Laden and his second-in-command have been rendered ineffective by international anti-terrorist efforts, a senior U.S. counterterrorism official said on Tuesday. ...  > full story

U.S. government sets infection control goals

WASHINGTON, Jan. 6, 2009 (Reuters) — Urinary infections caused by improper use and placement of catheters are the top cause of infections among hospital patients, but simple measures can prevent them, the U.S. government said on Tuesday. ...  > full story

Obama says expects deficit to approach $1 trillion

WASHINGTON, Jan. 6, 2009 (Reuters) — President-elect Barack Obama said on Tuesday that he expects to inherit a U.S. budget deficit approaching $1 trillion and that his administration would have to make some tough budget choices. ...  > full story

Obama breaks silence on Gaza, voices concern

WASHINGTON, Jan. 6, 2009 (Reuters) — U.S. President-elect Barack Obama, breaking his silence about the Gaza war, expressed deep concern on Tuesday about civilian deaths in Gaza and in Israel and vowed to push for Middle East peace when he takes power. ...  > full story

Business

Apple rolls out movie, pix software upgrades

SAN FRANCISCO, Jan. 6, 2009 (Reuters) — Apple Inc, missing master pitchman Steve Jobs and facing subdued expectations during its final appearance at the Macworld trade show, rolled out upgrades to its home movie and photo software on Tuesday. ...  > full story

Goody's Family Clothing to liquidate stores

NEW YORK, Jan. 6, 2009 (Reuters) — Goody's Family Clothing, a privately held apparel retail chain which emerged from bankruptcy in October, plans to liquidate its remaining stores as the U.S. economic recession has undermined its ability to continue operating. ...  > full story

BlackRock's Doll sees solid 2009 U.S. stocks gains

NEW YORK, Jan. 6, 2009 (Reuters) — The U.S. stock market will gain between 7 percent and 12 percent in 2009, despite an economy that will continue shrinking for at least the first half of the year, a top BlackRock executive said on Tuesday. ...  > full story

LyondellBasell stuck in debt restructuring talks

NEW YORK, Jan. 6, 2009 (Reuters) — Petrochemical giant LyondellBasell remained locked in talks with creditors on Tuesday as it hovered near bankruptcy two days after a deadline to renegotiate terms of its heavy debt load. ...  > full story

Science

U.S. still probing security satellite failure

WASHINGTON, Jan. 6, 2009 (Reuters) — Four months after the newest U.S. missile-warning satellite built by Northrop Grumman Corp failed in orbit, officials are still investigating what happened. ...  > full story

Dutch study sheds light on virus that causes SARS

LONDON, Jan. 6, 2009 (Reuters) — Dutch researchers have built a three-dimensional model of a type of virus that causes SARS in a step that could one day help in the battle against the deadly disease. ...  > full story

Scientists find a gene that makes cancer spread

CHICAGO, Jan. 6, 2009 (Reuters) — A single gene appears to play a crucial role in deadly breast cancers, increasing the chances the cancer will spread and making it resistant to chemotherapy, U.S. researchers said on Monday. ...  > full story

Pink iguanas unseen by Darwin offer evolution clue

LONDON, Jan. 5, 2009 (Reuters) — Pink iguanas unknown to Charles Darwin during his visits to the Galapagos islands may provide evidence of species divergence far earlier than the English naturalist's famous finches, researchers said Monday. ...  > full story

Entertainment

Apple rolls out movie, pix software upgrades

SAN FRANCISCO, Jan. 6, 2009 (Reuters) — Apple Inc, missing master pitchman Steve Jobs and facing subdued expectations during its final appearance at the Macworld trade show, rolled out upgrades to its home movie and photo software on Tuesday. ...  > full story

Stooges guitarist Asheton found dead in Ann Arbor

DETROIT, Jan. 6, 2009 (Reuters) — Ron Asheton, a guitarist and founding member of the influential rock band The Stooges, was found dead at his home in Ann Arbor, Michigan on Tuesday, police said. ...  > full story

Bruce Lee Hong Kong home to be saved as tourist site

HONG KONG, Jan. 6, 2009 (Reuters) — A philanthropic bid by a Hong Kong tycoon to preserve the one-time residence of kung fu legend Bruce Lee and transform it into a major tourist attraction honoring the film icon was approved on Tuesday. ...  > full story

FX's "Damages" the best drama on TV

LOS ANGELES, Jan. 6, 2009 (Hollywood Reporter) — If you don't love "Damages," you may well be in a coma -- or at least in the throes of some sort of brain rot. ...  > full story

Sports

Winner in Cubs sale process to be picked this week

CHICAGO, Jan. 6, 2009 (Reuters) — The winning bidder in the long-awaited sale of the Chicago Cubs baseball team will be identified this week, two sources close to the process said on Tuesday. ...  > full story

JC Romero given 50 game ban

NEW YORK, Jan. 6, 2009 (Reuters) — Philadelphia Phillies relief pitcher JC Romero has been suspended for 50 games after testing positive for a banned performance-enhancing substance, Major League Baseball (MLB) said on Tuesday. ...  > full story

Carmelo Anthony suffers probable hand fracture

NEW YORK, Jan. 6, 2009 (Reuters) — Carmelo Anthony of the Denver Nuggets has suffered a probable fracture to his shooting hand and will see a specialist later on Tuesday, the team said. ...  > full story

Djokovic crashes out of Brisbane International

SYDNEY, Jan. 6, 2009 (Reuters) — Novak Djokovic's preparations for the defense of his Australian Open title suffered an unexpected setback on Tuesday when the Serb was knocked out of the Brisbane International in the first round. ...  > full story
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