Monthly Archives: July 2011

10,000 fans attend RI’s Newport Folk Festival (AP)

Written on July 31, 2011 by Editor - Top News Stories

NEWPORT, R.I. – Blue skies and strong ticket sales blessed this year’s Newport Folk Festival, two days of veteran acts and up-and-comers from a variety of musical genres. An estimated 10,000 people attended the long-running festival Sunday at Fort Adams … Continue reading →

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United DC-Cancun flight diverted to Cuba by odor (AP)

Written on July 31, 2011 by Editor - Top News Stories

HAVANA – A United Airlines jetliner carrying 135 passengers from Washington to a Mexican beach resort made an unplanned landing in Cuba on Sunday after a strange odor was detected on board. United Airlines Flight 831 left Dulles airport in … Continue reading →

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Scores die as Syrian forces attack defiant cities (AP)

Written on July 31, 2011 by Editor - Top News Stories

BEIRUT – Syrian security forces backed by tanks and snipers launched a ferocious assault Sunday on defiant cities and towns, killing at least 70 people and possibly many more as the regime raced to crush dissent ahead of Ramadan. Corpses … Continue reading →

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Debt ceiling fix could mean problems for states (AP)

Written on July 31, 2011 by Editor - Top News Stories

HARTFORD, Conn. – The cost of the compromise needed to raise the federal debt ceiling likely will inflict more fiscal pain on states still struggling to recover from the recession and the end of federal stimulus spending. President Barack Obama … Continue reading →

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It’s a deal: Obama, Congress will avert default (AP)

Written on July 31, 2011 by Editor - Top News Stories

WASHINGTON – Ending a perilous stalemate, President Barack Obama and congressional leaders announced a historic agreement Sunday night on emergency legislation to avert the nation’s first-ever financial default. The dramatic resolution lifted a cloud that had threatened the still-fragile economic … Continue reading →

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Analysis: Gas engines at center of fuel efficiency drive (Reuters)

Written on July 31, 2011 by Editor - Business News

WASHINGTON/DETROIT (Reuters) – Automakers have agreed to produce by the quarter-century mark the most fuel- efficient cars and trucks ever that will leverage new designs and technology, but still rely heavily on gasoline engines. A blueprint announced on Friday by … Continue reading →

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White House: expiry of Bush tax cuts to spur reform (Reuters)

Written on July 31, 2011 by Editor - Business News

WASHINGTON (Reuters) – White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax … Continue reading →

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Oil rises above $97 after US debt deal reached (AP)

Written on July 31, 2011 by Editor - Business News

SINGAPORE – Oil prices rose above $97 a barrel Monday in Asia after U.S. lawmakers struck a last-minute agreement to raise the government’s debt limit, avoiding a default. Benchmark oil for August delivery was up $1.41 to $97.11 a barrel … Continue reading →

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Markets to rally if debt deal reached, downgrade eyed (Reuters)

Written on July 31, 2011 by Editor - Business News

NEW YORK (Reuters) – If debate in Washington over raising the U.S. debt ceiling finally ends with a deal on Sunday, the last-minute reprieve could spark a relief rally when global markets open. U.S. lawmakers were close to a last-gasp … Continue reading →

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Validus urges takeover target Transatlantic to talk (Reuters)

Written on July 31, 2011 by Editor - Business News

NEW YORK (Reuters) – Reinsurer Validus Holdings Ltd (VR.N) on Sunday urged target Transatlantic Holdings Inc (TRH.N) to enter into discussions over its proposed takeover and said its offer is superior to one from Allied World Assurance Co (AWH.N). Validus … Continue reading →

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